Platforms
Angel One starts rolling out US stocks through GIFT City
Angel One began offering US-listed stocks and ETFs through GIFT City to selected app users, following IFSCA approval, and expects to open it to all users by mid-November.
GIFT City News: Latest Updates for Investors
By Anup Vatyani, AMFI-registered Mutual Fund Distributor (ARN 106715)
Updated 24 October 2026
The short version. The GIFT City developments that matter to NRIs and Indian investors, newest first. Each is summarised in plain English and linked to its original source. For changes to the rules themselves, see GIFT City rule changes.
- Markets
NMDC and SAIL set up subsidiaries in GIFT IFSC
The two public sector companies have each incorporated a subsidiary in GIFT City's IFSC: NMDC as a platform for overseas mineral projects, SAIL mainly as a group treasury centre.
- Insurance
Canara HSBC Life launches a dollar ULIP for NRIs via GIFT City
Canara HSBC Life introduced a US Dollar unit-linked insurance plan through GIFT City, aimed at NRIs, with global equity, gold and silver, and debt fund options. It is distributed through Policybazaar.
- Regulation
SEZ rules amended to make GIFT City fund set-up easier
The SEZ (Fourth Amendment) Rules, 2026 let a fund in GIFT IFSC rely on its fund management entity's office space offer and lease deed, removing a separate set-up step for each fund.
- Funds
Aditya Birla Sun Life launches two retail GIFT City funds
Its IFSC subsidiary announced an outbound emerging-markets fund for resident Indians investing under LRS, and an inbound India Growth fund of funds for NRIs and foreign investors. Both have a stated minimum of USD 500.
- Funds
Edelweiss launches a US technology fund through GIFT City
Edelweiss's GIFT City branch opened the Edelweiss US Technology Equity Fund, a retail fund of fund investing in JPMorgan Funds – US Technology Fund. It accepts residents under LRS, NRIs and foreign nationals, from USD 5,000.
- Platforms
Mirae Asset Sharekhan opens US stocks through GIFT City
Mirae Asset Sharekhan launched access to over 10,000 US stocks and ETFs, with fractional investing from USD 1, through its IFSCA-registered broker-dealer in GIFT City. Residents invest under LRS.
Source: UNI (Business Wire India)Guide: US stocks via GIFT City
- Platforms
Groww starts rolling out US stocks through GIFT City
Groww began offering US stocks and ETFs to its users through the GIFT City Global Access Provider route, with wider availability expected over the following month.
Source: Free Press JournalGuide: Zerodha, Groww and GIFT City
- Markets
GIFT City fund investors cross 16,000; retail now over half
IFSCA data showed 16,150 investors in GIFT City funds at 30 June 2026, with 8,467 in retail schemes, up from 3,438 in March. Fund management entities rose to 235 and schemes to 401.
- Banking
GIFT City banks disburse USD 52.8 billion under RBI's FCNR(B) swap window
IFSCA said 20 IFSC Banking Units had disbursed about USD 52.82 billion under RBI's special FCNR(B) swap facility by 31 August 2026, and Indian banks had listed USD 11.12 billion of bonds on IFSC exchanges from April to August.
- Funds
PPFAS cuts minimum for its GIFT City S&P 500 and Nasdaq 100 funds to USD 500
PPFAS lowered the minimum first and additional investment in its two outbound GIFT City funds of funds from USD 5,000 to USD 500. Resident Indians invest in them under LRS.
- Funds
The Wealth Company launches a dollar fund of funds for NRIs
The Wealth Company's IFSC branch launched a US Dollar Category III AIF that invests in Indian funds. It is for NRIs and global investors; US, Canadian and resident Indian investors are not accepted.
- Funds
360 ONE's GIFT City arm registered as a retail fund manager
IFSCA granted 360 ONE Global Asset Management (IFSC) final registration as a retail Fund Management Entity, allowing it to launch retail schemes from GIFT City. No scheme had been launched at the time.
- Insurance
Dollar term insurance for NRIs offered through GIFT City
Policybazaar began offering US Dollar term insurance from partner insurers through GIFT City, with premiums and claims in dollars and remote onboarding for NRIs.
- Tax
Mauritius approves ratifying the India–Mauritius tax treaty protocol
Mauritius's Cabinet approved ratification of the 2024 protocol adding a principal purpose test to the treaty. It takes effect only after both countries complete their procedures.
- Funds
GIFT City gets its first physical gold fund
Artha Bharat Investment Managers IFSC launched the Artha Bharat FinMet Physical Gold Fund, which holds at least 95% in LBMA-standard gold bars traded on the India International Bullion Exchange.
- Platforms
Zerodha, Groww, Upstox and Angel One get IFSCA nod for US stocks
IFSCA approved Zerodha and Upstox as broker-dealers and Groww and Angel One as Global Access Providers, letting them offer US stocks through GIFT City.
- Regulation
IFSCA separates fiduciary roles for GIFT City schemes
A new IFSCA circular bars a scheme's fiduciary from also acting as its administrator, valuer, auditor or lender. Existing schemes must comply by 30 September 2026.
- Markets
GIFT City bond listings reach USD 70 billion
IFSCA's debt market report put cumulative debt listings on IFSC exchanges at USD 70.31 billion by 31 March 2026, with USD 49.20 billion outstanding.
News summaries for information only. Mention of a fund, company or platform is not a recommendation. Read the original source and the scheme documents.
Common questions
What is the latest news on GIFT City?
The most recent items here are angel one starts rolling out us stocks through gift city (19 October 2026) and nmdc and sail set up subsidiaries in gift ifsc (18 October 2026). This page was last updated on 24 October 2026.
How often is this page updated?
Regularly, as GIFT City developments that matter to investors happen. Each item is dated, summarised in plain English and linked to its original source.
Where do the news items come from?
Regulators' releases and established financial publications. Every item links to the source; read it for the full details.
Official sources
Rules change. Check the current position with the authority that sets it.
- IFSCA — International Financial Services Centres Authority — The regulator for all financial services in GIFT IFSC.
- IFSCA Directory of regulated entities — Check that a Fund Management Entity is registered.
Have a question about how this works?
Anup Vatyani explains GIFT City fund structures and the investment process in plain English. Educational conversation only, not personalised advice.
Talk to AnupThis page is educational and is not investment, tax or legal advice. Figures and rules are as understood at the date shown and can change; check the official sources and the scheme's offer documents. Investments are subject to market risks; read all scheme-related documents carefully.