Does Belong give regular or direct Mutual Funds on the app?

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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 ...

• 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 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 ...

• Will I be investing in the fund's direct or regular plan on Belong?

  You will be investing in the fund's direct plan without any commissions.

• 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 ...