FundSpeak. Mirae Asset Tower (centre) stands proudly among the high rises dotting the Shanghai Skyline.

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1 FundSpeak SEPTEMBER 2012 Mirae Asset Tower (centre) ands proudly among e high rises dotting e Shanghai Skyline.

2 Market Commentary Indian Equity Markets Indian Equity Markets traded in a tight range in Augu wi e Nifty and e BSE Sensex up by 0.5% and 1% respectively. The broader market underperformed wi e BSE Midcap and Smallcap correcting by 0.1% and 0.8% respectively. The sentiments were negatively impacted by weak global cues, logjam in parliament over corruption issues and absence of any policy reforms. BSE IT was e be performing sector in Augu as it was up 8.3%. Defensive sectors like BSE FMCG and Healcare also performed rongly wi 6.2% and 5% gains. YTD FMCG and Healcare are e be performing sectors. Intere rate sensitive sectors like Realty, Bankex performed badly wi losses of 7.7% and 3.3%. Weak commodity prices impacted by slowdown lead to BSE Metal correcting by 7.5% in Augu. Outlook on Indian Markets The valuations of e India market at 13.6x FY 13 earnings (ill close to 8% discount to 10 year average of 14.7), at reasonably attractive and provide an intereing entry point. The 2nd quarter results didn t row any major negative surprises and e monsoon showed good progress in Augu wi e overall rain deficit reducing from 30% to 10% by Augu end. Performance of equity markets from hereon would be contingent to e government s plan towards fiscal consolidation & eps taken to spur grow rough economic reforms and global cues. We feel inveors should not be perturbed by e market volatility and should remain focused on eir long term goals. Inveors should diversify eir portfolios across asset classes & monitor eir exiing asset allocation inline wi eir long term goals for rebalancing eir portfolio s. Considering e improvement in e macro conditions/environment, we believe dips should be utilized to increase allocation towards equities. We feel Inveing syematically (or agger in tranches) is e be approach to inve in e equity markets. Indian Debt Markets WPI-based inflation declined to a 32-mon low of 6.87% in Jul'12 again e market expectations of 7.4%. The inflation in e current mon ood much less an 7.25% a mon ago and 9.36% a year ago, primarily due to a sharp fall in prices of fuel products and partly on account of high base effect. The inflation reading for e mon of July was a positive surprise, but it is premature to conclude at e inflation has been tamed. It is expected at deficient-monsoon induced supply shocks and higher global food prices to push primary (food and non-food) inflation higher in e coming mons. This, along wi an impending fuel price hike, oil prices already above USD 110/bbl & a delayed adjument to electricity prices. GDP for e Q was at 5.5% over e same quarter la year. The fall in GDP grow can be interpreted in bo positive and negative ways for bond markets. The raising expectations of rate cuts by e RBI can be taken in positive ways and absolute govt. borrowing number for second half of can hit in negative ways. From RBI`s policy atement it is clear at e RBI will wait for e government to take decisive eps like fuel prices hike to bring down e fiscal deficit and look for signs of a suainable moderation in inflation before re-initiating e rate cutting cycle. The fiscal deficit continued to rise eeply and reached about 37% of budgeted deficit for e year wiin e fir quarter itself due to a sharp increase in expenditure, despite a significant grow in tax receipts. The fiscal deficit may continue to witness similar trends in e coming mons owing to e fall in corporate profits at may lead to a slowdown in tax revenues and an expected eady rise in expenditure. Liquidity deficit rose during e la week of Augu 2012 as RBI infused average net liquidity wor ` 47,784 Cr in la week of Augu. It is expected at e LAF figures will show significant ease in liquidity conditions on account of government spending backed wi lower credit off take. INDIA EQUITY MARKET: Returns 1 Mon YTD BSE Sensex 1.1% 12.8% BSE Midcap -0.1% 16.9% BSE SmallCap -0.8% 15.2% BSE Heal Care 5.0% 27.7% BSE Realty -7.7% 9.8% BANKEX -3.3% 25.8% BSE Oil & Gas 0.6% 9.1% BSE PSU -2.3% 9.0% BSE Power -1.4% 4.2% BSE Auto 1.4% 13.5% BSE FMCG 6.2% 32.7% BSE Metal -7.5% 4.2% BSE IT 8.3% 0.6% Source: Bloomberg, 31 Augu, 2012 DEBT MARKET Debt Market 31-Aug Jul-12 Call Rate 7.97% 8.05% 3 Mon CD 8.49% 8.80% 3 Mon CP 8.80% 9.33% 12 Mon CD 9.07% 9.15% 12 Mon CP 9.68% 9.88% 10 yr. G-sec 8.24% 8.25% Source: Bloomberg, 31 Augu, 2012 Impact on Intere rates Factors Short Long Term Term Inflation Neutral Positive Neutral Positive RBI Policy Neutral Neutral Fiscal deficit Neutral Negative Bank Credit- Negative Neutral Deposit Syemic liquidity Positive Positive Debt market outlook: Bond traders and inveors are worried on uncertainty over e RBI ance on cutting e rates and on government finances. The RBI, despite signs of grow and inflation coming off, is maintaining a hawkish ance on inflation. Based on e facts, we are expecting a total of 50bp in cuts to e repo rate in current fiscal however it is very difficult to ascertain e timing of e same. Looking at all ese developments it is expected at 10 year GOI yields will be range bound between 8.15 to 8.30%.

