Fund Speak. Mirae Asset India Opportunities Fund (An open ended equity oriented scheme) Celebrating Seven Years* Of Wealth Creation.

Transcription

1 Celebrating Seven Years* Of Wealth Creation Invest in Mirae Asset India Opportunities Fund (An open ended equity oriented scheme) *Launch Date: 4 th April Past performance is no guarantee of future results May 2015

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3 Market Update Equity Update Indian markets from being the best performer in CY 14 have underperformed in Q1 CY 15. China Markets continue to be the best performing in Q1 CY 15. Expectations of further loose monetary policy have fuelled the rally in China. The S&P BSE Sensex hit a life time high of 30,000 in the month of March, but after hitting the all-time high, market corrected around 9.6% to close to 27,000 levels. Indian markets mainly corrected due to: 1) An expectedly weak 4 th quarter earnings season; 2) The confusion and investor concerns over Minimum Alternate Tax (MAT) on FPIs; 3) A sharp outperformance of the regional markets including China / HK where most investors have been underweight, has led to rebalancing of flows; 4) Sharp rally in crude oil; 5) Fears of weak and below normal monsoon; 6) Global selloff in bond markets. We believe the current correction in equity markets is a short term correction and we expect a pull-back led by multiple structural positive things, some of which has already happened and some are in the offing. Markets are currently trading at less than 14 times FY17, which is a 5% discount to historical averages. Indian current account situation is much better relative to its past, based on fall in crude prices (inspite of the recent rally in crude prices) and domestic fuel price reforms. Global commodity prices remain soft and inflation is likely to remain benign. We believe that the start of government spending on infrastructure projects will be the key turning point for improvement in growth numbers. Therefore we believe, this correction is a near term consolidation and we continue to remain positive in the medium to long term on Indian market on improving fundamentals and structural reforms. Debt Market Outlook The Union Budget FY16 sets the tone just right for overall objectives of high sustainable growth, equitable distribution of benefits while not slipping on front of expenditure rationalization. The fiscal deficit target of 3.9% of GDP, in that context, is likely to be more credible and the clear communication of fiscal roadmap for next three years is indeed a welcome certainty. We didn t see any rate cuts by RBI in 2014, inspite of sharp fall of close to bps in Inflation. RBI has already cuts the repo rate twice (i.e. 50 bps) this calendar year. Inspite of pause in recent policy, the RBI appears to still be in easing mode, the timing of any future actions is contingent on several factors. The RBI set out the following factors that will determine further action: 1) Transmission of rates by banks; 2) Food inflation trends specially after recent unseasonal rains; 3) Further supply-side measures of the government; 4) US monetary policy. In our view, maintaining the status quo today was largely expected, given the March inter-meeting cut and the lack of transmission by banks thus far. Although the RBI appears to still be in easing mode, the timing of any future actions is contingent on several factors. With growth in the initial stages of a cyclical recovery, investments held back largely due to non-monetary factors, inflation showing signs of stabilizing around % and the RBI s medium-term target of moderating CPI inflation to 4% We expect another bps rate cut in current fiscal. 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% -10.0% 53.3% 37.3% 30.1% -1.8% World Indices Performance 9.7% 11.9% 8.4% 0.1% 1.1% 19.2% 12.4% 6.0% 11.0% -0.7% -2.3% -2.6% Shanghai Sensex NikkeiDow Jones Hang Seng Bovespa FTSE KOSPI Comosite Index (YTD) Source: Bloomberg, 30 th April, 2015 Past performance of the indices may or may not be sustained in future and depends upon various factors affecting global, regional economic environment. 30% 25% 20% 15% 10% 5% 0% -5% -10% -15% 23.6% BSE Health Care Sectorial Performance (YTD) 8.6% 8.0% 7.1% 6.0% 6.0% BSE IT BSE FMCG BSE Consumer Durebles BSE Midcap BSE SmallCap 1.0% 0.2% BSE Realty BSE Power BSE % -2.0% -2.1% BSE Auto BANKEX -7.1% -8.5%-9.8% BSE Oil & Gas BSE PSU BSE Metal Source: Bloomberg, 30 th April, 2015 Past performance of the indices may or may not be sustained in future and depends upon various factors affecting global, regional economic environment. Fixed Income - Rates Value as on 30 th April, 2015 Value as on 31 st December, 2014 Call Money CBLO month CD month CP year CD year CP G-Sec (10 yrs) Source: Bloomberg, 30 th April,

4 Fund Facts Key Features Mirae Asset India Opportunities Fund (MAIOF) Mirae Asset Emerging Bluechip Fund (MAEBF) Mirae Asset India-China Consumption Fund (MAICCF) Mirae Asset Global Commodity Stocks Fund (MAGCSF) Mirae Asset China Advantage Fund (MACAF) Investment Objective Fund Manager & Experience The investment objective of the scheme is to generate long term capital appreciation by capitalizing on potential investment opportunities through predominantly investing in equities, equity related securities. There is no assurance or guarantee of returns Neelesh Surana : 18 years of experience in Financial Services including Fund Management & Sumit Agrawal : Over 10 years of experience in investment analysis and research including fund management & Both are Managing this fund since May 2008 & Aug 2014 respectively. 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 `100 Crores at the time of investment. The Scheme does not guarantee or assure any returns. Neelesh Surana : 18 years of experience in Financial Services including Fund Management. He has been managing fund since inception of the fund The investment objective of the scheme is to generate long term capital appreciation through an actively managed portfolio investing in equity and equity related securities of companies that are likely to benefit either directly or indirectly from consumption led demand in India / China. The Scheme does not guarantee or assure any returns. Neelesh Surana : 18 years of experience in Financial Services including Fund Management and managing this fund since inception ; Sumit Agrawal (Domestic Investments): Over 10 years of experience in investment analysis and research including fund management and managing this fund since August 2014 and Bharti Sawant (Overseas Investments) has 6 years of experience in Equity Research Analysis and has been managing this fund since August The investment objective of the scheme is to generate long term capital appreciation through an actively managed portfolio investing in equity and equity related securities of companies that are engaged in commodity and commodities related sectors / sub sectors / industries, with at least 65% of the corpus invested overseas in Asia Pacific and Emerging Markets. There is no assurance or guarantee of returns. Gopal Agrawal : Over 14 years of experience in Fund Management and managing this fund since inception & Bharti Sawant (Overseas Investments): has 6 years of experience in Equity Research Analysis and has been managing this fund since August The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in units of Mirae Asset China Sector Leader Equity Fund and / or units of other mutual fund schemes, units of exchange traded schemes that focus on investing in equities and equity related securities of companies domiciled in or having their area of primary activity in China and Hong Kong. The Scheme may also invest a certain portion of its corpus in debt and money market securities and / or units of debt / liquid schemes of Domestic Mutual Funds, in order to meet liquidity requirements from time to time. The Scheme does not guarantee or assure any returns. Bharti Sawant has 6 years of experience in Equity Research Analysis and has been managing this fund since August Allotment Date 04 th April, th July, th March, th August, th November, 2009 Benchmark Index S&P BSE 200 CNX Midcap S&P India & China Weighted Index. S&P Pan Asia Large Midcap Commodity & Resources Capped Index. MSCI China (in INR Terms) Minimum Investment Amount Systematic Investment Plan (SIP) Load Structure Plans Available Options Available Quarterly Average AUM (` Cr.) as on 31 st March, 2015 `5,000 (multiples of `1 thereafter). Monthly: `1,000/- (multiples of `1/- thereafter), minimum 6 installments Quarterly: `1,500/- (multiples of `1/- thereafter), minimum 4 installments. Entry load - NA Exit load - If redeemed within 6 months (182 days) from the date of allotment %. If redeemed after 6 months (182 days) but within 1 year (365 days) from the date of allotment %. If redeemed after 1 year (365 days) from the date of allotment - NIL. Regular Plan and Direct Plan Growth Option and Dividend Option (Payout & Re-investment) Yearly Avg. Expense Ratio (Including Services Tax) as on 31 st March, 2015 Regular Plan: 2.40% Direct Plan: 1.56% Regular Plan: 2.53% Direct Plan: 1.56% Regular Plan: 2.85% Direct Plan: 1.47% Regular Plan: 2.85% Direct Plan:1.66% Regular Plan: 2.48% Direct Plan: 1.86% 4

