17-November-2025
Markets and Finance
 
Unwelcome GIFT: Parking wealth abroad just got tougher for Indian family offices
17-Nov-2025

Wealthy Indian families planning to move money out of the country by floating investment funds in the GIFT City are hitting a hurdle. The regulator for the International Financial Services Centre (IFSC) has asked a number of fund managers to give an undertaking that the fund is not geared to meet the investment needs of a single family, two persons told ET.

News Source:- https://economictimes.indiatimes.com/news/economy/policy/unwelcome-gift-parking-wealth-abroad-just-got-tougher-for-indian-family-offices/articleshow/125368778.cms
 
 
 

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