Fund Management
Registered FME (Non-Retail)
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 Registered FME (Non-Retail)
193 entities on the IFSCA register. Live data from the IFSCA directory.
| Entity | Sub-category | Registration | Validity |
|---|---|---|---|
| 360 ONE Portfolio Managers Limited (IFSC Branch) | Registered FME (Non-Retail) | IFSCA/FME/II/2023-24/02603 Apr 2023 | Perpetual / Not stated |
| 3PIM International (IFSC) LLP | Registered FME (Non-Retail) | IFSCA/FME/II/2024-25/14026 Nov 2024 | Perpetual / Not stated |
| 9MAIN MANAGERS LLP (IFSC Branch) | Registered FME (Non-Retail) | FDM2025FNR083406 Jun 2025 | Perpetual / Not stated |
| Abans Financial Services Limited (IFSC Branch) | Registered FME (Non-Retail) | IFSCA/FME/II/2024-25/12408 Jul 2024 | Perpetual / Not stated |
| Advantedged Investment Advisors LLP | Registered FME (Non-Retail) | FDM2026FNR100423 Feb 2026 | Perpetual / Not stated |
| Aequitas Investments IFSC Private Limited | Registered FME (Non-Retail) | IFSCA/FME/II/2023-24/08809 Jan 2024 | Perpetual / Not stated |
| AGFR ADVISORS IFSC LLP | Registered FME (Non-Retail) | FDM2025FNR078813 Jan 2025 | Perpetual / Not stated |
| Aikyam Investment Managers IFSC LLP | Registered FME (Non-Retail) | FDM2025FNR079703 Mar 2025 | Perpetual / Not stated |
| Airavat Investment Managers IFSC LLP. | Registered FME (Non-Retail) | IFSCA/FME/II/2022-23/06027 Feb 2023 | Perpetual / Not stated |
| Aivot Growth Advisory LLP | Registered FME (Non-Retail) | IFSCA/FME/II/2022-23/05113 Dec 2022 | Perpetual / Not stated |
| Akino Capital India IFSC Private Limited | Registered FME (Non-Retail) | —22 Aug 2025 | Perpetual / Not stated |
| Akino Capital India IFSC Private Limited | Registered FME (Non-Retail) | FDM2025FNR087222 Aug 2025 | Perpetual / Not stated |
| Alchemy Investment Management LLP | Registered FME (Non-Retail) | —06 Dec 2022 | Perpetual / Not stated |
| Alchemy Investment Management LLP | Registered FME (Non-Retail) | IFSCA/FME/II/2022-23/05006 Dec 2022 | Perpetual / Not stated |
| Algoquant Global Finserv (IFSC) LLP | Registered FME (Non-Retail) | IFSCA/FME/II/2023-24/07131 May 2023 | Perpetual / Not stated |
Timeline & approach
How we take Registered FME (Non-Retail) 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 Registered FME (Non-Retail)
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