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Mirae Asset Great Consumer Fund
(An open-ended consumption oriented sector scheme)






Add the purchasing power of billions to your portfolio


At Mirae Asset, our Consumer Investment Theme responds to lasting changes in the emerging markets. Our strong conviction in long-term opportunities of the consumer theme in Asia has led us to develop Mirae Asset Great Consumer Fund.


Investment Objective

The investment objective of the scheme is to generate long term capital appreciation by investing in a portfolio of companies/funds that are likely to benefit either directly or indirectly from consumption led demand in India and across the Asia Pacific region. The Scheme does not guarantee or assure any returns.

Asset Allocation

Type of Instruments Indicative Allocations (% of total assets) Risk Profile
Medium Maximum
Indian Equities and Equity Related Securities* 65% 80% High
Units of Mirae Asset Asia Great Consumer Equity Fund (the underlying fund), and / or in other mutual funds having similar strategy, as well as equities and equity related securities in asia pacific region* 20% 35% High
Money market instruments / debt securities instruments and / or units of debt / liquid schemes of domestic Mutual Funds. 0 15% Low to Medium

* - Companies that are likely to benefit directly or indirectly from consumption led activities.

Why Mirae Asset Great Consumer Fund (MAGCF)?

  • Alteast 65% of the portfolio will be invested in Indian Equity and Equity related securities, hence the fund will be taxed as an equity fund.
  • Upto 35% will be primarily invested in Mirae Asset Great Consumer Equity Fund (Offshore Fund) which will invest in companies benefitting directly or indirectly from consumption led demand in Asia pacific region.
  • India portion shall invest in companies where atleast 50% of profits / revenues are derived from domestic businesses.
  • Portfolio will comprise of growth companies which has strong return ratio (ROE) and possess sustainable competitive advantage.
  • Illustrative consumption sections - FMCG, Autos, Realty, Healthcare, Education, Media & Entertainment, Banks & Financial Services, Telecom, Transportation, Tourism & Hospitality and E-commerce.

Investment Universe

 

Product Labelling MAICCF
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Net Asset Value(NAV):

Fund Information
Fund Manager Neelesh Surana, Mr. Ankit Jain and Bharti Sawant (Overseas Investments)
Allotment Date 29-Mar-11
Benchmark Index S&P BSE 200 (65%) + S&P Asia Pacific Emerging BMI (35%) Index
Minimum Investment Amount Rs. 5,000/- (multiples of Rs. 1/- thereafter)
Minimum Additional Application Amount Rs.1000/- and in multiples of Re.1/- thereafter.
Plans Available Regular Plan and Direct Plan
Options Available Growth Option and Dividend Option (Payout & Re-investment)