Baroda BNP Paribas Asset Management (Baroda BNP Paribas AMC) has launched the Baroda BNP Paribas GIFT US Small Cap Fund through its GIFT City branch, marking what the company says is India’s first fund providing direct access to US small-cap equities via an IFSCA-regulated structure.

According to the fund house, the scheme operates as a Restricted Scheme under GIFT City regulations and invests in the BNP Paribas US Small Cap Fund, a US-based fund managing $1.4 billion in assets.

The underlying fund has recorded a 3-year dollar CAGR of 14.27%, as per data provided by BNP Paribas Asset Management.

Morningstar has rated the underlying fund 3 stars, and it has reportedly outperformed the Russell 2000 Index in 10 of the last 12 years.

Sanjay Grover, Managing Director & CEO of Baroda BNP Par

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