Who Can Invest

Eligible Investors

Our investors are , but not be limited to, sophisticated and/or private investors including non-resident Indians, family offices, government institutions, corporates, public sector undertakings, private banks, insurance companies, global development financial institutions, multilateral organizations, and institutional investors, and other permissible investors under applicable laws, including accredited investors.

Who Can Invest

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NRIs

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Foreign investors

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Individuals

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Non-individuals

The above-mentioned investors should be from FATF-compliant jurisdictions.

Who Cannot Invest

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Indian residents

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NRIs and overseas investors residing in nations on the FATF blacklist

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NRIs and overseas investors residing in grey-list countries will require enhanced diligence

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NRIs and overseas investors from China, Hong Kong, and Qatar

Additional Conditions

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The Fund is not available for subscription by resident Indian(s). For investors based in the UAE, only reverse solicitation is permitted.

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Where any investor at the time of onboarding is a non-resident and later has a change in status to ‘Resident Indian,’ such change shall be immediately notified to the FME. The FME shall, per its discretion and evaluation, take necessary steps which may include compulsory redemption for such investor, restriction on further subscription, etc.

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Comparative Tax Framework — NRI Direct Investment vs IFSC AIF

Income Stream	NRI Investing from Singapore into India#	IFSC Cat III AIF (Trust)
Capital gains on listed equity	Exempt (under India–Singapore treaty)	Short term — 20%; long term — 12.5%. Applicable at fund level; exemption for investors
Units of equity-oriented AIF	—	Exempt (under domestic law)
Taxation in hands of investors	Taxable in hands of investors	Investors are exempt from tax
PAN and tax return filing compliance	Applicable	—
GST on management fee / performance fee	Yes	No GST

#Subject to treaty eligibility by providing Form 10F and tax residency certificate. Plus applicable surcharge and cess.

Regulatory Details

SEBI Registered Portfolio Manager · Registration No: INP000006040 · chanakyacapital.in

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FAQ

Frequently Asked Questions

Who is eligible to invest with Chanakya Capital's fund?

Eligible investors include NRIs, foreign investors, individuals, and non-individuals from FATF-compliant jurisdictions, including sophisticated and accredited investors, family offices, corporates, and institutional investors.

Can Indian residents invest in the fund?

No. The fund is not available for subscription by resident Indians.

Are there any restricted jurisdictions?

Yes. NRIs and overseas investors from nations on the FATF blacklist, as well as from China, Hong Kong, and Qatar, cannot invest. Investors from grey-list countries will require enhanced diligence.

What happens if an investor's residency status changes after onboarding?

If a non-resident investor’s status changes to ‘Resident Indian’ after onboarding, this must be immediately notified to the FME, which may take steps including compulsory redemption or restrictions on further subscription.

What tax advantages does investing through an IFSC AIF offer over direct NRI investment?

An IFSC Cat III AIF (Trust) offers investors exemption from tax at the investor level, no GST on management or performance fees, and no PAN/tax return filing requirement — advantages not typically available when investing directly, such as from Singapore into India.