India’s first pure China Fund*

The China growth story has been acknowledged the world over. Mirae Asset now offers you the opportunity to capitalize on China’s growth potential with Mirae Asset China Advantage Fund. It is a fund of funds scheme that primarily invests in units of the master fund Mirae Asset China Sector Leader Equity Fund (MACSLEF) 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.

*www.amfiindia.com

Mirae Asset China Advantage Fund seeks to benefit from the key themes influencing growth in the Chinese economy as summarized below:

1. Consumption: With emerging middle class households, brand awareness amongst the younger generation and an increasing number of super-rich are expected to support consumer spending


2. Service: The ongoing urbanization and increasing big and mid-sized cities will bring huge service demand for urban living. Also low cost side pressure provides advantage to leading players in the market


3. Consolidation and Deregulation: Consolidation to increase economies of scale while privatization of companies will lead to higher profitability over state owned –enterprises


4. Clean Energy: Government enforcing aggressive alternative energy plans to bring down fossil fuel dependence of the economy

The features of Mirae Asset China Advantage Fund are as follows:

Investment Objective	The fund seeks to generate long term capital appreciation by investing predominantly in units of MACSLEF and/or units of other mutual fund schemes, units of exchange traded funds, 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.
Minimum Investment Lump Sum	5,000/- (multiples of Re. 1/- thereafter)
Systematic Investment Plan (SIP)	Rs. 1000/- (multiples of Re.1/ - thereafter)
Investment Options	Regular plan with Growth & Dividend options
Benchmark Index	MSCI China (INR)

Mirae Asset Sector China Leader Equity Fund (Master Fund)

1. Conferred an ‘A’* rating by Standard and Poor’s (S & P) on the back of consistent investment approach, robust performance relative to its benchmark (MSCI China)
2. Invests predominantly in H shares (90-95%) and a minor portion in B- shares and Red Chips (5-10%). The underlying fund focuses on mainland China thereby allowing its investors to benefit from the growth potential of local Chinese companies

Fund Performance

Mirae Asset China Advantage Fund is co-managed by Mr. Gopal Agrawal and Mr. Neelesh Surana.

		NAV(Rs. per unit )	Returns
			MACAF	MSCI China(INR)	Sensex**
31st  Mar 2011 - 30th Mar 2012		10.167	-8.22%	-2.77%	-10.50%
31st  Mar 2010 - 31st Mar 2011		11.078	15.75%	6.12%	10.94%
Index Value (March 30, 2012)		Index value for benchmark is 382.08 while for Sensex is 17327.51
Date of allotment:05-Nov-09		Scheme Benchmark: MSCI China(INR)

Performance of other schemes managed by the same fund management team

Mirae Asset India Opportunities Fund

		NAV(Rs. per unit )	Returns			Value (INR)*
			MAIOF	BSE 200	Sensex**	MAIOF	BSE 200	Sensex**
31st  Mar 2011 - 30th Mar 2012		16.176	-2.79%	-9.28%	-10.50%	9,720.57	9,071.76	8,950.37
31st  Mar 2010 - 31st Mar 2011		16.641	15.38%	8.15%	10.94%	11,537.82	10,814.69	11,093.95
31st  Mar 2009 - 31st Mar 2010		14.423	121.21%	92.87%	80.54%	22,121.16	19,286.58	18,054.05
Since Inception(CAGR)30th  Mar 12		16.176	12.81%	3.26%	3.21%	16,176.00	11,365.75	11,343.33
Index Value (30th Mar, 2012)		Index Value of BSE 200 is 1850.89 and Index value of  Sensex is 17327.51
Date of allotment: 04-April-08		Scheme Benchmark: BSE 200

Mirae Asset Emerging Bluechip Fund

		NAV(Rs. per unit )	Returns
			MAEBF	CNX Midcap	Sensex**
31st Mar 2011 - 30th Mar 2012		11.569	7.73%	-4.09%	-10.50%
Index value(30th Mar,2012)		Index Value of CNX Midcap is 7711.40 and Index value of  Sensex is 17327.51
Date of allotment:09-Jul-10		Scheme Benchmark: CNX Midcap

Mirae Asset India-China Consumption Fund is co-managed by Mr. Gopal Agrawal and Mr. Neelesh Surana.

