Fund Services

GIFT City IFSC —
India's global fund hub.

On 24 July 2025 IFSCA notified the Fund Management (Amendment) Regulations enabling Third-Party Fund Management. CAWT is building an IFSCA-licensed FME platform — allowing global, domestic and family-office managers to launch and run Indian Focussed / Global Schemes without setting up their own IFSC entity.

The GIFT IFSC Ecosystem

Growth across FMEs, schemes and commitments.

India's first and only International Financial Services Centre, legally treated as non-resident territory under FEMA. Designed to compete with Singapore, Dubai, Mauritius and Cayman — a unified regulator, USD-denominated structures, and one of the most competitive tax frameworks in the world.

As of March 2026·IFSCA Fund Management Snapshot
217
Active FMEs
360
Schemes notified
$32.1bn
Cumulative commitments
Tax Regime

A best-in-class fiscal framework.

0%
Corporate Tax
Tax holiday for 20 of first 25 years (Sec. 80LA)
0%
GST
On services provided by FME in IFSC to IFSC-based funds
0%
MAT
For companies opting Sec. 115BAA
0%
Capital Gains Tax
On specified securities transferred on IFSC exchanges
0%
STT / CTT
Securities & Commodities Transaction Tax not applicable
0%
Stamp Duty
On specified securities transferred on IFSC exchanges

Subject to prescribed conditions. Readers should refer to relevant CBDT, CBIC and GST Council notifications.

Who Benefits

Built for managers at every scale.

Global Asset Managers

International managers seeking India exposure without setting up a standalone IFSC entity — ideal if you're already regulated in Singapore, Dubai, Cayman, the UK or the US.

Domestic Fund Managers

SEBI-registered PMS or AIF managers looking to launch USD-denominated offshore schemes with GIFT City tax advantages, without a separate FME registration.

Family Offices & SFOs

UHNI families and single family offices structuring a private investment vehicle through GIFT City — retaining full control over investment decisions.

Boutique & Emerging Managers

First-time managers leveraging GIFT City infrastructure to launch institutional-grade funds cost-effectively.

NRI & Diaspora Managers

Managers in the US, UK, Gulf or Southeast Asia running India-focused or global funds — leveraging the 100% NRI contribution carve-out for FPIs.

PE / VC Sponsors

Private equity and venture capital sponsors structuring Cat I or Cat II AIFs for deal-by-deal or pooled strategies via GIFT City.

Path to Launch

From first call to first close.

01

Initial Conversation

Share your fund strategy, investor base and target markets. We assess fit and advise on optimal structure.

02

Due Diligence & Onboarding

Eligibility assessment of the external manager as per IFSCA's fit-and-proper criteria.

03

Fund Structuring

Working with your legal advisors to draft the PPM, fund documents and investor agreements.

04

IFSCA Filing

We file the fund application with IFSCA and manage the regulatory approval process.

05

Fund Launch

Investor onboarding, KYC completion and first close. You begin managing the portfolio.

Start a conversation

Discuss your fund strategy and target markets.

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