Question 1

How can I invest in the DSP Global Equity Fund?

Accepted Answer

You can invest through either a digital or a physical route.

Digital Route: Visit  https://giftcity.dspim.com/ and click on "Invest Now", then enter your PAN and date of birth. New investors can complete KYC digitally using Aadhaar e-Sign and get their folio created instantly, while existing investors are taken directly to the payment page for a top-up. Funds can be remitted digitally by ICICI, HDFC, or Axis Bank customers, or via net banking or offline modes for other banks.

Physical Route: Download the application form from the website, fill in your details, and submit the signed and attested documents to ifsc.investor@dspim.com. Once verified, you will receive your folio number, after which you can send the original documents to the DSP GIFT City office, remit funds through your bank, and share the transfer proof to complete the process.

Question 2

What is the TAT for doing KYC for GIFT City at present?

Accepted Answer

Digital Process: KYC and folio creation is instant.

Physical Process: Folio creation takes up to T+2 days from the time complete and correct documents are received. Once the remittance is made and confirmed, units are allocated within T+1 day, subject to a cut-off time of 12:00 PM.

Question 3

What is the process for investing in this fund online?

Accepted Answer

Step 1: Folio creation
Visit  https://giftcity.dspim.com/ and click Invest Now (available for both Regular and
Direct share classes)
Investor must complete his/ her KYC following the process on the website and must
possess a valid CKYC number (KIN). Video walkthrough available at:
https://youtu.be/5eaYzaubL0E?si=y_npmnNfiyGdy658

Step 2: Fund transfer
Once the folio is created and bank details are registered, initiate transfer from the
same website
Supported banks: HDFC Bank, ICICI Bank, Axis Bank, and IDFC Bank
Net banking must be active for the relevant account

Question 4

What is the process for investing in this fund through the physical route?

Accepted Answer

Step 1: Folio creation (2 to 3 business days)
Download and fill in the application form from the website.
Scan the filled form with all supporting documents and send to ifsc.investor@dspim.com
CAMS will review and follow up if anything is missing; once verified, the account is set up with a zero balance
Courier the original signed form and documents to: DSP Fund Managers IFSC Pvt. Ltd.,508-509, 5th Floor, Pragya 2, GIFT SEZ, Gift City, Gandhinagar, Gujarat - 382050, India
Folio creation: T+2 business days from receipt of complete documentation

Step 2: Fund transfer / remittance (1 business day)
Visit an RBI-authorized dealer branch (refer to https://www.rbi.org.in/scripts/category.aspx
Carry the original PAN card
At the branch, fill Form A2 with the investment amount and remit in USD to the DSP IFSC account as mentioned on the application form
Email proof of remittance to ifsc.investor@dspim.com
Unit allocation: T+1 business day from remittance confirmation, with a cut-off
time of 12:00 PM

Question 5

Who needs to submit a CKYC form, and how can a KIN be verified?

Accepted Answer

Only investors who do not yet have a KIN need to submit the CKYC form. To check if a
KIN exists:
Missed call to 7799022129 from the registered mobile number — KIN details will be
sent by SMS
Visit https://ckycindia.in/kyc/getkyccard
and enter details to generate a CKYC card
Log in to DigiLocker, search for CKYC or KYC Record, and download the card if
available

Question 6

What documents are required to invest?

Accepted Answer

The full document checklist is included in the application form available on the website.

Question 7

Who can invest in the Global Equity Fund?

Accepted Answer

Resident Indians (individuals)
Listed and unlisted companies (private or public)
Limited Liability Partnerships (LLPs)
Partnership firms registered under the Indian Partnership Act, 1932
NRIs, subject to applicable jurisdictions and regulations

For NRI-specific queries, write to
service.ifsc@dspim.com

Question 8

What currency is used for investments and payouts?

Accepted Answer

The fund is USD-denominated which means subscriptions and redemptions are processed in US Dollars
The fund may invest in markets where securities are priced in other currencies such
as EUR, JPY, or GBP

Question 9

Is a USD account or a GIFT City account required to invest?

Accepted Answer

No. Funds can be remitted from an INR bank account. There is no requirement to hold a GIFT City-based or USD account to invest or redeem.

Question 10

How can the investment portfolio be viewed?

