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GIFT CITY · CATEGORY II AIF · IFSCA REGULATED

India's Growth.
Your Alpha.

India is the fastest-growing major economy on earth — and it's just getting started. Crescero gives you a disciplined, USD-denominated seat at the table. While the world watches, our investors are already in.

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USD 10–20MFund Size
Long OnlyCapital Appreciation
ZeroCapital Gains Tax
Cat IIAIF · IFSCA
India's Economic Trajectory
7.0%
GDP Growth FY 2025–26
Fastest growing major economy · IMF Est.
2026
Today
~$4.15 Trillion GDP
2030
Landmark
3rd Largest · $7.3T
2047
Vision
Developed Nation · $30–35T
Source: Government of India · IMF · Viksit Bharat @2047
Fund managers credentials
IIT Delhi INSEAD IIM Ahmedabad ICAI SRCC
Why Crescero

Built for global investors.
Structured for trust.

Three things that set Crescero apart from every other India fund you've seen.

Structure

GIFT City — Zero Tax by Design

Zero capital gains tax. Zero dividend tax. Fully USD-denominated. No RBI repatriation approval needed. Crescero is structured so that NRIs and foreign nationals invest with the same ease and protections as any institutional fund globally — without the compliance friction of direct domestic investment.

KEY DIFFERENTIATOR
Protection

We Only Earn When You Earn

Three structural protections most funds simply don't offer — clawback clause, currency hedge, and 10% co-investment (the maximum permitted by law). Our interests are aligned with yours by design, not by promise.

Track Record

Alpha Through Every Crisis

27% XIRR*. +16% alpha vs benchmarks. Positive through US tariff shocks, geopolitical crises, and corrections that drove Nifty 500 down 7%+ and S&P 500 into negative territory. Our investors stayed positive. The index did not.

Built Different

Three protections most funds
don't offer.

These aren't promises. They are written into the fund structure.

Currency Hedge

~2% p.a.
Hedging cost · Full INR/USD protection
You invest in USD. You receive in USD. All FX exposure actively hedged. No hidden currency losses eating your returns. Transparent cost, full protection.

Clawback Clause

>10% Returns
Only when you earn above hurdle
We only earn when you earn. Any investment loss is fully set off against our fee before any carry is computed. We bear the cost first.

Skin in the Game

10%
Maximum permitted by law — fully committed
We have invested 10% of the fund alongside you — the maximum co-investment permitted under IFSCA regulations. We are fully invested, not just managing.
Proven Performance

Real performance.
During tariffs & war.

The period Oct 2025–Feb 2026 coincided with the US tariff shock and the Iran war crisis — a global risk-off event that punished most equity markets hard.

The Nifty 500 fell 7.2%. The S&P 500 turned negative. Crescero stayed positive throughout.

+16%
Alpha over benchmarks
+9.0%
Crescero†
Oct 2025 – Feb 2026
−7.2%
Nifty 500
same period
+2.9%
S&P 500
same period
Iran war & global risk-off · Jan–Feb 2026
Crescero maintained positive returns while Nifty 500 fell sharply.

Past performance is not a guarantee of future results. *XIRR as of latest calculation date.
† Crescero sample portfolio — period Oct 2025 – Feb 2026

Crescero vs Indices — Cumulative Return
Oct 2025 – Feb 2026 · % return from base
Crescero
S&P 500
Nifty 500
⚡ Iran war risk-off
+10% +5% 0% -5% -10% crisis → +1.0% +2.3% +0.5% +3.5% +2.4% +1.8% +4.8% +2.3% +1.0% +6.2% +3.8% -4.5% +9.0% +2.9% -7.2% Oct 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026
The Opportunity

The numbers behind India's ascent.

Three structural tailwinds driving India's transformation into a $35 trillion economy.

$500B

Manufacturing Output by 2030

PLI schemes across 14 sectors. $165B FDI committed. 1 in 4 iPhones now made in India. China+1 strategy firmly in motion.

50%

Global Real-Time Transactions

India processes half of all real-time digital payments on earth. 1.4B consumers. World's 3rd largest startup ecosystem.

14×

Defence Exports Growth

FY17–FY24. $70B defence budget — highest ever. $30B hyperscale data centre investment. 40% non-fossil energy hit 5 years early.

Explore Why India →
Ready to Invest?

India is not waiting.
Neither should you.

Average commitment USD 350,000. Structured for NRIs, OCIs, and foreign nationals. Minimum USD 150,000. GIFT City regulated, internationally accessible.

