new-pathways-for-nri-investments-in-gift-funds
NRI/ OCI owned entities trading in the Indian securities markets through the FPI route were subject to limit on contribution to corpus at 25% at the individual level and 50% at the aggregate level. W.e.f. 30-Apr-2024, this regulatory limit is removed with certain additional reporting requirements. Moreover, such investments made in GIFT funds satisfying certain conditions will be exempt from such reporting requirements. To know more on this, please reach out to ashishmalhotra@thecapbook.com.