Alerts & Updates 29th Jul 2026
IFSCA has issued an Informal Guidance Letter clarifying that subscriptions to, and redemptions from, AIFs and mutual funds may be paid from e-wallets issued by authorised payment service providers. Our note briefly examines the regulatory position of e-wallets in India and GIFT-IFSC and the practical implications of this Guidance for Fund Management Entities and investors operating in GIFT-IFSC.
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