GIFT CITY FUNDS
Franklin Templeton launches Franklin US Equity IFSC Fund as its first outbound fund
Franklin Templeton India has launched its first outbound fund through GIFT City, offering Indian investors access to an actively managed US equity strategy. The feeder fund has a minimum investment of USD 5,000 and aims for long-term capital appreciation.
In 2016, a Florida foundation backed a 53-acre waterfront park. Nine years later, its $10 million investment had helped catalyze $50 million in private donations
The Bay Sarasota: A former parking lot along Sarasota Bay is being transformed into a 53-acre public park, with a $10 million contribution from The Patterson Foundation helping catalyze $50 million in private donations. The first 10 acres are open, more than 1.2 million visits have been recorded, and construction continues on the next phase.
Joint accounts, tax savings, wills: How couples can protect their wealth
Finances are a cornerstone of marriage, shaping both relationships and futures. At the ET Wealth Expo 2026, specialists emphasized the necessity of balanced fiscal strategies in partnerships, the dangers of income tax clubbing, and the importance of wills.
Dolly Parton Imagination Library Sign Up in US, UK and Canada: Who is eligible and how to register for free books every month
Dolly Parton Imagination Library Sign Up is gaining attention after the UK government announced up to £15 million to help more young children access free books. Find out how parents in the US, UK and Canada can register their children, who is eligible, how the programme works and how to check availability in their area.
Japan’s SuMiTB makes first Indian realty fund investment with HDFC Capital
Sumitomo Mitsui Trust Bank has made its first investment in an Indian real estate fund. This investment is in HDFC Capital Development of Real Estate Affordable and Mid-Income Fund. The H-DREAM Fund has raised over $400 million in secured investor commitments. This fund targets residential projects within affordable housing while promoting green building standards. The investment reflects the strengthening economic relationship between India and Japan in the real estate sector.
ET Wealth Expo| Wealth creation is exciting; wealth preservation can be boring—but it works, says Manish Kathuria of Kotak Neo
Speaking at the ET Wealth Expo 2026 held in October in Mumbai, Kathuria said that while investors often get caught up in the excitement of rising markets and high-return opportunities, long-term wealth preservation is driven by a far less glamorous process—discipline, patience, risk management and, above all, asset allocation.
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Razorpay gets Sebi nod for Rs 5,000-6,000 crore IPO: sources
ET reported on April 20 that Razorpay was preparing a confidential IPO filing to raise Rs 5,500-6,500 crore at an expected valuation of $5 billion (Rs 49,000-50,000 crore), below the $7.5 billion (around Rs 6,000 crore then) it commanded in its last major private funding round in 2021.
Technology funds top October returns with gains of up to 10%. Is it the right time to invest?
Technology mutual funds topped October returns, with the nine best-performing schemes delivering gains of up to 9.78%, an ETMutualFunds analysis showed. HDFC Technology Fund led the chart, followed by Kotak Technology Fund and Tata Digital India Fund. Of the nearly 626 funds analysed, all nine top performers belonged to the technology sector, reflecting a strong monthly recovery in the segment.
Razorpay gets final Gift City licence to expand cross-border payments
Razorpay has attained a payment service provider licence from the International Financial Services Centres Authority. This licence allows the company to process foreign-currency payments from its base in Gift City, Gujarat. The approval enables Razorpay to offer multi-currency accounts and facilitate international transactions. With established integrations with RBL Bank and ICICI Bank, the service is expected to be utilized shortly.
ET Wealth Expo: Saurabh Mukherjea suggests a simple 50:50 portfolio to diversify across India and the US
Saurabh Mukherjea recommends a simple 50:50 portfolio split between the Nifty 50 and the S&P 500, with annual rebalancing, to diversify across India and the US. He explains how the strategy can improve returns relative to risk, reduce volatility and help investors avoid predicting which market will outperform.
