Aditya Birla Sun Life Launches Two Retail Funds of Funds from GIFT City
Aditya Birla Sun Life AMC Ltd. has launched two retail funds of funds through its wholly owned subsidiary, Aditya Birla Sun Life AMC International (IFSC) Limited at the Gujarat International Finance Tec-City (GIFT City). The new entity is regulated by the IFSCA and aims to provide Indian and foreign investors with access to global investment opportunities. Two initial offerings include ABSL Emerging Market Equity Fund for resident Indians seeking exposure in emerging markets, and ABSL India Growth Fund for NRI/foreign investors interested in domestic equity schemes. The funds are designed as open-ended retail schemes under IFSCA regulations. The Emerging Market fund invests primarily in ARGA Emerging Market Equity Fund or similar strategies with a value-oriented approach supported by quantitative screening and fundamental research, while the India Growth Fund dynamically allocates across various Aditya Birla Sun Life Mutual Fund equity products to capture diverse market opportunities. The launch reflects ABSL AMC's strategic move towards strengthening global investment capabilities from India. The funds offer an initial minimum investment of USD 500 for eligible investors and aim to diversify portfolios beyond domestic markets.
Topics: International Finance Investment Solutions Mutual Funds