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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

- GAUTAM NAYAK

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.

Mint Ahmedabad से और कहानियाँ

Mint Ahmedabad

Banks, state firms plan $3.5 bn bond sales before GDP, RBI policy

Indian lenders and state-run firms are racing to raise up to $3.5 billion through bonds ahead of India’s GDP data and monetary policy decision amid concerns that interest rates might not be slashed, bankers said on Monday.

time to read

1 min

November 25, 2025

Mint Ahmedabad

Mint Ahmedabad

PayU India turns Ebitda positive in Jul-Sep

ayment services provider PayU India turned profitable in the September quarter, with adjusted Ebitda turning positive at $3 million from a loss of $6 million a year ago largely due to a growth in its merchant-lending business.

time to read

1 mins

November 25, 2025

Mint Ahmedabad

Mint Ahmedabad

Govt rejects Trai's proposal for satellite internet subsidy

DoT says ₹1.7 tn digital infra commitments leave no room for remote area satcom sops

time to read

3 mins

November 25, 2025

Mint Ahmedabad

Mint Ahmedabad

Wipro VC eyes exits, packaged food bets

Wipro Consumer Care Ventures, the venture capital arm of consumer goods major Wipro Consumer Care & Lighting, is looking to cash out of some of its investments from its first fund of ₹200 crore.

time to read

2 mins

November 25, 2025

Mint Ahmedabad

Vibe coding: Make way for intuition-driven software

New jargon emerges regularly in the world of software development. Most terms vanish quickly, but ever so often, a term bubbles up from the cultural stew and goes mainstream—not because it introduces a breakthrough technology, but because it captures a shift in how people think about software development. ‘Vibe coding’ is one such phrase. It’s a term that reveals more about the future of programming than its whimsical name suggests.

time to read

3 mins

November 25, 2025

Mint Ahmedabad

The trouble with 'good vibes only' spirituality

Wellness culture on social media idealizes positivity at the cost of depth. Experts warn that this shift can encourage emotional avoidance

time to read

2 mins

November 25, 2025

Mint Ahmedabad

India’s buffalo-milk mozzarella melting its way into global markets

India is emerging as an unexpected player in the global mozzarella market, upending a space long dominated by Western suppliers.

time to read

1 mins

November 25, 2025

Mint Ahmedabad

Mint Ahmedabad

Sebi eyes tweaks to basic demat services to boost investments

The facility was launched in 2012 to reduce demat charges on small investors.

time to read

1 mins

November 25, 2025

Mint Ahmedabad

Let AI sow the seeds of an intelligent farming revolution

India's farmers have long carried the nation's food security on their shoulders.

time to read

3 mins

November 25, 2025

Mint Ahmedabad

SIM misuse risk falls on users

Mobile subscribers may be held liable if a SIM card procured in their name is found to have been misused for cyber fraud or other illegal activities, an official statement said on Monday.

time to read

1 min

November 25, 2025

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