The International Financial Services Centres Authority (IFSCA) has granted registration to the first foreign Family Office structured as a Family Investment Fund under the IFSCA (Fund Management) Regulations, 2025, marking a key milestone for GIFT International Financial Services Centre (IFSC) in its private wealth expansion journey.
The registration pertains to a UK-based family office structure, and has been granted to Poornam Asset Management (IFSC) Pvt Ltd, which is acting as the IFSC-based fund management platform for the structure, official sources told the businessline on Monday. The development highlights the growing traction of regulated family office vehicles in GIFT IFSC under the evolving Family Investment Fund framework.
An IFSCA release which does not name the family office stated that the approval represented a significant step in strengthening a globally competitive and flexible regulatory ecosystem for foreign family offices and private wealth structures. The framework enables efficient structuring of family wealth through well-governed fund mechanisms within the IFSC, it added.
Global access
The Family Investment Fund structure is designed to facilitate cross-border deployment of capital and enable families to manage diversified investment portfolios across India and global markets through a regulated platform. The release further stated that the framework enhances GIFT IFSC’s attractiveness as a destination for international fund management, offering investors regulatory efficiency, capital mobility, and access to global investment opportunities.
It added that the development reinforces GIFT IFSC’s positioning as an emerging global hub for private wealth management and alternative investment structures.