3 Market Commentary Currency Markets The Dollar Index was down by 1.7% is mon which aided Rupee s bounce and gain of 0.5% is mon again e dollar. FII Flows continue to be robu wi FII purchasing ocks wor ` 9,730 Crores in Augu; however MF continues to be sellers wi net sales of 1,600 Crores is mon FDI inflow in India plunged for e ird mon in a row in June to $1.24 billion from $5.65 bn a year-ago. Global Markets The jobless rate in e euro area reached e highe on record at 11.2 %.in June. However employers in e U.S. added more workers an foreca in July, easing concern e ree-year expansion is faltering. The ECB refrained from cutting intere rates and left e benchmark rate at a record low of 0.75 %. The euro zone economy narrowly skirted recession in e fir half of e year. GDP shrank by 0.2% in Q2. The USA economy fared slightly better an initially ought in e Q2. GDP expanded at 1.7%, higher an initial eimate of 1.5%. Among major global indices NASDAQ was e be performing market as it went up by 4.3% in Augu, buoyed by rong economic data from US. China s Shanghai Composite Index continued its poor performance and was e wor performing in Augu as it fell by 2.7%.It is also e wor performing market YTD wi close to 7% correction. German DAX is e be performer market YTD. China Markets Chinese ock markets are underperforming as economic data from China is highlighting at e economy is cooling down. China indurial production slowed to 9.2% yoy in July e weake increase in China's indurial production seen in more an ree years. China Exports rose ju 1% over a year earlier while Import grow fell to 4.7%. FDI invement into China hit a two-year low in July & fell by 8.7% YoY and e eigh drop in nine mons. China's factory activity in Augu shrank at its fae pace in nine mons. The HSBC Flash China manufacturing purchasing managers index (PMI) fell to 47.8 in Augu, its lowe level since November, from 49.5 in July. However wi Inflation way below comfort level, e Central Bank will take monetary policies to spur e economy. China s inflation cooled to 1.8 % yoy, a 30-mon low, while e PPI fell 2.9% from a year ago to hit a 33-mon low. PBOC carried out reverse repurchase agreement (repos) operations injecting 278 bn yuan of liquidity into banks. The liquidity injected was equal to cutting banks' reserve requirement ratio (RRR) by about 30 bps. Commodities Market Commodity markets performed well for e second mon in a row; e longe of such performances in more an a year; e rally is driven by easing hopes from central bankers and weakness in Dollar Index. Crude Oil bounced very rongly from e lows made in July. Brent Crude was up 10.3%. Precious metals Gold and Silver also saw smart rallies wi bo gaining 4.8% and 13.4% respectively. However higher gold prices are having an adverse impact on Gold demand, which fell to its lowe level in more an 2 years in e Q2, as a drop in buying in major consumers India and China. The prices of Agri-commodities too shot up due to e drought in Midwe US (world s bigge agricultural exporter). Base Metals saw mild recovery due to weak global manufacturing data and slower GDP grow in India and China. Especially e slowdown in China has affected some base metal prices like Nickel are trading at lows for is year. Outlook - Expectation of peripheral, bond buying and new round of LTRO is keeping e precious metals higher. Till e end of Sept 2012 crude prices are expected to remain high due to e shutdown in Nor Sea. However, rise in Saudi Arabia s crude oil production can cap sharp gains in e prices. CURRENCY MARKET: PERFORMANCE 1 Mon YTD Dollar Index -1.7% 1.3% INR/USD 0.50% -4.3% Source: Bloomberg, 31 Augu 2012 FII & MF ACTIVITY: FII Activity Net Purchase/ Sales GLOBAL EQUITY MARKETS COMMODITY MARKET: MF Activity Net Purchase/ Sales Aug-12 9,730-1,600 YTD 63,839-9,814 Country Index 1 Mon YTD India SENSEX 1.1% 12.8% NIFTY 0.6% 13.7% Hong Hang -1.6% 5.7% Kong Seng Brazil BOVESPA 1.7% 0.5% Japan NIKKEI 1.7% 4.6% Russia MSCI 0.9% 1.9% Russia US Dow Jones 0.6% 7.2% NASDAQ 4.3% 17.7% China Shanghai -2.7% -6.9% Composite Germany DAX 2.9% 18.2% Source: Bloomberg, 31 Augu 2012 China Market Outlook : China market continued to be range bound in Augu. Overall inveors sentiment is ill weak, so market is trading in a narrow range for la few mons. For China Market macro uncertainties are ill ere, but valuations are cheap and we ink many negative factors are already reflected in e market. Particulars 1 Mon YTD Nymex Crude 9.2% -2.1% Brent Crude Oil 10.3% 9.6% LME Aluminium 1.7% -5.6% LME Copper 0.7% 0.2% LME Nickel 0.6% -15.1% LME Zinc -0.9% -0.6% Gold 4.8% 8.2% Silver 13.4% 14.0% Source: Bloomberg, 31 Augu, 2012

4 Mirae Asset India Opportunities Fund (An open ended equity oriented scheme) Factsheet data as on 31 Augu, 2012 Style Box Marketcap Large Mid Small Invement Philosophy Value Blend Style Mirae Asset India Opportunities Fund is a largecap focused equity diversified fund. The fund is flexible in terms of inveing across Invement yles, Themes, Sectors & Market-caps. The fund inves in fundamentally rong & reliable businesses which have suainable competitive advantages wi rong pricing power, rong cash flows and are sector leaders. Fund Invement Strategy: Our approach is bottom-up and ock specific, as we believe at deviation in returns wiin a sector would continue. In regards to e current market situation, we are focussing on companies which can deliver rong cash flows. We are positive on private sector banks, IT, pharma, media and auto ancillaries. We are avoiding two pockets in e market, inveing in companies wi rich valuation as e margin of safety is low and companies which are available at cheap valuations but wi weak businesses models as we feel ere are enough opportunities available outside ese two pockets in e market. Portfolio Top 20 Holdings % allocation ICICI Bank Ltd Infosys Ltd Housing Development Finance Corporation Ltd HDFC Bank Ltd ITC Ltd Reliance Induries Ltd Larsen & Toubro Ltd State Bank of India 2.89 Apollo Tyres Ltd Bharti Airtel Ltd Oil & Natural Gas Corporation Ltd Amara Raja Batteries Ltd Gateway Diriparks Ltd Zee Entertainment Enterprises Ltd Tata Consultancy Services Ltd Federal Bank Ltd Titan Induries Ltd Maruti Suzuki India Ltd Godrej Consumer Products Ltd Divis Laboratories Ltd Oer Equitits Equity Holding Total Cash & Oer Receivables 2.35 Total Holdings Allocation - Top 10 Sectors Media & Entertainment Oil Petroleum Products Auto Auto Ancillaries Finance Consumer Non Durables Pharmaceuticals Software Banks 3.30% 3.87% 4.46% 5.53% 6.29% 6.50% 7.87% 8.67% 12.11% 16.57% 22.48% Indurywise classification as recommended by AMFI. Key Information Fund