5 Fund Facts Key Features Mirae Asset Cash Management Fund (MACMF) Mirae Asset Ultra Short Term Bond Fund (MAUSTBF) Mirae Asset Short Term Bond Fund (MASTBF) Investment Objective The investment objective of the scheme is to generate consistent returns with a high level of liquidity in a judicious portfolio mix comprising of money market and debt instruments. The Scheme does not guarantee any returns. The investment objective of the scheme is to seek to generate returns with low volatility and higher liquidity through a portfolio of debt and money market instruments. The Scheme does not guarantee any returns. The investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and money market instruments. There is no assurance or guarantee of any returns Fund Manager & Experience Mr. Yadnesh Chavan has Over 9 years of experience in Investment Industry and has been managing this fund since December Mr. Yadnesh Chavan has Over 9 years of experience in Investment Industry and has been managing this fund since December Mr. Yadnesh Chavan has Over 9 years of experience in Investment Industry and has been managing this fund since December Allotment Date 12 th January, th March, rd August, 2009 Benchmark Index CRISIL Liquid Fund Index CRISIL Liquid Fund Index CRISIL Short Term Bond Fund Index Minimum Investment Amount `5,000/- and in multiples of `1/- there after Minimum Additional Application Amount: `1,000/- per application and in multiples of `1/- thereafter. `10,000/- and in multiples of `1/-there after Minimum Additional Amount `1,000/- per application and in multiples of `1/- thereafter. `5,000/- and in multiples of `1/- there after Minimum Additional Application Amount: `1,000/- and in multiples of `1/- thereafter. Systematic Investment Plan (SIP) -- `1,000/- in case of Monthly Option and `1,500/- in case of Quarterly Option. `1,000/- in case of Monthly Option and `1,500/- in case of Quarterly Option. Systematic Transfer Plan (STP) Options Available and Minimum Amount: Daily Option, Weekly Option, Fortnightly Option, Monthly Option: Minimum 6 transfers of `1,000/- each and above, Quarterly Option: Minimum 4 transfers of `1,500/- each and above. In case of SWP : Investors can withdraw fixed amount of `1,000/- each and above at regular intervals. Load Structure Entry Load - NA, Exit Load - Nil Entry Load - NA, Exit Load - Nil Entry Load - NA, Exit Load - If redemption within 6 months (180 days) from the date of allotment 0.5%; If redemption after 6 months (180 days) from the date of allotment - Nil Plans Available Regular Plan and Direct Plan Institutional Plan and Direct Plan Regular Plan and Direct Plan Options Available Growth Option and Dividend Option (Payout & Re-investment) Quarterly Average AUM (` Cr.) as on 31 st March, Yearly Avg. Expense Ratio (Including Services Tax) as on 31 st March, 2015 Regular Plan: 0.15% Direct Plan: 0.10% Regular Plan: 1.13% Direct Plan: 0.17% Regular Plan: 1.37% Direct Plan: 0.65% 5

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7 Mirae Asset India Opportunities Fund (An open ended equity oriented scheme) Monthly Factsheet April 2015 Investment Philosophy & Style The fund seeks to generate consistent capital appreciation by investing in quality companies across sectors and market capitalisation. The investment is focused on businesses which have sustainable competitive advantage as is reflected in the return on investment, growth profile, etc. Fund Information (as on 30 th April, 2015) Fund Manager Neelesh Surana : 18 years of experience in Financial Services including Fund Management & Sumit Agrawal : Over 10 years of experience in investment analysis and research including fund management & Both are Managing this fund since May 2008 & Aug 2014 respectively. Allotment Date 4 th April, 2008 Net Asset Value (NAV): Regular Plan Growth Option : ` Dividend Option : ` Direct Plan Growth Option : ` Dividend Option : ` Benchmark Index: S&P BSE 200 AUM (` Cr.) (Annualised) Volatility 14.61% Beta 0.99 R Squared 0.89 Sharpe Ratio # 2.20 Information Ratio 2.79 Portfolio Turnover Ratio^ 0.59 Please refer last page for details. Dividend History - Regular Plan - Dividend Option Record Date Dividend Face Cum (`) Value (`) NAV (`) 13-Feb per unit Jan per unit Mar per unit Mar per Unit Dec per Unit Sep per Unit Past Performance may or may not sustained in future. Pursuant to payment of dividend the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy (if applicable) Fund Performance - since inception (Regular Plan Growth Option) Apr-08 Portfolio Top 10 holdings Equity Shares % Allocation HDFC Bank Ltd 7.07% ICICI Bank Ltd 6.69% Larsen & Toubro Ltd 4.54% Tata Consultancy Services Ltd 3.35% Maruti Suzuki India Ltd 3.25% Sun Pharmaceuticals Industries Ltd 3.25% Infosys Ltd 3.23% State Bank of India 3.16% Reliance Industries Ltd 3.13% Indusind Bank Ltd 2.88% Other Equities 57.60% Equity Holding Total 98.15% Cash & Other Receivables 1.85% Total % MAIOF S&P BSE 200 S&P BSE SENSEX Apr-15 Past Performance may or may not be sustained in future. The above is NAV movement of graph as on 30 th April, 2015.The Scheme NAV and Benchmark index have been rebased to `10/- for illustration purposes. Allocation - Top 10 Sectors^ Banks Software Pharmaceuticals Auto Consumer Non Durables Construction Project Petroleum Products Finance Cement Auto Ancillaries Other Sectors 4.65% 4.06% 3.10% 8.45% 7.86% 6.23% 6.08% 10.26% 10.01% 12.65% 24.79% 0% 5% 10% 15% 20% 25% 30% ^Industrywise classifi cation as recommended by AMFI Performance Report - Regular Plan - Growth Option NAV MAIOF S&P BSE 200 S&P BSE Sensex ** 31 st March, st March, % 31.93% 24.89% 31 st March, st March, % 17.19% 18.85% 31 st March, st March, % 6.03% 8.23% Since Inception (CAGR) - 31 st March, % 9.31% 8.96% Since Inception - 31 st March, 2015 (Value INR)* ,427 18,633 18,222 Index Value (31 st March, 2015) Index Value of S&P BSE 200 is and Index value of S&P BSE Sensex is 27, Date of allotment 4 th April, 2008 Scheme Benchmark S&P BSE 200 Past Performance may or may not sustained in future. Note : For computation of since inception returns (%) the allotment NAV has been taken as ` In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. The performance of other funds managed by the same fund managers are given in the respective page of the schemes and on page No.15 & 16. * Value of Investment of `10,000/- Invested in the Scheme. ** Additional Alternate Benchmark. SIP Performance SIP Investment Since Inception 5 Years 3 Years 1 Year Total Amount Invested 83,000 60,000 36,000 12,000 Mkt Value as of 31 st March, ,89,173 1,07,095 57,803 14,004 Fund Return (CAGR)*(%) 23.46% 23.41% 33.39% 32.54% Benchmark Return (CAGR)*(%) (S&P BSE 200) 14.84% 15.36% 22.79% 20.08% Add. Benchmark Return (CAGR)*(%) (S&P BSE Sensex) 13.72% 14.13% 19.94% 12.98% Past Performance may or may not sustained in future. *The returns are calculated by XIRR approach assuming investment of `1000/- on the 1 st working day of every month 7

