Investing in US stocks through NSE IFSC

March 4, 2022

NSE IFSC recently announced trading in 50 popular US stocks like Apple, Amazon, and Tesla in the form of unsponsored depository receipts for Indian investors. This has created a lot of buzz among investors who’ve been looking for easy ways to get exposure to these stocks. While the stock exchanges in GIFT City were primarily set up for easy access to Indian stocks and derivatives for NRIs and foreigners, this is the first product for onshore Indian  investors. 

Here’s everything you need to know about it.

GIFT City IFSC 

GIFT city is a Special Economic Zone or a financial hub with tax incentives created by the Government of India with a more relaxed regulatory regime to attract foreign capital to India and export financial services. Think of an area like Singapore or Dubai within India. GIFT city International Financial Services Center (IFSC) is located near Ahmedabad in Gujarat. Read more. The regulator for GIFT city is the International Financial Services Centres Authority (IFSCA), read more

NSE IFSC

Subsidiaries of BSE and NSE, India INX and NSE IFSC respectively, were allowed to set up stock exchanges at GIFT City. These exchanges were essentially set up to allow easier access for international investors looking to trade Indian securities. All trading and settlement happens in US Dollars, which helps avoid the impact of currency fluctuations. 

The first products introduced on these exchanges were index and stock derivative contracts. Other than easier onboarding and lesser regulatory requirements for NRIs and foreign nationals compared to trading on onshore Indian exchanges, there are also tax incentives; no income tax on derivative gains, no STT, or Stamp Duty. This is to attract international traders to trade at GIFT over other platforms in Dubai, Singapore, and other countries. While only derivatives trading is allowed today, it is just a matter of time, now that the depositories have also started operations in GIFT, that trading of Indian stocks will also begin. 

Can an Indian individual retail investor trade derivatives in GIFT city? 

No 🙂 GIFT city is meant only for non-resident Indians and foreigners looking for India exposure. When an Indian investor transfers money to GIFT, it is treated as transferring money out of India using LRS (Liberalized Remittance Scheme). So a maximum of $250,000 per year, and more importantly, any money transferred using LRS can’t be used for trading margin’d products or derivatives. Here is the RBI FAQ—check question 2 and point ii. 

While both the exchanges were originally set up for foreigners and NRIs, they also realised that there is an opportunity to build a product for Indian retail investors. 

Launch of NSE IFSC receipts on US stocks

Over the last 4 years, technology stocks in the US have been on a tear. Companies like Amazon, Apple, Facebook, Google, and Netflix have given phenomenal returns. Added to the performance, these are also brands that a lot of Indians use on a daily basis. The interest in owning stocks of these companies under the LRS scheme has only gone up with time. While there have been a bunch of startups in India that have partnered with international brokers to make investing in these US stocks much easier, they haven’t really taken off for the following reasons:  

  • Cost of international remittance: Money has to be transferred to the international broker and this can cost anywhere between Rs 300 to Rs 1000 in terms of fixed cost apart from losing on the currency spread (between 0.5% and 2%). The cost of receiving the money back could be even more! While the cost might not seem much for large investors who can potentially also bargain with the bank on spreads, it is prohibitive for most retail investors wishing to send between say Rs 10,000 to Rs 2 lakh. 
  • Trust: Most of the Indian platforms today partner with US brokerages, and there is a trust deficit because both the platforms and the overseas broker aren’t under the jurisdiction of Indian regulators. If there’s an issue, it can be a challenge dealing with an international regulator.   

Some startups have found ways to remit money at lower costs by partnering with an international bank and maybe even bearing some portion of the remittance cost as cost of acquisition. But this isn’t sustainable and eventually the fixed costs will most likely go up. Also, while the fixed costs are lower, that could potentially be made up by higher currency spreads by the bank.  

NSE IFSC has found a way to address these problems. When transferring money to GIFT, the banks on either end of the remittance are Indian banks. While this is still an international transfer, the cost of remittance can be much lower here if the bank on the other side of the remittance is the same Indian bank. NSE IFSC and the product is regulated by IFSCA, a statutory authority established by the Government of India. 

The announcement from NSE says that they are launching trading in 50 US stocks through unsponsored depository receipts. Currently, this product is in the regulatory sandbox (test), which means that NSE IFSC will only be able to onboard a fixed number of customers. More customers will be allowed only once IFSCA gives the final approval on the product. Trading is open from 8 PM IST until 2.30 AM IST. Since some of these US stocks are valued between hundreds to thousands of dollars per share, trading in fractionals or owning shares of these companies in multiples of $10 to $20 is also allowed. 

