9 months ago
Neo AMC Launches India All-Cap Core Equity Fund
Neo Asset Management, part of Neo Group, has started a new investment fund called the India All-Cap Core Equity Fund.
This fund is designed to help global investors, including individuals and institutions, invest in India's stock market in a tax-friendly way.
The fund aims to raise $100 million, with a minimum investment of $150,000.
It is managed by Chintan Bhatt and supported by Pranjal Mitra and other investment leaders at Neo.
Neo Group manages a lot of money, over ₹80,000 crore, for its clients.
The fund is expected to attract sophisticated investors looking to benefit from India's long-term growth.
Neo Asset Management has launched the India All-Cap Core Equity Fund, an open-ended, multi-manager Fund of Funds (FoF).
The fund operates within GIFT City’s Category III Alternative Investment Fund (AIF) framework.
It aims to raise $100 million with a minimum investment of $150,000 (₹1.35 crore).
The fund is managed by Chintan Bhatt, supported by Pranjal Mitra and Neo Asset Management's investment leadership.
Neo Group manages over ₹80,000 crore in client assets across its wealth management and advisory businesses.
- Who
- Neo Asset Management, the asset management arm of Neo Group
- What
- Launched the India All-Cap Core Equity Fund
- Where
- Operates within GIFT City’s Category III Alternative Investment Fund (AIF) framework
- When
- Not specified
- Why
- To provide global investors with efficient and tax-advantaged access to India’s long-term equity growth
Key facts
- Fund Name
- India All-Cap Core Equity Fund
- Fund Type
- Open-ended, multi-manager Fund of Funds (FoF)
- Fund Size
- $100 million
- Minimum Investment
- $150,000 (₹1.35 crore)
- Tax Benefits
- Potential exemptions under Section 10(4D) of the Income Tax Act
- Fund Manager
- Chintan Bhatt
- Supported By
- Pranjal Mitra and Neo Asset Management's investment leadership
- Assets Managed by Neo Group
- ₹80,000 crore
- Assets Managed by Alternatives and Asset Management Wing
- ₹18,500 crore
Quotes
Shantanu Bhargava
Head of Managed Solutions at Neo Group
“Global investors are actively seeking high-governance, tax-efficient and institutionally managed access to India. Our India All-Cap Core Equity Fund is built specifically to meet this requirement, offering broad India exposure, rigorous manager selection and the structural tax advantages enabled through GIFT city. With this launch, we are not only expanding the avenues for global capital to participate in India’s long-term growth but also reinforcing our commitment to building world-class investment vehicles. We expect this fund to serve as a gateway for sophisticated investors looking to participate in India’s next decade of wealth creation.”
businesstoday.in
