Indian small caps,in US dollars.
The Emerging Opportunities strategy for NRIs and global investors, through our GIFT City fund.For NRIs and global investors, through GIFT City.
Key facts
Minimum commitment
USD 250k
Per investor
Concentrated book
12 to 15
High conviction portfolio
Liquidity
Monthly
Subject to notice period
Lock-in
NIL
No hard lock-in
Structure
Fund Name
Equitree Emerging Opportunities Fund
Vehicle
Category III AIF · Restricted (Non-Retail)
Jurisdiction
IFSC, GIFT City, India
Regulator
IFSCA
Fund manager
Equitree Capital Assets Managers IFSC LLP
Status
Foreign Portfolio Investor (FPI)
Strategy
Approach
Long-only, high conviction
Focus
Indian small and micro-cap equities
Portfolio
12 to 15 companies
Market cap
USD 100m to 500m at entry
Holding period
5+ years, low turnover
Benchmark
S&P BSE 500 TRI
Investing with us
Currency
USD · distributions repatriable in USD
Taxation
At fund level · DTAA treaty efficiency may apply
Notice
7 business days in, 15 out
Reporting
Monthly NAV · annual audited report
Fund expenses
Capped at 0.25% a year of average NAV
Restrictions
Long-only · no leverage · no short selling
Why GIFT City
USD offshore access
US Dollar denominated exposure to Indian equities via a regulated IFSC vehicle.
Capital mobility
Simpler processes for subscription, redemption and repatriation.
Favourable tax framework
Fund-level taxation on capital gains, with potential treaty efficiency via applicable DTAA.
Streamlined onboarding
Onboarding for NRIs, family offices and global allocators.
No Indian bank account or PAN
Typically no domestic registration requirement for eligible non-resident investors.
Institutional ecosystem
Governance supported by an independent trustee, custodian, and fund administrator.
PMS or GIFT City fund
Equitree PMS
Equitree GIFT AIF
Structure & regulation
Regime
Domestic, SEBI
Offshore, IFSCA
Vehicle
SEBI-registered Portfolio Management Service
IFSCA Category III AIF (Restricted, Non-Retail)
Regulator
SEBI
IFSCA
Legal entity
Equitree Capital Advisors Pvt Ltd
Equitree Capital Assets Managers IFSC LLP
Jurisdiction
India (Mumbai)
IFSC, GIFT City (offshore regime)
Who can invest
Eligible investors
Indian residents; NRIs with PAN + NRE/NRO
NRIs, foreign nationals, family offices, institutions, corporates
Indian PAN / bank
Required
Not required
Minimum investment
₹1 crore
USD 250,000
How you hold
Holding structure
Segregated, stocks held directly in investor demat
Pooled, investors hold units of the fund
Currency
INR
USD
Subscription / redemption
Flexible (daily)
Monthly
Reporting
Daily NAV, full portfolio visibility
Monthly NAV, annual audited report
Tax & repatriation
Taxation
At investor level (LTCG / STCG on listed equity)
At fund level; potential DTAA efficiency for non-residents
Repatriation for non-residents
Via NRO with FEMA limits
Freely repatriable in USD
Governance and service providers
Capital in
Offshore Investors
NRIs · Corporates · Family Offices · Institutions
Capital contributions
Fund Vehicle
Equitree Emerging Opportunities Fund
IFSC trust · Category III AIF
Investments
Deployed capital
Portfolio Companies
Service providers
Custodian
Nuvama Custodial Services Ltd
Trustee
Axis Trustee Services Ltd
FME & Settlor
Equitree Capital Assets Managers IFSC LLP
Fund Administrator
Apex Fincorp LLP
Parent Entity
Equitree Capital Advisors Pvt Ltd
Read the full terms.
The private placement memorandum (PPM) sets out the fund’s strategy, fees, risks and how to subscribe. Share-class fees are in the fee calculator.
Important information
Published by Equitree Capital Assets Managers IFSC LLP, a Registered Fund Management Entity (Non-Retail) ("FME") to Equitree Emerging Opportunities Fund (the "Fund"). Equitree Capital Advisors Private Limited, a SEBI-registered portfolio manager, advises the FME. This page is for information only and is not an offer or solicitation. Any investment is made solely on the basis of the Private Placement Memorandum ("PPM") and fund documents.
The Fund is a Restricted Scheme (Non-Retail) Category III AIF registered with IFSCA under the IFSCA (Fund Management) Regulations, 2025. Filing the PPM with IFSCA does not imply its approval or endorsement.
Investing involves risk, including loss of capital. Past performance is not indicative of future results. The Fund holds Indian rupee assets while subscriptions and distributions are in US dollars, so exchange-rate movements can reduce returns in US dollar terms.
Information on this page is as at the date stated. Seek independent legal, tax and financial advice before investing.
Equitree Capital Assets Managers IFSC LLP
Registered FME (Non-Retail) · FDM2025FNR0883