Fund Management
Category III AIF
Fund Management Entities, AIFs, retail schemes and PMS
About this entity type
A very brief overview
GIFT IFSC replaces the traditional fund-plus-manager licensing with a single registration for the Fund Management Entity (FME). An Authorised FME can launch venture capital schemes; a Registered FME (Non-Retail) can launch restricted (Category I/II/III style) schemes and offer portfolio management; a Registered FME (Retail) can additionally launch retail schemes and ETFs. Schemes are then filed with IFSCA under the FME's registration.
Who it suits: Domestic and offshore fund managers, family offices, PE/VC sponsors, and PMS providers pooling global capital.
Applicable regulation
IFSCA (Fund Management) Regulations, 2025
FME categories, minimum net worth, key managerial personnel, scheme filing, investor eligibility, valuation and disclosure norms.
Official sourceIFSCA circulars on schemes and PMS
Operational circulars covering scheme documentation, co-investment, distribution and periodic reporting.
Official source
Registered entities
Entities registered under Category III AIF
238 entities on the IFSCA register. Live data from the IFSCA directory.
| Entity | Sub-category | Registration | Validity |
|---|---|---|---|
| 1UP Multi Manager Fund | Category III AIF | IFSC/AIF3/2026-27/038419 Jun 2026 | Perpetual / Not stated |
| 26 Miles Global Quant Fund | Category III AIF | IFSC/AIF3/2025-26/027023 Jun 2025 | Perpetual / Not stated |
| 360 ONE Bharat Growth Fund | Category III AIF | IFSC/AIF3/2025-26/033923 Feb 2026 | Perpetual / Not stated |
| 360 One Dynamic Equity Allocator Fund Gift Feeder | Category III AIF | IFSC/AIF3/2026-27/037703 Jun 2026 | Perpetual / Not stated |
| 360 ONE Equity Opportunities Fund | Category III AIF | IFSC/AIF3/2024-25/012903 May 2024 | Perpetual / Not stated |
| 360 ONE India Growth Fund | Category III AIF | IFSC/AIF3/2024-25/015030 Jul 2024 | Perpetual / Not stated |
| 360 ONE New Perspective Fund | Category III AIF | IFSC/AIF3/2025-26/027603 Jul 2025 | Perpetual / Not stated |
| Abans Investment Fund | Category III AIF | IFSC/AIF3/2021-22/001507 Jan 2022 | Perpetual / Not stated |
| Abans Short Term Opportunities Investment Trust IFSC | Category III AIF | IFSC/AIF3/2023-24/011221 Mar 2024 | Perpetual / Not stated |
| ABC India Equity Fund | Category III AIF | IFSC/AIF3/2025-26/025714 May 2025 | Perpetual / Not stated |
| ABSL Global Bluechip Equity Fund (IFSC) | Category III AIF | IFSC/AIF3/2024-25/016510 Sept 2024 | Perpetual / Not stated |
| ABSL Index Linked Fund (IFSC) | Category III AIF | IFSC/AIF3/2023-24/007325 Oct 2023 | Perpetual / Not stated |
| ABSL India Flexicap Fund (IFSC) | Category III AIF | IFSC/AIF3/2024-25/016410 Sept 2024 | Perpetual / Not stated |
| ABSL MSCI INDIA FUND | Category III AIF | IFSC/AIF3/2025-26/034710 Mar 2026 | Perpetual / Not stated |
| ACAPU Gift City Fund | Category III AIF | IFSC/AIF3/2025-26/024706 May 2025 | Perpetual / Not stated |
Timeline & approach
How we take Category III AIF from plan to authorisation
Step 1
Eligibility & structure
Week 1
We map your activity to the right IFSCA category and sub-category, confirm net worth, KMP and shareholding eligibility, and fix the holding structure.
Step 2
SEZ unit approval
Weeks 2–4
Unit application to the Development Commissioner, Letter of Approval, office space lease and NDC/customs registrations.
Step 3
IFSCA application
Weeks 3–8
Application, business plan, policies (AML/CFT, risk, outsourcing, cyber), KMP profiles and query resolution until in-principle approval.
Step 4
Go-live & compliance calendar
Weeks 8–14
Bank account, systems, statutory registrations, commencement intimation and handover to a live obligation calendar in your Gateway portal.
Indicative cost
USD 7,000 – 16,000 for FME registration + per-scheme filing
Retail FME mandates are higher; scheme filings are quoted per scheme. Regulator fees at actuals.
Why GIFT City Gateway
Why sponsors pick us for this
Category specialists
We work only on GIFT IFSC mandates — the regulation, the reviewer questions and the SEZ process are our daily work.
One accountable owner
A named Gateway lead runs your application end to end, not a rotating coordinator queue.
Live intelligence
We track every authorised entity in this category, so your structure is benchmarked against real precedents.
Setup to steady state
Registration hands over into a live compliance calendar in your client portal — no gap after go-live.
Next step
Tell us what you need for Category III AIF
Share your plan and we respond with the eligibility read, the document list, the indicative timeline and a fee.
- • Eligibility and net-worth check against the applicable regulation
- • Structure options (branch vs subsidiary, holding jurisdiction)
- • Week-by-week plan across SEZ and IFSCA
- • Fixed-fee proposal with the compliance calendar that follows
Lead details