Sebi’s March 24 circular directed Indian asset managers to stop accepting fresh inflows into schemes that invest in foreign shares or ETFs since the industry-wide limit of $1 billion has almost been breached.
IFSCA Chairman promises clarity on family office structures for resident HNIs in 2-3 months thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The article discusses a circular through which the IFSCA has introduced relaxations under the IFSCA (Fund Management) Regulations, 2022 to encourage the establishment of family investment funds in the IFSC.
The latest developments at Gift City have been around the regulations for the formation and functioning of Family Investment Funds (FIFs). While UHNI families have been setting up family office structures in countries like Dubai, London, and Singapore, the FIF structure at Gift City helps set up a self-managed fund that can pool monies