Apex Group, the leading global financial services provider, has been appointed by Nippon Life India Asset Management – the fourth largest asset management company in India – to provide fund administration services in the GIFT City, India. The strategic appointment further underscores Apex Group’s commitment to the Indian market having launched a GIFT City location last year.
The news follows Nippon Life India Asset Management’s recent announcement that it has launched “Nippon India ETF Nifty 50 BeES GIFT” fund targeting Japanese Investors. This is a feeder fund into Nippon India ETF Nifty 50 BeES, which is the oldest and first ETF in India investing in the top 50 companies in India based on market cap.
Nissay Asset Management Corporation, Japan, a wholly owned by Nippon Life Insurance Company, has launched Nissay India Equity Fund in Japan which will feed into “Nippon India ETF Nifty 50 BeES GIFT” fund. This innovative equity fund is designed to offer Japanese investors a unique opportunity to access India’s rapidly growing market by investing in exchange-traded funds (ETFs) that track the Nifty50 Index, representing India’s top 50 companies
Akshay Thakurdesai, Country Head India and Global GSC Head at Apex Group, said:
“In the first quarter of 2025, we have continued to see strong organic growth and increasing client demand for our solutions in GIFT City markets We are extremely pleased that Nippon Life India has appointed Apex Group as its new fund administrator, with today’s announcement demonstrating the firm’s continued commitment to driving forward its GIFT Franchise for meaningful, positive change.
“We attribute our success to our extensive global market experience, the expertise of our dedicated business team and highly experienced fund accounting professionals in GIFT City Team. This achievement reinforces our commitment to excellence and our unwavering dedication to supporting our clients' growth and success on a global scale.“
Media contact:
Chanel Townsend +447391 046 830
About Apex Group
Apex Group is dedicated to driving positive change in financial services while supporting the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the industry through its investment in innovation and talent.
Today, Apex Group sets the pace in fund and asset servicing and stands out for its unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals.
Apex Group leads the industry with a broad and unmatched range of services, including capital raising, business and corporate management, fund and investor administration, portfolio and investment administration, ESG, capital markets and transactions support. These services are tailored to each client and are delivered both at the Group level and via specialist subsidiary brands.
The Apex Foundation, a not-for-profit entity, is the Group’s passionate commitment to empower sustainable change.
