Budget sops may spur up to 10% Mauritius funds to relocate to IFSC

Experts say while global funds may want to consider shifting their India portfolios to IFSC, the move would result in splitting the fund into two, which may not be acceptable to investors

Topics
Budget 2021 | GIFT City IFSC | Mauritus funds

Ashley Coutinho  |  Mumbai 

The Budget concessions may spur several Mauritius offshore funds to relocate to International Financial Services Centre (IFSC) at Gift City. There are about 600-800 Mauritius funds investing into India.

Experts reckon 5-10 per cent of such funds could mull making the shift to IFSC. "If Indian investments are routed through an investment holding company in Mauritius, that can be replaced with an IFSC fund easily," said Sunil Gidwani, partner, Nangia Andersen. He said that to begin with, global funds may want to consider shifting their India portfolio to IFSC but that ...

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First Published: Tue, February 09 2021. 18:06 IST
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