{"id":1251,"date":"2026-04-30T08:15:59","date_gmt":"2026-04-30T08:15:59","guid":{"rendered":"https:\/\/iqeq.com\/in\/case-studies\/co-creating-a-compliant-evergreen-fund-for-medium-term-investing-in-india\/"},"modified":"2026-04-30T08:16:00","modified_gmt":"2026-04-30T08:16:00","slug":"co-creating-a-compliant-evergreen-fund-for-medium-term-investing-in-india","status":"publish","type":"case_study","link":"https:\/\/iqeq.com\/in\/case-studies\/co-creating-a-compliant-evergreen-fund-for-medium-term-investing-in-india\/","title":{"rendered":"Co-creating a compliant evergreen fund for medium-term investing in India"},"content":{"rendered":"<section class=\"text-block standard-spacing  \">    <div class=\"container fade-in\">\n                    <\/div>\n<\/section>\n\n<section class=\"text-block standard-spacing  \">    <div class=\"container fade-in\">\n        <p class=\"pre-header\">Case study<\/p>\n<h2>The client, their challenge<\/h2>\n<p>A global investment manager engaged\u00a0IQ-EQ\u00a0to help design a compliant evergreen fund enabling sophisticated investors to access medium-term listed securities in India.<\/p>\n<p>The client required a fund vehicle that would:<\/p>\n<ul>\n<li>Enable ongoing subscriptions, allowing investors to subscribe at any time<\/li>\n<li>Encourage deferred redemptions, aligning investor behaviour with a medium-term investment strategy<\/li>\n<li>Remain fully compliant with the Mauritius Financial Services Commission (FSC) framework<\/li>\n<\/ul>\n<p>Under Mauritius law, Collective Investment Schemes (CIS) must permit redemptions at the request of investors. As a result, redemption restrictions cannot undermine an investor\u2019s statutory right to exit.<\/p>\n<p>However, the fund\u2019s investment strategy relied on investors remaining capitalised for a minimum holding period. This created a clear tension between regulatory redemption rights and the client\u2019s preferred medium-term investment model.<\/p>\n<p>A traditional closed-end fund (CEF) was also unsuitable, as CEFs typically restrict ongoing subscriptions and investor-driven liquidity, both critical requirements for the client\u2019s evergreen strategy.<\/p>\n<h2>Our solution<\/h2>\n<p>Following a detailed regulatory assessment, we proposed structuring the vehicle as a CIS complemented by an early-redemption charge mechanism.<\/p>\n<p>This principle-based structure:<\/p>\n<ul>\n<li>Preserves investors\u2019 legal right to redeem at any time, ensuring full FSC compliance<\/li>\n<li>Introduces an economic disincentive for early redemption, naturally supporting the fund\u2019s medium\u2011term investment horizon<\/li>\n<li>Enables continuous subscriptions and capital inflows, essential for a scalable evergreen model<\/li>\n<\/ul>\n<p>This solution balanced regulatory compliance with commercial objectives, allowing the client to achieve their investment goals without compromising investor rights or structural integrity.<\/p>\n<h2>Results<\/h2>\n<p>With IQ-EQ as trusted partner, the client successfully launched a hybrid evergreen fund that combines investor flexibility with the discipline required for a medium-term investment outlook.<\/p>\n<p>Today, we continue to support the fund through a comprehensive suite of services, including:<\/p>\n<ul>\n<li>Fund administration<\/li>\n<li>Regulatory compliance<\/li>\n<li>Accounting and reporting<\/li>\n<li>Tax and legal support<\/li>\n<\/ul>\n<p>This end-to-end support ensures the vehicle remains fully aligned with FSC requirements throughout its lifecycle while delivering a robust evergreen investment platform.<\/p>\n<p><strong>Looking for similar support? <\/strong><a href=\"https:\/\/iqeq.com\/make-an-enquiry\/\"><strong>Get in touch<\/strong><\/a><strong> to talk about structuring and servicing compliant evergreen funds across international markets.<\/strong><\/p>\n            <\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":1252,"menu_order":0,"template":"","expertise":[20],"service_category":[],"class_list":["post-1251","case_study","type-case_study","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Evergreen Fund Structure in Mauritius | CIS Solution<\/title>\n<meta name=\"description\" content=\"Designing a Compliant Evergreen Fund structure in Mauritius for a global investment fund\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/iqeq.com\/in\/case-studies\/co-creating-a-compliant-evergreen-fund-for-medium-term-investing-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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