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![[The Viewpoint] IFSCA introduces Concessions for Family Investment Funds in GIFT City - Vimarsana News](https://gumlet.assettype.com/barandbench%2F2023-09%2F717661cd-41b1-4f27-a07a-b11e5ad991a1%2FWhatsApp_Image_2023_09_01_at_12_35_20.jpeg?w=1200&auto=format%2Ccompress&ogImage=true&enlarge=true)
The article discusses a circular through which the IFSCA has introduced relaxations under the IFSCA (Fund Management) Regulations, 2022 to encourage the establishment of family investment funds in the IFSC.
360 ONE Portfolio Managers Ltd - IFSC Branch receives IFSCA approval to act as Fund Management Entity - Non-Retail.
Aditya Birla Sun Life AMC Ltd has been granted approval by IFSCA on November 28, 2022 to act as Registered Fund Management Entity - NonRetail and carry out AIF and PMS through a branch office in International Financial Services Centre in India.