PPFAS Alternate Asset Managers IFSC opened a new office in GIFT City to support global and domestic alternative investments.
Plans include launching an inbound fund (FOF) for NRIs/foreigners and outbound options for Indian investors under LRS.
Inbound fund offers tax-free gains, no PAN/NRE/NRO requirements, and eliminates currency risk.
Outbound fund structure is under development, pending regulatory clarity and RBI limits.
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