Mirae Asset Launches Global Allocation Fund to Tap AI and Semiconductor Growth
Mirae Asset has offered its latest investment — Mirae Asset Global Allocation Fund IFSC. The fund is introduced through the company’s IFSC branch in GIFT City. It is designed to help Indian investors diversify globally, targeting long-term capital appreciation. It is exposed to high-growth areas such as artificial intelligence (AI) and semiconductors by investing in Global Exchange Traded Funds (ETFs).
This fund will allocate 90–100% of its net asset value to global ETFs. These ETFs track broad market indices and innovation driven sectors. The target markets include the United States, China, and other developed economies.
The scheme is regulated by the International Financial Services Centres Authority (IFSCA). It is classified as a Category III Alternative Investment Fund (AIF). It is a close-ended fund, which is only open to recognized investors or individuals who invest more than $151,000.
Diversification and innovation
The main advantage of this fund lies in its ability to provide true global diversification. By spreading investments in international markets, it reduces country-specific risk and increases risk-adjusted returns.
Investors also gain access to futuristic sectors such as AI and semiconductors — industries expected to lead global innovation and economic expansion.
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There is also a possibility of currency benefit. Since the investment is made in USD-denominated assets, the historical depreciation of the INR against the USD may increase long-term returns.
Investment details and eligibility
The minimum investment for the fund is $151,000, and subscriptions open on April 21. The fund targets a corpus of $200 million with an additional green shoe option of $200 million.
As per IFSCA regulations, the number of investors is capped at 1,000.
Resident individuals can invest through the Liberalised Remittance Scheme (LRS) with a yearly limit of $250,000. Institutions and family offices can invest through the Overseas Portfolio Investment (OPI) route, up to 50 percent of their net worth.
