4th annual report 2010 - 2011 - mirae asset · • value research ... abridged annual report of...

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Sponsor:

Mirae Asset Global Investments Company Limited

Registered Office:East Tower 18F Mirae Asset CENTER1, 67 Suha-dong, Jung-gu, Seoul, KOREA 100 210.

Trustee:

Mirae Asset Trustee Company Private LimitedRegistered Office: Unit No.606, Windsor Building, Off. C.S.T Road, Kalina, Santacruz (East), Mumbai - 400 098.

Asset Management Company:

Mirae Asset Global Investments (India) Private LimitedRegistered & Corporate Office: Unit No.606, Windsor Building, Off. C.S.T Road, Kalina, Santacruz (East),Mumbai - 400098.

Custodians:

Standard Chartered Bank23-25, Mahatma Gandhi Road,Fort, Mumbai - 400 001.

Citibank NA Securities & Fund Services, Citi India, 3rd Floor, Trent House, Plot No. G-60, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.

Statutory Auditor:

S.R. Batliboi & Co.,Chartered Accountants6th floor, Express Towers,Nariman Point,Mumbai 400021.

Registrar & Transfer Agent:

Karvy Computershare Private LimitedKarvy Plaza; H No. 8-2-596,Avenue 4, Street No 1,Banjara Hills, Hyderabad - 500 034.

Board of Directors:

Mirae Asset Trustee Company Private Limited

Mr. V. B. Haribhakti Chairman (Independent)

Mr. S. T. Gerela Director (Independent)

Mr. K. Ramasubramanian Director (Independent)

Mr. M. L. Soneji Director (Independent)

Mirae Asset Global Investments (India) Private Limited (AMC)

Mr. B. N. Chakraborty Director (Independent)

Mr. N. N. Jambusaria Director (Independent)

Mr. Cheon Woong Park Director (Associate)

Mr. Arindam Ghosh Director & Chief Executive Officer

4th Annual Report 2010 - 2011

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From the CEO’s Desk....Dear Investor,

Greetings from Mirae Asset Mutual Fund!

It’s been a great start to the new fiscal year at Mirae Asset. Our flagship fund, Mirae Asset India Opportunities Fund, an open ended equity oriented scheme completed 3 years of track record in April 2011 and has been conferred top ratings from reputed agencies which include:

• Value Research – “” 5 star rating

• Morningstar – “” 5 star rating

• CRISIL Fund Rank 1

• Lipper – 5 rating, Lipper leaders.

(PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS).

The top ratings are an endorsement of the impressive performance that our fund has been able to deliver in the last 3 years since its inception.

On a separate note, one of our recent funds, Mirae Asset Emerging Bluechip Fund, an open ended equity fund completed one year of track record on 9th July, 11 and has delivered relatively superior returns in this time frame. It has convincingly outperformed the benchmark by 18.68% during this period:

CAGR Performance Last 1 year/Since InceptionMirae Asset Emerging Bluechip Fund 16.23%

Benchmark (CNX Mid-cap) -2.45%

Outperformance to benchmark 18.68%

#PAST PERFORMANCE MAY OR MAY NOT BE SUSTAINED IN FUTURE.

(Since inception returns based on NAV of Rs.10/- Inception date (deemed to be date of allotment):09.07.2010. Data based on NAV of Rs. 11.623 (Regular plan – Growth option) as on 11th July 2011. # Returns are computed as “Compounded Annualized Growth Returns” (CAGR). The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. The past performance may not necessarily be an indication of future results and may not necessarily provide basis for comparison with other investments.)

The above is a result of your trust and conviction in our abilities that has inspired us to strive hard and thereby be able to generate additional alpha on your investments.

On the services front, we have initiated a Customized Returns calculator, which offers you the facility to calculate the exact returns on your equity investments (lump sum/ SIP) in our funds for any time duration. You may access our website (www.miraeassetmf.co.in) and visit the section ‘Investor corner’ to avail of the calculator. We now also offer free email alerts pertaining to Daily NAV updates, Weekly Market Review for your convenience. We urge you to avail of these services by subscribing to the same through our website.

We look forward to offering you new and innovative products in the current fiscal backed by convenient services to enhance your investment experience with Mirae Asset.

