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Aditya Birla Sun Life AMC International (IFSC) Ltd, the wholly owned GIFT City subsidiary of Aditya Birla Sun Life AMC, has introduced two fund-of-funds (FoF) schemes aimed at resident Indian investors seeking international market exposure, as well as non-resident Indians (NRIs) and foreign investors looking to tap into India’s growth opportunities. The schemes, ABSL Emerging Market Equity Fund (Outbound) and ABSL India Growth Fund (Inbound), represent the subsidiary’s first retail product launches at the Gujarat International Finance Tec-City’s International Financial Services Centre (IFSC). The ABSL Emerging Market Equity Fund is an open-ended thematic fund-of-funds scheme designed to generate long-term capital appreciation. It will invest primarily in units of the ARGA Emerging Market Equity Fund and/or other emerging market funds. The scheme will offer eligible resident Indians access to global emerging markets through the Liberalised Remittance Scheme (LRS) route. Eligible Indian companies can invest through the Overseas Portfolio Investment (OPI) route. .........
