The Wealth Company launches GIFT City fund for Indian market access

The Wealth Company, the asset management arm of Pantomath Group, has launched the Wealth Company IFSC Fund of Fund (FoF). Based in GIFT City, this open-ended Category III Alternative Investment Fund provides non-resident Indians (NRIs) and other eligible global investors a single, US dollar-denominated route to access India’s mutual fund and ETF market.

The fund offers diversified exposure to over 1,600 schemes, including equity-oriented, sectoral, fixed income, hybrid, and gold or silver ETFs. The structure is designed to allow global family offices and accredited investors to participate in Indian market growth without needing separate SEBI FPI registration.

In separate news, mobile technology company NUU has announced the launch of the NUU X10 5G. The fully unlocked Android smartphone is designed for compatibility with major U.S. wireless providers, including AT&T, T-Mobile, and Verizon. The device features a MediaTek Dimensity 6100+ 5G processor, a 6.8-inch 90Hz display, and a 5,000mAh battery.