Sundaram Asset Management Company on Monday announced the launch of the Sundaram India Mid Cap – GIFT, a USD-denominated offshore feeder fund aimed at giving global investors streamlined access to India’s midcap growth story through GIFT City’s International Financial Services Centre (IFSC).
The open-ended retail scheme will invest substantially all its assets in the underlying Sundaram Mid Cap Fund, a SEBI-registered domestic mutual fund with a 23-year track record under its regular plan. The new fund opens for subscription on February 16, 2026, with a minimum investment of USD 5,000 for both regular and direct plans. Units are priced at USD 10 each during the offer period.
Commenting on the launch, Anand Radhakrishnan, Managing Director of Sundaram AMC, said the structure allows international investors to participate in India’s long-term growth, particularly in the midcap segment, while reducing currency and operational friction through a USD-denominated vehicle.
The feeder fund will provide exposure to a diversified portfolio of high-quality, scalable midcap companies across sectors such as industrial products, banks and financial services, healthcare services, and auto components—areas aligned with India’s manufacturing, infrastructure, and consumption-led growth themes.
By leveraging GIFT City’s IFSC framework, the fund aims to offer globally compliant and tax-efficient access, including simplified cross-border transactions and certain exemptions on capital gains, dividends, and interest income, subject to regulations. The scheme is open to eligible global investors, including NRIs, foreign nationals, foreign institutional investors, and FPIs.
Sundaram Asset Management Singapore and Sundaram Alternates are part of the broader group operations. Sundaram AMC, a wholly owned subsidiary of Sundaram Finance, manages over Rs 86,245 crore in assets (as of January 31, 2026) across equities, fixed income, and alternative strategies, with a presence in India, Singapore, and Dubai.
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