What are Unsponsored Depository Receipts?

When a company listed on exchanges in one country wants to attract investors and trading in another country, it is done through  Depository Receipts (DRs). If the company offers the DR, it is called sponsored DR and if the company isn’t involved, it is called unsponsored DR. Indian companies like Infy, ICICI Bank, Wipro, and others trade on US stock exchanges through sponsored DRs. 

The DRs that will trade on NSE IFSC will be unsponsored, which means that this isn’t the companies themselves issuing the depository receipts. NSE IFSC would have partnered with an international custodian who will hold the shares in the US on behalf of NSE IFSC, and the custodian will then issue DRs to the NSE IFSC depository account in India. These DRs will then start trading on NSE IFSC. Since the exchange is new, NSE IFSC has also partnered with large market makers to ensure that they are providing two-way quotes on the exchange for trading with low impact costs. Market makers before being able to provide sell quotes would have to park the shares with the international custodian. 

The above issue also solves for a large risk that comes with Indian startups partnering with International brokerage firms. Almost in all cases, brokers in the US hold client securities in what is called a margin account or in the street name of the broker. So unlike India where stocks once bought get credited to your demat, where there is little to no broker risk, stocks in the margin account do carry a risk in case the broker were to go under. The broker can take down the client securities as well in case of such a scenario. The securities sitting in the US broker margin account also help generate income, which is how most US brokers are now operating at zero brokerage rates. Read this for more on this. In the above depository receipt structure of NSE IFSC, since the securities sit with the custodian and not the brokerage firm, there is no broker risk. 

Costs 

Apart from whatever the brokerage firm facilitating the transaction on NSE IFSC will charge the customer, the exchange itself will charge 12 cents for every $100 or 0.12%. And yes, this is definitely high when you compare this to the 0.00345% charged within India for equity trades. But this structure involves high fixed regulatory costs, especially for filing W8 BEN form or declaring beneficial ownership to tax authorities in the US regularly. Also, since no leveraged trading will be allowed due to the RBI rules around LRS, the trading volumes on the exchange are bound to be much lesser than onshore exchanges, which I guess would also have been a consideration when deciding the transaction charge. I am guessing the transaction charges would go down with an increase in trading volumes. 

Trading and Settlement 

A T+3 day settlement, which means stocks or DRs once bought will get credited after 3 days (it is 2 days in India) to the demat account. Similarly, funds from stocks sold will get credited after 3 days. Unlike in India, no further transactions will be allowed until the settlement. This means, stocks once bought can be sold intraday, but if held overnight can be sold only after 3 days. Funds from stocks sold can be used for new purchases only after 3 days. 

No intraday leveraged trading would be allowed, or trades will be allowed only to the extent of funds or stocks held in the account. No naked short trades will be allowed either. 

While currently there are only 50 stock DRs offered by NSE IFSC, this list is bound to go up to a lot more over time. 

Zerodha and NSE IFSC

We are in the process of getting our membership and hopefully should be live in a few months once we receive the necessary approvals from the Indian exchanges and SEBI. In any case, the regulatory sandbox restrictions apply today in terms of maximum users, and we should hopefully have our platform ready by the time this user restriction is removed from NSE IFSC and the product and process is tested out well. 

Founder & CEO @ Zerodha


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154 comments
  1. Abhisek says:

    In March 2022 you mentioned that Zerodha is working on receiving the approvals from SEBI for NSE IFSC and it will be done in few months. Today we are in March 2024, after 2 years asking you if there is any updates.

  2. Vidyasagar A says:

    Hi – what is the further update on this? Can we now buy US Stocks through Zerodha with NSE IFSC ??
    Please update. ITs been more than 20 months since this article is written.

  3. Gopi says:

    Hi,

    Please let me know if the GIFT city approval is already done and if we can use Zerodha for international stock purchases. This will open up a myriad of opportunities and be mutually beneficial.
    I hope you will provide this feature at the latest!

    Regards,
    Gopi

  4. SGP says:

    Hi..Nikhil,

    What about the process of opening Demat Account in NSE IFSC for the Zerodha users. Any progress or will it get delay further

  5. Saibal Kar says:

    HI,
    HOW LONG IT WILL TAKE TO TRADE US SHARES IN ZERODHA.

