GIFT City & Global Investing · intermediate
GIFT IFSC Products — A Closer Look
Fund schemes, foreign-currency bank accounts and deposits, and foreign-currency life insurance in the GIFT IFSC: what each is, the rules that shape it, and how exchange rates change its value in rupees.
- 01Funds in GIFT IFSC — Retail, Restricted and Venture Capital SchemesFund schemes in the GIFT IFSC follow IFSCA's fund management regulations, not SEBI's mutual fund rules. This lesson explains the three kinds of scheme, who may invest in each, and why a resident's result in rupees depends on both the market and the exchange rate.
- 02Foreign-Currency Accounts and Deposits at IFSC Banking UnitsA closer look at a resident's foreign-currency account and deposits with an IFSC banking unit: how the account is funded, the limit on deposit tenure, why there is no DICGC cover, how interest is taxed, and how the exchange rate changes the rupee value.
- 03Foreign-Currency Life Insurance from IFSC Insurance OfficesInsurance offices in the GIFT IFSC issue life policies whose cover and premiums are in foreign currency. This lesson explains what stays fixed in such a policy, what moves with the exchange rate for a resident, and what the lesson deliberately does not describe.