United Arab Emirates · Public feeder funds
NIFM India Allocator Feeder Funds Two USD sub-funds. One UAE public umbrella.
Invest in Indian mutual funds in USD.
Choose a value-equity feeder or an equity-and-debt feeder. Both are SCA-adopted UAE public sub-funds that hold units of SEBI-regulated ICICI Prudential schemes in India — daily dealing, from USD 1,000.
Step 01
Step 02
An open-ended public umbrella established in the United Arab Emirates, whose Prospectus was adopted by the Capital Market Authority ("CMA"). Two segregated sub-funds sit underneath it.
Step 03
Each feeder invests primarily in a SEBI-regulated Indian scheme — Value Fund, or Equity & Debt Fund — chosen when you subscribe.
Step 04
Listed companies on the NSE and BSE, and — in the hybrid feeder — Indian fixed income held alongside them.
One KYC, two strategies. Each sub-fund is ring-fenced under the NIFM umbrella and feeds a different ICICI Prudential master.
Value equities
Feeds into ICICI Prudential Value Fund — SEBI-regulated, India-domiciled.
A long-only Indian value equity portfolio across the market-cap spectrum. Built for investors who want USD access to a diversified NSE/BSE book, without buying stocks directly.
Equity & debt
Feeds into ICICI Prudential Equity & Debt Fund — SEBI-regulated aggressive hybrid.
A blend of Indian listed equities and fixed income. Typically 65–80% equity and 20–35% debt, so the book can participate in growth while keeping a ballast of bonds.
Both Indian masters are managed by ICICI Prudential AMC. The UAE feeders are managed by NIFM.
ICICI Prudential AMC · Indian master schemes
Value Fund and Equity & Debt Fund
“I want to buy companies, with capable managements, good growth and good balance sheets, when they are available at sufficient margin of safety.”
S. Naren · Dharmesh K. · Masoomi J.
An offshore investor buying Indian stocks directly is taxed in India on gains and income. Held through the UAE feeder, both the feeder and the master fund are tax exempt.
Rates shown are those applicable to Foreign Portfolio Investors, inclusive of surcharge and Health & Education Cess.
The Fund may be required to pay tax on investments made in other instruments used for temporary parking. Investors remain responsible for tax in their own jurisdiction.
*Short-term capital gains tax applies to holdings of up to one year; long-term capital gains tax applies to holdings beyond one year. @Withholding tax applicable. The rates mentioned above apply to Foreign Portfolio Investors (FPIs) and include surcharge and Health and Education Cess at 4%. For Foreign Companies and Corporate FPIs, surcharge is 2% where income is ≤ INR 10 crores and 5% where income is > INR 10 crores. The above rates assume a surcharge of 5%. This is not tax advice; obtain your own.
NIFM India Allocator Feeder Funds — with two sub-funds: Value Feeder Fund, and Equity & Debt Feeder Fund.
An open-ended public feeder fund established in the United Arab Emirates, whose Prospectus and Supplement were adopted by the Capital Market Authority ("CMA") on 30 March 2026 under number 2026/140.
To generate long-term capital appreciation by primarily investing in units of the chosen ICICI Prudential master — Value Fund, or Equity & Debt Fund. Each feeder is a pooling vehicle; the FME has been appointed to manage the Funds and take decisions in relation to investments of the Fund.
The Value feeder’s master is an open-ended Indian equity scheme. The Equity & Debt feeder’s master is an aggressive hybrid investing in equities and fixed income. Both are suitable for investors seeking long-term capital growth in USD. Investors should consult their financial advisers if in doubt about whether a Scheme is suitable for them.
| Share class | Minimum investment (USD) | Subscription fee | Expense ratio |
|---|---|---|---|
| Class R | 1,000 | None | 1.83% |
| Class RS | 1,000 | Up to 5% | 0.83% |
| Class RC | 1,000 | Up to 5% | 1.83% |
| Class A | 50,000 | Up to 5% | 1.70% |
| Class IS | 500,000 | Up to 5% | 0.12% |
| Class I | 5,000,000 | None | 0.10% |
Data as of 30 June 2026. Eligibility is limited to offshore investors other than resident Indians, in FATF-compliant countries.
The Offering Documents, Articles of Association and Subscription Agreement contain the complete terms, risk factors and fees. No offer to purchase interests is made or accepted until those documents have been received and all requisite documentation completed.
Neovision Investment Fund Management LLC
Office 806, 6th Floor, Al Khatem Tower, UAE Square,
Al Maryah Island, Abu Dhabi, UAE · PO Box 7851
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
