NSE International Exchange (NSE IX) launches platform for investment in 30 global markets

Key facts

• NSE International Exchange (NSE IX) has launched the NSE IX Global Access platform from GIFT City to enable Indian retail and Non-Resident Indian (NRI) investors to invest in 30 global markets.
• The platform initially provides access to United States (US) listed stocks, with markets in the United Kingdom (UK), Japan, and parts of Europe to be added within three to six months.
• Under the Reserve Bank of India (RBI) Liberalised Remittance Scheme (LRS), resident Indians can invest up to $2.5 lakh per financial year in overseas markets through this gateway.
• Investors will remit funds in Indian Rupees to the NSE IX bank account, which are then converted into US Dollars for global investments.
• The platform is regulated by the International Financial Services Centres Authority (IFSCA) and allows for fractional trading, enabling the purchase of portions of high-priced global shares.
• Investors can trade in stocks, debt instruments, and Exchange Traded Funds (ETFs) without opening a demat account, though derivatives and cryptocurrency transactions are prohibited.
• The Know Your Customer (KYC) process is fully digital, requiring Aadhaar and Permanent Account Number (PAN) for completion via systems such as DigiLocker.