About Company
Aditya Birla Sun Life AMC Limited
The authority behind Portfolio Management Services is Aditya Birla Sun Life AMC Limited. Aditya Birla Sun Life AMC Limited has a section called Portfolio Management Service. Aditya Birla Sun Life AMC Limited (ABSLAMC) is a joint venture between the Aditya Birla Group, a well-known Indian conglomerate, and Sun Life Financial Inc., a significant worldwide financial services firm based in Canada that was established in 1994.
ABSL Global Emerging Market Equity Fund (IFSC)
Fund Snapshot
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Benefits of investing in global equities
Global Diversification
Incorporating global equities can enhance risk-adjusted returns, especially during weak periods in the local market
Access to US Dollar savings
Utilizing annual LRS limits consistently ensures future financial requirements in US dollars are met (e.g., education, home requirements, inheritance, etc.).
Invest in companies not available in India
Capitalize on trends such as AI, PC, Mobile, Data Center, IoT, Cloud and high-performance computing by investing in companies unavailable in India.
Avoid home-bias
Only ~1% of Indian savings are in international equities, often driven by patriotism rather than objective financial analysis.
Access to Global Fund Managers
Invest in a top-rated fund management team globally with a historical record of generating excess returns over
the global benchmark.
About Gift City
- Spread over 886 acres of land and being expanded to 2,000 acres.
- Free trade zone with tax incentives enabling flow of financial products and services across borders
- Globally benchmarked IFSC developed by the Government of Gujarat through a joint venture
- Enables domestic financial services companies in cross-border business
What is International Financial Services Centre (IFSC)
- Separate Financial Jurisdiction within India (Full Convertibility)
- Sovereign support, including special carve-outs from domestic laws
- Fully fledged Financial ecosystem with global connections
- IFSC Unit – Treated as a ‘non-resident’
- Unified Financial Regulator (IFSCA) with Globally aligned regulations
ABSLAMC in GIFT City—New Fund Management Destination
ABSLAMC has set up a branch at the International Financial Services Centre (‘IFSC’) in Gujarat International Finance Tech-City (‘GIFT City’)
On November 28, 2022, the International Financial Services Centre Authority (IFSCA) had granted approval to ABSLAMC to act as a “Registered Fund Management Entity (Non-Retail).” ABSLAMC can carry out Restricted schemes under Alternative Investment Fund (AIF) and Portfolio Management Services (PMS).
Types of Investments
Resident Indian Investor – Managing India-Dedicated Offshore Funds for NRIs and Foreign Nationals
NRI & Foreign Investors—Global Investments for Resident Indians & Entities.
