The International Financial Services Centres Authority (IFSCA) has granted registration to the first foreign Family Office structured as a Family Investment Fund under the IFSCA (Fund Management) Regulations, 2025. This marks a significant milestone for the GIFT International Financial Services Centre (IFSC) as it seeks to expand its private wealth services.
The registration, linked to a UK-based family office, has been awarded to Poornam Asset Management (IFSC) Pvt Ltd, which serves as the fund management platform for this structure, according to official sources who communicated the information to businessline on Monday. This development underscores the increasing interest in regulated family office models within GIFT IFSC, especially under the evolving Family Investment Fund framework.
An IFSCA announcement, which did not specify the family office, indicated that the approval signifies a major step towards establishing a globally competitive and flexible regulatory environment for foreign family offices and private wealth structures. The framework facilitates the efficient structuring of family wealth through well-governed fund mechanisms within the IFSC.
The Family Investment Fund structure aims to facilitate cross-border capital deployment, allowing families to manage diversified investment portfolios across both Indian and global markets via a regulated platform. The IFSCA noted that this development enhances GIFT IFSC’s appeal as a destination for international fund management, offering regulatory efficiency, capital mobility, and access to a broad range of global investment opportunities.
Moreover, the announcement emphasized that this initiative reinforces GIFT IFSC’s status as an emerging global hub for private wealth management and alternative investment structures.
The article was published on April 20, 2026.
