GIFT City Outbound Funds: With international funds closing down for SIP
Last Update Date: 05-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar pointed out the costs and limits of these funds, including forex and remittance charges, Schedule FA disclosure, short track records and lower liquidity. He advised against frequent small remittances and explained how investors' gains are taxed.
More of Abhishek's views on mutual funds
With no international mutual fund in India open to fresh SIPs, the article explains GIFT City IFSC outbound funds as another route to global diversification for resident Indians. It covers investing through the Liberalised Remittance Scheme, minimum amounts, TCS, foreign exchange costs, tax treatment and the absence of rupee SIPs.
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GIFT City Outbound Funds: With international funds closing down for SIP