Accepted Answer

Log in to https://giftcity.dspim.com/ and click the ‘View My Investment’ tab. From here, an investor can view their current investments and returns and download statements of account. Redemption will be enabled soon.

Question 11

Where can account statements and NAV details be accessed?

Accepted Answer

Post-tax NAV is published daily on the website
A monthly fact sheet is also available on the same page

Question 12

What is the investment limit for individual investors?

Accepted Answer

The annual LRS limit is USD 250,000 per individual
Funds already held overseas can be invested in the fund over and above this limit

Question 13

Can LRS remittances be consolidated across family members?

Accepted Answer

Yes, provided each member independently meets the scheme conditions
The limit is USD 250,000 per person per PAN. So, a family of four can collectively remit
up to USD 1,000,000
Pooling is permitted only when investing as a combined sum, and all members are blood relatives

Question 14

Under LRS, must income earned on overseas investments be repatriated?

Accepted Answer

Income earned on overseas investments can be retained and reinvested
Any foreign exchange that remains uninvested must be repatriated and surrendered to an authorised person within 180 days

Question 15

Can an individual invest more than USD 250,000 under LRS?

Accepted Answer

Yes. Investors who wish to remit beyond the LRS limit may approach the RBI directly with the documents required by their Authorized Dealer bank.

Question 16

What are the minimum investment amounts and Total Expense Ratio (TER)?

Accepted Answer

Class of Units
Minimum Initial Subscription
Total Expense Ratio (TER)
Additional Subscription

A (Regular)
USD 5,000 and above
Up to 1.75%
USD 500

B (Direct)
USD 5,000 and above
Up to 1%
USD 500

TER includes management fees, trusteeship fees, and operating expenses.

Question 17

Who bears the cost of INR-to-USD conversion and related bank charges?

Accepted Answer

The investor bears all conversion and transaction costs, like charges on any overseas payment made via credit card or other modes.

Question 18

How does the Global Equity Fund differ from a PMS or AIF investing globally?

Accepted Answer

The Global Equity Fund offers a lower minimum investment size of USD 5,000, active management across global markets, no performance fees, and direct USD exposure that can act as a natural hedge against USD inflation. In comparison, most globally-oriented PMS and AIF structures typically require larger ticket sizes and charge performance fees in addition to management fees.

Question 19

What NAV is applicable at the time of unit allotment?

Accepted Answer

Units are allotted at USD 10.00 per unit.

Question 20

How are redemptions processed?

Accepted Answer

Requests are processed at the relevant Dealing Day's NAV, after applicable exit charges
Redemptions are irrevocable once submitted, unless the FME permits otherwise
FIFO (First-In-First-Out) method applies when units were purchased on different dates
Proceeds, net of taxes, fees, and transaction costs, are available within 7 business days
For partial redemptions, if the remaining balance falls below USD 1,000, the FME may redeem all units
In joint holdings, all holders must sign unless the account is marked Anyone or Survivor in which case the payment is made to the first-named holder in all cases

Question 21

What is the exit load?

Accepted Answer

1% exit load applies to redemptions made within 24 months of unit allotment
No exit load after 24 months

Question 22

Where are redemption proceeds paid?

Accepted Answer

Proceeds are remitted in USD to the investor's designated bank account
Investors may opt to repatriate to an INR account or a foreign currency account such as one in GIFT City, subject to their bank's mandate and LRS provisions

For further queries, write to: service.ifsc@dspim.com

Question 23

What is the process for investing in the fund online?

Accepted Answer

Step 1: Folio creation
Distributors can share the Generic Investment Link with clients, who can complete folio creation digitally through the portal
Alternatively, visit https://giftcity.dspim.com and click Invest Now (available for
both Regular and Direct share classes)
Eligibility: resident Indian individual, single holding only, aged 18 or above, valid
CKYC number (KIN) required

Step 2: Fund transfer
Once the folio is created, generate a Payment Link from the Distributor Dashboard and share it with the client
Supported banks: HDFC Bank, ICICI Bank, Axis Bank, and IDFC Bank
Net banking must be active for the relevant account

Question 24

What is the process for investing in the fund through the physical route?

