India’s GIFT City Issues First Family Fund Licence
GIFT City, India's financial hub, has issued its first full licence for a family investment fund to Poornam Asset Management IFSC. This marks a significant step in attracting private wealth to the region, especially as some wealthy individuals look beyond Dubai due to geopolitical tensions. The move highlights GIFT City's efforts to create a competitive regulatory environment for foreign family offices.
Topics: family investment fund financial services GIFT City private wealth management regulatory approval