Mirae Asset India Opportunities Fund
Mirae Asset India Opportunities Fund is an open ended equity oriented scheme from Mirae Asset Global Investment Management. This stock helps in generating income in identifying and investing in such stocks which have the capacity to generate appreciation long term.
The fund was launched almost 2 years back, in the year 2008 and was the first equity fund from MAGIM. It has outperformed its benchmark index. It has given 110% returns in the last one year, largely due to the market recovery.
It has a relatively small asset size which gives it the flexibility to move with the market and capitalize on the opportunities. To minimize the risk during volatile market situations, the scheme offers flexibility to diversify to across sectors, market caps and investment styles.
Its consistent performance during volatile market is largely due to its distinct investment style which is bottom up and flexible stock picking across large, medium and small market caps and sectors like infrastructure, banking etc. Bottom up approach is picking up stocks after doing extensive research and analysis on stocks and companies. Only companies with sound fundamentals with great future prospects are chosen in a bottom up approach. So, there portfolio is focused on businesses which have good management, and need little capital to grow.
- Investment objective: to generate long-term capital appreciation by capitalizing on potential investment opportunities through primarily investing in equity and equity linked instruments.
- Plans offered: Regular and Institutional plan
- Scheme options: Growth and Dividend (reinvestment and payout) options
- Benchmark Index: BSE 200 index
- Asset allocation: 65%-100% is the range of allocation of its assets in equity and related instruments. The debt allocation is in the range of 0- 35% ( money market instruments/ debt securities instruments)
- Terms of issue:
- For lump sum, minimum application amount is Rs. 5000 and multiples of Re. 1 thereafter
- For SIP, the minimum installment amount is Rs. 1000 and multiples of Re. 1 thereafter
- Minimum 6 installments on a monthly basis of Rs. 1500 and multiples of Re 1 thereafter
- Loads: Entry load is nil; Exit load is 1 % if redeemed within 1 year from the date of allotment. If redeemed after 1 year from the date of allotment, then there is no Exit load.
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