Accepted Answer

Step 1: Folio creation (2 to 3 business days)
Download and complete the application form from the website
Scan the filled form with all supporting documents and send to service.ifsc@dspim.com
CAMS will review and follow up if anything is missing; once verified, the account is
set up with a zero balance

Courier:
Send the original signed form and documents to: DSP Fund Managers IFSC Pvt. Ltd., 508-509, 5th Floor, Pragya 2, GIFT SEZ, Gift City, Gandhinagar, Gujarat - 382050, India

Step 2: Fund transfer / remittance (1 business day)
Visit an RBI-authorised dealer branch (refer to https://www.rbi.org.in/scripts/category.aspx
Carry the original PAN card
At the branch, fill Form A2 with the investment amount and remit in USD to the DSP IFSC account as mentioned on the application form
Email proof of remittance to service.ifsc@dspim.com

Question 25

How can an investor access their KIN number?

Accepted Answer

Missed call to 7799022129 from the registered mobile number — KIN details will be sent by SMS
Visit https://ckycindia.in/kyc/getkyccard and enter details to generate a CKYC card

Question 26

What are the turnaround times for KYC and unit allocation?

Accepted Answer

Folio creation: T+2 business days from receipt of complete documentation
Unit allocation: T+1 business day from remittance confirmation, with a cut-off time of 12:00 PM

Question 27

Who can distribute the DSP Global Equity Fund?

Accepted Answer

All distributors empaneled with DSP Fund Managers IFSC Private Limited, including both ARN and non-ARN entities, are eligible to distribute the fund.

Question 28

How does a distributor get empanelled?

Accepted Answer

Existing AMFI-registered distributors and those already empaneled with DSP AMC (domestic entity) can complete the empanelment process online at giftcity.dspim.com.

Other distributors and non-ARN entities can initiate the physical empanelment process by writing to distribution.ifsc@dspim.com for further guidance.

Question 29

Who are the target investors for this fund?

Accepted Answer

The fund accepts investments from resident Indians, including individuals, private limited companies, LLPs, registered partnerships, and corporates.

Question 30

Can the DSP Global Equity Fund be marketed anywhere in the world?

Accepted Answer

No. Distributors must confirm with DSP before marketing the fund in any specific jurisdiction, as many countries require prior registration or filings before a fund can be offered to investors there.

Question 31

Do investors need any regulatory or sectoral approval to invest?

Accepted Answer

No additional approval is required. Investments are made under the automatic route.

Question 32

What are the minimum investment amounts and TER?

Accepted Answer

Class of Units
Minimum Initial Subscription
Total Expense Ratio (TER)
Additional Subscription

A (Regular)
USD 5,000 and above
Up to 1.75%
USD 500

B (Direct)
USD 5,000 and above
Up to 1%
USD 500

Question 33

What are the tax implications for investments in the Global Equity Fund?

Accepted Answer

Security Type
Holding Period for Long-Term Gains
Long-Term Capital Gains
Short-Term Capital Gains
Dividend / Income from Units

Equity shares listed on overseas stock exchange
24 months
14.95%
42.744%
35.88%

All taxes are paid using the fund's PAN and do not appear against the investor's PAN
No tax on gains at the time of redemption or on distributions made by the fund
No TDS is deducted on redemptions or distributions

Corporate investors
Where MAT applies and the fund's income is credited to the investor's profit and loss account, it may be subject to Minimum Alternate Tax. Corporate investors are advised to consult their auditors and tax advisors on the disclosure and MAT implications.

Tax Collected at Source (TCS)
TCS at 20% applies to remittances above INR 10 lakhs, collected by the remitting bank
The bank will issue Form 27D; investors can claim credit for TCS when filing income
tax returns

Question 34

Will there be interim taxation when the portfolio is churned, as in PMS funds?

Accepted Answer

No. Tax is paid at the fund level. Post-tax NAV is published on a daily basis, so the impact of any portfolio churn is already reflected in the NAV investors see.

Question 35

Who bears the cost of INR-to-USD conversion and related bank charges?

Accepted Answer

The investor bears all conversion and transaction costs - similar to charges on any overseas payment made via credit card or other modes.

Question 36

How does DSP IFSC pay commissions to distributors?

Accepted Answer

Commissions are paid in USD or INR and can be remitted to the distributor's INR bank account. The following categories of distributors are appointed:

Distributors registered in GIFT City
AMFI-registered distributors with a GSTIN, not registered in GIFT City
AMFI-registered distributors without a GSTIN, not registered in GIFT City

Question 37

When are commissions paid?

