About Company
Aequitas Investments
Aequitas started in 2012 because we wanted a different way for investors to build wealth. Siddhartha Bhaiya, our MD & CIO, had worked in the AMC business for over 10 years before Aequitas. He noticed that most AMCs were focused on growing their Assets Under Management (AUM) by working with distributors. Siddhartha had a different idea. He thought that if we focused on getting good returns for our investors, the AUM would grow on its own, and he was right. We began with AUM of INR 10 Cr in 2013. Now, 12 years later in 2025, our AUM is at INR 7,500 Cr and it's still growing. We did this without any distributors, just through word of mouth. This let us have a direct relationship with all of our investors, which is what we wanted. Aequitas is built on strong principles and values that we still stand by. We use one investment approach for all our products: the Multibagger strategy. This approach has helped Aequitas get a 32% CAGR for our investors since we started. That means if you invested INR 1 million with us in 2013, it would be worth INR 37 million by October 2025.
What Is the Aequitas Far East International Trust?
The Aequitas Far East International Trust is a Category III open-ended AIF established under the GIFT City/IFSC framework for international investors seeking exposure to China and other Far East equity markets. The fund follows a long-only listed-equity strategy, with its investment universe focused on listed companies rather than derivatives or unlisted securities.
Aequitas identifies the International Trust as the vehicle available to NRIs, FPIs, FIIs and other eligible international investors, while its resident-investor counterpart, Aequitas Far East Trust, is subject to a one-year lock-in. The International Trust has no lock-in period according to Aequitas.
Aequitas Far East International Trust: Fund Snapshot & Key Terms
| Parameter | Details |
| Fund Name | Aequitas Far East International Trust |
| Structure | Open-ended Category III AIF |
| Jurisdiction | GIFT City / IFSC |
| Fund Management Entity | Aequitas Investments IFSC Private Limited |
| Regulatory Framework | IFSCA |
| Investment Universe | China and other Far East listed equities |
| Investment Style | Long-only equity |
| Investment Philosophy | Growth + Value + Contrarian |
| Eligible Investors | NRIs, FPIs, FIIs and other eligible international investors |
| Lock-in | No lock-in |
| Investment Horizon | 3–5 years |
| Principal Officer | Subham Agarwal |
| Subscription / Redemption | Subject to the applicable fund documents and dealing terms |
Aequitas identifies the International Trust as a restricted, non-retail, open-ended Category III AIF managed by Aequitas Investments IFSC Private Limited, which is registered with IFSCA as a Fund Management Entity.
The legal entity record for Aequitas Far East International Trust shows it as an active trust registered in GIFT City, Gandhinagar, with LEI 8945006ZVZH8L5TKDY74.
Investment Strategy: China and Far East Listed Equities
The Aequitas Far East International Trust follows a long-only equity strategy focused on China and other Far East markets.
Its investment philosophy combines Growth, Value and Contrarian approaches:
- Growth: The company should have above-average growth potential over the next 3–5 years.
- Value: The valuation should be reasonable with potential for re-rating.
- Contrarian: The investment approach seeks opportunities that may differ from prevailing market narratives.
Aequitas states that the strategy focuses on facts and fundamentals rather than market narratives. It does not chase momentum or hot stocks and does not use derivatives, IPOs or leverage as part of the stated approach.
Company Selection and Valuation Discipline
The stock-selection process focuses on identifying fundamentally strong businesses that can potentially create value over a multi-year period.
Aequitas identifies several selection criteria, including:
- Industry leadership
- Low debt
- Good management
- Reasonable valuations
- Cash flow generation
- Buybacks or creeping acquisitions, where applicable
The strategy combines financial screening with primary research. The research process is intended to evaluate company fundamentals, industry conditions, management quality and potential valuation opportunities.
Aequitas' stated philosophy also places importance on maintaining a margin of safety and avoiding investment decisions based solely on short-term market sentiment.
Portfolio Construction and Ongoing Research
The fund seeks to construct a portfolio around fundamentally strong companies with a 3–5 year investment horizon.
Portfolio construction is supported by ongoing research, with the investment team periodically revisiting its analysis and investment theses. This allows the portfolio to be reviewed as company fundamentals, valuations and market conditions change.
The strategy focuses on listed equities in China and the Far East, while the exact portfolio composition, sector allocation and individual holdings may change over time. Current holdings should therefore be taken only from the latest applicable fund factsheet or offering documentation.
Who Can Invest in the Far East International Trust?
The Aequitas Far East International Trust is intended for international investors, including NRIs, FPIs, FIIs and other eligible global investors, subject to applicable eligibility and KYC requirements.
Aequitas specifically distinguishes this product from the Aequitas Far East Trust, which is intended for Indian resident investors. The International Trust is the vehicle Aequitas identifies for NRIs and international investors seeking exposure to China and other Far East equity markets.
