Waterfield Advisors has introduced two outbound funds in GIFT City, offering Indian investors easier access to international markets and reducing dependence on domestic assets, amidst a push for broader global diversification.
Waterfield Advisors has launched two outbound funds in GIFT City aimed at giving Indian investors broader access to overseas markets, as family offices and affluent investors increasingly look for ways to reduce reliance on domestic assets. The new vehicles, called the Waterfield Global Opportunity Fund and the Waterfield Global Fixed Income Fund, are structured as alternative investment funds and will operate in foreign currency.
According to Business Today and The Economic Times, the Global Opportunity Fund will invest in international equities, commodities and other global themes, while the Fixed Income Fund will focus on debt markets and other fixed-income assets. Waterfield said both products will use an active, research-led approach and will be run with independent custody and third-party administration.
The launch reflects a wider argument that India remains a relatively small slice of global markets, with the firm saying the country accounts for about 3% of world equity market capitalisation. Waterfield has argued that portfolios concentrated entirely in Indian assets can also leave investors overly exposed to one currency and one economy, while sectors such as semiconductors, artificial intelligence infrastructure, aerospace and global pharmaceuticals offer opportunities abroad.
The firm has said it sees a minimum 10% allocation to global assets as a starting point for family-office portfolios, with periodic rebalancing. Rather than asking investors to open separate overseas accounts under the Reserve Bank of India’s Liberalised Remittance Scheme, which allows remittances of up to $250,000 a year subject to rules, the GIFT City funds are intended to offer pooled access to international assets within a more structured governance framework.
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