8 Mirae Asset Emerging Bluechip Fund (An open ended equity fund) Monthly Factsheet April 2015 Investment Philosophy & Style The portfolio has predominantly securities of companies (more than 65%) which are not part of the top 100 stocks by market capitalization and have market capitalization of at least `100 Crores at the time of investment. The fund seeks to generate consistent capital appreciation by investing in quality mid-sized companies, which have sustainable competitive advantage as is reflected in the return on investment, growth profile, etc. Fund Information (as on 30 th April, 2015) Fund Manager Allotment Date 09 th July, 2010 Net Asset Value (NAV): Neelesh Surana : 18 years of experience in Financial Services including Fund Management. He has been managing fund since inception of the fund Regular Plan Growth Option : ` Dividend Option : ` Direct Plan Growth Option : ` Dividend Option : ` Benchmark Index : CNX Midcap AUM (` Cr.) (Annualised) Volatility 15.53% Beta 0.78 R Squared 0.83 Sharpe Ratio # 3.47 Information Ratio 2.48 Portfolio Turnover Please refer last page for details times Dividend History - Regular Plan - Dividend Option Record Date Dividend (`) Face Value (`) Cum NAV (`) 08-Dec per unit Mar per unit Oct per unit Past Performance may or may not sustained in future. Pursuant to payment of dividend the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy (if applicable) Fund Performance - since inception (Regular Plan Growth Option) Jul-10 Portfolio Top 10 holdings Equity Shares MAEBF % Allocation Yes Bank Ltd 3.86% ICICI Bank Ltd 3.76% Sundaram Finance Ltd 3.60% Kotak Mahindra Bank Ltd 3.31% Hindustan Petroleum Corporation Ltd 3.12% FAG Bearings India Ltd 2.70% Glenmark Pharmaceuticals Ltd 2.64% Gateway Distriparks Ltd 2.51% Natco Pharma Ltd 2.47% IPCA Laboratories Ltd 2.46% Other Equities 67.79% Total Equities 98.22% Cash & Other Receivables 1.78% Total % CNX Midcap S&P BSE SENSEX Allocation - Top 10 Sectors^ Banks Consumer Non Durables Pharmaceuticals Finance Chemicals Industrial Products Petroleum Products Auto Ancillaries Software Industrial Capital Goods Other Sectors 4.70% 4.21% 4.05% 3.83% 9.06% 8.13% 8.09% 10.43% 10.42% Apr % Past Performance may or may not be sustained in future. The above is NAV movement of graph as on 30 th April, The Scheme NAV and Benchmark index have been rebased to `10/- for illustration purposes % 0% 5% 10% 15% 20% 25% ^Industrywise classifi cation as recommended by AMFI. Performance Report - Regular Plan - Growth Option NAV MAEBF CNX Midcap S&P BSE Sensex** 31 st March, st March, % 50.96% 24.89% 31 st March, st March, % 16.36% 18.85% 31 st March, st March, % -4.02% 8.23% Since Inception (CAGR) - 31 st March, % 9.95% 9.97% Since Inception - 31 st March, 2015 (Value INR)* ,244 15,662 15,677 Index Value (31 st March, 2015) Index Value of CNX Midcap is 13, and Index value of S&P BSE Sensex is 27, Date of allotment 9 th July, 2010 Scheme Benchmark CNX Midcap Past Performance may or may not sustained in future. Note : For computation of since inception returns (%) the allotment NAV has been taken as ` In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. The performance of other funds managed by the same fund managers are given in the respective page of the schemes and on page No.15 & 16.* Value of Investment of `10,000/- Invested in the Scheme. ** Additional Alternate Benchmark. SIP Performance SIP Investment Since Inception 3 Years 1 Year Total Amount Invested 53,000 36,000 12,000 Mkt Value as of 31 st March, ,14,843 71,497 17,025 Return (CAGR)*(%) 36.30% 50.08% 85.78% Benchmark Return (CAGR)*(%) (CNX Midcap) 20.36% 31.03% 58.99% Add. Benchmark Return (CAGR)*(%) (S&P BSE Sensex) 15.67% 21.74% 27.39% Past Performance may or may not sustained in future. *The returns are calculated by XIRR approach assuming investment of `1000/- on the 1 st working day of every month 8

9 Mirae Asset India-China Consumption Fund (An open ended equity oriented scheme) Monthly Factsheet April 2015 Investment Philosophy & Style The fund gives investors a chance to invest in two of the world s fastest growing countries in one go, with India portion being more than 65% of the total portfolio. The fund invests in sectors which may benefit directly or indirectly from consumption led demand in India and China. The investment is focused on businesses which have sustainable competitive advantages as is reflected in the return on investment, growth profile, etc. Fund Information (as on 30 th April, 2015) Fund Manager Allotment Date 29 th March, 2011 Net Asset Value (NAV): Performance Report - Regular Plan - Growth Option 9 MAICCF Scheme Benchmark # S&P BSE Sensex** 31 st March, st March, % 28.25% 24.89% 31 st March, st March, % 23.86% 18.85% 31 st March, st March, % 13.20% 8.23% Since Inception (CAGR) - 31 st March, % 19.69% 9.94% Since Inception - 31 st March, 2015 (Value INR)* ,367 20,556 14,622 Index Value (31 st March, 2015) Index Value of benchmark is and Index value of S&P BSE Sensex is 27, Date of allotment 29 th March, 2011 Scheme Benchmark # Neelesh Surana : 18 years of experience in Financial Services including Fund Management and managing this fund since inception ; Sumit Agrawal (Domestic Investments): Over 10 years of experience in investment analysis and research including fund management and managing this fund since August 2014 and Bharti Sawant (Overseas Investments) has 6 years of experience in Equity Research Analysis and has been managing this fund since August Regular Plan Growth Option : ` Dividend Option : ` Direct Plan Growth Option : ` Dividend Option : ` Benchmark Index : S&P India & China Weighted Index. AUM (` Cr.) (Annualised) Volatility 12.57% Beta 0.80 R Squared 0.57 Sharpe Ratio # 2.74 Portfolio Turnover Ratio ^ 0.77 Please refer last page for details. Dividend History - Regular Plan - Dividend Option Record Date Dividend Face Cum (`) Value (`) NAV (`) 18-Mar per unit Mar per unit Dec per unit Past Performance may or may not sustained in future. Pursuant to payment of dividend the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy (if applicable) Portfolio Top 10 holdings Equity Shares (Domestic & International Equities) S&P India & China Weighted Index % Allocation HDFC Bank Ltd 7.76% ICICI Bank Ltd 6.27% Tencent Holdings 4.29% Indusind Bank Ltd 3.21% Maruti Suzuki India Ltd 3.21% Asian Paints Ltd 3.16% Britannia Industries Ltd 3.12% Ping An Ins Grp-H 3.03% Hero MotoCorp Ltd 3.01% Tata Motors Ltd 2.96% Other Equities 59.56% Total Equity Allocation 99.58% Cash & Other Receivables 0.42% Total % Allocation - Top Holdings Domestic Equities Sectoral Allocation^ (Top 5 holdings) Consumer Non Durables Banks Auto Finance Cement Other Sectors 4.98% 3.37% Past Performance may or may not sustained in future. Note : For computation of since inception returns (%) the allotment NAV has been taken as ` In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. The performance of other funds managed by the same fund managers are given in the respective page of the schemes and on page No.15 & 16. * Value of Investment of `10,000/- Invested in the Scheme. ** Additional Alternate Benchmark. 9.20% 19.11% 17.06% 20.86% 0% 5% 10% 15% 20% 25% ^Industrywise classifi cation as recommended by AMFI. Country Allocation 25.00% India China Cash &Other Receivables Allocation - Top Holdings International Equities Sectoral Allocation^ (Top 5 holdings) Internet Software & Services Life &Health Insurance Apparel, Accessories & Luxury Goods Computer Hardware Automobile Manufacturers Others 0.42% 2.86% 2.58% 2.09% 74.58% 4.14% 5.74% 0% 1% 2% 3% 4% 5% 6% 7% 8% ^Industrywise classifi cation as recommended by GICS. 7.58%

