Mirae Asset Investment Managers (India) Pvt. Ltd. IFSC branch launches Mirae Asset Global Allocation Fund IFSC at Gift City

Invest Across Global Themes and Companies with Mirae Asset Global Allocation Fund IFSC at Gift City

Aiming for Long-term capital appreciation through Global ETFs

Key Highlights:

• Global Diversification: Aiming to reduce single-country risk by spreading investments across developed and emerging markets.


• High-Growth Themes: Access to innovative sectors like AI, semiconductors etc which may drive future growth.


• Currency Advantage: Potential benefits from the historical INR depreciation against USD, which could enhance returns for USD-denominated assets.

Gandhinagar/Mumbai, April 21, 2025: Mirae Asset Investment Managers (India) Pvt. Ltd. IFSC branch is pleased to announce the launch of the Mirae Asset Global Allocation Fund IFSC, a Category III Alternative Investment Fund (AIF) close-ended restricted scheme (non-retail) under the IFSCA (International Financial Services Centers Authority) Fund Management Regulations. Positioned as an outbound fund, this offering is designed to seek long-term capital appreciation for investors by potentially investing in a diversified portfolio of global equity exchange traded funds (ETFs) based on broad market indices and emerging themes. Resident Individual Investors can invest through the Liberalized Remittance Scheme (LRS) upto a limit of USD250,000 while Family Offices and Institutions can invest though the Overseas Portfolio Investment (OPI) route upto a limit of 50% of their Net Worth.

Located at Gift City, India’s premier international financial services hub, the Mirae Asset Global Allocation Fund IFSC targets a corpus of USD 200 million, with an additional green shoe option of USD 200 million. It is exclusively available to accredited investors or those committing a minimum subscription of above USD 151,000 with a cap of 1,000 investors as per IFSCA regulations. The fund’s base currency is USD, and it will be managed by Mirae Asset Investment Managers (India) Pvt. Ltd. IFSC Branch.

The fund will open for subscription on April 21, 2025.

Mirae Asset Global Allocation Fund aims to pursue opportunities in global markets by allocating 90 to 100% of its net asset value (NAV) to global ETFs across various jurisdictions, focusing on developed markets (US and China Markets), and key emerging themes (AI, Semiconductor).

Vaibhav Shah, Head of Products, Business Strategy & International Business, Mirae Asset Investment Managers (India) Pvt. Ltd., said, "Our latest offering is designed to provide investors, (predominantly resident investors) an avenue to take exposure in global markets and promising themes (AI, Semiconductor) through GIFT City investing route. Investors can invest in these funds within the LRS limits of 250K per person per financial year. We have seen that by spreading investments across global markets and themes, investors are able to generate better risk adjusted returns and diversify their investments beyond the home country. We would like to leverage our expertise and global presence to create a curated bucket of Global ETFs which can create long term capital appreciation for Investors."