Thursday, March 6, 2008

Mirae Asset MF Collects Rs.1435 Crore Through Two Income Plans

Mirae Asset Mutual Fund has collected Rs 1435 crore through its both Mirae Asset Liquid Fund and Mirae Asset Liquid Plus Fund during their initial offer period which closed to 3 March 2008.

Mirae Asset Liquid Fund, which is an open-ended liquid fund, which was opened 27 February and closed 3 March 2008. The primary investment objective of the scheme is to seek to seek to generate reasonable returns with low volatility and higher liquidity through a portfolio of debt and money market instruments.

Mirae Asset Liquid Plus Fund is an open-ended debt fund had its new fund offer period from 29 February and closed on 3 March 2008. The primary investment objective of the scheme is to seek to generate returns with low volatility and higher liquidity through a portfolio of debt and money market instruments.

Both the scheme will have regular, institutional and super institutional plans. The schemes offer growth, bonus and dividend option under each plan. Dividend option shall have the choice of dividend payout; dividend reinvestment and dividend transfer options.

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