Mirae Asset Global Allocation Fund: Your Gateway to Global Investing
Unlock Global Growth with a Disciplined, Tax-Efficient Strategy
Looking to invest beyond Indian markets? The Mirae Asset Global Allocation Fund offers Indian and NRI investors a structured pathway to a professionally managed global portfolio. This close-ended Alternative Investment Fund (AIF) based in GIFT City is designed for long-term wealth creation with significant tax advantages.
Key Benefits for the Indian Investor:
- Global Diversification: Access high-growth international markets like the US, China, and Taiwan through a portfolio of overseas Equity ETFs.
- Focus on Future Themes: Invest in cutting-edge sectors driving global growth, including Artificial Intelligence (AI) and Semiconductors.
- Tax-Efficient Structure: As a GIFT City fund, it is exempt from Indian capital gains tax and dividend distribution tax. You are taxed as per your country of residence.
- Disciplined Approach: The 3-year fixed tenure (extendable to 5) enforces a disciplined investment strategy, helping you stay committed through market cycles.
- Transparent Governance: With a weekly declared NAV and oversight by Axis Trustee Services, you can track your investment’s performance with clarity.
Investment Details at a Glance
- Fund Type: Close-ended Category III AIF (IFSCA regulated)
- Tenure: 3 years from final close (extendable by 2 years with investor approval)
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Minimum Investment:
- Standard: USD 151,000
- For Accredited Investors: USD 10,000 . Read How to be come Accredited Investors
- Eligible Investors: Resident Indian individuals, NRIs, Family Offices, Institutions.
A Guide for Indian Residents: Using LRS and Understanding TCS
For Indian residents, investing in this fund is done via the RBI’s Liberalized Remittance Scheme (LRS).
- What is LRS? It allows you to remit up to USD 250,000 per financial year abroad for investments.
- Understanding TCS: A Tax Collected at Source (TCS) of 20% applies on LRS remittances exceeding INR 10 lakh (as per latest union budget). It’s crucial to remember that TCS is not an additional tax. It is an advance payment that you can adjust against your final income tax liability and claim a refund for while filing your ITR.
Who Is This Fund For?
The Mirae Asset Global Allocation Fund is a compelling option for:
- Accredited investors seeking to diversify beyond India.
- NRIs looking for a well-regulated, India-connected global investment product.
- Investors aiming to capitalize on global thematic trends with a long-term view.
- Those looking for a tax-efficient structure for their international investments.
Ready to Explore Global Markets? Consider the Mirae Asset Global Allocation Fund for a structured, transparent, and strategic approach to international investing. To explore investment opportunities in the Mirae Asset Global Allocation Fund and kickstart your global diversification with expert guidance, contact Meta Investment today. Our seasoned advisors specialize in NRI and foreign investor onboarding into GIFT City funds, ensuring seamless investment processes, regulatory compliance, and personalized portfolio structuring.
Jargon Explained: Making Sense of Global Investing
- ETF (Exchange-Traded Fund): A fund that trades like a stock on an exchange, offering exposure to a basket of assets (e.g., S&P 500 ETF).
- Indexation: A method to adjust the purchase price of an asset for inflation, reducing taxable gains.
- REIT (Real Estate Investment Trust): A company that owns or finances income-producing real estate, traded like a stock.
- Currency Hedging: A strategy to reduce losses from currency fluctuations.
- NAV (Net Asset Value): The per-unit market value of a mutual fund.
- IFSCA: International Financial Services Centres Authority , the regulator for GIFT City funds.
Final Thoughts
The Mirae Asset Global Allocation Fund is more than just a fund—it’s a strategic tool for building a globally balanced portfolio. With professional management, tax efficiency, and access to world-class markets, it empowers Indian investors to think and invest beyond borders.
In a world where economic cycles differ across countries, having a piece of global growth isn’t just smart—it’s essential. And with this fund, you don’t need a passport to invest in the world.
Start your global investment journey today with the Mirae Asset Global Allocation Fund and diversify your future—one world at a time.