Managers: Gopal Agrawal & Neelesh Surana & Experience: Managing is fund since April Gopal Agrawal : Over 12 years of experience in Fund Management. Neelesh Surana : 17 years of experience in Financial Services including Fund Management Allotment Date: April 04, 2008 NAV ( ) : Plan : Dividend Plan : Benchmark Index: BSE 200 Quarterly Avg AUM (` Cr) ( ) Minimum Invement: Regular : ` 5,000 (multiples of ` 1 ereafter). Initutional : ` 5 crores (multiples of ` 1 ereafter) Syematic Invement Plan (SIP): ` 1,000/- (multiples of ` 1/- ereafter), minimum 6 inallments (Monly), ` 1,500/- (multiples of ` 1/- ereafter), minimum 4 inallments (Quarterly) Load Structure : Entry load - Nil, Exit load- Redemption wiin 1 year (365 days) from e date of allotment (including SIP/ STP/SWP) %. Redemption after 1 year (365 days) from e date of allotment - NIL. Dividend Hiory Record Date 22-Mar Dec-10 9-Sep-09 Dividend ` 1.50 per Unit ` 1.50 per Unit ` 0.90 per Unit Performance Report Mirae Asset India Opportunities Fund (MAIOF) NAV at e end of e Returns Returns Returns Value(INR) Value(INR) Value(INR) period ( ` per unit) MAIOF BSE 200 Sensex MAIOF BSE 200 Sensex 30 June June % -7.63% -7.51% 9,512 9,237 9, June June % 2.96% 6.47% 11,168 10,296 10, June June % 27.22% 22.13% 14,770 12,722 12, June June % 7.48% 7.67% 11,558 10,748 10,767 Since Inception(CAGR) 29 June % 2.84% 3.05% 15,995 11,262 11,360 Index Value (29 June, 2012) Index Value of BSE 200 is and Index value of Sensex is Apr-08 Scheme Benchmark BSE 200 Note : The performance of oer funds managed by e same fund managers are given in e respective page of e schemes. SIP Performance Mirae Asset India Opportunities Fund SIP Invement Since Inception SIP 3 Year SIP 1 Year SIP Total Amount Inveed 50,000 36,000 12,000 Mkt Value as of 29 June ,850 38,900 12,358 Return(Annualized)(%) 14.76% 5.11% 5.62% Benchmark Return(Annualized)(%) 6.25% -0.78% 4.18% Add. Benchmark Return(Annualized)(%) 6.13% -0.03% 4.19% Pa Performance may or may not suained in future. BSE 200 Index. Sensex Index. SIP Invement Date is taken as 1 of every Mon. Ratios (Annualised) Volatility 30.72% Beta 0.96 R Squared 0.97 Sharpe Ratio 0.23 Information Ratio 1.57 Total Expense Ratio 2.35% Portfolio Turnover Ratio^ 0.61 times The Volatility, Beta, R Squared, Sharpe Ratio & Information Ratio are calculated since Inception date of e fund. Risk free rate is assumed to be e 91 day T bill yield. Average calculated from September 11 to Augu 12. ^Basis la rolling 12 mon.

5 Mirae Asset Emerging Bluechip Fund (An open ended equity fund) Factsheet data as on 31 Augu, 2012 Style Box Marketcap Large Mid Small Invement Philosophy Mirae Asset Emerging Bluechip Fund is a Mid-cap focused fund which gives inveors e opportunity to participate in e grow of e emerging companies which have e potential to be tommorrow s large caps. The fund primarily inves in e ocks wi atlea 100 crores market cap and which are not a part of top 100 ocks as per market cap (as per NSE) at e time of Invement. The fund inve in companies wi rong balance sheet and robu cash flows & earning grow expectations at may perform creditably over e medium to long term. Fund Invement Strategy: Blend Value Style Our approach in e above context, is bottom-up and ock specific, as we believe at deviation in returns wiin a sector would continue. In regards to e current market situation, we are positive on private sector banks, IT, pharma, media and auto ancillaries. Based on our market outlook, we will keep e current balanced portfolio to inve across large, mid and small cap segments and regard market lows as buying opportunities. We are avoiding two pockets in e market, inveing in companies wi rich valuation as e margin of safety is low and companies which are available at cheap valuations but wi weak businesses models. Performance Report Mirae Asset Emerging Bluechip Fund (MAEBF) Portfolio Top 20 Holdings % allocation Amara Raja Batteries Ltd Apollo Tyres Ltd Divis Laboratories Ltd Federal Bank Ltd Gateway Diriparks Ltd IPCA Laboratories Ltd ICICI Bank Ltd Gujarat Mineral Development Corp. Ltd Godrej Consumer Products Ltd CMC Ltd Rallis India Ltd Cadila Healcare Ltd Bank of Baroda 2.24 Exide Induries Ltd Gujarat State Petronet Ltd Venkys India Ltd Zee Entertainment Enterprises Ltd Cummins India Ltd Titan Induries Ltd Tata Chemicals Ltd Oer Equities Total Equities Cash & Oer Receivables 3.16 Total Holdings Allocation - Top 10 Sectors Minerals/Mining Consumer Durables Transportation Media & Entertainment Software Finance Consumer Non Durables Auto Ancillaries Banks Pharmaceuticals Key Information NAV at e end of e Returns Returns Returns period ( ` per unit) MAEBF CNX Midcap Sensex 30 June June % -7.77% -7.51% Index Value (29 June, 2012) Index Value of CNX Midcap is and Index value of Sensex is July-10 Scheme Benchmark CNX Midcap Index 2.83% 3.07% 3.80% 3.96% 5.51% 6.82% 9.63% 11.95% 13.65% 13.88% 21.73% Indurywise classification as recommended by AMFI. Fund Managers: Gopal Agrawal & Neelesh Surana & Experience: Managing is fund since April Gopal Agrawal : Over 12 years of experience in Fund Management. Neelesh Surana : 17 years of experience in Financial Services including Fund Management Allotment Date: July 09, 2010 NAV ( ): Plan : Dividend Plan : Benchmark Index: CNX Midcap Index Quarterly Avg AUM (` Cr) ( ) Minimum Invement: Regular : ` 5,000 (multiples of ` 1 ereafter). Initutional : ` 5 crores (multiples of ` 1 ereafter) Syematic Invement Plan (SIP): ` 1,000/- (multiples of ` 1/- ereafter), minimum 6 inallments (Monly), ` 1,500/- (multiples of ` 1/- ereafter), minimum 4 inallments (Quarterly) Load Structure : Entry load - Nil, Exit load - Redemption wiin 1 year (365 days) from e date of allotment (including SIP/ STP/SWP) %. Redemption after 1 year (365 days) from e date of allotment - NIL. SIP Performance Mirae Asset Emerging Bluechip Fund SIP Invement Since Inception SIP 1 Year SIP Total Amount Inveed 23,000 12,000 Mkt Value as of 29 June ,170 12,601 Return(Annualized)(%) 5.08% 9.50% Benchmark Return(Annualized)(%) -5.57% 3.37% Add. Benchmark Return(Annualized)(%) -3.15% 4.19% Pa Performance may or may not suained in future. CNX Midcap Index. Sensex Index. SIP Invement Date is taken as 1 of every Mon. Ratios (Annualised) Volatility 17.60% Beta 0.77 R Squared 0.92 Sharpe Ratio 0.04 Total Expense Ratio 2.47% Information Ratio 2.03 Portfolio Turnover Ratio^ 0.85 times The Volatility, Beta, R Squared, Sharpe Ratio & Information Ratio are calculated since Inception date of e fund. Risk free rate is assumed to be e 91 day T bill yield. Average calculated from September 11 to Augu 12. ^Basis la rolling 12 mon.

