RBI permitting India Inc to set up funds in GIFT City a big boost to IFSC

“In the case of sponsor contributions to AIF in IFSC, the regulations specify only the minimum contribution and there is no cap on the maximum contribution. If the provision of investment through automatic route apply only for the minimum contribution or the entire contribution is not yet clear,” Divakar Vijayasarthy, managing partner, DVS Advisors, notes.