Serving India's leading families and NRI entrepreneurs with globally diversified mutual fund solutions — because 96% of wealth creation happens outside India.
India is 4% of the world's equity markets. Our clients are exposed to 100% of the opportunity.
Every investment decision accounts for the structural depreciation of INR against USD — approximately 4–5% per year for 15 consecutive years. A 12% INR return may be a 7% real return. We measure wealth in the currency you will spend it in.
True diversification means owning assets across currencies, geographies, and economic cycles. We target up to 50% global allocation for suitable clients — moving beyond Indian real estate and domestic equities into the world's best companies.
For NRI and globally mobile clients, we structure portfolios to eliminate US estate tax exposure through Irish UCITS wrappers, optimise DTAA benefits across Singapore, UAE and Switzerland, and ensure full FEMA and Schedule FA compliance.
We work with a select number of families and business owners. Our approach is direct and client-aligned — focused on your interests, not product distribution targets. Our distribution compensation is transparent and fully disclosed as required by SEBI/AMFI.
Access to international Fund of Funds and AMFI-registered schemes with global equity exposure. Structured under RBI's LRS framework — helping you diversify beyond India within a regulated framework.
Jurisdiction analysis across Singapore, UAE, Switzerland, and GIFT City. Estate tax elimination via Irish UCITS wrappers. Full FEMA compliance and Schedule FA guidance.
Distribution of SEBI-registered thematic and sectoral mutual funds across India's structural growth themes — Defence, Infrastructure, Healthcare, and more. General educational market context provided.
Converting idle FDs, savings accounts, and current accounts into tax-efficient arbitrage fund strategies — T+2 liquidity, 12.5% LTCG treatment after 1 year, and potentially better post-tax outcomes compared to FDs — subject to market risks.
Facilitating AMFI-compliant mutual fund investments for Non-Resident Indians — helping NRIs access Indian and international fund products within applicable regulatory frameworks.
General market education on global macro themes, sector trends, and mutual fund categories — prepared for informational purposes for our client community. Not investment advice.
General market education on global macro trends and thematic themes. For information purposes only — not investment advice.
The rupee has fallen every year without exception — +4.5% per year, silently eroding your global purchasing power. Here is what every Indian HNI needs to understand about USD assets.
Indian tax residents holding US-situs assets face 40% estate tax with only $60K exemption. How to deploy offshore capital through Singapore, UAE, and UCITS — safely and compliantly.
The AI boom has turned Seoul into the world's hottest equity market. Samsung and SK Hynix control 70% of global HBM memory supply. An educational overview of this global macro theme.
India's defence budget grew 9.5% in FY26. The Nifty Defence Index has outperformed Nifty 50 by 27 percentage points in 2026. An educational overview of this structural theme and relevant mutual fund options.
India's largest infrastructure capex cycle in history. Roads at 34km/day, railways, power and airports. An educational overview of this decade-defining theme and relevant mutual fund options.
India executes other countries' ideas — it assembles phones, copies medicines, and runs code. What this structural reality means for how you should allocate between India and global markets.
Every rupee in an FD or current account is taxed at your full income slab — up to 30%. Arbitrage funds have historically delivered comparable post-tax returns with T+2 liquidity. These are categorised as Very Low Risk by SEBI's riskometer, though all mutual fund investments are subject to market risks.
ARN 330497 · Valid until 03-Jun-2028
Serving HNI and NRI clients across India and internationally
Global banking experience across India and the United Kingdom
Full tax, FEMA, and compliance support capability in-house
Connect with us for a no-obligation discussion about mutual fund solutions suited to your financial goals and risk profile.
