Category III AIFFeeder
Baroda BNP Paribas GIFT US Small Cap Fund
Baroda BNP Paribas AMC (IFSC branch)
The first GIFT City fund dedicated to US small companies. It invests in BNP Paribas's Luxembourg-domiciled US Small Cap Fund, run by a US-based team that looks for resilient small companies with lasting competitive advantages at attractive valuations.
Minimum investment
USD 150,000
Share class U: USD 150,000 · T: USD 175,000 · I: USD 250,000
Key facts
Structure
Category III AIF · open-ended (non-retail)
Strategy
Feeder into an actively managed US small-cap fund
Invests in
BNP Paribas US Small Cap Fund — a Luxembourg-domiciled sub-fund of BNP Paribas Funds SICAV
Benchmark
Russell 2000 (underlying fund's benchmark)
Fees
Available on request
Exit load / lock-in
Class U: 2-year lock-in, no exit load · Class T: 1% within 1 year, no lock-in · Class I: nil, no lock-in
Minimum investment
USD 150,000 — Share class U: USD 150,000 · T: USD 175,000 · I: USD 250,000
Status
Open
What it gives you exposure to
- ✓Smaller US companies — the part of the market the S&P 500 leaves out
- ✓A concentrated portfolio of around 80 holdings chosen through fundamental research
- ✓Measured against the Russell 2000
Things to know before investing
- !Small caps are more volatile than large caps.
- !Choose your share class carefully: lock-ins and exit loads differ between classes U, T and I.
- !Fees are available on request.
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.