Why Alchemy ?

Alchemy Group has an exemplary track record of having provided superior client experience, in keeping with the investor’s long-term wealth creation goals, over two decades.

A dedicated team of professionals works round the clock to make sure that you benefit from the association. The exclusive Bottom-Up strategy and periodic monitoring make Alchemy what is it today; an asset management organization of choice.

 

  • General
  • Alchemy Investment Management LLP
  • Alchemy India Long Term Fund - AILTF
What is GIFT and where is it located?

GIFT City is an accronym that stands for 'Gujarat International Finance Tec-City', it is India's first operational greenfield smart city and international financial services centre. GIFT City is located on the banks of the Sabarmati river in Gandhinagar, Gujarat (a state in western India). GIFT City is divided into two zones -

(1) Domestic Tariff Area (DTA): This zone is meant for domestic companies and is subject to Indian laws and regulations. Companies operating within this zone can cater to the domestic market and benefit from various tax incentives offered by the Indian government.

(2) Special Economic Zone (SEZ): This zone is meant for international companies and is designed to promote exports and foreign investments. Companies operating within this zone enjoy a range of incentives, including tax exemptions, duty-free imports and exports, and simplified regulatory procedures.

What is IFSC?

The GIFT International Financial Services Centre (GIFT IFSC) is a financial centre and special economic zone located in GIFT City. GIFT IFSC is established in 2015 as a financial hub to provide world-class infrastructure and services for financial institutions and companies operating in areas such as banking, insurance, capital markets, and asset management.

Who is the regulator at GIFT IFSC?

GIFT IFSC is regulated by a unified regulatory authority named as the International Financial Services Centres Authority(IFSCA). It has been established on April 27, 2020 under the International Financial Services Centres Authority Act, 2019 and is headquartered at GIFT City, Gandhinagar in Gujarat. As a unified authority the role of IFSCA is to develop and regulate the financial products, financial services and financial institution. The main objective of IFSCA is to develop a strong global connect and focus on the needs of the Indian economy as well as to serve as an international financial platform for the entire region and the global economy as a whole.

What are the key benefits for an investor to invest in GIFT City?

Multiple key factors make IFSC GIFT City an attractive destination for investments. Here is a quick read.

What are Comingled Funds?

A comingled fund is private investment fund which pools money from several investors and creates a single investment portfolio. A qualifying global investor or NRI/OCI looking for actively managed Indian exposure, can invest in Alchemy's pooled private investment vehicle.

What is a Separate Managed Account?

A Separate Managed Account (SMA) allows the investors to appoint a manager that customizes a portfolio to meet their long-term objective. This service is generally offered to High networth individuals, institutional investors like Sovereign Wealth Fund, Pension funds, Endowment Funds, Mutual funds, Country Funds, Fund of Funds.

What does Offshore Fund Mean?

Offshore Funds also known as foreign or international funds. These funds are established and operated in a foreign country, away from the investor's home country. These funds are typically domiciled in offshore financial centres like the Cayman Islands, Luxembourg, or the British Virgin Islands. Funds established in GIFT IFSC are also treated as offshore funds. Click here to know more

Brief on Alchemy's presence in GIFT IFSC

Alchemy Investment Management LLP was incorporated in December 2021 and registered with International Financial Services Centres Authority (IFSCA) as Fund Management entity (Non Retail) vide registration number IFSC/FME/II/2022-23/050, with the majority interest held by Alchemy Capital Management Pvt Ltd to provide Investment Management and Advisory Services to eligible investors.

Where is Alchemy Investment Management LLP located?

Unit No. 1120 A, Signature Building, 11th Floor, Block No 13B, Zone 1, GIFT SEZ, Gandhinagar, 382355, Gujarat, India

What are the various products offered by Alchemy Investment Management LLP

Alchemy Investment Management LLP offers comingled fund and separate management acount. Click here to know more.

How can I Connect with your Team?

You can visit us at Unit No. 1120 A, Signature Building, 11th Floor, Block No 13B, Zone 1, GIFT SEZ, Gandhinagar, 382355, Gujarat, India. We are reachable on call at +91-79-6169 3000. You can also write to us at: connect@alchemyim.com or drop in your query

Brief on Alchemy India Long Term Fund (AILTF)

Alchemy India Long Term Fund (AILTF) is one of the Schemes of Alchemy Alternative Investment Trust, registered with International Financial Services Centres Authority (IFSCA) as Alternative Investment Fund, vide registration number IFSC/AIF2/2022-23/0039/01. Alchemy Investment Management LLP is the Investment Manager. Originally incorporated in Jun 2008 in Mauritius (managed by Alchemy Investment Management Pte Ltd, Singapore) and in April 2023 was migrated (along with investments and investors) to Gift City in India (managed by Alchemy Investment Management LLP). The Fund is US dollar denominated offering to global investors including Non-resident Indian (NRIs) and OCI certificate holders, who is looking for an actively managed exposure to Indian equity market.

Who can invest in AILTF?

All global investors including Non-resident Indian (NRIs), OCI certificate holders, US taxable and tax-exempt investors, Foreign registered entities like company, LLC, LLP, trust, family offices etc who are looking for an actively managed exposure to Indian equity market, can invest in AILTF subject to they being eligible investors under the applicable regulation.

Who is the investment manager of Alchemy India Long Term Fund (AILTF)?

Alchemy Investment Management LLP (Alchemy GIFT) is the investment Manager of AILTF. Alchemy Capital Management Pvt. Ltd.is the majority partner in Alchemy GIFT holding 99.98% of partnership interest.

What is the tenure of the Alchemy India Long Term Fund?

The Alchemy India Long Term Fund is an open-ended scheme and shall continue in operation till it is wound up by the Investment Manager at its discretion.

Can resident Indian investor invest in the AILTF?

No, resident Indians are not allowed to invest in the AILTF.

Can NRI invest through his NRE account maintained in India?

Yes, it is allowed however the investor has to convert its Indian currency (INR) into USD before remitting from NRE account to Alchemy India Long Term Fund's bank account.

From which jurisdiction Investors are allowed?

Subject to applicable laws, eligible Investors are generally allowed from all jurisdictions.

What is the denomination of the AILTF?

AILTF is USD denominated.

Can an investor remit fund other than USD?

No, investor subscribing in the AILTF must remit only in USD.

Will Fund bear bank charges towards Investor Contribution?

No, all bank charges on account of wiring funds has to be borne by the investor and units would be issued based on the net inflow received in the Funds bank account.

What is the minimum contribution allowed?

Minimum contribution is USD 150,000 for all category of investors. Please read the Private Placement Memorandum documents for complete details.

What is the frequency of valuation/NAV?

Monthly

Can an investor make additional commitment, if yes then what is the minimum amount?

Yes, an investor can make additional commitment. Generally, we accept USD 100,000 as additional commitment however it may vary at Investment Managers discretion. For complete details, please read the Private Placement Memorandum of the Fund

Is K1/K3 statement issued?

Yes, it is issued to US taxable investors.

Who are the service providers of the Fund?

The list of key service providers are given below:

  • Trustee: Amicorp Trustees (India) Pvt Ltd
  • Custodian: Kotak Mahindra Bank Ltd
  • Administrator: Ascent Fund Services (India) Pvt Ltd
  • Auditor: E&Y India
  • Tax Advisor: Deloitte Haskins & Sells LLP
  • Legal Advisor: India : Khaitan & Co | US: Seward and Kissel LLP.

For complete details, please read the Private Placement Memorandum of the Fund

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