IIFL AMC has launched its first Luxembourg domiciled UCITS Fund, IIFL India Equity Opportunities Fund (‘IIFL Fund’) by virtue of merger of Ashburton India Equity Opportunities Fund into IIFL Fund.
Pursuant to this, IIFL Fund has commenced its operations with $75mn in assets under management, effective January 29, 2019, with IIFL Capital Pte Ltd, Singapore being its investment manager.
In a press release, Anup Maheshwari, Joint-CEO and CIO, IIFL AMC, said, “I am confident that Jonathan’s investment style of investing in high conviction stocks with a strong focus on quality will continue to resonate with international investors. It is very complementary to the overall investment philosophy at IIFL AMC as well.”
The IIFL Fund is registered for sale in UK, Switzerland, Finland, Norway, Luxembourg, Singapore and South Africa.