- Mirae Asset India Opportunities Fund, an open ended equity oriented scheme has been ranked amongst the top 10 percentile funds (out of 74 schemes in the category) thrice in a row (for quarters ended June 2010, September 2010 & December 2010) denoting ‘Very Good Performance’ in the Open ended Diversified Equity category
- The fund has managed to generate returns of 17.61%* vis-à-vis Benchmark’s (BSE 200) returns of 6.53% (CAGR) since its inception (April 2008)
- The ranking methodology is based on an objective and comparative analysis of various parameters, including: superior returns score, NAVs over the 2-year period, concentration and liquidity of the scheme for evaluation purpose.
Mirae Asset India Opportunities Fund (MAIOF), the flagship fund of Mirae Asset Mutual Fund has been conferred the top rank, CRISIL Fund Rank 1^ under the ‘Open ended Diversified Equity’ category of 74 schemes for the third consecutive quarter (quarter ended December 2010). The top rank is assigned to only the top percentile funds and connotes ‘Very Good Performance’. Prior to this, the fund was assigned the top rank for the quarters ended June and September 2010. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Commenting on the achievement Mr. Arindam Ghosh, Chief Executive Officer, Mirae Asset Global Investments (India) Pvt. Ltd. said, ““This accomplishment is yet another significant milestone for us as it is a further reiteration of our capabilities in being able to generate additional alpha for our investors, consistently. This also reflects on our sound investment philosophy and intensive research oriented process adopted to arrive at investment decisions.”
Mirae Asset India Opportunities Fund has generated the following returns over different time periods since its inception:
| Fund performance (CAGR) | |||
| Last 1 year* | Last 2 years* | Since inception* | |
| MAIOF# | 17.42% | 58.96% | 17.61% |
| Benchmark (BSE 200) | 9.93% | 43.20% | 6.53% |
| Outperformance to benchmark | 7.49% | 15.76% | 11.08% |
#PAST PERFORMANCE MAY OR MAY NOT BE SUSTAINED IN FUTURE. Since inception returns based on NAV of Rs.10/- Inception date (deemed to be date of allotment):04.04.2008. Data based on NAV of Rs. 15.82 (Regular plan – Growth option) as on 31st January 2011. *Returns are computed as “Compounded Annualized Growth Returns” (CAGR). The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV.
Returns of last 1 year & 2 years are higher largely due to sharp market recovery. The past performance may not necessarily be an indication of future results and may not necessarily provide basis for comparison with other investments.
About Mirae Asset Mirae Asset Global Investments (India) Pvt. Ltd. is a wholly-owned subsidiary of Mirae Asset Global Investments Group.
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In less than a decade, Mirae Asset Global Investments has become one of the world’s largest investors in emerging market equities managing total assets of over USD 52 billion## (approx Rs. 2,39,200 crores) as on December 2010.
Headquartered in South Korea, Mirae Asset Global Investments also has investment management operations in Hong Kong, United Kingdom, India, Vietnam, USA, and Brazil. Apart from Asset management, Mirae Asset Financial Group has business interest in Life Insurance, Securities and Investment & Venture Capital.
** Source: Mirae Asset Global Investments Group
^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. 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, 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 ranking exercise for all the three quarters. 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. Load Structure: 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. 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. 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). 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.