The Gujarat International Finance Tec-City (GIFT City) reported a significant increase in its fund management ecosystem over the past five years. Capital commitments surged from under $0.5 billion in March 2020 to $32.13 billion by December 2025, marking a 60-fold rise. The number of Fund Management Entities (FMEs) in the International Financial Services Centre also grew substantially from 8 to 202 during this period.
GIFT City-based funds have successfully raised $17.34 billion, with nearly $17 billion already invested. The ecosystem has attracted substantial commitments, fostering substantial investment activity on a large scale. The number of fund schemes has expanded from less than 10 to 313, indicating a rapid increase in product offerings and investment strategies.
Around 85% of the capital deployed through GIFT City is directed towards India, while the remaining 15% is allocated to global investments. This trend underscores GIFT City’s role as a crucial gateway for channeling global capital into India and providing investors access to international opportunities from a single location.
The growth in the ecosystem has been bolstered by increased participation from domestic and global fund managers across various asset classes, including private equity, venture capital, and public market strategies. A. Balasubramanian, Managing Director and CEO of Aditya Birla Sun Life AMC Ltd., emphasized the platform’s role in launching differentiated investment solutions and expanding global investment capabilities.
Vikas Khemani, Founder and CIO of Carnelian Asset Management and Advisors Private Limited, praised the seamless operation of their offshore inbound fund based in GIFT City. He highlighted the city’s evolving infrastructure and progressive regulatory environment, positioning it as a premier global financial hub.
