- Strengthening global investment presence: Aditya Birla Sun Life AMC has established Aditya Birla Sun Life AMC International (IFSC) Limited, its wholly owned subsidiary at GIFT City, Gandhinagar, regulated by IFSCA, to strengthen its global investment proposition.
- Two new fund offerings: The subsidiary’s initial retail offerings include the ABSL Emerging Market Equity Fund (Outbound) and the ABSL India Growth Fund (Inbound), providing Indian and NRI/foreign investors access to diversified investment opportunities.
- Access to global markets: The ABSL Emerging Market Equity Fund will invest in funds focused on emerging markets, enabling eligible resident Indians to access global investment opportunities through the LRS route and eligible Indian corporates through the OPI route.
- Diversified India-focused investment proposition: The ABSL India Growth Fund will invest in equity-oriented schemes, including ETFs and index funds, of Aditya Birla Sun Life Mutual Fund. Its active management and dynamic allocation across schemes, sectors, market capitalisations and investment themes aim to help investors capture opportunities across market conditions.
- Accessible international investing: Eligible investors can begin investing with an initial amount of USD 500, with subsequent investments starting at USD 100, enabling portfolio diversification across geographies.
NE BUSINESS BUREAU
MUMBAI, OCT 16
Aditya Birla Sun Life AMC Limited (ABSL AMC) was incorporated in the year 1994. Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. are the promoters and major shareholders of the Company. ABSL AMC is primarily the investment manager of Aditya Birla Sun Life Mutual Fund, a registered trust under the Indian Trusts Act, 1882. The asset manager had established its presence in Gujarat International Finance Tec-City (GIFT City), Gandhinagar in 2022 through a branch operation. Building on this presence, ABSL AMC has now established Aditya Birla Sun Life AMC International (IFSC) Limited, its wholly owned subsidiary at the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City), Gandhinagar to further strengthen its global investment proposition. Regulated by the International Financial Services Centres Authority (IFSCA), the new entity will focus on building investment solutions that enable Indian and foreign investors to participate in global opportunities through the IFSC.
As part of its initial offering for retail investors from GIFT City, ABSLAMC International (IFSC) Limited will offer the ABSL Emerging Market Equity Fund and ABSL India Growth Fund, providing Indian and NRI/foreign investors respectively, with access to diversified investment opportunities.
The ABSL Emerging Market Equity Fund, an open-ended thematic fund of fund retail scheme under the IFSCA Fund Management Regulations, will seek to generate long-term capital appreciation by investing in funds that invest in emerging markets. The fund builds on ABSL AMC’s existing close-ended fund offerings focused on emerging markets, which are now being relaunched in an open-ended format under the new subsidiary structure. The fund will invest predominantly in units of ARGA Emerging Market Equity Fund and/or other emerging market funds. The underlying ARGA strategy follows a value-oriented investment approach across emerging markets, supported by quantitative screening and fundamental research. The Fund provides resident Indians an opportunity to invest in global emerging markets through the LRS route and allows eligible Indian corporates to participate through the OPI route.
The ABSL India Growth Fund is an open-ended diversified fund of fund retail scheme investing in equity-oriented schemes (including ETFs and Index Funds) of Aditya Birla Sun Life Mutual Fund. The Fund is actively managed and dynamically allocated across a range of schemes, sectors, market caps, and investment themes, helping investors capture opportunities across market conditions through one well-diversified portfolio.
Commenting on the new offerings, A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd., said, “The evolution of GIFT City reflects India’s growing role in the global financial landscape and its ambition to emerge as a credible hub for cross-border financial activity. For ABSL AMC, establishing our presence at GIFT IFSC is therefore more than an expansion of our product portfolio. It is a strategic step towards building our global investment capabilities from India. Through Aditya Birla Sun Life AMC International (IFSC) Limited, we aim to create investment solutions that enable Indian investors to participate in global growth opportunities and NRI/ foreign investors to participate in the India’s growth story. This is supported by our investment experience and the capabilities of leading Indian and global investment managers. The Emerging Market Equity Fund and India Growth Fund form the initial offerings in this journey, and we intend to progressively build a differentiated suite of global investment solutions from the IFSC.”
For eligible investors, international investing can provide access to companies, sectors and investment themes with an initial investment amount of USD 500 and in multiples of USD 100, with subsequent investments starting at USD 100 and in multiples of USD 100. This gives an exposure beyond the limited representation in domestic markets, while also helping diversify portfolios across geographies.