The inbound shelf, by category

India-dedicated funds accessible through GIFT City, for NRIs, OCIs and foreign investors, subscribed in US dollars.

  • Indian equity. The largest group. Mid-cap, small-cap, multi-cap and concentrated mandates, plus a passive Nifty 50 route. Mostly IFSC feeder vehicles into a Category III AIF; a few are Category III AIFs directly.
  • Fixed income. Indian government securities, infrastructure debt and real estate debt, through Category II AIF feeders.
  • Unlisted. Private equity secondaries, through a Category II AIF feeder.

The outbound shelf, by role

Global funds for resident Indians under the liberalised remittance scheme, grouped by the job each does in a global sleeve: innovation and growth, diversification and a rupee hedge, and alternatives and absolute return. Domiciles include GIFT City and offshore centres; the domicile of each is shown on the shelf.

What the minimums look like

Most inbound routes start at US $150,000, the IFSCA restricted-scheme floor. Two retail-scheme routes start far lower. Several houses set a materially lower minimum for investors accredited under the IFSCA rules; the shelf marks those and states the figure.

Why the names are not on this page

These are private placements and restricted schemes. Listing them on an open page would be an offer to the public that the structures are not built for, and it would put fund names in front of readers the funds may not accept. So the named shelf sits behind a one-line eligibility declaration and is served only after it.

The curated list is dated, reviewed monthly, and states for each fund the structure, the minimum and whether the house accepts investors from the US, the UK and Canada, as confirmed with each house.

How to read it

Start with where you file your taxes, not with the fund. The same GIFT City fund is treated three different ways in the US, the UK and the UAE. Then read the corridor guide for your country, then the shelf. Confirm the position for your own facts with a chartered accountant in India and, if you are taxed abroad, with a professional in that country. GIFT City rules are fund-specific and residence-specific.