GIFT City Funds are a new class of mutual funds launched by Asset Management Companies (AMCs) operating within the Gujarat International Finance Tec-City (GIFT City) ecosystem. These funds can offer you with compelling opportunities to diversify your investment portfolio.
What are GIFT City Funds?
GIFT City Funds are mutual funds launched by AMCs through banking units based in GIFT City’s IFSCs. These funds are regulated by the International Financial Services Centre Authority (IFSCA) and are typically structured as offshore mutual funds. They allow both Indian and international investors to gain exposure to global markets.
GIFT City Mutual Funds invest in a wide range of international securities, including equity and debt. They invest and transact in multiple currencies, all from a single platform. This makes it easier for you to diversify your portfolios internationally.
Types of GIFT City Funds
GIFT City Funds fall under a few broad categories. The two primary categories are:
- Alternative Investment Funds (AIFs): Types of AIFs available in GIFT City include:
- Real Estate Funds
- Private Equity Funds
- Hedge Funds
- Infrastructure Funds
- Portfolio Management Services (PMS): They come in different forms:
- Discretionary PMS
- Non-Discretionary PMS
- Advisory PMS
- Focused PMS