Start the Conversation → How to Invest
Why India

The most important economic story of the next 30 years is unfolding right now.

India in 2026 is where China was in 2003. The window to enter at the right valuation, in the right structure, with the right team — is now.

India's GDP today: $4.15 Trillion · Growing at 7% · FY26
7.0%GDP Growth FY26
$4.15TCurrent GDP
$7.3TGDP Target 2030
$35TVision 2047
1.4B+Consumer Base
3rd LargestStartup Ecosystem
The Opportunity

India 2026 = China 2003.
Miss this and you know it.

When China entered WTO in 2001, its GDP was $1.3T. Over the next 20 years it grew 14×. Global investors who positioned early made generational wealth. India today is at that exact inflection point — $4.15T GDP, 7% growth, and a structural shift that will not reverse.

The difference: India has democratic institutions, English-speaking talent, a common-law legal system, and direct access for foreign capital through GIFT City — none of which China offered in 2003.

14×
China's GDP growth 2001–2021
Now
India at the same inflection point
GDP Trajectory
2026 — Today $4.15T
2030 — 3rd Largest $7.3T
2047 — Viksit Bharat $30–35T

Source: IMF · Government of India · Viksit Bharat @2047

Three Structural Tailwinds

This isn't a cycle. It's a structural shift.

Three irreversible forces are driving India's transformation — and they compound each other.

Manufacturing Surge

India's manufacturing targets $500B by 2030. PLI schemes across 14 sectors. $165B FDI committed. China+1 strategy permanently shifting global supply chains toward India. 1 in 4 iPhones now made here.

$500B
Mfg Target 2030
$165B
FDI in Manufacturing

Infrastructure & Energy

$140B logistics overhaul underway. 40% non-fossil energy capacity — 5 years ahead of schedule. $30B in hyperscale data centres. Defence budget $70B, highest ever. Defence exports up 14× in 7 years.

14×
Defence Export Growth
$30B
Data Centre Investment

Digital & Consumption

India processes 50% of global real-time digital transactions. 1.4B consumers. World's 3rd largest startup ecosystem. UPI, ONDC, and OCEN creating a digital financial infrastructure no other country has built at this speed.

50%
Global Real-Time Txns
#3
Startup Ecosystem
Global Capital Is Moving

Why everyone is looking at India.

01
NRI Capital Returning

NRI remittances $125B in FY24 — highest ever. Confidence in India's institutions at a multi-decade high. NRIs are no longer sending money home — they're investing it.

02
Demographic Dividend

Median age 28. Over 65% of population under 35. India adds more working-age people every year than the entire population of Australia.

03
Political & Macro Stability

Stable government with reform mandate. Forex reserves $650B+. Inflation controlled. Fiscal deficit on consolidation path.

04
Equity Market Depth

BSE market cap crossed $5T. NSE is the world's largest derivatives exchange. Domestic SIP flows $25B+ annually — reducing foreign volatility.

05
Formalisation of the Economy

GST formalised 65M+ businesses. UPI digitised payments for 300M+ people. India's informal economy is becoming investable at scale.

12 Sectors

India's Growth Pillars

Thesis-driven. Sector-agnostic. We invest where India's growth is most concentrated.

Infrastructure
🚚Logistics & Supply Chain
⚡Energy Transition & Solar
🏗️Hyperscale Data Centers
🛡️Defence & Aerospace
Manufacturing
🏭China+1 Manufacturing
🚗Future Mobility & EV
💻Semiconductors & Chips
💊Pharma & Biotech
Consumption
✈️Tourism & Hospitality
💎Luxury Retail & Brands
📱FinTech & Digital Finance
♻️Waste Management & Recycling
Don't Miss the Window

The entry point is now.

Historically, whenever the Nifty 50 falls 8–10% below its 200-day EMA, it signals an asymmetric buying opportunity — delivering multi-bagger returns over the following 24–36 months. We are in that window right now.

Explore the Fund →
The Fund

Disciplined process. Concentrated conviction. Long-term compounding.

Crescero invests in fundamentally strong, growth-oriented companies across India's listed and unlisted markets — selected through a rigorous three-stage research process.

Investment Process

Every investment earns its place.

A three-stage process with defined entry criteria, rigorous modelling, and pre-committed exit discipline.

01
Screen
Revenue growth >15%. Strong margins. No cash-burn. Management integrity & governance cross-checked against public disclosures. Any governance flag kills the deal.
02
Model
DCF valuation. Peer benchmarking across listed and global comparables. Bull/base/bear scenario analysis. Entry price discipline — we only invest when margin of safety is meaningful.
03
Exit
Pre-defined return targets: 12–36 month horizon. Immediate exit on financial deterioration or governance flags. The discipline of exit is as important as the discipline of entry.
Fund Commercials

The numbers.

