The Wealth Company Launches IFSC Fund of Fund for NRI Investment

The Wealth Company has launched The Wealth Company IFSC Fund of Fund (FoF), an open-ended Category III Alternative Investment Fund based in GIFT City IFSC. This fund offers eligible non-resident investors a single, US dollar-denominated route to professionally managed exposure across India's mutual fund and ETF universe.

Through the USD-denominated FoF, investors can have a diversified exposure to equity-oriented funds, sectoral strategies, fixed income funds, hybrid funds, gold and silver ETFs, index strategies, and SIFs. The structure is designed specifically for non-resident investors, allowing them to participate in India's growth without separately undertaking the SEBI FPI registration process.

The Wealth Company's founder, Madhu Lunawat, stated, 'India's growth has stopped being a story that Indians only watch from abroad. We want an Indian living overseas to think about India as part of their long-term wealth portfolio and not as a market that is difficult to access from where they live.'

The fund may be of particular interest to investors based in jurisdictions such as the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, Oman, Uganda, and Mauritius. However, the tax treatment in each investor's home jurisdiction should be evaluated with their own tax advisor.