- Crisil Fund Rank 1: Conferred the top rank, CRISIL Fund Rank 1^ for 3 consecutive quarters, the latest quarter being December end 2010, in the category of “Open ended Diversified Equity funds comprising 76 funds”.
- Rolling returns: Outperformed the benchmark index (BSE 200) 95% of the time (i.e. in 33 out of 35 instances) on monthly rolling returns basis since inception (CAGR basis)
- Performance in its Peer group: Beaten the category average since inception, the fund has delivered returns of 19.05% since its inception (CAGR) i.e. from April 2008 till date vis-à-vis 8.40% of its category average (of 76 Diversified Equity Funds ). PAST PERFORMANCE MAY OR MAY NOT BE SUSTAINED IN FUTURE.
- Consistent performer: Featured consistently in the top quartile in the ‘Open ended diversified equity” funds (76 Diversified Equity Funds) across time periods i.e. 3 months, 6 months, 9 months, 1 year, 2 years and 3 years time frames, since April 2008. (This category includes those funds which have been covered in this category in CRISIL fund ranking for the quarter ended Dec 2010). PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
Mirae Asset Global Investments (India) Pvt. Ltd. today announced that its flagship fund, Mirae Asset India Opportunities Fund, has completed 3 years of track record. This open ended equity oriented scheme seeks to invest in stocks across market caps (large mid and small cap) and sectors without any bias.
Commenting on the occasion, Mr. Arindam Ghosh, Chief Executive Officer of Mirae Asset Global Investments (India) Pvt. Ltd, said “We are truly encouraged that our flagship fund has attained a significant milestone with the completion of 3 years track record. The fund has been a consistent outperformer in the diversified equity category backed by our distinct investment philosophy and rigorous research oriented approach. We are confident that investors will see deep value in our fund proposition and make this scheme a part of their core portfolio.”
Fund Performance
Since its inception the fund has managed to consistently outperform its benchmark (BSE 200) across time periods as evident from the table below:
| CAGR Performance # | Last 1 year | Last 2 years | Last 3 years (Since inception) |
| MAIOF | 15.94% | 56.14% | 19.05% |
| Benchmark (BSE 200) | 9.06% | 41.32% | 8.40% |
| Outperformance to benchmark | 6.88% | 14.82% | 10.65% |
| #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. 16.87 (Regular plan – Growth option) as on 4th April 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. Last two year returns 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.
In less than a decade, Mirae Asset Global Investments Group has become one of the world’s largest investors in emerging market equities managing total assets of over USD 49 billion## (approx Rs. 2,25,400 crores) as on March 2011.
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 quarter ended June 2010 and September 2010 and 76 schemes for the quarter ended December 2010 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. 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.
