Marcellus Investment Managers Private Ltd-GIFT IFSC on Thursday launched Marcellus Global Equities Fund, a retail scheme designed to give Indian investors direct access to world-class global stocks.
The new fund offer will open on June 8 and close on June 19.
The fund will invest in high-quality global compounders, targeting four multi-trillion-dollar structural megatrends: defence and aerospace, power generation, AI-linked capital expenditure and luxury consumption, the Saurabh Mukherjea-led fund house said in a release.
Classified as a retail scheme under IFSCA regulations, the fund accepts a minimum investment of $5,000 with a top-up facility of $2,000. It carries a total expense ratio of 2 per cent per annum and an exit load of 2 per cent 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 per cent after two years and short-term gains taxed at the fund’s marginal rate before two years, the fund house said.
“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,” it further said.
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.”
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 defence 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 US gives us a distinct edge in identifying and investing in businesses that compound capital across economic cycles,” he added.