Page 2 - Offshore Funds

Leaders under fire as leaked papers open 'Pandora' box of financial secrets

Hundreds of leaders, politicians, billionaires, celebrities, and drug dealers have been hiding investments in mansions, yachts and other assets for past quarter-century, according to Pandora Papers

Pakistan power elite to ex-British PM: Revelations from Pandora papers leak

Moving money through offshore accounts, in mostly low-tax jurisdictions, is legal in most countries, and many of the people named in the data release aren't accused of criminal wrongdoing

Budget sops may spur up to 10% Mauritius funds to relocate to IFSC

Experts say while global funds may want to consider shifting their India portfolios to IFSC, the move would result in splitting the fund into two, which may not be acceptable to investors

India-focussed offshore funds, ETFs see $986 mln outflow in Dec qtr: Report

This makes it the eleventh consecutive quarter of withdrawals

India-focused offshore funds, ETFs see $1.5 bn outflow in June quarter

The total outflow from the category has reached to $6.5 billion so far in this calendar year (until June 2020), which is noticeably higher than the $5.9 billion outflow in the full 2019 calendar year

CBDT sets a minimum fee for managers of India-based offshore funds

The Finance Act, 2015, had introduced Section 9A to encourage fund management activity from India and provide a safe harbour to onshore managements of offshore funds

India-focussed offshore funds, ETFs see $5-bn outflow in March quarter

In comparison, a net outflow of $2.1 billion was witnessed during the quarter ended December

India-focused offshore funds see $1.2-billion outflows in February

Listed emerging market flows were negative for all countries, except Brazil and Russia.

Singapore overhauls fund regime to bolster industry, attract offshore funds

Country likely to edge out Mauritius as a favoured destination for offshore funds

Looking at Budget with hope for making offshore funds India-friendly

The objective of introducing this Section was to ensure offshore funds do not pay incremental tax just because those are managed out of India.

Industry players lobby for relaxation of offshore fund taxation rules

According to current norms, the total investment of a person resident in India, whether directly or indirectly, shall not be more than 5 per cent of the fund corpus

Mauritius puts India-focussed funds, others under its regulatory lens

The increased scrutiny is pushing back timelines and jacking up costs of setting up India-focussed funds in Mauritius

Singapore likely to ease regime to allow routing of offshore funds

Move may accelerate migration of offshore funds from high-risk jurisdictions such as Mauritius and Cayman Islands to Singapore

India-focused offshore funds and ETFs pull out $1.9 billion in 4 months

These funds had bought into Indian stocks every month in the calendar year (CY) 2017, pumping in $5.76 billion

Offshore India funds, ETFs register $1.1 billionn inflow in January

India-focused offshore funds and ETFs are a subset of the overall foreign portfolio investor (FPI) flows

Offshore India funds, ETFs mop up $573 mn in October

India-focussed offshore funds and Exchange Traded Funds (ETFs) are a subset of the overall FPI flows

Led by India's growth prospect, offshore funds, ETFs invest $5 bn in H1FY18

In comparison, these funds pulled out $2.25 billion in January-June period of 2016

India-focused funds see outflows of $2.5 billion in 2016

Except for September quarter, which had net inflows of $196 million, all other quarters had outflows

India clocks $196 mn from offshore, exchange funds in Q2

Foreign investors grew optimistic about prospects of Indian equities under a pro-growth, pro-reform government

Committee to examine offshore funds' requests to set up India office

The three-member committee will submit its recommendations to CBDT regarding grant of approval or otherwise