The ABSL India Flexicap Fund (IFSC) is a Category III AIF managed by Aditya Birla Sun Life AMC Limited, based in GIFT City’s IFSC. It is an inbound equity fund that invests into the domestic ABSL Flexicap Fund in India.
There are no taxes at the investor level for GIFT City-based AIFs. All categories of GIFT City funds are taxed at the fund level, that is the fund house pays taxes on capital gains, and the NAV investors receive is net of any taxes already paid. ...
Alternative Investment Funds (AIFs) are privately managed investment vehicles that pool capital from sophisticated or accredited investors into specific strategies.