{"id":67238,"date":"2026-08-15T11:00:00","date_gmt":"2026-08-15T04:00:00","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=67238"},"modified":"2026-08-15T11:00:00","modified_gmt":"2026-08-15T04:00:00","slug":"the-wealth-company-launches-gift-city-fund-to-give-nris-a-single-dollar-denominated-route-into-indias-mutual-fund-market","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=67238","title":{"rendered":"The Wealth Company Launches Gift City Fund to Give NRIs a Single, Dollar-Denominated Route into India’s Mutual Fund Market"},"content":{"rendered":"\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

New Category III AIF brings India’s 50+ AMCs and 1,600+ mutual fund schemes within one professionally managed investment structure<\/i><\/p>\n

MUMBAI, India<\/span>, Aug. 15, 2026<\/span> \/PRNewswire\/ — The Wealth Company, the asset management arm of Pantomath Group, has launched The Wealth Company IFSC Fund of Fund (FoF)<\/b>, an open-ended Category III Alternative Investment Fund based in GIFT City IFSC, offering eligible non-resident investors, including NRIs, a single, US dollar denominated route to professionally managed exposure across India’s mutual fund and ETF universe.<\/p>\n

<\/div>\n

Through the USD-denominated FoF, investors can have a single-point diversified exposure to equity-oriented funds, sectoral strategies, fixed income funds, hybrid funds, gold and silver ETFs, index strategies and SIFs, subject to the fund’s mandate.\u00a0<\/p>\n

For an NRI in Dubai, Singapore, London, or any other global financial centre, the fund offers the ability to participate in India’s growth through a structure designed specifically for non-resident investors – eligible investors do not separately need to undertake the SEBI FPI registration process.<\/p>\n

The structure is intended for eligible global family offices, institutional allocators, accredited investors and HNI\/UHNI non-residents.<\/p>\n

“<\/i>India’s growth has stopped being a story that Indians only watch from abroad<\/i>. We want an Indian living overseas to think about India as part of their long-term wealth portfolio and not as a market that is difficult to access from where they live,” <\/i>said Ms. Madhu Lunawat, Founder, The Wealth Company.<\/b><\/p>\n

“There are more than 1,600 schemes to choose from, different market cycles and very different investment styles. Our job is to do that selection and rebalancing within a structure that makes sense for an overseas investor,”<\/i> said Unmesh Kulkarni, Managing Director, Group Product Head, The Wealth Company.<\/b><\/p>\n

The tax question: potentially significant, but not one-size-fits-all<\/b><\/p>\n

Tax is another consideration for overseas investors. The Fund is structured as an IFSC-based Category III AIF and is expected to qualify as a “Specified Fund” under the applicable provisions of the Income-tax Act, 2025, subject to satisfaction of the prescribed conditions.<\/p>\n

For eligible non-resident investors, distributions by the Fund and capital gains arising on transfer or redemption of Fund units may be exempt from Indian income tax, subject to the applicable statutory conditions.<\/p>\n

Further, eligible non-resident investors who satisfy the prescribed conditions may also benefit from relaxations relating to PAN and filing of an Indian income-tax return, including where they have no other income chargeable to tax in India and the prescribed investor information and tax-deduction requirements are complied with.<\/p>\n

The availability of these benefits is subject to the Fund satisfying the conditions applicable to a specified fund and to the individual circumstances of each investor.<\/p>\n

The Fund may be of particular interest to investors based in jurisdictions such as the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, Oman, Uganda and Mauritius; however, the tax treatment in each investor’s home jurisdiction is subject to the investor’s individual circumstances and should be evaluated with the investor’s own tax advisor.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

New Category III AIF brings India’s 50+ AMCs and 1,600+ mutual fund schemes within one professionally managed investment structure<\/i><\/p>\n

MUMBAI, India<\/span>, Aug. 15, 2026<\/span> \/PRNewswire\/ — The Wealth Company, the asset management arm of Pantomath Group, has launched The Wealth Company IFSC Fund of Fund (FoF)<\/b>, an open-ended Category III Alternative Investment Fund based in GIFT City IFSC, offering eligible non-resident investors, including NRIs, a single, US dollar denominated route to professionally managed exposure across India’s mutual fund and ETF universe.<\/p>\n

<\/div>\n

Through the USD-denominated FoF, investors can have a single-point diversified exposure to equity-oriented funds, sectoral strategies, fixed income funds, hybrid funds, gold and silver ETFs, index strategies and SIFs, subject to the fund’s mandate.\u00a0<\/p>\n

For an NRI in Dubai, Singapore, London, or any other global financial centre, the fund offers the ability to participate in India’s growth through a structure designed specifically for non-resident investors – eligible investors do not separately need to undertake the SEBI FPI registration process.<\/p>\n

The structure is intended for eligible global family offices, institutional allocators, accredited investors and HNI\/UHNI non-residents.<\/p>\n

“<\/i>India’s growth has stopped being a story that Indians only watch from abroad<\/i>. We want an Indian living overseas to think about India as part of their long-term wealth portfolio and not as a market that is difficult to access from where they live,” <\/i>said Ms. Madhu Lunawat, Founder, The Wealth Company.<\/b><\/p>\n

“There are more than 1,600 schemes to choose from, different market cycles and very different investment styles. Our job is to do that selection and rebalancing within a structure that makes sense for an overseas investor,”<\/i> said Unmesh Kulkarni, Managing Director, Group Product Head, The Wealth Company.<\/b><\/p>\n

The tax question: potentially significant, but not one-size-fits-all<\/b><\/p>\n

Tax is another consideration for overseas investors. The Fund is structured as an IFSC-based Category III AIF and is expected to qualify as a “Specified Fund” under the applicable provisions of the Income-tax Act, 2025, subject to satisfaction of the prescribed conditions.<\/p>\n

For eligible non-resident investors, distributions by the Fund and capital gains arising on transfer or redemption of Fund units may be exempt from Indian income tax, subject to the applicable statutory conditions.<\/p>\n

Further, eligible non-resident investors who satisfy the prescribed conditions may also benefit from relaxations relating to PAN and filing of an Indian income-tax return, including where they have no other income chargeable to tax in India and the prescribed investor information and tax-deduction requirements are complied with.<\/p>\n

The availability of these benefits is subject to the Fund satisfying the conditions applicable to a specified fund and to the individual circumstances of each investor.<\/p>\n

The Fund may be of particular interest to investors based in jurisdictions such as the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, Oman, Uganda and Mauritius; however, the tax treatment in each investor’s home jurisdiction is subject to the investor’s individual circumstances and should be evaluated with the investor’s own tax advisor.<\/p>\n

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