Ascent Group receives regulatory approval to operate in India’s Gujarat International Finance Tec-City (“GIFT City”) International Financial Centre.
GIFT City is a multi-service Special Economic Zone (SEZ) with an International Financial Services Centre (IFSC), this being India’s first Offshore financial centre. In addition, the Gujarat International Finance Tec-City in Gandhinagar, Ahmedabad, Gujarat, is India’s first and only authorized IFSC.
Ascent Group is a global fund administration company with a presence in over 15+offices with a team size of 200 + domain experts providing customized solutions through robust technology platforms. We act as a One-Stop Solution by offering support to fund managers at each stage during the fund’s life cycle, viz., entity incorporation, investor onboarding, capital drawdown, investments, exits and distribution of proceeds, and managing the fund’s regulatory compliances. Ascent Groups further growth in India is bolstered with this approval.
Our service offerings aim to reduce fund managers’ administration burden and enhance operational efficiencies. An experienced team of professionals helps to develop and further standardize processes to mitigate operational risks. Updated knowledge related to regulatory requirements, shared operational best practices, and used the latest technology to provide timely and accurate solutions to clients.
We specialize in assisting with entity incorporation related to Investment manager/sponsor, secretarial, and accounting services. In addition, we redefine the administration services related to fund setup support, investor services, KYC, FATCA/CRS services, portfolio accounting, and audit support, managing regulatory compliances by operating in a digital environment and leveraging the latest technology, thereby establishing Ascent as a Truly Fintech Fund Administrator.
Swift and Seamless digital onboarding of overseas investor
- Seamless investor onboarding using digital platforms
- AML, World check, Internet search & Risk matrix
- Digital signing of Subscription Agreement for the overseas investor.
- Fund-related real-time information
- Investor-friendly portals
- Regulatory Compliance
- Tax Compliance
- FATCA / CRS
Ascent using international fund accounting software PFS–PAXUS that supports Multi-Currency & Multi-Asset class funds.
These greater capabilities, enables us to partner with fund managers to build great relationships with their investors. Data security and Client confidentiality are paramount and critical attributes of our service offerings.
ASCENT Group understands the pace of advancement of technology in the AIF industry and recognizes how essential it is for asset managers and fund investors. Therefore, we stay focused on anticipating changes, adapting to them, and implementing strategies to achieve excellence. This way, we are best positioned to keep up with the dynamic nature of the alternative investment industry.
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