Baroda BNP Paribas Asset Management has announced the launch of India’s first fund from GIFT City dedicated exclusively to US small-cap stocks - The Baroda BNP Paribas GIFT US Small Cap Fund. The fund house stated that the launch is intended to widen access to international markets and is open to resident Indian investors using the RBI liberalised remittance scheme limits available for individuals and family offices.

According to a release, the fund will operate as a Restricted Scheme, investing in the BNP Paribas US Small Cap Fund that has outperformed the Russell 2000 Index in 10 of the last 12 years, generating alpha in varied market conditions. GIFT City offers restricted and retail fund schemes. Restricted schemes target accredited or sophisticated investors, allow flexible structure

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