India GIFT City: Third-Party Fund Management Services – Platform-Play Model Explained

Author: Veronica Pasumarthy
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Date: 20 November 2025
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Categories: GIFT City IFSC

IFSCA introduced the Third-Party Fund Management Services (TPFMS) model, enabling international fund managers to operate in GIFT City without physical presence. This “Platform-Play” model allows registered FMEs to host and manage schemes for external managers.

Key Benefits:

  • Immediate access to India’s IFSC ecosystem
  • FMEs can optimise infrastructure across multiple clients
  • Investors gain access to global products in a regulated marketplace

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