Mirae Asset Launches GIFT Sharekhan in Gujarat

Mirae Asset Capital Markets (India) has officially established operations in GIFT City, Gujarat, via its new entity Mirae Asset GIFT Sharekhan. Operated under Mirae Asset Capital Markets (IFSC) Pvt. Ltd., the launch follows the acquisition of a Broker Dealer licence from the International Financial Services Centres Authority.

Strategic Expansion and Global Vision

This development forms a core pillar of the company’s Vision 2030 strategy to scale into a prominent wealth management platform. Positioned within India’s dedicated International Financial Services Centre, the venture targets international asset classes and geographic diversification for investors.

Initial platform capabilities and rollout phases include:

• Initial rollout enabling direct investments in US stocks and ETFs.
• Future roadmap phases introducing pathways for global citizens to access Indian markets.

Market Context and Outward Remittances

The operational expansion arrives amid expanding interest in international equities. Official Reserve Bank of India data points to a substantial rise in outward remittances channeled through the Liberalised Remittance Scheme across the preceding two-year window.

Key structural components supporting the new platform feature:

• Integration of Mirae Asset’s core international expertise.
• Utilization of Sharekhan’s established retail distribution network to service growing demand.

The joint initiative positions both parent organizations to capture rising volumes in cross-border capital flows. Operations remain anchored out of the Gujarat International Finance Tec-City hub.