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 OCIs.
Each fund has different eligibility criteria. Please check the individual fund's QnA in the Schemes available section. For eg. The Tata India Dynamic Equity Fund is not available to NRIs and OCIs from US and Canada.
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What are the 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 ...
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 ...
Does Belong give regular or direct Mutual Funds on the app?
Belong offers direct Mutual Funds so Belong also doesn't earn any commissions that eat into your returns. We are one of the few MF providers that give direct MFs to NRIs too. There are no additional fees or charges that we apply for Mutual Fund ...
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 ...