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 scheme documents attached.
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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 ...
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 ...
Can a resident Indian invest in Sundaram India Mid Cap Fund?
Sundaram India Mid Cap Fund is only open for NRIs and OCIs. Resident Indians are not allowed to invest in this fund.
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 ...