Short answer: yes, if you follow broker and SEBI guidelines
ETF algo investing is legal in India when trades are placed through registered brokers using approved APIs. Investors must maintain control of their broker accounts and approve orders when required.
Investor responsibilities
- Keep your broker account in your name.
- Review orders and alerts regularly.
- Understand your risk and capital limits.
Why automation is compliant
- Orders execute inside your broker account.
- You can revoke API access anytime.
- SmartETF logs every signal and execution.