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ASM Investments

NRI & GIFT CITY

Invest in India from anywhere — cleanly.

One Indian touchpoint that handles investments, repatriation, taxes and succession for families across the GCC, North America, the UK, EU and Singapore — without the usual paperwork burden.

  • GCC
  • US & Canada
  • UK & EU
  • Singapore & SEA

Why most onshore Indian funds don't work for US & Canada NRIs

Most onshore Indian AMCs restrict US and Canada NRIs because of FATCA reporting. Even where they don't, pooled Indian mutual funds can create the PFIC tax trap for US taxpayers — punitive tax treatment and heavy annual filing.

We use GIFT City Portfolio Management Services instead. Securities are held in your own name, which avoids the PFIC problem, and we pair this with a referral to a US-licensed CPA so your US tax position stays clean.

What GIFT City is

GIFT City is India's International Financial Services Centre, located near Gandhinagar. Although it sits in India physically, it is treated as a foreign jurisdiction under FEMA. It is USD-denominated, tax-efficient, and accessible to NRIs from any geography — which makes it the cleanest way for many families abroad to invest into India.

A fuller GIFT City explainer is on the way as a separate guide. In the meantime, the summary above covers what matters for most families.

What we handle for you

  • NRE / NRO / FCNR account setup help
  • GIFT City funds, PMS, USD ULIPs
  • Repatriation and Form 15CA / 15CB via CA partner
  • Cross-border tax pack (US clients paired with a US CPA)
  • Will / succession basics across jurisdictions
  • Service in your time zone

Talk to us about NRI services.

A free 30-minute call in your time zone to map out the cleanest way to invest into India.