Offer open: Till 10 March
Scheme type: Open-ended diversified equity
Minimum investment: Rs 5,000; unit price: Rs 10
Loads: Entry load: 2.25% Exit load: 1% (if less than six months), 0.5% (if six months to one year)
Options: Growth and dividend (reinvestment, payout and transfer)
Investor grievances: Rohit Chawda. Tel: (022) 67800300. E-mail: miraeasset@miraeassetmf.co.in
Objective: To generate long-term capital appreciation by taking advantage of potential investment opportunities through investments in equities and equityrelated securities.
Benchmark: BSE 200
Fund manager: Gopal Agarwal
Asset allocation:
65-100% Equity and equity-linked
0-35% Debt and cash
Comparable existing scheme | |
| Fund name | HDFC Core and Satellite Fund |
| NAV* (Rs) | 29.73 |
| 1-year return(%) | 13.56 |
| Since inception(%) | 34.48 |
| *NAV as on 11 February. Source: NAVIndia | |
Idea distiller: For its debut, the fund house is offering a simple-to-work fund, but with a different investment style.
Fund house report: Though a new fund house, Mirae Asset has been present in India as a foreign institutional investor for more than three years with investments of over $3 billion (approximately Rs 12,000 crore) through India dedicated offshore funds.
Fund manager report: Performance of fund manager
Returns profile 5/5
Risk profile 4/5
Scheme DNA:
Four fundamentals of the fund scheme:
Unique idea: Medium
Return possibility: Medium
Risk: Medium
Operability/complexity: Medium
Who should apply: The scheme belongs to the core holding of an investor portfolio. Invest if you have not fully invested already in equity-diversified schemes.
Remember: Since the fund seeks to diversify across sectors, market caps and investment styles to minimise risks during market volatility (unlike a sector fund), the role of the fund manager and in-house research becomes critical. Also, while the fund may be able to minimise risks, it might miss out on sector-specific gains.
