Apr 26, 2008

Mirae Asset MF files an offer document -Global Commodity Stocks Fund

26 Apr 2008 | 14:16 Mirae Asset MF files an offer document
Name of Fund: Mirae Asset Global Commodity Stocks Fund

Scheme: It is an Open ended equity fund.

Objective: 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 benefit either directly or indirectly from commodity price movements, with at least 65% of the corpus invested overseas in Asia Pacific and Emerging Markets.

Plans: The scheme shall have regular plan.

Investment option: The investors will have the choice of two options viz. Dividend Option and Growth Option

Dividend Option shall have the choice of dividend payout, dividend reinvestment and dividend transfer options. Systematic Investment Plan (SIP) / Systematic Withdrawal Plan (SWP) / Systematic Transfer Plan (STP) will be available in the Scheme.

Asset Allocation:

Asia Pacific and/or Emerging Markets Equities and Equity Related Securities (excluding Indian equities and equities related securities) of companies that benefit either directly or indirectly from commodities price movements. OR Units/Securities issued by Overseas Mutual Funds or Unit Trusts or Overseas Exchange Traded Funds registered with overseas regulators and investing in aforesaid equities or equity related securities of companies that benefit from commodity price movements:- Minimum allocation: 65%. Maximum allocation: 100%.

Indian Equities and Equity Related Securities that benefit either directly or indirectly from commodities price movements: - Minimum allocation: 0%. Maximum allocation: 35%.

Other Indian Equities and Equities related instruments: - Minimum allocation: 0%. Maximum allocation: 35%.

Money market instruments / debt securities Instruments (Including upto 25% of corpus in securitized debt): - Minimum allocation: 0%. Maximum allocation: 35%.

Face Value: Rs 10

Entry Load:

Entry Load for each purchase

Load (% of Rs 10 or Applicable NAV as the case may be)

1. Regular Plan

a. Purchase amount less than Rs. 5 crore

2.25%

b. Purchase amount greater than or equal to Rs. 5 crore

Nil

2. Systematic Investment Plan & Systematic Transfer Plan

2.25%

3. By Fund of Funds (regardless of the purchase amount)

Nil

4. By Switch-In from the other equity schemes of the fund

Nil

5. By Switch-In from schemes other than equity schemes

Same as the case in Regular Plan above

In case of SIP / STP the above criteria for Entry Load will be applicable for each instalment. A switch-in will also attract an Entry Load like any Purchase as mentioned above.

Exit Load:

Exit Load for Each Redemption

Load (% of applicable NAV)

1. Regular Plan

a. For the purchase amount less than Rs. 5 crore

i. If redeemed within 6 months from the date of allotment

1.00%

ii. If redeemed on or after 6 months but before 12 months from the date of allotment

0.50%

b. For the purchase amount greater than or equal to Rs. 5 crore

Nil

2. For Systematic Withdrawal Plan/ Systematic Investment Plan / Systematic Transfer Plan

If redeemed within 12 months from the date of allotment

1.00%

Exit load is applicable for all the Plans under the Scheme by applying First in First Out basis. No Entry/Exit Load is chargeable in case of switches made between different options of scheme.

Application Amount: Minimum investment under regular plan is Rs 5,000 and in multiples of Re 1 thereafter. Additional investments in an existing folio can be made for Rs.1000 and in multiples of Re.1 thereafter. The minimum investment under SIP option will be for Rs.1000 in multiples of Re.1 thereafter for a minimum of 6 monthly installments and for Rs.1500 in multiples of Re. thereafter for a minimum of 4 quarterly installments.

Tax Benefit: Tax benefits to the unit holders under Section 112 of the I.T Act.

Benchmark Index: MSCI Asia Pacific ex Japan and India Energy & Materials Index (55%)+ MSCI Brazil Energy & Materials Index (10%) + BSE 200 (35%).

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