INFINITE CIRCLES

Investment vehicles

One strategy, multiple jurisdictions.

  • The strategy is available globally through multi-jurisdictional fund vehicles.
  • The vehicle depends on where the investor is domiciled.

By investor domicile

Three routes to the strategy

  1. Resident Indians and NRO account holders

    Fund vehicle
    Macro Transition Fund
    Structure
    SEBI registered Category III AIF
    Investment manager
    Infinite Circles Asset Managers LLP
    Availability
    India via private placements
    Strategy
    Long biased Indian equity
    Inception
    May 2026
    Base currency
    INR
    Minimum investment
    INR 1 crore
    Dealing
    Monthly subscriptions and redemptions
    Fund details

  2. Foreign nationals and NRIs

    Fund vehicle
    Prana India Equity
    Structure
    Luxembourg, UCITS SICAV
    Investment manager
    HSZ Group (HSZ Hong Kong Ltd)
    Investment adviser
    Infinite Circles Asset Managers LLP
    Availability
    Switzerland, UK, Singapore via public distribution
    Strategy
    Long only Indian equity
    Inception
    February 2025
    Base currency
    USD, CHF hedged
    Minimum investment
    USD 10,000
    Dealing
    Daily subscriptions and redemptions
    Fund detailsHSZ Group website

  3. Foreign nationals and NRIs

    Fund vehicle
    Tattva feeder into Dovetail DGCC, Cell 35
    Structure
    Mauritius, CIS platform
    Investment manager
    Dovetail Investment Management
    Investment adviser
    Infinite Circles Asset Managers LLP
    Availability
    US, UK, UAE, Singapore & Hong Kong via private placements
    Strategy
    Long biased Indian equity
    Inception
    September 2025
    Base currency
    USD
    Minimum investment
    USD 100,000
    Dealing
    Weekly subscriptions and redemptions
    Fund detailsDovetail website

The Macro Transition Fund is a scheme of Infinite Circles Investment Trust, a SEBI registered Category III Alternative Investment Fund, registration number IN/AIF3/25-26/2002; units are offered only by private placement to eligible investors in India. The offshore funds are managed by their respective investment managers under their own regulatory regimes, and their offering documents are provided by those managers. Availability depends on jurisdiction and investor eligibility. Further information is provided on request to investors eligible to receive it. This website does not constitute an offer to invest in any fund.

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