The Wealth Company opens GIFT City fund for overseas investors chasing India funds
What's the deal? Wealth Company Asset ManagementDealroom has a profile for this one. Try Dealroom → has launched an open-ended Category III Alternative Investment Fund (AIF) in GIFT City's International Financial Services Centre (IFSC). The Wealth Company IFSC FoF gives eligible non-resident investors US-dollar exposure to Indian mutual funds and ETFs through a single structure.
How does it work? Instead of picking individual schemes, investors gain access to the broad Indian fund universe — diversified equity, sectoral, fixed-income and hybrid schemes, index strategies, and gold and silver ETFs. The structure lets overseas investors avoid separately registering as a SEBI Foreign Portfolio Investor solely to reach that portfolio.
Who can invest? The fund targets NRIs, global family offices, institutional and accredited investors. Resident Indians are excluded, as are investors in the US, Canada, and FATF-restricted jurisdictions.
Why now? India's mutual fund industry has grown sharply. Assets under management reached ₹82.22 lakh crore as of June 30, 2026, up from ₹13.81 lakh crore a decade earlier, spread across more than 50 asset management companies and over 1,700 active schemes.
What could go wrong? The structure does not remove investment, currency, or market risks tied to Indian assets. Expected tax benefits under the Income-tax Act, 2025 are not automatic and depend on the fund qualifying as a "Specified Fund" and on each investor's circumstances.
The signal: GIFT City is pushing to become a cross-border investment hub. It hosted more than 200 Fund Management Entities and over 350 schemes as of March 2026, with AIF commitments of about $39.09 billion — and this fund adds one more channel for foreign money to reach Indian markets.
Read more: CNBC-TV18
