Mirae Asset MF Launches Mirae Asset India Opportunities Fund

Mirae Asset Mutual Fund announced today the launch of its first equity fund offering Mirae Asset India Opportunities Fund. The fund is an open-ended diversified equity fund with an objective to generate long-term capital appreciation by capitalizing on potential opportunities through predominantly investing in equities and equity related securities.

The New Fund Offer priced at Rs.10 per unit (plus applicable entry load) will be open for purchase from 11 February 2008 to 10 March 2008. The fund would invest between 65-100% in Indian equities and equity related securities and 0-30% in money market instruments and debt securities investments. It includes investment up to 25% of in securitised debt. Globally, Mirae Asset manages an AUM of about USD 132 billion (as on 31 December 2007), which is highly diversified by asset class and client group. Of this corpus, roughly 70% is deployed in equity funds. The minimum amount for investments is Rs. 5000 and thereafter in multiples of Re 1. The entry load is 2.25% for each purchase of less than Rs. 5 crore. For amounts greater than or equal to Rs. 5 crore the entry load is nil. The fund offers SIP facility even during the new fund offer. For SIP, the minimum investment is 6 installments of Rs 1000 each or 4 installments of Rs. 1500 each, i.e. Rs 6000 and thereafter multiples of Re.1. A major benefit to the investors' is that there is no entry load on the SIP investments. The fund would benchmark against BSE 200 Index.