Accepted Answer

Commissions are paid on a monthly basis. Brokerage is credited within 5–7 business days upon receipt of a signed invoice.

Question 38

What are the GST and TDS implications on distributor commissions?

Accepted Answer

Distributor Location
GST
TDS

Distributors based in GIFT IFSC

Choice of distributor:

Supply to SEZ unit under LUT without payment of IGST, or
Supply to SEZ unit with payment of IGST — distributor discharges IGST liability and claims GST refund from tax authorities.

Not applicable

Distributors based in Mainland India (outside GIFT) but registered in GST
GST shall not be applicable on the transaction.

For further queries, write to: distribution.ifsc@dspim.com

Question 39

What is a Distributor Dashboard and how is it accessed?

Accepted Answer

The Distributor Dashboard is available at https://giftcity.dspim.com/distributor. Empanelled distributors can log in using their ARN code and the PAN linked to the ARN, and complete verification via OTP sent to the registered mobile number and email ID.
The dashboard provides access to:

A report on the distributor’s overall business with DSP IFSC
Brokerage amount display
Investor data including name, current AUM, net investments, and brokerage details
Generic Investment Link to share with clients for online folio creation
Payment Link to generate a client-specific link for fund transfer after folio creation

Question 40

How does the Payment Link work?

Accepted Answer

For clients whose folio is already created, distributors can generate a payment link by
logging into the dashboard and clicking the payment link icon against the relevant client.

The link is valid for 48 hours
Clients can initiate payment directly through the link within their existing folio
No additional documentation is required after the fund transfer is made

Question 41

How does the Generic Investment Link work?

Accepted Answer

Distributors can generate a Generic Investment Link from the dashboard and share it with
clients over email, WhatsApp, or SMS to initiate folio creation digitally.

The ARN of the distributor is auto-embedded in the link so there’s no risk of missed attribution
Provides seamless investor onboarding through the portal

Question 42

What are the filing and documentation requirements for investors?

Accepted Answer

For resident individuals, no direct filing with RBI is required. The following documents
must be submitted to the Authorised Dealer (AD) bank:

Form A2
KYC documents (PAN card and others)
Declaration under FEMA and LRS guidelines

Question 43

What is the LRS limit for individual investors?

Accepted Answer

The annual LRS limit is USD 250,000 per resident Indian individual per PAN
Funds already held overseas can be invested in the fund over and above this limit

Question 44

What is the investment limit for an OPI (Overseas Portfolio Investor)?

Accepted Answer

An Indian entity making OPI investments must ensure the total investment does not exceed 50% of its net worth as per the last audited balance sheet.

Question 45

Can LRS remittances be consolidated across family members?

Accepted Answer

Yes, provided each member independently meets the scheme conditions
The limit is USD 250,000 per person per PAN - a family of four can collectively remit up to USD 1,000,000
Pooling is permitted only when investing as a combined sum, and all members areblood relatives

Question 46

Under LRS, must income earned on overseas investments be repatriated?

Accepted Answer

Income earned on overseas investments can be retained and reinvested
Any foreign exchange that remains uninvested must be repatriated and surrendered to an authorised person within 180 days

Question 47

Who would pay the tax? Whether the Fund or the investors?

Accepted Answer

DSP Global Equity Fund (‘Fund’) is set up as an irrevocable determinate
trust and is registered with the International Financial Services Centres
Authority (‘IFSCA’) as a Retail Fund under the IFSCA (Fund Management)
Regulations, 2025.
There are no express provisions in the Income tax Act (‘ITA’) dealing with
the taxability of a Retail Fund in IFSC. Typically, the taxability of a Fund
depends on the structure of the Fund. Since the Fund is set up as a trust,
trust taxation principles apply.
In the case of a determinate irrevocable trust, the income earned by the
trust is generally assessed in the hands of trustee of the Fund in like
manner and to the same extent, in the capacity of a representative
assessee.
Practically, the Fund will discharge taxes on the income earned by it. Such
taxes would be deposited using the Permanent Account Number (‘PAN’) of
the Fund and would not be reflected against the PAN of the investor.
Further, any loss in

Question 48

Would the income from the Fund be taxed in the hands of investors?

Accepted Answer

For all practical purposes, as the Trustee of the Fund discharges the entire tax liability on the income earned by the Fund (in the capacity of a representative assessee) at the highest applicable tax rates, income distributed by the Fund to the investor should arguably not be taxable again in their hands.

