Neo Asset Management launches India's first independent multi-AMC fund from GIFT City

 Neo Asset Management, the asset management arm of Neo Group, today announced the launch of the India All-Cap Core Equity Fund, an open-ended, multi-manager Fund of Funds (FoF) anchored in GIFT city’s Category III AIF framework. The fund has been designed specifically for global investors seeking efficient access to India’s long-term growth story and combines broad market exposure with deep research capabilities. The fund operates within the GIFT City framework and is designed to be tax-efficient for offshore investors. Certain income streams may qualify for exemptions under Section 10(4D) of the Income Tax Act, subject to eligibility conditions and regulatory compliance. 

The Neo India All-Cap Core Equity Fund aims to raise USD 100 million, and is open to eligible individuals as well as institutional investors, offshore institutions, non-resident Indians, dual citizens who qualify as non-residents of India, and high net worth individuals and family offices. The minimum investment size is USD 150,000 (approximately 1.35 crores).

 

The fund will be managed by Chintan Bhatt – Fund Manager and Principal office from Neo Asset Management, along with Pranjal Mitra – Senior Analyst and supported by Neo’s deeply experienced investment leadership.

 

Neo Group is one of India’s leading wealth and asset management platforms, managing over ₹80,000 crore of client assets across wealth management and advisory businesses.

 

Neo’s alternatives and asset management platform oversees approximately ₹18,500 crore across private credit, private equity, real assets, and listed strategies, serving ultra-high-net-worth families, institutions, and global investors.

 

Shantanu Bhargava, Head of Managed Solutions, Neo Group, said “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.”