Indus

App Overview:

Indus is an investment platform designed for Non-Resident Indians (NRIs) and foreign investors, offering a seamless way to invest in Indian mutual funds. The app simplifies the onboarding process and facilitates secure, compliant investment operations across the Indian and New Zealand markets. Indus is fully compliant with regulatory requirements, ensuring a smooth and transparent experience for users.

Key Features:

Investment in Indian Mutual Funds: Indus provides users access to a wide range of mutual funds listed on Indian exchanges.
Custodial Services: Indus has partnered with DBS India, which serves as the custodian bank under SEBI regulations, ensuring secure handling of all investments.
Seamless Transfers: The platform enables users to efficiently transfer funds between their New Zealand and Indian accounts, simplifying cross-border investments.
Real-Time Tracking: Users can track their investment performance in real-time with an intuitive, user-friendly interface.
Secure Transactions: Indus is fully compliant with AML-CFT regulations in New Zealand, ensuring that all transactions are secure and monitored for compliance.

App Functionality:

Users can register, submit the required KYC documents for verification, and start investing once verified.
Investments are grouped into a unified account for backend processing, ensuring seamless management, while the front-end experience reflects individualized portfolio tracking.
The app offers an integrated dashboard where users can view their investments, monitor performance, and initiate transactions at any time.

Compliance and Regulatory Notes:

Indus is registered under the Financial Services Providers Registration (FSPR) in New Zealand and operates as an AML-CFT reporting entity. This ensures full compliance with New Zealand’s financial regulatory requirements.
In India, Indus operates under a Foreign Portfolio Investor (FPI) license, and DBS India serves as the custodian bank, ensuring adherence to SEBI regulations.

Special Considerations for Review:

Region-Specific Functionality: The app is currently built for users residing in New Zealand. For review purposes, region-specific restrictions have been lifted to allow the reviewer to access all features.
KYC and AML Process: The app requires users to go through a Know Your Customer (KYC) process in line with SEBI and AML regulations. This may require document submissions, but we have simplified this process for the review.
Third-Party Integrations: Indus integrates with DBS India for custodial services and banking operations. The app may show DBS-specific transactions and interactions as part of the investment process.
Contact for Support:

For any queries or additional information during the review process, please contact us at [email protected]