GIFT city & IFSC
GIFT City (Gujarat International Finance Tec-City) is India’s purpose-built international financial centre, located in Gandhinagar, Gujarat. Its International Financial Services Centre (GIFT IFSC) is designed to provide a globally oriented financial-services ecosystem from within India, bringing together fund management, banking, capital markets, insurance, fintech and related financial services under a dedicated regulatory framework. The International Financial Services Centres Authority (IFSCA), established under the Government of India’s IFSCA Act, 2019, is the unified regulator responsible for regulating and developing financial services conducted in the IFSC.
The IFSC framework
GIFT IFSC provides an India-based platform through which investment managers and financial institutions can undertake internationally oriented activities within a regulated framework. The ecosystem is structured to facilitate the movement and management of global capital, including investments into Indian and international opportunities, while enabling fund managers to operate in a globally familiar financial environment. For alternative investment and venture capital managers, the IFSC framework provides a dedicated regulatory architecture for establishing and managing funds, with IFSCA overseeing fund management activities.
Fund Management Entity (FME)
Under the IFSCA (Fund Management) Regulations, 2025, an entity undertaking fund management activities in an IFSC is required to be registered with IFSCA as a Fund Management Entity (FME). The FME is the regulated fund-management platform through which investment schemes and funds can be established and managed within GIFT IFSC. The regulations provide different categories of FMEs and define the activities, eligibility requirements, governance standards and responsibilities applicable to each category. This framework enables professional investment managers to establish a regulated presence in GIFT IFSC and manage vehicles designed for sophisticated, institutional and global investors.
FME details
July Ventures LLP (IFSCA Branch) is a fund management entity, which looks to sponsor / launch and manage alternate investment funds across equity and debt.
July Ventures, the FME, currently manages July Ventures GIFT City Fund, a feeder fund to the SEBI registered master fund, July Ventures Early Growth Fund
*NOTE : Registration of July Ventures LLP (IFSCA Branch) as an FME with IFSCA, does not purport or imply approval or endorsement by the Authority of the FME, of any scheme, or of the financial soundness or performance thereof.
FME registration number
IFSCA/FME/II/2023-24/083
Phone no. and telephone no. of PO & CO
Principal Officer: Anki Choudhary Tel No.: +91 75678 83423
Compliance Officer: Ritesh Mundhra Tel No.: +91 79803 06845
Investor grievance redressal mechanism and its details
The FME’s investor grievance redressal mechanism and process conforms to those detailed in the circular “Compliant Handling and Grievance Redressal by Regulated Entities in the IFSC” issued by IFSCA. The detailed policy in this regard adopted by the FME can be accessed here: https://eb2f093d-263e-4c7f-bc92-dafb5f91a508.usrfiles.com/ugd/eb2f09_ae327866152341f986046452b9147f5f.pdf
or https://www.julyventures.com/investor-grievance-redressal
Name and contact particulars of the Custodian, Trustee, Fund Administrator and Statutory Auditor engaged in respect of the IFSC operations, wherever applicable
Trustee: Orbis Trusteeship Services Private Limited
Fund Administrator: Pierian Global Fundtech LLP
Telephone no. and email address of the FME
+91 63664 39292
giftcity@julyventures.com