Alternative Investment Funds (AIFs) are privately managed investment vehicles that pool capital from sophisticated or accredited investors into specific strategies.
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. ...
To qualify as an accredited investor in GIFT City (IFSC), an individual must meet either of the following: annual income of at least USD 200,000 in the preceding year, with an expectation of earning the same in the current year; or net worth of at ...