IDFC Asset Management, the asset management arm of Indian financial services group IDFC, has launched a new India-focused fund in collaboration with its Luxembourg-based affiliate, Natixis Global Asset Management.

The IDFC India Equities Fund records $14 million in assets under management as at December 2012 and uses an all-cap strategy that takes advantage of the long term growth trends in the Indian economy. Part of NGAM's Natixis International Funds (Lux) I SICAV, it is designed to invest in a portfolio of 35 to 45 stocks of leading local firms and business models with growth potential. 

IDFC Asset Management has $5.5 billion in AuM as at 31 December and manages a range of funds across debt and equity asset classes. Natixis Global Asset Management, which is headquartered in Paris and Boston, records an AuM of around $734 billion (as at 30 September 2012).