Additionally, there should arguably be no additional tax liability at the time of redemption of units by the Fund. However, in the absence of specific guidance, there is a risk of the Tax authority alleging otherwise.

Where the income distributed/credited by the Fund forms part of the income credited to the profit and loss account prepared by corporate beneficiaries to whom the provisions of Minimum Alternate Tax (‘MAT’) under the ITA are applicable, such income could be subject to MAT in the absence of a specific provision permitting reduction of such income from the book profits computed under the MAT provisions.

The disclosure of income arising from investment in the Fund and MAT implications thereon would largely depend on the accounting treatment adopted by the taxpayer. Accordingly, it is recommended that corporate investors consult their own auditors and tax consultants with respect to accounting of the income received from the Fund and the computation of MAT liability in their hands.

Question 49

What are the tax implications in respect of Non-resident (NR) investors?

Accepted Answer

As mentioned above, this Fund is subject to Indian taxes which will be
discharged by the Fund and accounted in the NAV. Therefore, any
distributions by the Fund or gains on redemptions should not be subject to
further taxes in India in the hands of the investors. Therefore, question of
registering DTAA does not arise.
However, the NR would be subjected to Indian taxes (via NAV) and
depending upon the tax laws prevailing in the country of residence of the
NR, they may be subjected to taxes on investment in this Fund in their
home country as well.
We would recommend NR to read and understand the tax implications
before investing in this Fund

Question 50

How does the taxation of this Fund differ from other outbound Funds structured as Fund of Funds (FoFs)?

Accepted Answer

Some outbound funds in Gift City are structured as FoFs i.e. instead of
investing in global stocks directly, these funds invest in another Fund set
up overseas (generally in a country which enjoys tax exemption) which in
turn invests in global stocks.
Even in case of such FoFs, Indian taxes are applicable on investment in the
overseas Fund. If the FoF were to sell the units of the overseas Fund, the
FoF would potentially generate capital gains and tax liability thereon.
Further, the FoF would also accoun

Question 51

What is the tax rate applicable to the Fund? Would the Fund’s income be eligible for indexation benefits?

Accepted Answer

Under the ITA, indexation has been discontinued with effect from 23 July
2024. Accordingly, the Fund will pay tax on income from its investments as
per the applicable tax rates.
Current rates of tax on income from global equities is mentioned below.
The same may be subject to change as notified by the Government from
time to time.

Security Type
Holding Period for Long Term Gains
Long Term Capital Gains
Short Term Capital Gains
Dividend / Income from Units

Equity share listed on Overseas stock exchange
24 Months
14.95%
42.744%
35.88%

Question 52

Will the Fund withhold taxes on redemption / distributions by the Fund?

Accepted Answer

As the entire tax liability on the income earned by the Fund is discharged
by the Trustee of the Fund (in the capacity of a representative assessee),
no tax shall be withheld by the Fund while making the redemptions/
distributions.

Question 53

Can loss from the Fund be claimed against income from other sources of income in the hands of the investor?

Accepted Answer

As mentioned above, any loss incurred by the Fund shall be set off and
carried forward at the Fund level. Accordingly, the investor shall not be
eligible for set-off and carry forward loss incurred by the Fund against
income from any other source in its hands.

Question 54

Who will collect TCS? How will the investors get the credit of TCS?

Accepted Answer

TCS at the rate of 20% will be collected on investment amount in excess
of INR 1 million by the authorized dealer (‘AD’) i.e. the remitting bank of the investor investing under the Liberalised remittance route. The same would be reported to income tax authorities by the AD under the investor’s PAN and TCS certificate (Form 27D) will be issued by the AD.
Accordingly, it will be reflected in Form 26AS of the investor and they can claim credit of the same against their income tax liability while filing their Return of Income.
We request investors to consult their remitting banks for TCS related queries.
Further, OPIs will not be subject to TCS on their investments in the Fund. TCS is applicable on remittances made under the LRS scheme of RBI which is meant for resident individuals only.

Question 55

Will the Fund issue tax certificates to the investors?

Accepted Answer

The Fund will issue Tax Certificates to the investors at the end of each
Financial Year once the Financial Statements are approved by the Board of
Directors (generally around mid-July). As explained above, tax is
discharged at the Fund level and accordingly, the Certificates would
reflect the overall tax liability discharged by the Fund for that FY. It will not
indicate investor level break up of income or tax paid.

