Nippon Life India Asset Management (NAM India) and Nissay Asset Management, Japan, have come together to provide Japanese investors access to the Indian capital market.
NAM India, through its IFSC branch in GIFT City, has introduced the “Nippon India ETF Nifty 50 BeES GIFT” (Fund). This fund will serve as a feeder fund into Nippon India ETF Nifty 50 BeES. The launch of this fund coincides with the strengthening of India-Japan relations, with both countries seeing an increase in trade and investment. GIFT City, as a global financial hub, offers attractive tax and regulatory benefits, making it an ideal location for this fund.
Nissay Asset Management Corporation, Japan, a wholly-owned subsidiary of Nippon Life Insurance Company, has introduced the Nissay India Equity Fund in Japan, which will feed into the “Nippon India ETF Nifty 50 BeES GIFT” fund. This innovative equity fund provides Japanese investors with a unique opportunity to invest in India’s rapidly growing market by participating in exchange-traded funds (ETFs) that track the Nifty50 Index, comprising India’s top 50 companies.
“This is a groundbreaking fund launched in GIFT City, where investments will originate from Japanese investors and be channeled into the underlying Nippon India ETF Nifty 50 BeES,” the release noted.
Sundeep Sikka, Executive Director and CEO of NAM India, stated, “With this offering, NAM India continues to serve as a gateway for Japanese capital, with seven funds spanning various sectors, including real estate, ETFs, and venture capital. The Nissay India Equity Fund, backed by GIFT City’s tax advantages, offers Japanese investors a unique opportunity to be part of India’s growth story while reducing costs. This milestone underscores the growing investment and business ties between India and Japan.”
Hiroshi Ozeki, President and CEO of Nissay Asset Management, commented, “The Nissay India Equity Fund marks a significant step in our efforts to provide tailored solutions for Japanese investors, enabling them to participate in India’s economic growth. By leveraging the tax benefits of GIFT City, we can ensure an efficient and sustainable investment process, which is already gaining a strong reputation among Japanese investors.”