10 Mirae Asset Global Commodity Stocks Fund (An open ended equity fund) Monthly Factsheet April 2015 Investment Philosophy & Style The Fund offers investors access to commodity as an asset class by way of investments into commodity stocks of leading global companies involved directly or indirectly with the commodities business. The fund primarily invests in stocks in Asia Pacific markets and emerging markets thus offering investors an avenue to diversify beyond local boundaries. Fund Information (as on 30 th April, 2015) Fund Manager Gopal Agrawal : Over 14 years of experience in Fund Management and managing this fund since inception & Bharti Sawant (Overseas Investments): has 6 years of experience in Equity Research Analysis and has been managing this fund since August Allotment Date 20 th August, 2008 Net Asset Value (NAV): Regular Plan Growth Option : ` Dividend Option : ` Direct Plan Growth Option : ` Dividend Option : ` Benchmark Index : S&P Pan Asia Large Midcap Commodity & Resources Capped Index. AUM (` Cr.) 9.71 (Annualised) Volatility 15.56% Beta 0.96 R Squared 0.85 Sharpe Ratio # Portfolio Turnover Ratio^ 0.16 Please refer last page for details. Portfolio Top 10 holdings Equity Shares (Domestic & International Equities) % Allocation BHP Billiton Ltd 9.42% Reliance Industries Ltd 8.26% Oil & Natural Gas Corporation Ltd 8.14% Petrochina Company Ltd 7.72% China Petroleum -H- 7.10% Cnooc Ltd 6.98% Rio Tinto Ltd 4.85% Woodside Petroleum Ltd 4.17% Vedanta Ltd 4.11% Coal India Ltd 3.55% Other Equities 35.41% Equity Total 99.71% Cash & Cash Equivalents 0.29% Total % Domestic Equities Sectoral Allocation ^ Petroleum Products Oil Non -Ferrous Metals Minerals/Mining 3.55% 5.70% 10.15% 9.95% Country Allocation 4.63% 25.47% China 4.34% 2.11%4.02% International Equities Sectoral Allocation ^ Integrated Oil &Gas Oil&Gas Exploration & Production Diversified Metals &Mining Construction Materials Paper Packaging Others 29.79% India Australia Hong Kong Papua New Guinea 3.93% 29.35% 4.92% 10.53% Korea Others 17.83% 17.26% 15.90% 0% 2% 4% 6% 8% 10%12% ^Industrywise classifi cation as recommended by AMFI. 0% 5% 10% 15% 20% ^Industrywise classifi cation as recommended by GICS. Performance Report - Regular Plan - Growth Option MAGCSF Scheme Benchmark # S&P BSE Sensex** 31 st March, st March, % -6.07% 24.89% 31 st March, st March, % % 18.85% 31 st March, st March, % -5.02% 8.23% Since Inception (CAGR) - 31 st March, % 0.64% 10.23% Since Inception - 31 st March, 2015 (Value INR)* ,654 10,429 19,047 Index Value (31 st March, 2015) Index Value of benchmark is and Index value of S&P BSE Sensex is 27, Date of allotment 20 th August, 2008 Scheme Benchmark # S&P Pan Asia Large Midcap Commodity & Resource Capped Index Past Performance may or may not sustained in future. Note : For computation of since inception returns (%) the allotment NAV has been taken as ` In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. The performance of other funds managed by the same fund managers are given in the respective page of the schemes and on page No.15 & 16. * Value of Investment of `10,000/- Invested in the Scheme. ** Additional Alternate Benchmark. 10

11 Mirae Asset China Advantage Fund (An open ended fund of funds scheme) Monthly Factsheet April 2015 Investment Philosophy & Style The Fund invests in an underlying fund, which invests in equities of sector leading companies domiciled in, or exercising a large portion, of their economic activity in China and Hong Kong. The fund gives investors an opportunity to invest in China companies with high investment potential. The emphasis on market leaders gives the fund a bias towards large / mid-cap names. Fund is positioned to take advantages of the growth opportunities related to the secular and structural changes in China. Fund Information (as on 30 th April, 2015) Fund Manager Bharti Sawant has 6 years of experience in Equity Research Analysis and has been managing this fund since August Allotment Date 05 th November, 2009 Net Asset Value (NAV): Regular Plan Growth Option : ` Dividend Option : ` Direct Plan Growth Option : ` Dividend Option : ` Benchmark Index : MSCI China (in INR Terms) AUM (` Cr.) (Annualised) Volatility 16.06% Beta 0.68 R Squared 0.60 Sharpe Ratio # Please refer last page for details. Portfolio Top 10 holdings Mutual Fund Units & ETF % Allocation Mirae Asset China Sector Leader Equity Fund 95.75% Total Allocation to International Mutual Fund Units 95.75% Cash & Other Receivables 4.25% Total % Portfolio Holdings of Underlying Fund as on 31 st March, 2015 *Equity Shares Tencent Holdings Ltd 9.70% Ping An Insurance Group Co. of China Ltd 7.90% Industrial & Commercial Bank of China Ltd 6.80% Great Wall Motor Co. Ltd 5.10% Sunny Optical Technology (Group) Co. Ltd 4.00% China Resources Gas Group Limited 3.90% China Merchants Bank 3.80% Xinyi Solar Holdings Ltd. 3.80% Alibaba Group Holding Ltd. Sponsored ADR 3.50% Chongqing Changan Automobile 3.40% Others 48.10% Total % * Values are rounded off The underlying Fund Holdings are given with a 2 months lag as per the internal portfolio holding release guidelines for SICAV Funds. Allocation - Top 10 Sectors^ Financial IT Cons. Discretionery Healthcare Utilities Industrial Materials Consumer Staples Cash 3.0% 1.2% 3.4% 8.7% 7.6% 7.5% 11.8% 23.1% 33.7% 0% 5% 10%15%20%25%30%35%40% ^Industrywise classifi cation as recommended by GICS. Market Capitalization Allocation (Figures in USD Billion) Large Cap: (USD > 10Bln) Mid Cap: (USD 2-10Bln) Small Cap: (USD < 2Bln) Cash 3.4% 12.8% 35.4% 48.5% 0% 10% 20% 30% 40% 50% 60% Performance Report - Regular Plan - Growth Option MACAF MSCI China (INR) S&P BSE Sensex** 31 st March, st March, % 25.36% 24.89% 31 st March, st March, % 8.84% 18.85% 31 st March, st March, % 10.50% 8.23% Since Inception (CAGR) - 31 st March, % 7.82% 10.80% Since Inception - 31 st March, 2015 (Value INR)* ,017 17,404 Index Value (31 st March, 2015) Index value for benchmark is and Index value of S&P BSE Sensex is 27, Date of allotment 5 th November, 2009 Scheme Benchmark MSCI China (INR) Past Performance may or may not sustained in future. Note : For computation of since inception returns (%) the allotment NAV has been taken as ` In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. The performance of other funds managed by the same fund managers are given in the respective page of the schemes and on page No.15 & 16. * Value of Investment of `10,000/- Invested in the Scheme. ** Additional Alternate Benchmark. 11

