Is TCS applicable when I invest?
Only resident individuals pay 20% TCS on LRS remittances above INR 10 lakh in a financial year. Banks collect and issue Form 27D.
Since GIFT city is considered off-shore in India, NRIs don't need to pay any TCS.
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Is TCS applicable when I invest in DSP Global Equity Fund (GIFT city)?
Only resident Indian individuals pay 20% TCS on LRS remittances above INR 10 lakh in a financial year. Banks collect and issue Form 27D. The TCS can be claimed back as refund during ITR filing or adjusted against any other outstanding tax liability.
Who can invest in this fund?
Both resident & non-resident Indians and foreign investors can invest in this fund. *US and Canada NRIs and residents are excluded.
Who can invest in DSP Global Equity Fund (GIFT city)?
Resident Indians, Non-Resident Indians*, OCI* (Overseas Citizens of India) as well as foreign investors* can invest in this fund. *Investors from US & Canada are not eligible to invest in this fund.
Who can invest in outbound mutual funds via GIFT city?
Anyone can invest in outbound mutual funds via GIFT City, including resident Indians, NRIs, Foreign Nationals, Family Offices, and Corporates, primarily using USD through their LRS (for residents) or FEMA routes for global diversification, with ...
What is the DSP Global Equity Fund (GIFT City)?
DSP Global Equity Fund is a USD-denominated, open-ended global equity fund set up in GIFT City. It invests directly in international stocks across countries and sectors. You can refer to the attached brochure: