GIFT City opens a world-class investment gateway for NRIs and global Indians — letting you invest in Indian and global markets in USD, with full repatriability and no Indian capital gains tax.
NRIsOCIsOverseas IndiansForeign Nationals of Indian Origin
What is GIFT City
India's first International Financial Hub.
Gujarat International Finance Tec-City (GIFT City) is India's first and only International Financial Services Centre (IFSC) — a world-class financial zone designed to compete with Singapore and Dubai.
Funds and entities operating here are regulated by the International Financial Services Centres Authority (IFSCA) — not SEBI — giving them a distinct, globally-aligned regulatory framework.
For NRIs, this means access to Indian market growth in USD denomination, with tax structures that are among the most investor-friendly in the world.
GIFT City At a Glance
200+
Registered fund management entities in GIFT City as of mid-2025
$15B+
Combined committed capital across GIFT City funds
USD 1,50,000
Minimum investment in GIFT City funds — making world-class investing accessible to serious NRI investors
0%
Indian capital gains tax, dividend tax, and withholding tax on qualifying GIFT City investments
Why GIFT City
Why NRIs are choosing GIFT City investments.
Traditional Indian mutual funds come with rupee conversion hassles, TDS deductions, and complex repatriation. GIFT City was built to solve every one of those problems.
Invest & Earn in USD
No currency conversion, no rupee risk. You invest in dollars and receive your returns in dollars — protecting your wealth from INR depreciation that erodes 3–4% annually.
Zero Indian Tax
No capital gains tax, no dividend tax, no withholding tax (TDS) in India. Your tax liability is only as per your country of residence. For UAE-based NRIs, this can mean 100% tax-free returns.
Full Repatriability
Upon redemption, your entire investment — principal and gains — is repatriated directly to your foreign bank account. No Form 15CA/15CB. No TDS certificates. Simple and clean.
Access India's Growth Story
Inbound funds give you exposure to India's high-growth equity markets — one of the world's fastest-growing economies — through a globally structured, USD-denominated vehicle.
No NRE/NRO Account Needed
Unlike regular Indian mutual funds, GIFT City investments do not require an NRE or NRO account. Transfer directly from your foreign bank account in foreign currency.
Open to NRIs from Most Countries
Unlike mainland Indian mutual funds that restrict investors from the US and Canada, most GIFT City funds are accessible to NRIs from nearly all FATF-compliant countries worldwide.
The Difference
GIFT City Funds vs Regular Indian Mutual Funds.
For NRIs, the differences are significant — not just in structure, but in what you actually take home.
Traditional Route
Regular Indian Mutual Funds
Rupee-denominated — currency conversion required
TDS deducted on capital gains at source
Complex repatriation process — Form 15CA/15CB required
US and Canada NRIs restricted by many fund houses
NRE/NRO account mandatory for investment
Rupee depreciation reduces real USD returns by 3–4% annually
GIFT City Route
GIFT City Mutual Funds
USD-denominated — invest and earn in dollars
Zero Indian capital gains tax, dividend tax, or TDS
Fully repatriable directly to your foreign bank account
Open to NRIs from nearly all FATF-compliant countries
No NRE/NRO account required — invest from abroad directly
Returns protected from INR depreciation — what you earn, you keep
Eligibility
Who can invest in GIFT City Mutual Funds?
GIFT City mutual funds are designed for non-resident investors — with eligibility that is far broader than traditional Indian mutual funds.
NRIs (Non-Resident Indians)
Indian passport holders who have resided outside India for more than 182 days in a financial year. The primary audience for GIFT City funds — eligible to invest in all products.
OCIs (Overseas Citizens of India)
Foreign citizens of Indian ancestry who hold an OCI card. Treated as non-residents for tax purposes if residing outside India. Eligible to invest in GIFT City mutual funds and AIFs.
Foreign Nationals & Global Investors
Non-Indian foreign individuals and institutional investors from FATF-compliant countries can invest, subject to the fund's specific risk and jurisdiction policies.
How to Get Started
Four simple steps to your first GIFT City investment.
The process is fully digital and straightforward. Here is what to expect from start to first investment.
1
Verify Eligibility
Confirm your NRI, OCI, or foreign investor status. Ensure you are from a FATF-compliant country.
2
Complete KYC
Submit your passport, PAN card, local residency ID, and foreign address proof. Notarised copies may be required.
3
Choose Your Product
The DhanONE team will guide you in selecting the right mutual fund, AIF, or PMS — matched to your goals, risk appetite, and investment horizon.
4
Fund & Invest
Transfer USD directly from your foreign bank account. No NRE/NRO account needed.
Get Started
India's growth. Your terms. Your currency.
Start investing in GIFT City with as little as USD 500.
Zero Indian tax. Fully repatriable. Built for global Indians.
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