ET Wealth Expo: Investing globally? Why Indian investors should look beyond Nasdaq and diversify across asset classes, says Devina Mehra
First Global's Devina Mehra urges Indian investors to diversify across countries, sectors, currencies and asset classes. She highlights global opportunities, changing market leadership and the risks of chasing popular investments, advocating broader international exposure for long-term portfolio resilience.
PM Modi releases Rs 19,000 crore under 24th instalment of PM-KISAN
Prime Minister Narendra Modi on Friday launched and laid the foundation stones for development projects worth over Rs 14,400 crore in Gujarat and released around Rs 19,000 crore under the 24th instalment of the PM-KISAN scheme. Projects include a bovine breeding centre, two Bio-CNG plants, Ahmedabad Metro expansion, Anganwadi centres and rail services.
PM Modi's Gujarat visit: Rs 14,000-crore projects, Rs 19,000-crore PM-KISAN payout, new trains and Ahmedabad Metro expansion on agenda
Prime Minister Narendra Modi will undertake a two-day visit to Gujarat, during which he will inaugurate and dedicate development projects worth Rs 14,000 crore, release the 24th instalment of PM-KISAN payments worth Rs 19,000 crore and flag off two trains. His itinerary includes laying the foundation stone for Ahmedabad Metro extensions and road upgrades, inaugurating child-friendly Anganwadi centres and participating in the Rashtriya Ekta Diwas celebrations at Ekta Nagar.
Buffett on gold: It does not lose because the pessimists are wrong. It loses for a reason almost nobody mentions
The number of shares Berkshire Hathaway held in American Express did not change for eight years. Yet, its ownership of the company rose from 12.6% to 17.9%, purely because American Express kept buying back its own shares. Fewer shares existed, so the same number of shares owned more of the company. Buffett draws the general rule from it in one short line: When earnings increase and shares outstanding decrease, owners over time usually do well.
PM to visit Gujarat on Oct 30-31, inaugurate projects worth Rs 14,000 crore
Prime Minister Narendra Modi will begin a two-day visit to Gujarat, where he will inaugurate significant development projects. He will dedicate over Rs 14,000 crore worth of initiatives, including child-friendly Anganwadi Centres and agriculture infrastructure projects. Modi is also set to participate in cultural celebrations, notably Bharat Parv 2026, aimed at showcasing India's diverse heritage. Additionally, he will lay the foundation stone for the Ahmedabad Metro phases.
Jefferies initiates coverage on NSE with ‘Buy’; here’s why it sees fresh growth potential
Jefferies has initiated coverage on NSE with a ‘Buy’ rating and a target price of Rs 2,085, indicating over 17% upside. The brokerage expects structural growth, market leadership, diversification and new businesses to drive a 15% revenue CAGR over FY27–29 and support margin expansion.
Weak returns at home fuel India's overseas retail investing boom
Indian retail investors are increasingly venturing into global markets, significantly boosting their overseas investments. In response, domestic asset managers are introducing new funds to meet the rising demand for international exposure. With the Reserve Bank of India's limits on overseas investments nearing their cap, many investors are exploring tax-friendly locations like GIFT City.
Weak domestic returns fuel India's overseas retail investing boom
Indian investors are turning to global funds as domestic market performance remains weak and opportunities abroad increase. A surge in overseas investments, particularly in AI-related assets, has been noted recently. Fund managers are launching various international funds to cater to this growing demand. Regulatory limits on overseas investments are in place, but tax-neutral hubs offer solutions.
Global ETFs vs individual stocks: How should Indian investors build overseas exposure?
Indian investors looking to invest overseas can choose between picking individual foreign stocks and investing through exchange-traded funds (ETFs). Understanding how these options differ can help investors decide how much control they want over their investments and how they can access global markets.
Tata Communications to invest $450 million in 10,000 km AI fibre network
The project will be implemented in three phases spanning three to five years, subject to execution conditions, and funded through operating cash flows, Rupesh Chokshi, chief product and technology officer at Tata Communications told ET. The planned network will provide 7.2 petabytes of capacity.
