What are the salient features of investing in outbound mutual funds via GIFT city?

What are the salient features of investing in outbound mutual funds via GIFT city?

Key Salient Features include:
  1. Global Diversification: Direct access to international markets, ETFs, and global themes not easily available through domestic funds.
  2. Currency Flexibility: Funds are denominated in USD, avoiding rupee-dollar conversion risk and capturing currency appreciation benefits.
  3. Tax Efficiency (for Residents): Exemption from transaction taxes (STT, CTT, GST) on trades within GIFT City exchanges, plus potential capital gains tax benefits for NRIs.
  4. Streamlined Process: Simplified, regulated investment and repatriation benefits.
  5. Investor Types: Open to resident Indians, NRIs, OCIs and foreign investors. Please note foreign investors are currently not onboarded on Belong.
Watch this video to know all about GIFT City outbound mutual funds:
https://www.youtube.com/watch?v=Q2_U6zFVvlg

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