SBI FUNDS IN GIFT CITY
SBI Funds Management Ltd. has emerged as a leading player in asset management space providing investment solutions across investor category through our rich investment expertise. We are in our journey to build a brand of international repute by adopting global best practices and maintaining international standards.
WHAT IS GIFT CITY?
GIFT City a.k.a. Gujarat International Financial-Tec City, is India's first IFSC, or International Financial Services Centre. It is approved and regulated by the government under the Special Economic Zones Act, 2005. GIFT City is a jurisdiction that provides financial services to both residents and non-residents in foreign currency.
The International Financial Services Centre (IFSC) was established to attract overseas financial institutions and the overseas branches/subsidiaries of Indian financial institutions to India. The IFSC provides a compelling ecosystem for conducting financial services business, including a favourable regulatory environment and a world-class infrastructure. IFSC units are treated as non-residents under extant Foreign Exchange Management regulations. The International Financial Services Centres Authority (IFSCA) is a unified regulator for securities markets, banking, insurance, and pension funds in the IFSC.
International Hub Of India
SBIFM at Gift City
With evolving needs of investors and the ever-changing dynamics of the financial industry, we have made our presence in GIFT City Gujarat through our wholly-owned subsidiary operation. With our strong pedigree fund management expertise, we are committed to offer investment solutions to across client segments operating through our GIFT City set-up.
We started with a branch set-up initially through “SBI Funds Management Ltd (IFSC) Branch” and later the FME operations were taken over by SBI Funds International (IFSC) Ltd. (wholly owned subsidiary of SBI Funds Management Ltd.) from 12th August 2024 onwards.
SBI Funds International (IFSC) Limited (SBI Funds International) is registered with the International Financial Services Centres Authority (IFSCA) as a Registered Fund Management Entity (Registered FME - Retail) bearing registration number: IFSCA / FME/ III/ 2022-23/010. SBI Funds International is engaged in Portfolio Management services and Investment Management activities / services for pooled assets in IFSC.
We endeavour to develop our GIFT City operations as a one-stop destination for all international financial services and innovations in this regard.
Investment Portfolio
SBI Investment
Opportunities Fund (IFSC)
About the Fund
The fund is an open-ended restricted Scheme classified as Category III Alternate Investment Fund under the International Financial Services Centre Authority (IFSCA) Regulations and is registered with IFSCA bearing registration no. IFSC/AIF3/2023-24/0010. The fund aims to provide long term capital appreciation by investing primarily in equity and equity linked investments including the use of derivatives, debt related instruments and other permissible securities as per applicable laws.
Strategy of the fund
The fund will be manged with a combination of long only strategy & derivative strategy intended for better risk adjusted returns.
High conviction focused portfolio 
Bottom-up stock picking 
Long-term earning compounders 
Style, Sector & Market cap agnostic 
Focus on Quality & Growth 
Valuation & research arbitrage
- The derivative strategy may be used for both hedging purposes and for enhancing return depending upon opportunities as may be available.
With a combination of above 2 strategies, the fund will endeavour to invest in stocks that offer long term appreciation potential and the same time, cushion the downside from market falls, thereby focusing on delivering superior risk-adjusted returns.
- Category of AIF(s) : Cat III
- IFSCA Scheme Registration Number : IFSC/AIF3/2023-24/0010
- Name of the Fund Manager : Mahesh Chhabria
- Any other relevant registration details : N.A.
The Fund is also registered as a Category I Foreign Portfolio Investment (FPI) bearing registration number INIGFP057323 under the FPI Regulations.
The above information is given for general purposes only. Prospective investors are advised to read Private Placement Memorandum and Contribution agreement and obtain professional advice before investing.
SBI Funds International (IFSC) Ltd. Advantage
Strong Pedigree
Over 36 years of Investment management experience
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JV between India's largest bank SBI, and Europe's largest asset manager, the French player Amundi
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Investors can leverage on strength of both stakeholders to achieve best of both domestic and global investment practices
Investment Expertise
Proven expertise in managing strategies across asset classes
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Strong research provides depth and breadth of coverage resulting in superior stock selection
Rigorous Investment Process
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Focus on innovation to build smarter investment strategies, robust internal framework through technology adoption and global expertise.
Structured and disciplined processes to ensure effective execution of strategies
Rigorous investment templates in place for each strategy
Flexibility to tailor solutions and advisory assignments
Robust Risk Management Framework
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Emphasis on coherence in risk monitoring & transparency in reporting
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Our People
Mr. Krishnamurthy Vijayan
Independent Director
Mr. Krishnamurthy Vijayan is a veteran of the Investment industry, having worked in it since 1986 and headed various fund management organization between 2000 and 2021. His last appointment was as the founder CEO of Tamil Nadu Infrastructure Fund Management Corporation Ltd. (TNIFMC), promoted by the Government of Tamil Nadu. TNIFMC was set up to raise funds primarily from international institutional investors for funding the commercially viable infrastructure projects envisaged in the infrastructure masterplan of the State of Tamil Nadu (India). Mr. Vijayan has been a thought leader in the Indian Mutual Fund industry, raising from a probationary officer in UTI in 1986 to the CEO of JM Mutual Fund in 2000 by the age of 37. He later went on to be the Executive Chairman JP Morgan AMC and MD, IDBI AMC. With over 34 years’ experience in the mutual fund industry, with over 20 years at the Chief Executive Level, he has been at the forefront of many changes in the industry and was Member AMFI Governing Board, FICCI Capital Market Committee and number of other industry bodies. Between 2011-2019 he served on the Board of SBI Mutual Fund Trustee Company Ltd. as independent director and Chaired the Board between 2015-2019. He has served as an independent director on the Board of Aptus Value Housing Finance India Ltd. (an NBFC in the affordable housing finance segment). He is also advisor to CAMS Ltd., the Cheran Group of Companies, IG3 Infrastructure Ltd. And Angel One Mutual Fund. He is also Chairman of the Industrial Advisory Council, MIDC of the State of Meghalaya. Mr. Vijayan is also active in charity work that support children’s causes and two rural schools and an NGO working with tribal children in sports.