AI narrative needs to change for India: K Balasubramanian, CEO, Citibank India
Long-term capital-gains tax is a big factor on the equity side. On direct investment, the trade agreements are going to be a big positive. Trade agreements create potentially important UK-India and EU-India corridors. We have been doing a lot of work identifying companies that could benefit and engage with clients. For Citi, that opportunity can flow through services and markets and potentially through investment-banking transactions as multinational companies raise capital in India, says K Balasubramanian, CEO, Citibank India.
Jio BlackRock International AMC (IFSC) launches JioBlackRock Advantage World Equity Fund (IFSC), its first GIFT City fund
JioBlackRock has launched the Advantage World Equity Fund through GIFT City, offering eligible Indian investors access to global developed-market equities. The feeder fund invests primarily in BlackRock’s actively managed strategy spanning the US, Europe and Japan.
Tata Communications to plug Rs 4,350 crore in AI super highway
Tata Communications aims to invest Rs 4,350 crore to create 10,000 km of AI-ready connectivity infrastructure across India. The investment will enhance the existing network and add significant capacity to data-centre connectivity. The three-phase project development will focus on key growth corridors including Mumbai, Pune, and Chennai. Tata Communications will also expand its networks to connect various emerging data-centre ecosystems.
PMS Talk: How Rs 50 lakh invested in Karma Capital in 2006 grew to Rs 5.4 crore
In this edition of ETMarkets PMS Talk, the co-founders discuss the lessons from their 20-year investment journey, how they identify companies before their growth stories become market favourites, and why valuation discipline, management quality and capital protection matter as much as returns. They also share their outlook on India's healthcare and auto component sectors, and explain what investors should evaluate beyond CAGR when choosing a PMS.
Trump invokes 9/11 in urging Michigan voters to oppose Muslim Senate candidate El-Sayed
During a campaign rally in Michigan, President Donald Trump linked Abdul El-Sayed to Muslim extremists and 9/11 attackers. He warned voters that choosing El-Sayed would allow a jihadist into the Senate. Trump's comments were met with applause from supporters, while some attendees shouted insults at El-Sayed. Former US Representative Mike Rogers accused El-Sayed of having ties to the Muslim Brotherhood without providing evidence.
F1's India comeback is gathering speed, but the road to the starting grid is far from clear
Formula 1’s return to Africa has revived hopes of an Indian Grand Prix comeback, with talks involving Formula One Management, the Adani Group and the government gaining momentum. The bigger challenge is not convincing F1 of India’s market potential but fixing the tax, customs and policy problems that drove the race out in 2013, while finding space on an already crowded calendar.
Divided over Israel, Detroit Democrats unite on rising costs for midterm elections
As Detroit voters prepare for the November midterm elections, many emphasize the importance of affordability and economic concerns. Various groups, including Jewish, Muslim, and Black voters, express worries about rising costs impacting their daily lives. Abdul El-Sayed's Senate campaign faces challenges as he seeks support amidst reservations regarding his stance on certain issues. While some voters lean towards economic issues and community safety, they remain hesitant about their voting choices.
International investing for Indians: Mutual funds, GIFT City or direct stocks?
Indian investors have several ways to access global markets, from domestic international mutual funds and GIFT City-based funds to direct overseas investing. Each route differs in cost, accessibility, control, and compliance requirements. Understanding these distinctions can help investors evaluate which approach aligns with their existing portfolio, financial goals, and comfort with managing international investments.
A stone fell onto an Iowa prairie in 1890; a farmer dug up a 66 pound meteorite and sold it for $105
In 1890, an Iowa farmer sold a 66 pound meteorite for $105. A sheriff seized it, the buyer’s university took it back, and the Iowa Supreme Court ruled it belonged to the landowner. A jury later priced the stone at $480.
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