Edelweiss Asset Management CEO Radhika Gupta explains how Gift City, an international financial hub in Gandhinagar, lets resident Indians invest abroad in dollars through mutual-fund-like structures, using their annual $250,000 overseas remittance limit. Minimum investments depend on the fund; Edelweiss’s Gift City fund is retail-oriented, with a $5,000 minimum for outbound investments for now. Unlike domestic mutual funds, Gift City funds deduct tax at the fund level before payout. Gupta advises a long-term horizon and recommends 10-20% global allocation for experienced investors, cautioning beginners and against chasing niche, short-term trends.
First Published: Jun 25, 2026 4:51 PM IST
