Unlock Global Potential: Ionic Announces Innovative Fund for Indian HNIs

Ionic Asset, supported by Angel One, has unveiled the Ionic Global Innovation Fund (GIF), aiming to provide Indian high-net-worth individuals with the opportunity to invest in innovative global enterprises by utilizing the GIFT City avenue.

This Category-III Alternative Investment Fund is designed to assist investors in utilizing their Liberalized Remittance Scheme up to USD 250,000 annually and using Overseas Portfolio Investments limits for currency diversification, even when mutual fund limits are fully exhausted, according to a company statement.

The GIF is structured to channel investments through GIFT City feeder and global master routes, offering access to growth narratives in the US, Europe, China, and East Asia via a sector-agnostic and geography-agnostic, selective stock strategy, the company outlined.

(With inputs from agencies.)