HDFC AMC International (IFSC) Limited has on 17th August, 2023 announced the inauguration of its office at GIFT City, Gandhinagar. HDFC AMC International (IFSC) Limited (“HDFC AMC IFSC”) is a wholly owned subsidiary of HDFC AMC and was incorporated in May 2022 as a public limited company under the Companies Act, 2013. HDFC AMC International (IFSC) Limited is Registered with IFSCA as “Fund Management Entity (Retail)” to carry out investment management, investment advisory and portfolio management services activities from GIFT City – IFSC.. HDFC AMC IFSC is positioned as HDFC AMC’s offshore hub and will provide both Indian investment solutions for global investors and global solutions for offshore and Indian investors.
As part of the initial product rollout, HDFC AMC IFSC proposes to launch funds which would feed into different HDFC Mutual Fund schemes covering strategies on equity (across market capitalization) and hybrids. The setting up of these products provides a convenient and viable route for global investors to access its India investment solutions. Global investors thus stand to gain from the long and distinguished track record of HDFC AMC, the capabilities of its large and established investment team and its disciplined process driven investment approach. The initial focus would be on global institutional investors looking at India investment solutions.
As HDFC AMC IFSC expands its offering, it will provide options for both onshore investors and offshore investors to invest in global strategies. These products will help resident investors supplement their domestic investments by addition of global allocation. It is the company’s endeavour to provide access to resident investors with best-of-class global managers with GIFT City as the gateway.
HDFC AMC IFSC will also provide portfolio management services to eligible global institutional investors who wish to invest through separately managed accounts. Over a period of time HDFC AMC IFSC intends to deepen its solutions with addition of products on alternate strategies including those on private assets.
The aspiration is for HDFC AMC IFSC to become a one stop solution for all investment requirements from an offshore perspective, both for global investors looking at India solutions and for Indian and offshore investors looking at global solutions.
