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. Let’s understand what GIFT City Funds are all about.
GIFT City, short for Gujarat International Finance Tec-City, is India’s first International Financial Services Centre (IFSC). Found in Gandhinagar, Gujarat and conceived in 2008 under the leadership of Prime Minister Narendra Modi, it is a world-class smart city with cutting-edge infrastructure.
The GIFT City is an attractive destination for global financial players. Positioned on the banks of the Sabarmati River, it serves as a high-tech hub for the Information Technology/ Information Technology Enabled Services (IT/ITeS), Banking, Financial Services, Insurance (BFSI), and other service sectors.
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.
GIFT City Funds fall under a few broad categories. The two primary categories are:
Here are some advantages of investing in GIFT City Mutual Funds:
GIFT City Mutual Funds can be suitable for the following:
You can invest in GIFT City Funds in the following ways:
Conclusion
GIFT City Funds, though relatively new, can open up exciting opportunities for you, including global exposure, diversification, and seamless investment in international markets. They also offer tax benefits. However, like all market-linked instruments, they carry risk. So, it is important to do your due diligence to ensure these funds align with your risk appetite and financial goals.
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MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS. READ ALL SCHEME-RELATED DOCUMENTS CAREFULLY
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.