NRI trading at NSE IFSC

General
1

Hi,

How can a NRI trade in NSE IFSC? Are there any brokers which provides this facility for NRIs?
Are big players like Zerodha, ICICI direct etc planning to facilitate this in future?

Following are the benefits which an NRI can avail while trading in NSE IFSC (which is really cool)

  • No Security Transaction Tax (STT)
  • No Capital Gain (Both Short term & Long term)
  • Trading available for almost 16 hours. Overlaps India and most of the other time zones of Asia, Europe & US markets
  • Lowest trading costs compared to other offshore financial centers
  • Settlement guarantee for all the trades executed on NSE IFSC
  • No currency risk (transaction and settlement in USD)

source - https://www1.nseifsc.com/resources/faq-nri

Thanks

2

Did you manage to find a broker yet?

3

Nope. And no information anywhere on how to do it…

4

I did come across https://phillipventuresifsc.com and http://indiainxga.com but they don’t seem to have any good sales team to help me understand the full scope of their services.