NSE IX opens door to 30 global markets for retail, NRI investors

Ahmedabad: NSE International Exchange (NSE IX) has launched a new platform from GIFT City allowing Indian retail investors and non-resident Indians (NRIs) to invest in shares across 30 global markets. The platform has begun with access to US-listed stocks, with markets such as the UK, Japan and parts of Europe set to be added over the next three to six months.Under the Reserve Bank of India's Liberalised Remittance Scheme (LRS), resident Indians can invest up to $2.5 lakh per financial year in overseas markets. Investors will remit funds in Indian rupees to the NSE IX bank account, which will then be converted into US dollars for global investments.
NSE IX managing director and CEO V Balasubramaniam said the initiative aims to tap growing interest among Indian investors in overseas equities. "NSE IX is now a gateway for inbound and outbound investments through GIFT City. Currently, the NSE IX Global Access platform provides access to US-listed stocks, and we plan to expand to over 30 global markets shortly," he said.The platform allows fractional trading, enabling investors to buy portions of high-priced global shares. It is regulated by the International Financial Services Centres Authority (IFSCA) and complies with LRS norms. Investors can begin trading without opening a demat account. The exchange has set up a subsidiary, NSE IX Global Access, and is currently in a soft-launch phase for 10 days before onboarding partners.Balasubramaniam said the KYC process was fully digital and can be completed in under a minute using systems such as DigiLocker, with Aadhar and PAN mandatory. "The platform permits trading in stocks, debt instruments and ETFs, but does not allow derivatives or cryptocurrency transactions," he added.