Indian Investors Gain Direct Access to US-Listed Stocks through NSE IX Platform

NSE International Exchange (NSE IX) Expands Investor Access with Global Access Platform

Key Highlights:

• NSE IX's Global Access platform will enable Indian investors to trade across over 30 international markets within the next six months.
• The platform has already gone live for the US market, with more than 30 markets expected to be available for access in the next three to six months.
• The platform is designed to facilitate outbound investments within the regulatory framework of the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI).

Product Features:

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• Fractional investing for retail participants, allowing investors to purchase portions of high-priced global stocks.
• Dollar-denominated investment structure, enabling value-based execution without requiring large ticket sizes.
• Accessible via web and mobile interfaces, with a digital onboarding process and online KYC verification.
• Customised watchlists and tracking of global securities.

Regulatory Compliance:

• Investments executed through the platform will be denominated in US dollars and will comply with prevailing regulations under the LRS framework.
• Derivatives and digital asset products are not enabled due to regulatory restrictions.

Future Plans:

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• Institutional participation is expected to be incorporated at a later stage, with phase three enabling participation for institutional investors in India.
• The platform aims to cater to the growing demand for outbound investment schemes from Indian mutual funds.

Key Figures:

• 250,000 USD: the maximum amount permitted for resident individuals to remit under the LRS framework per financial year.
• 30: the number of international markets expected to be available for access on the Global Access platform within the next six months.