Fund SizeUSD 10 Mn + USD 10 Mn Greenshoe
Fund TypeCategory II AIF · Close-Ended
Tenure5 Years from First Close (+2 yr)
DomicileGIFT City IFSC · Axis Bank IBU
Waterfall Distribution

You get paid first.
Always.

1

Return of Capital

All committed capital is returned to investors in full before any distribution to the manager.

2

Preferred Return — 10% p.a.

Investors receive a 10% per annum hurdle rate on capital deployed before any performance fee is triggered.

3

Profit Share

Remaining profits distributed after 20% performance fee to the manager. You capture the majority.

Investor Protections

Three protections most funds don't offer.

Currency Hedge

~2% p.a.
Hedging cost · Full INR/USD protection
All FX exposure actively hedged. You invest in USD, you receive in USD. The hedging cost is transparent — no hidden currency losses eating your returns.

Clawback Clause

>10% Returns
Only when you earn above hurdle
We only earn when you earn. Any investment loss is fully set off against our fee before any carry is computed. We bear the cost first.

Skin in the Game

10%
Maximum permitted by law — fully committed
We have invested 10% of the fund alongside you — the maximum co-investment permitted under IFSCA regulations. We are fully invested in this fund, not just managing it.
How to Invest

Joining Crescero is straightforward. Here is exactly how it works.

Designed for NRIs and foreign nationals. USD-denominated. No RBI approvals. No Indian bank accounts required.

Who Can Invest

Built for global investors.

Crescero is structured as a Category II AIF domiciled in GIFT City IFSC — designed to allow NRIs, OCIs, and foreign nationals to participate in India's growth without compliance friction.

🌏Non-Resident Indians (NRIs) — any country
🌍Overseas Citizens of India (OCIs)
🌐Foreign Nationals & Institutional Investors
🏛Family Offices & HNW Individuals globally
🏢Corporates & Trusts incorporated outside India
Minimum commitment: USD 150,000 · All investments USD-denominated
The Process

First conversation to first close — 2–4 weeks.

1
Initial Conversation

Schedule a 30-minute call. We walk you through the fund, answer your questions, assess fit. No obligation.

2
Documentation

Receive and review the PPM, Subscription Agreement, and KYC documentation. Our team guides you through every document.

3
KYC/AML Verification

Standard international KYC — passport, proof of address, source of funds. Handled digitally where possible.

4
Capital Deployment

Capital called in 4 tranches over 12 months. Your capital is deployed only when we have high-conviction positions ready.

FAQ

Questions we hear most often.

Do I need an Indian bank account?
No. All investments and distributions are in USD through the GIFT City IFSC structure. No Indian bank account is required.
Is there a lock-in period?
The fund is close-ended with a 5-year tenure, extendable by 2 years with investor approval. Early redemption is not available — this is a long-term investment vehicle designed for compounding.
How are returns repatriated?
Capital and returns are freely repatriated to your home country without requiring RBI approval. This is one of the key structural advantages of the GIFT City domicile.
What taxes will I pay?
Zero capital gains tax. Zero dividend tax. Zero interest tax within the GIFT City structure. Your home country's tax treatment of foreign fund income may apply — please consult your local tax advisor.
Who is the trustee?
Axis Bank IBU (International Banking Unit) acts as trustee and custodian. All fund assets are held independently of the investment manager — giving investors full asset protection.
What reporting will I receive?
Quarterly NAV statements, annual audited accounts, and regular investor updates on portfolio performance and market commentary.
Schedule Your First Call →
Our Team

The people behind every investment decision.

IIT Delhi. INSEAD. Chartered Accountancy. PwC. KPMG. We have managed capital through bull markets, corrections, tariff shocks, and geopolitical crises — and delivered alpha through all of them.

Fund Managers

The investment leads.

Ankur Gupta
Ankur Gupta
Co-Founder & Fund Manager
IIT Delhi (B.Tech) · INSEAD (MBA) · Experienced Investor
10+ years of hands-on capital markets experience. USD 3M+ AUM managed, generating consistent alpha across all conditions. Expert in DCF, fundamental analysis, and thematic investing across pre-IPO, listed, and growth equity.
Nischal Mittal
Nischal Mittal
Co-Founder & Fund Manager
CA & Lawyer · Ex-PwC · Ex-KPMG · MSME & ICAI Committees
Rare combination of legal, financial, and capital markets expertise. Years at the intersection of corporate law, financial advisory, and capital raising. Lead on deal structuring, governance evaluation, and investor relations. 400K+ digital following.
Investment Team

The research backbone.

