A Family Investment Fund (FIF) in Gift IFSC aims to provide a formal structure for family offices to manage their investment funds. This allows family offices to set up a dedicated entity to manage their investment activities. FIF is defined as a self-managed fund pooling money from a single family. The definition of ‘single family’ includes Indian entities in which the family exercises control and holds at least 90% economic interest. These entities can invest up to 50% of their net worth in FIFs, over and above the remittance limit for individuals under the liberalized remittance scheme.
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