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NSE IX to Open 30 Global Markets for Indian Investors in 6 Months

The NSE International Exchange plans to expand its global investing platform, allowing Indian investors access to equities in approximately 30 overseas markets within the next three to six months. The platform offers a fully digital process without the need for a demat account and operates on a T+1 settlement cycle. It provides significant tax benefits, including zero stamp duty and Securities Transaction Tax for non-residents, with all trading conducted in US dollars. The exchange also announced a partnership to help NBFCs in GIFT IFSC raise funds by listing debt instruments.

Key Points: NSE IX to Offer 30 Overseas Markets to Indian Investors

  • Access to 30 global markets
  • Fully digital onboarding, no demat needed
  • Zero STT, stamp duty for non-residents
  • 21-hour trading window, T+1 settlement
2 min read

NSE IX to open 30 overseas markets for Indian investors: Report

Indian investors can soon trade in 30 global markets via NSE IX's digital platform, featuring tax benefits and 21-hour trading.

"discussions are underway to include several G7 nations - V Balasubramaniam"

Mumbai, Feb 25

Indian investors may soon be able to buy shares in 30 global markets through the NSE International Exchange.

The exchange plans to expand its recently launched global investing platform over the next three to six months, according to multiple media reports.

NSE IX Managing Director and CEO V Balasubramaniam said the exchange currently allows trading in US stocks and is working to add more international markets.

He said discussions are underway to include several G7 nations, including countries in Europe, Japan and the United Kingdom.

The NSE IX Global Access platform enables Indian investors to invest in overseas equities through a fully digital onboarding process.

Investors do not need a demat account to trade on the platform. The exchange follows a T+1 settlement cycle, which means trades are settled one day after the transaction.

The bourse has also highlighted tax and cost benefits. It will offer zero stamp duty, zero Securities Transaction Tax (STT), and zero capital gains tax for non-residents.

Trading on the platform will be dollar-denominated, with all trades, margins and settlements conducted in US dollars. This structure removes the need for currency conversion at the transaction level.

The trading window will remain open for 21 hours a day across two sessions, allowing investors to capture market movements in Asia, Europe and the United States, as per reports.

All transactions on the platform will be regulated by a single authority, the International Financial Services Centres Authority, which oversees operations in India's International Financial Services Centres.

Separately, NSE IX said that in January it entered into a strategic partnership with the Finance Industry Development Council, a self-regulatory body for non-banking financial companies recognised by the Reserve Bank of India.

Under this partnership, NBFCs operating in GIFT IFSC will be able to raise funds through the NSE IX platform by listing debt and other financial instruments.

NSE IX operates as an international multi-asset exchange at GIFT City. The collaboration aims to expand access to debt and equity products within the IFSC ecosystem and support the long-term funding needs of NBFCs.

- IANS

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Reader Comments

P
Priya S
Great initiative, but I hope the platform is user-friendly for the average investor. The dollar-denominated trading might be a psychological barrier for some, even if it simplifies things. Need to see the fee structure clearly.
R
Rohit P
Finally! I've been using other brokers for US stocks, but having it on NSE with Indian regulations is a relief. 21-hour trading window is massive. Hope they add some good European tech companies soon.
S
Sarah B
As someone who recently moved to India, this is exactly the kind of financial infrastructure development that makes me optimistic. Single regulatory authority (IFSCA) adds a layer of trust. Well done, GIFT City!
V
Vikram M
While this opens doors, my respectful criticism is that we must ensure this doesn't lead to significant capital flight from Indian markets. The focus should also remain on strengthening our own primary market and attracting foreign investment here.
K
Kavya N
No demat account needed? That's a big plus for beginners. The partnership with NBFCs for fundraising is also smart—helps our own financial institutions grow. Aatmanirbhar Bharat with global access! 💪

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