    THANKS,
    SAIBAL.

    • Shruthi says:

      HI Saibal, we will proceed once the regulations are clear. Will keep you posted, however we cannot comment on a timeline yet.

  6. rishi Dev says:

    1. will dividend from US stock will be received in case of Unsponsered Depository Receipts.

    2. How much is risk involved in broker holding stocks in margin account in case of start-ups. Vs Depository Receipts held by custodian.

  7. Shivani Sharma says:

    Hi, Can someone please guide any useful resources that discusses in depth on the various options available in India to invest in US Stocks – GIFT IRSC NSE Option, BSE India INX, Vested, Ind Money or Groww?

    Primarily I am stuck on deciding between BSE India INX or Vested? My main goal is to buy and hold US stocks/ETF for more than 10 years for diversification.

  8. Lavanya says:

    Hi, from the past couple of months I eagerly waited for Gift IFSC NSE Zerodha account. But there is a limit to waiting also. Could you please confirm when we can expect this from zerodha ? Or shall we switch over to HDFC SKY ?

  9. Keshav Maheshwari says:

    Hello,

    I am willing to trade in Foreign Derivatives through NSE IFSC or BSE INX. However, as mentioned a lot of times, I can’t do that as an Individual. However, if I set up a Pvt Ltd Company in the IFSC Zone of Gift City, whether I shall be allowed to trade in Foreign Derivatives as a company? This is not covered through LRS but rather covered thru ODI guidelines, so will it be allowed to trade this way? Please reply.

  10. Ravi says:

    My account is no open no account number

    • Shruthi says:

      Hi Ravi, looks like you haven’t esigned yet, you need to complete the online process as explained here.

      Your process will continue from wherever you had left and you need not make any payment again. Let us know if you face any issues.

  11. K R VIGNESH says:

    Any update on Zerodha opening a brokerage service at GIFT IFSC?

  12. 100 accurate intraday tips says:

    It is very helpful for me and my team , keep doing it.

  13. Amit says:

    Please Guys do not wait for the membership of nse ifsc to Zerodha , since in one of the interviews published recently in leading business channel , Nithin Kamath clearly mentions that Zerodha is not actively not pursuing NSE IFSC membership due to restrictions by the govt India on foreign investments(20% TCS collected by government ) . Nithin is of view that govt will not allow so much money to flow outside of India in the long term , so it does not suit the economies of scale required by Zerodha.

  14. Nilesh Agarwal says:

    Hi team.

    I am an NRI. I want to trade GIFT NIFTY derivatives. How can I open an account? Does zerodha support this right now? What other options are there? Also not sure about the taxation laws. Can you also talk about that?

  15. Kuldeep says:

    Any update on the membership of nseifsc, as i just got to know that one can trade in sgx nifty(now gift nifty) from 3rd july, can we(indians) do it? Or is it just for nri’s?

    • Shubham says:

      Hi Kuldeep, resident Indian’s cannot trade derivatives in GIFT City. It is meant only for non-resident Indians and foreigners looking for India exposure. As explained above:

      When an Indian investor transfers money to GIFT, it is treated as transferring money out of India using LRS (Liberalized Remittance Scheme). So a maximum of $250,000 per year, and more importantly, any money transferred using LRS can’t be used for trading margin’d products or derivatives.

  16. syed says:

    Is there any Update on NSC IFSC ?? Is there any ETA or still no Updates from your side? there are more than 35 stock brokers enrolled last time I checked.

    • Shruthi says:

      Hi Syed, due to regulatory uncertainties, there has been a delay in offering this. We will proceed once the regulations are clear. Additionally, recent budget changes have made it unattractive for small retail investors. Nithin had discussed this here.

      • syed says:

        so will it be delayed till the regulation changes or can we expect it within a year??

        • Shruthi says:

          We will proceed once the regulations are clear. Will keep you posted, however we cannot comment on a timeline yet.

  17. Anshul Goel says:

    Do we have any newer update in this? Just share if we are making progress and not on hold due to some regulatory requirements?

  18. yash dave says:

    when zerodha will start buy sell us stock etf etc with still there no news form ur side its almost 1yr now other borkers already started this services

  19. Mayank says:

    I am interested in this. Is there any ETA for this trading on Zerodha?

