The Economic Times News

Gift city mutual fund investment: From dividend to capital gains, know all about taxation for NRIs and residents

Indian residents can now invest in dollar-denominated mutual funds in GIFT City. This offers a way to diversify portfolios, especially with RBI restrictions on domestic overseas funds. Investments are made using the Liberalised Remittance Scheme. Taxation is handled at the fund level, not the investor level. This provides a new avenue for global investment opportunities.