DSP Mutual Fund’s Global Equity Fund, launched on June 2, is the first open-ended mutual fund for retail investors under GIFT City’s updated 2025 framework. It allows Indian residents to invest as little as $5,000 in a diversified portfolio of global equities.
More than just a regulatory first, DSP’s new fund could help Indian asset managers reclaim outbound flows long dominated by foreign platforms. It offers a cleaner, tax-friendly alternative within India’s regulatory perimeter.
The DSP Global Equity Fund, currently in its New Fund Offer (NFO) phase, will accept inflows for up to six months, but is likely to close in 30–40 days. It can continue accepting investments even after the NFO closes. The fund will invest in 30–50 global companies across markets such as the US, Europe, Japan, South Korea, China, and Canada.
Unlike traditional mutual funds in India, DSP’s fund is not constrained by the Securities and Exchange Board of India’s $7 billion overseas investment cap. Instead, the GIFT City-based fund uses the investor’s own $250,000 annual quota under the Liberalised Remittance Scheme, a more resilient route for global exposure.
Because it is domiciled at GIFT, the fund remains outside the SEBI ceiling and can continue accepting money even when the broader mutual fund industry is capped.
DSP already manages nearly $1 billion in assets at GIFT City, largely for offshore clients. This marks its first global product aimed squarely at Indian investors, positioned as a long-term vehicle for goals like children’s overseas education or international travel.
The fund is available in both Regular and Direct plans, with expense ratios ranging from 1.25% to 2.5% depending on investment size and distribution channel.
Kalpen Parekh, Managing director and Chief executive officer of DSP Mutual Fund, said The DSP Global Equity Fund enables both retail and high-net-worth individuals to invest in high-quality global businesses via the LRS route. We are proud to be the first AMC to launch a retail fund on this route at GIFT City. This offering allows Indian investors to access companies with strong ROE, robust cash flows and attractive valuations globally while staying aligned with the ‘Make in India’ vision by building this capability domestically.