Request a Consultation →As required under SEBI circular SEBI/IMD/CIR No. 4/168230/09, the following are details of commissions earned by AZDE Financial Services LLP (ARN 330497, valid until 03-Jun-2028) from Asset Management Companies whose mutual fund products are distributed. These commissions are paid by the AMCs out of the Total Expense Ratio (TER) and represent no additional charge to investors.
| Type of Fund | First Year Trail (%) | Second Year Onwards Trail (%) |
|---|---|---|
| Equity | 0.067 – 1.6 | 0.067 – 1.7 |
| Debt | 0.036 – 1.1 | 0.036 – 1.2 |
| Hybrid | 0.12 – 1.6 | 0.12 – 1.7 |
| Arbitrage | 0.15 – 1.27 | 0.15 – 1.28 |
| Liquid | 0.01 – 0.68 | 0.01 – 0.69 |
| FoF (Domestic) | 0.08 – 0.678 | 0.08 – 0.679 |
| FoF (Overseas) | 0.13 – 0.932 | 0.13 – 0.933 |
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS. READ ALL SCHEME-RELATED DOCUMENTS CAREFULLY. The commission figures above represent the range paid by AMCs to AZDE Financial Services LLP for distribution of their mutual fund products. These commissions are paid by AMCs out of the Total Expense Ratio (TER) of the schemes and do not represent any additional charge to investors. Actual commissions earned may vary depending on the scheme, AMC, and assets under management.
Every year, the rupee quietly erodes 4–5% of your wealth's global value. Your portfolio statement grows in INR — but in real global purchasing power terms, you may be falling behind. A 12% INR return is approximately 7% in USD terms after currency drag. Real estate yielding 8–10% in INR may actually deliver only 3–5% in real global purchasing power.
USD/INR has moved from ₹54 in 2012 to ₹94 in 2026 — a 74% depreciation over 14 years. This is not a recent or reversible event. It is a structural one-way trend. Every USD asset you hold earns this tailwind before any underlying return begins.
⚠ Past performance is not indicative of future returns. Currency movements can work both ways. This is general market education only.
Contact AZDE to begin building USD-denominated wealth through the RBI LRS framework.
Get in Touch →Indian tax residents holding US-situs assets at death face US federal estate tax at rates up to 40% — with a non-resident alien (NRA) exemption of only USD 60,000, versus USD 13.61 million for US citizens. On an USD 800,000 US brokerage portfolio, your heirs could permanently lose USD 273,800 — approximately ₹2.28 crore — to estate taxes and probate costs alone.
Irish-domiciled UCITS ETFs that hold US equities are not US-situs assets. Situs follows fund domicile (Ireland), not the underlying holdings. Heirs receive the full portfolio value, subject only to Indian capital gains tax at applicable rates. Liquidity: T+2. Estimated total saving on an $800K portfolio: USD 273,800.
All foreign assets must be disclosed in Schedule FA of Indian ITR annually. Full Schedule FA disclosure is non-negotiable and consistent with CRS reporting. Singapore, UAE, and Switzerland all automatically exchange financial data with India under CRS.
This is general educational information about offshore investment frameworks. Always consult a qualified tax and legal adviser before making cross-border investment decisions.
Get in Touch →The AI boom has turned Seoul into the world's hottest equity market. The KOSPI gained almost 2× in 2026 alone, driven almost entirely by two chipmakers: Samsung and SK Hynix. Known as the "Twin Towers of Korea", they control roughly 70% of the entire KOSPI index and roughly 70% of global HBM (High Bandwidth Memory) supply.
Running large AI models requires HBM — an ultra-fast chip that Samsung and SK Hynix dominate globally. AI data centre demand multiplied worldwide, causing the shortage to last until at least 2027. Prices rose 90% in a single quarter, while chip volumes sold rose 20%.
Samsung dominates 70% of index gains — a single-country index concentrated in two companies. China (CXMT) is building domestic HBM capacity. Diversification via global funds and ETFs is the sensible approach.
Talk to AZDE about accessing global equity themes through compliant international ETF structures.
