Mirae Asset Global Allocation Fund
A close-ended GIFT City Category III AIF providing global equity exposure through developed-market ETFs, emerging markets and high-growth investment themes.
What This Strategy Does
Role in a Diversified Portfolio
CW Expert Research Notes
Performance and Risk Analysis
Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.
Benchmark Performance Comparison
Detailed Risks
Equity Volatility
The portfolio is predominantly exposed to global equity markets, making it vulnerable to valuation corrections, earnings disappointments and changes in interest-rate expectations. Thematic investments in AI and semiconductors can experience sharper drawdowns than broad-market ETFs.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Strategy Details
A closer look at the investment thesis, portfolio construction, and current holdings.
Core Investment Theme
Global equity diversification through core-and-tactical allocation. The strategy combines developed-market exposure with selective investments in emerging economies and structural growth themes, including artificial intelligence and semiconductors, to access differentiated global growth opportunities.
Broader Market View
Global Equity Drivers
Emerging Markets
Diversification Opportunity
Investment Style & Process
Core Allocation
Tactical Allocation
Portfolio Holdings Overview
Top Stock Holdings
Fund House Management
The asset management company’s track record, AUM scale, and fund manager credentials.
Fund Manager Track Record
Harshad Borawake
Lead Portfolio Manager
Harshad Borawake, the lead equity fund manager at Mirae Asset since January 2024, holds an MBA in Finance and a B.E. in Polymers. He brings over 18 years of experience in investment analysis and equity research, with prior roles at Motilal Oswal Securities and Capmetrics & Risk Solutions . In the Multi Asset Allocation Fund, Harshad oversees the equity portion, blending his market insights and disciplined research process
Manager's Investment Philosophy
The fund manager's approach, as reflected in the strategy, emphasizes disciplined global asset selection, diversification across geographies and a combination of broad-market exposure with selective thematic opportunities. The investment process uses global ETFs to access established companies in developed markets while selectively targeting emerging markets and structural growth sectors such as artificial intelligence and semiconductors. Portfolio allocations are adjusted based on market conditions and evolving investment opportunities, with a focus on long-term capital appreciation and managing concentration risk through diversified exposure.
Swarup Mohanty
Co-Portfolio ManagerSwarup Anand Mohanty is the Vice Chairman and Chief Executive Officer of Mirae Asset Investment Managers (India) Private Limited. He has over 32 years of experience in the financial services industry, including more than 23 years in asset management sales, distribution and business development. He joined Mirae Asset in July 2011 as Head of Sales and was appointed CEO in February 2016, subsequently becoming Vice Chairman in 2023. Before joining Mirae Asset, he served as National Sales Head – Retail at Religare Asset Management and held sales leadership roles at Aditya Birla Sun Life AMC, Franklin Templeton and Kotak Mahindra Asset Management. He holds a Bachelor of Commerce (Honours) degree, a Post Graduate Diploma in Business Management (PGDBM), and is an alumnus of Stanford University's Graduate School of Business, having completed the Stanford Executive Program. He also contributes to the mutual fund industry through roles in SEBI's Mutual Fund Advisory Committee and NSE Indices' Equity Index Advisory Committee.
CW Expert Take
Mirae Asset Global Allocation Fund provides a structured approach to international equity investing through broad-market ETFs and selective thematic exposure. Its developed-market core offers participation in established global businesses, while tactical allocations introduce growth opportunities across emerging markets and technology-driven sectors. The fund can complement a domestic equity portfolio, although equity-market volatility, geographic and thematic concentration, currency fluctuations and the close-ended structure warrant careful suitability assessment. Back-tested returns should be viewed as illustrative rather than indicative of future performance.
Firm Overview
Mirae Asset Investment Managers (India) Pvt. Ltd. is the investment manager of Mirae Asset Mutual Fund. The sponsor, Mirae Asset Global Investments Co. Ltd., is the asset management arm of South Korea's Mirae Asset Financial Group, founded in 1997 and present in 19 markets. Its integrated platform spans active, passive and alternative strategies; in India the AMC offers equity, debt, hybrid and ETF/index products.
Investment Philosophy & Approach
Global Opportunity Seeking
The strategy seeks to capture long-term capital appreciation by investing across global markets rather than relying exclusively on a single country's economic growth or equity-market cycle.
Core-and-Tactical Approach
Broad developed-market exposure provides the portfolio's foundation, while selective allocations to AI, semiconductors and emerging markets seek additional growth opportunities. The balance can be adjusted as opportunities evolve.
Operational & Regulatory Details
What it costs to invest, transaction mechanics, and regulatory disclosures you should know.
Costs and Fees
Regulatory & Tax Information
STCG | <null Months null%
LTCG | >null Months null% on gain above 1.25 Lakh
Tax Implications (India)