GIFT City retail funds are international mutual funds or investment vehicles that invest primarily in foreign markets. They participate in cross-border investments with innovative fund strategies and let you invest in global securities.
These international mutual funds are a route to invest in securities of other nations. In GIFT City, a few Asset Management Companies (AMCs) are providing global mutual funds to investors.
Anand Rathi International Ventures (IFSC) Pvt. Ltd. has partnered with leading global Asset Management Companies (AMCs) to distribute Global Mutual Funds to its clients through GIFT City. Serving a diverse clientele that includes NRIs, OCIs, EFIs, HNIs, family offices, and institutional investors, the firm offers curated global investment opportunities aligned with international standards and investor needs.
Dollar-denominated GIFT City retail funds are also available for Indian resident investors through the LRS route.
Based on the mode of transfer and assets dealt in, there are two major types of international mutual funds available in GIFT City: Inbound and Outbound.
Funds are available for Indian residents and non-resident Indians.
Investments are made in USD
They provide broader access to international strategies and sectors.
Creation of USD-based diversified portfolio.
It also offers tax efficiencies due to the IFSC structure.
(Note: The investments will be routed through via LRS in GIFT City for Resident Indians)
These funds allow Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and Eligible Foreign Investors (EFIs) to invest in Indian markets through GIFT City.
The fund strategy and asset allocation of the Global mutual funds, specifically in GIFT City, may vary and depend on the fund’s scheme and objectives.
For investing in an International mutual fund in GIFT City, you will be required to submit the following documents:
PAN Card
Aadhaar Card / Government ID Proof
Bank Account Details
KYC Compliance (CKYC)
FATCA Declaration
Overseas Address
Proof (for NRIs)
Passport (for NRIs / Foreign Nationals)
LRS Declaration Form
Some of the charges when investing in global mutual funds may include;
Like every mutual fund, there are certain viable risks in the global mutual fund:
Before investing in global MFs, one must consider the following points: