ICICI Prudential AMC Expands With GIFT City Office, Launches India-Focused Fund

Gandhinagar’s GIFT City has added another milestone to its growing reputation as India’s international financial hub, with ICICI Prudential Asset Management Company Limited inaugurating its new office at the International Financial Services Centre (IFSC). Alongside this strategic expansion, the firm has also announced the launch of a new India-focused fund aimed at channelling overseas capital into domestic markets.

The newly opened branch has been registered as a Fund Management Entity (Retail) under the IFSCA (Fund Management) Regulations, 2025. This approval enables the company to manage retail and restricted schemes, exchange-traded funds, and other permitted investment vehicles. Market observers note that the regulatory clarity at IFSC makes GIFT City increasingly attractive for global institutions keen on accessing India’s capital markets in a transparent and tax-efficient manner. Industry officials highlighted that the AMC’s first offering through this branch is a restricted scheme designed to attract foreign investors into Indian equities, fixed income securities, hybrid structures, and alternative assets. Experts view this as a strong step in positioning GIFT City as a gateway for international investors seeking long-term exposure to India’s growth narrative.

Executives at the firm emphasised that India stands at the threshold of a multi-decade growth cycle supported by favourable demographics, policy reforms, and accelerated digitisation. The launch of the GIFT City branch and fund, they added, reflects confidence in the country’s structural economic transformation and the appetite among global investors to participate in this journey. Beyond its commercial significance, the move underscores the role of GIFT City as a sustainable financial hub. The ecosystem has been designed to encourage innovation while promoting efficient use of resources and reduced environmental impact. This aligns with broader efforts to develop India’s financial infrastructure in ways that are both globally competitive and eco-conscious.

According to financial experts, the new office will not only strengthen the company’s international footprint but also provide a vital platform for bridging global capital with Indian opportunities. With Indian markets witnessing record participation from foreign institutional investors, the timing of this expansion is seen as a critical advantage in consolidating India’s position as a preferred investment destination. The establishment of this branch and fund at GIFT City is therefore being viewed as more than a corporate milestone. It is part of a larger story of India’s ambition to create world-class, sustainable financial hubs capable of competing with established global centres. As Gandhinagar continues to evolve into a financial services powerhouse, such developments reflect both the confidence of institutions in India’s growth and the ability of regulatory frameworks to support cross-border investment flows.

ICICI Prudential AMC Expands With GIFT City Office, Launches India-Focused Fund