Aditya Birla Sun Life AMC expands its product portfolio by establishing a new IFSC subsidiary in Gujarat to launch two retail funds of funds for international investors.
The company announced the establishment of a wholly owned subsidiary to launch two retail funds of funds from GIFT City, which may modestly expand its product portfolio.
Aditya Birla Sun Life AMC has incorporated a wholly owned subsidiary at the Gujarat International Finance Tec-City (GIFT City) to broaden its global investment footprint. The new entity, Aditya Birla Sun Life AMC International (IFSC) Limited, will focus on launching two retail funds of funds to capture cross-border investment opportunities.
The subsidiary, based in GIFT City, is designed to launch two retail funds of funds, allowing the company to expand its investment product portfolio internationally.