Let me start with something important.
India is one of the best places to invest today.
Strong growth.
Favourable demographics.
Improving governance.
Entrepreneurial energy.
If someone wants to build wealth patiently, without worrying about currency risk, India is more than sufficient.
And for many investors, India alone can do the job.
But here’s where the conversation changes
Some investors don’t just want “good returns”.
They want:
Broader exposure
Multiple growth engines
Participation across global cycles
And that naturally leads to one question:
“Should I also look beyond India?”
The strongest economies go through phases.
There are periods when India outperforms everything
And there are periods when other markets quietly take the lead
If you look at long-term data, you’ll notice something interesting.
Emerging Markets ex-India and India don’t move in sync
Whiteoak conducted a study about India’s market performance vis-a-vis emerging market excl India. The correlation between India and EM ex-India is only ~0.5 over long periods
That’s not high.
That’s diversification.
Every region has its strength.
And more importantly — its own leadership.
Let’s simplify this.
Taiwan → Semiconductors
If the world runs on chips…
Taiwan builds them.
Companies like TSMC are not just leaders —
they are backbone of global technology.
South Korea → Electronics & Manufacturing
From displays to batteries to devices…
South Korea quietly dominates high-precision electronics manufacturing.
Europe isn’t about speed.
It’s about:
Engineering excellence
Luxury brands
Global consumer franchises
Think precision machines. Think premium brands.
China → Scale + Digital Growth + Robots + Manufacturing
Large consumer bases.
Rapid digital adoption.
Strong platforms in:
E-commerce
Fintech
Consumption
Now think about this
Many of these businesses…
Do not exist in India today.
Not because India is behind.
But because every economy evolves differently.
But here’s where most investors go wrong
They approach global investing like this:
“Which country will outperform?”
“Which sector is trending?”
That rarely works.
Because global investing is not about geography.
It is about business quality.
How serious investors approach this
They focus on:
Strong businesses
Scalable models
Capital efficiency
Governance
Across countries.
Not one country.
That’s where this opportunity comes in
We’ve been evaluating a strategy that follows this exact philosophy:
Bottom-up stock selection
No macro predictions
Focus on “great businesses at reasonable valuations”
Led by a team with deep global investing experience.
Who is this relevant for?
Not everyone.
But worth exploring if you:
✔ Already have strong India exposure
✔ Want to diversify intelligently (not randomly)
✔ Are thinking long-term (3–5+ years)
✔ Want access to global leaders not listed in India
At Fincare, we don’t believe in chasing opportunities.
We believe in structuring portfolios thoughtfully.
If global allocation is something you’re considering,
we can explore:
How much exposure makes sense
Where it fits in your current portfolio
Whether this opportunity is suitable for you
Just a conversation.
Warm regards,
Tejas
Fincare Services
Investments in AIFs are subject to market risks and suitability. This is not a solicitation but an informational communication.
More about the Strategy (What Makes It Different)
“Invest in great businesses at attractive valuations — anywhere in the world.”
No macro predictions.
No country bets.
Pure bottom-up investing.
1. Not Macro-Driven. Stock-Driven.
The portfolio avoids top-down macro calls
Focus is entirely on stock selection
This is critical.
Because macro is unpredictable.
But businesses with:
strong cash flows
good governance
scalable models
…tend to compound over time.
2. Proprietary Investment Framework
One of the interesting aspects is their Opco–Finco framework.
In simple terms:
They separate the operating business (OpCo)
From the capital structure (FinCo)
3. Strong Pedigree Matters
The fund is led by the fund manager, who previously managed:
Goldman Sachs India Strategy
Global Emerging Markets strategy
with decades of experience and a globally recognised track record
In global investing:
Process + experience matters more than themes
4. Truly Diversified Portfolio
You get exposure to:
Semiconductors
Technology
Financials
Consumption
Exchanges
Across multiple countries. If you look at current holding, it gives you fair idea of diversification and opportunity.
GEM-X Portfolio
How You Can Access This
The opportunity is available through:
Gift City AIF Fund
Structure: Category III AIF (Non-Retail)
Minimum Investment: USD 150,000
Route: Liberalised Remittance Scheme (LRS)
Past Performance – Master Fund (Since 31st Dec 2022)
(Net of fees)
USD Returns: ~72.20%
Annualized: ~18.19%
Outperformed across multiple quarters driven by strong stock selection in semiconductors, luxury, and technology.
Let’s discuss more in detail.
