The NSE International Exchange (NSE IX) has launched a new platform at GIFT City, Gujarat, allowing Indian investors to buy U.S. stocks and ETFs directly. Now, investors can access major companies like Apple, Microsoft, and Tesla without opening an overseas brokerage account.
The service, called Global Access, operates under the RBI’s Liberalised Remittance Scheme (LRS), which permits individuals to invest up to $250,000 per year in foreign markets. The sign-up process is fully digital, requiring Aadhaar, PAN, and DigiLocker verification, enabling users to start trading in minutes.
Currently, the platform offers U.S. equities, but NSE IX plans to expand to over 30 international markets within the next few months. Investors can also purchase fractional shares, making it easier to invest in high-priced stocks.
The platform has seen strong early interest, with about 2,000 users enrolling during the soft launch. Funds are remitted in Indian rupees and converted to dollars for overseas transactions, and trading includes equities, ETFs, and debt instruments, though derivatives are not yet available.
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