6 Mirae Asset Global Commodity Stocks Fund (An open ended equity fund) Factsheet data as on 31 Augu, 2012 Style Box Marketcap Large Mid Small Value Blend Invement Philosophy Mirae Asset Global Commodity Stocks Fund offers inveors access to commodity as an asset class by way of invements into commodity ocks of leading global companies involved directly or indirectly wi e commodities business. The fund primarily inves in ocks in Asia Pacific markets and emerging markets us offering inveors an avenue to diversify beyond local boundaries. The fund inves in companies which are sector leaders, have rong pricing power, operate under high co efficiencies and have scalable businesses which will provide support for long term grow. Fund Invement Strategy: The slowing grow in China and European debt issue has impacted e performance of commodities. The portfolio is inveed in companies which have rong pricing power and operate under high co efficiencies and hence can wiand e global financial crisis. This mon we have increased exposure to Integrated Oil & Gas, Petroleum Products and Oil & Gas Exploration & Production while we have reduced exposure to Fertilizers & Agricultural Chemicals, Coal & Consumable Fuels and Non - Ferrous Metals. Allocation - Top 10 Sectors Style Portfolio Holdings % allocation Equity Shares (Domeic - Top 10 Holdings Equities) Reliance Induries Ltd Oil & Natural Gas Corporation Ltd Coal India Ltd Hindalco Induries Ltd GAIL (India) Ltd Jindal Steel & Power Ltd Ultratech Cement Ltd Tata Steel Ltd Ambuja Cements Ltd Gujarat Mineral Development Corp. Ltd Oer Domeic Equities 5.63 Equity Shares (International-Top 10 Holding) BHP Billiton Ltd PT Semen Gresik (Persero) TBK 3.94 Oil Search Ltd Cnooc Ltd Petroleo Brasileiro PFD SHS 3.52 Beijing Enterprises Holdings Ltd Vale SA 3.13 Tambang Batubara Bukit Asam Ltd Jiangxi Copper Company Ltd China National Building Materia Ltd Oer International Equities Equity Total Cash & Cash Equivalents 0.82 Total Holdings Key Information Fund Manager : Gopal Agrawal, Neelesh Surana, & Sumit Agrawal. Experience : Gopal Agrawal : Over 12 years of experience in Fund Management, Neelesh Surana : 17 years of experience in Financial Services including Fund Management, Sumit Agrawal : (Overseas Invements) : 7 years of experience in Equity Research Analysis. Allotment Date: Augu 20, 2008 NAV ( ) : Plan : Dividend Plan : Benchmark Index: MSCI Asia Pacific ex Japan and India Energy & Materials Index (55%),+ MSCI Brazil Energy & Materials Index (10%) + MSCI India Energy & Materials Index (35%) (wi 10/40 Index Meodology). Quarterly Avg AUM(` Cr) : ( ) Minimum Invement: Regular : ` 5,000 and in multiples of ` 1/- ereafter Syematic Invement Plan (SIP): ` 1,000/- (multiples of ` 1/- ereafter), minimum 6 inallments (Monly), ` 1,500/- (multiples of ` 1/- ereafter), minimum 4 inallments (Quarterly) Load Structure: Entry load - Nil, Exit load - Redemption wiin 1 year (365 days) from e date of allotment (including SIP/ STP/SWP) %. Redemption after 1 year (365 days) from e date of allotment - NIL. Minerals/Mining Oil Ferrous Metals Cement Petroleum Products Domeic Equities Sectoral Allocation Indurywise classification as recommended by AMFI. Performance Report Mirae Asset Global Commodity Stocks Fund (MAGCSF) NAV at e end of e Returns Returns Returns Value Value Value period ( ` per unit) MAGCSF Scheme Sensex MAGCSF Scheme Sensex Benchmark Benchmark 30 June June % % -7.51% 8,869 8,951 9, June June % 22.80% 6.47% 12,080 12,280 10, June June % 20.06% 22.13% 11,664 12,006 12,213 Since Inception(CAGR) 29 June % 6.31% 4.55% 11,452 12,664 11,875 Index Value (29 June, 2012) Index Value of benchmark is and Index value of Sensex is Aug-08 Scheme Benchmark MSCI Asia Pacific ex-japan Energy & Material Index (55%) + MSCI India Energy & Material Index - (35%) + MSCI Brazil Energy & Material Index - (10%) wi (MSCI s 10/40 Equity Index Meodology). SIP Performance 3.88% 3.94% 4.61% 4.38% 6.33% 10.04% Indurial Conglomerates Commodity Chemicals Coal & Consumable Fuels Steel Conruction Materials Integrated Oil & Gas Oil & Gas Exploration & Production Diversified Metals & Mining Mirae Asset Global Commodity Stocks Fund International Equities Sectoral Allocation SIP Invement Since Inception SIP 3 Year SIP 1 Year SIP Total Amount Inveed 46,000 36,000 12,000 Mkt Value as of 29 June ,253 35,154 11,677 Return(Annualized)(%) 5.60% -1.54% -4.99% Benchmark Return(Annualized)(%) 8.23% 0.53% -4.49% Add. Benchmark Return(Annualized)(%) 6.62% -0.03% 4.19% Pa Performance may or may not suained in future. MSCI Asia Pacific ex Japan and India Energy & Materials Index (55%),+ MSCI Brazil Energy & Materials Index (10%) + MSCI India Energy & Materials Index (35%) (wi 10/40 Index Meodology). Sensex Index. SIP Invement Date is taken as 1 of every Mon. 3.51% 3.59% 3.64% 5.23% 6.17% 6.64% 9.41% 11.58% 16.23% GICS sub-indury Classification Ratios (Annualised) Country Allocation 6.85% 20.72% 1.48% 2.47% 0.82% 27.83% 33.19% Volatility 28.11% Beta 0.99 R Squared 0.97 Sharpe Ratio Total Expense Ratio 2.50% Portfolio Turnover Ratio^ 0.48 Times 6.64% India China Auralia Indonesia Brazil Korea Russia Cash & Cash Equivalents The Volatility, Beta, R Squared & Sharpe Ratio are calculated since Inception date of e fund. Risk free rate is assumed to be e 91 day T bill yield. Average calculated from September 11 to Augu 12. ^Basis la rolling 12 mon.