		NAV(Rs. per unit )	Returns
			MAICCF	Scheme Benchmark	Sensex**
31st Mar 2011 - 30th Mar 2012		10.968	9.02%	12.52%	-10.50%
Index Value (March 30, 2012)		Index Value of CNX Midcap is 119.06 and Index value of  Sensex is 17327.51
Date of allotment: 29-Mar-11		Scheme Benchmark: MSCI India consumption Index(65%) + MSCI China Consumption Index(35%) INR

Note: Mr. Gopal Agrawal, Mr. Neelesh Surana & Mr. Basvaraj Shetty also manage Mirae Asset India-China Consumption Fund (MAICCF). However, the performance of the said scheme is not provided, as it has not completed one year.

Fund Managers Name: Mr. Gopal Agrawal, Mr. Neelesh Surana & Mr. Basvaraj Shetty (Overseas Investment)

Mirae Asset Global Commodity Stocks Fund

		NAV(Rs. per unit )	Returns			Value (INR)*
			MAGCSF	Scheme Benchmark	Sensex**	MAGCSF	Scheme Benchmark	Sensex**
31st  Mar 2011 - 30th Mar 2012		12.047	-10.10%	-10.05%	-10.50%	8,989.63	8,995.13	8,950.37
31st  Mar 2010 - 31st Mar 2011		13.401	11.83%	20.11%	10.94%	11,183.34	12,077.29	11,093.95
31st  Mar 2009 - 31st Mar 2010		11.983	76.38%	72.28%	80.54%	17,637.62	17,228.23	18,054.05
Since Inception(CAGR)30th  Mar 12		12.047	5.29%	8.29%	4.83%	12,047.00	13,332.82	11,857.15
Index Value(30th Mar, 2012)		Index Value of benchmark is 123.97 and Index value of  Sensex is 17327.51
Date of allotment		20-Aug-08
Scheme Benchmark		MSCI Asia Pacific ex-Japan Energy & Material Index (55%) MSCI India Energy & Material Index - (35%) MSCI Brazil Energy & Material Index - (10%) with (MSCI’s10/40  Equity Index Methodology)

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. The calculations of returns shall assume reinvestment of all payout at the then prevailing NAV. *Based on a standard investment of Rs. 10,000 made at the beginning of the relevant period. CAGR - Compounded Annualised Growth Returns. Returns provided are of Regular Plan - Growth Option.

Disclaimer

MIRAE ASSET CHINA SECTOR LEADER EQUITY FUND (SICAV), rated A in Standard & Poor’s “Long only Fund Rating” classification in the peer group of “HongKong and Chinese Equities” for the three year period ended July 31, 2011 (283 funds were considered in the category). The ratings are based on the fund demonstrating high standards of quality based on its investment process, risk awareness and consistency of performance as of April 29, 2011 and are subject to change every year. An S&P Fund Management Rating represents an opinion only and should not be relied on when making an investment decision. “S&P” and “Standard & Poor’s” are trademarks of The McGraw-Hill Companies, Inc. Copyright © 2011 Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. All rights reserved. Performance Data Source - © 2011 Lipper Inc. All rights reserved. All statistical data on this report has been run up to 29 April 2011 on NAV to NAV basis, with gross income reinvested in USD. Symbols and definitions - AAA The fund demonstrates the highest standards of quality in its sector based on its investment process and management's consistency of performance as compared to funds with similar objectives. AA - The fund demonstrates very high standards of quality in its sector based on its investment process and management's consistency of performance as compared to funds with similar objectives.

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.)Transparancy:The NAV will be published in two daily newspapers (with a one day lag) 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. Investors should also be aware that the underlying scheme(s) could charge entry load/exit load which may affect the returns to the investors. The load structure of the underlying scheme(s) may change from time to time. The investor shall bear the scheme recurring expenses in addition to the scheme recurring expenses of underlying scheme. 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 is only the name of the scheme and does not in any manner indicate either the quality of the scheme 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). 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. “MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL THE SCHEME RELATED DOCUMENTS CAREFULLY”.