Offshore mutual fund specification conditions tax-preferential recognition on trustee continuity and remittance compliance. Central Government specifies Indbank Invesco (Offshore) Fund as an Offshore Mutual Fund subject to the continuing role of Indian Bank as trustee, compliance with conditions imposed by the fund and regulators, remittance of investment amounts into India through normal banking channels with bank certificates evidencing receipts, and repatriation to India through normal banking channels of trustee, custodian and related fees payable to the fund's administrator.