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RETAIL FUNDS IN GIFT CITY: WHAT INVESTORS MUST KNOW ABOUT TAX IMPLICATIONS
Mint Ahmedabad
|July 10, 2025
Find out if the trust is specific or discretionary—it will decide who pays tax and at what rate
A new global gateway has opened for Indian retail investors. A GIFT City-based subsidiary of an Indian mutual fund has launched the country's first open-ended retail fund under the International Financial Services Centres Authority (IFSCA) regulations, marking a key milestone in outbound investment access.
While this opens up a new route for resident Indian investors to gain exposure to global equities, the absence of specific tax provisions for such GIFT City-based retail funds makes it essential to understand how both the fund structure and its investors will be taxed under Indian law.
This story is from the July 10, 2025 edition of Mint Ahmedabad.
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