ASK Private Wealth has announced the launch of the ASK Wealth Advisors India Opportunities Fund, a new investment vehicle designed for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). The fund, which excludes residents of the United States and Canada, aims to raise $100 million and provides a unique opportunity for exposure to India’s rapidly growing capital markets.
Structured as a Fund of Funds, this initiative focuses on India-centered investments and is managed by a diverse team of fund managers with proven success and varied investment styles. The fund is designed to offer sustainable wealth creation by targeting high-quality companies with scalable business models, strong management teams, and durable competitive advantages.
Rajesh Saluja, CEO and MD of ASK Private Wealth, emphasized the fund’s potential, noting, “The Indian capital markets have shown resilience amidst global challenges, driven by a rapidly growing economy. The ASK Wealth Advisors India Opportunities Fund offers NRIs and OCIs a chance to participate in India’s growth through a well-diversified and expertly managed platform.”
Somnath Mukherjee, CIO and Senior Managing Partner at ASK Private Wealth, added, “Previously, portfolio investments were aggregated in international financial hubs like Singapore and Hong Kong. With the GIFT City offering a world-class proposition, ASKWA is introducing a multi-manager equity fund that allows offshore investors to engage with the Indian market through diverse investment styles.”
The ASK Wealth Advisors India Opportunities Fund provides a strategic avenue for NRIs and OCIs to access the evolving Indian market, supported by ASK Private Wealth’s extensive expertise and understanding of the investment landscape in India.
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