Dubai-based non-banking financial services firm Barjeel Geojit launched a new India-focused feeder fund after receiving a mainland investment fund management license from the SCA, according to a press release.

The details: The Barjeel Geojit India Opportunities Fund (BGIOF), a UAE-regulated mainland umbrella fund, is a USD-dominated fund with a minimum investment of USD 5k, designed to provide investors of all nationalities — except those in the US — with diversified exposure and managed access to 10 Indian equity sub-funds. Each subfund is invested in a single, UCITs-regulated master fund centered on Indian equities. Subscription to the fund is open from 14 January to 13 February.

REFRESHER- Feeder funds are a set of sub-funds that democratize retail investors’ access to hard-to-reach global investments by pooling capital into one master fund as a single institutional block. Recent launches include those from Pimco and DIFC-based Aditum Investment Management last July, as well as Franklin Templeton.

(** Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Tags: