Axis India Multicap Fund

GIFT IFSC is a free trade zone offering tax incentives and cross-border access to financial products. It is treated as a foreign jurisdiction under exchange control laws and regulated by IFSCA, which combines powers of RBI, SEBI, IRDAI, and PFRDA. The center offers a globally competitive tax regime on par with top international financial hubs.

Why INDIA?

India is considered an attractive investment destination because it is one of the world’s fastest-growing economies. It also has one of the youngest populations globally, which contributes to a dynamic and expanding workforce. Additionally, the country is becoming more competitive on the global stage, with a strong push for innovation, infrastructure development, the establishment of manufacturing units, and the implementation of several structural reforms.

The Axis Multicap Fund stands out because it focuses on India’s long-term growth story. It follows a disciplined allocation strategy, investing a minimum of 25% each in large, mid, and small-cap companies. The fund offers a diversified portfolio across different stocks and sectors. It targets high-quality businesses with high return on equity (ROE), including large caps with stable earnings and a mix of niche and scalable mid and small-cap companies that are backed by strong business fundamentals.

Key Tax Aspect

For the Fund:

• No tax treaty issues; taxation clarity at fund level. 
• Redemption gains are tax-exempt as the fund qualifies as a ‘Specified Fund’ (non-resident investors). 

For Investors:

• Distributions and unit transfers from the IFSC fund are tax-exempt. 
• PAN and income tax return filing not required (subject to conditions). 

Overall:
No tax at the master or feeder fund level or for investors in India. Capital gains are exempt, though home country taxation may apply.

Key Documents Required (Individual Investor)

1. ID & Address Proof (any one with photo, name, DOB, address): Passport, Driving License, or Foreign-issued National ID/Voter ID 
2. Bank Proof: Bank statement or bank letter with full details 
3. PAN or equivalent (from home country)