Mirae Asset MF Declares Dividend Under Quarterly Interval Fund- March 4, 2009

Mirae Asset Mutual Fund has announced 09 March 2009 as the record date for declaration of dividend on the face value of Rs 10.00 per unit of Mirae Asset Interval Fund-Quarterly Plan-Series II- Regular option.

The quantum of dividend will be 90% distributable surplus as on the record date 9 March 2009. The NAV of regular option was at Rs 10.1356 as on 2 March 2009.

Mirae Asset Interval Fund - Quarterly Plan - Series II a debt oriented interval scheme. The investment objective of the scheme is to seek to generate returns with low volatility through a portfolio of debt and money market instruments with a provision to offer liquidity at periodic interval.

Mirae Asset MF Dividend Under Monthly Interval Fund Series - Dec 11, 2008

Mirae Asset Mutual Fund has announced 16 December 2008 as the record date for declaration of dividend on the face value of Rs 10.00 of Mirae Asset Interval Fund- Monthly Plan-Series I. The dividend will be offered for regular plan under the scheme.The quantum of dividend will be 90% distributable surplus as on the record date. The NAV of regular plan was at Rs. 10.0996 as on 8 December 2008.

Mirae Asset Interval Fund – Monthly Plan – Series I launched in September 2008 is a debt oriented interval scheme. The investment objective of the scheme is to seek to generate returns with low volatility through a portfolio of debt and money market instruments with a provision to offer liquidity at periodic interval.Crisil Liquid Fund Index is the benchmark index. The fund manager for the scheme is Murthy Nagarajan.

Mirae Asset MF to infuse in Brazil, Russia, China cos - June 18, 2008

Mumbai: Mirae Asset Mutual Fund has registered offer document with SEBI to launch an equity-oriented fund that will infuse in equities of leading companies having their primary activity in Brazil, Russia or China. The proposed fund will infuse 65-100 per cent in equities of companies operating in Brazil, Russia or China and listed on any recognized stock exchange, says the offer document. The fund will have the option of infusing up to 35 per cent in Indian equities and equity-related securities or money market instruments, debt securities instruments. The fund will be benchmarked against the MSCI -BRC (Brazil, Russia & China) Index. The RBI in April 2008 increased the overall overseas investment limit for the mutual funds from $5 billion to $7 billion.

Mirae MF Revises Load Structure For Asset Liquid Plus Fund

Mirae Mutual Fund has announced the revision in the exit load structure for Mirae Asset Liquid Plus Fund.

According to the revised load structure, the fund will charge an exit load of 0.10% if the investment is redeemed within 7 days from the date of allotment. Before revision of the load structure, the fund was charging an exit load of 0.10% if the investment is redeemed within 30 days from the date of allotment.

There is no change in entry load i.e. the Mirae Asset Liquid Plus Fund will not charge an entry load.

The aforesaid changes are to be done with effect from 12 May 2008.

Mirae Asset MF Files An Offer Document

Mirae Asset MF plans to launch Mirae Asset Global Commodity Stocks Fund and it is an Open ended equity fund. The investment objective of the scheme is to generate long term capital appreciation through an actively managed portfolio investing in equity and equity related securities of companies that benefit either directly or indirectly from commodity price movements, with at least 65% of the corpus invested overseas in Asia Pacific and Emerging Markets.

The investors will have the choice of two options viz. Dividend Option and Growth Option. Dividend Option shall have the choice of dividend payout, dividend reinvestment and dividend transfer options. Systematic Investment Plan (SIP) / Systematic Withdrawal Plan (SWP) / Systematic Transfer Plan (STP) will be available in the Scheme.

Mirae Asset MF Files An Offer Document

Mirae Asset Mutual Fund filed an offer document to launch Mirae Asset Interval Fund. It is a debt oriented interval scheme. The scheme will have two plans i.e. monthly and quarterly plans. Monthly plan will have two Series i.e. Series I and Series II and quarterly plan will have three series i.e. Series I, Series II and Series III. The objective of the scheme is to seek to generate returns with low volatility through a portfolio of debt and money market instruments with a provision to offer liquidity at periodic intervals.

Mirae Asset MF Collects Rs.70 Cr Via Opportunity Fund

Mirae Asset mutual fund has collected Rs 80 crore through its Mirae Asset India Opportunities Fund during its initial offer period from 11 February 2008 to 11 March 2008. Mirae Asset India Opportunities Fund is an open-ended equity oriented fund. The objective of the scheme is to seek to generate long-term capital appreciation by capitalizing on potential opportunities through predominantly investing in equities and equity related securities.

The scheme provides regular and institutional plans with growth and dividend payout option. Dividend option shall have the choice of dividend payout; dividend reinvestment and dividend transfer options. The scheme will invest 65%-100% Indian equities and equity related securities and 0-30% in money market instruments and debt securities investments.

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.

Mirae Asset MF Launches New Liquid Fund

Name of Fund: Mirae Asset Liquid Fund

Scheme: It is an open ended liquid scheme.

Objective: The primary investment objective of the scheme is to seek to generate reasonable returns with low volatility and higher liquidity through a portfolio of debt and money market instruments. The scheme does not guarantee any returns.

Fund Opens: 27 February 2008

Fund Closes: 3 March 2008

Face Value: Rs 1000 per unit.

Investment Options: The scheme will have super institutional, institutional and regular plans. The scheme offers growth, bonus and dividend option under each plan.

Dividend frequency: The scheme offers dividend with facility of dividend reinvestment on daily, weekly and monthly dividend. It also offers dividend transfer and monthly dividend payout option.

Entry Load:The scheme will not charge any entry load and exit load during the initial offer.

Asset Allocation: The scheme invest 0-100% in money market instruments. It may have investment of 0-100% in debt instruments with residual maturity and re-pricing tenor not exceeding 1 year. The scheme may have exposure up to 50% of the net assets in securitised debt. Debt instruments include securitized debt up to 50% of net assets. The scheme may invest in derivatives up to 50% of the net assets of the scheme. In addition, the scheme may also invest in foreign securities up to 25% of net assets of the scheme.

Minimum Investment Amount: The minimum investment amount under regular plan is Rs 5000 and in multiple of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 1 crore and in multiple of Re 1 thereafter. The minimum investment amount under super instituinal plan is Rs 10 crore and in multiple of Re 1 thereafter.

Benchmark Index: CRISIL Liquid Fund Index

Fund Manager: Mr. Murthy Nagarajan

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.

Mirae Asset MF Files An Offer Document

Mirae Asset MF plans to launch Mirae Asset Short Term Bond Fund and it is an open-ended debt scheme. The objective of the scheme is to seek to generate reasonable returns through an actively managed diversified portfolio of debt and money market instruments.

Asset Allocation: The fund will invest 40-100% in money market instruments and debt instruments with residual maturity and repricing tenor not exceeding 1 year. It may invest 0-60% in debt instruments with residual maturity and repricing tenor exceeding 1 year including securitized debt up to 50% of net assets. The scheme may invest in derivatives up to 100% of the net assets of the scheme. In addition, the scheme may also invest in foreign securities up to 25% of net assets of the scheme. The scheme may invest in derivatives up to 100% of the net assets of the Scheme for the purpose of hedging and portfolio balancing purposes. The scheme may invest in foreign securities up to 25% of net assets of the scheme.