>MIRAE ASSET EMERGING BLUECHIP FUND (SMC)
INVESTMENT OBJECTIVE:
To generate income and capital appreciation from a diversified portfolio predominantly investing in Indian equities and equity related securities of companies which are not part of the top 100 stocks by market capitalization and have market capitalization of at least Rs.100 Cr. at the time of investment. From time to time, the fund manager may also seek participation in other Indian equity and equity related securities to achieve optimal Portfolio construction.
ASSET ALLOCATION PATTERN
The scheme will invest between 65-100% of funds available predominantly in Indian Equities and Equity Related Securities of companies, which are not part of the top 100 stocks by market capitalization and have market capitalization of at east Rs.100 Cr. Fund Manager also has a liberty to invest 0-35% of its net asset other Indian Equities and Equity Related Securities and 0-35% of its net asset will be invested in Debt securities and Money Market Instruments.
COMPANY PROFILE
Mirae Asset Global Investments (India) Pvt. Ltd. is a wholly owned subsidiary of Mirae Asset Financial Group head quartered in Seoul, South Korea. Globally, the diversified businesses of Mirae Asset Financial Group offer a range of services including asset management, life insurance, securities and capital & venture investments. Mirae Asset Mutual Fund was established by Mirae Asset Investment Management Company Limited, as a Trust under the Indian Trusts Act, 1882, in terms of the Trust Deed dated October 11, 2007 and is registered under Indian Registration Act, 1908. The Sponsor of Mirae Asset Mutual Fund (MAMF) is Mirae Asset Investment Management Company Limited, a company incorporated in South Korea. Mirae Asset Investment Management Company (MAIM) is a part of Mirae Asset Financial Group (Mirae Asset). It was established in 1997 and is South Korea's leading independent financial services provider. The Sponsor holds 83.28% of the paid up equity capital of the AMC, where as Mirae Asset MAPS Investment Management Co. Ltd holds the balance 16.72%.
Mirae AMC had average Assets Under Management of Rs. 245 cr. as on 30th April 2010 and holds thirty-fourth positions among the thirty-eight members fund family in terms of average AUM.
RISK PROFILE & SUITABILITY
The fund aims to invest primarily in mid cap stocks. Since such stocks offer high growth potential with higher volatility and offer high returns combined with high risk. This fund is suitable for those aggressive investors who have the appetite to bear high risk with view to gain high returns than any equity diversified fund or may like to have an exposure to mid cap stocks.
To read the full report: MIRAE ASSET BLUECHIP FUND
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