  20. GM9799 says:

    How long we need to wait? If you hesitate to pay bribe to Government official, your long term survival is in question?

    • Shubham says:

      Hi, this has more to do with regulatory issues than us building the platform. We’ll offer this as and when the regulations are clear.

  21. Jagjeet says:

    Everyone leave comment here to put pressure on zerodha

  22. Sourav says:

    I can see this is the only time where Zerodha has disappointed its lot of loyal customers.
    Till now I never felt the need for another broker, but now I am forced to explore other options.
    You have taken more than a year and still there is same response we are working on it. Just disappointment even after waiting for so long.

  23. Shashank says:

    It’s been almost a year no. Please let us know whether you will get it or no. Otherwise we will open account with grow/ind money. We don’t want to miss out on current opportunities

    • Shruthi says:

      Hi Shashank, we’re in the process of getting our NSE IFSC membership. We’ll keep you posted on it. However, cannot provide any timeline at this moment.

  24. Vinod says:

    Any update on NSE IFSC?

    • Shruthi R says:

      Hi Vinod, we’re working on getting our NSE IFSC membership. We’ll keep you posted on it.

      • Suraj says:

        Seems like you have been trying to get the membership for a long time and time and opportunity is slipping by for the investors.
        Can Zerodha give a expected date/timeline for this?

  25. GANESH says:

    Same question.. when can we expect this in Zerodha? i think its already been 8 months since NSE announced..

    Nikhil and Nithin bhai please let us know..

  26. hari krishna says:

    Hi Team,
    Any update when it will be enabled by zerodha team. You are forcing out to open other dmat account.

  27. Akash says:

    When will this be launched? Any ETA?

    • Shruthi R says:

      Hi Akash, we’re in the process of getting our NSE IFSC membership. We’ll keep you posted on it. However, cannot provide any timeline at this moment.

      • Somanathan says:

        Real concern Zerodha is not giving a timeline is forcing to open alternate account which I would like to avoid – too many accounts to maintain. If you can give a time range at least that will help us to plan accordingly..

  28. Ankush Verma says:

    Single candle chart of a day should be visible when we choose 5D, 1M, 1Y.
    But in equity I found that one candle for 09:15 and another of 13:15, means two candles of a day are visible. It should be one.
    In commodity I have seen one candle of 09:00, second for 13:00, third for 17:00 and fourth for 21:00. It should be one candle for whole day which should show open, high, low, close of a day.
    I believe session wise Candlistic chart is visible.
    Can you please help, have I choosen wrong option thats why It is happening? Please advise me how to correct It. I want per day wise candle.

  29. Anshul Gaurav says:

    I just want to invest in US stocks from Zerodha, just a lot of my trading friends here. Request Zerodha to give a more firm timeline

    • Shruthi R says:

      Hi Anshul, we’re in the process of getting our NSE IFSC membership. We’ll keep you posted on it. However, cannot provide any timeline at this moment.

      • Biju says:

        Hi Shruthi, We are losing a good opportunity (“mild” recession) of investing in US Stocks because this facility is not available with Zerodha. Would really appreciate if you can start US investment feature by December 2022. The other US trading apps (fintech) doesn’t provide a sense of security and they do not support clients in general (may be supporting only elite clients). Keep us updated.

  30. Amanpreeetkaur says:

    thanks for sharing best information about the stock trading.

  31. Tintu says:

    I think there is no need for Zerodha to hear customer requests anymore. Because we (the traders) have become complacent by staying with Zerodha even though it doesn’t consider our requests. The only thing that is stopping me from opening an account with other discount brokers is trust that my funds are safe.

  32. Ravi says:

    Hi,

    Atleast can you update which of the 9 steps listed on IFSC membership process web page have been completed.

    Also once the approval is granted to Zerodha, is there any more documentation or anything else that would be required by current user, or we would be just good to go instantly.

    US stocks are at low, so little use getting it once they have rebound.

  33. Ravi Kumar P says:

    When can we expect it to go live r us to invest in US stocks?

    • Shruthi R says:

      Hey Ravi, we’re in the process of getting our NSE IFSC membership. We’ll keep you posted on it. However, cannot provide any timeline at this moment.

  34. Yeshwant Phatak says:

    Nice write up .
    Investors in India would like to
    tio invest in lots of international
    companies not only from usa but all
    Over the world !

