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For decades, Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and global investors have sought simpler ways to tap into India’s rapidly expanding equity market. With India now the world’s fourth-largest economy, the appetite for seamless access has only grown stronger. Now, Tata Asset Management has stepped in with a new offering that could reshape how international investors participate in India’s growth story.
The company has received approval from the International Financial Services Centres Authority (IFSCA) to launch the Tata India Dynamic Equity Fund – GIFT IFSC, a retail-focused inbound feeder fund. With a minimum investment of just $500, the fund has been designed to offer a wide pool of investors — from individuals to institutions, including NRIs and OCIs - an efficient, tax-friendly entry into India’s capital markets.
Structured to invest across Tata AMC’s equity mutual funds and exchange-traded funds (ETFs), the fund will provide diversified exposure across large, mid, and small-cap segments. It will also make tactical bets on emerging themes such as technology, energy, and healthcare - sectors seen as critical drivers of India’s next phase of growth.
The fund adopts a dynamic asset allocation strategy, with flexibility to deploy between 50–100% of its assets in broad-based equity funds and up to 50% in sectoral and thematic opportunities. This balance, Tata AMC says, ensures both breadth of exposure and agility to capture new market trends.
A key attraction for global investors lies in its tax efficiency: income earned through the fund is fully exempt from Indian taxes, with investors taxed only as per the rules of their home country. This makes it not only a convenient but also a cost-effective vehicle for participation.
Commenting on the launch, Prathit Bhobe, CEO & MD of Tata Asset Management, said, “India is at the cusp of a multi-decade growth cycle, driven by demographics, digital transformation, infrastructure, and formalisation. Through GIFT City, we are creating a world-class gateway for global investors to be part of this journey.”
For NRIs and global investors who have long waited for a simplified, credible, and regulated route into Indian equities, Tata AMC’s move at GIFT City may well be the opening they were waiting for.
