What this list is
HMRC maintains a register of offshore funds that have been approved as reporting funds. A UK investor in a fund on that list is taxed on disposal as a capital gain. A UK investor in one that is not is taxed as income.
The full file runs to more than 124,000 share-class rows across every jurisdiction. The table below is the India-exposed extract.
Three cautions before you read the table
- Status belongs to a share class, not to a fund. Finding the fund name is not the check.
- Status runs from a date. Most Indian entries only begin in April 2025, so a longer-held holding may have been non-reporting for part of its life.
- Status can cease. One GIFT City class came off the list on 31 March 2026.
How to check your own holding
Open HMRC's published file, search for your exact share class rather than the fund name, and check the dates it covers. Do it before you subscribe and again before you sell.
Reproducing this table
This extract may be reproduced with attribution and a link to this page. The underlying data is HMRC's and is published monthly; our extract states the file date it was taken from.
Which Indian funds are on the list right now
We parsed HMRC’s own published file, all 1,24,141 share-class rows of it, and pulled out everything India-domiciled or GIFT City. As at 4 August 2026 there are 18 parent funds holding reporting fund status across 69 share classes. 5 of those parents are GIFT City or IFSC funds.
So “no Indian fund has reporting status” is simply wrong. But the list is short, most entries are recent, and one has already come off it.
| Parent fund | Share classes | Reporting from | Status |
|---|
| 3PIM India Equity (IFSC) FundGIFT / IFSC | 6 | 01/04/2026 | On the list |
| Aikyam India Discovery Fund | 1 | 01/04/2026 | On the list |
| Ashoka WhiteOak Capital India Opportunities GIFT FundGIFT / IFSC | 1 | 01/04/2025 | A class ceased 31/03/2026 |
| Buoyant Capital AIF | 7 | 02/11/2023 | On the list |
| DSP Mutual Fund | 2 | 01/04/2025 | On the list |
| Equirus IFSC TrustGIFT / IFSC | 7 | 01/04/2025 | On the list |
| HDFC Mutual Fund | 4 | 01/04/2025 | On the list |
| ICICI Prudential Asset Management Company Limited | 6 | 01/04/2025 | On the list |
| ICICI Prudential Smart Navigator Fund (IFSC)GIFT / IFSC | 2 | 03/02/2026 | On the list |
| Invesco India Arbitrage Fund | 1 | 01/04/2025 | On the list |
| Invesco India Flexi Cap Fund | 1 | 16/10/2025 | On the list |
| Kotak Iconic Fund | 8 | 01/04/2023 | On the list |
| Kotak Optimus India Allocation Aggressive Scheme | 3 | 01/04/2023 | On the list |
| Kotak Optimus India Allocation Moderate Scheme | 3 | 01/04/2023 | On the list |
| Quantum Mutual Fund | 6 | 01/04/2025 | On the list |
| SageOne India Growth GIFT FundGIFT / IFSC | 9 | 01/04/2025 | On the list |
| Samarth Invest India | 1 | 01/04/2025 | On the list |
| Triton Fund - II | 1 | 07/02/2025 | On the list |
Source: HMRC, approved offshore reporting funds, file dated 4 August 2026. Counted as Indian where the ISIN is Indian, or the fund name says GIFT or IFSC. Grouped by parent; “reporting from” is the earliest date across that parent’s classes.
Read this table with three cautions. Status belongs to a share class, not to the fund, so finding the name here is not the check. It runs from a date, and most Indian entries only start in April 2025, so a longer-held holding may have been non-reporting for part of its life. And it can cease— one class here came off the list on 31/03/2026. Always confirm your own class against HMRC’s current file before you buy or sell.