Mumbai, Aug. 6 -- Accreditation is quietly reshaping access to global investing for Indian and NRI investors at India's gateway for global financial and capital market investments.

GIFT City is already home to a total of 229 alternative investment funds (AIFs) and venture capital (VC) funds, shows the January-March bulletin of the International Financial Services Centres Authority-the regulator for offshore finance.

The majority of these funds are inbound, allowing non-resident Indians (NRIs) and foreigners to invest in India, with assets worth $5.7 billion under management.

Outbound funds-enabling Indian investors to diversify globally-manage investments worth $842 million.

But both types of AIFs have a minimum ticket size of $150,00...