What are the 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.
Related Articles
What are GIFT city inbound mutual funds?
GIFT City inbound mutual funds are investment funds launched by reputed asset management companies registered in India’s International Financial Services Centre (IFSC) in GIFT City, Gujarat (India’s DIFC). These are tax free in India, foreign ...
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 ...
Who can invest in inbound Mutual Funds via Belong?
Belong provides inbound funds out of GIFT City which are only available to NRIs, OCIs and foreign nationals. This is because of all the tax advantages associated with the inbound funds as of now. We are currently providing these funds to NRIs and ...
Why are there such few funds available in GIFT city?
GIFT City is a new and upcoming financial hub set up by the government of India. The tax exemption to inbound mutual funds has been granted only in 2025, hence mutual fund companies have just started setting up their GIFT City funds. More funds are ...
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 ...