RG
Rohit Gupta
Due Diligence & Risk Analysis
Chartered Accountant · 6+ Years · Capital Markets & Investigations
Specialises in investment due diligence, business valuation, and M&A deal structuring. Extensive experience in the end-to-end listing process for Indian companies — with rigorous risk analysis discipline on every position.
Garima
Garima Gupta
Equity Research & Financial Modelling
SRCC Graduate · Chartered Accountant · Ex-Deloitte
Leads financial modelling and valuation at Crescero. Background spans financial due diligence, identifying risks in complex transactions, and company valuation. Evaluates every investment through accounting quality and earnings sustainability.
Advisory Board

Experience at the highest level.

Research
Sunil Gulati
Consultant · Advisory Board
IIT Kanpur · IIT Delhi M.Tech · IIM Bangalore MBA · IIT Delhi PhD
Retired IAS officer. 30+ years in governance, finance, and economic policy — Special Chief Secretary, Additional Chief Secretary, Chief Vigilance Officer. Advises on regulatory frameworks, compliance, and capital market policy.
Research
Udit Agarwal
Consultant · Advisory Board
CA & Lawyer · Director, Jindal Capital Ltd · Founder, SMP Securities
Deep public markets and investment banking expertise. Director of Jindal Capital Ltd (listed) and Founder of SMP Securities — IPO underwriting and market-making. Provides deal flow, capital structuring, and listed markets intelligence.
GIFT City & Tax

Why the structure matters as much as the investment.

GIFT City is India's answer to Singapore and Dubai — a world-class international financial centre with zero tax on fund returns, global settlement currency, and full repatriation freedom.

Tax Advantages

Zero. Zero. Zero. Free.

Four structural advantages built into Crescero's GIFT City domicile.

01
Zero Capital Gains Tax
Capital gains on investments made through GIFT City AIFs are exempt from Indian capital gains tax — whether short-term or long-term. You keep your returns.
02
Zero Dividend & Interest Tax
Dividend income and interest income earned through the fund are tax-exempt within the GIFT City structure. No withholding tax at source on distributions.
03
USD Settlement — Global Friendly
Fully USD-denominated. Subscription, distributions, and reporting all in USD. No currency conversion required at the fund level. No Indian bank account needed.
04
Free Repatriation
Capital and returns freely repatriated to your home country without RBI approval. One of the most significant structural advantages for non-resident investors.

Tax treatment in your country of residence may vary. Please consult your local tax advisor regarding treatment of foreign fund income under your home jurisdiction's laws.

Direct vs GIFT City

Why not just buy Indian stocks directly?

FeatureDirect India InvestmentCrescero via GIFT City
Capital Gains Tax12.5–20%Zero ✓
Dividend TaxTaxableZero ✓
Currency RiskUnhedgedActively hedged ✓
RBI RepatriationApproval requiredFree repatriation ✓
Regulatory complexityHighSingle IFSCA framework ✓
Access to unlisted companiesVery limitedFull access ✓
Professional managementSelf-managedActive fund management ✓
Regulatory Framework

Built to the standards you expect.

IFSCA — India's equivalent of the FCA, MAS, or SEC for international financial services.

IFSCA Regulated

Unified regulator for all IFSC financial services — aligned with FCA, MAS, and SEC standards globally.

FATF Compliant

AML and KYC frameworks aligned to international FATF standards. No compliance surprises.

Independent Trustee

Axis Bank IBU holds all fund assets independently. Annual independent audit. Full investor protection.

Get in Touch

Let's talk about your India allocation.

Whether you're ready to commit or just beginning to explore, we are happy to have a no-obligation conversation. We work with investors across the Middle East, UK, US, Singapore, and beyond.

Reach Us

We respond within
24 hours.

🇸🇬
Singapore
+65-87671962
🇬🇧
United Kingdom
+44-7380517645
🇮🇳
India
+91-9354014454 · +91-9873749248
✉️
Email
ankur@thecrescero.com
What Happens Next
1.Within 24 hours — we contact you to schedule an intro call.
2.30-min intro call — we walk you through the fund. No commitment required.
3.Documentation — PPM and Subscription Agreement shared for review.
4.Onboarding — KYC digitally, capital called in tranches over 12 months.
Send an Enquiry

Start the
conversation.