Assuring you the best of our attention at all times.

Sincerely,

Arindam GhoshChief Executive OfficerMirae Asset Global Investments (India) Pvt. Ltd.

MAIOF - Regular - Growth

• ValueResearch-rated“” (5 star) - Open Ended Equity: Large & Mid-cap category - 61 funds - 3 year period ending on June 30, 2011.

• Morningstar-Rated“” (5 star) - Morningstar® Category: India OE Large Cap category, Morningstar® Category Index: IISL S&P/CNX Nifty PR INR - 135 funds - 3 year period ended June 30, 2011.

• CRISILFUNDRANK1,“OpenEndedDiversifiedEquity”category-69schemes-March2011.

• LipperRating–5,LipperLeadersontotalreturnperformance,Classification:‘EquityIndia’-269funds-3yearperiodendedJune30, 2011.

For detailed ranking/rating methodologies, statutory details & risk factors, please see page 74.

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Abridged Annual Report of Mirae Asset Mutual Fund for the year ended March 31, 2011.Dear Unit holder,The Trustee company presents its fourth report and the audited financial statements of the Schemes of Mirae Asset Mutual Fund (the “Fund”), for the year/period ended March 31, 2011.

MIRAE ASSET MUTUAL FUNDAs of March 31, 2011, Mirae Asset Global Investments (India) Pvt. Ltd., Asset Management Company Limited (the AMC) managed 11 schemes of Mirae Asset Mutual Fund. The break-up being 4 open-ended equity schemes, 1 open-ended fund of funds scheme and 6 open-ended liquid/ debt schemes. The Fund declared dividends under its various Schemes and a list of such dividends, if any, forms part of the Trustee Report.Mirae Asset Mutual Fund has successfully built a solid foundation for itself in India having adopted a distinct strategy of equity focus with fixed income as an asset allocation play; the Fund has developed a highly differentiated portfolio of funds which includes domestic funds as well country specific/ thematic funds. This strategy has clearly delivered results as Mirae Asset Mutual Fund was among the fastest growing fund houses last fiscal in terms of AAUM rising by 51% as on March 2011* (Equity AAUM growth: 46% as on March 2011**). Our China offering, Mirae Asset China Advantage Fund managed to gain 264% in assets in a single financial year i.e. 2010-2011+. (Source: www.amfiindia.com). During the year ended March 31, 2011, the Fund launched two products viz. Mirae Asset Emerging Bluechip Fund, an open ended equity fund & Mirae Asset India-China Consumption Fund, an open ended equity oriented scheme. In yet another achievement, our flagship fund, Mirae Asset India Opportunities Fund, an open ended equity oriented scheme has received CRISIL Fund Rank 1 continually for a period of one year (for 2 yrs performance as on March 2011). PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. The detailed ranking/rating Methodology forms part of the Trustee Report. During the financial year, the Fund has also witnessed an impressive 92.76% growth in the number of transactions through the Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) from investors. The number of registered SIPs/STPs increased from 10,842 in F.Y. 2009-10 to 20,899 in F.Y. 2010-11.*DatabasedonTotalAvg.AUMofRs.2509.8mnason31.03.2010&Rs.3795mnason31.03.2011.**DatabasedonAvg.EquityAUMofRs.2427.3mnason31.03.2010&Rs.3540mnason31.03.2011.EquitycategoryincludesAAUMofEquityandOverseasFundofFunds(Equity)schemesasonMarch31,2011.+MiraeAssetChinaAdvantageFund;Avg.AUMofRs.269.3mnason31.03.2010&Rs.981.4mnason31.03.2011.

Past Performance is no guarantee of future resultsScheme Performance, Future Outlook and Operations of the Schemes1. PERFORMANCE OF THE SCHEMES FOR THE YEAR/PERIOD ENDED MARCH 31, 2011. (I) MIRAE ASSET INDIA OPPORTUNITIES FUND (MAIOF), an open ended equity oriented scheme 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. There is no assurance or guarantee of returns.

The scheme has delivered a return of 15.38% during the year as against the benchmark returns of 8.15%. The fund investment philosophy is to invest across sectors in quality companies which could deliver decent growth. During the year, the focus was on domestic consumption and outsourcing theme helped to generate the outperformance. Over the last 3-yrs the fund has consistently outperformed the benchmark.

