Who We Are

India Growth Funds is a company registered in Australia which is focused into providing Australian investors an easy access to Indian capital markets. We leverage our innovative technology and deep understanding of the Indian market to offer Australian investors products that are tailored to their investment philosophy.

We leverage the tax-efficient structure offered by IFSCA in Gujarat International Finance Tec-City (GIFT city) to navigate Australian investors towards investing in the India growth story. We prioritize transparency, security, and compliance to ensure a safe and reliable investment environment.

Our Focus

Long term Growth

We foresee to stay invested in any opportunity for over five years to ensure maximum returns from the investments.

Firm risk management framework

Our rigorous monitoring ensures prudent investment decisions, safeguarding your capital while pursuing growth opportunities.

India expertise

With a deep understanding of India as a market fuelled by years of experience, we leverage our expertise to identify promising investment prospects.

Our Leadership Team

Troy Burns

Fund Manager – Non-Correlated Manager Pty Ltd

Troy’s educational qualifications include an MBA and Masters of Applied Finance. Troy has over 15 years of investment and fund management experience, including management of hedge funds and multi-strategy funds
Troy is a co-founder and focuses on all facets of Non Correlated Capital’s operations and is the portfolio manager for the Alternative Diversification Fund
Troy has raised and managed over 300 million dollars for NCC and, engaged and serviced over 150 high-net-worth clients ranging from private individuals to institutions

Robert Garton Smith

Trustee – Non-Correlated Capital Pty Ltd

Robert has degrees in law, commerce and financial planning and is a legal practitioner and a registered tax (financial) advisor.
Robert is the Chairman of Primary Securities Ltd and has been its responsible manager in relation to managed investments since inception
Robert is a member of the Law Society of Western Australia and the Australian Compliance Institute and is a Fellow of the Financial Services Institute of Australia and an associate member of the Financial Advice Association Australia

Andrew Boyle

Compliance Officer – Non-Correlated Manager Pty Ltd

Andrew has over 5 years’ experience in financial services and compliance
He has worked with many financial advisors and some of Australia’s largest superannuation funds
His role involves assisting NCG and its partners to meet their regulatory obligations while achieving commercial outcomes

Jenni Nazer

Operations Lead – Non-Correlated Capital Pty Ltd

With over 25 years of operations and administration experience in the financial services industry, Jenni is a professional dedicated to driving efficiency and excellence at NCG
Her diverse background includes critical roles as a Compliance Officer, Operations and Office Manager, Client Relationship Manager, and Executive Assistant
At NCG, Jenni plays a crucial role in supporting the management team in enhancing compliance, streamlining financial processes, optimising procedures, and supporting human resources

CA Harshad Subhash Kale

Co-Founder & Director

Harshad is a finance professional with over 22+ years of experience which includes Financial Markets and regulations, trading technology and platforms, derivatives FX & commodities trading, capital raising and entrepreneurship.
Harshad is qualified as a Chartered Accountant and a full member of CPA Australia, CA ANZ and ICAI India. He is also a member of the AICD (Australia India Company Directors) and was listed director on financial services firms regulated by FCA-UK, ASIC-Australia, and FSCA-South Africa and approved as a Responsible Manager under AFSL License ASIC – Australia.
Harshad has varied industry experience and has worked internationally across Australia, the UK, the Middle East, as well as on projects in the USA and India. He has held roles as a CFO, Director, and Board Member.

Niyati Agrawal

Co-Founder & Director

Niyati holds an MBA from NMIMS and has over 20 years of diverse experience in business
She specializes in Marketing, Finance, and HR, focusing on financial planning and client relationship management
An AMFI registered Mutual Fund distributor and IRDAI-registered Insurance Agent, Niyati drives business growth in the Insurance and Financial Advisory sectors

CA Aniket Sunil Talati

Strategic Advisor

CA Aniket Sunil Talati is a Former President of ICAI (2023-24) and was the Chairman of IFSCA Expert Committee on ‘Developing GIFT IFSC as Global Finance and Accounting Hub’
Based in Ahmedabad, he is a Partner at Talati & Talati LLP, a leading Chartered Accountancy firm with over 60 years of experience
Aniket is active in the PAIB Advisory Group of IFAC and serves on CAPA’s board, enhancing the global accountancy profession

CA Vipin Bhatia

Co-Founder & Strategic Advisor

Vipin is a seasoned finance executive with 25+ years in banking and financial services, specializing in strategic leadership, financial management, and regulatory compliance. He has held senior roles including CFO and Director, leading cross-cultural teams across the UK, USA, Latin America, and Asia.
Vipin has a strong record of driving profitability, enabling sustainable growth, and steering M&A and portfolio shifts. His expertise spans scaling start-ups, managing global finance functions, and crafting innovative financial strategies.
He holds credentials such as CPA (Australia & US), CA (India), CMA (India), and has completed the Adaptive Leadership Program at Melbourne Business School. His experience includes leadership roles at Barclays, GE, Australian Unity, and Olam International.

Nurturing Australian Wholesale Investments in India

INDIA GROWTH FUNDS PTY LTD

(ACN 679 187 994)

Making India investments
accessible

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India Growth Fund Aust. Pty Ltd ACN 679 187 994 (IGF) as a corporate authorised representative (CAR: 1313345) of Non Correlated Advisors Pty Ltd ACN 158 314 982 AFSL 430126 (NCA). IGF is authorised to advise and deal in wholesale investors only as that term is defined in the Corporations Act 2001. IGF is only authorised to provide you with general information. Under no circumstances does IGF take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. You are advised to obtain your own investment, financial, tax and legal advice before taking any action. Neither IGF, NCA nor any of their related parties, their employees or directors, officers, provide any warranty of accuracy or reliability in relation to such information or accept any liability to any person who relies on it. You should obtain professional advice and read the Fund’s information memorandum (IM) before making a decision in relation to this product. Any forecasts and hypothetical examples are subject to uncertainty and are not guaranteed and should not be relied upon. Past performance is not a reliable indicator of future performance. The information contained in the presentation are confidential and may not be reproduced in whole or in part. If the content of this publication (and/or presentation) conflict with any terms of the IM, then the terms of the IM govern.

Any investment involves risk in whole or in part of capital loss, and the risk of loss of future and previous earnings.