GIFT CITY FUNDS
Anthropic IPO: Can Indian investors apply for Claude maker's $64 billion share sale? Check rules
Anthropic, a prominent artificial intelligence company, is planning a significant IPO to raise up to $64.4 billion. The company, founded by former OpenAI executives, aims to attract global investors, including those from India. Indian investors can participate in the offering through overseas brokerage accounts after the listing occurs. While demand for the shares appears strong, most retail investors may miss the IPO allocation.
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.
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.
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.
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.
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.
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.
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