IndiaFundSearch
Sheet 06 — The Second Passport for Capital

GIFT City. Legally India.
Financially, the world.

GIFT City (Gujarat International Finance Tec-City) is a special jurisdiction — legally inside India, but operating in US dollars under its own regulator (IFSCA). Money can flow in from overseas investors and out to global markets — both without the old friction. We currently curate products on both routes.

Route A

Inbound — Into India

For NRIs, OCIs & foreign investors

  • Invest in US dollars — no NRE/NRO bank account needed
  • Full repatriation — capital and gains move freely, no FEMA friction
  • No Indian tax filing — most IFSC funds handle tax at the fund level
  • Indian strategies, offshore wrapper — concentrated equity, market-neutral, private credit
  • One relationship — dollar statements, single point of contact
USD SUBSCRIPTIONIFSCA REGULATEDNRI-FIRST TAX TREATMENT
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Route B

Outbound — Go Global

For resident Indians via LRS

  • A currency hedge that pays — dollar assets against long-run rupee depreciation
  • Themes India doesn’t list — GenAI & semis, Greater China, EM ex-India, global macro
  • Multi-geography allocation — US, Europe & emerging markets in one sleeve
  • LRS route — US $2,50,000 per person per year
  • Indian paperwork, familiar KYC — no foreign brokerage account to maintain
LRS ROUTEDOLLAR ASSETSINDIAN PAPERWORK
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Why this jurisdiction exists

The old friction

Investing across borders used to mean NRE/NRO mazes, currency conversion, TDS surprises and resident-style filings — enough friction that most capital simply stayed put.

The GIFT answer

Funds domiciled in GIFT IFSC operate in US dollars under IFSCA. Overseas money reaches Indian strategies — and Indian money reaches global markets — inside one clean, regulated wrapper.

The honest caveat

Tax treatment is fund-specific and residency-specific. Every GIFT decision here ends with one conversation with your CA — but it starts from a far simpler place than the old maze.

Read: GIFT City for NRIs →Read: GIFT City Outbound →The full material specification →Tax schedule (Resident / NRI) →