All investors or prospects are required to submit their information for KYC or AML or CFT compliance for transparency in financial dealing and prudent risk management
• KYC Policy includes below key elements:
• (a) Customer Acceptance Policy(CAP);
• (b) Customer Identification Procedures (CIP);
• (c) Implementation, Compliance and Ongoing Due Diligence
The total amount of foreign exchange purchased from or remitted through all sources in India during a financial year should be within the cumulative limit of USD 250,000, on account of both current account transactions and capital account transactions. Once a remittance is made for an amount up to USD 250,000 during the financial year, it is not allowed to make any further remittances under LRS, even if the proceeds of the investments have been brought back into the country. Indian resident individuals can open, maintain and hold foreign currency accounts with a bank outside India for making remittances under LRS without prior approval of the RBI.In light of this information, with an objective to optimize the cash flows of foreign currencies, it is prudent to utilize the available LRS limits before 31st March 2023 for the financial year 2023, and before 1st Jul 2023 for the financial year 2024 FY.
We recommend investors consult their tax adviser. Investors will be provided copies of Schedule K-1/tax return which will include their share of the partnership’s income or loss on their investment. Investors can use these documents to file their tax returns.
Our Due Diligence and Investment management are done on three levels. (1) Onboarding – We do a detailed Investee partner diligence with multiple top management engagements/meetings, site visits, past track record analysis and third-party channel checks are done before onboarding a new partner. (2) Pre-Deal Closure – We curate the best deals which fit our investment thesis through our Investee Partner portfolio. We do detailed financial and commercial due diligence including rationalization of the financial projections and product and market fit which combines with our management analysis and becomes an integral part of our investment assessment. (3) Post-Deal Closure – After the closure, we manage the investment via performing monthly calls, quarterly performance evaluations and annual visits.
MaGiC balances the requests investors have for sensitive and confidential information of portfolio companies with the confidentiality that portfolio companies and their Boards understandably demand.
As of now overseas investments are made in US dollars and Indian investments in INR, Please ensure the account used to fund your investments is able to make US dollar transactions.
Equity investments are high-risk investments and as such call for sophistication and knowledge and adequate risk appetite to understand, assimilate and manage risk,
Global individuals, partnerships, trusts, and companies can invest with MaGiC.
Magic for all practical purposes refers to Magic USA, a company incorporated in the United States of America. It is important to note that the term 'Magic' in this context refers specifically to Magic USA and not to any other company or entity. Please refer to our regulatory declaration, disclosure, or FAQ for more information about Magic USA and our services.
It is simple and free to sign up on the MaGiC website and begin accessing our deal flow. Once your investment account is set up, you’ll have full access to information about the deals available to accredited investors.
MaGiC will bring deals from around the world across domains and geographies and currencies and categories so that investors have access, choice and opportunity to build a diversified and hedged investment portfolio in Private Equity and Public Markets. MaGiC curates the deals by investing relationship building and risk management skills with a view to optimize return on equity for any given risk.
