Resident individuals may soon be able to invest in listed securities on exchanges set up at Gujarat’s International Financial Services Centre (IFSC), if the recommendations of an IFSCA-appointed committee are accepted.
The securities include global depository receipts (GDRs), alternative investment funds (AIFs), mutual funds (MFs), and real estate investment trusts (REITs) and infrastructure investment trusts (InVITs), which are issued by foreign entities.
On Wednesday, the seven-member committee, set up three months ago, recommended a host of measures for enhancing retail participation at the IFSC.
Among the key recommendations was allowing resident individuals to invest in AIFs or MFs at the IFSC, via the