12 Mirae Asset Cash Management Fund (An open ended liquid scheme) CRISIL AAAmfs Rated ~ Monthly Factsheet April 2015 Investment Objective The investment objective of the scheme is to generate consistent returns with a high level of liquidity in a judicious portfolio mix comprising of money market and debt instruments. The Scheme does not guarantee any returns. Investment Strategy The fund is positioned at the low end of the risk return scale Product offering with minimal interest rate risk Maintaining High Liquidity: Since the underlying investments will be in Bank CDs, Overnight instruments / CBLO and other debt instruments linked to short end rates, the fund manager can redeem instruments at a short notice We will try to maintain average maturity of around days. *This scheme is not an assured returns scheme. Fund Information (as on 30 th April, 2015) Fund Manager Mr. Yadnehsh Chavan has Over 9 years of experience in Investment Industry and has been managing this fund since December Allotment Date 12 th January, 2009 Net Asset Value (NAV): Regular Plan Growth Option : ` Direct Plan Growth Option : ` Benchmark Index : Crisil Liquid Fund Index AUM (` Cr.) (Annualised) Weighted Average Maturity days Modified Duration 0.07 Years Yield to Maturity Please refer last page for details. Portfolio Top 10 holdings Certificate of Deposit % Allocation Syndicate Bank 28.11% Bank of India 23.61% Oriental Bank of Commerce 13.80% Oriental Bank of Commerce 13.78% ICICI Bank Ltd 6.89% State Bank of Hyderabad 6.87% Axis Bank Ltd 6.86% Certificate of Deposit Total 99.90% CBLO / Repo 0.09% Net Receivables / (Payables) 0.01% Cash & Other Receivables Total 0.10% Total % Dividend History - Monthly Regular Plan Record Date Dividend (`) Face Value (`) Cum NAV (`) 24-Apr per unit , Mar per unit , Feb per unit , Past Performance may or may not sustained in future. Pursuant to payment of dividend the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy (if applicable) Rating Profile Allocation 0.10% A1+ Cash &Other Receivables 0.10% 3.77% Certificate of Deposites 99.90% 99.90% Cash &Other Receivables Performance Report - Regular Plan - Growth Option MACMF 12 Crisil Liquid Fund Index Crisil 1 Year T-Bill** Last 7 Days till 31 st March, % 0.12% 0.15% Last 15 Days till 31 st March, % 0.29% 0.38% Last 30 Days till 31 st March, % 0.65% 0.72% 31 st March, st March, % 8.85% 8.53% 31 st March, st March, % 9.46% 5.77% 31 st March, st March, % 8.22% 8.37% Since Inception (CAGR) - 31 st March, % 7.49% 6.99% Since Inception - 31 st March, 2015 (Value INR)* , , , Index Value (31 st March, 2015) Index Value of benchmark is 2, and Index value of Crisil 1 Year T-Bill is 4, Date of allotment 12 th January, 2009 Scheme Benchmark Crisil Liquid Fund Index Past Performance may or may not sustained in future. $ For computation of since inception returns (%) the allotment NAV has been taken as ` In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. (%) for less than 1 year calculated on simple annualized basis. Load is not considered for computation of returns. The performance of other funds managed by the same fund managers are given in the respective page of the schemes and on page No. 17. ** Additional Alternate Benchmark.* Value of Investment of `10,000/- Invested in the Scheme. ~ Refer last page for disclaimer.

13 Mirae Asset Ultra Short Term Bond Fund (An open ended debt scheme) Monthly Factsheet April 2015 Investment Objective The investment objective of the scheme is to seek to generate returns with low volatility and higher liquidity through a portfolio of debt and money market instruments. The Scheme does not guarantee any returns. Investment Strategy MAUSTBF is positioned between liquid funds and short-term plans with respect to the risk-return matrix. In terms of credit quality, the fund aims to primarily invest in a mix of highest rated instruments (i.e A1+ for money market instruments, AAA for corporate bonds category) The fund will try to position itself in the high quality and medium / low interest rate sensitive debt securities. We will try to maintain average maturity of around days. Fund Information (as on 30 th April, 2015) Fund Manager Mr. Yadnesh Chavan has Over 9 years of experience in Investment Industry and has been managing this fund since December Allotment Date 5 th March, 2008 Net Asset Value (NAV): Institutional Growth Option : ` Direct Plan Growth : ` Benchmark Index : Crisil Liquid Fund Index AUM (` Cr.) (Annualised) Weighted Average Maturity days Modified Duration 0.29 years Yield to Maturity Please refer last page for details. Portfolio Top 10 holdings Certificate of Deposit % Allocation Bank of India 22.34% Axis Bank Ltd 15.91% Syndicate Bank 15.41% Canara Bank 11.23% Corporation Bank 10.28% Certificate of Deposit - Total 75.17% CBLO / Repo 23.30% Net Receivables / (Payables) 1.53% Cash & Other Receivables - Total 24.83% Total % Dividend History - Monthly Institutional Plan Record Date Dividend (`) Face Value (`) Cum NAV (`) 24-Apr per unit Mar per unit Feb per unit Past Performance may or may not sustained in future. Pursuant to payment of dividend the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy (if applicable) Rating Profile Allocation 24.83% 24.83% 26.27% 73.73% 75.17% A1+ Cash &Other Receivables Certificate of Deposits 75.17% 73.73% Cash &Other Receivables Performance Report - Institutional Plan - Growth Option MAUSTBF Crisil Liquid Fund Index Crisil 1 year T-Bill** 31 st March, st March, % 8.85% 8.53% 31 st March, st March, % 9.46% 5.77% 31 st March, st March, % 8.22% 8.37% Since Inception (CAGR) - 31 st March, % 7.67% 6.25% Since Inception - 31 st March, 2015 (Value INR)* , , , Index Value (31 st March, 2015) Index Value of benchmark is 2, and Index value of Crisil 1 Year T-Bill is 4, Date of allotment 5 th March, 2008 Scheme Benchmark Crisil Liquid Fund Index Past Performance may or may not sustained in future. $ For computation of since inception returns (%) the allotment NAV has been taken as ` In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. The performance of other funds managed by the same fund managers are given in the respective page of the schemes and on page No. 17. ** Additional Alternate Benchmark.* Value of Investment of `10,000/- Invested in the Scheme. 13

14 Mirae Asset Short Term Bond Fund (An open ended debt fund) Monthly Factsheet April 2015 Investment Objective The investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and money market instruments. The Scheme does not guarantee any returns. Investment Strategy The fund shall endeavor to capture the debt market returns based on evolving rate and macro-economic environment. The fund aims to benefit from current higher yields and potential trending down in yields in medium term. In terms of credit quality, the fund aims to invest in a mix of highest rated (P1+/A1+) debt / money market instruments at the short end and AAA and AA category at long end. The fund will try to position itself in the high quality and medium interest rate sensitive debt securities. The fund management team will primarily use a top down approach for taking interest rate view, sector allocation along with bottom up approach for security, instrument selection. The bottom up approach will assess the quality of the security / instrument (including the financial health of the issuer) as well as liquidity of the security. Fund Information (as on 30 th April, 2015) Fund Manager Mr. Yadnesh Chavan has Over 9 years of experience in Investment Industry and has been managing this fund since December Allotment Date 3 rd August, 2009 Net Asset Value (NAV): Regular Plan Growth Option : ` Direct Plan Growth Option : ` Benchmark Index : Crisil Short Term Debt Index AUM (` Cr.) 4.78 (Annualised) Weighted Average Maturity days Modified Duration 0.44 Years Yield to Maturity Please refer last page for details. Portfolio Top 10 holdings Certificate of Deposit % Allocation Corporation Bank 35.83% Canara Bank 29.81% Bank of India 20.66% Certificate of Deposit - Total 86.29% CBLO / Repo 14.81% Net Receivables / (Payables) -1.10% Cash & Other Receivables - Total 13.71% Total % Dividend History - Monthly Regular Plan Record Date Dividend (`) Face Value (`) Cum NAV (`) 24-Apr per unit Mar per unit Feb per unit Past Performance may or may not sustained in future. Pursuant to payment of dividend the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy (if applicable) Rating Profile Allocation 13.71% 13.71% - Certificate of Deposits 86.29% A1+ Others 86.29% Others Performance Report - Regular Plan - Growth Option MASTBF 14 Crisil Short Term Bond Fund Index Crisil 1 year T-Bill** 31 st March, st March, % 10.13% 8.53% 31 st March, st March, % 8.79% 5.77% 31 st March, st March, % 9.10% 8.37% Since Inception (CAGR) - 31 st March, % 7.85% 7.20% Since Inception - 31 st March, 2015 (Value INR)* , , , Index Value (31 st March, 2015) Index Value of benchmark is 2, and Index value of Crisil 1 Year T-Bill is 4, Date of allotment 3 rd August, 2009 Scheme Benchmark Crisil Short Term Bond Fund Index Past Performance may or may not sustained in future. $ For computation of since inception returns (%) the allotment NAV has been taken as ` In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. The performance of other funds managed by the same fund managers are given in the respective page of the schemes and on page No. 17. ** Additional Alternate Benchmark.* Value of Investment of `10,000/- Invested in the Scheme.

