Tata Asset Management receives approval to launch Dynamic Equity Fund at GIFT City

Earlier this year, Tata Asset Management received regulatory approval from IFSCA to start operations at GIFT City, Gujarat as a Registered Fund Management Entity (Retail).

Tata Asset Management has secured approval from the International Financial Services Centres Authority (IFSCA) to launch Tata India Dynamic Equity Fund – GIFT IFSC, a retail-focused inbound feeder fund designed to channel global investments into India’s equity market, the company said on September 16.

The fund requires a minimum investment of $500 and offers individual and institutional investors - including Non-Resident Indians (NRIs) and Overseas Citizens of India - an entry into India’s capital markets. Structured to invest in Tata AMC's mutual fund equity schemes and exchange-traded funds (ETFs), the fund offers diversified exposure across large, mid, and smallcap segments, and takes tactical positions in emerging sectors such as technology, energy, and healthcare, the AMC said.

Using an active allocation strategy, the fund plans to deploy between 50-100 percent of assets in broad-based equity funds and up to 50 percent in sectoral and thematic opportunities.

Earlier this year, Tata Asset Management had received regulatory approval from IFSCA to start operations at GIFT City, Gujarat as a Registered Fund Management Entity (Retail).

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