- tabname: Investor categories: - categorytitle: 'KYC & Onboarding' faqitems: - question: > How can I invest in the DSP Global Equity Fund? 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.

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.

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

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

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

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

service.ifsc@dspim.com

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

https://giftcity.dspim.com/

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

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

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

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

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

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

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

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

service.ifsc@dspim.com

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

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

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

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

giftcity.dspim.com

distribution.ifsc@dspim.com

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

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

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: > Will there be interim taxation when the portfolio is churned, as in PMS funds? 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: > Who bears the cost of INR-to-USD conversion and related bank charges? answer: 'The investor bears all conversion and transaction costs - similar to charges on any overseas payment made via credit card or other modes.' - categorytitle: Commission faqitems: - question: > How does DSP IFSC pay commissions to distributors? 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: When are commissions paid? answer: > Commissions are paid on a monthly basis. Brokerage is credited within 5–7 business days upon receipt of a signed invoice. - question: > What are the GST and TDS implications on distributor commissions? 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 - categorytitle: Distributor Dashboard faqitems: - question: > What is a Distributor Dashboard and how is it accessed? 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: How does the Payment Link work? 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: > How does the Generic Investment Link work? 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

- categorytitle: 'Limits & Compliance' faqitems: - question: > What are the filing and documentation requirements for investors? 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: > What is the LRS limit for individual investors? 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: > What is the investment limit for an OPI (Overseas Portfolio Investor)? 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: > Can LRS remittances be consolidated across family members? 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: > Under LRS, must income earned on overseas investments be repatriated? 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

- tabname: Taxation categories: - categorytitle: Basics faqitems: - question: > Who would pay the tax? Whether the Fund or the investors? 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: > Would the income from the Fund be taxed in the hands of investors? 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: > What are the tax implications in respect of Non-resident (NR) investors? 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: > How does the taxation of this Fund differ from other outbound Funds structured as Fund of Funds (FoFs)? 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

- categorytitle: 'Rates & Withholding' faqitems: - question: > What is the tax rate applicable to the Fund? Would the Fund’s income be eligible for indexation benefits? 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: > Will the Fund withhold taxes on redemption / distributions by the Fund? 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. - categorytitle: 'Set-off & TCS' faqitems: - question: > Can loss from the Fund be claimed against income from other sources of income in the hands of the investor? 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: > Who will collect TCS? How will the investors get the credit of TCS? 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.

- categorytitle: 'Tax Certificates & Disclosures' faqitems: - question: > Will the Fund issue tax certificates to the investors? 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: 'Can income of the Fund & taxes paid for any FY be shared at investor level?' 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: > How would the investors disclose income from the Fund while filing their return of income? 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: > Are the investors required to disclose their investment in the Fund in Schedule Foreign Assets in their tax returns? 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.

- categorytitle: Other Taxation Aspects faqitems: - question: > What is the periodicity of income tax payment? How is tax liability accounted in NAV? 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.

- tabname: NAV categories: - categorytitle: Fund Operations faqitems: - question: ' Can the Fund borrow?' 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: > Where can the Fund make temporary investments? 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: > What is the Total Expense Ratio (TER) of the fund? 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

- categorytitle: NAV Computation faqitems: - question: > How is the NAV computed? Is NAV pre-tax or post-tax? 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: > Whether income tax will be computed on unrealised gains also? 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

Historical NAV

Current NAV

$9.161 as of Jul 27, 2026

No Data Found