Aditya Birla Sun Life AMC launches two GIFT City funds, starting at $500
What's the deal? Aditya Birla Sun Life AMC International (IFSC)Dealroom has a profile for this one. Try Dealroom → launched two fund of funds schemes at GIFT City on October 15, 2026. The ABSL Emerging Market Equity Fund (Outbound) targets emerging market equities, while the ABSL India Growth Fund (Inbound) invests in schemes focused on Indian equities.
What's the endgame? The two funds are the first retail offerings from the asset manager's wholly owned subsidiary at GIFT City's International Financial Services Centre (IFSC). The subsidiary is regulated by the International Financial Services Centres Authority (IFSCA).
How do they work? The Emerging Market Equity Fund is an open-ended scheme aiming for long-term capital appreciation, investing mainly in units of the ARGA Emerging Market Equity FundDealroom has a profile for this one. Try Dealroom → and other emerging market funds. The India Growth Fund invests in equity-oriented schemes of Aditya Birla Sun Life Mutual FundDealroom has a profile for this one. Try Dealroom →, including exchange-traded funds and index funds. Neither scheme buys individual stocks directly.
Who can invest? Eligible Indian residents can access the Emerging Market Equity Fund through the Liberalised Remittance Scheme, while Indian companies can use the Overseas Portfolio Investment route. The India Growth Fund is intended for eligible non-resident Indians and foreign investors.
The terms: The minimum initial investment in each scheme is $500, with subsequent investments starting at $100. Investors should review scheme documents for fees, eligibility, taxation, and redemption conditions.
Why now? Aditya Birla Sun Life AMCDealroom has a profile for this one. Try Dealroom → established its presence at GIFT City through a branch in 2022. These schemes mark its move from that base into retail fund offerings via its IFSC subsidiary.
The signal: The dual launch — one fund routing Indian money outbound, one channelling foreign money into Indian equities — positions GIFT City as a two-way gateway for cross-border retail investment.
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