Unifi Capital, a leading portfolio management company, has announced the launch of two fund offerings through its subsidiary, Unifi Investment Management LLP (UIML), in GIFT City, Gujarat's International Financial Services Centre.

The flagship offering, the Rangoli India Fund, is an inbound Category III Alternative Investment Fund (AIF) registered with SEBI as a Category 1 Foreign Portfolio Investor (FPI). This fund targets international clients, including institutions, high-net-worth individuals (HNIs), and non-resident Indians (NRIs), looking to invest in India. Managed by Unifi's dedicated offshore arm, the Rangoli India Fund follows a value-oriented, concentrated investment strategy in growth businesses. It focuses on Indian companies benefiting from the growing middle-class and household income, formalisation of the informal sector, and emerging national core competencies.

The second fund, the G20 Portfolio, is an outbound Portfolio Management Service (PMS) currently under development. This fund aims to offer Indian HNI investors access to 20 of the world's leading listed businesses, allowing them to diversify their assets internationally and optimise their portfolio's risk-adjusted returns.

SEBI's recent decision to allow 100% NRI investment for FPIs based in GIFT City is a major milestone for such funds targeting the diaspora, who are natural investors in Indian markets. 

Unifi Capital's strategic move aims to bring 20 of the world's leading listed businesses to Indian HNIs, enhancing their investment opportunities by diversifying assets internationally.

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