GIFT City: Tata Asset Management gets IFSCA nod to begin operations 

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Mumbai: Tata Asset Management Private has received regulatory approval from the International Financial Services Centres Authority (IFSCA) to start operations at GIFT City, Gujarat. The entity will operate as a Registered Fund Management Entity (Retail) under the IFSC framework.

The approval enables Tata Asset Management to expand its global presence and offer a broader range of offshore investment products.

The GIFT City branch will serve foreign nationals, NRIs, family offices, government entities, and institutional investors.

The move also opens up opportunities for outbound investments by Indian investors under the Liberalised Remittance Scheme (LRS). The company aims to support India’s role in the international financial landscape through its presence in the IFSC.

Tata Asset Management, established in 1994, manages a diverse portfolio of mutual fund products across equity, debt, and hybrid categories. As of April 30, 2025, it has a unique investor base of over 59 lakh folios.