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The Wealth Company launches India Fund for NRIs
It does not accept resident Indians and currently excludes investors resident in the U.S. and Canada, as well as investors from FATF-restricted jurisdictions.
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Staff Reporter - Wed, 12, Aug 2026
- 02:23 EDT
- 23
WEALTH COMPANY / WEALTH COMPANY
The Wealth Company has launched a GIFT City-based fund that will give eligible overseas investors, including nonresident Indians (NRIs), professionally managed access to India's mutual fund and exchange-traded fund (ETF) market through a single U.S. dollar-denominated investment vehicle.
The fund, The Wealth Company IFSC FoF, brings India's broad mutual fund universe under one professionally managed structure, with the portfolio spanning equity, fixed income, hybrid funds, ETFs, index strategies and specialized investment funds.
Given the growing relevance of GIFT City, NRI participation in Indian markets and global capital flows into India, The Wealth Company said in a statement.
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For millions of Indians living outside the country, investing in India's growth has often meant navigating two worlds: the opportunity of India's capital markets and the complexity of accessing them from overseas. The Wealth Company is seeking to simplify that equation, the statement said.
“The Company has launched The Wealth Company IFSC FoF, an open-ended Category III Alternative Investment Fund based in GIFT City IFSC, designed to give eligible nonresident investors, including NRIs, a single, U.S. dollar-denominated route to a professionally managed portfolio of Indian mutual funds and ETFs,” it said.
The fund is managed by Wealth Company Asset Management Private Limited (IFSC Branch), a fund management entity registered with IFSCA.
The structure is intended for eligible global family offices, institutional allocators, accredited investors and HNI/UHNI nonresidents. It does not accept resident Indians and currently excludes investors resident in the U.S. and Canada, as well as investors from Financial Action Task Force-restricted jurisdictions.
The timing reflects the scale of India's investment transformation. Indian mutual fund assets stood at ₹82.22 lakh crore as of June 30, 2026, up from ₹13.81 lakh crore a decade earlier, almost a sixfold increase. SIP contributions reached ₹31,781 crore in June 2026, according to AMFI. While India's domestic investor base has expanded rapidly, global Indians have not always had an equally straightforward way to participate in that growth.
Overall, India now has more than 50 AMCs and over 1,700 active mutual fund schemes, creating a market where the challenge is no longer simply access. It is selection: deciding which managers, categories and strategies deserve capital, and when that allocation needs to change. That is the gap The Wealth Company IFSC FoF is designed to address.
Rather than investing directly into individual Indian mutual fund schemes, the FoF will select and allocate across the wider mutual fund and ETF universe. Its investment process evaluates schemes using factors including historical performance, risk metrics, quantitative parameters, relative performance and forward-looking market positioning. The portfolio can span diversified equity-oriented funds, sectoral strategies, fixed income funds, hybrid funds, gold and silver ETFs, index strategies and SIFs, subject to the fund's mandate.
The objective is straightforward: give an overseas investor one professionally managed India allocation rather than asking them to become an expert in India's entire mutual fund industry.
“India's growth has stopped being a story that Indians only watch from abroad. For many, it is becoming an opportunity they want to participate in,” said Ms. Madhu Lunawat, founder, The Wealth Company. “GIFT City gives us the ability to build that bridge. We want an Indian living overseas to think about India as part of their long-term wealth portfolio and not as a market that is difficult to access from where they live.”
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