Get in Touch →India's defence budget reached INR 6.81 lakh crore in FY26 — a 9.5% year-on-year rise — with 75% of the modernisation outlay earmarked for domestic manufacturers under the Atmanirbhar Bharat policy. Post Operation Sindoor, the Nifty India Defence Index significantly outperformed the broader Nifty 50 in 2026. Export targets stand at INR 50,000 crore by 2029.
Government-mandated domestic procurement, a multi-year defence budget growth trajectory, and an expanding export programme create a long-duration structural theme within the Indian equity market. The sector spans aerospace, naval shipbuilding, electronics, missiles, and precision engineering.
Sector-specific mutual funds focusing on India's defence and allied industries allow investors to participate in this theme through a diversified, professionally managed portfolio rather than direct equity selection. HDFC Defence Fund is one example of a SEBI-registered scheme in this category (AUM: INR 7,305 Cr as of May 2026). Investors should read the Scheme Information Document (SID) and Key Information Memorandum (KIM) carefully and consult their financial goals before investing.
⚠ Past performance (~38% inception CAGR) is not indicative of future returns. This is general market education. AZDE Financial Services LLP does not recommend specific securities.
Contact AZDE to build a structured allocation to India's defence growth sector — direct stocks or funds.
Get in Touch →India has committed the largest infrastructure capex in its history — INR 12.2 lakh crore in FY26-27 alone. National highways are being built at 34 km/day. Railway capex stands at INR 2.65 lakh crore. Power grid capacity must nearly double by 2030 to absorb renewable energy. Over 9,200 NIP projects are active with a pipeline of INR 111 lakh crore.
AZDE builds structured exposure to India's infrastructure growth sector for HNI and business owner clients.
Get in Touch →R&D spend measures how much a country invests in discovering genuinely new things. Countries that do this own the future. Countries that don't, serve it. India innovates almost nothing at the global frontier. It assembles Apple's phones. It copies expired medicines. It executes other countries' code. This gap will not close in the next 10 years — and it is the most important context for every portfolio decision.
India domestic themes: Population-driven sectors — Infrastructure, Defence, Healthcare, and financial services — are real and growing. These are not dependent on India's innovation output; they are driven by the needs of 1.44 billion people. Domestic equity mutual funds with thematic focus on these sectors are available within the regulated AMFI framework.
Global diversification theme: The RBI Liberalised Remittance Scheme (LRS) permits Indian residents to invest up to $250,000 per person per year in overseas assets. International Fund of Funds registered in India, and direct LRS-based investing, allow access to global market themes including technology and healthcare — along with the potential benefit of the historical INR/USD depreciation trend (~4.5%/year over 15 years). Note: currency movements can work both ways.
⚠ This is general market education. Not a recommendation to invest in any specific fund or security. Please consult your financial goals and risk profile.
₹1 crore invested in India in 2015 at 12% p.a. = ₹3.1 crore on your statement in 2025. In USD terms: $3,57,000. A US index fund on the same ₹1 crore: $5,00,000. The difference — ₹1.2 crore of additional global wealth you did not earn.
AZDE's philosophy is built on this insight. Let us show you a globally balanced portfolio strategy.
Get in Touch →An arbitrage fund simultaneously buys shares on NSE/BSE at the cash market price and sells the same shares in the futures market at a slightly higher price — seeking to capture a typically narrow, pre-determined spread that may closely track short-term rates. Returns are subject to market risks and are not guaranteed. SEBI classifies arbitrage funds as equity funds — taxed at just 12.5% LTCG after one year, not at your full income slab.
On ₹1 crore over 5 years, an arbitrage fund puts ₹9.1 lakh more in your pocket than an FD or bank account — purely from tax efficiency. That is money sitting idle, being silently taxed away.
Suitable for corpus from ₹25 lakhs upwards. T+2 liquidity. Zero lock-in. Zero penalties.
⚠ Past performance is not indicative of future returns. Mutual Fund investments are subject to market risks. Read all scheme-related documents carefully before investing.
AZDE helps business owners move buffer cash out of FDs into tax-efficient arbitrage strategies.
Get in Touch →