GIFT City Funds for NRIs and Residents
Invest in India's Premier Global Financial Hub
Gujarat International Finance Tec-City (GIFT City) is India’s first operational International Financial Services Centre (IFSC). Today, GIFT City investment for NRI investors offers a regulated, foreign-currency-denominated route to participate in India’s growth story.
Because GIFT City operates under globally competitive regulations (IFSCA), NRIs and foreign investors gain access to USD-denominated AIFs, mutual funds, and alternative investment products through a single, streamlined framework.
At Kalviro Ventures, we offer selective, curated GIFT City investment opportunities from India’s leading asset managers. Whether you seek exposure to Indian equities, global assets, or alternative funds – our platform connects you with the right products and expert guidance at every step.
New to GIFT City? Read our GIFT City investment guide for NRIs, or compare the GIFT City funds list.
Why NRIs Use GIFT City Funds
Investing via GIFT City gives NRIs and foreign investors significant structural advantages. It has quickly become the preferred channel for globally mobile capital looking to access India’s economic growth.
NRI Access to Global and Indian Markets Through GIFT City
GIFT City enables you to invest in:
Indian equities & debt instruments
AIFs, mutual funds, ETFs
Offshore products
…all in foreign currencies (USD, EUR, GBP). This helps you avoid traditional cross-border investment hurdles and simplifies currency management.
How GIFT City Funds Are Taxed for NRIs
GIFT City investment for NRI investors has its own tax rules, and the benefit depends on what the fund holds and where you live. Our GIFT City tax myths guide explains what is and is not exempt.
IFSCA — The Regulatory Framework Behind GIFT City Investment
The International Financial Services Centres Authority (IFSCA) oversees all GIFT City activities. IFSCA streamlines account opening, offers multi-currency banking, and relaxes compliance for NRIs and foreign investors – making the platform far more accessible than traditional offshore routes.
Robust Governance and Investor Protection
GIFT City aligns its regulations with international standards. IFSCA ensures:
Strong investor protection
Regulatory clarity
Transparent & efficient proceedings
GIFT City Products Available to NRIs
The GIFT City ecosystem hosts a wide range of funds from India’s leading asset managers, including:
Alternative investment funds (long-term growth)
Multi-cap equity mutual funds
Thematic sectoral funds
Quant-driven strategies & ETFs
You can build a genuinely diversified portfolio within a single regulated framework.
Minimum Investment in GIFT City Funds
Most GIFT City investment products target sophisticated investors. The standard minimum investment starts at USD 150,000 for most AIFs and offshore mutual funds on our platform.
New flexibility: A few recent funds now allow entry from USD 75,000 for accredited investors. However, USD 150,000 remains the benchmark across most schemes Kalviro Ventures currently offers.
GIFT City Funds Available Through Kalviro Ventures
| Fund House | Product Name / Type | Minimum Investment | Key Features |
|---|---|---|---|
| Alchemy Capital | Alchemy India Long Term Fund (Cat III AIF) | USD 150,000 | Benchmark-agnostic, long-only equity fund (20–40 high-conviction Indian stocks). Migrated from Mauritius to GIFT City (2023). “Growth at Reasonable Price” philosophy – CIO Hiren Ved. |
| Motilal Oswal | Motilal Oswal Gift City India Equity Fund of Funds (Cat III AIF) | USD 150,000 | Open-ended USD FoF (2024) feeding into Motilal Oswal Large & Midcap Fund (~35 stocks). Tax-efficient IFSC structure for diversified large & mid-cap India exposure. |
| Carnelian AMC | India Amritkaal Fund (Cat III AIF) | USD 150,000 | Offshore version of Carnelian’s Bharat Amritkaal Fund. USD flexi-cap fund (25–30 stocks) across banking, manufacturing, exports, infrastructure, consumption – using QGARP framework. |
| Aditya Birla Sun Life | ABSL Global Bluechip Equity Fund & ABSL India Flexicap Fund | USD 150,000+ | Two IFSCA-regulated USD funds: Global Bluechip (international large-cap) and India Flexicap (broad Indian equity). Tax-efficient. |
| PhillipCapital | Phillip India Billion Opportunities Fund | USD 150,000 for Accredited Investor 50,000 USD | Active flexi-cap strategy capturing India’s growth trends. Lower entry of USD 50,000 for accredited investors. |
| Mirae Asset | Mirae Asset India Equity Allocation Fund (Cat III AIF) | USD 150,000 | Open-ended USD feeder fund – 70%+ into SEBI-registered Indian mutual funds, up to 30% in high-growth sectors (manufacturing, consumption). Full capital repatriation under IFSCA. |
| Motilal Oswal Alternative Investment (IFSC) Trust | Motilal Oswal Founder’s Strategy | USD 150,000 for Accredited Investor 50,000 USD | High-conviction, flexi-cap, long-only strategy focused on promoter-driven Indian companies (min. 26% founder holding). Targets top 500 listed companies. |
| Neo Secondaries Fund Gift City Fund | Category II AIF / Private Equity | Min. USD 150,000 | Acquires secondary stakes in EBITDA-positive PE/VC-backed Indian companies. Targets 12–15 companies (consumer, BFSI, healthcare, tech). |
| Bharat Value Fund IFSC Fund | Category II AIF / Private Equity | Min. USD 150,000 | Offshore version of ₹4,000+ crore Bharat Value Fund. Invests in high-growth mid-market Indian businesses. |
Why NRIs Work with Kalviro Ventures on GIFT City Funds
Expertly Curated Opportunities
We give you access to IFSCA-compliant funds from India’s leading asset managers. Every product is evaluated for risk alignment and long-term wealth goals.
Personalized Portfolio Guidance
Every investor is unique. Our team provides one-to-one conversations covering your goals, risk tolerance, liquidity needs, and regulatory environment – so your GIFT City portfolio stays strategically positioned.
Simplified Onboarding & Compliance Assistance
Cross-border investing involves complex documentation. Our dedicated team guides you through multi-currency account setup, KYC, regulatory filings, and fund subscriptions – making the process smooth and transparent.
Tax Considerations, Explained
Our experts help structure your GIFT City portfolio to fully capitalize on available tax incentives – improving after-tax returns while keeping you fully compliant with IFSCA and Indian tax laws.
Ongoing Portfolio Reviews and Market Insights
We provide regular performance updates, portfolio reviews, and market insights – so you stay informed of current market conditions and regulatory changes.