15 Fund Performance For all Equity Funds Performance of funds managed by Gopal Agrawal, Neelesh Surana, Sumit Agrawal & Bharti Sawant (Overseas Investments) Mirae Asset India Opportunities Fund (MAIOF) - Fund Manager - Neelesh Surana & Sumit Agrawal NAV MAIOF S&P BSE 200 S&P BSE Sensex** 31 st March, st March, % 31.93% 24.89% 31 st March, st March, % 17.19% 18.85% 31 st March, st March, % 6.03% 8.23% Since Inception (CAGR) - 31 st March, % 9.31% 8.96% Since Inception - 31 st March, 2015 (Value INR)* ,427 18,633 18,222 Index Value (31 st March, 2015) Index Value of S&P BSE 200 is and Index value of S&P BSE Sensex is 27, Date of allotment 4 th April, 2008 Scheme Benchmark S&P BSE 200 Mirae Asset India Opportunities Fund (MAIOF) - SIP Performance SIP Investment Since Inception 5 Years 3 Years 1 Year Total Amount Invested 83,000 60,000 36,000 12,000 Mkt Value as of 31 st March, ,89,173 1,07,095 57,803 14,004 Fund Return (CAGR)*(%) 23.46% 23.41% 33.39% 32.54% Benchmark Return (CAGR)*(%) (S&P BSE 200) 14.84% 15.36% 22.79% 20.08% Add. Benchmark Return (CAGR)*(%) (S&P BSE Sensex) 13.72% 14.13% 19.94% 12.98% Mirae Asset Emerging Bluechip Fund (MAEBF) - Fund Manager - Neelesh Surana NAV MAEBF CNX Midcap S&P BSE Sensex** 31 st March, st March, % 50.96% 24.89% 31 st March, st March, % 16.36% 18.85% 31 st March, st March, % -4.02% 8.23% Since Inception (CAGR) - 31 st March, % 9.95% 9.97% Since Inception - 31 st March, 2015 (Value INR)* ,244 15,662 15,677 Index Value (31 st March, 2015) Index Value of CNX Midcap is 13, and Index value of S&P BSE Sensex is 27, Date of allotment 9 th July, 2010 Scheme Benchmark CNX Midcap Mirae Asset Emerging Bluechip Fund (MAEBF) - SIP Performance SIP Investment Since Inception 3 Years 1 Year Total Amount Invested 53,000 36,000 12,000 Mkt Value as of 31 st March, ,14,843 71,497 17,025 Return (CAGR)*(%) 36.30% 50.08% 85.78% Benchmark Return (CAGR)*(%) (CNX Midcap) 20.36% 31.03% 58.99% Add. Benchmark Return (CAGR)*(%) (S&P BSE Sensex) 15.67% 21.74% 27.39% Mirae Asset India China Consumption Fund (MAICCF) - Fund Manager - Neelesh Surana, Sumit Agrawal & Bharti Sawant (Overseas Investments) MAICCF Scheme Benchmark # S&P BSE Sensex** 31 st March, st March, % 28.25% 24.89% 31 st March, st March, % 23.86% 18.85% 31 st March, st March, % 13.20% 8.23% Since Inception (CAGR) - 31 st March, % 19.69% 9.94% Since Inception - 31 st March, 2015 (Value INR)* ,367 20,556 14,622 Index Value (31 st March, 2015) Index Value of benchmark is and Index value of S&P BSE Sensex is 27, Date of allotment 29 th March, 2011 Scheme Benchmark # S&P India & China Weighted Index 15

16 Fund Performance For all Equity Funds (contd...) Performance of funds managed by Gopal Agrawal, Neelesh Surana, Sumit Agrawal & Bharti Sawant (Overseas Investments) Mirae Asset Global Commodity Stocks Fund (MAGCSF) - Fund Manager - Gopal Agrawal & Bharti Sawant (Overseas Investments) MAGCSF Scheme Benchmark # S&P BSE Sensex** 31 st March, st March, % -6.07% 24.89% 31 st March, st March, % % 18.85% 31 st March, st March, % -5.02% 8.23% Since Inception (CAGR) - 31 st March, % 0.64% 10.23% Since Inception - 31 st March, 2015 (Value INR)* ,654 10,429 19,047 Index Value (31 st March, 2015) Index Value of benchmark is and Index value of S&P BSE Sensex is 27, Date of allotment 20 th August, 2008 Scheme Benchmark # S&P Pan Asia Large Midcap Commodity & Resource Capped Index Mirae Asset China Advantage Fund (MACAF) - Fund Manager - Bharti Sawant MACAF MSCI China (INR) S&P BSE Sensex** 31 st March, st March, % 25.36% 24.89% 31 st March, st March, % 8.84% 18.85% 31 st March, st March, % 10.50% 8.23% Since Inception (CAGR) - 31 st March, % 7.82% 10.80% Since Inception - 31 st March, 2015 (Value INR)* ,017 17,404 Index Value (31 st March, 2015) Index value for benchmark is and Index value of S&P BSE Sensex is 27, Date of allotment 5 th November, 2009 Scheme Benchmark MSCI China (INR) Past Performance may or may not sustained in future. $ For computation of since inception returns (%) the allotment NAV has been taken as ` In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. Load is not considered for computation of return. The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. provided are for Regular Plan-Growth Option. Return(%) for less than 1 year are calculated on simple annualized basis. CAGR - Compounded Annualised Growth returns. *As per SEBI standard on performance disclosure, returns in INR terms based on a standard investment of `10,000/- have been shown only for Schemes that have been in existence for more than three years. NAV (per unit) is at the end of the period. **Alternate Scheme - Benchmark. SIP Investment Amount per Month = `1,000/-. SIP Valuation Date = 31 st March, The returns are calculated by XIRR approach assuming investment of `1000/- on the 1 st working day of every month S&P Disclaimer: S&P Pan Asia Large Midcap Commodity & Resource Capped Index and S&P India & China Weighted Index (the Index ) are the exclusive property of S&P Opco. LLC, a subsidiary of S&P Dow Jones Indices LLC ( S&P Dow Jones Indices ) and / or its affiliates. Mirae Asset Global Investments (India) Pvt. Ltd. has contracted with S&P Down Jones Indices to calculate and maintain the Index. Neither S&P Dow Jones Indices nor any of its affiliates shall be liable to Mirae Asset Global Investments (India) Pvt. Ltd. for any loss or damage, direct, indirect or consequential, arising from (i) any inaccuracy or incompleteness in, or delays, interruptions, errors or omission in the delivery of, the Index or any data related thereto or (ii) any decision made or action taken by Mirae Asset Global Investments (India) Pvt Ltd in reliance upon such Index and / or data. Neither S&P Dow Jones Indices nor its affiliates shall be liable to Mirae Asset Global Investments (India) Pvt. Ltd. for loss of business revenues, lost profits or any punitive, indirect, consequential, special or similar damages whatsoever, whether in contract, tort or otherwise, even if advised of the possibility of such damages. Mirae Asset Global Investments (India) Pvt. Ltd. expressly acknowledges that S&P Dow Jones Indices and its affiliates do not make any warranties, express or implied, with respect to the Index and / or its related data, including, without limitation, (i) any warranties with respect to the timeliness, sequence, accuracy, completeness currentness, merchantability, quality or fitness for a particular purpose of such Index and / or data or (ii) any warranties as to the results to be obtained by the Mirae Asset Global Investments (India) Pvt. Ltd. or any other person or entity in connection with use of such Index and / or data. 16

