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Sagar Gaba

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Principal Associate in the Investment Funds Practice at Mumbai office of Cyril Amarchand Mangaldas. Sagar advises domestic fund managers on formation and structuring of alternative investment funds. He also undertakes drafting of associated fund documents and advises domestic fund managers on regulatory issues.  He can be reached at sagar.gaba@cyrilshroff.com

Specialized Investment Funds: New Investment Product of The Hour

The Securities and Exchange Board of India (“SEBI”) announced the establishment of ‘Specialized Investment Funds’ (“SIF”) vide its amendment to the SEBI (Mutual Funds) Regulations, 1996 (“Mutual Fund Regulations”), effective December 16, 2024. The amendment was aimed at introducing a new asset class to bridge the gap between Mutual Funds (“MFs”) and Portfolio Management Services (“PMS”). SEBI vide its circular dated February 27, 2025, laid down a comprehensive regulatory framework for SIFs (effective April 1, 2025).Continue Reading Specialized Investment Funds: New Investment Product of The Hour

Fund structures are gaining popularity among wealthy individuals in India as optimum structures to help with wealth planning, investments, and tax management. Family offices are viewing GIFT City, India’s first international financial services centre (“IFSC”), for the purpose of facilitating global investments in a structured manner. Continue Reading IFSCA Relaxes Rules for Family Investment Funds in GIFT City