Category III AIFFeeder
Ashoka WhiteOak Global Emerging Markets Ex India GIFT Fund
Ashoka WhiteOak Capital Management (GIFT) LLP
A GIFT City feeder into WhiteOak's emerging-markets fund, with India deliberately left out — so it adds exposure an Indian investor doesn't already have, such as Taiwan, South Korea, China and Latin America.
Minimum investment
USD 150,000
USD 25,000 for accredited investors; commitments above USD 150,000 can be paid in three tranches over 12 months
Key facts
Structure
Category III AIF · restricted scheme (non-retail)
Strategy
Feeder into an actively managed emerging-markets ex-India fund
Invests in
Ashoka WhiteOak Emerging Markets Equity Ex-India Fund (master fund)
Benchmark
MSCI EM ex India (Net Total Return, USD)
Fees
1.30% management fee (Class A, USD 150,000–499,999) + 0.65% master-fund fee; operating expenses at actuals, capped at 0.50%
Exit load / lock-in
24-month lock-in from allotment · monthly subscriptions and redemptions
Minimum investment
USD 150,000 — USD 25,000 for accredited investors; commitments above USD 150,000 can be paid in three tranches over 12 months
Status
Open
What it gives you exposure to
- ✓Emerging-market companies outside India
- ✓Active stock selection by WhiteOak's global team
- ✓No overlap with an existing India portfolio
Things to know before investing
- !24-month lock-in — money cannot be withdrawn early.
- !Two layers of fees: the feeder's management fee plus the master fund's 0.65%.
- !Dealing is monthly, not daily.
How to invest
Remit US dollars under the RBI’s Liberalised Remittance Scheme (up to USD 250,000 per person a year; 20% TCS above ₹10 lakh, adjustable against your tax) and subscribe to the fund in USD. As a restricted Category III AIF, it is open only to investors who meet the USD 150,000 threshold (or accredited-investor criteria). See the step-by-step guide.
Details last reviewed 27 Sep 2026. Fees and terms can change — confirm with the offer document or private placement memorandum before investing.