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/

Sensex beats equity mutual funds

Diversified Indian equity (stock) mutual funds lagged the benchmark Sensex in March due to higher allocation to cash and exposure to mid- and small-sized companies.

Such funds posted an average return of 7.67 percent in the month, lower than the 9.1 percent gains the Sensex registered, data from global fund tracker Lipper showed.

* Diversified stx funds' cash levels at highest since July 2009

* Higher cash, mid- & small-cap exposure acts as deterrent

* Banking funds shine, post 10.5 percent average return

Funds with higher cash exposure in the end of February probably missed out partially on the rally in markets in March and thus underperformed during the month, said Dhruva Raj Chatterji, senior research analyst at Morningstar India.

Diversified equity funds had 7.82 percent of their assets allocated to cash as of end-February, their highest level since July 2009, according to Morningstar India data.

Our data shows that the bottom ten performing diversified equity funds in March had an average cash allocation of close to 15 percent, Chatterji added.

Exposure to mid- and small-cap stocks, which accounted for more than a third of such funds' assets as of end-February, also acted as a deterrent as such companies underperformed their larger peers in March.

The BSE Mid-cap index gained 7.8 percent, while the index rose 4.6 percent during the month.

Exposure to the capital goods sector, one of managers' top bets in India which accounts for nearly a quarter of such funds assets, was unable to boost unit values as the sectoral index gained 6.7 percent and lagged the broader market.

However, banking funds remained star performers of the month, recording an average return of 10.5 percent, Lipper data showed.

The BSE Banking index rose 12.3 percent in March, on hopes that the Indian economy would continue to grow at a fast pace, and in turn boost demand for loans. It's (the banking sector) the backbone of everything, said T P Raman, Managing Director at Sundaram Mutual Fund. With the infrastructure story gaining pace, the banks will have an increasing role to play.

Indian fixed income funds that invest in government debt returned an average 0.62 percent, as the yield on benchmark 10-year bond fell three basis points in March.

Source: http://www.financialexpress.com/news/sensex-beats-equity-mutual-funds/771861/0