Sebi's removal of the 50% cap on investments from overseas Indians in Gift City funds eliminates a major hurdle, enabling rapid fund launches.It enhances the appeal of Gift City-domiciled funds, offering a competitive advantage and simplifying investment options for overseas Indian investors.
Mint Explainer: How easing NRI caps in GIFT City funds will boost fund launches
livemint.com - 2 Jul 2024 07:30
Sebi's removal of the 50% cap on investments from overseas Indians in Gift City funds eliminates a major hurdle, enabling rapid fund launches.It enhances the appeal of Gift City-domiciled funds, offering a competitive advantage and simplifying investment options for overseas Indian investors.
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