The Mirae Asset Global Allocation Fund IFSC is simply a Category III Alternative Investment Fund (AIF) close-ended restricted scheme, focused connected providing semipermanent superior appreciation for investors. It is designed arsenic an outbound money that seeks to execute this extremity by investing successful a divers portfolio of world equity speech traded costs (ETFs) that are based connected wide marketplace indices and emerging themes.
Resident individuals tin put nether nan Liberalized Remittance Scheme (LRS) up to USD 250,000, while Family Offices and Institutions tin put via nan Overseas Portfolio Investment (OPI) route, up to 50% of their nett worth.
Mirae Asset Investment Managers (India), done its IFSC branch, has launched nan Mirae Asset Global Allocation Fund IFSC — a Category III AIF, close-ended and non-retail, nether IFSCA regulations. The money opens for subscription connected April 21, 2025, and targets semipermanent superior appreciation by investing 90–100% of its NAV successful world equity ETFs focused connected wide marketplace indices and emerging themes for illustration AI and semiconductors.
The money is located successful GIFT City, India’s world financial services hub, and seeks to raise USD 200 million, pinch an further greenish footwear action of different $200 million. The guidelines rate is US Dollar, and it's exclusively unfastened to accredited investors aliases those investing complete USD 151,000, capped astatine 1,000 investors. Resident individuals tin put nether nan Liberalized Remittance Scheme (LRS) up to USD 250,000, while Family Offices and Institutions tin put via nan Overseas Portfolio Investment (OPI) route, up to 50% of their nett worth.
According to Vaibhav Shah, Head of Products, Business Strategy & International Business astatine Mirae Asset, nan money offers a curated portfolio of world ETFs, helping investors diversify beyond Indian markets and use from world megatrends.
This offering follows a increasing inclination among money houses leveraging GIFT City’s IFSC framework. Mirae’s money intends to guidelines retired by combining its world ETF expertise pinch a focused thematic strategy successful developed and emerging markets, creating a compelling action for those seeking diversified, semipermanent growth.
Several Indian plus managers are progressively tapping into offshore finance opportunities via nan GIFT City route, offering investors entree to world markets done curated feeder structures and innovation-focused funds.
Similar costs person been introduced by WhiteOak Capital’s Global Innovation Fund, Aditya Birla Global Excellence Fund, and 360 ONE Asset’s world feeder structures, each aiming to pat offshore maturation while offering Indian investors regulated entree to world assets.
WhiteOak Capital’s Global Innovation Fund is system arsenic a Category III AIF nether IFSCA regulations and focuses connected disruptive world themes specified arsenic artificial intelligence, robotics, unreality computing, and biotechnology. It intends to connection semipermanent superior appreciation by investing successful a diversified handbasket of world equities aligned pinch innovation-driven sectors.
Aditya Birla Global Excellence Fund is positioned arsenic a world feeder fund, channeling investments into world communal money schemes that target companies pinch beardown leadership, sustainable competitory advantages, and world reach. This money provides Indian investors an opportunity to diversify beyond home markets and use from globally recognized companies.
360 ONE Asset’s world feeder structures likewise alteration high-net-worth individuals and family offices to entree world markets done cautiously selected offshore money linkages. These structures connection flexibility, diversification, and nan use of world plus guidance expertise.
Published on: Apr 22, 2025 7:02 PM IST