What are GIFT city outbound mutual funds?
GIFT City outbound mutual funds are new-age, offshore funds launched from Gujarat's International Financial Services Centre (GIFT IFSC) that allow Indian investors (and others) to easily invest in global markets like the US, Europe, and Asia, denominated in foreign currencies (like USD) for better diversification and currency benefit, regulated by IFSCA.
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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 are the salient features of investing in outbound mutual funds via GIFT city?
Key Salient Features include: Global Diversification: Direct access to international markets, ETFs, and global themes not easily available through domestic funds. Currency Flexibility: Funds are denominated in USD, avoiding rupee-dollar conversion ...
What returns can I expect from Outbound Mutual Fund investments via GIFT City?
For outbound mutual funds, the value of investments may fluctuate with stock market volatility. Returns are not guaranteed. Equity Mutual Funds are known to be more volatile in the short term but have historically given 10-14% in the long term (5-7 ...
Why can I see only 1 outbound fund available in GIFT city?
GIFT City is a new and upcoming financial hub set up by the government of India. Hence mutual fund companies have just started setting up their GIFT City funds. More funds are expected in the next few months. As and when funds get launched in GIFT ...
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: