ICICI Prudential AMC Opens New Office at GIFT City, Launches India-Focused Fund

ICICI Prudential Asset Management Company (AMC) has set up a branch at the International Financial Services Centre (IFSC) in GIFT City, Gandhinagar, Gujarat, as per news reports. The new office has received registration as a Fund Management Entity (Retail) under the IFSCA (Fund Management) Regulations, 2025.

Activities Permitted

The registration allows the AMC to manage restricted schemes, retail schemes, exchange-traded funds (ETFs), and other activities permitted under IFSC regulations. As part of its launch, the branch introduced its first restricted scheme to attract overseas capital into Indian markets, as per news reports.

Role of the IFSC Branch

As per news reports, the branch is intended to function as a centre for fund management within the regulatory framework set by the International Financial Services Centres Authority (IFSCA). This framework provides guidelines for managing funds and operations under globally aligned standards.

Statement from the Company

At the inauguration, ICICI Prudential AMC said the branch will serve as a gateway for foreign investors interested in India. The company referred to the country’s demographic trends, economic reforms, and urbanisation as factors that could support long-term investment opportunities across equities, debt, alternatives, and hybrid products.

Launch Ceremony

The branch was inaugurated by Amar Shah, Chief Business Officer, ICICI Prudential AMC. Others present included Ashutosh Mishra, Principal Officer - IFSC, GIFT City; Jayur Shah, Regional Head - Retail Sales & Distribution, Gujarat; Abhin Shah, Fund Manager - IFSC, GIFT City; and Shradha Thakkar, Lead - Strategic Product Development, ICICI Prudential AMC.

Read more: ICICI Prudential AMC IPO Filed, Entirely Offer For Sale by Prudential PLC!

Conclusion

With the opening of its GIFT City branch, ICICI Prudential AMC has expanded its presence to India’s international finance hub. The branch will operate under IFSCA regulations and conduct fund management activities for schemes and funds permitted within the framework.

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