Gift City

GIFT City regulator proposes lower PMS ticket size, opens door to retail funds

The International Financial Services Authority (IFSCA), which regulates GIFT City, has proposed a reduction in the minimum ticket size for…

1 month ago

Budget 2024: How tax-free retail funds will benefit NRIs

The answer is yes as long as the money is not directly invested in equities. The Union Budget 2024-25 proposed…

2 months ago

RBI allows resident Indians to open dollar accounts in Gift City. What this means for you

Not only will this amount to significant savings when buying foreign currencies for overseas travel, it will also make spending…

2 months ago

Mint Explainer: Why Gift City is seeking tax parity with domestic mutual funds

The International Financial Services Centre, or IFSC, was established at the Gujarat International Finance Tec-City, or Gift City, a decade…

3 months ago

Axis MF says turnaround visible, but growth style dilution is a concern

It’s been a little over two years since Axis Mutual Fund (Axis MF) faced a front-running scandal. Since then, the…

3 months ago

RBI’s new overseas investment regulations: A gamechanger for Indian investors

The Reserve Bank of India (RBI) issued a circular on 7 June, relaxing overseas investment regulations and clarifying ambiguities for…

3 months ago

How Budget may allow Ghar Wapsi of Indian startups via this route

The upcoming Union Budget may see the government pave way for foreign-domiciled Indian startups to move their corporate headquarters back…

3 months ago

How Aditya Birla Sun Life MF, one of India’s first global Gift City funds, works

The fund is a close-ended Category II alternative investment fund or AIF. It has a term of 4.5 years, which…

3 months ago