GIFT City

GIFT City (Gujarat International Finance Tec-City, or GIFT IFSC) is India’s first International Financial Services Centre, regulated by the International Financial Services Centres Authority (IFSCA). It serves as a hub for financial products, including funds domiciled in GIFT City that offer access to both Indian and global markets, often in USD or other foreign currencies.

Mutual Fund-Like Products Sold by Distributors in GIFT City

Mutual Fund Distributors (MFDs, typically AMFI-registered with an ARN code) can sell or distribute certain GIFT City products. These include:

Indian MFDs do not always need a physical office in GIFT City. They can:

Many AMFI-registered MFDs collaborate with PMS/AIF providers or insurance companies in GIFT City to offer these to clients.

Main Types of GIFT City Funds (Relevant to Mutual Fund Distribution)

Funds are broadly classified by investment flow:

Key Features:

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