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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.

FLERE HISTORIER FRA Mint Ahmedabad

Mint Ahmedabad

Mint Ahmedabad

April-August fiscal gap rises to ₹5.98 tn

India's fiscal deficit rose in the first five months of 2025-26, as compared with the same period last year, due to higher government capital expenditure while net tax revenue declined.

time to read

2 mins

October 01, 2025

Mint Ahmedabad

Mint Ahmedabad

US energy giants eye India LNG network

US energy giants Exxon-Mobil Corp. and Chevron Corp. are eying entry into India's LNG infrastructure business, including terminals and pipelines, said two people in the know, even as the two nations look to thrash out differences over New Delhi's Russian oil imports.

time to read

1 min

October 01, 2025

Mint Ahmedabad

Mint Ahmedabad

Namma Yatri shifts gears: Cabs power revenue growth engine

Bengaluru-based mobility startup Namma Yatri, which launched on-demand auto-rickshaw services three years ago, now generates a significant share of its revenue from cabs as it expands into Bhubaneswar, Chennai and Kolkata.

time to read

1 mins

October 01, 2025

Mint Ahmedabad

Furlenco reinvents furniture rentals

Furniture rental startup Furlenco is doubling down on its premium offerings to fuel growth as it prepares for a public listing, according to founder and chief executive Ajith Karimpana.

time to read

2 mins

October 01, 2025

Mint Ahmedabad

Mint Ahmedabad

Toyota, i-banks in talks for India IPO

Discussions in early stages, IPO may raise up to $800 mn

time to read

1 min

October 01, 2025

Mint Ahmedabad

'Surrendering posts to affect rail safety'

The Railway Board's move to surrender 29,243 posts in 2025-26 despite thousands of vacancies will compromise safety and operational efficiency, Shiv Gopal Mishra, general secretary of All India Railwaymen's Federation (AIRF), has said.

time to read

1 min

October 01, 2025

Mint Ahmedabad

Double the fun? Split-screen videos rewriting content consumption

Scroll through any social media feed today, and you are bound to see it: the screen sliced in two, with parallel videos running side by side.

time to read

2 mins

October 01, 2025

Mint Ahmedabad

Gold climbs ₹500 to touch ₹1.2 lakh/10g

Gold prices on Tuesday climbed ₹500 to touch record ₹1.20 lakh per 10g in the national capital on a weak dollar and expectations of further rate cuts by the US Federal Reserve.

time to read

1 min

October 01, 2025

Mint Ahmedabad

Satellite firms seek separate permit in draft telecom rules

The draft policy has grouped all telecom services in four categories, ignoring unique needs of satellite internet providers

time to read

2 mins

October 01, 2025

Mint Ahmedabad

Exporters open up new avenues as US tariffs kick in

Exports to China climbed 22.4% to $1.22 billion. BLOOMBERG

time to read

1 mins

October 01, 2025

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