7 Mirae Asset China Advantage Fund (An open ended Fund of Funds Scheme) Factsheet data as on 31 Augu, 2012 Style Box Marketcap Large Mid Small Invement Philosophy Mirae Asset China advantage Fund inves in an underlying fund Mirae Asset China Sector Leader Equity Fund, which mainly inves in equities and equity-related securities of sector leading companies domiciled in or exercising a large portion of eir economic activity in China (limited to B shares) and Hong Kong. The fund gives inveors an opportunity to inve in China companies wi high invement potential. The emphasis on market leaders gives e fund a bias towards large/mid-cap names. Fund is positioned to take advantages of e grow opportunities related to e secular and ructural changes in China. Fund Invement Strategy: Blend Value Style China market continued to be range bound in Augu. Overall inveors sentiment is ill weak, so market is trading in a narrow range for la few mons. We expect current market situation to continue for anoer couple of mons. For China Market macro uncertainties are ill ere, but valuations are cheap and we ink many negative factors are already reflected in e market. We added banks, insurance, and coal; inead we reduced small caps, outperformed consumers and internet names. Portfolio Holdings % allocation Mutual Fund Units & ETF Mirae Asset China Sector Leader Equity Fund Total Alocation to International Mutual Fund Units Cash & Oer Receivables 0.62 Underlying Fund Top 10 Holdings as on 29 June, 2012 Mirae Asset China Sector Leader Equity Fund Equity Shares Ping An Insurance Ltd Kunlun Energy 6.90 Tencent Holding 6.70 China Merchant Bank 5.10 China Overseas Land & Invement 5.10 Baidu 4.70 Petrochina 4.70 CNOOC Ltd Indurial & Commercial Bank of China 4.50 China Resources Land 4.40 Oer Equities Allocation - Top 10 Sectors Healcare Utilities Telecom Services Cons. Discretionery Material Indurial Cash Consumer Staples IT Energy Financial 1.3% 1.6% 3.8% 4.7% 5.9% 6.1% 7.4% 7.5% 11.4% 19.0% 31.3% Key Information Fund Managers: Gopal Agrawal & Neelesh Surana. Experience: Gopal Agrawal : Over 12 years of experience in Fund Management. Neelesh Surana : Over 17 years of experience in Financial Services including Fund Management. Bo are Managing is fund since Inception of e fund. Allotment Date: November 05, 2009 NAV ( ) : : , Dividend: Quarterly Avg AUM (` Cr):48.62 ( ) Benchmark Index: MSCI China (in INR Terms) Minimum Invement: Regular : ` 5,000 (multiples of ` 1 ereafter). Syematic Invement Plan (SIP): ` 1,000/- (multiples of ` 1/- ereafter), minimum 6 inallments (Monly), ` 1,500/- (multiples of ` 1/- ereafter), minimum 4 inallments (Quarterly) Load Structure: Entry load - Nil, Exit load - Redemption wiin 1 year (365 days) from e date of allotment (including SIP/ STP/SWP) %. Redemption after 1 year (365 days) from e date of allotment - NIL. Performance Report Mirae Asset China Advantage Fund (MACAF) 30 June June % 1.47% -7.51% 30 June June % 5.46% 6.47% Index Value (29 June, 2012) Index value for benchmark is while for Sensex is Nov-09 Scheme Benchmark SIP Performance MSCI China(INR) Mirae Asset China Advantage Fund SIP Invement Since Inception SIP 1 Year SIP Total Amount Inveed 31,000 12,000 Mkt Value as of 29 June ,482 12,295 Return(Annualized)(%) 1.17% 4.64% Benchmark Return(Annualized)(%) 1.92% 9.25% Add. Benchmark Return(Annualized)(%) -1.40% 3.73% Pa Performance may or may not suained in future. MSCI China(Price in INR). Sensex Index. SIP Invement Date is taken as 1 of every Mon. NAV at e end of e Returns Returns Returns period ( ` per unit) MACAF MSCI China(INR) Sensex Ratios (Annualised) Volatility 18.33% Beta 1.03 R Squared 0.88 Sharpe Ratio Total Expense Ratio 2.23% The Volatility, Beta, R Squared & Sharpe Ratio are calculated since Inception date of e fund. Risk free rate is assumed to be e 91 day T bill yield. Average calculated from September 11 to Augu 12. The inveors, in addition to e above recurring expense shall also bear e recurring expense of e underlying scheme. However e total recurring expenses (including e recurring expense of e underlying scheme) will not exceed 2.5% p.a.

