{"id":29287,"date":"2023-05-06T12:50:25","date_gmt":"2023-05-06T12:50:25","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/portfolio-manager-alchemy-relocates-mauritius-domiciled-fund-to-gift-city"},"modified":"2023-05-06T13:09:26","modified_gmt":"2023-05-06T13:09:26","slug":"portfolio-manager-alchemy-relocates-mauritius-domiciled-fund-to-gift-city","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/portfolio-manager-alchemy-relocates-mauritius-domiciled-fund-to-gift-city","title":{"rendered":"Portfolio Manager Alchemy Relocates Mauritius-domiciled Fund to Gift City"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Mumbai, May 3 (PTI) Portfolio management services company Alchemy on Wednesday said it has relocated a fund to India’s GIFT City from Mauritius. Alchemy India Long Term Fund l will be registered and operated out of GIFT City, a statement from Kotak Mahindra Bank, which facilitated the relocation, said.<\/p>\n

The bank said it has issued the first-ever foreign portfolio investor (FPI) licence to Alchemy’s Fund incorporated in GIFT and registered with IFSCA for relocating from its original jurisdiction to the new jurisdiction.<\/p>\n

“This will be the first FPI licence issued to a fund incorporated in GIFT by any custodian bank\/Designated Depository Participant (DDP) in the country to relocate an existing fund,” the statement added.<\/p>\n

The bank’s president for banking and financial institutions group and structured finance, Sachin Samant, hoped Alchemy will set a precedent for several other funds to evaluate the benefits of relocation and experience ease of business and operations in GIFT City.<\/p>\n

Hiren Ved, whole-time director, chief executive and chief investment officer at Alchemy Capital Management, said: “We believe that this move to GIFT City will provide a solid foundation for many years of growth. We look forward to expanding our service offerings in GIFT City.”<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Mumbai, May 3 (PTI) Portfolio management services company Alchemy on Wednesday said it has relocated a fund to India’s GIFT City from Mauritius. Alchemy India Long Term Fund l will be registered and operated out of GIFT City, a statement from Kotak Mahindra Bank, which facilitated the relocation, said. The bank said […]<\/p>\n","protected":false},"author":84,"featured_media":29286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,245,373,241],"class_list":["post-29287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-mauritius","tag-bank","tag-mauritius"],"yoast_head":"\nPortfolio Manager Alchemy Relocates Mauritius-domiciled Fund to Gift City - Mauritius<\/title>\n<meta name=\"description\" content=\"Mumbai, May 3 (PTI) Portfolio management services company Alchemy on Wednesday said it has relocated a fund to India's G ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/portfolio-manager-alchemy-relocates-mauritius-domiciled-fund-to-gift-city\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portfolio Manager Alchemy Relocates Mauritius-domiciled Fund to Gift City\" \/>\n<meta property=\"og:description\" content=\"Mumbai, May 3 (PTI) Portfolio management services company Alchemy on Wednesday said it has relocated a fund to India's G ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/portfolio-manager-alchemy-relocates-mauritius-domiciled-fund-to-gift-city\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-06T12:50:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-06T13:09:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/05\/postQueueImg_1683361429.73.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"494\" \/>\n\t<meta property=\"og:image:height\" content=\"278\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/portfolio-manager-alchemy-relocates-mauritius-domiciled-fund-to-gift-city#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/portfolio-manager-alchemy-relocates-mauritius-domiciled-fund-to-gift-city\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Portfolio Manager Alchemy Relocates Mauritius-domiciled Fund to Gift City\",\"datePublished\":\"2023-05-06T12:50:25+00:00\",\"dateModified\":\"2023-05-06T13:09:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/portfolio-manager-alchemy-relocates-mauritius-domiciled-fund-to-gift-city\"},\"wordCount\":222,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/portfolio-manager-alchemy-relocates-mauritius-domiciled-fund-to-gift-city#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/05\/postQueueImg_1683361429.73.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"Bank\",\"Mauritius\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/portfolio-manager-alchemy-relocates-mauritius-domiciled-fund-to-gift-city#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/portfolio-manager-alchemy-relocates-mauritius-domiciled-fund-to-gift-city\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/portfolio-manager-alchemy-relocates-mauritius-domiciled-fund-to-gift-city\",\"name\":\"Portfolio Manager Alchemy Relocates Mauritius-domiciled Fund to Gift City - 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