Eligibility, onboarding requirements, documentation and applicable investor classifications should be confirmed against the latest fund documentation before subscription.
Minimum Investment, Fees, Liquidity and No-Lock-In Terms
The Aequitas Far East International Trust has no lock-in period, according to Aequitas' current International Equity Funds information. This is a key distinction from the resident-investor Aequitas Far East Trust, which has a one-year lock-in.
The exact minimum investment, management fee, performance fee, subscription frequency, redemption process, notice requirements and other commercial terms should be taken from the latest applicable offering documents.
The absence of a lock-in does not necessarily mean that redemption is available at any time without conditions. Dealing dates, notice periods, applicable charges and other redemption provisions remain subject to the fund's governing documents.
Key Risks of Investing in China and Far East Equities
The Aequitas Far East International Trust is exposed to the risks associated with international equity markets and the specific countries in which it invests.
China and Country Risk
Economic conditions, government policy, regulatory changes and market developments in China can materially affect companies in the investment universe.
Regulatory Risk
China and other Far East markets have regulatory frameworks that may differ from those applicable in the investor's home country. Changes in regulation can affect individual companies, sectors or foreign investors.
Geopolitical Risk
Trade restrictions, diplomatic tensions, international relations and geopolitical developments can affect market valuations and company operations.
Currency Risk
International investments introduce currency exposure. Changes between the underlying investment currencies and an investor's reporting or home currency can increase or reduce investment returns.
Equity-Market Risk
Listed equities can experience significant price movements because of economic conditions, interest rates, earnings expectations, investor sentiment and broader market events.
Concentration and Sector Risk
A strategy focused on a particular geographic region can be more exposed to country and regional developments than a broadly diversified global equity portfolio.
Liquidity Risk
Liquidity can vary between securities and markets. During periods of market stress, certain securities may experience reduced trading activity or wider bid-ask spreads.
Valuation and Earnings Risk
A company may fail to deliver expected earnings growth or may not receive the anticipated valuation re-rating. The investment thesis can also change because of competitive, regulatory or industry developments.
Balance-Sheet Risk
Weakening cash flows, excessive leverage or deterioration in financial strength can negatively affect an investee company's value.
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The Aequitas Far East International Trust is a Category III open-ended AIF focused on China and other Far East equity markets. It is positioned by Aequitas as the international-investor vehicle for NRIs, FPIs, FIIs and other eligible global investors seeking listed-equity exposure to these markets.
Yes. Aequitas identifies the Far East International Trust as a long-only Category III AIF with exposure to listed equities in China and the Far East. The fund operates through Aequitas Investments IFSC Private Limited under the IFSCA framework.
The fund focuses on China and other Far East equity markets, investing through listed equities. The strategy uses fundamental research and a Growth, Value and Contrarian framework to identify companies that meet its investment criteria.
Yes. Aequitas specifically states that NRIs can invest only in the Aequitas Far East International Trust among its two Far East products. The fund is designed for international investors, subject to applicable eligibility and KYC requirements.
Yes. Aequitas identifies FPIs, FIIs, NRIs and other international investors as the intended investor group for the Far East International Trust, subject to applicable eligibility requirements and documentation.
No. Aequitas states that the Aequitas Far East International Trust has no lock-in period. This differs from the resident-investor Aequitas Far East Trust, which has a one-year lock-in. Other redemption and dealing conditions may still apply under the fund documents.
The publicly available Aequitas International Equity Funds information does not specify a current minimum investment for the Far East International Trust. The applicable minimum should therefore be confirmed from the latest offering document and subscription terms before investing.
Aequitas follows a Growth + Value + Contrarian framework. The stated selection criteria include industry leadership, low debt, good management, reasonable valuations, cash flows and potential corporate actions such as buybacks or creeping acquisitions. The investment process also incorporates primary research and ongoing review.
Subham Agarwal is identified by Aequitas as the Principal Officer associated with its international/offshore fund platform. Aequitas states that he has experience in investment banking and listed-equity investing and has been part of its investment team since 2019.
The exact current fees, subscription terms, redemption process and applicable dealing requirements should be taken from the latest offering documents. The International Trust has no lock-in, but redemption may remain subject to applicable notice periods, dealing dates and other fund-specific conditions.
The principal risks include China and country risk, regulatory changes, geopolitical developments, currency movements, equity-market volatility, concentration, liquidity, valuation, earnings and balance-sheet risks. International markets can also operate under regulatory and market structures different from those familiar to an investor in India.
The main distinction is the investor category and lock-in structure. Aequitas Far East International Trust is intended for NRIs, FPIs, FIIs and other international investors and has no lock-in. Aequitas Far East Trust is intended for Indian residents and has a one-year lock-in.
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