8 Mirae Asset India-China Consumption Fund (An open ended equity oriented scheme) Factsheet data as on 31 Augu, 2012 Style Box Marketcap Large Mid Small Invement Philosophy Blend Value Style Mirae Asset India China Consumption fund gives e inveors a chance to inve in two of e world s fae growing countries India and China in one go. Favorable demographics, urbanisation and higher disposable income would benefit consumption oriented businesses in ese countries. The fund inves in basket of Consumer Stocks which are going to benefit directly or indirectly from consumption led demand in India & China. The fund focuses on achieving grow over long term wi emphasis on inveing in high quality businesses wi rong cash flows and reasonable valuations. Fund Invement Strategy: Our focus is to inve in high quality businesses wi rong cash flows which are available at reasonable valuations, which we believe are better poised to wiand e current macro challenges, and yet deliver superior grow. This mon we have increased exposure to Auto Ancillaries, Packaged Foods & Meats & Pharmaceuticals while we have reduced exposure to Consumer Durables, Telecom - Services and Wireless Telecommunication Services. Portfolio Holdings % allocation Equity Shares (Domeic - Top 10 Holdings) ITC Ltd Hinduan Unilever Ltd ICICI Bank Ltd Zee Entertainment Enterprises Ltd Tata Motors Ltd. (DVR) 3.22 Amara Raja Batteries Ltd Sun Pharmaceuticals Induries Ltd Bharti Airtel Ltd Apollo Tyres Ltd Gateway Diriparks Ltd Oer Equities Equity Shares (International - Top 10 Holdings) China Mobile 6.02 Hengan International Group Co. Ltd Ind & Comm Bk - H 2.07 Tingyi (Cayman Islands) Holdings Corp China Unicom 1.84 Belle Intl Hldgs Bank of China Ltd Want Want China Holdings Ltd China Conruct BK-H 1.65 China Telecom Corp-H 1.40 Oer Equities 6.27 Total Equity Allocation Cash & Oer Receivables 3.68 Total Holdings Key Information Fund Managers: Gopal Agrawal, Neelesh Surana & Sumit Agrawal. Experience: Gopal Agrawal : Over 12 years of experience in Fund Management, Neelesh Surana : 17 years of experience in Financial Services including Fund Management. S u m i t A g r a w a l (Overseas Invements) : 7 years of experience in Equity Research Analysis. Allotment Date: March 29, 2011 NAV( ) : : , Dividend: Quarterly Avg AUM(Rs Cr):15.61 ( ) Benchmark Index: MSCI India consumption Index (65%) + MSCI China Consumption Index(35%) INR. Minimum Invement: Regular : ` 5,000 and in multiples of Re. 1/- ereafter Syematic Invement Plan (SIP): ` 1,000/- (multiples of ` 1/- ereafter), minimum 6 inallments (Monly), ` 1,500/- (multiples of ` 1/- ereafter), minimum 4 inallments (Quarterly). Load Structure: Entry load -Nil, E x i t l o a d - Redemption wiin 1 year (365 days) from e date of allotment (including SIP/ STP/SWP) %. Redemption after 1 year (365 days) from e date of allotment - NIL. Allocation - Top 10 Sectors Domeic Equities Sectoral Allocation Gas 2.42% Transportation 2.59% Telecom - Services 2.84% Banks 4.06% Finance 4.32% 4.80% Media & Entertainment 5.05% Pharmaceuticals 5.86% Auto Ancillaries 5.94% Auto 9.33% Consumer Non Durables 20.48% Indurywise classification as recommended by AMFI. International Equities Sectoral Allocation Personal Products 2.20% Integrated Telecommunication Services 3.24% Packaged Foods & Meats 3.61% Diversified Banks 5.46% Wireless Telecommunication Services 6.02% 8.11% GICS sub-indury Classification Country Allocation 3.68% 28.64% 67.68% India China Cash & Oer Receivables Performance Report Mirae Asset India China Consumption Fund (MAICCF) 30 June June % 10.53% -7.51% Index Value (29 June, 2012) Index Value of benchmark is and Index value of Sensex is March 2011 Scheme Benchmark SIP Performance Mirae Asset China Advantage Fund SIP Invement Since Inception SIP 1 Year SIP Total Amount Inveed 15,000 12,000 Mkt Value as of 29 June ,029 12,758 Return(Annualized)(%) 10.46% 12.02% Benchmark Return(Annualized)(%) 14.42% 16.38% Add. Benchmark Return(Annualized)(%) 0.18% 4.19% Pa Performance may or may not suained in future. MSCI India Consumption Index (65%) + MSCI China Consumption Index (35%). Sensex Index. SIP Invement Date is taken as 1 of every Mon. NAV at e end of e Return Return Return period ( ` per unit) MAICCF Scheme Benchmark Sensex MSCI India consumption Index(65%) + MSCI China Consumption Index(35%) INR Ratios (Annualised) Volatility 12.10% Beta 0.88 R Squared 0.89 Sharpe Ratio 0.19 Total Expense Ratio 2.50% Portfolio Turnover Ratio^ 1.24 times Risk free rate is assumed to be e 91 day T bill yield. Average calculated from September 11 to Augu 12. ^Basis la rolling 12 mon.

