GIFT IFSC Specified Fund Eligibility Checker
A GIFT IFSC Category III fund, retail scheme or ETF must have all units, apart from the sponsor’s or manager’s, held by non-residents, with one narrow exception.
1Enter your details
The fund
Who holds the units
2Result Tax year 2026-27
Enter the total units and who holds them.
How this calculator works
- Enter your figures or answer the questions on the left.
- The result updates as you type, using the provisions listed under Legal provisions.
- Open “How was this calculated?” to see every step.
Things to keep in mind
- This is an estimate based on the information you provide.
- It covers Indian income-tax only.
- The result depends on the fund structure, your status and the facts entered.
- Surcharge is not included; it applies where total income exceeds ₹50 lakh.
- Read the assumptions and the law before relying on the result.
Related tools
Want to confirm your tax position?
This result is an estimate based on the information provided. Your final tax position may depend on the fund’s legal structure, investment documents, income type and personal circumstances.
Meet the expert
CS Prashant Kumar
Company Secretary & Compliance Officer
Global Horizons Capital Advisors (IFSC) Private Limited — an IFSCA-licensed investment banker
Published in The Chartered Accountant (Jun 2025, Jan 2025, Mar 2024) and Chartered Secretary (Aug 2023)
Prashant Kumar is a seasoned Company Secretary and corporate governance strategist with more than 13 years of experience advising large corporates, promoter-led groups and global businesses on compliance, regulatory risk and board governance. In GIFT IFSC, the IFSCA regime is his day job rather than a research topic.