Sundaram AMC Expands GIFT City Offerings with USD-Denominated India Midcap Fund

Sundaram Asset Management Company launched a new offshore feeder scheme designed to channel international capital into Indian midcap equities through the GIFT City IFSC platform, as per news reports. 

Fund Structure and Investment Route 

The newly introduced Sundaram India Mid Cap – GIFT is an open-ended, USD-denominated retail feeder fund that will deploy almost its entire corpus into the underlying Sundaram Mid Cap Fund, a SEBI-registered domestic mutual fund with a 23-year performance history under its regular plan. 

The new offer opens for subscription from February 16, 2026. The minimum ticket size has been fixed at $5,000 for both regular and direct plans, with offer-period units priced at $10 each. 

The portfolio focus remains on scalable midcap businesses across segments such as industrial products, banking and financial services, healthcare services and auto components, aligned with manufacturing, infrastructure and consumption-driven growth themes. 

Global Access Through GIFT City IFSC 

The feeder structure is built to help overseas investors participate in India’s midcap opportunity via a USD vehicle, reducing currency conversion and operational hurdles in cross-border investing, according to Managing Director Anand Radhakrishnan. 

By being housed in GIFT City’s IFSC framework, the scheme is positioned to offer internationally aligned processes and tax-efficient access, including regulatory exemptions on certain capital gains, dividend and interest income, subject to prevailing rules. The fund is open to eligible overseas participants including NRIs, foreign nationals and institutional investors. 

Sundaram AMC, a wholly owned arm of Sundaram Finance, manages over ₹86,245 crore in assets as of January 31, 2026, spanning equity, fixed income and alternative strategies, with operations across India, Singapore and Dubai. 

Read More: HDFC Balanced Advantage Fund Trims Stake in HDFC Bank, M&M, HAL and 15 Other Stocks in January! 

Conclusion 

The new GIFT City feeder fund expands Sundaram AMC’s offshore product suite and creates a direct USD gateway for global investors targeting India’s midcap segment. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.