How will my gains be taxed?
Gains from this fund like all inbound Mutual Funds are tax free in India. There will be no TDS or withholding tax on withdrawal. You are not required to file any ITR in India for this fund. You may have to pay taxes in your country of residence as per local tax laws.
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Will I be investing in the fund’s direct or regular plan?
You will be investing in the fund’s direct plan without any commissions.
How long will it take for my units to be credited?
If you invest before 5PM IST (T), you will receive the NAV of T+2 working days, and your units will be allocated on T+3 working days. Investments after 5PM are not considered as T; in this case, T will be the next working day. Please note that ...
What happens to my Mutual Fund investments if I become a resident Indian?
Since inbound Mutual Funds are exclusively for NRIs, it’s ideal that you redeem all your GIFT city mutual fund (inbound/investing into India) investments prior to becoming a resident Indian. If not redeemed before becoming a resident Indian, the ...
What is the Tata India Dynamic Equity Fund (IFSC - GIFT City)?
It is a retail feeder fund launched by Tata Asset Management at GIFT City, India’s international finance hub. The fund invests in Tata Mutual Funds in India across large-cap, mid-cap, small-cap, ETFs, and sector/thematic funds, offering NRIs a ...
What are the tax benefits of investing in inbound MFs via GIFT City?
Investments in retail feeder funds in GIFT City are tax free in India (no capital gains tax, no dividend tax, no withholding tax) at both investor & fund level. These are exclusively for NRIs, OCIs and foreign nationals. You may still need to declare ...