Friday, November 29, 2013

Fund Review :- Mirae Asset India Opportunity Fund :- Must Have To Your Portfolio

Fund Review
Mirae Asset India Opportunity Fund
Add A Must Have To Your Portfolio

Your favorite dish has lots of ingredients added for taste, but without ‘Salt’ it won’t taste the same. Similarly to build a robust portfolio, you need to invest in the right funds. Consider Mirae Asset India Opportunities Fund, a diversified equity fund that invests across sectors and market caps. It’s a Must Have for your portfolio.

Mirae Asset India Opportunities Fund is a diversified equity fund, with current bias towards large cap stock.
  • Early-cycle investing: Identifies future growth trends at an early stage.
  • Focuses on companies with sustainable competitive advantages - Stocks which have strong pricing power & are sector leaders.

The Fund was launched in April 2008 under tough economic conditions; the fund has consistently outperformed its category and benchmark across varied time frames.

Since inception the fund has delivered 10.84% (CAGr) vs. 3.40% of benchmark thereby outperforming its benchmark (S&P BSe 200) by 7.44%. (as on 30.09.2013). Investment of rs.10,000/- in the scheme since inception would have grown to rs.17,600/- compared to rs.12,631/- of the Benchmark S&P BSe200.

The Fund is managed by Mr. Neelesh Surana & Mr. Gopal Agrawal

The Fund does not have any Entry Load, But Charges Exit load If redeemed within 6 months (182 days) from the date of allotment - 2.00%. If redeemed after 6 Months (182 days) but within 1 year (365 days) from the date of allotment - 1.00%. If redeemed after 1 year (365 days) from the date of allotment – Nil

Fund was launched on 4th April, 2008 ,currently having an Nav of Rs. 19.50 as on 31st October, 2013 for Growth Option & Rs. 13.0120 for Dividend Option, Current AUM of Fund stands around 279.91 Crore, As on October 2013, fund has allocated 18.26% in Banks, 5.33% in Automobile, 14.10% in Software, 10.61% in Pharma Sector & 4.21% in Telecom, 6.64% in Petroleum Products etc., .Fund has 7.31% in ICICI Bank, 7.09% in Infosys, 5.42% in HDFC Bank & 5.02% in HDFC Ltd as a stock holding as on October 2013.

Fund is having Regular Plans, Having Dividend,  Growth Option, Minimum Investment Required is Rs.5000 for Lump sum Investment , Subscription for SIP are Monthly – Rs. 1000, Fund is having criteria of Additional Purchase of Rs.1000 under the Plan.

Fund investments strategy remains to stay focused on high quality businesses, which can withstand current domestic and global headwinds. We are avoiding two pockets in the market, investing in companies with rich valuation as the margin of Safety is low and companies which are available at cheap valuations but with weak businesses models as we feel there are enough opportunities available outside these two pockets in the market.
Product is categorized under BROWN Category which is known as High Risk – High Return Category.

*Mutual Fund investments are subject to market risks, read all scheme related documents carefully.