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 returns in your country of residence as per local tax laws.
Watch this video to know all about GIFT City inbound mutual funds:
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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 ...
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 ...
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 ...
What is the Sundaram India Mid Cap Fund (IFSC - GIFT City)?
The Sundaram India Mid Cap GIFT Fund is an inbound feeder fund that seeks to provide long term capital growth by investing in the units of Sundaram's domestic Mid Cap mutual fund. For more information about the fund, you can refer to the brochure and ...
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 ...