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GIFT City / IFSC

TAX-EFFICIENT ONSHORE GATEWAY

Open an IFSCA-regulated brokerage or fund account inside GIFT City, Gujarat — India's onshore offshore financial centre.

The Onshore-Offshore Financial Hub

GIFT City provides an unprecedented opportunity to access global markets with the comfort of familiar onshore regulation, combined with offshore tax efficiencies. It acts as an International Financial Services Centre (IFSC) right inside Gujarat, India.

Tax Exemptions

Zero STT, Zero CTT, and Zero GST on transactions executed through the IFSC exchanges.

Dollar-Denominated

Accounts and transactions are in USD. Keep capital in foreign currency to avoid repeated FX conversion friction.

Institutional Quality

Access specialised AIFs, PMS, and global derivatives generally reserved for institutional wealth.

Unified IFSCA Regulator

Regulated by the IFSCA, without the headache of purely offshore tax havens.

⭐ FEATURED GUIDE

How to Invest in PPFAS GIFT City Funds

Step-by-step: CKYC, account opening, fund selection, and tax treatment explained.

Read Guide →
[ GIFT CITY INFRASTRUCTURE ]

Brokers & Exchanges

BANKS · BROKERS · EXCHANGES

HDFC IFSC Branch
BANK
USD Account Brokerage Demat
IFSC Banking Unit providing foreign currency accounts and demat/brokerage services in GIFT City.
India INX (BSE)
EXCHANGE
Global Stocks ETFs Derivatives
BSE's subsidiary exchange offering global stocks, ETFs, and derivatives. Retail trading via India INX Global Access.
NSE IX GA
EXCHANGE
US Stock DRs Derivatives
NSE's international arm offering unsponsored depository receipts of top US stocks like Apple, Tesla.
Dhan Co
BROKER
Global Stocks ETFs Mutual Funds Fixed Deposits
Retail broker offering access to global stocks, ETFs, mutual funds, and fixed deposits via GIFT City.
Zerodha
COMING SOON
Launching Soon
India's largest retail broker launching operations in GIFT City.
Launching Soon
Groww
COMING SOON
Launching Soon
Popular retail platform planning a GIFT City presence.
Launching Soon
Angel One
COMING SOON
Launching Soon
Angel One expanding into GIFT City for global access.
Launching Soon
Upstox
COMING SOON
Launching Soon
Upstox entering GIFT City to offer global investing capabilities.
Launching Soon
[ OUTBOUND FUNDS ]

Fund Directory

RETAIL · AIF · PMS

Market Structure: GIFT City categorises funds into three tiers. Retail Funds typically start from $5,000 but face fund-level taxation. AIFs often use Cayman/Irish routes to avoid churn tax but have lock-ins. PMS typically requires a $75,000 minimum with zero lock-in but attracts tax on rebalancing.
Marcellus Global Equities
RETAIL Starts from $5,000 top-up $2,000
Actively managed · Themes include AI, defence & luxury
Fund-level taxation 2% exit load <24m
DSP Global Equity
RETAIL Starts from $5,000 top-up $500
Invests primarily in US & Europe · Rest in Japan & China
Fund-level taxation
Parag Parikh IFSC S&P 500 Fund of Fund
RETAIL Starts from $5,000 top-up $500
Tracks the S&P 500 Index · Passively managed
Fund-level taxation
Read More →
Parag Parikh IFSC Nasdaq 100 Fund of Fund
RETAIL Starts from $5,000 top-up $500
Tracks the Nasdaq 100 Index · Passively managed
Fund-level taxation
Read More →
Edelweiss Greater China
RETAIL Starts from $5,000 top-up $500
China · Taiwan · Hong Kong · Low valuation play
Fund-level taxation
Marcellus GCP Fund
AIF Typically $150,000 top-up $10,000
Significant exposure to US · Rest EU & Canada
No churn tax (Cayman) 2-year lock-in
Ionic Global Innovation
AIF Typically $150,000 top-up $10,000
Invests primarily in US & Europe · Fortnightly redemption
No churn tax (Cayman)
Ashoka WhiteOak EM
AIF Typically $150,000 top-up $10,000
Emerging Markets ex-India · Feeds into Irish UCITS
No churn tax
ABSL Global Bluechip
AIF Typically $150,000 top-up $10,000
Significant exposure to US · Rest EU & Others · Feeder structure
4-year lock-in
Mirae Asset Global Allocation
AIF Typically $150,000 top-up $10,000
Primarily Developed Markets · Rest Emerging Markets · Close-ended
3-year lock-in
Baroda BNP US Smallcap
AIF Typically $150,000 top-up $10,000
Invests exclusively in US Small-Cap · Concentration risk
2-year lock-in
Rational Gold & Silver
AIF Typically $150,000 top-up $10,000
Invests primarily in Gold miners · Rest Silver · Sector concentration
Commodity Risk
Unifi G20 Fund
AIF Typically $150,000 top-up $10,000
Invests primarily in US · Rest Taiwan · Tech niche
2-year lock-in Tech concentration
PPFAS Global Strategy
PMS Typically $75,000 top-up $25,000
Global companies with diversified revenues
Zero exit load Tax on churn
Phillip Int. Pioneer Portfolio
PMS Typically $75,000 top-up $25,000
Significant exposure to US · Rest Japan/Taiwan · ETF-based
Tax on churn
Marcellus GCP PMS
PMS Typically $75,000 top-up $25,000
Significant exposure to US · Rest EU & Canada
Zero exit load Tax on churn
No funds match your search.
[ FAQ ]

Frequently Asked Questions

Yes. Remittances to GIFT City accounts are treated as LRS outflows under FEMA and count toward your annual $250,000 limit per individual. However, funds already inside GIFT City can be reinvested within the IFSC without triggering further LRS usage.
Retail Funds start at $5,000 and are open to all investors, but gains are taxed at the fund level as the fund rebalances — similar to an Indian debt mutual fund. AIFs require $150,000 minimum, often use Cayman or Irish structures to avoid this churn tax, but typically have 2–4 year lock-in periods.
Schedule FA disclosure in your ITR is required for overseas financial assets. Tax treatment and reporting requirements can depend on the nature of the asset and prevailing regulations. Consult a CA familiar with FEMA and IFSCA regulations.
CKYC (Central KYC) is a single KYC registration valid across all regulated financial entities in India including IFSCA. Most GIFT City funds and brokers require a valid CKYC number before onboarding. You can complete CKYC via SEBI-registered intermediaries or certain banks.
Yes. NRIs can invest in GIFT City funds subject to FEMA regulations and the specific fund's eligibility criteria. Some funds restrict US/Canada persons due to FATCA/compliance reasons. Check with the individual fund house before investing.