The fund focuses on bottom up approach for stock picking and focused a lot on domestic consumption and outsourcing theme. It helped the fund to generate consistent returns.

Comparison of the performance of Mirae Asset India Opportunities Fund with benchmark returns as on 31st March, 2011:-

Scheme Name NAV as on 31st March, 2011

CAGR Returns (Last 1 year)*

(%)^

Benchmark** returns(CAGR)

(Last 1 year) (%)^

CAGR Returns since

inception* (%)^

Benchmark** returns(CAGR)(Since

inception) (%)^Mirae Asset India Opportunities Fund - Regular Plan - Growth Plan 16.641 15.38% 8.15% 18.58% 7.83%

The price and redemption value of the units, and income from them, can go up as well as down with the fluctuations in the market value of its underlying investments.

CAGR – Compounded Annualized Growth Returns * Date of Allotment/ Inception date:- 4th April, 2008 ** Benchmark:- BSE 200 Note: The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. ^ Past performance may or may not be sustained in future.


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(II) MIRAE ASSET GLOBAL COMMODITY STOCKS FUND (MAGCSF), an open ended equity fund The fund has delivered a return of 11.83% during the year. The fund focuses on combination of top down (for sector selection)

and bottom up (for stock selection). Global re-stocking of commodity has helped the commodity prices and the performance of the fund. Given the fragile global scenario, the volatility in commodities and related business is expected to continue.

Comparison of the performance of Mirae Asset Global Commodity Stocks Fund with benchmark returns as on 31st March, 2011:-

Scheme Name NAV as on 31st March,

2011


(%)^


(Last 1 year) (%)^

CAGR Returns since inception* %)^


inception) %)^Mirae Asset Global Commodity Stocks Fund – Regular Plan – Growth Option 13.401 11.83% 20.11% 11.86% 16.27%


CAGR – Compounded Annualized Growth Returns * Date of Allotment/ Inception date:- 20th August, 2008 ** Benchmark:- MSCI Asia Pacific ex-Japan Energy & Material Index (55%) + MSCI India Energy & Material Index - (35%) +

MSCI Brazil Energy & Material Index - (10%) (with MSCI’s 10/40 Equity Index Methodology). Note: The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. ^ Past performance may or may not be sustained in future.

(III) MIRAE ASSET CHINA ADVANTAGE FUND (MACAF), an open ended fund of funds scheme The scheme invests predominantly in units of Mirae Asset China Sector Leader Equity Fund and/or units of other mutual fund

schemes, units of ETFs investing in equities and equity related securities of companies domiciled in or exercising a large portion of their economic activity in China and Hong Kong.

The fund has delivered a return of 15.75% during the year as against the benchmark returns of 6.12%. The fund is positive about the recovery in China markets and has outperformed its benchmark (MSCI China Index (INR)) in terms of performance in the last 1 year period & since inception.

Comparison of the performance of Mirae Asset China Advantage Fund with benchmark returns as on 31st March, 2011:-


2011

CAGR Returns (Last 1

year)* (%)^

Benchmark* returns(CAGR)

(Last 1 year) (%)^

CAGR Returns (Since

inception)* (%)^

Benchmark** returns (Since

inception)*(CAGR) (%)^

Mirae Asset China Advantage Fund – Regular Plan -Growth Option 11.078 15.75% 6.12% 7.59% 1.73%


CAGR - Compounded Annualised Growth Return * Date of Allotment/Inception date:- 5th November, 2009 ** Benchmark:- MSCI China Index (INR) Note: The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. ^ Past performance may or may not be sustained in future.

(IV) MIRAE ASSET EMERGING BLUECHIP FUND (MAEBF), an open ended equity fund The fund is yet to complete one year & has delivered return of 7.39% during the year as against the benchmark returns of

-3.14%. The focus has been in high quality scalable businesses which could sustain current headwinds, exhibit decent growth and are yet available at reasonable valuations. The fund has focused on Consumer, Pharma and Agricultural themes during the year.