  35. Shibaprasad Baidya says:

    Where do we stand with the approval?
    When can we expect it to go live?

    • Shruthi R says:

      Hey Shibaprasad, we’re in the process of getting our NSE IFSC membership. We’ll keep you posted on it. However, cannot provide any timeline at this moment.

  36. Kailash Kalaskar says:

    Any progress so far?

  37. Amit says:

    Its being more than a month since your last comment. Any progress so far?
    Appreciate if you can provide some tentative timeline please.

  38. Subrata says:

    Why you writing same for last 6 month that you are in process of getting approval for it. Is it the ATMANIRVAR Bharat reality. Or you have some major issue behind this delay .

    Someone response credible manner and not a copy past by a office Clark .people writing are your customer and do not disrespect customer so much .

  39. Raj says:

    When will you start opening trading account for nri’s in ifsc gift platform? Always get a monotonic answer we are in process of getting membership. Has this not been done so far?

  40. Jey says:

    Hi,

    Could any one from Zerodha team please let us know, what is the status of IFSC approval for Zerodha?

    Any, approx. date of IFSC feature live in Zerodha?

    Regards,
    Jey

    • Shubham says:

      Hey Jey, we’re in the process of getting our NSE IFSC membership. We’ll keep you posted on it. However, cannot provide any timeline at this moment.

  41. Gaurav says:

    Shubham, good to know that you are working on this but having some predictability will help for sure.. if there are other brokers getting on-boarded, then the process much be known, it is just about execution which you should be able to figure out.

  42. Srinath says:

    When is the likely date zerodha will launch nse ifsc product?

    • Shubham says:

      We’re working on it, Srinath. At this moment cannot be able to provide an exact date. We’ll however keep you posted.

  43. hridesh says:

    Any update here? This is pathetic really..Most of the other brokers have already activated the mechanism.
    How long it will take now?

  44. Muthukumar says:

    Still not activated?

  45. Anand says:

    Any updates on this ?

  46. Yogesh says:

    Any updates here?

  47. Deep says:

    Eagerly waiting for the same

  48. Pankaj Bhandari says:

    NSE IFSC already given membership to around 40 broker. Where is Zerodha? hoping zerodha are putting some efforts on this.

  49. Shrenik says:

    Can you please give proper timeline or tentative expected date about when can we buy us stocks. ?

  50. MAGHA RAM KASWAN says:

    How to link my account with us stock purchase

    • Shubham says:

      Hey, we’re working on getting our NSE IFSC membership. We’ll provide more details on the process once we are closer to launch.

  51. Varun says:

    When will Zerodha launch US stocks through NSE IFSC investment? Since, March 2022, I have been hearing it will be live soon. Can you provide some specific details when will Zerodha launch the service.

    • Shruthi R says:

      Hey Varun, we’re in the process of getting our NSE IFSC membership and hopefully should be live in a few months. Will keep you posted.

      • Shiva says:

        Instead of that reply we will be live in few months. Can’t you guys reply that till what level the process is finished like application side work is completed, testing or approvals are pending these details will give us Hope.

        I want to know how taxes will be imposed on the US stocks trading. Like short term sale 20% from the profit and long term sale depends on the salary slab. These details are missing, Can you guys give clarity on those as well please

        • Shruthi R says:

          Hey Shiva, we’ll make all the details available closer to the launch. Currently, we’re in the process of getting our NSE IFSC membership, and hopefully should be live in the next few months. We’ll keep you posted.

  52. Noufal says:

    Hi,

    Today also I got the “..live in few months..” response on NSE IFSC thru Zerodha. What’s going on?
    Can you guys be specific on when you can get expect this?

    Thanks,

  53. NoobInvester says:

    Hi Zerodha,

    It is already a few months. When can we expect the feature enabled in kite. A lot of brokers already got approval. Zerodha being the top broker should have taken the initiative and got the approval by now.

  54. Shah says:

    How much longer do we have to wait for the access ?

  55. Muthukumar says:

    Waiting for NSE IFSC Launch in Zerodha Since March 2022.

  56. Rohit says:

    When will NSE IFSC be available in Zerodha?

  57. Vishal says:

    Hi,

    Its been over two months now. Are you still in the process of getting your membership? Can you give a clearer timeline so we can look for options?

  58. Dencil says:

    In the case of US shares holding in NSE IFSC and a US custodian, who the US companies will know the ownership and trasfer the dividends?

