Within the IFSC funds framework, a “Family Investment Fund” (“FIF”) is established as a self-managed fund within the IFSC, collecting funds from a single family. These FIFs can take the form of companies, contributory trusts, LLPs, or other permissible structures defined by the International Financial Services Centres Authority (“IFSCA”). They can operate as closed or open-ended schemes and invest in various assets such as securities, shares, bullions, etc. and others.
Source: Barandbench
