GIFT Nifty, the flagship derivative contract traded on the NSE International Exchange (NSE IX) at GIFT City, has hit a new milestone with a record monthly turnover of $102.35 billion (₹8.75 lakh crore) in May 2025. This surpasses its previous best of $100.93 billion recorded just a month earlier in April, setting a fresh benchmark for the platform.
Since launching full-scale operations on July 3, 2023, GIFT Nifty has clocked a cumulative turnover of $1.93 trillion, spanning over 43.28 million contracts as of May 2025.
“We are delighted with the continued success of GIFT Nifty and sincerely thank all participants for their enthusiastic support,” NSE IX said in an official statement.
Despite its growth, Indian retail investors are still barred from accessing GIFT Nifty via the Liberalised Remittance Scheme (LRS), as the Reserve Bank of India prohibits using the annual $250,000 remittance limit for leveraged instruments like futures and options.
However, Indian brokerages and their overseas subsidiaries are allowed to facilitate trades for non-resident clients and high-net-worth Indian family offices. These entities can not only trade on their own behalf but also execute transactions for their clients.
About NSE IX
Founded on June 5, 2017, the NSE International Exchange operates from GIFT City under the regulatory framework of the International Financial Services Centres Authority (IFSCA). It commands over 99% market share within GIFT IFSC and offers a broad range of products including Indian single stock and index derivatives, currency derivatives, depository receipts, and global equities. NSE IX also enables listing of instruments such as equity shares, SPACs, REITs, InvITs, and ESG-linked debt products, in compliance with IFSCA norms.
ALSO READ: TAMI-NER Project Drives Market-Led Growth for Farmers
In a significant boost to its global ambitions, both GIFT Nifty and NSE IX have secured key regulatory approvals including a Part 30 exemption from the U.S. Commodity Futures Trading Commission (CFTC) and Class Relief from the U.S. Securities and Exchange Commission (SEC). These recognitions allow U.S.-based investors to participate in derivative trading on the platform.
FIRST Business Portal addressing the potential of business capability of North East Region.
