IFSCA cuts retail fund fees by 33%; India INX, HSBC IBU to widen access
International Financial Services Centres Authority cuts retail FME fees by 33% as India INX partners HSBC to widen global access
 "IFSCA cuts retail fund fees by 33%; India INX, HSBC IBU to widen access")
In a move aimed at boosting retail participation in India’s offshore financial hub, the International Financial Services Centres Authority (Ifsca) has slashed the registration fee for retail fund management entities at IFSCs by 33 per cent. The registration fee for Registered Fund Management Entities (Retail) has been reduced from $15,000 to $10,000. The move, part of a comprehensive overhaul of the fee framework at the IFSCA, will help deepen product offerings and expand the investor base particularly in the retail segment.
India INX, HSBC IBU to widen global access
India INX Global Access IFSC has entered into a strategic partnership with HSBC’s International Financial Services Centre Banking Unit (HSBC IBU) to expand access to investment products for Indian investors. The tie up comes amid rising demand among Indian investors for diversification.