Summary: The International Financial Services Centres Authority (IFSCA) has issued a Circular bearing File No. IFSCA-SOF/2/2026-Capital Markets dated August 26, 2026, requiring every Fund Management Entity (FME) registered under the International Financial Services Centres Authority (Fund Management) Regulations, 2025 (“FM Regulations, 2025”) to maintain a website or webpage for promoting transparency and facilitating access to information relating to its IFSC operations. The Circular is issued to all Fund Management Entities in the IFSC and comes into force from December 01, 2026.
An Authorised FME and a Registered FME (Non-Retail) may maintain either an independent official website or a dedicated webpage hosted on the website of its parent entity, holding company or group entity. A Registered FME (Retail), however, is required to maintain an independent official website dedicated to its fund management activities in the IFSC. The website or webpage must be publicly accessible for the specified information without registration, subscription or login, identify the FME by its registered name and IFSCA registration number, distinctly present its IFSC activities and, where hosted by a parent or group entity, provide a conspicuous link from the host website’s homepage.
The Circular prescribes extensive disclosures concerning the FME, including its profile and registration category, registered office and contact details, schemes or funds managed from the IFSC, portfolio management or other permissible activities, schemes managed for persons or investment managers outside the IFSC, and details of the Custodian, Trustee, Fund Administrator and Statutory Auditor wherever applicable. FMEs must also disclose their investor grievance redressal mechanism, Grievance Redressal Officer, escalation matrix, redressal timelines and quarterly status of complaints, together with details of the Principal Officer, Compliance Officer and other key managerial personnel responsible for IFSC operations.
The website must additionally contain statutory, regulatory and other disclosures required under the FM Regulations, 2025 and directions issued by IFSCA, details of material regulatory or enforcement action during the preceding three years and its current status, a prescribed statement clarifying that IFSCA registration does not constitute approval or endorsement of the FME or its schemes or their financial soundness or performance, and other information specified by IFSCA.
Registered FMEs (Retail) managing Retail Schemes are subject to additional disclosure requirements, including Scheme Information Documents, Key Information Documents and addenda, periodic portfolio and performance disclosures, benchmark comparisons, Net Asset Value, total expense ratio and distribution commission, valuation policy and independent valuer details where applicable, unclaimed redemption and distribution amounts and claim procedures, investor education material and Investor Charter.
The Circular further requires the prescribed information to be available in English, to identify the currency and relevant date for monetary figures and the applicable time zone for Net Asset Value and cut-off timings, to carry a visible last-updated date, and, to the extent feasible, to be available in downloadable and machine-readable formats for Net Asset Value, portfolio and expense-related disclosures. The information must remain accessible for at least three years from the date of display, including after winding-up of the scheme.
Every existing FME must intimate its website or webpage URL to IFSCA at [email protected] on or before December 01, 2026, and subsequently report any URL change in its quarterly report filings. An FME granted registration on or after the Circular’s coming into force must comply before commencing fund management activities in the IFSC and intimate its URL within thirty days of registration. The Circular is issued under sub-section (1) of section 12 and sub-section (1) of section 13 of the International Financial Services Centres Authority Act, 2019, read with Regulation 146 of the FM Regulations, 2025.
International Financial Services Centres Authority
Circular No. File. No. IFSCA-SOF/2/2026-Capital Markets | Dated: August 26, 2026
To
All Fund Management Entities in the International Financial Services Centre (IFSC)
Madam/ Sir,
Subject: Requirement for Fund Management Entities (FMEs) to maintain a website or webpage.
1. Reference may be drawn to the International Financial Services Centres Authority (Fund Management) Regulations, 2025 (“FM Regulations, 2025”) issued by the International Financial Services Centres Authority (“the Authority”).
2. With a view of promoting transparency, facilitating dissemination of all the relevant information relating to the Fund Management Entity (“FME”) and its operations in IFSC and to enhance ease of access to all the relevant information for investors, prospective investors and other stakeholders, the Authority hereby directs that every FME registered under the FM Regulations, 2025, shall maintain a website or a webpage, as the case may be, in the manner specified in this Circular.
