India built your wealth.
The world can grow it.
India built your wealth. The world can grow it.
Most portfolios stop at the border.
GAAF doesn't.
The Ionic Global Asset Allocation Fund invests across global equities, commodities, and real assets — actively managed, dynamically allocated, built for the world as it actually moves.
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For years, global markets moved in relative sync. Not anymore.
Central banks are diverging. Growth is rotating across regions. The dollar is on a structural decline. Commodities are running on decade-long supply deficits. Emerging markets are breaking out while others slow down.
The portfolios that delivered the most in the last two years weren't concentrated in one market. They were positioned across all of them.
A globally diversified portfolio returned 43.5% in 2025. India equity alone returned 8.1%.
The world stopped moving together.
That's exactly the opportunity.
The world stopped moving together.
That's exactly the opportunity.
The world stopped moving together. That's exactly the opportunity.
Not a bet on every market. A position in the right ones.
Not a bet on every market. A position in the right ones.
Not a bet on every market. A position in the right ones.
GAAF is a single, actively managed structure that gives you access to the world's most compelling asset classes and geographies without the complexity of building a global portfolio from scratch.
We start with the macro regime — growth, inflation, and global policy. Then we allocate with precision across global equities, commodities, fixed income, and real assets. All under one roof. When the world shifts, the portfolio shifts with it.
GAAF is a single, actively managed structure that gives you access to the world's most compelling asset classes and geographies without the complexity of building a global portfolio from scratch.
We start with the macro regime — growth, inflation, and global policy. Then we allocate with precision across global equities, commodities, fixed income, and real assets. All under one roof. When the world shifts, the portfolio shifts with it.
Current Positioning
Current Positioning
Current Positioning
Diverse Global Equities
70%
Diverse Global Equities
70%
Diverse Global Equities
Global Commodities
20%
Global Commodities
20%
Global Commodities
Global Commodities
Global REITs
10%
Global REITs
10%
Global REITs
10%
Global REITs
Global REITs
Built on three things most funds don't do together
Built on three things most funds don't do together
Built on three things most funds don't do together
Allocation
Every allocation starts with a clear-eyed view of where the global macro cycle stands. Capital follows the analysis, not a fixed formula.
Allocation
Allocation
Every allocation starts with a clear-eyed view of where the global macro cycle stands. Capital follows the analysis, not a fixed formula.
Agility
When conditions shift, the portfolio shifts. Tactical rebalancing, inflation-regime repositioning, liquidity-driven moves. The fund doesn’t wait for a quarterly review to respond to the world.
Agility
Agility
When conditions shift, the portfolio shifts. Tactical rebalancing, inflation-regime repositioning, liquidity-driven moves. The fund doesn't wait for a quarterly review to respond to the world.
Risk Management
Predefined triggers including valuation thresholds, crowding indicators, and stop-loss levels mean the portfolio never overstays a trade that no longer works.
Risk Management
Risk Management
Predefined triggers including valuation thresholds, crowding indicators, and stop-loss levels mean the portfolio never overstays a trade that no longer works.
It has worked. Consistently.
It has worked. Consistently.
It has worked. Consistently.
2024
2024
2024
2025
2025
2025
2026 YTD
2026 YTD
2026 YTD
GAAF Portfolio
GAAF Portfolio
GAAF Portfolio
21.5%
21.5%
21.5%
43.5%
43.5%
43.5%
+8.0%
+8.0%
+8.0%
India Equity Only
India Equity Only
India Equity Only
14.3%
14.3%
14.3%
8.1%
8.1%
8.1%
−4.7%
−4.7%
−4.7%
37% Alpha
over domestic markets in 6 monthsafter calling 70% US / 30% China in September 2024
37% Alpha
over domestic markets in 6 monthsafter calling 70% US / 30% China in September 2024
37% Alpha
over domestic markets in 6 monthsafter calling 70% US / 30% China in September 2024
The people behind the portfolio
Led by a team of experts who understand global markets and how to navigate them.
Ankita Pathak
Head of Global Investments,
Ionic Wealth.
INSEAD x Wharton MBA
Nilesh Kalsariya
Principal Officer
Ionic GIFT City
MBA (Finance), CS
Khushboo Thakker
Compliance Officer
Ionic GIFT City
CS
The people behind the portfolio
Led by a team of experts who understand global markets and how to navigate them.
Ankita Pathak
Head of Global Investments,
Ionic Wealth.
INSEAD x Wharton MBA
Nilesh Kalsariya
Principal Officer
Ionic GIFT City
MBA (Finance), CS
Khushboo Thakker
Compliance Officer
Ionic GIFT City
CS
The people behind the portfolio
Led by a team of experts who understand global markets and how to navigate them.
Ankita Pathak
Head of Global Investments,
Ionic Wealth.
INSEAD x Wharton MBA
Nilesh Kalsariya
Principal Officer
Ionic GIFT City
MBA (Finance), CS
Khushboo Thakker
Compliance Officer
Ionic GIFT City
CS
Currently Watching
Currently Watching
Currently Watching
Emerging Market Equities
South Korea and Taiwan offer strong earnings growth at valuations significantly below historical averages.
Emerging Market Equities
South Korea and Taiwan offer strong earnings growth at valuations significantly below historical averages.
Emerging Market Equities
Emerging Market Equities
South Korea and Taiwan offer strong earnings growth at valuations significantly below historical averages.
China's Anti-Involution Policy
Beijing is actively curbing industrial overcapacity. A structural supply tailwind for global commodities.
China's Anti-Involution Policy
Beijing is actively curbing industrial overcapacity. A structural supply tailwind for global commodities.
China's Anti-Involution Policy
China's Anti-Involution Policy
Beijing is actively curbing industrial overcapacity. A structural supply tailwind for global commodities.
Japan's Reflationary Trade
Fiscal expansion at a scale not seen in decades. A specific, playable macro trade.
Japan's Reflationary Trade
Fiscal expansion at a scale not seen in decades. A specific, playable macro trade.
Japan's Reflationary Trade
Japan's Reflationary Trade
Fiscal expansion at a scale not seen in decades. A specific, playable macro trade.
Dollar Cycle Reversal
Persistent US fiscal strain and reserve diversification by global central banks are structurally pressuring the dollar. Strong for EM and commodities.
Dollar Cycle Reversal
Persistent US fiscal strain and reserve diversification by global central banks are structurally pressuring the dollar. Strong for EM and commodities.
Dollar Cycle Reversal
Dollar Cycle Reversal
Persistent US fiscal strain and reserve diversification by global central banks are structurally pressuring the dollar. Strong for EM and commodities.
Base Metals & Rare Earths
Electrification demand is creating structural deficits in copper, aluminium, and rare earth magnets. Supply cannot catch up fast enough.
Base Metals & Rare Earths
Electrification demand is creating structural deficits in copper, aluminium, and rare earth magnets. Supply cannot catch up fast enough.
Base Metals & Rare Earths
Base Metals & Rare Earths
Electrification demand is creating structural deficits in copper, aluminium, and rare earth magnets. Supply cannot catch up fast enough.
Global Defense
Geopolitical uncertainty is not temporary. Defence budgets across major economies are in a sustained upcycle.
Global Defense
Geopolitical uncertainty is not temporary. Defence budgets across major economies are in a sustained upcycle.
Global Defense
Global Defense
Geopolitical uncertainty is not temporary. Defence budgets across major economies are in a sustained upcycle.
Co-founder in your journey
of wealth creation
Co-founder in your journey of wealth creation
Co-founder in your journey
of wealth creation
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