17 Fund Performance For all Debt Funds Performance of funds managed by Mr. Yadnesh Chavan Mirae Asset Cash Management Fund (MACMF) MACMF Crisil Liquid Fund Index Crisil 1 year T-Bill** Last 7 Days till 31 st March, % 0.12% 0.15% Last 15 Days till 31 st March, % 0.29% 0.38% Last 30 Days till 31 st March, % 0.65% 0.72% 31 st March, st March, % 8.85% 8.53% 31 st March st March, % 9.46% 5.77% 31 st March, st March, % 8.22% 8.37% Since Inception (CAGR) - 31 st March, % 7.49% 6.99% Since Inception - 31 st March, 2015 (Value INR)* , , , Index Value (31 st March, 2015) Index Value of benchmark is 2, and Index value of Crisil 1 Year T-Bill is 4, Date of allotment 12 th January, 2009 Scheme Benchmark Crisil Liquid Fund Index Mirae Asset Ultra Short Term Bond Fund (MAUSTBF) MAUSTBF Crisil Liquid Fund Index Crisil 1 year T-Bill** 31 st March, st March, % 8.85% 8.53% 31 st March, st March, % 9.46% 5.77% 31 st March, st March, % 8.22% 8.37% Since Inception (CAGR) - 31 st March, % 7.67% 6.25% Since Inception - 31 st March, 2015 (Value INR)* , , , Index Value (31 st March, 2015) Index Value of benchmark is 2, and Index value of Crisil 1 Year T-Bill is 4, Date of allotment 5 th March, 2008 Scheme Benchmark Crisil Liquid Fund Index Mirae Asset Short Term Bond Fund (MASTBF) MASTBF Crisil Short Term Bond Fund Index Crisil 1 year T-Bill** 31 st March, st March, % 10.13% 8.53% 31 st March, st March, % 8.79% 5.77% 31 st March, st March, % 9.10% 8.37% Since Inception (CAGR) - 31 st March, % 7.85% 7.20% Since Inception - 31 st March, 2015 (Value INR)* , , , Index Value (31 st March, 2015) Index Value of benchmark is 2, and Index value of Crisil 1 Year T-Bill is 4, Date of allotment 3 rd August, 2009 Scheme Benchmark Crisil Short Term Bond Fund Index Past Performance may or may not sustained in future. $ For computation of since inception returns (%) the allotment NAV has been taken as `10.00 for MASTBF and ` for MACMF & MAUSTBF. In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. (%) for less than 1 year calculated on simple annualized basis. Load is not considered for computation of returns. The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. provided are for Regular Plan-Growth Option. CAGR - Compounded Annualised Growth returns. *As per SEBI standard on performance disclosure, returns in INR terms based on a standard investment of `10,000/- have been shown only for Schemes that have been in existence for more than three years. NAV (per unit) is at the. **Alternate Scheme - Benchmark. For MAUSTBF the returns are for Institutional Plan - Growth Option. 17

18 Product Labelling Name of the Scheme These products are suitable for investors who are seeking* Mirae Asset India Opportunities Fund (MAIOF) long-term capital appreciation investments in equities, equity related securities High Risk (BROWN) Mirae Asset Emerging Bluechip Fund (MAEBF) long-term capital appreciation predominantly investments in Indian equities and equity related securities of companies which are not part of the top 100 stocks by market capitalization High Risk (BROWN) Mirae Asset India-China Consumption Fund (MAICCF) long-term capital appreciation investment in equity and equity related securities of companies benefiting directly or indirectly from consumption led demand in India / China. High Risk (BROWN) Mirae Asset Global Commodity Stocks Fund (MAGCSF) long-term capital appreciation investment in equity and equity related securities of companies that are engaged in commodity and commodities related sectors / sub sectors / industries, with at least 65% of the corpus invested overseas in Asia Pacific and Emerging Markets. High Risk (BROWN) Mirae Asset China Advantage Fund (MACAF) long-term capital appreciation investment predominantly in units of MACSLEF (Mirae Asset China Sector Leader Equity Fund) and / or units of other mutual fund schemes, ETFs, that focus on investing in equities and equity related securities of companies domiciled in or having their area of primary activity in China and Hong Kong High Risk (BROWN) Mirae Asset Cash Management Fund (MACMF) optimal returns over short term investment in a portfolio of short duration money market and debt instruments Low Risk (BLUE) Mirae Asset Ultra Short Term Bond Fund (MAUSTBF) optimal returns over medium term investment in a portfolio of debt and money market instruments Low Risk (BLUE) Mirae Asset Short Term Bond Fund (MASTBF) optimal returns over short to medium term investment in an actively managed diversified portfolio of debt and money market instruments Low Risk (BLUE) *Investors should consult their financial advisors if they are not clear about the suitability of the product. Note: Risk is represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk 18

