Sundaram AMC launches Sundaram India Midcap GIFT Fund

Sundaram Asset Management Company has launched the Sundaram India Mid Cap GIFT, a USD-denominated offshore feeder fund aimed at providing global investors exposure to India’s midcap segment.

The new fund offer (NFO) is currently open for subscription. Structured through GIFT City’s International Financial Services Centre (IFSC), the scheme will invest the bulk of its corpus in the SEBI-registered Sundaram Mid Cap Fund, which has a long-term performance track record.

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The minimum investment amount is USD 5,000 for both regular and direct plans.

“Through GIFT City, we aim to widen global access to India’s long-term growth story, particularly in the midcap segment. The fund enables USD-denominated offshore investing into Indian midcaps, helping reduce currency and operational friction for international investors,” said Anand Radhakrishnan, Managing Director, Sundaram Asset Management Company.

He added that the strategy focuses on long-term wealth creation. The underlying Sundaram Mid Cap Fund has a 23-year track record under the Regular Plan (since inception) and has delivered over 5.3x growth in 13 years under the Direct Plan (since the introduction of Direct NAV).

The Sundaram India Midcap GIFT is structured as a feeder fund that will invest a majority of its assets in the Sundaram Mid Cap Fund. The portfolio is diversified across sectors such as industrial products, banks, financial services, healthcare services and auto components, aligned with India’s manufacturing, infrastructure, and consumption-driven growth themes.

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The fund is housed in GIFT City’s IFSC, which provides a globally compliant framework for cross-border investments. It is open to eligible global investors, including NRIs, foreign nationals, and foreign portfolio investors.

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