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%).

Comments

Post a Comment

Popular posts from this blog

Strong rally at Wall Street

29 Jan 2009 | 10:04 Strong rally at Wall Street Stocks at Wall Street managed a strong end with good gains on Wednesday, 28 January, 2009. Financials led the way today as Wells Fargo decided that it will keep its dividend intact and will not ask for additional TRP funds. Stocks also rose today after Federal Reserve's latest policy statement. The Dow Jones Industrial Average ended higher by 200 points at 8,375, the Nasdaq closed higher by 53 points at 1,558 and the S&P 500 closed higher by 28 points at 874. Citigroup, Wells Fargo and Bank Of America were the main Dow winners today. In the earning arena today, Boeing and AT&T reported unimpressive quarterly results. WellPoint's latest earnings were in-line with expectations. Yahoo! and ConocoPhillips both topped earnings estimates. Today, The Federal Open Market Committee kept its interest rate target in a range of zero to 0.25%, as expected. It
Read more

Asian Market Support Stimulus With Surge

03 Feb 2009 | 16:28 Asian Market Support Stimulus With Surge Stock markets in Asian region closed mostly higher on Tuesday 3 February 2009, despiteof lackluster performance on Wall Street overnight and stimulus measures in Japan andAustralia to stabilize markets and support their economies. The Bank of Japan announced tobuy about 1 trillion yen ($11.2 billion) in corporate shares held by banks, while theReserve Bank of Australia announced a $ 26 billion fresh spending to help the country'sresources-based economy accompanied by 100 basis point rate cut from Reserve Bank ofAustralia taking the interest rate to 3.25%. Stocks at Wall Street ended on a mixed note trimming some of its early losses after datashowed a smaller-than-expected contraction in the manufacturing sector. The Dow JonesIndustrial Average finished down 64.11 points, or 0.8%, to 7,936.75. The S&P 500gained half of a point to stand at 825.43,
Read more

Modest gains at Wall Street

28 Jan 2009 | 09:31 Modest gains at Wall Street stocks at Wall Street managed a steady end with some modest gains on Tuesday, 27 January, 2009. Though stocks dealt with a couple of worse thane expected earning reports since morning, the indices have managed to stay in the green for the entire session. Crude prices dropped drastically today. After being up by more than 80 points earlier during the day, The Dow Jones Industrial Average ended higher by 58 points at 8,174, the Nasdaq closed higher by 15 points at 1,504 and the S&P 500 closed higher by 9 points at 845. While the financial and technology sectors led today, consumer discretionary and telecom sectors were the laggards for the day. In the earning arena today, Dow component Verizon met expectations. Market is looking forward to AT&T's quarterly report tomorrow. American Express reported better than feared earnings and the company reported th
Read more