03 September 2024
Established in GIFT-IFSC (Gujarat International Finance Tec-City - International Financial Services Centre) and registered as an open-ended Category III Alternative Investment Fund (AIF), this new fund is exclusively designed for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) (excluding residents of the United States and Canada), offering them a unique opportunity to gain exposure to the rapidly growing Indian capital markets.
The fund is structured as a Fund of Fund dedicated to India-focused investments managed by a diverse group of fund managers with proven track records, complementary investment styles, and a strong emphasis on risk-adjusted returns. This Fund is structured to deliver sustainable wealth creation by focusing on quality companies with scalable business models, solid management teams, and sustainable competitive advantages. The fund is ideal for NRIs who seek to invest in India’s growth story without the complexities associated with direct investments in Indian markets.
Rajesh Saluja, CEO & MD, ASK Private Wealth, remarked on the significance of this launch, "The Indian capital markets have been among the more resilient ones among major markets, even in the face of global tailwinds, on the back of the fast-growing economy. The ASKWA India Opportunities Fund provides an opportunity for NRIs and OCIs to participate in the India growth story through a well- diversified, expertly managed platform that aligns with their investment goals and helps them diversify their portfolio."
Somnath Mukherjee, CIO & Senior Managing Partner, ASK Private Wealth, added, "Till now, portfolio investments would typically get aggregated in international financial centres like Singapore, Hong Kong and Mauritius. With GIFT City offering a compelling and world-class proposition, ASKWA is proud to bring a multi-manager equity vehicle for offshore investors looking to invest in India. The structure enables investors to access multiple investing styles through multiple managers - all threaded together by ASKWA's unique ability to curate, evaluate, and structure innovative solutions for investors."
The ASKWA India Opportunities Fund offers a strategic avenue for NRIs and OCIs to access the dynamic and evolving Indian market, supported by ASK Private Wealth’s robust expertise and in-depth understanding of the Indian investment landscape.
Established in GIFT-IFSC (Gujarat International Finance Tec-City - International Financial Services Centre) and registered as an open-ended Category III Alternative Investment Fund (AIF), this new fund is exclusively designed for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) (excluding residents of the United States and Canada), offering them a unique opportunity to gain exposure to the rapidly growing Indian capital markets.
The fund is structured as a Fund of Fund dedicated to India-focused investments managed by a diverse group of fund managers with proven track records, complementary investment styles, and a strong emphasis on risk-adjusted returns. This Fund is structured to deliver sustainable wealth creation by focusing on quality companies with scalable business models, solid management teams, and sustainable competitive advantages. The fund is ideal for NRIs who seek to invest in India’s growth story without the complexities associated with direct investments in Indian markets.
Rajesh Saluja, CEO & MD, ASK Private Wealth, remarked on the significance of this launch, "The Indian capital markets have been among the more resilient ones among major markets, even in the face of global tailwinds, on the back of the fast-growing economy. The ASKWA India Opportunities Fund provides an opportunity for NRIs and OCIs to participate in the India growth story through a well- diversified, expertly managed platform that aligns with their investment goals and helps them diversify their portfolio."
Somnath Mukherjee, CIO & Senior Managing Partner, ASK Private Wealth, added, "Till now, portfolio investments would typically get aggregated in international financial centres like Singapore, Hong Kong and Mauritius. With GIFT City offering a compelling and world-class proposition, ASKWA is proud to bring a multi-manager equity vehicle for offshore investors looking to invest in India. The structure enables investors to access multiple investing styles through multiple managers - all threaded together by ASKWA's unique ability to curate, evaluate, and structure innovative solutions for investors."
The ASKWA India Opportunities Fund offers a strategic avenue for NRIs and OCIs to access the dynamic and evolving Indian market, supported by ASK Private Wealth’s robust expertise and in-depth understanding of the Indian investment landscape.
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