Mirae Asset MF launches new Liquid Plus Fund- Mirae Asset Liquid Plus Fund

Mirae Asset MF launches new Liquid Plus Fund

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Name of Fund: Mirae Asset Liquid Plus Fund

Scheme: It is an open-ended debt scheme.

Objective: The primary 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.

Fund Opens: 29 February 2008

Fund Closes: 3 March 2008

Face Value: Rs 1000 per unit.

Investment Options: The scheme will have super institutional, institutional and regular plans. The scheme offers growth, bonus and dividend option under each plan. Dividend option shall have the choice of dividend payout; dividend reinvestment and dividend transfer options.

Entry Load: The scheme will not charge any entry load during its new fund offer and ongoing offer period.

Exit load: Under regular plan, it will charge a 0.10% exit load if redeemed within 30 days from the date of allotment. For both institutional and super institutional plan, the scheme may levy 0.10% an exit load if redeemed within 7 days from the date of allotment.

Asset Allocation: The scheme invests 50-100% in money market instruments and debt instruments with residual maturity and repricing tenor not exceeding 1 year. It may have investment of 0-50% in debt instruments with residual maturity and re-pricing tenor exceeding 1 year. Debt instruments include securitized debt up to 50% of net assets. The scheme may invest in derivatives up to 50% of the net assets of the scheme. In addition, the scheme may also invest in foreign securities up to 25% of net assets of the scheme.

Minimum Investment Amount: The minimum investment amount under regular plan is Rs 5000 and in multiple of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 1 crore and in multiple of Re 1 thereafter. The minimum investment amount under super institutional plan is Rs 5 crore and in multiple of Re 1 thereafter.

Minimum subscription amount: Rs 1 crore

Benchmark Index: CRISIL Liquid Fund Index

Fund Manager: Mr. Murthy Nagarajan

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