Marcellus Investment Managers has launched a new global equities fund through its GIFT City platform, offering Indian retail investors exposure to overseas stocks amid growing demand for international diversification.The Marcellus Global Equities Fund will open for subscription on June 8 and close on June 19. The fund will invest in global companies linked to four major themes — defence and aerospace, power generation, artificial intelligence-led capital expenditure and luxury consumption.The launch comes at a time when Indian investors are increasingly seeking overseas exposure after years of strong domestic market returns and amid concerns around concentration risk in local portfolios.The fund has been launched through Marcellus' GIFT City entity regulated by the International Financial Services Centres Authority (IFSCA). It allows Indian residents to invest in dollar-denominated assets without having to remit money overseas individually.The scheme requires a minimum investment of $5,000, with additional investments starting from $2,000. It has no lock-in period, though redemptions within 24 months will attract a 2% exit load.Marcellus founder Saurabh Mukherjea said Indian investors have traditionally accumulated wealth in rupee-denominated assets even as many of their future expenses and aspirations are increasingly linked to the global economy."Most Indian investors have built their wealth entirely in rupee-denominated assets, even as their aspirations — foreign education, global travel, luxury goods and technology — are priced in dollars," Mukherjea said.The fund will focus on what the company describes as "global compounders" and businesses positioned to benefit from long-term structural trends.Arindam Mandal said the investment opportunity is being driven by rising defence spending, growing power and data infrastructure requirements linked to artificial intelligence, and the enduring strength of premium global consumer brands.Marcellus cited historical data to support the case for overseas diversification. According to the firm, an annually rebalanced portfolio equally split between Indian and US equities has historically delivered higher returns with significantly lower volatility than either market in isolation.The launch also comes as global investing gains traction among Indian investors despite regulatory limits on overseas mutual fund investments. Industry participants have increasingly turned to GIFT City structures to provide access to international assets while operating within a domestic regulatory framework.Marcellus said onboarding for the fund will be fully digital and require only PAN and Aadhaar details, without the need for investors to maintain a separate bank account in GIFT City.The fund will charge a total expense ratio of 2% annually and will offer daily net asset value disclosures. Investors will also have the flexibility to redeem investments in foreign currency.The launch adds to a growing list of global investment products being offered through GIFT City as asset managers seek to tap rising investor interest in international diversification and dollar-denominated wealth creation.