Kotak GIFT City Global Fund I
Return (1Y)
19.2% p.a.
Fund Type
Restricted Scheme
Min. Investment
USD 150,000
Structure
SEBI IFSC Restricted Scheme — IFSCA (Fund Management) Regulations 2022
Fund Manager Details
International Investment Committee
Kotak IFSC Asset Management, GIFT City
24-person team combining Kotak Group India expertise with global market capabilities across London, Singapore, and New York offices
The fund is managed by Kotak IFSC's International Investment Committee — combining Kotak Group's deep India research advantage with global market expertise. The committee is supported by Kotak's international offices in London, Singapore, and New York, providing on-the-ground insights across global equity and bond markets unavailable to domestic-only fund managers.
Investment Objective
To generate superior USD-denominated absolute returns by investing in a diversified portfolio of global listed equities, USD-denominated investment-grade and high-yield bonds, and global REITs — while prioritising capital preservation as the primary mandate across full market cycles.
Investment Philosophy
Global Multi-Asset Value Investing
Kotak GIFT City Global Fund I applies Kotak Group's institutional quality discipline to international asset classes. The team seeks quality businesses globally — unconstrained by any index or geography — with a valuation anchor ensuring adequate margin of safety at entry. USD denomination provides natural currency diversification for rupee-concentrated Indian wealth.
Quality Bias
Global equities selected on QGLP-adjacent criteria: sustainable competitive advantages, strong management, clean financials, and durable earnings growth prospects across economic cycles.
USD First
All investments and returns denominated in USD, eliminating currency risk for NRI investors and providing natural hedging for USD-liability holders such as FPIs and global endowments.
Asset Class Diversification
Tactical allocation across equities (50–70%), USD bonds (20–40%), and global REITs (0–15%) based on relative valuation and macro regime, with rebalancing triggered at ±5% band breaches.
Institutional Risk Management
Maximum 5% single-stock, 40% single-country allocation with daily VaR monitoring and independent risk oversight by the IFSCA-mandated risk officer.
Investment Strategy & Process
The process combines top-down macro allocation (asset class and geography weights) with bottom-up security selection. Macro views are reviewed monthly by the Investment Committee; individual security selection follows a standardised protocol with buy/sell thresholds and systematic stop-loss rules.
Macro Allocation
Monthly review of global macro signals — interest rate cycles, USD index, earnings revision trends, credit spreads — to set asset class weights within strategic bands.
Country Screening
Bottom-up analysis of 20+ country universes scored on political risk, regulatory environment, corporate governance quality, and earnings growth potential.
Security Selection
Factor-based quant screen narrows each country universe to quality/value top quartile; fundamental analysis selects the highest-conviction names from that filtered pool.
Portfolio Construction
Mean-variance optimisation subject to position, sector, and country concentration limits; targeting 40–60 equity positions and 15–25 bond positions.
Risk Monitoring
Daily VaR calculation, weekly stress testing against 2008/2020 market scenarios, and monthly independent risk review by the IFSCA-mandated risk officer.
Execution & Custody
Deutsche Bank GIFT branch as custodian and Goldman Sachs IFSC as prime broker ensure institutional-grade USD settlement, securities lending, and cash management.
Interested in this fund?
Speak with our institutional advisory team for eligibility, documentation, and onboarding.