The India International Financial Services Centres Authority has notified amendments bringing into effect the fund management reforms it approved in July 2026 for GIFT International Financial Services Centre. The changes ease valuation, contribution, reporting and service provider requirements while expanding investor disclosures and internal governance obligations. Fund management entities and associates with Indian ultimate beneficial owners may now contribute up to 25% of the corpus of qualifying venture capital and Restricted Schemes, up from 10%, where the schemes invest only in the IFSC or foreign jurisdictions. Closed-ended Restricted Schemes may move from semiannual to annual net asset value calculation and disclosure with approval from investors holding at least 75% by value. The amendments also relax duplicate independent valuations, permit venture capital schemes to join later funding rounds after an investee company reaches 10 years of age, exempt certain regulated retail funds of funds from sector concentration limits and extend the annual report deadline from four to six months after the financial year-end. Investor protection measures expand retail offer document disclosures on net asset value methodology and conflicts of interest, and require governing body approval or valid delegation for prescribed internal policies. Other changes broaden contribution exemptions for passive index structures, exclude fund of funds assets when testing the USD 3 billion sustainability disclosure threshold, permit capital-preserving temporary deployment before minimum corpus requirements are met and revise deadlines for appointing key service providers.

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