Announcement

On September 10, 2026, SBICAP Securities Limited (SSL), a group company of State Bank of India, announced a strategic partnership with Appreciate Broking IFSC Pvt. Limited, an IFSC‑registered intermediary. The partnership was inaugurated by Shri Challa Sreenivasulu Setty, Chairman of State Bank of India, at the Global Fintech Fest in Mumbai.

Partnership Objective and Structure

The collaboration aims to enable retail investors to access international investment opportunities through the regulated GIFT City IFSC ecosystem. SBICAP contributes its trusted customer franchise and extensive distribution network, while Appreciate provides a full‑stack IFSC infrastructure. Together they deliver a seamless, future‑ready global investing experience.

Platform Coverage and Products

The joint platform offers access across both India INX GA and NSEIXGA – a subsidiary of IFSC Exchange Global Access Providers (GAPs) – creating one of India’s most comprehensive global investing platforms. Investors can trade more than 8,000 US‑listed stocks and a wide range of global exchange‑traded funds (ETFs). The roadmap includes the addition of global mutual funds, thematic portfolios, structured products and other international investment opportunities.

Key Features for Retail Investors

  • Fractional investing is available from as little as $1, allowing participation with small ticket sizes.
  • A single KYC and onboarding process eliminates the need for repeated registration across exchanges.
  • Multi‑bank remittance support facilitates smooth fund transfers.
  • US‑listed securities are held with regulated US custodians, ensuring investor protection.
  • The platform operates under a fully regulated GIFT City IFSC route, providing institutional‑grade custody and compliance.

Quotes from Leadership

Baldev Prakash, Managing Director & CEO of SBICAP Securities Limited, said that Indian investors are increasingly seeking globally diversified portfolios and that the partnership, integrated with both India INX GA and NSEIXGA, combines convenience, investor protection and breadth of global access.

Shlok Srivastav, Co‑Founder and COO of Appreciate, emphasized that global investing is becoming an essential component of wealth creation for Indian investors and that the collaboration leverages SBICAP’s trust and reach with Appreciate’s infrastructure to deliver a simple, affordable and accessible solution.

Market Context

The launch comes amid rising interest among Indian investors in global diversification, driven by strong performance of international markets and a growing appetite for exposure to innovation, technology, healthcare, artificial intelligence and other long‑term growth themes.

Disclaimer

The press release is provided under an arrangement with PNN. PTI takes no editorial responsibility for the content.