Retail mutual funds shunned Gift City. That’s starting to change

Gift City lets financial services to non-residents and residents, including institutions and retail investors, in foreign currency. So far, most funds launched there have been non-retail products from hedge funds or long-only funds. But that’s beginning to change, thanks to clarity given by govt.

​Gift City lets financial services to non-residents and residents, including institutions and retail investors, in foreign currency. So far, most funds launched there have been non-retail products from hedge funds or long-only funds. But that’s beginning to change, thanks to clarity given by govt.