11/6/2025, 9:13:03 pm

Family offices stitch together AIF structures in GIFT City

India's wealthy are using pooled structures resembling Alternative Investment Funds (AIFs) to bypass regulatory bottlenecks hindering overseas investments via single-family offices at GIFT City. At least six prominent SFOs are adopting this workaround due to confusion between Overseas Portfolio Investment and Overseas Direct Investment (ODI) routes. The RBI fears misuse for large remittances.