• Neo AMC has launched an India-focused all-cap equity Fund of Funds from GIFT City to provide diversified equity exposure
• The open-ended fund targets $100 million and offers tax-efficient access for offshore investors
• It is designed for global investors seeking long-term participation in India’s equity growth story

Neo Asset Management (Neo AMC), the asset management arm of Neo Group, has launched the India All-Cap Core Equity Fund, a new investment vehicle aimed at global investors seeking diversified exposure to Indian equities.

The open-ended, multi-manager Fund of Funds (FoF) operates under GIFT City’s Category III Alternative Investment Fund (AIF) framework. It is designed to offer offshore investors a tax-efficient route to participate in India’s long-term equity growth story. The fund is targeting $100 million in assets and has a minimum investment requirement of $150,000, or about Rs 1.35 crore.

The fund will invest across large, mid, and small-cap equities through a core, diversified strategy. It is open to a wide range of global investors, including foreign individuals, institutions, non-resident Indians, qualifying dual citizens, and high-net-worth family offices. Certain income generated by the fund may qualify for tax exemptions under Section 10(4D) of the Income Tax Act, subject to regulatory conditions.

The fund is managed by Chintan Bhatt, Fund Manager and Principal Officer at Neo AMC, with support from Senior Analyst Pranjal Mitra and the firm’s broader investment leadership team. The structure emphasizes disciplined manager selection, governance standards, and institutional-grade risk management.

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Neo Group is a major player in India’s wealth and asset management space, with over Rs 80,000 crore in client assets across advisory and wealth platforms. Its alternatives and asset management business oversees around Rs 18,500 crore, spanning private credit, private equity, real assets, and listed strategies, serving global ultra-high-net-worth families and institutions.

Neo said the new fund strengthens India’s appeal as a global investment destination while offering sophisticated investors a structured gateway to participate in the country’s next phase of economic and wealth creation.

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