What is Edelweiss India Multimanager Equity Fund in GIFT City?

Edelweiss Asset Management opened its International Financial Services Centre (IFSC) branch in GIFT City on August 19, 2025, alongside the launch of its Edelweiss India Multimanager Equity Fund – Series I.

The Edelweiss India Multimanager Equity Fund – Series I, a Category III AIF, is a first-of-its-kind fund by an AMC in India that will invest in equity schemes across several AMCs, as per a company release dated August 20.

What is Edelweiss India Multimanager Equity Fund?

A multimanager equity fund is an investment fund that invests in stocks (equities) run by multiple fund managers or investment firms. Unlike other funds that have a single portfolio manager or investment team, its management responsibilities are spread across many fund managers to achieve broader diversification and better returns over time.

The Edelweiss India Multimanager Equity Fund – Series I is an open-ended Category III Alternative Investment Fund (AIF) under the IFSCA (Fund Management) Regulation, 2025, and is registered with SEBI as a Category I Foreign Portfolio Investor (FPI), the release reads.

A Category III Alternative Investment Fund (AIF) is a type of pooled fund defined under the Securities and Exchange Board of India (SEBI) AIF Regulations, 2012.

It is structured as a fund-of-funds and will invest in a diversified mix of quality flexicap (60%) and midcap (40%) funds. The fund is aimed at delivering long-term capital appreciation. The fund selection will be done after a thorough quantitative and qualitative process, and the portfolio will comprise both Edelweiss AMC offerings and consistently performing funds from other AMCs. Further, the portfolio will be reviewed every year to ensure performance and growth.

More about Edelweiss AMC’s branch in GIFT City

The opening of Edelweiss AMC’s branch at Gujarat International Finance Tec-City (GIFT City), with its tax incentives and investor-friendly infrastructure, is part of the company’s global growth strategy.

“With our launch in GIFT City, we are well-positioned to provide global investors with a credible and efficient route to participate in India’s growth story, while also enabling Indian investors access to a wide range of global products. GIFT City offers a world-class platform with regulatory clarity, competitive costs, and seamless cross-border access—making it easier for global investors to invest in India and for Indian investors to diversify internationally. As India’s economic influence grows, GIFT City is set to play a key role in channelling capital flows to and from the country,” Edelweiss AMC’s MD and CEO Radhika Gupta said in the release.

India is world’s fourth-largest economy with a GDP of $4.27 trillion, driven by growth factors like infrastructure, business reforms, technology, demographic dividend and sustainability, the release said, adding, “With 60% of its population being of working age, India enjoys a demographic dividend, which it is expected to benefit from for the next 30 years. A larger share of the working-age population of the total population is likely to witness higher GDP growth rates, further spurring consumption and driving manufacturing services and exports. Mutual funds that specifically cater to those investing in these opportunities would be apt in creating long-term wealth.”

“By combining the global access and tax benefits offered by GIFT City with Edelweiss AMC’s proven track record in asset management, investors are getting a new opportunity for cross-border investing while also reinforcing India’s position amongst the largest and fastest-growing economies with a global presence,” the release noted.

At this time, the entry of Edelweiss AMC into GIFT City is notable, as the Indian economy is showing great potential and NRIs are consistently seeking wider participation in the country’s equity markets.