Risk disclosure

The value of securities can fall as well as rise. You may lose part or all of the principal you invest. Past performance of any security, asset class or product does not guarantee or indicate future results. Nothing on this website, in the SplitStock app, or in the sandbox is investment advice or a recommendation to buy or sell any security.

Reference: standard SEBI and FINRA risk disclosure practice.

Your holdings are priced in US dollars and your money is in rupees, so your return depends on two things moving, not one. A strengthening rupee reduces your return in rupee terms even when the underlying share has gained. A weakening rupee increases it even when the share has not moved.

Reference: SEBI Master Circular for Stock Brokers, risk disclosure requirements.

Cross border investing depends on rules that can change. It is governed by the Reserve Bank of India's Liberalised Remittance Scheme, by the Foreign Exchange Management Act, and by guidance from the International Financial Services Centres Authority. A change to remittance limits, permitted purposes, or the tax treatment of foreign assets could affect your ability to add funds, to bring funds back, or the net return you keep.

Regulatory change can also take effect quickly and without a transitional period. We will pass on any change that affects you as soon as we are aware of it, but we cannot prevent it or grandfather you out of it.

Reference: Foreign Exchange Management Act, 1999, and the RBI Master Direction on the Liberalised Remittance Scheme.

Where your aggregate remittances under the Liberalised Remittance Scheme exceed ten lakh rupees in a financial year, tax is collected at source on the amount above that threshold, currently at 20 percent for investment remittances. Tax collected at source is not an extra tax. It is adjustable against your total income tax liability when you file your return, and refundable if you have overpaid.

The threshold was raised from seven lakh to ten lakh rupees with effect from 1 April 2025. Thresholds and rates change with each Finance Act, and the provision has been renumbered under the Income Tax Act, 2025. Confirm the figure that applies to your own remittances for the current year with a qualified tax adviser before you rely on it.

Reference: Section 206C(1G) of the Income Tax Act, 1961, and the corresponding provision of the Income Tax Act, 2025.

A fractional position is not identical to a whole share in every respect. Fractions are not transferable between brokers, so a fractional holding generally has to be sold rather than moved if you change provider. Selling may take longer, or be subject to different conditions, than selling a whole share on a domestic exchange.

US markets are also open while India sleeps. An order placed outside US market hours is queued for the next open, and the price you receive is the price at execution, not the price you saw when you placed it.

SplitStock is software that depends on other software. Outages, processing delays, or failures at a payment provider, a bank, a data feed, or a broker can delay the timing of your transactions or the visibility of your holdings. We build for reliability and we publish what went wrong when it does, but we cannot promise uninterrupted service.

SplitStock is a technology platform. It does not hold your money or your securities. Those are held by regulated banking, brokerage and custody partners, and your exposure to those partners is real and separate from your exposure to us. Protections such as US investor protection schemes cover broker failure, not investment losses, and their scope and limits are set by the relevant regulator rather than by us.

Intended partners: Alpaca India, regulated by the IFSCA at GIFT City, and Alpaca Securities LLC, a member of FINRA and SIPC. These partnerships are being established and are not yet live.

SplitStock is pre-launch. It is not currently a registered broker, a registered investment adviser, or a bank, and it does not accept real investment funds. The sandbox runs the full journey on live market data with practice money, which is why every screen in it carries a simulation banner.