Dailymirror.news,Mumbai, April 10th, 2025:Aditya Birla Sun Life AMC Limited (ABSLAMC), one of India’s leading asset management companies, has announced the successful final close of its ABSL Global Emerging Market Equity Fund (IFSC). The fund, launched under the Category II Alternative Investment Fund (AIF) framework at GIFT City, has raised approximately $69.89 million from 269 investors.

This marks the completion of India’s first global outbound investment solution from GIFT City and reinforces ABSLAMC’s leadership in offering innovative cross-border investment products.

ఇది కూడా చదవండి…డైమ్లర్ ఇండియా కమర్షియల్ వెహికిల్స్‌కి కొత్త నాయకుడు

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The ABSL Global Emerging Market Equity Fund (IFSC) adopts a passive investment strategy by investing primarily in units of the ARGA Emerging Market Equity Fund. It provides Indian investors access to high-growth emerging market opportunities while utilizing their Liberalised Remittance Scheme (LRS) limits, all within a robust regulatory structure.

The fund received investments from a broad spectrum of investors, including global institutions, high-net-worth individuals (HNIs), and family offices. With a strong focus on long-term capital appreciation, it aligns with ABSLAMC’s commitment to delivering differentiated investment strategies in global financial markets.

Commenting on the development, Mr. A. Balasubramanian, Managing Director & CEO of ABSLAMC, said:

“The ABSL Global Emerging Market Equity Fund (IFSC) has seen strong interest from investors and demonstrates our early-mover advantage in GIFT City. This pioneering fund offered Indian investors a gateway to global equities while maintaining compliance with LRS norms. Its success highlights the growing confidence in emerging market themes and the world-class infrastructure at GIFT City.”

ABSLAMC, incorporated in 1994, is backed by Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. The company continues to be at the forefront of global investment innovation, especially through its presence in India’s premier international financial hub — GIFT City.