One structure instead of a hundred decisions
A single regulated vehicle holds the whole global book, rather than the family running dozens of separate positions, conversions and filings from India.
The fund
An IFSCA-regulated global equity fund, anchored by the family.
The fund holds global public equities in US dollars through a regulated structure at GIFT City. The Choice family is its lead anchor investor, and subscribed on the same terms as every other investor.
Purpose
Why the family
anchored a fund.
A family can buy global equities on its own. Doing it through a regulated fund changes what happens between the decision and the return.
Dollars held end to end
Subscriptions convert once, inside the regulated perimeter. The portfolio is denominated, traded and held in US dollars from there on.
Tax at the fund, not at every trade
The fund can rotate between holdings without the investor realising a taxable event on each sale, so capital stays invested while a view plays out.
The family goes first
Choice is the lead anchor investor. The family’s own capital is in the fund on the same terms as anyone else’s, which is the only alignment that really counts.
The family went in first, on the same terms as everyone after it.
Lead anchor investor
Approach
Public markets
first.
Global listed equities, held in US dollars, concentrated in three sectors, long-only and unlevered. This is how a position gets chosen, sized and held.
Public markets first
Roughly four fifths of the book is listed equity. Private positions are taken selectively, alongside the public book rather than instead of it, and account for about a fifth.
Long-only, no leverage, no options
We own businesses outright. Returns come from what those businesses do, not from gearing, derivatives or structure, and we never sell short.
Research before capital
A proprietary model examines each company’s fundamentals in depth, then tests the strength of the sector it sits in, before anything is committed.
Concentrated, inside three sectors
Technology and AI, Healthcare AI, and Renewables and Energy Services. Few positions, each one sized to matter. We would rather understand a handful of companies properly than hold a hundred loosely.
Risk is set through beta
Portfolio risk is managed by beta rather than by position count. The fund starts close to the beta of the S&P 500 and raises it only as realised returns build.
Dollars, and a long view
The portfolio is denominated and held in US dollars. Every position is taken with a medium- to long-term view, and we do not state a holding period we might not keep.
Roughly 80% of the portfolio is held in US public equities.
The three sectors
Why these,
and nothing else.
One sector compounding, one with an edge, one cyclical. All three are researched from the bottom up, and the fund does not stray outside them.
Core growth
Technology & AI
The largest single driver of US earnings growth, and the spending behind it is budgeted rather than hoped for.
- AI spending is the biggest driver of US earnings growth — the largest cloud companies plan over $700 billion of capital expenditure in 2026
- Chipmakers lead the cycle; software companies keep the margins
- The leaders are listed in US dollars
What we watch
Hyperscaler capital expenditure guidance, and where the margin settles between the silicon and the software.
Semiconductors · Cloud · AI infrastructure · Software
Edge
Healthcare AI
The work of the sector is being rebuilt around AI at the same moment that capital is returning to it.
- Drug discovery, imaging and hospital workflow are being rebuilt around AI
- Biopharma M&A reached $130 billion in the first half of 2026, on IQVIA figures
- The FDA has authorised more than 1,600 AI-enabled medical devices
What we watch
Biopharma M&A volume, and the rate at which the FDA authorises AI-enabled devices.
Diagnostics · Precision medicine · Biotech · Workflow
Cyclical alpha
Renewables & Energy Services
Demand from data centres is growing faster than the grid that serves them, which prices everything that generates or services power.
- Data-centre electricity use doubles by 2030, on IEA figures
- Clean-energy investment reaches $2.2 trillion in 2026, on IEA figures
- Nuclear, LNG and oilfield services gain pricing power
What we watch
Data-centre load growth, clean-energy investment, and pricing power across nuclear, LNG and oilfield services.
Solar · Wind · EV batteries · Nuclear · Oilfield services
Sector figures are third-party estimates cited for context, as at October 2026: 2026 capital expenditure guidance from Amazon, Microsoft, Alphabet and Meta, as compiled from company statements; IQVIA, Biopharma M&A: Mid-year 2026 update (July 2026); US FDA, Artificial Intelligence-Enabled Medical Devices (September 2026); and the International Energy Agency, Key Questions on Energy and AI (2026) and World Energy Investment 2026. They describe the sectors, not the fund or any holding. Forward-looking statements are expectations, not forecasts or guarantees.
