In 2004, Reserve Bank of India (RBI) introduced the Liberalised Remittance Scheme (LRS) (link to the guidelines) relating to how resident Indians, among other things, could diversify their investment portfolios internationally. The LRS scheme was introduced with a limit of $25,000 and revised in stages. Today, as per RBI norms, all resident individuals, including minors, are allowed to freely remit up to $2,50,000 per financial year for any permissible current or capital account transaction or a combination of both. This marks a very important beginning in the manner by which Indians can evaluate global opportunities and unlock value.
UNIFI has commenced building the infrastructure at International Financial Services Centre (IFSC) at GIFT Multi Services SEZ, Gandhinagar, Gujarat. UNIFI Investment Management LLP, registered in GIFT City, is promoted by Unifi Capital Pvt Ltd. UNIFI has a dedicated team with a strong in-house capability to invest globally.
We hope to be ready to offer you this service by January 2023.