Mumbai: Artha Bharat Investment Managers IFSC LLP, one of the largest licensed fund management entities operating from India’s International Financial Services Centre (IFSC) at GIFT City, has achieved a major milestone by becoming the first fund management firm to be licensed by the International Financial Services Centres Authority (IFSCA) to offer its platform to third-party fund managers. This breakthrough move positions Artha Bharat as a trailblazer in fostering fund management entrepreneurship and innovation from India’s premier global financial hub.
“We are deeply grateful to the International Financial Services Authority (IFSCA) to have reposed the faith in Artha Bharat. This initiative enables entrepreneurial fund managers to leverage the advantages of GIFT City and launch regulated investment schemes aimed at Indian and overseas investors using the robust risk management, controls and compliance platform that Artha Bharat has built,” said Sachin Sawrikar, Managing Partner, Artha Bharat Investment Managers IFSC LLP.
With assets under management (AUM) exceeding ₹7,000 crore (over $800 million), Artha Bharat is already in advanced discussions with five independent investment management teams who plan to use its platform to launch funds ranging from $5 million to $50 million. Under this innovative arrangement, Artha Bharat will provide the full regulatory infrastructure, fund administration, risk and compliance oversight, while investment management decisions will remain with the respective fund managers using its platform.
This model marks a new phase in India’s fund management ecosystem, enabling talented fund managers to establish regulated schemes in GIFT City without the heavy financial and administrative burden of setting up a separate fund management entity.
“This is an excellent initiative by the IFSCA aimed at spurring entrepreneurship amongst talented fund managers who may lack the financial resources needed to float their own fund management entity in GIFT City,” added Sawrikar.