NSE IFSC is allowing retail investors to invest in depository receipts of top US companies. The trading commences from March 3rd. Is Dhan working on integration with NSE IFSC at gift city or having any plans for it?
Hi @arun ,
Welcome to the Dhan community 
We know how important is it for retail investors to invest in the US stocks, and we are very serious on bringing exceptional product experience to our customers in the same regard.
Happy to share that, we are already in the process of registering our company with IFSC for this and will surely let all our community members know once all the process is done.
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Please provide an update on US Investing status. @PravinJ @RahulDeshpande
Our product building efforts revolves around multiple things like customer centricity, seamless and lightning fast experience with top notch UI and UX.
For US stocks too, our team is continuously building and iterating on multiple use cases. We want to provide an exceptional product experience to our customers, and are closer to building it.
I will surely let you know once its ready, and we can even try for early/beta access to our community member to get your views and suggestions.
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How long the process of registering your company with IFSC will take its almost been 9 months since your post?
Retail Investors might consider the option on shifting to some other broker already offering their customers exceptional product experience.
Beta version took extremely long period…
Or
Have you dropped the Idea of enabling us retail investors to invest in the US stocks.
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Hi @Rishi-Ritzy ,
Happy to see you after a long time on Dhan community.
Yes, we are extremely keen on providing users to invest in the US markets. @PravinJ has mentioned mentioned in our post What next to expect from Dhan “We aim to allow Indian investors to invest in Global Markets (including US, and other large international exchanges). It happens via IFSC GIFT City where we are in process of setting up a subsidiary to enable this. Exact timelines of this will be subjective, as US markets are in correction mode for a while. But yes - we want to enable this as well.”
We are looking forward to bringing the feature soon, but as promised we have multiple exciting & priority things lined up as well!
Stay tuned
Hi @RahulDeshpande , Checking on this. Can we invest in US Stocks , European Stocks from Dhan?
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@Sammy Not directly at the moment. The IFSC framework is currently less appealing for resident Indians and is still in its developmental stages. Additionally as of now investments via NSEIX are limited to US Companies (via IFSC receipts) with other jurisdictions yet to be included. It will surely take time for this framework to mature considering the availability of alternative options like ETFs and FoFs. Moreover, the transaction costs for acquiring these receipts are currently quite high.
Furthermore, the primary focus of IFSCA and GIFT MIIs is on derivatives for non-residents. So rolling out products for resident Indians is surely at a lower priority for now.
Having said this, you can explore Global ETFs on Dhan:
And ofcouse FoFs on Mutual Funds @ Dhan
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@thisisbanerjee Well I think the next big release for Dhan is Dext T3. I have heard that alot of users are waiting for this feature on zerodha and probably many brokers will follow lead. I wish there are more ETFs investing in US stocks.
INDMoney feels better if you are investor (I hate them cause their web version experience is not good they only focus on their app), Vested money matters if you execute a lot of swing awa short term trades and NSE IX is good if you want a fancy name, just to buy some top names for the shake of it and loads of money too though we have IBKR but it’s registration process itself is too complicated and lengthy.
@thisisbanerjee Well I really hope an AMC creates more ETFs or Mutual Funds for US stocks and Crypto. I am too skeptical to use Vested and IndMoney . I have HDFC Investright account and am exploring Global Investing in it.
This is great to hear and will surely look at trying Vested. Well the reason it has spurred up my interest is after my recent learnings that the INR would depreciate between 2-3% every year w.r.t dollar. Its needed and healthy. Considering the Indian inflation of 6 % and the rupee depreciation, it becomes absolutely necessary that some part of the investments has to be in the US markets.