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Comparison of the performance of Mirae Asset Emerging Bluechip Fund with benchmark returns as on 31st March, 2011:-


Absolute Returns (Since inception)* (%)^

Benchmark** returns (Since inception)*

(Absolute Returns) (%)^

Mirae Asset Emerging Bluechip Fund – Regular Plan -Growth Option 10.739 7.39% -3.14%


* Date of Allotment/ Inception date:- 9th July, 2010 ** Benchmark:- CNX Midcap Index Absolute returns are provided as the scheme has not completed one year. Note: The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. ^ Past performance may or may not be sustained in future.

(V) MIRAE ASSET INDIA-CHINA CONSUMPTION FUND (MAICCF), an open ended equity oriented scheme The fund was launched to capitalize on long term secular theme related to consumption trend in India and China. The focus

has been on secular and scalable businesses which would benefit from changing demographics, rising aspiration and other consumption related themes.

Comparison of the performance of Mirae Asset India-China Consumption Fund with benchmark returns as on 31st March, 2011:-


Absolute Returns (Since inception)* (%)^

Benchmark** returns (Since inception)*

(Absolute Returns) (%)^

Mirae Asset India-China Consumption Fund – Regular Plan -Growth Option 10.061 0.61% 1.59%


* Date of Allotment/ Inception date:- 29th March, 2011 ** Benchmark:- MSCI India Consumption Index (65%) + MSCI China Consumption Index (35%) (with quarterly rebalancing)

(Price in INR). Absolute returns are provided as the scheme has not completed one year. Note: The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. ^ Past performance may or may not be sustained in future.

(VI) MIRAE ASSET GILT FUND (MAGF), an open ended gilt fund MAGF is an Open ended Gilt Scheme. The scheme has two plans i.e. Investment Plan and Savings Plan. (a) Investment Plan: The investment objective of the scheme is to seek to generate returns commensurate with low credit

risk by predominantly investing in the portfolio comprising of sovereign securities issued and guaranteed by Central and State Government with residual maturity ranging from 1 year to 20 years or higher. The average portfolio maturity duration of the plan will exceed 4 years. There is no assurance or guarantee of returns.

(b) Savings Plan: The investment objective of the scheme is to seek to generate returns commensurate with low credit risk by predominantly investing in the portfolio comprising of short to medium term Government securities guaranteed by Central and State Government with an average portfolio maturity duration not exceeding 5 years. There is no assurance or guarantee of returns.

The fund will be managed according to its objective and thereby seek to generate returns commensurate with low credit risk by predominantly investing in the portfolio comprising of sovereign securities issued and guaranteed by Central and State Govt. The Scheme may also invest in money market instruments which include but is not limited to treasury bills, CBLO, repo/reverse repo and any other like instruments as are and or may be permitted under the Regulations and RBI from time to time.

The investment team will take an active view of the interest rate movement by keeping a close watch on various macroeconomic parameters of the Indian economy as well as developments in global markets. Investment views / decisions will be taken on the basis of the various factors like, prevailing interest rate scenario, Government’s borrowing programme, level of liquidity in the banking system, inflation levels and overall macro economic growth of the country.


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The performance of the scheme is benchmarked against I Sec Li-Bex for Investment Plan & I Sec Si-Bex for Savings Plan. Comparison of the performance of Mirae Asset Gilt Fund with benchmark returns as on 31st March, 2011:-


2011

CAGR Returns (Last 1 year)* (%)^


(Last 1 year) (%)^

CAGR Returns (Since

inception)* (%)^


inception) (%)^

Mirae Asset Gilt Fund - Investment PlanMirae Asset Gilt Fund Investment Plan - Regular Growth 10.6262 2.62% 7.41% 2.87% 3.12%

Mirae Asset Gilt Fund - Savings PlanMirae Asset Gilt Fund Savings Plan - Regular Growth 10.3888 1.79% 4.90% 1.79% 4.75%


CAGR – Compounded Annualized Growth Returns * Date of Allotment/ Inception date:- 6th February, 2009 ** Benchmark:- I Sec Li-Bex for Investment Plan & I Sec Si-Bex for Savings Plan. Note: The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. ^ Past performance may or may not be sustained in future.

(VII) MIRAE ASSET CASH MANAGEMENT FUND (MACMF), an open ended liquid fund MACMF is an open ended liquid scheme. This scheme is meant for investors to deploy their funds for a short period of time.

