NRI Talk: GIFT City AIFs - A game-changer for NRIs investing in Indian markets, says Rajesh Cheruvu
“GIFT City AIF is an efficient way for international investors to access the Indian markets. It takes away the need to open an account in India as investors can invest directly in US dollars in a GIFT fund, that in turn invests into the Indian markets,” says Rajesh Cheruvu – MD and CIO, LGT Wealth India.
In an interview with ETMarkets, Cheruvu said: “NRIs could look at rental yield and Infra yield funds offered by various AIFs in India, these funds offer steady cash flows on maturity these funds tend to sell assets into InvIT or ReITs,” Edited excerpts:
Can you elaborate on the role of GIFT City AIFs as a platform for NRIs to invest in Indian equities or mutual funds?
GIFT City AIF is an efficient way for international investors to access the Indian markets. It takes away the need to open an account in India as investors can invest directly in US dollars in a GIFT fund, that in turn invests into the Indian markets.
LGT is in the process of launching its own GIFT City AIF focused on Indian equity-oriented mutual funds. What will be the key differentiators of this offering?
LGT has open architecture, and an institutional research process for selecting best performing funds. We are using the same methodology to select a basket of 8-10 top performing mutual funds across fund houses, into which our GIFT AIF will feed. This gives investors access to an investment that is well diversified across sectors and market capitalization.
How does LGT identify stocks with high earnings consistency and a strong balance sheet?
