The growth in the AUM & SIP Customer base does not have any co-relation with the performance of the fund.
*Data based on Total Avg. AUM of Rs. 2509.8 mn as on 31.03.2010 & Rs. 3795 mn as on 31.03.2011. **Data based on Avg. Equity AUM of Rs. 2427.3 mn as on 31.03.2010 & Rs. 3540 mn as on 31.03.2011. #Data based on registered Equity SIP investors (folio wise) of 15,597 as on 31.03.2010 & 26,985 as on 31.03.2011. &Source: www.amfiindia.com. Equity category includes AAUM of Equity and Overseas Fund of Funds (Equity) schemes as on March 31, 2011. +Mirae Asset China Advantage Fund; Avg. AUM of Rs. 269.3 mn as on 31.03.2010 & Rs. 981.4 mn as on 31.03.2011.
^CRISIL Ranking Methodology:
Mirae Asset India Opportunities Fund has been assigned "CRISIL Fund Rank 1" and ranked among top 10 percentile of the universe of funds implying 'Very Good Performance' in "Open Ended Diversified Equity" category for the quarter ended June, September, December, 2010 & March 2011. The rank is an outcome of an objective and comparative analysis against various parameters, including: superior returns score, NAVs over the 2-year period ended June, September & December, 2010 & March 2011, concentration and liquidity of the scheme. The ranking methodology did not take into account entry and exit loads imposed by the Fund. There were 74 schemes considered in the "Open Ended Diversified Equity" category for the quarter ended June 2010 and September 2010, 76 schemes for the quarter ended December 2010 & 69 schemes for the quarter ended March 2011 for the ranking exercise. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of Mirae Asset India Opportunities Fund. Fund Rank 1 includes top 10 percentile of the universe indicating Very Good Performance in the category, Fund Rank 2 includes 11th to 30th percentile indicating Good Performance in the category, Fund Rank 3 includes 31st to 70th percentile indicating Average performance in the category, CRISIL Fund Rank 4 includes 71st to 90th percentile indicating Below Average Performance in the category and CRISIL Fund Rank 5 includes last 91st to 100th percentile indicating relatively weak performance in the category. The ratings are subject to change every quarter. Source: www.crisilfundservices.com Publisher: CRISIL Fund Services, CRISIL Limited.
Mirae Asset India Opportunities Fund (MAIOF): (An open ended equity oriented scheme) Investment Objective:
To generate long term capital appreciation by capitalizing on potential investment opportunities through predominantly investing in equities, equity related securities. There is no assurance or guarantee of any returns. Asset Allocation: (1) Indian Equities and Equity Related Securities: 65% to 100% (2) Money market instruments / debt securities Instruments: 0% to 35% (Including up to 25% of corpus in securitized debt). Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers and on the AMFI website. Mirae Asset China Advantage Fund (MACAF): (An open ended fund of funds scheme) Investment Objective: The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in units of Mirae Asset China Sector Leader Equity Fund and/or units of other mutual fund schemes, units of exchange traded schemes that focus on investing in equities and equity related securities of companies domiciled in or having their area of primary activity in China and Hong Kong. The Scheme may also invest a certain portion of its corpus in debt and money market securities and/or units of debt/liquid schemes of Domestic Mutual Funds, in order to meet liquidity requirements from time to time. The Scheme does not guarantee or assure any returns. Asset Allocation: (1) Units of Mirae Asset China Sector Leader Equity Fund and/or units of other mutual fund schemes, units of ETFs investing in equities and equity related securities of companies domiciled in or having their area of primary activity in China and Hong Kong: 80-100% (2) Money market instruments / debt securities Instruments and/or units of debt/liquid schemes of domestic Mutual Funds.: 0-20% (Equity and Equity related instruments include convertible debentures, equity warrants, convertible preference shares, equity derivatives etc. Debt instruments include securitized debt upto 20% of corpus.) Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers and on the AMFI & AMC website by 10.00 am of the following business day. Load Structure for all schemes: Entry Load: NIL. "In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor". Exit Load: a. Redemption within 1 year (365 days) from the date of allotment (including SIP/STP/SWP): 1.00%, b. Redemption after 1 year (365 days) from the date of allotment - NIL.
Statutory Details: Trustee: Mirae Asset Trustee Company Private Limited; Investment Manager: Mirae Asset Global Investments (India) Private Limited (AMC); Sponsor: Mirae Asset Global Investments Company Limited. Risk Factors: Mutual fund investments are subject to market risks and there is no assurance or guarantee that the objectives of the scheme will be achieved. As with any investment in securities, the Net Asset Value (NAV) of the units issued under the Schemes can go up or down depending on the factors and forces affecting the capital markets. Investments in mutual funds are prone to risks of fluctuation in NAVs, uncertainty of dividend distributions etc. Past performance of the Sponsor / AMC / Mutual Fund does not guarantee the future performance of the Schemes of Mirae Asset Mutual Fund. The sponsors are not liable or responsible for any loss resulting from the operation of the fund beyond the initial contribution made by them of an aggregate amount of Rupees One Lakh towards setting up of the fund. The past performance may not necessarily be an indication of future results and may not necessarily provide a basis for comparison with other investments. Mirae Asset India Opportunities Fund, Mirae Asset China Advantage Fund are only the name(s) of the scheme(s) and does not in any manner indicate either the quality of the scheme(s) or its future prospects or returns. Investors in the scheme are not being offered any guaranteed / indicative/ assured returns. Please see "Risk Factors", "Scheme Specific Risk Factors and Special Consideration" and "Right to limit redemptions" in the Scheme Information Document (SID). Please read the Scheme Information Document (SID) and Statement of Additional Information (SAI) carefully before investing.Scheme Information Document/Key Information Memorandum cum Application form are available at AMC offices/AMC web-site www.miraeassetmf.co.in / Investor Service Centre / Distributors on request.