Fund Overview
Yugadi Capital is an institutional-grade investment firm operating out of the GIFT City (IFSC) in Gandhinagar. The fund is structured as a Category II Alternative Investment Fund (AIF), registered with the International Financial Services Centres Authority (IFSCA). Yugadi Capital focuses on providing global and non-resident investors with a tax-efficient gateway to Indian markets. The fund typically operates as a USD-denominated vehicle, allowing investors to capture the "India Growth Story" while managing currency risk through an offshore regulatory environment that aligns with global standards.
Fund Snapshot
Data as of May 2026
| Feature | Details |
| Category | Category II AIF (Registered with IFSCA) |
| Registration No. | IFSC/AIF2/2023-24/0074 |
| Location | Pragya Accelerator, GIFT SEZ, Gandhinagar |
| Base Currency | US Dollar (USD) |
| Minimum Investment | Typically USD 150,000 (approx. ₹1.25 Cr) |
| Target Investors | NRIs, FPIs, Family Offices, and Global Institutions |
| Regulatory Body | IFSCA (International Financial Services Centres Authority) |
| Asset Class | Indian Equities / Private Equity |
Fund Philosophy
Yugadi Capital’s philosophy is centered on Value Creation through Structural Themes. The fund seeks to identify businesses that are beneficiaries of India's demographic dividend, digitization, and manufacturing shift. By operating in GIFT City, the fund emphasizes Operational Efficiency and Transparency, offering a "clean" investment route that bypasses many of the traditional tax complexities faced by offshore investors. Their strategy is long-term and high-conviction, aiming for absolute returns by investing in scalable businesses with strong corporate governance.
Role Within a Portfolio
A GIFT City fund typically acts as a global diversification layer within an investor’s portfolio.
It can:
- Reduce overexposure to a single domestic market
- Provide access to global growth themes and sectors
- Introduce currency diversification
- Complement domestic equity and alternative allocations
It’s less about replacing local investments and more about broadening the opportunity set.
A Note on Expectations
Global investing comes with its own dynamics.
- Returns may be influenced by international market cycles
- Currency fluctuations can impact performance
- Different regions may perform differently at different times
That said, the strategy is built around spreading risk and capturing opportunities across markets, rather than relying on a single economy.
The opportunity set expands significantly when you look beyond borders—but so does the complexity.
GIFT City structures are designed to simplify access, but selecting the right strategy still requires alignment with your portfolio’s goals, risk profile, and time horizon.
At AltPort Funds, take a more measured approach to global investing—one that prioritizes structure, relevance, and long-term positioning.
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Abhishek Sharman
With a career spanning over two decades in the private equity space, Abhishek Sharman has been instrumental in shaping the firm's thesis-driven investment approach. Before founding Carpediem, he served as a Principal at India Equity Partners, where he managed a diverse portfolio of consumer-facing businesses. His expertise lies in identifying underserved market niches and partnering with entrepreneurs to transform traditionally unorganized businesses into professional entities. Under his leadership, Carpediem has successfully executed multiple funds and achieved high-profile exits, such as the sale of Yaantra to the Flipkart Group. Abhishek's vision is centered on capital-efficient growth and long-term value appreciation through deep operational engagement.
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Find answers to common questions about fund investments, performance, portfolio strategy, and investor services.
For non-resident investors, the fund offers a highly tax-efficient structure. There is typically no Capital Gains Tax on the transfer of units for non-residents, and the management fees charged within GIFT City are exempt from Goods and Services Tax (GST).
Yes, but they must do so under the Liberalised Remittance Scheme (LRS), which allows residents to remit up to USD 250,000 per financial year. However, the minimum investment for the AIF (USD 150,000) means a significant portion of an individual's annual LRS limit would be utilized.
Since the fund is USD-denominated, the investor's capital is held and transacted in Dollars. This provides a natural hedge for NRIs who plan to spend their returns in foreign currency, as the investment is not directly susceptible to the depreciation of the Indian Rupee (INR) against the Greenback.
Yes. Investors in GIFT City funds must undergo a specific IFSC-compliant KYC process. This aligns with global Anti-Money Laundering (AML) and FATF standards, often requiring documents like a valid Passport, Tax ID from the country of residence, and proof of offshore banking.
The Pragya Accelerator is a state-of-the-art office complex within the GIFT SEZ specifically designed for financial institutions and fintech firms. It provides the high-speed connectivity and co-location infrastructure necessary for modern fund management and algorithmic execution.
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