Verified 7 verified funds
Checked field by field against the fund house's latest factsheet and notices (as on 2026-10-12): NAV history, expense ratio, minimum investment, exit load, benchmark, holdings and allocations.
DSP Global Equity Fund
DSP
Checked against the fund house's latest factsheet and notices
Edelweiss Greater China Equity Fund
Edelweiss
Checked against the fund house's latest factsheet and notices
HDFC International – Developed Markets Equity Fund
HDFC AMC International (IFSC) Limited
Checked against the fund house's latest factsheet and notices
HDFC International – Emerging Markets Equity Fund
HDFC AMC International (IFSC) Limited
Checked against the fund house's latest factsheet and notices
Parag Parikh IFSC Nasdaq 100 Fund of Fund
PPFAS Alternate Asset Managers IFSC Private Limited
Checked against the fund house's latest factsheet and notices
Parag Parikh IFSC S&P 500 Fund of Fund
PPFAS
Checked against the fund house's latest factsheet and notices
Quant Algorithmic Strategies Fund
Altus Fund Management IFSC Private Limited
Checked against the fund house's latest factsheet and notices
11 other outbound funds
From public directory listings. Shown as listed; not independently checked against a factsheet.
ABSL Global Bluechip Equity Fund (IFSC)
ABSL
Directory listing, not independently verified
ABSL Global Emerging Market Equity Fund (IFSC)
Aditya Birla Sun Life AMC Limited
Directory listing, not independently verified
Baroda BNP Paribas GIFT US Small Cap Fund
Baroda BNP Paribas
Directory listing, not independently verified
Marcellus GCP
Marcellus Investment Managers Private Limited (IFSC Branch)
Directory listing, not independently verified
Marcellus Global Equities Fund
Marcellus Investment Managers Private Limited (IFSC Branch)
Directory listing, not independently verified
Mirae Asset Global Advantage Fund
Mirae Asset Investment Managers (India) Private Limited (IFSC Branch)
Directory listing, not independently verified
Mirae Asset Global Allocation Fund
Mirae Asset
Directory listing, not independently verified
Parag Parikh Global Investing Strategy
PPFAS Alternate Asset Managers IFSC Private Limited
Directory listing, not independently verified
Phillip International Pioneer Portfolio
Phillip Ventures IFSC
Directory listing, not independently verified
Your Guide to GIFT City Outbound Funds
Everything you need to know about global investing through India's IFSC.
What are GIFT City outbound funds?
- Outbound funds in GIFT City IFSC allow Indian and NRI investors to invest in global markets through fund structures domiciled in India's IFSC.
- These funds invest in international equities, ETFs, and alternative assets across the US, Europe, Asia, and emerging markets.
- They provide a regulated, tax-efficient route for global diversification without needing an overseas brokerage account.
What is the difference between AIFs, PMS, and Retail funds in GIFT City?
- AIFs (Alternative Investment Funds) are pooled investment vehicles for sophisticated investors — typically with higher minimum investments and lock-in periods.
- PMS (Portfolio Management Services) offer personalised portfolio management with a minimum ticket size of $75,000 in GIFT City.
- Retail funds have lower entry barriers (as low as $5,000) and are structured as open-ended funds accessible to a broader investor base.
What are the tax implications of investing through GIFT City outbound funds?
- Funds structured through Irish-domiciled UCITS or Cayman routes can avoid churn tax — no tax on internal portfolio rebalancing.
- Some fund structures may be subject to fund-level taxation where investor exits can increase tax burden for remaining investors.
- Tax treatment varies by fund structure — AIF, PMS, and retail fund routes each have different implications. Consult a tax advisor.
What is 'churn tax' and why does it matter?
- Churn tax refers to capital gains tax triggered when a fund buys and sells securities within its portfolio.
- Funds routed through Cayman Islands or Irish UCITS structures can avoid this tax, making them more tax-efficient.
- Direct PMS strategies may be subject to churn tax since trades happen in the investor's name, potentially reducing net returns.
What are the lock-in periods for GIFT City outbound funds?
- AIFs typically have lock-in periods ranging from 2 to 4 years depending on the fund strategy.
- PMS strategies generally offer more flexibility with lower or no lock-in periods and zero exit loads.
- Retail funds usually have no lock-in and offer daily or weekly redemption options.
How do I choose between different GIFT City outbound fund options?
- Consider your investment horizon — AIFs suit long-term investors comfortable with 2-4 year lock-ins.
- Evaluate geographic allocation — some funds focus on US markets while others offer broader global diversification.
- Compare fee structures, tax efficiency (churn tax vs fund-level tax), and minimum ticket sizes to match your requirements.
FAQ content sourced from thefynprint.com's GIFT City Outbound/Inbound Funds Trackers.