Edelweiss AMC launches GIFT City Branch and first-of-its-kind India Multimanager Equity Fund – Series I

Edelweiss Asset Management opened its GIFT City branch on August 19, coinciding with the launch of the Edelweiss India Multimanager Equity Fund – Series I. The move is part of the AMC’s global growth strategy, taking advantage of GIFT City’s tax incentives, simplified compliance, and investor-friendly infrastructure.

The company said that India’s economy is currently the fourth largest in the world, with a GDP of USD 4.27 trillion, supported by growth drivers such as infrastructure, business reforms, technology, demographic advantages, and sustainability.

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With 60% of its population being of working age, India enjoys a demographic dividend, which it is expected to benefit from for the next 30 years. A larger share of the working-age population of the total population is likely to witness higher GDP growth rates, further spurring consumption and driving manufacturing, services and exports. Mutual funds that specifically cater to those investing in these opportunities would be apt in creating long-term wealth, the release said.

“With our launch in GIFT City, we are well-positioned to provide global investors with a credible and efficient route to participate in India’s growth story, while also enabling Indian investors access to a wide range of global products. GIFT City offers a world-class platform with regulatory clarity, competitive costs, and seamless cross-border access—making it easier for global investors to invest in India and for Indian investors to diversify internationally. As India’s economic influence grows, GIFT City is set to play a key role in channelling capital flows to and from the country,” said Radhika Gupta, MD & CEO, Edelweiss AMC.

“The Edelweiss India Multimanager Equity Fund – Series I, our first fund in GIFT City, gives investors a simple, research-backed way to tap into India’s growth story. This unique fund of funds invests in carefully selected schemes from top AMCs, offering diversification, transparency, and the potential to benefit from India’s equity market opportunities,” said Deepak Jain, President & Head – Sales, Edelweiss AMC.

The Edelweiss India Multimanager Equity Fund – Series I is an open-ended Category III Alternative Investment Fund (AIF) under the IFSCA (Fund Management) Regulation, 2025, and is registered with SEBI as a Category I Foreign Portfolio Investor (FPI).

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Structured as a fund-of-funds, it will invest in a diversified mix of quality flexicap (60%) and midcap (40%) funds, aiming for long-term capital appreciation. Fund selection will follow a rigorous quantitative and qualitative process, easing the burden of fund selection for investors. The portfolio comprising both Edelweiss AMC offerings and consistently performing funds from other AMCs will be reviewed annually to ensure consistency of performance.

By combining the global access and tax benefits offered by GIFT City with Edelweiss AMC’s proven track record in asset management, investors are getting a new opportunity for cross-border investing while also reinforcing India’s position amongst the largest and fastest-growing economies with a global presence.