Sundaram AMC launches mid-cap fund in GIFT City

Sundaram Asset Management Company has launched the Sundaram India Mid Cap GIFT, a USD-denominated offshore feeder fund, offering global investors efficient access to India’s high-growth midcap opportunity.

The fund is structured through GIFT City’s International Financial Services Centre and invests substantially all its assets into the Sundaram Mid Cap Fund, a SEBI-registered domestic mutual fund. The fund opened subscription on Monday. The minimum investment in the Sundaram India Mid Cap GIFT is $5,000 for both regular and direct plans.

Anand Radhakrishnan, Managing Director, Sundaram Asset Management Company said through GIFT City, Sundaram AMC aims to expand access to India’s long-term growth story to global investors, particularly in the mid-cap segment.

The fund enables USD-denominated offshore investing into India’s mid-cap segment, helping reduce currency and operational friction for international investors, he said.

The strategy focuses on long-term wealth creation, with the underlying Sundaram Mid Cap Fund having a track record of 23 years and over 5.3 times growth in 13 years, he added.

The underlying portfolio is diversified across key domestic growth sectors, including industrial products, banks, financial services, healthcare services, and auto components — sectors aligned with India’s manufacturing, infrastructure, and consumption-led growth themes.

The GIFT City platform allows Sundaram AMC to offer globally compliant, tax-efficient investment structures to investors across the globe.

The IFSC framework enables seamless cross-border transactions, simplified tax compliance, and exemptions on certain capital gains, dividends, and interest income.

Published on February 16, 2026