Dovetail

The Platform is Now Open -
and Dovetail is Ready

The International Financial Services Centres Authority (IFSCA), regulator of GIFT IFSC, has approved the proposal to enable Third-Party Fund Management Services (popularly known as “platform play”).

With this proposal, Fund Management Entities (FMEs) registered at GIFT IFSC can now launch and manage funds on behalf of global asset managers.

Simplifying Fund Launch at GIFT

Dovetail FME in IFSC can now launch funds on behalf of global or domestic third-party fund managers and support with –

Physical presence
Dovetail FME will provide physical presence in IFSC

Principal Officer
Dedicated Principal Officer for each fund to ensure adequate governance and accountability

Corpus up to USD 50 million
Permitted Corpus up to USD 50 million per fund

The platform will enable

India Inbound Access for Global Fund Managers −

Access to India’s listed equity, debt, derivatives, and private markets via Cat-1 FPI or FDI structures.
GIFT IFSC permits up to 100% NRI participation in funds, with a cap of 25% per individual NRI (defined as Indian passport or OCI holders).
Regulatory certainty and faster onboarding via Dovetail’s FME and Custodian Tie-ups.

India Outbound Capital Raising for Global Strategies +