Offshore Mutual Funds FAQs
What are Mutual Funds for GIFT City?
Mutual Funds for GIFT City are associated with Offshore Mutual Funds. GIFT City is a financial hub that is also India’s first International Financial Service Centre (IFSC). Banks can set up IFSC Banking Units (IBU) in GIFT City and offer global financial services to Resident Indians, Non-Resident Indians, foreign nationals and businesses. These banking units offer Offshore Mutual Funds, where investors can benefit from global markets. They can access and invest in Mutual Funds across major currencies using a common platform.
How to invest in Offshore Mutual Funds for GIFT City?
With HDFC Bank, you can invest in a wide range of Mutual Funds for GIFT City online using a common platform that will be launched soon.
What are Alternative Investment Funds (AIF)?
AIF is a type of fund wherein money is privately pooled from Indian and foreign investors with high net worth. The minimum investment for an AIF is USD 150,000. For employees, managers and directors of the AIF, the minimum investment required is USD 40,000.
References:
https://ifsca.gov.in/Document/Developments/IFSCA_Funds_Digital.pdf
https://www.sebi.gov.in/sebi_data/attachdocs/1471519155273.pdf
