New Delhi, Sept. 24 -- Non-residents and overseas investors who could not invest in India through the GIFT City because of the high upfront fund requirement can now take exposure to the domestic market for as low as $500.

Until recently, such investors had to set aside $150,000 ( Rs.1.32 crore) to invest in India through inbound GIFT City Alternate Investment Funds (AIFs). But the launch of retail funds has lowered this barrier.

Tata India Dynamic Equity Fund, a retail fund domiciled in GIFT City, accepts a ticket size of $500, which will feed into domestic equity mutual funds and exchange-traded funds of Tata Asset Management Co. The fund will invest between 50% and 100% in large, mid-, small, multi-, and flexi-cap schemes and allocate...