Edelweiss Mutual Fund set to launch Greater China equity product for retail via GIFT City

Edelweiss Mutual Fund set to launch Greater China equity product for retail via GIFT City

Edelweiss Mutual Fund is preparing to launch a Greater China equity fund for retail investors through the GIFT City IFSC platform, marking the AMC’s first international product under the structure. The fund will offer exposure to companies across Mainland China, Hong Kong and Taiwan, by feeding into the same underlying strategy as Edelweiss’s existing Greater China offshore feeder fund.

According to the details shared so far, the GIFT City scheme will mirror the investment approach of Edelweiss’s offshore feeder structure, which allocates its corpus to a global fund investing across the Greater China region.

The Edelweiss Greater China Equity Off-shore Fund is a GIFT City feeder fund that invests into the JPMorgan Funds – Greater China Fund (Luxembourg SICAV). It is open to resident Indians and NRIs (US/Canada residents excluded) via the LRS or OPI route, with a minimum application of USD 5,000 and additional purchases of USD 1,000. Expense ratios are 0.50% p.a. for the Direct Plan and 1.50% p.a. for the Regular Plan (excluding the underlying JPMorgan fund expenses), with nil exit load. Edelweiss will enable an online onboarding journey soon.

The product will be housed in GIFT City to enable Indian retail investors to access overseas equities without being bound by the foreign investment limits that apply to domestic mutual funds.

The underlying portfolio typically includes stocks from sectors such as technology, consumer discretionary and financials, which form core components of the region’s economic activity and equity market composition.

Confirming the development, Edelweiss MF MD & CEO Radhika Gupta wrote on X that she was “super excited to bring our first international offering via GIFT,” adding that the fund will be for retail investors and “the first of others to follow.”

She also clarified that the GIFT City product will feed into the same underlying fund as the AMC’s existing Greater China offering, with more details on subscription mechanics expected shortly.