Monday, Jan 20 2025 | Time 18:47 Hrs(IST)
image
Business EconomyPosted at: Jun 14 2024 6:26PM


Unifi Capital launches 2 new fund offerings

Chennai, June 14 (UNI) Unifi Capital, a leader in Portfolio Management in India, on Friday announced the launch of two new fund offerings through its subsidiary - Unifi Investment Management LLP (UIML) - in GIFT City, International Finances Services Centre.

Mr. Sarath Reddy, Founder and CIO of Unifi Capital said, “The establishment of Unifi IM is a strategic expansion of our international capabilities and prepares us for India’s growing integration with the global investment markets.
"Unifi’s foreign and NRI investors can now directly invest in our concentrated Indian portfolios without having to route through offshore jurisdictions. Similarly, our Indian investors can now directly invest in the world markets through the same streamlined channel", he said, according to a press release here.

The primary offering is the Rangoli India Fund, an Inbound Cat III AIF registered with SEBI as a Category 1 FPI. The fund, similar to Unifi’s domestic “Blended-Rangoli” strategy, is a value-oriented concentrated investor in growth businesses. It invests in Indian companies that are beneficiaries of growing middle-class and household income, formalization of the informal sector, and emerging national core competencies.

The second fund is the G20 Portfolio, an Outbound PMS, which is currently in the works. Bringing Globally 20 leading listed businesses to Indian HNI investors will enable them to diversify their assets internationally and optimise their portfolio’s risk-adjusted returns.

Mr. Krishna Prassad, CEO and Principal Officer of UIML said, “SEBI's recent decision allows 100% NRI investment for FPIs based in GIFT City and is a major milestone for such funds targeting the diaspora, who are natural investors in Indian markets Unifi’s deep research and Asset Management expertise, coupled with our commitment to lifetime client relationships, will help our clients confidently enter this new arena of developed market equities.”
UNI GV 1825
Please log in to get detailed story.
Tags: #Unifi Capital launches 2 new fund offerings
More News
Muscle in Motion' by MRF at Bharat Mobility 2025

Muscle in Motion' by MRF at Bharat Mobility 2025

20 Jan 2025 | 6:31 PM

New Delhi/Chennai, Jan 20 (UNI) MRF Ltd., India’s largest tyre manufacturer and a global leader in tyre technology, will introduce its visionary theme, 'Muscle in Motion,' at Bharat Mobility 2025, Bharat Mandapam, New Delhi.

see more..
CtrlS to set up new Datacenter park in Hyderabad

CtrlS to set up new Datacenter park in Hyderabad

20 Jan 2025 | 6:21 PM

Hyderabad, Jan 20 (UNI) CtrlS Datacenters, Asia's largest Rated-4 datacenter company, on Monday announced plans to set up a new center park on a 40-acre land parcel at the upcoming Chandanvelly Industrial Park near Hyderabad.

see more..
TCS opens new delivery centre in France

TCS opens new delivery centre in France

20 Jan 2025 | 6:02 PM

New Delhi, Jan 20 (UNI) Tata Group IT major Tata Consultancy Services (TCS) on Monday said it has started a new delivery center in Toulouse, France, to drive AI-Powered transformation for the aerospace and defence Industries.

see more..

Muthoot Finance only Gold loan NBFC named in RBI’s Upper Layer List

20 Jan 2025 | 5:53 PM

New Delhi, Jan 20 (UNI) Muthoot Finance Ltd (MFIN), a flagship of Muthoot Group and gold financing company in terms of loan portfolio, has continued its streak as the only gold loan NBFC named in RBI’s ‘Upper Layer’ list for three consecutive years.

see more..

AP: Coromandel International unveils Advanced Soil and Leaf Testing Laboratory

20 Jan 2025 | 5:47 PM

Kakinada (Andhra Pradesh), Jan 20 (UNI) Coromandel International Limited, India’s leading agri-inputs company, has inaugurated an Advanced Soil and Leaf Testing Laboratory at its plant in Kakinada.

see more..
image