RNM Capital Trust provides structured exposure to Indian listed equities and select unlisted and pre-IPO opportunities through a long-only, research-driven investment framework.
Category III AIF · Restricted Scheme
GIFT City, Gujarat · IFSCA Framework
Long-Only · No Leverage · No Derivatives
IFSC A/FME/II/2024-25/149
About the Fund Management Entity ("FME")
RNM Capital FME IFSC LLP is a Fund Management Entity registered with the International Financial Services Centres Authority ("IFSCA") to undertake fund management activities from the International Financial Services Centre (IFSC), GIFT City, Gujarat.
The FME was incorporated on 31st July 2024, pursuant to an LLP Agreement dated 17th August 2024, by RNM Capital Advisors LLP and P&Y Capital LLP for carrying on the business of a Fund Management Entity and was granted registration by IFSCA as a Fund Management Entity vide Registration No. IFSCA/FME/II/2024-25/149 dated 22nd January 2025.
The FME is responsible for the management and administration of RNM Capital Trust, ensuring that the Scheme is managed in accordance with the applicable laws, regulatory requirements and the Scheme's investment objectives.
There have been no material regulatory or enforcement actions taken against RNM Capital FME IFSC LLP or its key managerial personnel in relation to the FME's operations in IFSC during the preceding three years.
About the Fund
RNM Capital Trust is a Category III Alternative Investment Fund registered under the International Financial Services Centres Authority (IFSCA), GIFT City, Gujarat. The Fund provides structured exposure to Indian listed equities and select unlisted and pre-IPO opportunities.
The Fund is structured as a Restricted Scheme under the IFSCA regulatory framework. It follows a disciplined long-only approach and does not employ leverage or derivative exposure as part of its strategy.
Portfolio construction is benchmark-agnostic and guided by defined allocation guardrails and institutional oversight mechanisms. Participation is subject to eligibility criteria and applicable laws.
When evaluating a top AIF in India, investors typically consider regulatory registration, governance standards, risk management framework, sponsor credibility, and transparency in reporting — all of which are core pillars of RNM Capital Trust's operating model.
Domicile & Structure
RNM Capital Trust is domiciled in GIFT City, Gujarat, India's International Financial Services Centre regulated by IFSCA. This structure enables participation within a regulated international financial ecosystem.
An internationally benchmarked regulatory environment aligned with global financial standards, providing clarity and institutional-grade oversight.
Defined cross-border participation norms enabling non-resident investors and global capital to access Indian growth opportunities within a structured legal framework.
State-of-the-art institutional financial infrastructure including dedicated banking, clearing, and settlement systems purpose-built for international capital flows.
Compliance oversight aligned with global standards, ensuring periodic investor communication and regulatory reporting in accordance with applicable laws and fund documentation.
Our Framework
The Fund operates under a structured governance and risk framework that ensures accountability, transparency, and disciplined portfolio management at every stage.
The Fund operates under a structured governance framework aligned with IFSCA regulations, supported by Investment Committee oversight, designated officers, and independent trustee and custodian arrangements to ensure accountability and regulatory compliance.
The strategy follows defined portfolio guardrails, including a long-only, unlevered approach, diversification discipline, exposure limits, and continuous monitoring of portfolio risks throughout the investment lifecycle.
The Fund maintains periodic investor communication and regulatory reporting in accordance with applicable laws and fund documentation, ensuring transparency and structured disclosures for all eligible participants.
Who Can Invest
The Fund is structured for eligible investors who seek disciplined, research-driven exposure to India's growth story through a regulated IFSC framework. Participation is subject to eligibility criteria and applicable laws.
Diaspora and international investors seeking regulated access to Indian capital markets through a globally benchmarked IFSC structure designed for cross-border participation.
Qualified HNIs looking for alternative exposure to Indian listed equities and select pre-IPO opportunities with institutional-grade governance and defined risk guardrails.
Family offices seeking a professionally managed, long-only allocation to India's growth markets within a compliant, transparent, and independently governed fund structure.
Download a comprehensive overview of the Fund structure, investment strategy, governance framework, risk management approach, and IFSC positioning.
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View AlertsRegulatory Information
RNM Capital Trust is registered as a Category III Alternative Investment Fund under the International Financial Services Centres Authority (IFSCA), GIFT City, Gujarat. The Fund is structured as a Restricted Scheme and is offered through private placement to eligible investors in accordance with applicable regulations. Investment is subject to the terms of the Private Placement Memorandum (PPM).
RNM Capital FME IFSC LLP is the Fund Management Entity responsible for managing RNM Capital Trust within the IFSC regulatory framework.
The Fund is supported by its sponsors and institutional partners committed to delivering a compliant, structured, and transparent investment solution within the GIFT City IFSC framework.
|
M/s RNM Capital Advisors LLP acting through Designated Partner, Mr. Raghu Marwah |
M/s. P & Y Capital LLP acting through Designated Partner, Mr. Paulastya Sachdev. |
| Custodian | Kotak Mahindra Bank Limited | Shradha Salaria | shradha.salaria@kotak.com |
| Trustee | Catalyst Trusteeship Limited | Nikhil Shahdadpuri | nikhil.shahdadpuri@ctltrustee.com |
| Fund Administrator | Kotak Mahindra Bank Limited | Shrawani Shetye | shrawani.shetye@kotak.com |
| Statutory Auditors | J C Bhalla & Co. | Akhil Bhalla | taxaid@jcbhalla.com |
Key Managerial Personnel Details
| Principal Officer | Compliance Officer | Fund Manager |
|---|---|---|
| Mr. Abhishek Dubey | Ms. Twinkle Chheda | Mr. Ankit Dharamshi |
| Contact – (M): +91 8200287873 | Contact – (M): +91 7984820835 | Contact – (M): +91 8591486166 |
| Email Id: abhishek.d@rnmcapital.in | Email Id: twinkle.c@rnmcapital.in | Email Id: ankit.d@rnmcapital.in |
This webpage is provided for informational purposes only and does not constitute investment advice, an offer, or a solicitation. Investments in Alternative Investment Funds involve risk, including potential loss of capital. Prospective investors should review the fund documentation and seek independent professional advice before making any investment decision. Distribution of this material may be restricted in certain jurisdictions.
Registration with the International Financial Services Centres Authority (IFSCA) does not imply approval or endorsement by IFSCA of RNM Capital FME IFSC LLP, RNM Capital Trust or any scheme managed by the FME, or of the financial soundness or performance of the FME or the scheme.