Mirae Asset Investment Managers (India) Pvt. Ltd. has launched the Mirae Asset Global Allocation Fund IFSC, a Category III Alternative Investment Fund (AIF), through its IFSC branch at GIFT City. The close-ended restricted scheme is registered under IFSCA regulations and is positioned as an outbound investment option focussing on global equity exchange traded funds (ETFs).

The fund aims to deliver long-term capital appreciation by investing in ETFs tracking broad global indices and high-growth sectors such as artificial intelligence and semiconductors. It targets developed markets like the US and China and plans to allocate 90–100% of its net assets to international ETFs.

The fund seeks to raise USD 200 million, with a green shoe option of another USD 200 million. Subscriptions opened on April 21, 2025, and are limited to 1,000 investors. Eligibility is restricted to accredited investors or those investing above USD 151,000.

Indian resident individuals may invest through the Liberalised Remittance Scheme (LRS) up to USD 250,000, while family offices and institutions can invest via the Overseas Portfolio Investment (OPI) route up to 50% of their net worth.

Vaibhav Shah of Mirae Asset noted the fund provides Indian investors with a global diversification route through GIFT City, enabling exposure to key international themes and markets via a curated portfolio of ETFs.