Product Overview
GIFT City offers IFSC mutual funds, AIFs, and PMS regulated by IFSCA, providing global investment access in USD. These suit NRIs well due to tax efficiencies but have LRS limits for resident Indians.
Product Types
- IFSC Mutual Funds (feeder funds to global/Indian assets)
- Alternative Investment Funds (AIFs)
- Portfolio Management Services (PMS)
- Equity, debt, commodities, derivatives funds
Main Features
- Global diversification in USD/other currencies
- IFSCA regulation with strong protections
- Minimums: Mutual funds from $500, AIFs $75K-$150K
Suitability
| Investor Type | Eligibility | Key Notes |
|---|---|---|
| Resident Individuals | Up to $250K/year under LRS | Suitable for HNW diversification |
| NRIs/OCIs/PIOs | Full access, no limits | Ideal for global exposure, family pooling |
Benefits & Pros
- No TDS on redemptions for NRIs; DTAA benefits
- No STT/stamp duty on IFSC trades
- Currency flexibility, restricted asset access
Cons: High minimums (lowering), currency risks, liquidity concerns
Taxation Overview
NRIs: No TDS on gains; taxed per residency/DTAA. Residents: Standard Indian slabs + LRS reporting. Verify with tax expert as laws evolve


IN INDIA