Mirae Asset GIFT City Fund: India Equity & Global Allocation Funds

India’s GIFT City (Gujarat International Finance Tec-City) has rapidly become one of the most attractive financial hubs for global investors and NRIs seeking tax-efficient access to Indian and global markets.

Among the early global asset managers launching products here is Mirae Asset Investment Managers, offering both inbound and outbound investment strategies through GIFT City.

This guide explains the two flagship Mirae Asset GIFT City funds currently available:

• Mirae Asset India Equity Allocation Fund
• Mirae Asset Global Allocation Fund

We cover the investment thesis, structure, minimum investment, and eligibility so investors can evaluate whether these funds fit their global portfolio.

Why Invest Through GIFT City?

GIFT City functions as India’s International Financial Services Centre (IFSC), offering a regulatory and tax framework designed to attract global capital.

Key advantages include:

• Offshore-style tax incentives
• Unified regulator (IFSCA)
• Multi-currency investment environment
• Global capital flow access

It also allows investors to access Indian markets in USD, eliminating currency conversion friction for international investors.

Mirae Asset GIFT City Offering Overview

Mirae Asset launched its IFSC branch in 2023, with a dedicated investment and operations team focused on offshore investment solutions.

The platform currently offers:

This structure allows investors to allocate capital to India or diversify globally through one platform.

Mirae Asset India Equity Allocation Fund (Inbound Fund)

Investment Thesis

The fund provides long-term capital appreciation by investing in Indian equity mutual funds and ETFs.

It gives international investors exposure to India’s structural growth story, including:

• Manufacturing expansion
• Rising consumption
• Mid-cap and small-cap growth
• Domestic market leadership companies

India’s economy is expected to grow around 6.5% annually through 2027, making it one of the fastest-growing major economies globally.

Fund Structure

This fund is structured as a Category III Alternative Investment Fund under IFSC regulations and offered via private placement.

Key characteristics:

Asset Allocation Strategy

The portfolio can invest across:

• Large cap
• Mid cap
• Small cap
• Structural themes like manufacturing and consumption.

Minimum Investment

Minimum investment typically aligns with restricted scheme regulations above USD 150,000 for private investors.

Mirae Asset Global Allocation Fund (Outbound Fund)

Investment Thesis

While the India fund focuses on domestic growth, the Global Allocation Fund enables investors to diversify globally through ETFs tracking major global markets and themes.

The strategy focuses on:

• Artificial Intelligence
• Semiconductors
• Data centers
• Defense technology
• Global equities

These sectors represent some of the most disruptive long-term growth themes globally.

Fund Details

Minimum Investment

Additional investments must be made in multiples of USD 10,000.

Asset Allocation

Example Portfolio Exposure

Current exposure includes ETFs such as:

• S&P 500 ETF
• Global AI & Technology ETF
• MSCI China ETF
• Defense Tech ETF
• Semiconductor ETF
• Data Center Infrastructure ETF

This diversified structure helps spread risk across multiple geographies and sectors.

Who Can Invest in Mirae Asset GIFT City Funds?

Eligible investors include:

• NRIs
• Foreign nationals
• Foreign corporations
• Family offices
• Institutional investors

These funds are typically not available to retail Indian residents under standard subscriptions.

Key Benefits for Investors

Global Diversification

Investors can access both:

• India’s domestic growth
• global thematic opportunities

from one investment platform.

USD Denominated Investments

Investing in USD reduces currency conversion complexity for overseas investors.

Access to Structural Themes

Funds provide exposure to themes like:

• AI
• semiconductors
• defense technology
• consumption growth in India

Comparison of Mirae Asset GIFT City Funds

Who Should Consider These Funds?

These funds may be suitable for:

• NRIs seeking India exposure in USD
• Family offices building global portfolios
• Investors wanting thematic global diversification
• Institutions looking for offshore Indian equity access

Final Thoughts

The Mirae Asset GIFT City Fund platform reflects the growing role of India’s IFSC ecosystem in attracting global capital.

By offering both India-focused and global allocation strategies, Mirae Asset allows investors to:

• participate in India’s long-term growth
• diversify globally across emerging technologies
• invest through a regulated offshore structure.

For global investors and NRIs, GIFT City funds like these represent a compelling gateway to both Indian and international markets.

FAQs

What is the minimum investment in Mirae Asset GIFT City funds?

The typical minimum investment is around USD 150,000, although accredited investors may invest smaller amounts in certain structures.

Can NRIs invest in Mirae Asset GIFT City funds?

Yes. NRIs are among the primary target investors for these funds.

What is the difference between inbound and outbound GIFT City funds?

Inbound funds invest into India, while outbound funds invest outside India into global markets.

What currency are GIFT City funds denominated in?

Most IFSC funds are USD-denominated.

Are these funds regulated?

Yes, they are regulated by the International Financial Services Centres Authority (IFSCA).

What themes does the Global Allocation Fund invest in?

Key themes include:

• AI
• semiconductors
• data centers
• defense technology

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