Fund is a close-end, non-retil scheme. This global equity seeks long -term capital praise by investing in ETFs.
These ETFs are based on comprehensive indices and emerging subjects such as artificial intelligence and semiconductor.
This fund is based on the International Financial Hub in Gift City, India. Its purpose is a $ 200 million green shoe option of $ 200 million.
Membership was opened on Monday, April 21, 2025.
Investors can come in contact with global markets and bring diversity beyond domestic equity. This fund will allocate 90–100% of its NAV, which will be mainly in the US and China markets in the global ETFs.
The minimum membership amount is $ 151,000. The fund is overshadowed by 1,000 investors and is available only to recognized investors. Residents can invest through Liberalized Remedy Scheme (LRS), up to USD 250,000 per year.
Family offices and institutes can use foreign portfolio investment (OPI) route, up to 50% of their net value.
The fund is depicted in dollars and will be managed by the IFSC branch of Mirae Asset.
Vaibhav Shah, head of business strategy and international trade, said, “This allows fund resident investors to reach global markets and promise the theme through the city. Spreading investment globally can help generate better risky returns.”
Mirae Asset opened its IFSC branch in 2023. It already manages ~ $ 300 million in UCITS Fund and launched its first inbound funds last year, targeting global investors.
