ICICI Prudential Asset Management Company inaugurates new office at GIFT City; announces India- Focused Fund

ICICI Prudential Asset Management Company (AMC) has established a branch in the International Financial Services Centre (IFSC), GIFT City, Gandhinagar, Gujarat.

The IFSC Branch has obtained registration as a Registered Fund Management Entity (Retail) from the International Financial Services Centre Authority under the IFSCA (Fund Management) Regulations, 2025 (‘IFSC Regulations’), to undertake fund management activities for various restricted schemes, retail schemes, exchange-traded funds, and other activities permitted under the IFSC Regulations, according to a press release by the fund house.

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This expansion reinforces the AMC’s aim to serve as a bridge between global pools of capital and investment opportunities in India.

On the occasion, the AMC’s IFSC Branch unveiled its first restricted scheme designed to channel international capital into India’s financial market.

“We believe India is at the cusp of a generational shift in its growth trajectory, underpinned by strong demographics, accelerating urbanization, a digital-first economy, and far-reaching policy reforms. This presents an opportunity for long-term investors seeking exposure to Indian markets. With the establishment of the AMC’s branch at GIFT City, we seek to create a global gateway for investors to participate in India through equities, fixed income, alternatives, and hybrid offerings,” said Naveen Agarwal, Chief Financial Officer, ICICI Prudential AMC.

The IFSC Branch is intended to serve as a hub to facilitate engagement with global investors. By leveraging GIFT City’s infrastructure and IFSCA’s globally benchmarked regulatory framework, the IFSC Branch aims to deliver seamless, transparent, and tax-efficient access to India’s capital markets.

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The fund house further shared that the IFSC Branch was inaugurated by Amar Shah, Chief Business Officer, ICICI Prudential AMC, along with Ashutosh Mishra, Principal Officer - IFSC, GIFT City; Jayur Shah, Regional Head - Retail Sales & Distribution, Gujarat; Abhin Shah, Fund Manager - IFSC, GIFT City; and Shradha Thakkar, Lead - Strategic Product Development, ICICI Prudential AMC.

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