Mr. Krishnamurthy Vijayan is the Chairman of the Board of Directors of the Company. He is also the Chairman of the Audit Committee of the Board of Directors. He has attended all the Board Meetings during the financial year 2024-25 since his appointment. He is Chairman of the Audit Committee of the Board of the Company wherein he attended all the meetings held during the financial year 2024-25. He was paid sitting fees of Rs. 2.50 lakhs for attending the meetings of Board and Committee for the FY 2024-25. He does not hold any shares in the Company. He is not related with any other Directors of the Company.
Mr. Krishnamurthy Vijayan is currently serving as a Director on the Board of following Companies:
• Aban Offshore Limited as an Independent Director
• KKGE Investments Private Limited as a Director
• Charioteer Advisors Private Limited as a Director
• Kanyakumari Green Earth Foundation as a Director
Mr. Navdeep Singh Suri
Independent Director
Mr. Navdeep Suri is Distinguished Fellow at the Observer Research Foundation. He is on the Board of several reputed companies and an advisor to several prestigious international organizations. He is also Professor of Eminence at Guru Nanak Dev University in Amritsar.
Mr. Navdeep Suri completed a distinguished 36-year career in the Indian Foreign Service in 2019, having served in India’s diplomatic missions in Cairo, Damascus, Washington, Dar es Salaam and London and as India’s Consul General in Johannesburg. He was India’s High Commissioner to Australia and Ambassador to Egypt and UAE and has been acknowledged for his role in promoting trade and investment links with these countries. In a rare gesture, the President of UAE conferred on him the Order of Zayed II, the country’s second-highest civilian award. His innovative use of social media in public diplomacy in 2010 also received extensive recognition and two prestigious awards.
Mr. Navdeep Suri has learnt Arabic, has a master’s degree in economics and is a respected commentator on geopolitical and geoeconomics developments in the Middle East. He has also co-edited the ORF-Global Policy books ‘A 2030 Vision for India’s Economic Diplomacy,’ ‘I2U2: Pathways for a new minilateral’ and ‘IMEC: Towards a new discourse in global connectivity.’
He has attended all the Board Meetings during the financial year 2024-25 since his appointment. He is a member of the Audit Committee of the Board of the Company wherein he attended all the meetings held during the financial year 2024-25. He was paid sitting fees of Rs. 2.50 lakhs for attending the meetings of Board and Committee for the FY 2024-25. He does not hold any shares in the Company. He is not related to any other Directors of the Company.
Mr. Navdeep Suri is currently serving as a Director on the Board of following Companies:
• Hindustan Infralog Private Limited as a Director
• One Mobikwik Systems Limited as an Independent Director
• Hindustan Ports Private Limited as an Independent Director
• Zaak Epayment Services Private Limited as an Independent Director
• TCI Sanmar (SAE based in Eqypt) as an Independent Director.
Mr. Nand Kishore
Associate Director
Mr. Nand Kishore, Deputy Managing Director of State Bank of India (SBI), is on deputation to SBIFML since November 6, 2024. Mr. Kishore joined SBI as a Probationary Officer in 1990 and has varied experience of 34 years in major banking verticals such as Branch Banking, International Operations, Treasury Operations and Investment Banking, Corporate Banking, and Retail Operations of the Bank.
Before his deputation to SBIFML, he was Deputy Managing Director (Global Markets) at SBI, Corporate Centre, Mumbai, where he was responsible for overseeing the bank’s entire treasury operations.
Other key assignments held by Mr. Kishore during the last 10 years with SBI are as under:
• Chief General Manager, Bengaluru Circle (May 2021 to June 2023)
• General Manager & Branch Head, Corporate Accounts Group, BKC, Mumbai (June 2019 to May 2021)
• Deputy General Manager (Interest Rate Markets), Global Markets Corporate Centre, Mumbai (January 2017 to June 2019)
• Deputy General Manager & Chief Operating Officer, Corporate Accounts Group, New Delhi (September 2015 to January 2017)
• Assistant General Manager, Treasury Management Group IBG Corporate Centre, Mumbai (July 2012 to September 2015)
Mr. Devinder Pal Singh
Associate Director
D P Singh has over 30 years of rich experience in the Banking and Financial Services industry and has been associated with SBI Funds Management since 1998. As DMD & Chief Business Officer he is responsible for all business verticals and segments of the organization. Over the years, he has overseen many roles across the various functions in the organization. Prior to joining the company, he was with SBI where he handled various assignments in Retail Banking, Corporate Credit and Information Technology Initiatives.
Mr. Manish Makharia
Chief Executive Officer & Principal Officer
Mr. Yashpal Sharma
Chief Financial Officer & Compliance Officer
Mr. Mahesh Chhabria
Fund Manager
Mr. Santosh Sidiri
Company Secretary
Get in Touch
Contact details for SBI Funds International (IFSC) Limited
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Mr. Yashpal Sharma
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+91 84510 48593 | +91 (0)79-68320700
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SBI Funds International (IFSC) Limited
Unit 209, 2nd floor,
Signature Building, Block 13B,
Zone-1, GIFTSEZ,
Gandhinagar-382050 (Gujarat),
IndiaU64990GJ2024PLC148409
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yashpal.sharma@sbifundsgift.com