Axis Asset Management Company (Axis AMC), on Thursday inaugurated its branch in GIFT City, which will serve as a offshore hub for global investors, the company stated in an official release.

The new branch in GIFT SEZ was inaugurated by B Gopkumar, MD & CEO, of Axis Mutual Fund. “We are excited to establish our presence in GIFT City, which aligns perfectly with our global strategy. Our new branch serves as an offshore hub for both – global investors looking at India solutions and Indian investors looking at global solutions,” stated Rakhee Bhagchandani – Head of Offshore Business, Axis AMC.

The branch is registered with the International Financial Services Centres Authority (IFSCA) as Fund Management Entity (Retail) to carry out, inter alia, investment management and portfolio management services activities from GIFT City. It will act as an offshore hub that provides access to global investors seeking to allocate to Indian markets and will also provide investment solutions to local investors seeking to invest in global markets through the Liberalised Investment Scheme (LRS) route. The branch will provide an extensive suite of investment products targeting both individual and institutional investors, with a particular focus on the Indian diaspora and international clients, the release added.