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DSP Global Equity Fund: First Retail Offshore MF from GIFT City

4 July 20251 min read
BANKING & FINANCEDSP Global EquityFund: First RetailOffshore MF fromGIFT City4 July 2025safalsetu.com

Why in the news

Residents can now invest globally through a GIFT City fund without foreign brokerages, bypassing RBI-linked overseas caps on SEBI-regulated schemes.

Fund snapshot

ItemDetail
TypeOpen-ended global equity fund
RouteLiberalised Remittance Scheme (LRS)
NFOOpen 30-40 days; continuous acceptance after

Why it matters

  • Not bound by SEBI’s $7 billion limit, which has paused many feeder funds.
  • GIFT City’s international jurisdiction enables direct retail access.
  • Offers diversification and competes with US brokerages.

Exam angle

  • Regulators: SEBI and IFSCA; location: GIFT City (Gujarat International Finance Tec-City).

Test yourself

1. What is the minimum investment in DSP's Global Equity Fund launched from GIFT City?

The minimum investment stated is $5,000.

2. Which investors can put money in DSP's GIFT City global equity fund through LRS?

Eligible investors are Indian residents, NRIs excluded.

3. DSP's GIFT City global fund is outside which SEBI limit that has paused many global feeder funds?

It is not under SEBI's $7 billion overseas limit.

This topic is part of Daily Current Affairs 4 July 2025 (15 topics).

All topics of the dayDay quizJuly 2025

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