3. The requirement to maintain a website or a webpage shall apply to the following categories of FMEs, as under: –
a. An Authorised FME and a registered FME (Non-Retail) shall maintain either:
i. An independent official website; or
ii. A dedicated webpage hosted on the website of its parent entity, holding company or group entity.
b. A Registered FME (Retail) shall maintain an independent official website dedicated to its fund management activities in the IFSC.
c. In both the cases, the website or the webpage shall:
i. Be publicly accessible without any requirement of registration, subscription or login, in respect of the information specified under clause 4;
ii. Prominently identify the FME by the name in which it is registered with the Authority, together with the registration number, and display its activities in the IFSC distinctly from any other activities undertaken by its parent entity, holding company or group entity; and
iii. Where maintained under sub-clause 3(a)(ii), be accessible through a conspicuously identifiable link placed on the home page of the host website.
4. The website or webpage shall prominently display the following information relating to the FME’s activities:
i. Brief profile of the FME, including its name, category of registration and its IFSCA registration Number;
ii. Address of the FME’s registered office in the IFSC, its correspondence, address, telephone number and email address;
iii. Details of the schemes or funds managed from the IFSC and, where the FME undertakes portfolio management services or any other activity permissible under the FM Regulations, 2025, details of such activity, wherever applicable;
iv. Where the FME manages a scheme or fund on behalf of any other person or investment manager not based in the IFSC, the name of each such scheme or fund and its registration number with the Authority;
v. Name and contact particulars of the Custodian, Trustee, Fund Administrator and Statutory Auditor engaged in respect of the IFSC operations, wherever applicable;
vi. Investor grievance redressal mechanism, contact details of the Grievance Redressal Officer, the escalation matrix and the timelines for redressal, together with the status of investor complaints received, disposed of and pending, updated on a quarterly basis;
vii. Name, designation and contact details (including e-mail address and telephone number) of the Principal Officer, the Compliance Officer and such Other Key Managerial Personnel responsible for IFSC operations, wherever applicable;
viii. Such Statutory, regulatory and other disclosures as required under the FM Regulations, 2025, and any circulars, guidelines or directions issued by the Authority from time to time;
ix. Details of any material regulatory or enforcement action taken against the FME or its key managerial personnel in relation to the FME’s operations in IFSC during the preceding three years, and the current status thereof.
x. A statement to the effect that registration with the Authority does not imply approval or endorsement by the Authority of the FME, of any scheme, or of the financial soundness or performance thereof; and
xi. Such other information as may be specified by the Authority from time to time.
5. In addition to the disclosures specified under clause 4, Registered FME (Retail) managing a Retail Scheme shall prominently disclose the following information on its official website:
i. Scheme Information Documents, Key Information Documents, addenda thereto and such other scheme-related documents as may be specified;
ii. Periodic disclosures relating to the Retail schemes, including portfolio disclosures, performance of the scheme along with a comparison against the stated benchmark, Net Asset Value, the total expense ratio and its components, and distribution commission, at such periodicity as may be specified by the Authority;
iii. The valuation policy of the Retail scheme, including the basis of valuation of unlisted or illiquid securities and the name of the independent valuer, wherever applicable;
iv. Details of unclaimed redemption and distribution amounts, together with the procedure for claiming such amounts;
v. Investor education material, Investor Charter and such other investor disclosures as may be specified by the Authority; and
vi. Such other disclosure as may be specified by the Authority for Retail Schemes from time to time.
6. The information displayed under clauses 4 and 5 shall –
i. be made available in the English language;
ii. state, in respect of every monetary figure, the currency of denomination and the date to which the figure relates, and in respect of Net Asset Value and cut-off timings, the applicable time zone;
iii. carry a clearly visible date indicating when the information was last updated;
iv. be made available in downloadable and, to the extent feasible machine-readable formats in respect of Net Asset Value, portfolio and expense-related disclosures; and
v. remain accessible for a period of not less than three years from the date of display, including after the winding-up of the scheme.
7. Every FME shall intimate to the Authority, at [email protected] the uniform resource locator (URL) of its website or webpage on or before December 01, 2026, and shall intimate any subsequent change in such URL in the subsequent quarterly report filings.
8. An FME granted registration on or after the date of coming into force of this circular shall comply with the requirements of this Circular before commencing fund management activities in the IFSC and shall intimate the URL of its website or the webpage to the Authority within thirty days of the grant of registration.
9. This Circular is issued in exercise of the powers conferred under sub-section (1) of section 12 and sub-section (1) of section 13 of the International Financial Services Centres Authority Act, 2019, read with Regulation 146 of Fund Management Regulations, 2025 and shall come into force from December 01, 2026.
10. A copy of this Circular is available on the International Financial Services Centres Authority website at ifsca.gov.in .
Yours faithfully,
Sd/-
Mihir Upadhyay
(Chief General Manager)
