Mirae Asset India Opportunities Fund - A consistent performer in its 3 yrs of track record

1. 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”.
   
2. 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)
3. 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.
   
4. 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.

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

Source: http://www.business-standard.com/india/news/mirae-asset-india-opportunities-fundconsistent-performer-in-its-3-yrstrack-record/431022/