Tata Asset Management receives IFSCA approval to begin operations in Gujarat's GIFT City

Tata Asset Management has received necessary regulatory approval from the International Financial Services Centres Authority (IFSCA) to commence operations at the International Financial Services Centre (IFSC) in GIFT City, Gujarat, as a Registered Fund Management Entity (Retail).

This marks a significant milestone in Tata Asset Management Company's journey toward becoming a global asset management brand. According to the AMC, presence in GIFT City will play a pivotal role in strengthening the company's offshore product portfolio and enhancing its investment offerings for international clients, which include foreign nationals, family offices, government and institutional investors, and non-resident Indians (NRIs).

It will also provide an avenue for Indian investors to pursue outbound investments under the Liberalised Remittance Scheme (LRS), the company said.


The foray also aligns with the Tata AMC's vision to contribute to India's positioning as a key player in the global financial ecosystem, under the enabling framework of the IFSCA.

Established in 1994, Tata Asset Management Private Limited is the investment manager for Tata Mutual Fund. It is one of the oldest mutual funds in India with a unique folio base of over 59 lakhs (latest available as on 30th April 2025), the press release added.