Question 56

Can income of the Fund & taxes paid for any FY be shared at investor level?

Accepted Answer

The books of accounts are maintained at fund level and not at investor
level. Thus, share of income earned, expenses incurred and taxes paid
cannot be shared at an investor level.

Question 57

How would the investors disclose income from the Fund while filing their return of income?

Accepted Answer

The investor would have to show income from the Fund as an exempt
income. In the schedule for “Details of Exempt Income” (Income not to be
included in Total Income) this may be disclosed under “Others”.

Question 58

Are the investors required to disclose their investment in the Fund in Schedule Foreign Assets in their tax returns?

Accepted Answer

No, the investors should not be required to disclose their investments in
the Fund under the Schedule of Foreign Assets in their ITR as they hold
units of the Fund which is domiciled in India.
The global stocks are held by the Fund (and not investors directly). Hence,
the Fund would disclose them under the schedule of Foreign Assets in the
Fund’s ITR.

Question 59

What is the periodicity of income tax payment? How is tax liability accounted in NAV?

Accepted Answer

Income tax payment will be made in accordance with the norms
prescribed under Income Tax Act, 1961, i.e. the Fund will follow the
guidelines prescribed for advance tax payments (June 15th, September
15th, December 15th, March 15th and March 31st). However, provision for
tax will be made on a daily basis by charging the tax liability to the NAV of
the Fund.
Further, advance tax payments made on the respective date, could fall
short of the actual liability computed at the end of the FY. As a result,
interest under section 234B and 234C will be charged, accounted and paid
off in the NAV at the end of the FY.

Question 60

Can the Fund borrow?

Accepted Answer

Yes, as per the offer document, the Fund can borrow to meet temporary
liquidity needs for the purpose of redemption. Provided that the fund shall
not borrow more than twenty per cent (20%) of the AUM of the scheme and
the duration of such a borrowing shall not exceed six (6) months.

Question 61

Where can the Fund make temporary investments?

Accepted Answer

As per the offer document, Fund can invest in certificates of deposit, units
of investment schemes such as overnight, liquid or money market
schemes, money market instruments, bank deposits or any other
securities or financial assets or instruments as may be specified by the
IFSCA from time to time and as permitted under the applicable Laws and
the Offer Document. Any gains arising to the Fund from such temporary
investments shall be accrued in the Fund and shall form part of the NAV of
the Fund.

Question 62

What is the Total Expense Ratio (TER) of the fund?

Accepted Answer

Class A units – Management fees upto 1.50% per annum and operating expense of 0.25% per annum
Class B units– Management fees upto 0.75% per annum and operating
expense of 0.25% per annum

Question 63

How is the NAV computed? Is NAV pre-tax or post-tax?

Accepted Answer

NAV will be computed on daily basis based on below methodology and will
be published on our website https://giftcity.dspim.com. The published
NAVs will be post considering the applicable taxes.

Particulars
Total (USD)
Per unit (USD)

Opening AUM (A)
1,000,000
10.00

Add: Income during the period - Realised STCG (B)
15,000
0.15

Add: Income during the period - Unrealised STCG (C)
50,000
0.50

Less: Expenses Accrual (D)
-5,000
-0.05

AUM after Net Income (E = A + B + C - D)
1,060,000
10.60

A) Subscription NAV (Book NAV)

Less: Tax on realised capital gains - STCG @ 42.74% (F = B × 42.74%)
-6,411
-0.06

Less: Tax on unrealised capital gains - LTCG @ 14.95% (G = C × 14.95%)
-7,475
-0.07

Subscription NAV (H = E - F - G)
1,046,114
10.46

B) Redemption NAV

Less: Tax on realised capital gains - STCG @ 42.74% (I = B × 42.74%)
-6,411
-0.06

Less: Tax on unrealised capital gains - STCG @ 42.74% (J = C × 42.74%)
-21,370
-0.21

Redemption NAV (K = E - I - J)
1,032,219
10.32

* No of units is 100,000

Question 64

Whether income tax will be computed on unrealised gains also?

