Nippon Life India AM & Nissay AM provide access to Indian capital market for Japanese
India is increasingly attracting inflows from foreign investors, including Japan, and NAM India is committed to become a gateway for Japanese investments into India.
In this pursuit, Nippon Life India Asset Management, acting through its IFSC branch in GIFT City, has launched the “Nippon India ETF Nifty 50 BeES GIFT”. The Fund will be a feeder fund into Nippon India ETF Nifty 50 BeES, which is the oldest and first ETF in India investing in the top 50 companies in India on the basis of market cap.
The Fund’s launch comes at a time of strengthening India-Japan relations, with both nations increasing trade and investment. GIFT City, as a global financial hub, offers favourable tax and regulatory incentives, making it an ideal location for this Fund.
NAM India's partner Nissay Asset Management Corporation, wholly owned by Nippon Life Insurance Company, has launched Nissay India Equity Fund in Japan which will feed into “Nippon India ETF Nifty 50 BeES GIFT” fund. This innovative equity fund is designed to offer Japanese investors a unique opportunity to access India’s rapidly growing market by investing in exchange-traded funds (ETFs) that track the Nifty50 Index, representing India’s top 50 companies.
This is first of its kind fund which is launched in the GIFT City wherein investment will come from Japanese investors and the Fund will invest in underlying Nippon India ETF Nifty 50 BeES. The Nissay India Equity Fund stands out for its use of GIFT City, a special economic zone in India that provides exclusive tax incentives. The Fund will benefit from reduced taxes on profits from Indian-listed ETFs, reducing operational costs and offering a more efficient investment solution for clients.
Currently, NAM India advises four India-focused funds in Japan and through its subsidiary manages three AIFs in India with underlying Japanese investors. The said funds invest across diverse sectors, including real estate, ETFs, and venture capital, all aiming to provide Japanese investors with access to India’s capital market.
About Nippon Life India Asset Management (NAM India)
Nippon Life India Asset Management is one of the largest asset managers in India, managing (directly & indirectly) assets across mutual funds including Exchange Traded Funds, managed accounts, including portfolio management services, alternative investments funds, and offshore funds and advisory mandates. NAM India is the asset manager of Nippon India Mutual Fund’s schemes.
It also acts as an advisor for India focused Equity & Fixed Income funds in Japan (launched by Nissay Asset Management), and in Thailand (launched by BBL Asset Management). It also manages offshore funds through its subsidiary in Singapore and, also has representative office in Dubai thereby catering to investors across Asia, Middle East, UK, US, & Europe.
About Nissay Asset Management Corporation
Nissay Asset Management is a 100% subsidiary asset management company of Nippon Life Insurance Company established in 1995 that brings together Nippon Life Group’s asset management capabilities. The company leverages its expertise in insurance asset management to provide a wide range of investment products that meet the needs of pension funds, as well as individual investors and other customers, for long-term, stable asset building.
Please follow us to read more about Finance & FinTech in Japan, like hundreds of readers do every day. We invite you to also register for our short weekly digest, the “Japan FinTech Observer”, on LinkedIn, or directly here on the platform.
We also provide a daily short-form Japan FinTech Observer news podcast, available via its Podcast Page. Our global Finance & FinTech Podcast, “eXponential Finance” is available through its own LinkedIn newsletter, or via its Podcast Page.
Should you live in Tokyo, or just pass through, please also join our meetup. In any case, our YouTube channel and LinkedIn page are there for you as well.
