Versuchen GOLD - Frei
MFs Tap GIFT City for Global Retail Push
Business Standard
|June 17, 2025
Tax perks, relaxed norms, global appetite drive retail shift
At least five mutual fund (MF) houses, including Mirae Asset Investment Managers (India) and Tata Asset Management, are planning to launch retail schemes in the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC) to tap into non-resident Indians (NRIs) and local individuals seeking overseas exposure.
These would be the first retail schemes from the financial hub, which has so far attracted interest mainly from alternative investment funds.
While two fund houses have firmed up their plans and are expected to launch schemes in the coming months, sources said three more have approached the International Financial Services Centres Authority (IFSCA), the unified regulator for IFSC.
Mirae Asset plans to launch within a few months, while Tata Asset has filed for approval from IFSCA. The approvals may take 30-45 days as the regulator carries out additional due diligence for retail schemes, an executive said.
Diese Geschichte stammt aus der June 17, 2025-Ausgabe von Business Standard.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business Standard
Business Standard
From safe bets to sore spots — and maybe back again
2025 turned FMCG, IT, and pharma into market laggards. Yet with earnings stable and valuations cooling, their next move could surprise
2 mins
November 06, 2025
Business Standard
Brookfield Reit seals India's record office real estate deal
Brookfield India Real Estate Trust (Reit) has signed binding agreements to acquire Ecoworld, a Grade-A office campus spanning 7.7 million square feet (msf) in Bengaluru, for ₹13,125 crore.
2 mins
November 06, 2025
Business Standard
India-Japan partnership enhances stability in Indo-Pacific: Jaishankar
The India-Japan partnership enhances the strategic stability in the Indo-Pacific region and contributes to economic growth at the global level, External Affairs Minister S Jaishankar said on Wednesday.
1 min
November 06, 2025
Business Standard
MF equity buying in October lowest in 6 months
NET INFLOWS INTO ACTIVE EQUITY SCHEMES HAVE MODERATED SINCE HITTING AN ALL-TIME HIGH OF 342,702 CR IN JULY. IN SEPTEMBER, INVESTORS HAD PUT IN $30,422 CR
1 min
November 06, 2025
Business Standard
'India, US holding continuous talks for trade pact'
Commerce and Industry Minister Piyush Goyal on Wednesday said India and the US are holding continuous discussions for the proposed bilateral trade agreement.
1 min
November 06, 2025
Business Standard
'A titan of business and a true gentleman'
Iam deeply saddened by the passing of my dear friend Gopichand Hinduja.
3 mins
November 06, 2025
Business Standard
Cement, chemicals drive Grasim net profit up 76%
Grasim Industries on Wednesday reported a 76 per cent rise in consolidated profit in the September quarter (Q2 FY26) to%553 crore from the year before, driven by its cement and chemicals businesses making higher profits and traction for new-age segments.
1 mins
November 06, 2025
Business Standard
MF equity buying in Oct lowest in 6 mths
Experts attribute this to profit booking, elevated valuations
2 mins
November 06, 2025
Business Standard
Embassy Reit posts 15% increase in NOI
Embassy Office Parks Reit on Wednesday reported a 15 per cent increase in its net operating income (NOI) to ₹927 crore for the second quarter of this fiscal year.
1 min
November 06, 2025
Business Standard
Paytm bets on AI-led revenue growth, cost-efficiency
After helping rein in costs, Paytm’s artificial intelligence (AD)-led product focus is expected to further drive revenue growth, founder and chief executive officer (CEO) Vijay Shekhar Sharma said on Wednesday.
1 mins
November 06, 2025
Listen
Translate
Change font size