GIFT City IFSC
GIFT City outbound funds tracker
Compare outbound fund structures for global investing through GIFT City across retail funds, AIFs, and PMS mandates for NRIs, globally mobile families, and HNI investors.
Total funds
14
Retail options
4
Factsheets linked
11
With return data
6
Fund screener
Filter by structure and search fund notes, allocation summaries, or tradeoffs.
DSP
Focus on value, 30-50 stocks, market cap and country agnostic
Allocation
40% in US, 32% in EU, with the balance across Japan and China.
What stands out
Lower ticket size of $5,000.
Watchout
Fund-level taxation means other investor exits can increase your tax burden.
PPFAS Nasdaq 100
Invests in Nasdaq 100-linked UCITS and ETFs with a passive style.
Allocation
Roughly 90% in the index and 10% in cash or debt for liquidity.
What stands out
Lower ticket size of $5,000 with an indicated fee near 0.4%.
Watchout
Higher valuations and concentration risk with about 64% in tech.
PPFAS S&P 500
Invests in S&P 500-linked UCITS and ETFs with a passive style.
Allocation
Roughly 90% in the index and 10% in cash or debt for liquidity.
What stands out
Lower ticket size of $5,000 with an indicated fee near 0.5%.
Watchout
Higher valuations and concentration risk with about 33% in tech.
Edelweiss Greater China Fund
Feeds into the JP Morgan China Fund.
Allocation
China, Taiwan, and Hong Kong exposure.
What stands out
Access to the China theme at materially lower valuations than India.
Watchout
Single-region concentration risk.
Ionic
Focus on mid-tier IT companies.
Allocation
Invests across markets, with roughly 45% in the US and 25% in Europe.
What stands out
No churn tax through the Cayman Islands route.
Watchout
Fortnightly redemption only.
Mirae
Invests in ETFs across global markets.
Allocation
Roughly 50-70% in developed markets and 30-50% in emerging markets.
What stands out
Wider diversification through ETFs.
Watchout
Three-year lock-in, drawdown-based investing, and no upfront deployment.
Baroda BNP Paribas
Feeds into the BNP Paribas US Small Cap Fund using a bottom-up approach.
Allocation
100% exposure to US small caps.
What stands out
Underlying fund reportedly outperformed in 10 of the last 12 years and has experienced management.
Watchout
Small-cap concentration risk and a two-year lock-in.
Marcellus
Bottom-up approach with 25-30 stocks across market caps.
Allocation
Roughly 62% in the US, with the balance in Europe and Canada.
What stands out
No churn tax through the Cayman Islands route.
Watchout
Two-year lock-in.
ABSL
Feeder fund into Lyptus Capital Master Fund LP with a 25-30 stock portfolio.
Allocation
Roughly 66% in the US, with the rest across Europe and other markets.
What stands out
Fund manager experience noted from a 15-year Fidelity background.
Watchout
Low flexibility because of the feeder structure and a four-year lock-in.
Rational
Invests in gold and silver mining stocks.
Allocation
Roughly 80% in gold miners with the rest in silver exposure.
What stands out
Underlying stocks are presented as reasonably valued.
Watchout
High concentration risk in gold.
WhiteOak
Bottom-up, long-only approach.
Allocation
Emerging markets ex-India across Asia, Latin America, the Middle East, and select developed markets.
What stands out
No churn tax, with the fund feeding into an Irish-domiciled UCITS structure.
Watchout
Emerging market concentration risk.
PhillipCapital
Fundamental approach using US-listed ETFs across sectors.
Allocation
Roughly 67% in the US, with the balance in Japan, Taiwan, and other markets.
What stands out
Wider diversification through ETFs.
Watchout
Tax on churn.
Marcellus
Bottom-up approach with 25-30 stocks across market caps.
Allocation
Roughly 62% in the US, with the rest in Europe and Canada.
What stands out
Flexible fee structure with zero exit load.
Watchout
Tax on churn.
PPFAS
Value investing with 25% sector caps and 10% single-company caps.
Allocation
Global companies with diversified revenue bases.
What stands out
Lower fees and zero exit load.
Watchout
Tax on churn.
Deep dives and analysis
Supporting reading around GIFT City IFSC structures and cross-border product design.
Mirae Asset Global Allocation Fund: Access Global Markets
How the Mirae Asset Global Allocation Fund from GIFT City gives NRIs and global investors access to diversified international markets through a single fund structure.
Edelweiss Launches Greater China Equity Fund in GIFT City
Edelweiss brings a Greater China-focused equity fund to GIFT City IFSC, offering access to Chinese and Hong Kong equities through an open-architecture approach.
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Your guide to GIFT City outbound funds
The recurring decision points behind structure, lock-in, and tax treatment.
Working note
This page is a copied tracker view for research and comparison. Fund structures, return snapshots, factsheet links, lock-ins, and tax treatment can change. Verify against current fund-house documentation before using it in any advice or execution flow.