Artha Bharat to Shift Two GIFT City Funds to Abu Dhabi Over Tax Hurdles

Key points

• Artha Bharat manages over $800 million in assets.
• The Artha Global Multiplier Fund is valued at $112 million and focuses on US consumer investments.
• The Artha Bharat Absolute Return Fund is an arbitrage fund investing in Indian securities.
• The minimum investment in these funds is $150,000, higher than the $250,000 limit for Indian investors under the Liberalised Remittance Scheme.
• Abu Dhabi offers a lower minimum ticket size of $55,000, potentially expanding the investor base.
• The firm is also setting up a new fund in Abu Dhabi and has applied for a license in Singapore.