Negative impactEconomy
Artha Bharat to shift two GIFT City funds to Abu Dhabi over tax hurdles
Business Standard 1 hr ago·20 Oct 2026, 11:07 am
Artha Bharat, a prominent fund manager, is moving two of its funds from India's International Financial Services Centre (IFSC) in GIFT City to the Abu Dhabi Global Market (ADGM). This relocation is driven by the manager's concerns over a lack of clarity regarding tax deductions and complex compliance requirements. Additionally, the firm cited new investor restrictions as a factor in the decision.
For investors, this move highlights the challenges of operating in the evolving IFSC ecosystem. It underscores the importance of understanding the regulatory environment when investing in offshore funds. While the funds are moving to a jurisdiction with its own set of rules, the shift signals that the regulatory framework in GIFT City is still maturing.
Investors should watch for updates on how this relocation impacts the funds' performance and investor sentiment. It also serves as a reminder to evaluate the regulatory stability of any offshore investment vehicle before committing capital.
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- Category: Economy.
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