GIFT City Unveils Exciting Global Investment Opportunities for HNIs

High Net Worth Individuals (HNIs) in India can now access customised global fund management services from GIFT City, an International Financial Services Centre (IFSC) located in Gujarat. This city offers various advantages including tax holidays to service providers and the flexibility to select any 10 years out of a block of 15 years. Many portfolio management services (PMSes) such as PhillipCapital and Marcellus have already set up shop in GIFT City. However, experts warn of the need to check fund managers’ expertise in international markets before investing in PMSes.

GIFT City is an IFSC, established to make India an international financial hub, and is the country’s first operational smart city with a focus on services across banking, insurance, asset management, and capital markets. It has been developed as a global financial and IT services hub. GIFT City is spread over 886 acres of land and is expected to host finance and technology firms, banks, and other financial institutions.

The city offers specific advantages for fund and asset managers. These include providing international fund management services to investors, both in India and abroad. GIFT City offers a global platform for fund-raising by Indian companies and global listings of Indian companies. It also permits foreign portfolio investors (FPIs) to have off-market transactions in securities issued by IFSC companies.

GIFT City has been designed as a one-stop financial destination for all financial operations. This IFSC offers world-class infrastructure, modern office spaces, commercial and residential spaces, social infrastructure such as a club, school, hospital, and a sports club.

India has one of the world’s fastest-growing economies, and GIFT City is crucial to the country’s growth story. The city offers world-class infrastructure and an attractive tax regime, providing HNIs exciting investment opportunities that meet global standards. However, before investing, one should always do due diligence and check the fund managers’ expertise in international markets.

Portfolio management services such as PhillipCapital and Marcellus have set up operations in GIFT City and are offering customised fund management solutions to HNIs in India. These firms provide a range of services such as advisory, investment, and execution, and cater to individuals, corporates, and institutions.

In conclusion, GIFT City provides exciting global investment opportunities for Indian HNIs. The city offers world-class infrastructure, attractive tax incentives, and the flexibility to choose any 10 years out of a block of 15 years, making it an attractive destination for fund and asset managers. However, before investing, one should always do due diligence and check fund managers’ expertise in international markets to make informed investment decisions.