Mirae Asset Opportunity Fund

Mirae AMC has launched a open ended equity scheme called "Mirae Asset Opportunity Fund". 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.

Under normal circumstances, the asset allocation pattern of the scheme shall be as under:
Equity and Equity Related Instruments: 65% - 100%
Debt and Money Market Instruments (including Securitised Debt): 0 – 35%

The corpus of the Scheme shall be predominantly invested in equity and equity related securities including convertible debentures,equity warrants, convertible preference shares, equity derivatives etc. in Indian markets. However, due to market conditions, the AMC may invest beyond the range set out above. Such deviations shall normally be for a short term purpose only, for defensive considerations and the intention being at all times to protect the interests of the Unit Holders.

Scheme Details
Issues opens: February 11, 2008
Issue Closes: March 10, 2008
Type: Open-ended, equity scheme
Plan : Growth Option and Dividend Option. Dividend Option shall have the choice of dividend payout, dividend reinvestment and dividend transfer options.
Minimum Investment: Rs. 5,000. Additional amount in multiples of 1 thereafter.
Entry Load: For investments below Rs 5 crores, there will be an entry load o Rs 2.25%.
Exit Load:
For purchase amount less than Rs. 5 Crores
a. Redemption within 6 months from the date of allotment 1.00
b. Redemption between 6 and 12 months from the date of allotment 0.50
Purchase amount greater than Rs. 5 Crores NIL
Benchmark : BSE 200
Recurring expenses : Upto 2.5% per annum which includes marketing, investment management and operational costs.

Liquidity - The Scheme will offer units for purchases/switch-ins and redemptions/switch-outs at NAV based prices on all business days on an ongoing basis. The scheme will re-open for purchases on April 8th.