GIFT Nifty Hits Record $102.35 Billion Monthly Turnover in May 2025

GIFT Nifty, the flagship derivatives contract on the NSE International Exchange (NSE IX) at GIFT City, reached a new milestone in May 2025 with a record monthly turnover of $102.35 billion (₹8.75 lakh crore). This surpasses its previous all-time high of $100.93 billion, recorded just a month earlier in April 2025.

Since the commencement of full-scale operations on July 3, 2023, GIFT Nifty has accumulated a cumulative turnover of $1.93 trillion, representing over 43.28 million contracts traded as of May 2025 — a strong indication of the platform’s growing global relevance.

In a statement, NSE IX expressed appreciation for the achievement: “We are delighted to see the consistent growth of GIFT Nifty and extend our heartfelt thanks to all participants for their continued trust and support in making it a leading global contract.”

Retail Access Still Restricted

Despite its impressive growth, Indian retail investors continue to face barriers to accessing GIFT Nifty due to restrictions under the Liberalised Remittance Scheme (LRS). The Reserve Bank of India currently prohibits the use of the annual $2,50,000 LRS limit for leveraged instruments such as futures and options.

However, Indian brokerages and their international subsidiaries are permitted to onboard non-resident clients and high-net-worth Indian family offices, allowing them to trade directly and on behalf of these clients.

Also Read: Best Nifty 50 Index Funds in June 2025: UTI Nifty 50 Index Fund, HDFC Nifty 50 Index Fund & More Based on 5Y CAGR

About NSE IX

Launched on June 5, 2017, the NSE International Exchange (NSE IX) is a multi-asset exchange operating under the regulatory framework of the International Financial Services Centres Authority (IFSCA). Based in GIFT City, it commands over 99% market share within the IFSC ecosystem and offers a wide range of instruments, including:

• Indian single-stock and index derivatives
• Currency derivatives
• Depository receipts
• Global equities

NSE IX also facilitates the listing of various instruments such as equity shares, REITs, InvITs, SPACs, and ESG-linked bonds, all under IFSCA guidelines.

The platform and its flagship product, GIFT Nifty, have also received significant international regulatory approvals, including a Part 30 exemption from the U.S. CFTC and Class Relief from the SEC — allowing U.S.-based investors to trade derivative products on the exchange.

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