Accepted Answer

The Fund is an open-ended fund, which means investors can buy or sell
the units on a daily basis. The Fund would compute tax on unrealized gains
for equitable distribution of tax liability to all investors.
In case if the Fund were to compute tax only on realised gains, it could
result in a situation where an outgoing investor redeems the units at a
higher price (since tax on unrealized gains is not factored). In such a
scenario, the remaining investors and new investors may have to share a
higher tax burden in subsequent periods.
Therefore, Book NAV will be computed every day, after accounting for all
fees, expenses and taxes on realised and unrealised gains. For the purpose
of computing tax on unrealised gains in Book NAV, it will be assumed that
all the gains are long term irrespective of the holding period as on the NAV
date and accordingly tax on unrealised gains would be computed at the
rate of 14.95%. Units purchased will be allotted based on the Book NAV.

The redemption NAV would be different from the Book NAV. In addition to
the taxes factored in the book NAV, the redemption NAV would factor
incremental tax on short-term portion of the unrealised portfolio (i.e.
42.74% - 14.95%).
An exit load of one per cent will be charged for units redeemed within two
years from the date of purchase.

Reach out to invest in this fund

Frequently Asked Questions

How can I invest in the DSP Global Equity Fund?

What is the TAT for doing KYC for GIFT City at present?

What is the process for investing in this fund online?

What is the process for investing in this fund through the physical route?

Who needs to submit a CKYC form, and how can a KIN be verified?

What documents are required to invest?

Who can invest in the Global Equity Fund?

What currency is used for investments and payouts?

Is a USD account or a GIFT City account required to invest?

How can the investment portfolio be viewed?

Where can account statements and NAV details be accessed?

What is the investment limit for individual investors?

Can LRS remittances be consolidated across family members?

Under LRS, must income earned on overseas investments be repatriated?

Can an individual invest more than USD 250,000 under LRS?

What are the minimum investment amounts and Total Expense Ratio (TER)?

Who bears the cost of INR-to-USD conversion and related bank charges?

How does the Global Equity Fund differ from a PMS or AIF investing globally?

What NAV is applicable at the time of unit allotment?

How are redemptions processed?

What is the exit load?

Where are redemption proceeds paid?

What is the process for investing in the fund online?

What is the process for investing in the fund through the physical route?

How can an investor access their KIN number?

What are the turnaround times for KYC and unit allocation?

Who can distribute the DSP Global Equity Fund?

How does a distributor get empanelled?

Who are the target investors for this fund?

Can the DSP Global Equity Fund be marketed anywhere in the world?

Do investors need any regulatory or sectoral approval to invest?

What are the minimum investment amounts and TER?

What are the tax implications for investments in the Global Equity Fund?

Will there be interim taxation when the portfolio is churned, as in PMS funds?

Who bears the cost of INR-to-USD conversion and related bank charges?

How does DSP IFSC pay commissions to distributors?

When are commissions paid?

What are the GST and TDS implications on distributor commissions?

What is a Distributor Dashboard and how is it accessed?

How does the Payment Link work?

How does the Generic Investment Link work?

What are the filing and documentation requirements for investors?

What is the LRS limit for individual investors?

What is the investment limit for an OPI (Overseas Portfolio Investor)?

Can LRS remittances be consolidated across family members?

Under LRS, must income earned on overseas investments be repatriated?

Who would pay the tax? Whether the Fund or the investors?

Would the income from the Fund be taxed in the hands of investors?

What are the tax implications in respect of Non-resident (NR) investors?

How does the taxation of this Fund differ from other outbound Funds structured as Fund of Funds (FoFs)?

What is the tax rate applicable to the Fund? Would the Fund’s income be eligible for indexation benefits?

Will the Fund withhold taxes on redemption / distributions by the Fund?

Can loss from the Fund be claimed against income from other sources of income in the hands of the investor?

Who will collect TCS? How will the investors get the credit of TCS?

Will the Fund issue tax certificates to the investors?

Can income of the Fund & taxes paid for any FY be shared at investor level?

How would the investors disclose income from the Fund while filing their return of income?

Are the investors required to disclose their investment in the Fund in Schedule Foreign Assets in their tax returns?

What is the periodicity of income tax payment? How is tax liability accounted in NAV?

Can the Fund borrow?

Where can the Fund make temporary investments?

What is the Total Expense Ratio (TER) of the fund?

How is the NAV computed? Is NAV pre-tax or post-tax?

Whether income tax will be computed on unrealised gains also?