Artha Bharat launches GIFT City’s first physical gold fund
Gift City (Gandhinagar), July 3 (TNT): Artha Bharat Investment Managers IFSC LLP on Friday launched the Artha Bharat FinMet Physical Gold Fund, described as GIFT City’s first physical commodity fund and the first gold fund authorised by the International Financial Services Centres Authority (IFSCA).
The open-ended, passively managed fund has been launched in partnership with Singapore-based precious metals specialist FinMet, which will serve as the investment adviser.
The scheme will invest at least 95 per cent of its assets in London Bullion Market Association (LBMA)-standard gold bars traded on the India International Bullion Exchange (IIBX) in GIFT City.
The launch follows the IFSCA’s notification recognising commodity trading as a financial product under the IFSCA Act from January 2026, paving the way for such investment products in GIFT City.
The fund will offer weekly subscriptions and redemptions and has a total expense ratio of 0.65 per cent per annum. Investors will also have the option of redeeming their investments either in the form of certified physical gold bars or cash.
The gold will be stored in insured India International Depository IFSC (IIDI) vaults regulated by the IFSCA.
Artha Bharat Managing Partner Sachin Sawrikar said the launch marks a significant milestone for GIFT City’s financial ecosystem and would help position it as a global hub for gold finance.
He expressed confidence that the fund would encourage greater institutional participation in the India International Bullion Exchange and strengthen India’s gold trading ecosystem.
The company said the fund seeks to provide investors with exposure to international spot gold prices while combining institutional-grade security with liquidity.
It also aims to support the development of GIFT City as an international financial services centre by creating a new category of institutional demand for physical gold.
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