This marks a significant milestone for the fund, highlighting strong investor interest and confidence in the fund's strategy.

According to Akhil Chaturvedi, Executive Director and CBO at Motilal Oswal AMC, the fund has garnered USD 115 million in investments to date. The fund has demonstrated a strong track record, delivering an alpha of 11.6% above the MSCI India Dollar Index, he added in a LinkedIn post.

This rapid fund-raising success underscores the growing appeal of India's GIFT City as a prominent financial hub. The fund's focus on capitalizing on the growth opportunities within the GIFT City ecosystem has resonated with investors seeking exposure to this dynamic market.

The Motilal Oswal GIFT CITY Fund is an open-ended, multi-cap, long-only India equity fund domiciled in GIFT City, Ahmedabad. Incepted on June 13, 2024, it is registered as a Category III AIF with the International Financial Services Centres Authority (IFSCA).