9 Fund Performance Performance of funds managed by Mr. Gopal Agrawal and Mr. Neelesh Surana : Mirae Asset India Opportunities Fund (MAIOF) NAV (`per unit) Returns Returns Returns Value (INR) Value (INR) Value (INR) MAIOF BSE 200 Sensex MAIOF BSE 200 Sensex & 30 June June % -7.63% -7.51% 9,512 9,237 9,249 & 30 June June % 2.96% 6.47% 11,168 10,296 10,647 & 30 June June % 27.22% 22.13% 14,770 12,722 12, June June % 7.48% 7.67% 11,558 10,748 10,767 Since Inception(CAGR)29 June % 2.84% 3.05% 15,995 11,262 11,360 Index Value (29 June, 2012) Index Value of BSE 200 is and Index value of Sensex is Apr-08 Scheme Benchmark BSE 200 Mirae Asset Emerging Bluechip Fund (MAEBF) NAV (`per unit) Returns Returns Returns MAEBF CNX Midcap Sensex & 30 June June % -7.77% -7.51% Index Value (29 June, 2012) Index Value of CNX Midcap is and Index value of Sensex is Jul-10 Scheme Benchmark CNX Midcap Mirae Asset China Advantage Fund (MACAF) NAV (`per unit) Returns Returns Returns MACAF MSCI China(INR) Sensex & 30 June June % 1.47% -7.51% & 30 June June % 5.46% 6.47% Index Value (29 June, 2012) Index value for benchmark is while for Sensex is Nov-09 Scheme Benchmark MSCI China(INR) Performance of funds managed by Mr. Gopal Agrawal, Mr. Neelesh Surana & Mr. Sumit Agrawal (Overseas Invement) Mirae Asset Global Commodity Stocks Fund (MAGCSF) NAV (`per unit) Returns Returns Returns Value (INR) Value (INR) Value (INR) MAGCSF Scheme Sensex MAGCSF Scheme Sensex Benchmark Benchmark & 30 June June % % -7.51% 8,869 8,951 9,249 & 30 June June % 22.80% 6.47% 12,080 12,280 10,647 & 30 June June % 20.06% 22.13% 11,664 12,006 12,213 Since Inception(CAGR)29 June % 6.31% 4.55% 11,452 12,664 11,875 Index Value (29 June, 2012) Index Value of benchmark is and Index value of Sensex is Scheme Benchmark 20-Aug-08 Mirae Asset India China Consumption Fund (MAICCF) MSCI Asia Pacific ex-japan Energy & Material Index (55%) INR +MSCI India Energy & Material Index - (35%) +MSCI Brazil Energy (10%) INR NAV (`per unit) Returns Returns Returns MAICCF Scheme Benchmark Sensex & 30 June June % 10.53% -7.51% Index Value (29 June, 2012) Index Value of benchmark is and Index value of Sensex is Scheme Benchmark 29-Mar-11 MSCI India consumption Index(65%) +MSCI China Consumption Index (35%) INR The calculations of returns shall assume reinvement of all payouts at e en prevailing NAV. Returns provided are of Regular Plan- Option & Absolute returns. CAGR-Compounded Annualised returns. Alternate Scheme Benchmark.As per SEBI andard on performance disclosure, returns in INR terms based on a andard invement of ` 10,000/- have been shown only for Schemes at have been in exience for more an ree years. NAV ( ` per unit) is at e end of e period. Pa performance may or may not be suained in future.

10 SIP Returns for all Equity Funds Performance of funds managed by Mr. Gopal Agrawal and Mr. Neelesh Surana : Mirae Asset India Opportunities Fund (MAIOF) SIP Invement Since Inception SIP 3 Year SIP 1 Year SIP Total Amount Inveed 50,000 36,000 12,000 Mkt Value as of 29 June ,850 38,900 12,358 Return (Annualized) (%) 14.76% 5.11% 5.62% Benchmark Return(Annualized) (%) 6.25% -0.78% 4.18% Add. Benchmark Return(Annualized) (%) 6.13% -0.03% 4.19% BSE 200 Index Sensex Mirae Asset Emerging Bluechip Fund (MAEBF) SIP Invement Since Inception SIP 1 Year SIP Total Amount Inveed 23,000 12,000 Mkt Value as of 29 June ,170 12,601 Return (Annualized) (%) 5.08% 9.50% Benchmark Return(Annualized) (%) -5.57% 3.37% Add. Benchmark Return(Annualized) (%) -3.15% 4.19% CNX Midcap Index Sensex Mirae Asset China Advantage Fund (MACAF) SIP Invement Since Inception SIP 1 Year SIP Total Amount Inveed 31,000 12,000 Mkt Value as of 29 June ,482 12,295 Return (Annualized) (%) 1.17% 4.64% Benchmark Return(Annualized) (%) 1.92% 9.25% Add. Benchmark Return(Annualized) (%) -1.40% 3.73% MSCI China(Price in INR) Sensex Performance of funds managed by Mr. Gopal Agrawal, Mr. Neelesh Surana & Mr. Sumit Agrawal (Overseas Invement) Mirae Asset Global Commodity Stocks Fund (MAGCSF) SIP Invement Since Inception SIP 3 Year SIP 1 Year SIP Total Amount Inveed 46,000 36,000 12,000 Mkt Value as of 29 June ,253 35,154 11,677 Return (Annualized) (%) 5.60% -1.54% -4.99% Benchmark Return(Annualized) (%) 8.23% 0.53% -4.49% Add. Benchmark Return(Annualized) (%) 6.62% -0.03% 4.19% + MSCI Asia Pacific ex Japan and India Energy & Materials Index (55%) INR, MSCI Brazil Energy & Materials + Index (10%)INR, MSCI India Energy & Materials Index (35%) (wi 10/40 Index Meodology) Sensex Mirae Asset India China Consumption Fund (MAICCF) SIP Invement Since Inception SIP 1 Year SIP Total Amount Inveed 15,000 12,000 Mkt Value as of 29 June ,029 12,758 Return (Annualized) (%) 10.46% 12.02% Benchmark Return(Annualized) (%) 14.42% 16.38% Add. Benchmark Return(Annualized) (%) 0.18% 4.19% MSCI India Consumption Index (65%) + MSCI China Consumption Index (35%)INR Sensex SIP invement date assumed to be e fir day of every mon. Pa performance may or may not be suained in future. SIP Invement Amount per Mon = ` 1,000. SIP Valuation Date = 29 June, Mutual fund invements are subject to market risks, read all scheme related documents carefully.

