Capital commitments to funds at Gujarat International Finance Tec-City (GIFT City) have soared to $32.13 billion by December 2025, a substantial increase from under $0.5 billion in March 2020, indicating rapid growth in India’s offshore financial services hub. The number of Fund Management Entities (FMEs) at the center has surged from eight to 202 during the same period, showing a 25-fold rise.
The count of fund schemes has also escalated from less than 10 to 313, signaling a significant expansion in product offerings and investment strategies. Funds located in GIFT City have collectively raised $17.34 billion, with approximately $17 billion already utilized. This growth not only attracts capital commitments but also drives investment activities on a large scale.
Around 85% of the deployed funds are focused on domestic opportunities, while the remaining 15% is invested globally. GIFT City serves as a channel for directing international capital into India and allows investors to access global markets from a single jurisdiction. The growth is supported by increased participation from domestic and global fund managers across various asset classes, enhancing the investment landscape within the center.
A Balasubramanian, Managing Director and Chief Executive Officer of Aditya Birla Sun Life AMC Ltd., mentioned that GIFT City’s development into a dynamic fund management ecosystem is a significant milestone in India’s financial services journey. For ABSLAMC, GIFT IFSC has provided a gateway to introduce unique investment solutions, cater to global and NRI investors efficiently, and enable domestic investors to explore overseas opportunities effectively.
Vikas Khemani, Founder and Chief Investment Officer of Carnelian Asset Management and Advisors Private Limited, highlighted that their offshore inbound fund operating from GIFT City is functioning smoothly. GIFT City is not just seen as an entry point to India but as an established international financial center witnessing increased participation from global and domestic players. With evolving infrastructure and a progressive regulatory environment, GIFT City is reinforcing its position as a leading global financial hub.
With continuous growth in capital, participants, and deployment, GIFT City is progressively establishing itself as a globally connected fund management hub, supporting both inbound and outbound investment flows.
