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Mirae Asset Prudence Fund
(An Open Ended Equity Oriented Asset Allocation Scheme)

Investment Objective

The investment objective of the Scheme is to generate capital appreciation along with current income from a combined portfolio of equity & equity related instruments and debt and money market instruments. The Scheme does not guarantee or assure any returns.

Why Mirae Asset Prudence Fund?

Asset Allocation

Under normal circumstances, the asset allocation will be as follows:

Instruments Indicative allocations(% of total assets) Risk Profile
Minimum Maximum
Equity and Equity Related Instruments* 65 80 High
Amongst the top 100 companies by market capitalization# 65 80
Not amongst the top 100 companies by market capitalization# 0 15
Debt & Money Market Instruments 20 35 Medium

*Equity and Equity related instruments include convertible debentures, equity warrants, convertible preference shares, derivatives etc.
#At the time of investment

The Scheme provides the Investment Manager flexibility to shift allocations within the mentioned asset allocation in the event of a change in view regarding an asset class.

Investment Strategy

For equity portion

  • Larger companies may provide stability to the fund
  • Diversified portfolio of strong growth companies at reasonable price
  • May not have bias towards particular theme or style

For debt portion

  • Portfolio will be actively managed
  • Top down approach for taking interest rate view and sector allocation view
  • Bottom up approach for security / instrument selection
  • Majorly to invest in Cerficate of Deposits, Commercial Papers, Corporate and Government Securities of varying maturities

Product Labelling

Risk Meter

Net Asset Value(NAV):

Fund Information
Fund Manager Mr. Neelesh Surana & Mr. Sudhir Kedia (Equity portion) & Mr. Mahendra Jajoo (Debt portion)
Benchmark Index CRISIL Balanced Fund Index.
Minimum Investment Amount Lump Sum: 5,000/- (multiples of Re. 1/- thereafter)
Systematic Investment Plan (SIP) Minimum 5 installments monthly of Rs.1000/- (in multiples of Re.1/- thereafter)
Plans Available Regular Plan and Direct Plan
Options Available Growth Option and Dividend Option (Payout & Re-investment)
Exit Load NIL.