A GIFT CITY Domiciled Cat II AIF (FoF) follows a passive investment approach, mainly investing in units of the ARGA Emerging Market Equity Fund, while maintaining liquidity. It employs a disciplined investment process, with a portfolio constructed from a quantitative and qualitative analysis of companies that are fundamentally undervalued. The strategy includes a bottom-up stock selection process informed by comprehensive research, including environmental, social, and governance (ESG) considerations.