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Mirae Asset Opens Global Gateway in GIFT City

18 Sep

Summary

Mirae Asset launched its IFSC services under Mirae Asset GIFT Sharekhan.
The new platform offers access to global markets, starting with US stocks.
Investor interest in international diversification is significantly rising.

Mirae Asset Capital Markets (India) has officially launched Mirae Asset GIFT Sharekhan, its International Financial Services Centre (IFSC) service brand, in GIFT City, Gujarat. This launch is a key part of the company's strategy to evolve into a comprehensive wealth management platform, aiming to be India's most valued wealth creator by 2030. The GIFT IFSC presence allows Mirae Asset to offer investors geographic diversification and access to global assets.

Mirae Asset Capital Markets (IFSC) Pvt. Ltd. has secured the necessary Broker Dealer license from the International Financial Services Centres Authority (IFSCA). This enables the company to offer Indian investors opportunities in global markets, beginning with US stocks and ETFs. The platform also plans to provide global citizens access to Indian markets soon.

This expansion is timely, with RBI data indicating a 75% surge in outward remittances for overseas investments between FY24 and FY26. Mirae Asset Sharekhan, a pioneer in online trading in India and part of the global Mirae Asset Financial Group, is leveraging its extensive retail network to meet this growing demand for globally diversified investment solutions.

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