19 For Equity Funds: Current Expense Ratio for Growth Option (#) (E ffective Date 01 st October, 2012) Regular Plan: On the first 100 crores daily net assets 2.50% On the next 300 crores daily net assets 2.25% On the next 300 crores daily net assets 2.00% On the balance of the net assets 1.75% In addition to the above a charge of 20 bps on the daily net assets; Plus, a proportionate charge in respect sales beyond T-15 cities subject to maximum of 30 bps on daily net assets may also be charged (currently not being charged). Excluding service tax on Investment Management Fee. For Direct Plans (Effective Date 01 st January, 2013)#: The above expense ratio will also be applicable for Direct Plans except that the Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc. and no commission for distribution of Units will be paid / charged under Direct Plan. (#) Any change in the expense ratio will be updated on AMC Website. For Liquid / Debt Funds: Current Expense Ratio for Growth Option (#) (Effective Date 01 st October, 2012) Regular / Institutional Plan On the first 100 crores daily net assets 2.25% On the next 300 crores daily net assets 2.00% On the next 300 crores daily net assets 1.75% On the balance of the net assets 1.50% In addition to the above a charge of 20 bps on the daily net assets; Plus, a proportionate charge in respect sales beyond T-15 cities subject to maximum of 30 bps on daily net assets may also be charged (currently not being charged). Excluding service tax on Investment Management Fee. For Direct Plans (Effective Date 01 st January, 2013)#: The above expense ratio will also be applicable for Direct Plans except that the Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc. and no commission for distribution of Units will be paid / charged under Direct Plan. (#) Any change in the expense ratio will be updated on AMC Website. For Fund of Funds: Current Expense Ratio for Growth Option (#) (Effective Date 1 st October, 2012 is 2.50%) In addition to the above a charge of 20 bps on the daily net assets; Plus, a proportionate charge in respect sales beyond T-15 cities subject to maximum of 30 bps on daily net assets may also be charged (currently not being charged). *Excluding Service Tax on Investment Management Fees, if any. ** includes expenses charged by the underlying fund as well. For Direct Plans (Effective Date 01 st January, 2013)#: The above expense ratio will also be applicable for Direct Plans except that the Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc. and no commission for distribution of Units will be paid / charged under Direct Plan. **The investors, in addition to the above recurring expense shall also bear the recurring expense of the underlying scheme. However the total recurring expenses (including the recurring expense of the underlying scheme) will not exceed 2.7% p.a. (#) Any change in the expense ratio will be updated on AMC Volatility, Beta, R Squared, and Sharpe Ratio & Information Ratio are calculated on returns from one year daily data points. # Risk free rate: average of 91 day T bill rate over 1 year. Average calculated from May14 to April 15. ^Basis last rolling 12 month. Dividend is gross dividend. As per current Income Tax Rules, for financial year dividend under equity scheme is tax free in the hands of investors, whereas for Dividend under Debt schemes applicable dividend distribution tax, if any, needs to be adjusted by the AMC. The fiscal rules / tax laws are subject to change. For further details, please refer to the section titled Taxation in the Statement of Additional Information of Mirae Asset Mutual Fund. In view of the individual nature of tax consequences, each investor is advised to consult his / her professional tax advisor. For complete dividend history details please refer to our website Statutory Details: Sponsor: Mirae Asset Global Investments Company Limited. Trustee: Mirae Asset Trustee Company Private Limited; Investment Manager: Mirae Asset Global Investments (India) Private Limited. Investment Objective: Mirae Asset India Opportunities Fund (An open-ended equity oriented scheme): To generate long term capital appreciation by capitalizing on potential investment opportunities through predominantly investing in equities, equity related securities. There is no assurance or guarantee of returns. Asset Allocation: (1) Indian Equities and Equity Related Securities: % (2) Money market instruments / debt securities Instruments: 0-35% (Including up to 25% of corpus in securitized debt).transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers. Investment Objective: Mirae Asset Emerging Bluechip Fund (An open ended equity fund) - 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 atleast ` 100 Crores 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. 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 the top 100 stocks by market capitalization and have market capitalization of at least `100 Crores at the time of investment: % (2) Other Indian Equities and Equity Related Securities: 0-35%; Money market instruments / debt securities Instruments (Including upto 20% of corpus in securitized debt): 0-35%. Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers. Investment Objective: Mirae Asset India-China Consumption Fund (An open ended equity oriented scheme) - The investment objective of the scheme is to generate long term capital appreciation through an actively managed portfolio investing in equity and equity related securities of companies that are likely to benefit either 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 that are likely to benefit either directly or indirectly from consumption led demand: 65-90% (2) Chinese Equities and Equity Related Securities of companies that are likely to benefit either directly or indirectly from consumption led demand: 10-35%; (3) Money market instruments / debt securities Instruments and / or units of debt / liquid schemes of domestic Mutual Funds: 0-25%. Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers Investment Objective: Mirae Asset Global Commodity Stocks Fund (An open-ended equity fund): To generate long term capital appreciation through an actively managed portfolio investing in equity and equity related securities of companies that are engaged in commodity and commodities related sectors / sub sectors / industries, with at least 65% of the corpus invested 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 that are engaged in commodity and commodities related sectors / sub sectors / industries: % (2) Indian Equities and Equity Related Securities, including but not limited to those that are engaged in commodity and commodities related sectors / sub sectors / industries: 0-35% (3) Money market instruments / debt securities Instruments** (Including upto 25% of corpus in securitized debt): 0-35%. Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers. Investment Objective: Mirae Asset China Advantage Fund (An open-ended fund of funds scheme): The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in units of Mirae Asset China Sector Leader Equity Fund and / or units of other mutual fund schemes, units of exchange traded schemes that focus on investing in equities and equity related securities of companies domiciled in or having their area of primary activity in China and Hong Kong. The Scheme may also invest a certain portion of its corpus in debt and money market securities and / or units of debt / liquid schemes of Domestic 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 other mutual fund schemes, units of ETFs investing in equities and equity related securities of companies domiciled in or having their area of primary activity in China and Hong Kong*: % (2) Money market instruments / debt securities Instruments** and / or units of debt / liquid schemes of domestic Mutual Funds: 0-20% (*Equity and Equity related instruments include convertible debentures, equity warrants, convertible preference shares, equity derivatives etc. ** Debt instruments include securitized debt upto 20% of corpus). Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers and on the AMFI website by 10 a.m. of the following Business Day. Investors should also be aware that the underlying scheme(s) could charge entry load / exit load which may affect the returns to the investors. The load structure of the underlying scheme(s) may change from time to time. Investment Objective: Mirae Asset Cash Management Fund (An open-ended debt scheme): The investment objective of the scheme is to generate consistent returns with a high level of liquidity in a judicious portfolio mix comprising of money market and debt instruments. The Scheme does not guarantee any returns. Asset Allocation: (1) Money Market Instruments (including Cash, Reverse Repo, CBLO) MIBOR linked instruments : %. (2) Debt Instruments with residual maturity upto 91 days ony : 0-80%. Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers and on the AMC & AMFI website. Load Structure : Entry Load - N.A. Exit Load - Nil. Investment Objective: Mirae Asset Ultra Short Term Bond Fund (An open-ended debt scheme): The investment objective of the scheme is to seek to generate returns with low volatility and higher liquidity through a portfolio of debt and money market instruments. The Scheme does not guarantee any returns. Asset Allocation: (1) Money Market Instruments and debt instruments with residual maturity and repricing tenor not exceeding 1 year: 50% to 100% (2) Debt Instruments with residual maturity and repricing tenor exceeding 1 year (including Securitized Debt upto 50% of net assets): 0% to 50%. Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers and on the AMC / AMFI website.. Load Structure: Entry Load - NA, Exit Load - Nil Investment Objective: Mirae Asset Short Term Bond Fund (An open ended Debt scheme): The investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and money market instruments. There is no assurance OR guarantee of returns. Asset Allocation: (1) Money Market Instruments and debt instruments with residual maturity and repricing tenor not exceeding 182 days: % (2) Debt Instruments with residual maturity and repricing tenor exceeding 182 days: 0-80% (The Scheme may invest upto 50% of net assets in securitized debt). Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers and on the AMC / AMFI website. Load Structure: Entry Load - NA, Exit Load - If redemption within 6 months (180 days) from the date of allotment 0.5% If redemption after 6 months (180 days) from the date of allotment - Nil ~ Crisil Disclaimer : A Crisil credit quality rating on a bond fund reflects Crisil s current opinion on the degree of protection offered by the rated instrument from losses related to credit defaults. It does not constitute an audit by Crisil of the fund house, the scheme, or companies in the scheme s portfolio. Crisil ratings are based on information provided by the issuer or obtained by Crisil from sources it considers reliable. Crisil does not guarantee the completeness or accuracy of the information on which the rating is based. A Crisil rating is not a recommendation to buy, sell or hold the rated scheme. It does not comment on the market price or suitability for a particular investor. All Crisil ratings are under surveillance. The assigned rating Crisil AAAmfs is valid only for Mirae Asset Cash Management Fund. The rating of Crisil is not an opinion on the Asset Management Company s willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the Fund, which could vary with market developments. Crisil reserves the right to suspend, withdraw or revise its rating at any time, on the basis of any new information or unavailability of information or any other circumstances, which Crisilbelieves may have an impact on the rating. 19

20 Spot the potential early Invest in Mirae Asset Emerging Bluechip Fund (An open ended equity fund) Today s Bluechips were Emerging companies not long ago. Mirae Asset now offers you an opportunity to tap into the value of today s mid and small sized* companies which have the potential to perform well in the coming years. Invest in Mirae Asset Emerging Bluechip Fund. It could be the most invaluable decision you ever took. * As per scheme mandate. Product Labelling This product is suitable for investors who are seeking* long-term capital appreciation Predominantly investments in Indian equities and equity related securities of companies which are not part of the top 100 stocks by market capitalization High Risk (BROWN) Note: Risk is represented as (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.