Marcellus Investment Managers Private Limited-GIFT IFSC, regulated by the International Financial Services Centres Authority (IFSCA), today announced the launch of the Marcellus Global Equities Fund, a retail scheme designed to give Indian investors direct access to world-class global businesses. The New Fund Offer (NFO) opens on June 8, 2026, and closes on June 19, 2026.
Indian investors today earn in rupees but increasingly live, aspire, and plan in dollars — from foreign education and global travel to technology and luxury goods. Yet most Indian portfolios remain entirely domestic, with little to no exposure to the world’s largest and most resilient equity markets. The Marcellus Global Equities Fund enables Indian residents and corporates to build dollar-denominated wealth within a regulated Indian framework, without routing money abroad individually.
The fund will invest in high-quality global compounders, targeting four multi-trillion-dollar structural megatrends: Defense & Aerospace, Power Generation, AI-linked Capital Expenditure, and Luxury Consumption.
Classified as a Retail Scheme under IFSCA regulations, the fund accepts a minimum investment of USD 5,000 with a top-up facility of USD 2,000. It carries a Total Expense Ratio of 2% per annum and an exit load of 2% for redemptions made before 24 months, with no lock-in period. NAV is declared on a daily basis. Taxes are paid at the fund level, eliminating the need for additional tax compliance at the investor’s end, with long-term capital gains taxed at 12.5% after two years and short-term gains taxed at the fund’s marginal rate before two years. The fund also offers the flexibility to redeem investments in foreign currency. Onboarding is entirely digital, requiring only PAN and Aadhaar details, with no need for investors to maintain a separate bank account in GIFT City.
Saurabh Mukherjea, Founder, Marcellus Investment Managers, said, “Most Indian investors have built their wealth entirely in rupee-denominated assets, even as their aspirations — foreign education, global travel, luxury goods, and technology — are priced in dollars. The Marcellus Global Equities Fund is our answer to this fundamental imbalance. We are bringing the same rigour and quality-first investment philosophy that has defined Marcellus in India to the global stage, making it accessible to every Indian investor through a simple, regulated, and tax-efficient structure.”
Arindam Mandal, Head – Global Equities, Marcellus Group, said, “The opportunity in global equities today is exceptional. We are at the intersection of four powerful multi-trillion-dollar megatrends — the resurgence of defense and aerospace spending, the AI-driven surge in power and data infrastructure, and the enduring pricing power of iconic luxury brands. Our on-ground presence in the United States gives us a distinct edge in identifying and investing in businesses that compound capital across economic cycles. This fund brings that edge directly to Indian investors.”
The case for global diversification is well-supported by long-term data. Beyond India, only the United States has consistently generated double-digit dollar returns across 10, 20, and 30-year time horizons. An annually rebalanced 50:50 portfolio of US and Indian equities has historically delivered better absolute returns with approximately 32% lower risk compared to either market on a standalone basis, underscoring the portfolio construction rationale behind this fund.