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of <h1>Investment in IFSC Funds: Eligibility and Financial Criteria for Investors as per FEMA and RBI Guidelines.</h1> Investment in alternative or mutual funds in the International Financial Services Centres (IFSC) is subject to specific conditions. Eligible investors include persons residing outside India, non-resident Indians, and certain institutional and high-net-worth individuals in India, as permitted under FEMA and RBI guidelines. Funds must be accepted in foreign currency. Investments are allowed in securities listed or issued in IFSC or by foreign companies. Asset management companies must have a net worth of USD two million, increasing to USD ten million within three years. Additional requirements regarding trustees, custodians, and fund raising are specified by the Board.
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