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| Fund | Fund house | Latest NAV | NAV date | Expense ratio | Benchmark | 1M return | Since launch |
|---|---|---|---|---|---|---|---|
| DSP Global Equity Fund | DSP Fund Managers IFSC Private Limited | $9.3550 | 13 Oct 2026 | 1.00% | MSCI ACWI | +0.31% | -6.05% |
| Edelweiss Greater China Equity Fund | Edelweiss Mutual Fund IFSC | $10.7567 | 29 Sep 2026 | 0.50% | MSCI Golden Dragon Net | -3.32% | +7.57% |
| HDFC International – Developed Markets Equity Fund | HDFC AMC International (IFSC) Limited | $98.6973 | 28 Sep 2026 | 0.50% | MSCI World Total Return Net | -1.27% | -1.27% |
| HDFC International – Emerging Markets Equity Fund | HDFC AMC International (IFSC) Limited | $99.5175 | 28 Sep 2026 | 0.50% | MSCI Emerging Markets Total Return Net | -0.44% | -0.44% |
| Marcellus Global Equities Fund | Marcellus Investment Managers (IFSC Branch) | $9.9250 | 13 Oct 2026 | 1.25% | S&P 500 NTR (secondary: S&P World NTR) | — | — |
| Parag Parikh IFSC Nasdaq 100 Fund of Fund | PPFAS IFSC | $123.2376 | 13 Oct 2026 | 0.30% | Nasdaq 100 Notional Net Total Return Index | +2.82% | +22.03% |
| Parag Parikh IFSC S&P 500 Fund of Fund | PPFAS IFSC | $117.0331 | 13 Oct 2026 | 0.30% | S&P 500 Net Total Returns Index | +1.33% | +15.90% |
Review GIFT City funds from PPFAS IFSC, DSP, HDFC, Marcellus and Edelweiss, including latest NAVs and recent return history.
If you are unsure which one fits your portfolio, speak to a fee-only SEBI Registered Advisor before investing.
GIFT City IFSC funds are not the same as regular Indian international mutual funds. They sit in a deemed foreign jurisdiction, are usually foreign-currency products, and follow a different investment and reporting process.
GIFT City is India's International Financial Services Centre in Gujarat. Funds here are regulated by the International Financial Services Centres Authority, and the zone operates like a deemed foreign jurisdiction for many investment and reporting purposes.
Outbound IFSC funds can give exposure to US indices, global equities, China equities or other overseas mandates. Because units are usually tracked in USD, your outcome depends on both the underlying market and the INR-USD exchange rate.
Resident Indians typically invest through LRS, which allows overseas remittances up to $250,000 per financial year. The fund house, IFSC platform and bank decide the exact documents, transfer steps and permitted subscription route.
Do not treat GIFT City fund taxation as identical to domestic equity mutual funds. Check 20% TCS on eligible LRS remittances, 20% STCG before 24 months, 12.5% LTCG after 24 months, foreign-currency conversion and Schedule FA reporting before you invest.
Real questions from Indian investors, answered by SEBI-registered investment advisers.
GIFT City funds avoid a foreign brokerage account but cost more than ETFs. Is the extra cost justified?
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Read More »US ETFs are cheaper, Ireland-domiciled UCITS ETFs cost a little more. When does the structure matter more than the expense ratio?
Read More »Foreign brokers, US ETFs, UCITS ETFs, GIFT City funds, active global funds: how should a beginner choose?
Read More »A Foliyo-matched SEBI Registered Investment Adviser can help you evaluate PPFAS IFSC, DSP, HDFC, Marcellus, Edelweiss and other international routes against your goals, tax situation and existing portfolio.
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