A little, every month.
In August 2026, 10 crore (100 million) Indian SIP accounts paid a fixed amount into mutual funds, as they do every month. A Sheaf monthly plan is the same habit onchain: a fixed amount of dollars into a basket of tokenized US stocks on a schedule. Each run places a dollar order that fillers compete to fill, and every fill moves the plan's reference price to where the market cleared, so the program never reads a price.
- Plans running
- —
- reading the chain
- Runs filled
- —
- reading the chain
- Dollars put in by plans
- —
- reading the chain
- Due right now
- —
- reading the chain
Your plans
Connect a wallet to see the plans it owns.
Every plan on Sheaf
Running a due plan needs no permission: anyone can send the transaction, and the plan can only do the one thing its owner allowed.
Why a monthly plan, and why India.
India already invests by monthly plan, and its savers want US companies in it. The regulator caps what Indian mutual funds may hold abroad, and in July 2026 Edelweiss, PGIM India and Franklin Templeton stopped taking fresh SIPs into some of their international funds because of it.
Those 10 crore accounts are the habit and the evidence of demand, not Sheaf's market today. A resident buying tokenized stocks onchain meets the 30% crypto tax and 1% TDS, and FEMA hasn't settled whether it is allowed. So the path runs in three steps:
- 1
Indians abroad, where xStocks are sold.
xStocks aren't offered in the US, UK, Canada or Australia. Elsewhere they already reach retail investors: in June 2026 Bybit opened xStocks-backed SpaceX IPO shares to investors in the UAE.
Kraken, xStocks availability, 18 Jun 2026Aletihad, 8 Jun 2026
- 2
Platforms that already serve them.
Sheaf's monthly plan offered inside an app that already does the KYC and holds the license.
- 3
Residents of India, once FEMA and tax treatment are clear.
Not before. The rules below say why.
- ₹32,297 crore
- Put into mutual funds through SIPs in August 2026, a record month.
- AMFI data, via Cafemutual, 11 Sep 2026Angel One
- 10.02 crore
- SIP accounts that paid in during August 2026, past 10 crore (100 million) for the first time.
- AMFI data, via Cafemutual, 11 Sep 2026Angel One
- $7 billion
- The cap on what all Indian mutual funds together may invest overseas, with at most $1 billion per fund house.
- SEBI circular, 3 Jun 2021Business Today
- −₹72 crore
- Net outflow from India's overseas funds of funds in August 2026, which hold ₹48,548 crore in all.
- AMFI monthly report, Aug 2026 (PDF)
Rules for Indian residents
What applies today if you live in India and want US stocks. Each line links to where it comes from.
- LRS limit
A resident may send up to $250,000 abroad each financial year under the Liberalised Remittance Scheme. That one limit covers everything together: travel, study, gifts and buying foreign shares.
- TCS on remittances
Your bank collects 20% tax at source on investment remittances above ₹10 lakh in a financial year. It isn't a separate tax: you can set it against your income tax when you file your return, or claim it back.
- Crypto tax
Crypto tokens are taxed as virtual digital assets: a flat 30% on gains, losses can't be set off, and 1% TDS on each transfer. Budget 2026 kept all of it. Tokenized stocks are reported to fall under the same rules.
- FEMA
Whether a resident may buy a tokenized US stock under FEMA, and whether it counts against LRS, is not settled. Until it is, Sheaf won't offer this to residents.
- NRIs
LRS is a scheme for residents. Non-resident Indians invest under the rules of the country they live in, so where xStocks are sold (not the US, UK, Canada or Australia) they are the clearer first users, through a regulated partner that already does KYC.
What Sheaf is today
A working demo on Solana devnet that runs on test dollars. No real money moves, and Sheaf is not available as an investment product yet. Nothing on this page is an offer or advice.
The India waitlist
If you would run a monthly plan into US stocks, four questions tell us where you live, how much, and how you do it today. Where you live decides when Sheaf could serve you.