  59. Anand says:

    Any update on this? Please let us know when can we expect this to be available

  60. Ananda Shankar Das says:

    Any update when Zerodha will be starting this? Many brokers have already started it

    • Shruthi R says:

      Hey Ananda, we’re in the process of getting our NSE IFSC membership and hopefully should be live in a few months. Will keep you posted.

  61. Arun says:

    1. Under NSE IFSC will NRI be able to trade in derivatives?

    2. Is Zerodha now ready with opening account under this process?

    3. Will Intraday be allowed for NRI?

    4. Can you share some details about fee and structure please.

    • Shubham says:

      Hey Arun, we’ll make all the details available closer to the launch. Currently we’re in the process of getting our NSE IFSC membership and hopefully should be live in next few months.

  62. parveen says:

    Any update team??

    • Shubham says:

      Hey Praveen, we’re in the process of getting our NSE IFSC membership and hopefully should be live in a few months.

  63. Anand says:

    Any updates on this? When can we expect the US stocks to be traded via Zerodha.

    • Shubham says:

      Hey Anand, we are in the process of getting our NSE IFSC membership and hopefully should be live in a few months.

      • Rupal says:

        Hi Team,

        Awaiting to invest in US stocks. What is the update on membership with NSE IFSC? How long do we have to wait? Please specify the timeline.

        • Shubham says:

          Hey Rupal, we’re working on it. Will keep you posted. However, cannot provide any timeline at this moment 🙂

          • Vipul Gupta says:

            6-7 months have already passed and there is no change in the response.
            A more detailed response would be useful, as to how much things have progressed and where the things are stuck and if it is a matter of weeks, months or years before you would come up with something?
            Merely repeating the same thing that we are working on it months after months is really unprofessional and leaves the investors in limbo.

  64. Ashish says:

    any update?

  65. Vishy says:

    I just need to ask one thing, what sort of trading we will be getting from NSE IFSC, on zerodha
    Is day trading in stocks possible(Intraday) without margin, like long and short , or it is just going to be an investing platform for ETFs and mutual funds. Enlighten please. Thankyou.

  66. Anshuman Kumar says:

    Any updates on this?

    • Shubham says:

      Hey Anshuman, we are in the process of getting our membership and hopefully should be live in a few months. We’ll keep you posted on it.

      • Anshuman Kumar says:

        Any info on how this will look like? I have an account on Zerodha already for Indian stocks and Mutual Funds. Will this require a separate account to work?

  67. Kumar says:

    Hi,

    Would you pls explain how dividends distribution works in this model? Similarly, would you clarify that people can purchase fractional stocks even through NSE IFSC?

    Thanks
    Kumar

  68. Akash says:

    Pls advice how do we invest in tesla shares in zerodha platform

  69. Pradeep says:

    Few is a relative term.
    Is 3 month or 6 months or 12 months?
    Depending upon this, I would like to make a decision.
    Thanks Pradeep

  70. Sunil says:

    How can open foreign acct

    • Shubham says:

      Hey Sunil, we are in the process of getting our membership and hopefully should be live in a few months once we receive the necessary approvals from the Indian exchanges and SEBI. We’ll let you know the process once we’re live 🙂

  71. Nakul says:

    Hi Nithin,
    Thanks for the detailed explanation.
    One questions on the DRs – Will we be able to pledge these DRs similar to NSE stocks?

  72. Devang Joshi says:

    Will there be any minimum amount/quantity requirements to trade/take position?
    Do we have to have foreign exchange clearance form RBI or any other place to invest in IFSC?
    Will there be exchange cost?

  73. Ankush Verma says:

    It is only for NRI and foreigners. We will be unlucky then. It should be open for all indian individuals.

    • Shubham says:

      Hey Ankush, trading in derivatives in GIFT city is only for non-resident Indians and foreigners looking for India exposure. NSE has introduced unsponsored receipts on select US stocks which resident Indians can invest in. We are in the process of getting our membership and hopefully should be live in a few months once we receive the necessary approvals from the Indian exchanges and SEBI.

      • Ankush Verma says:

        By your line
        NSE has introduced unsponsored receipts on select US stocks which resident Indians can invest in

        We Indian individuals can do trading. But earlier you inform different. It is only for NRI and foreigners. I am confusing. What do you mean. Can you please clear.

