New Delhi, July 3 -- India's first retail-focused offshore mutual fund has quietly opened its doors-not from Mumbai, but from the country's nascent international finance hub, GIFT City.

DSP Mutual Fund's new Global Equity Fund, launched on 2 June, allows Indian residents to invest as little as $5,000 in a diversified basket of global stocks-without relying on offshore brokerages, feeder funds, or cumbersome tax filings. It's the first open-ended mutual fund targeting retail investors to debut under GIFT City's updated 2025 framework, and a litmus test of whether the finance hub can truly broaden access beyond institutions and high-net-worth individuals.

Mirae Asset Mutual Fund has also received similar approval from the International Fi...