Unifi Capital launches two funds through its recently established subsidiary in GIFT City
- Unifi Capital opens a subsidiary – UIML – at the GIFT City IFSC in Gujarat
- They launch two new investment funds through UIML
- This will help their foreign and NRI investors to directly invest without re-routing funds
- The Rangoli India Fund invests in Indian firms while the G20 portfolio focuses on outbound investments
Chennai, Unifi Capital, a leader in Portfolio Management in India, announces the launch of two new fund offerings through its subsidiary – Unifi Investment Management LLP (UIML) – in GIFT City, International Finances Services Centre.
Mr. Sarath Reddy, Founder & CIO of Unifi Capital said, “The establishment of Unifi IM is a strategic expansion of our international capabilities and prepares us for India’s growing integration with the global investment markets. Unifi’s foreign and NRI investors can now directly invest in our concentrated Indian portfolios without having to route through offshore jurisdictions. Similarly, our Indian investors can now directly invest in the world markets through the same streamlined channel.”
The primary offering is the Rangoli India Fund, an Inbound Cat III AIF registered with SEBI as a Category 1 FPI. The fund, similar to Unifi’s domestic “Blended-Rangoli” strategy, is a value-oriented concentrated investor in growth businesses. It invests in Indian companies that are beneficiaries of growing middle-class and household income, formalization of the informal sector, and emerging national core competencies.
The second fund is the G20 Portfolio, an Outbound PMS, which is currently in the works. Bringing Globally 20 leading listed businesses to Indian HNI investors will enable them to diversify their assets internationally and optimise their portfolio’s risk-adjusted returns.
Mr. Krishna Prassad, CEO and Principal Officer of UIML said, “SEBI’s recent decision allows 100% NRI investment for FPIs based in GIFT City and is a major milestone for such funds targeting the diaspora, who are natural investors in Indian markets Unifi’s deep research and Asset Management expertise, coupled with our commitment to lifetime client relationships, will help our clients confidently enter this new arena of developed market equities.”
About Unifi Capital Unifi was established in 2001 as a registered portfolio manager. Our core DNA of active management with an unrelenting focus on ‘absolute valuation’ and risk control is central to our consistent and outstanding performance. We are a team of 115 with exceptional research capability and operational precision. The firm is employee-owned and managed. Unifi has no professional interests outside of asset management and values its independence to make investment decisions based purely on merit.
