Funds and asset management
Fund management is a core business line in GIFT IFSC. IFSCA reports cumulative fund commitments above USD 45 billion as on June 2026. The governing instrument is the IFSCA (Fund Management) Regulations, 2025, amended up to 10 September 2026.
What you can set up
- A Fund Management Entity (FME), registered in the category that fits its schemes and investors.
- Venture capital, restricted and retail schemes.
- Family investment funds for a single family.
- Portfolio management services.
- Pension funds under the IFSCA (Pension Fund) Regulations, 2026 (2 April 2026).
Recent
IFSCA issued a framework for differential distribution in venture capital and restricted schemes (September 2026), a circular on fiduciary appointments for FME schemes (10 April 2026) and an extension of certification timelines for FME KMPs.
Guides in this section
Fund Management Entities
A Fund Management Entity (FME) manages funds and portfolios from GIFT IFSC. It registers with IFSCA under the Fund Management Regulations, 2025, and launches schemes by filing with IFSCA.
Read the guide →FME registration categories compared
The Fund Management Regulations, 2025 provide distinct FME registration categories according to the schemes managed and the investors served. Requirements rise with access to retail investors.
Read the guide →Venture capital, restricted and retail schemes
IFSC fund schemes fall into venture capital schemes, restricted schemes and retail schemes, each with its own investor, investment and disclosure rules.
Read the guide →Family investment funds and family offices
A family investment fund lets a single family pool its wealth in GIFT IFSC under the Fund Management Regulations, with a regulated manager, foreign-currency investing and the IFSC's tax and exchange-control treatment. IFSCA registered the first foreign family office in April 2026.
Read the guide →Portfolio management services from GIFT
Portfolio management services (discretionary, non-discretionary and advisory) can be offered from GIFT IFSC by FMEs registered for that activity.
Read the guide →Third-party fund management services
An FME in GIFT IFSC can manage funds and portfolios for third parties, including funds domiciled elsewhere, as an investment manager or sub-manager, within the Regulations.
Read the guide →Fund governance, fiduciaries and KMP certification
Fund governance in GIFT IFSC rests on the FME's board, its principal officer and KMPs, and fiduciaries such as trustees, custodians and auditors.
Read the guide →Relocating an offshore fund
Offshore funds relocate to GIFT IFSC to bring management and domicile to India. Section 47(viiad) of the Income-tax Act, 1961 gave tax-neutral treatment to qualifying relocations of funds to the IFSC, and the Finance Bill, 2025 proposed extending its window to 31 March 2030. Confirm the corresponding provision and conditions under the Income-tax Act, 2025 before relying on it.
Read the guide →NRI and OCI investment through IFSC funds
NRIs and OCIs invest in IFSC funds in foreign currency, and benefit from the IFSC's position outside Indian exchange control.
Read the guide →Serving Indian clients: the two-entity model
Some managers use two entities, one in GIFT IFSC and one onshore in India, to serve both foreign and Indian clients. The model needs careful separation.
Read the guide →Authorities and further reading
The official instruments and pages this guide relies on. Check the current version on the issuer's site before acting.
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