Abu Dhabi, Neovision Wealth Management Limited today announced the launch of the DSP Equity Opportunity Funds PC (Feeder Fund) with DSP Asset Managers in the Abu Dhabi Global Market (ADGM), providing offshore investors access to an India-focused equity strategy through a USD-denominated fund.
The Fund is available to eligible offshore investors from FATF-compliant countries, other than resident Indians* and brings together DSP’s investment capabilities, Neovision Wealth Management’s ADGM-based fund management platform and the distributor Valura.AI’s digital infrastructure to simplify access to Indian equities. Through Valura.AI, the entire investment journey including due diligence, onboarding, investor verification and investment tracking will be digital, reducing the need for multiple offline touchpoints.**
For an Indian professional in the UAE looking to invest in India, accessing Indian equities has traditionally involved setting up an NRE or NRO account, transferring funds to India and navigating documentation, tax and compliance requirements. The new Fund simplifies this through a fully digital journey. Eligible investors can open an account digitally, invest in US dollars and hold a USD-denominated investment, without opening an NRE or NRO account or completing physical attestation and documentation processes.
India continues to offer long-term investment potential. Following a period of relative underperformance, equities have undergone a meaningful reset, while corporate earnings show signs of recovery. This is supported by a resilient economy, with GDP growth reaching 7.8% in the latest quarter. Historically, sustained earnings growth has been closely linked to equity market performance.***
For Indian NRIs in the UAE, the Fund provides a simpler route to participate in India’s equity markets, while other eligible offshore investors can gain exposure through an ADGM-regulated fund structure. The Fund has a minimum investment of US$100 for its retail class, with daily liquidity and daily NAV dissemination. Being USD-denominated also allows investors to invest without the need to first convert their investment into Indian rupees. The ADGM structure may offer operational and tax advantages depending on applicable tax laws and the investor’s individual circumstances. Unlike direct investment in Indian equities, investors in the Fund do not need to obtain a PAN card or open a bank account in India.
The Fund is structured as an open-ended protected cell under DSP Funds (OEIC) PCC PLC in ADGM, with Neovision Wealth Management Limited serving as the Fund Manager in ADGM. The Fund operates as a feeder fund, with investors’ capital invested primarily in units of the DSP Large & Mid Cap Fund, a SEBI-regulated mutual fund scheme managed by DSP Asset Managers in India. The underlying fund, in turn, invests in Indian equities, providing investors with exposure to large- and mid-cap Indian companies.
The underlying DSP Large & Mid Cap Fund seeks long-term capital appreciation through a bottom-up approach, focusing on companies with strong or improving growth prospects, healthy balance sheets and capable management teams. It also considers cyclical businesses near the bottom of their cycles and turnaround opportunities with clear catalysts and attractive valuations.
The Fund is managed by Rohit Singhania, Co-Head, Equities at DSP Asset Managers, who has over 25 years of experience. His investment philosophy combines quality and growth with a value tilt and a strong focus on valuation discipline.
Jay Kothari, Global Head of International Business, DSP Asset Managers, said, “We have been looking at how we can make investing in India simpler and more accessible for investors outside the country. While the opportunity in Indian equities is well understood, accessing it from overseas can involve multiple processes around documentation, account setup, currency and tax.
With the DSP Equity Opportunity Funds PC (Feeder Fund), we are bringing these elements together in a single ADGM-based structure, combining DSP’s Indian equity investment capabilities, Neovision’s local fund management platform and Valura.AI’s fully digital investment journey. We believe this can make accessing and managing Indian equity investments considerably more seamless for eligible offshore investors.”
* Subject to applicable eligibility and onboarding requirements
** Subject to applicable regulatory and AML/CFT requirements
*** Past economic and market trends are not indicative of future performance. There can be no assurance that market conditions, economic growth or corporate earnings trends will continue
About DSP Asset Managers
DSP Asset Managers has a track record of three decades of investment excellence with total AUM (Assets Under Management) of around USD 31.1 Billion. Today, we have the honour of managing money for over 6.5 million investors from all walks of life: hard-working salaried individuals, high-net-worth individuals, NRIs, small and mid-sized business owners, large private & public corporations, trusts and foreign institutions. We take great pride in knowing that we play a key role in the creation of wealth for all our investors and will always continue to be an organization with a purpose - it is our responsibility to make a real difference to the lives of our investors.
DSP Asset Managers is backed by the 160+ year old DSP Group. Over the past one and a half centuries, the family behind the Group has been very influential in the growth and professionalization of capital markets and money management business in India.
Our investors’ interests will always remain at the core of our business, and we will continue to maintain a relentless focus on doing what’s best for them, as they #InvestForGood.
Visit us on dspim.com for more.
About Neovision
Neovision Wealth Management Limited is an Abu Dhabi Global Market-based Fund Manager authorised and regulated by the Financial Services Regulatory Authority (FSRA) of ADGM. The firm provides fund management and wealth management services and supports sponsors and investors through a range of fund structuring solutions.
About Valura.AI
Valura.AI is digital wealth platform which has received notable recognition and shortlist nominations since its launch, connecting investors across the UAE and India to global investment opportunities through a seamless, technology-driven experience. Founded by IIT alumni, the platform provides access to global equities, ETFs, mutual funds, structured products and pre-IPO opportunities, supported by AI-powered onboarding, transaction processing and portfolio management. Valura.AI is used by investors, fund houses, financial advisers and wealth managers to facilitate investment distribution across the UAE, India and the NRI market. In the UAE, the platform is operated by Hattword Financial Consultancies LLC, which is licensed and regulated by the UAE Securities and Commodities Authority (Category 5: Investment Advisory and Distribution, Licence No. 20200000304). Services are subject to applicable regulatory requirements, investor eligibility and jurisdictional restrictions.
For more information, please contact:
DSP Asset Managers
Arun Rajendran, DSP Group
E-mail: arun.rajendran@dspcs.com
Kopal Jain, DSP Asset Managers
E-mail: kopal.jain@dspim.com
Neovision Wealth Management
Francine Honsberger, Head of Client Relationship, Neovision Wealth Management
francine.honsberger@neovision-wealth.com