  74. Sanjay says:

    Why is Zerodha partnering with NSE IFSC when BSE INX is a far better and cheaper way of buying US securities?

  75. Anant Manekar says:

    A very good step and opportunity to Indian investors. Hope zeroda will get asap.

  76. Mohamed Yasin says:

    Hi,

    As an nri can I trade in US stocks. Please explain the procedure. Currently I do not have zerodha account.

  77. ravi says:

    I hope Zerodha gets the BSE one also IndiaINX. I understand that is cheaper and provides more range of countries and asset types

  78. Gyan Prakash says:

    Will derivative trading be allowed on these stocks ??

    • Shubham says:

      Hey Gyan, No, GIFT city is meant only for non-resident Indians and foreigners looking for India exposure. When an Indian investor transfers money to GIFT city, it is treated as transferring money out of India using LRS (Liberalized Remittance Scheme). Any money transferred using LRS can’t be used for trading margin’d products or derivatives. Here is the RBI FAQ—check question 2 and point ii.

  79. vig says:

    hi guys , its a good news. but can we integrate via india inx too for US stock buying ?

  80. Rameshwar Marotrao Lingase says:

    Dear sir
    Haw to add my kite app

    • Shubham says:

      Hey Rameshwar, we are in the process of getting our membership and hopefully should be live in a few months once we receive the necessary approvals from the Indian exchanges and SEBI. We’ll keep you updated on this.

  81. Mukesh says:

    Dear sir, please get regulatory approvals as soon as possible so as not give up early movers advantage. Although zerodha-The Best broker. Thanks

  82. Kamal Poddar says:

    Thanks for the comprehensive explanation, as always expected form Zerodha.
    I have one question –
    There is a 3 day period before one can transact again in the same stock. How does it compare to option of trading through intermediaries like you, or say, ICICI demat account ?
    I am looking at scenario where a stock price changes hugely ( like META fell -20% last month) and one wants to take immediate sell/buy action.

    Regards

  83. zay says:

    What would be the requirements for existing zerodha customers? Do we need open separate demat account with Zerodha? Do we need open any specific bank accounts or need to enable existing bank account for US dollar transaction?

  84. HAIMANTI SUTRADHAR says:

    Please inform us when you get membership
    And also
    Give videos on how to invest in
    NSE IFSC

  85. Kunal says:

    Thanks for the update. Any idea if inheritance tax (USA) will be applicable in case of death?

  86. Rishav says:

    Many brokers are already providing the facility, expecting the Zerodha to roll out the platform as soon as possible.

  87. Skyvaluestocks says:

    Nice explanation and we are really happy to see this in Zerodha❤

  88. Haritash Tamvada says:

    Hi Nithin,

    Thanks for the detailed post. Did answer a lot of questions I had in mind. Looking forward to having this feature enabled on Kite as you progress. If you need an early beta user, happy to give it a try 🙂

  89. Aashay says:

    Months! Isn’t that a bit too long considering that there are about 40 brokers who are already registered. Why is zerodha getting late to the party?

  90. Dhanabal says:

    When we may expect this NSE-IFSC buy option in our Zerodha ? How long it will take to implement? Are teams working on it? If yes pls give progress. it’s good to go. thanks!!

    • Shubham says:

      Hey Dhanbal, we are in the process of getting our membership and hopefully should be live in a few months once we receive the necessary approvals from the Indian exchanges and SEBI 🙂

  91. Shreyas says:

    Thanks Nithin for the write up. Nicely explained.
    Kudos to NSE for taking this initiative, much appreciation! 🙌

  92. Venkat says:

    Thanks for the explanation on NSE IFSC and GIFT. Zerodha as usual tries to explain complex subjects in a simple way.

    Just one question: Is it Depositary Receipt or Depository Receipt?

  93. Vishal says:

    Hi,

    Good to know the process has begun to implement US stock trading through NSE IFSC. Hopefully it will be sooner than two months. Its a hassle having different accounts for trading stocks for different instruments/formats. Requesting to push to incorporate this as soon as possible.

    Thanking you in advance

    • Accel says:

      Number 1 broker in India does not get approval of IFSC for US stocks trading interesting rest all chjinnu munnu got already approval

      • Sundar says:

        Number 1 is only in terms of number of clients. Other brokers provide far better service and took the initiative of setting up an office in GIFT City, unlike Zerodha.