Our Offerings

We are strong believers of the India growth story at core and our product offerings have been built in a way to support foreign Australian Wholesale Investors access Indian capital markets in an efficient and easily accessible manner.

India Investment For Global Investors

The Indian diaspora and global HNIs / UHNIs, NRI, SMSF, Investment company & Trust, Money manager, Asset manager, Financial planners, Fund Manager, Portfolio Managers, Superannuation funds, Alternative Assets and Hedge Funds are actively looking to participate in the India growth story.

We offer a variety of investment solutions for global investors looking to invest in India; through GIFT city. Our investment structure provides opportunity and access to Indian public markets, which is a vibrant avenue for investors seeking exposure to emerging markets. Our offering is only for eligible wholesale investors.

Our Illustrative Fund Structure

offering-chart

Our Scheme Details

Fund Administration & Registry NAV Fund Services (Australia) Pty Ltd
Legal counsel Hall & Wilcox
Tax Advisor (Australia) HLB Mann Judd Advisor and Accounting
Tax Advisor (India) Kavit Dave & Co
India representative office and GIFT city advisor Awfficacy Capital Advisors Private Limited
Bank National Australian Bank
Fund Tax Accountant BDO

Our Scheme Details

Our Current Fund Offering

India Growth Mid-Cap Opportunities Fund - 1H (IG Fund - 1H)

Product APIR Code – NCC0019AU

Fund Performance (CAGR) of the underlying Master Fund (HDFC Mid-Cap Opportunities Fund)

Benchmark Index: NIFTY Mid Cap 150

Source –  HDFC IFSC December 2024 presentation

*The above furnished returns are based on absolute returns in INR terms and are dated as on December 31st, 2024
*Past performance is not a reliable indicator of future performance
*The rating is only for the master fund i.e “The HDFC Mid-Cap Opportunities Fund”

Our Upcoming Fund Offerings

Our Fund
India Growth Nifty 50 Fund - 2H

Feeder Fund HDFC India Nifty 50 Fund

Our Fund
India Growth Flexi Cap Fund - 3A 

Feeder Fund ABSL India Flexi Cap Fund (IFSC)

Our Fund
India Growth Flexi Cap Fund - 4H   

Feeder Fund HDFC India Flexi Cap Fund

Our Fund
India Growth Small Cap Fund - 5H

Feeder Fund HDFC India Small Cap Fund

Our Fund
India Growth Balanced Advantage Fund - 6H

Feeder Fund HDFC India Balanced Advantage Fund

FAQ'S

The IG Funds is designed to offer Australian wholesale investors indirect access to Indian mutual funds, facilitating capital appreciation through growth-oriented investments in Indian markets, specifically via a tax-efficient structure set up by IFSCA in GIFT City, Ahmedabad, Gujarat, India.

  • Trustee: Non Correlated Capital Pty Ltd, overseeing fund compliance and custodial duties
  • Investment Manager: Non Correlated Managers Pty Ltd, responsible for investment strategy and asset management
  • Promoter: India Growth Funds Aust Pty Ltd, providing market access and strategic investment support, with a strong focus on facilitating Indian market participation for Australian investors
Our Current Fund Offering
India Growth Mid-Cap Opportunities Fund – 1H
HDFC India Mid Cap Opportunities Fund
 
Our Upcoming Funds
India Growth Flexi Cap Fund – 3A
ABSL India Flexi Cap Fund (IFSC)
India Growth Equity Opportunities Fund – 2D
DSP India Equities Opportunities Fund
     
  • Initial Investment: AUD 25,000
  • Follow-on Investments: Minimum of AUD 10,000 per transaction.

Each IG Fund invests in a feeder fund registered in GIFT City, India, which then invests in a corresponding Indian MF Scheme. This setup enables seamless foreign investment in Indian mutual funds while adhering to tax-efficient strategies.

Risks include market volatility, currency fluctuations (AUD, USD, INR), limited liquidity, and regulatory uncertainties. The investment is not guaranteed, and investors are advised to consider their financial and risk tolerance before committing.

Distributions are not expected; IG Funds are growth-oriented with reinvestment as the primary objective.

Fees include a trustee fee, fund expenses, an annual administration fee, and a variable withdrawal fee based on the length of investment holding. Detailed information on fees is provided in the IM.

We recommend long term view of staying invested in India growth story over 3- 5 years, please refer our Information memorandum for further information.

Only Australian wholesale clients meeting the Corporations Act’s eligibility requirements may invest.

We provide investors access to a portal, give regular updates and statements via email and an app to see investments and performance.