From GIFT City to Europe: India INX GA to launch tax-efficient UCITS for Indian investors
The initiative will enable retail clients to trade products listed on major European bourses, including the London Stock Exchange (LSE), Euronext, and Deutsche Börse Xetra, expanding beyond the platform’s current US stock offerings
Indian investors looking to diversify their portfolios beyond US markets will soon have the opportunity to access European UCITS ETFs and Mutual Funds through India INX Global Access (INX GA). The GIFT City-based platform, operating under the Reserve Bank of India's Liberalised Remittance Scheme (LRS), plans to launch the tax-efficient products by November.
Investing in UCITS funds, which are domiciled in jurisdictions like Luxembourg and Ireland, can yield significant tax savings compared to direct US stock holdings for Indian tax residents. UCITS funds benefit from reduced dividend withholding taxes and completely eliminate US estate tax liabilities through bilateral tax treaties.
India INX GA will offer two products: UCITS ETF and UCITS MF, with entry points starting at around $100 per unit. The platform currently facilitates over $500 million to $1 billion in monthly trading activity, driven by a surge in retail participation. Over 150 Indian brokerages have already partnered with the exchange to offer global products, with six major brokerages managing international order execution and clearing.
Residents can invest by transferring funds from their domestic bank accounts to their GIFT City INX GA trading account, with conversion fees charged by their banks.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