11 Invement Objective: Mirae Asset India Opportunities Fund (An open-ended equity oriented scheme): To generate long term capital appreciation by capitalizing on potential invement opportunities rough predominantly inveing in equities, equity related securities. There is no assurance or guarantee of returns. Asset Allocation: (1) Indian Equities and Equity Related Securities: 65% to 100% (2) Money market inruments / debt securities Inruments: 0% to 35% (Including up to 25% of corpus in securitized debt).transparency: The NAV will be calculated at e close of every working day and shall be published in two daily newspapers. Invement Objective: Mirae Asset Global Commodity Stocks Fund (An open-ended equity fund): To generate long term capital appreciation rough an actively managed portfolio inveing in equity and equity related securities of companies at are engaged in commodity and commodities related sectors/sub sectors/induries, wi at lea 65% of e corpus inveed overseas in Asia Pacific and Emerging Markets. There is no assurance or guarantee of returns. Asset Allocation: (1) Asia Pacific and/or Emerging Markets Equities and Equity Related Securities (excluding Indian equities and equities related securities) of companies at are engaged in commodity and commodities related sectors/sub sectors/induries: 65% to 100% (2) Indian Equities and Equity Related Securities, including but not limited to ose at are engaged in commodity and commodities related sectors/sub sectors/induries: 0% to 35% (3) Money market inruments / debt securities Inruments (Including upto 25% of corpus in securitized debt) : 0% to 35%. Transparency: The NAV will be calculated at e close of every working day and shall be published in two daily newspapers. Invement Objective: Mirae Asset China Advantage Fund (An open-ended fund of funds scheme): The invement objective of e scheme is to generate long-term capital appreciation by inveing predominantly in units of Mirae Asset China Sector Leader Equity Fund and/or units of oer mutual fund schemes, units of exchange traded schemes at focus on inveing in equities and equity related securities of companies domiciled in or having eir area of primary activity in China and Hong Kong. The Scheme may also inve a certain portion of its corpus in debt and money market securities and/or units of debt/liquid schemes of Domeic Mutual Funds, in order to meet liquidity requirements from time to time. The Scheme does not guarantee or assure any returns. Asset Allocation: (1) Units of Mirae Asset China Sector Leader Equity Fund and/or units of oer mutual fund schemes, units of ETFs inveing in equities and equity related securities of companies domiciled in or having eir area of primary activity in China and Hong Kong: % (2) Money market inruments / debt securities Inruments and/or units of debt/liquid schemes of domeic Mutual Funds.: 0-20% (Equity and Equity related inruments include convertible debentures, equity warrants, convertible preference shares, equity derivatives etc. Debt inruments include securitized debt upto 20% of corpus.). Transparency: The NAV will be calculated at e close of every working day and shall be published in two daily newspapers and on e AMFI website by 10 a.m. of e following Business Day. Invement Objective: Mirae Asset Emerging Bluechip Fund (An Open ended Equity Fund) - To generate income and capital appreciation from a diversified portfolio predominantly inveing in Indian equities and equity related securities of companies which are not part of e top 100 ocks by market capitalization and have market capitalization of atlea ` 100 Crores at e time of invement. From time to time, e fund manager may also seek participation in oer Indian equity and equity related securities to achieve optimal portfolio conruction. The Scheme does not guarantee or assure any returns. Asset Allocation: (1) Indian Equities and Equity Related Securities of companies, which are not part of e top 100 ocks by market capitalization and have market capitalization of atlea `100 Crores at e time of invement: 65%-100% (2) Oer Indian Equities and Equity Related Securities: 0%-35%; Money market inruments / debt securities Inruments (Including upto 20% of corpus in securitized debt): 0%-35%. Transparency: The NAV will be calculated at e close of every working day and shall be published in two daily newspapers. Invement Objective: Mirae Asset India-China Consumption Fund (An Open ended Equity Oriented Scheme) - The invement objective of e scheme is to generate long term capital appreciation rough an actively managed portfolio inveing in equity and equity related securities of companies at are likely to benefit eier directly or indirectly from consumption led demand in India/ China. The Scheme does not guarantee or assure any returns. Asset Allocation : (1) Indian Equities and Equity Related Securities of companies at are likely to benefit eier directly or indirectly from consumption led demand: 65%-90% (2) Chinese Equities and Equity Related Securities of companies at are likely to benefit eier directly or indirectly from consumption led demand: 10%-35%; (3) Money market inruments / debt securities Inruments and/or units of debt/liquid schemes of domeic Mutual Funds : 0%-25%. Transparency: The NAV will be calculated at e close of every working day and shall be published in two daily newspapers. Load ructure of all e schemes : Entry Load: Nil. In terms of SEBI circular no. SEBI/IMD/CIR No.4/ /09 dated June 30, 2009, no entry load will be charged by e Scheme to e inveor effective Augu 1, Upfront commission shall be paid directly by e inveor to e AMFI regiered Diributors based on e inveors' assessment of various factors including e service rendered by e diributor. Exit Load: Redemption wiin 1 year (365 days) from e date of allotment (Including SIP/STP/SWP) %. Redemption after 1 year (365 days) from e date of allotment - NIL. For Mirae Asset China Advantage Fund (MACAF) : Inveors should also be aware at e underlying scheme(s) could charge entry load/exit load which may affect e returns to e inveors. The load ructure of e underlying scheme(s) may change from time to time. The inveor shall bear e scheme recurring expenses in addition to e scheme recurring expenses of underlying scheme. Statutory Details: Sponsor: Mirae Asset Invements Company Limited. Truee: Mirae Asset Truee Company Private Limited; Invement Manager: Mirae Asset Global Invements (India) Private Limited. Risk Factors: Mutual fund invements are subject to market risks and ere is no assurance or guarantee at e objectives of e scheme will be achieved. As wi any invement in securities, e Net Asset Value (NAV) of e units issued under e Schemes can go up or down depending on e factors and forces affecting e capital markets. Invements in mutual funds are prone to risks of fluctuation in NAVs, uncertainty of dividend diributions etc. Pa performance of e Sponsor / AMC / Mutual Fund does not guarantee e future performance of e Schemes of Mirae Asset Mutual Fund and may not necessarily provide a basis for comparison wi oer invements. Mirae Asset India Opportunities Fund, Mirae Asset Global Commodity Stocks Fund, Mirae Asset China Advantage Fund, Mirae Asset Emerging Bluechip Fund & Mirae Asset India-China Consumption Fund are only e names of e schemes and do not in any manner indicate eier e quality of e schemes or eir future prospects or returns. Please read e respective Scheme Information Document for scheme specific details. Unit holders in e Scheme are not being offered any guaranteed / indicative / assured returns. A copy of SAI / SID / Key Information Memorandum cum Application form will be available at AMC offices / AMC website / Inveor Service Centre / Diributors on reque. Mutual Fund Invements are subject to market risks, read all scheme related documents carefully (Toll free) cuomercare@miraeasset.com Mirae Asset Global Invements (India) Private Limited Unit No. 606, 6 Floor, Windsor Building, Off C. S. T. Road, Kalina, Santacruz - (Ea), Mumbai Diributed by: