Synopsis of Mirae Asset Global Allocation Fund IFSC
Mirae Asset Global Allocation Fund IFSC is a Category III AIF that targets global ETFs across various themes including AI and semiconductors.
Mirae Asset Global Allocation Fund IFSC
A Global ETF Allocation Fund for Long-term Capital Appreciation
| Key Features | Investment Options | Investment Limits |
|---|---|---|
| Target Corpus | $200M | Accredited investors, Minimum subscription of $151,000, 1,000 investors |
| Base Currency | USD | Managed by Mirae Asset Investment Managers (India) Pvt. Ltd. IFSC Branch |
- Resident individual investors can invest through Liberalized Remittance Scheme (LRS) upto a limit of USD 250,000
- Family offices and institutions can invest through Overseas Portfolio Investment (OPI) route upto a limit of 50% of their net worth
Investment Strategy
Global ETF Allocation
90 to 100% Net Asset Value Allocation to Global ETFs
Developed Markets (US, China) and Emerging Themes (AI, Semiconductors)
Objectives
Reduce Single-Country Risk, Diversify Investments, and Generate Long-term Capital Appreciation
“Our latest offering is designed to provide investors, predominantly resident investors, an avenue to take exposure in global markets and promising themes through GIFT City investing route. Investors can invest in these funds within the LRS limits of 250K per person per financial year,” said Vaibhav Shah, Head of Products, Business Strategy & International Business, Mirae Asset Investment Managers (India).
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