What are the tax benefits & other advantages of GIFT City inbound mutual funds?
GIFT City inbound mutual funds are exclusively for NRIs/OCIs and global investors. The main benefits are:
Tax benefits - No capital gains tax, dividend tax, or withholding tax in India.
USD denomination - Invest and redeem in USD, avoiding INR conversion hassles.
No NRE/NRO account required - Invest freely from your foreign bank account. You can also invest from your NRE/NRO accounts but its not mandatory.
Easy repatriability - Redeem & repatriate your funds back to your country of residence without any restrictions on amount or complex paperwork.
Low ticket size - Retail funds start as low as USD 500, making them more accessible than AIFs or PMS products.
Digital Convenience - GIFT city mutual funds powered by Belong, give a seamless digital onboarding, funding, and investing experience.
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