Structure
Two feeders,
one portfolio.
GIFT City for investors in India, Mauritius for everyone else. The conversion to dollars happens once, inside the regulated perimeter.
- Investors in IndiaSubscriptions in rupees through a regulated GIFT City route.
- GIFT City feederCategory III AIF. Rupees convert to dollars inside the regulated perimeter.
- Mauritius offshore feederFor international investors. Tax sits at fund level, not on each transaction.
- Global portfolioRoughly 80% US public equities, 20% private and opportunistic.
Mandate
So you need
not guess.
The fund does a narrow set of things, deliberately. Rather than let that surface over three meetings, here is the line.
What we will look at
- Listed equities in technology and AI, healthcare AI, and renewables and energy services
- Companies listed in US dollars, with the US the portfolio’s geographic concentration
- Businesses we can model from the bottom up
- Selective private positions, taken alongside the public book
- Positions large enough to change the portfolio’s outcome
What we will not
- Leverage, options and other derivatives
- Short positions of any kind
- Sectors outside the three we research
- Holding a little of everything in order to look diversified
- A stated holding period
Factsheet
- Fund
- Artha Bharat Multi Asset Global Capital Fund
- Structure
- Category III AIF, open-ended
- Regulator
- IFSCA, GIFT City · IFSC/AIF3/2026-27/0406
- Currency
- US dollar
- Minimum investment
- USD 150,000
- Strategy
- Long-only equity · no leverage, no options
- Underlying assets
- Public equities, concentrated in the US, with selective private opportunities
- Sectors
- Technology & AI · Healthcare AI · Renewables & Energy
- Investors in India
- Subscribe through the GIFT City feeder
- Investors abroad
- Subscribe directly, through the Mauritius offshore feeder
- Platform
- Artha Bharat Investment Managers IFSC LLP
- Lead anchor investor
- Choice Group
- Legal counsel
- Cyril Amarchand Mangaldas
- Auditor · Tax adviser
- Deloitte · PwC
Fees, liquidity and redemption terms are not published here. They are set out in the placement memorandum and are available to prospective investors on request.
Platform and governance
The platform
and the advisers.
The fund operates on the Artha Bharat platform, the first IFSCA-licensed third-party fund management platform in GIFT City, with hubs in India, Mauritius, Abu Dhabi, the British Virgin Islands and Singapore.
$800M+Platform AUM
5International hubs
2026Fund registered
Advisers of record
- Cyril Amarchand MangaldasLegal counsel
- DeloitteAuditor
- PwCTax adviser
Who runs it
- Sachin SawrikarFund ManagerThree decades in fund management across India and the GCC. Founder and Group CEO of Artha Bharat. Previously Head of the Private Equity Group at Bank Muscat, Executive Director at GFH Financial Group and a fund manager at SBI Mutual Fund. CFA charterholder; MBA from XLRI.
- Karan SoodInvestment DirectorOver a decade in investment banking and corporate investing on Wall Street, at Citi, UBS, GE HealthCare and Thermo Fisher Scientific, on transactions worth more than $10 billion across the sectors the fund invests in.
- Krishna MaheshwariInvestment AnalystThe fundamental research behind the portfolio. Chartered Accountant with an All India Rank of 31, CFA Level III cleared, and a NISM Series XV certified research analyst.
The fund is registered as Artha Bharat Multi Asset Global Capital Fund, an IFSCA Category III Alternative Investment Fund. Units are offered solely by private placement under a placement memorandum, to persons to whom such an offer may lawfully be made. Nothing on this page is an offer, a solicitation, investment advice or tax advice. Registration with the International Financial Services Centres Authority does not imply any assurance of the fund’s performance. Alternative investment funds carry a high degree of risk, including the possible loss of the entire amount committed. Past performance is not indicative of future results. Currency movements may increase or reduce returns for an investor whose home currency is not the US dollar.