Mirae Asset India Opportunities Fund –Regular Growth has received the following ratings:
- Fund Ratings
a. The fund has received the CRISIL FUND RANK 1^ (assigned to the top 10 percentile funds) in "Open Ended Diversified Equity" category - 69 schemes - for the 4th consecutive quarter, latest being March 2011.
b. #Value Research- rated “” (5 star) - Open Ended Equity: Large & Mid-cap category - 61 funds - 3 year period ending on April 30, 2011.
c. &Morningstar - Rated “”(5 star) - Morningstar® Category: India OE Large Cap category, Morningstar® Category Index: IISL S&P/CNX Nifty PR INR - 273 funds - 3 year period ended April 30, 2011.
d. *Lipper Rating – 5, Lipper Leaders on total return performance, Classification: 'Equity India' - 268 funds - 3 year period ended April 30, 2011. - Performance returns: Generated CAGR returns of 17.28% vis-à-vis 6.27% (benchmark index - BSE 200) since inception. (Inception date: 04.04.2008).
Mirae Asset India Opportunities Fund (MAIOF), the flagship fund of Mirae Asset Mutual Fund has been conferred the top rating by four reputed mutual fund rating agencies.
It has received Fund Rank 1 from CRISIL^ for the 4th consecutive quarter, the latest being March 2011. In addition, it has been conferred 5 STAR rating by Value Research#, Morning Star& and Rating 5 – Lipper Leaders by Lipper* based on its 3-year track record as on 30th April 2011. Launched in April 2008, MAIOF is an open ended equity oriented scheme which seeks to invest in stocks across market caps and sectors without any bias.
Commenting on the occasion, Mr. Arindam Ghosh, CEO, Mirae Asset Global Investments (India) Pvt. Ltd., said “We are deeply encouraged that Mirae Asset India Opportunities Fund has been conferred the top rating by highly reputed rating agencies like CRISIL, Value Research, Lipper and Morningstar. These ratings are a direct acknowledgement of our fund’s impressive track record driven by a distinct investment philosophy and rigorous research oriented approach”.
The ratings assigned by individual agencies primarily consider the fund’s risk adjusted returns over a 3 year time period. The other key parameters include sectoral concentration, company concentration, consistency in returns, etc. Fund ratings are important information sought by investors since it allows them to gauge a fund’s track record across key performance measures.
| Fund Performance track record (CAGR) | ||||
| 1 year | 2 years | 3 years | Since inception | |
| MAIOF | 10.92% | 42.16% | 15.57% | 17.28% |
| Benchmark: BSE -200 | 4.65% | 27.23% | 3.32% | 6.27% |
| Outperformance to benchmark | 6.27% | 14.93% | 12.25% | 11.01% |
| Past performance may or may not be sustained in future and is no guarantee of future results. | ||||
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Inception date (deemed to be the date of allotment): 04.04.2008. Data based on NAV of Rs. 16.41(Regular plan – Growth option) as on 15.05.2011. The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. The Past performance may not necessarily be an indication of future results and may not provide basis of comparison with other investment. CAGR – Compounded Growth Annualized Returns.
About Mirae Asset
Mirae Asset Global Investments (India) Pvt. Ltd. is a wholly-owned subsidiary of Mirae Asset Global Investments Co. Ltd. In less than a decade, Mirae Asset Global Investments Co. Ltd. has become one of the world’s largest investors in emerging market equities managing total assets of over USD 52.5 billion## (approx Rs. 2,35, 745 crores) as on April 2011.
Headquartered in South Korea, Mirae Asset Global Investments 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 Co. Ltd.
Disclaimer and Ranking Methodology
^CRISIL Ranking Methodology : Mirae Asset India Opportunities Fund- Regular - Growth 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 March 2011. 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 March 2011, Sectoral concentration, Company concentration and liquidity of the scheme. The ranking methodology did not take into account entry and exit loads imposed by the Fund. There were 69 schemes considered in the “Open Ended Diversified Equity” category for the quarter ended March 2011 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 CRISIL Mutual Fund Rank is no indication of the performance that can be expected from the scheme in future. The ratings are subject to change every quarter. Source: www.crisilfundservices.com Publisher: CRISIL Fund Services, CRISIL Limited.
#Value Research Rating Methodology - Mirae Asset India Opportunities Fund- Regular - Growth, has been rated “iiiii” (5 star) by Value Research in the Open Ended Equity: Large & Mid-cap category & rated among Top 10% of funds out of 61 funds for the 3 year period ending on April 30, 2011. The fund has been assigned 'above average' on risk grade and 'high' on returns grade. Value Research Fund Rating is a composite measure of historical risk-adjusted returns. In case of equity funds, this rating is based on the average monthly returns for the last 3- and 5-year period. The rating does not take into consideration any entry or exit load. Value Research ratings do not rate an equity fund with less than 3-year performance track record. Further, each category must have a minimum of 10 funds for it to be rated and a fund with less than Rs.5 crores of average AUM in the past six months is not eligible for rating. Five stars indicate that a fund is in the top 10% of the category. The Value Research ratings are published in Mutual Fund Insight and Monthly Mutual Fund Performance Report. These ratings are subject to change every month. The ratings are based on primary data provided by the fund and Value Research does not guarantee the accuracy. Publisher: Value Research India Private Limited.
&Morning Star Rating Methodology - Mirae Asset India Opportunities Fund – Regular - Growth has been rated “iiiii” (5 star) in the Morningstar® Category: India OE Large Cap category, with Morningstar® Category Index: IISL S&P/CNX Nifty PR INR. There were 273 funds (which completed 3 years of performance) considered in this category for the rating exercise for the 3 year period ended April 30, 2011. The Morningstar fund rating methodology is based on a fund's risk-adjusted return within a given Morningstar category. Morningstar ratings are calculated every month for the 3 year, 5 year and 10 year period. Within each rating period, the top 10% funds receive a five star rating, the next 22.5% earn a four star rating, the next 35% get three stars, the next 22.5% receive two stars, and the bottom 10% get one star. Loads are not considered for the rating purpose. The rating is based on NAV provided by the fund. Rating Source & Publisher:
Morningstar.© 2011 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the confidential and proprietary information of Morningstar; (2) may not be copied or redistributed; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don't make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
*Lipper Rating Methodology: Mirae Asset India Opportunities Fund (MAIOF) - Growth, in Lipper's “Equity India” classification, received the following ratings for the 3 year period ended 30th April, 2011 (268 funds considered in the category): Total Return: Highest Lipper rating of 5, Lipper leaders. Lipper ratings for Total Return reflect funds' historical total return performance relative to peers as of April 30, 2011. The ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Total Return metrics over three-, five-, and ten-year periods (if applicable). The highest 20% of funds in each peer group are named Lipper Leader or a score of 5 for Total Return, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2, and the lowest 20% are scored 1. Lipper Leader ratings are not intended to predict future results and Lipper does not guarantee the accuracy of this information. More information is available at www.lipperweb.com. Lipper Leader Copyright 2010, Reuters, All Rights Reserved.
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.