The fund will be managed according to the investment objective, thereby seeking to generate returns linked to MIBOR, call and CBLO etc. commensurate with low risk and shall maintain high liquidity for the purpose of meeting the liquidity requirements of the investors.

Comparison of the performance of Mirae Asset Cash Management Fund with benchmark returns as on 31st March, 2011:-


2011


(%)^


(Last 1 year) (%)^

CAGR Returns (Since incep-

tion)* (%)^


(Since incep-tion) (%)^

Mirae Asset Cash Management Fund - Growth 1082.4758 5.11% 8.10% 3.64% 6.30%


CAGR – Compounded Annualized Growth Returns * Date of Allotment/ Inception date:- 12th January, 2009 ** Benchmark:- CCIL MIBOR. Note: The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. ^ Past performance may or may not be sustained in future.

(VIII) MIRAE ASSET LIQUID FUND (MALF), an open ended liquid fund MALF is an open ended liquid scheme. This scheme is meant for investors to deploy their funds for a short period of time. The

fund is managed according to the investment objective, thereby seeking to generate reasonable returns commensurate with low risk. The scheme’s investment objective is to invest in money market and other debt securities and maintains high liquidity for the purpose of meeting the liquidity requirements of the investors.

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Comparison of the performance of Mirae Asset Liquid Fund with benchmark returns as on 31st March, 2011:-


2011

CAGR Returns

(Last 1 year)* (%)^


(Last 1 year) (%)^

CAGR Returns

(Last 3 year)*

(%)^


(Last 3 year) (%)^

CAGR Returns (Since

inception)* (%)^


(Since incep-tion ) (%)^

Mirae Asset Liquid Fund- Regular Plan - Growth 1039.9265 4.70% 6.21% 1.09% 6.22% 1.28% 6.29%


CAGR – Compounded Annualized Growth Returns * Date of Allotment/ Inception date:- 5th March, 2008 ** Benchmark:- CRISIL Liquid Fund Index Note: The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. ^ Past performance may or may not be sustained in future.

(IX) MIRAE ASSET ULTRA SHORT TERM BOND FUND (MAUSTBF), an open ended debt fund MAUSTBF is an open ended debt scheme. This scheme is meant for investors to deploy their funds for a short period of time.

The fund is managed according to the investment objective, thereby seeking to generate returns commensurate with low risk. The scheme’s investment objective is to invest in money market and other debt securities and maintains high liquidity for the purpose of meeting the liquidity requirements of the investors.

Comparison of the performance of Mirae Asset Ultra Short Term Bond Fund with benchmark returns as on 31st March, 2011:-


2011

CAGR Returns

(Last 1 year)* (%)^


(Last 1 year) (%)^

CAGR Returns

(Last 3 year)*

(%)^


(Last 3 year) (%)^

CAGR Returns (Since

inception)* (%)^



Mirae Asset Ultra Short Term Bond Fund-Regular Plan- Growth 1085.8245 4.76% 6.21% 2.55% 6.22% 2.72% 6.29%


CAGR – Compounded Annualized Growth Returns * Date of Allotment/ Inception date:- 5th March, 2008 ** Benchmark:- CRISIL Liquid Fund Index Note: The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. ^ Past performance may or may not be sustained in future.

(X) MIRAE ASSET SHORT TERM BOND FUND (MASTBF), an open ended debt fund MASTBF is an open ended debt scheme. The primary investment focus of the scheme is to seek to generate returns through

an actively managed diversified portfolio of debt and money market instruments. Comparison of the performance of Mirae Asset Short Term Bond Fund with benchmark returns as on 31st March,

2011:-



(%)^

Benchmark** returns (CAGR)

(Last 1 year) (%)^

CAGR Returns (Since incep-

tion)* (%)^



Mirae Asset Short Term Bond Fund-Regular Plan- Growth 10.5670 4.45% 5.12% 3.38% 4.93%


CAGR – Compounded Annualized Growth Returns * Date of Allotment/ Inception date:- 3rd August, 2009 ** Benchmark:- CRISIL Short Term Bond Fund Index Note: The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. ^ Past performance may or may not be sustained in future.


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The AMC has an obligation to act in the best interests of the Funds. It is the policy and responsibility of the AMC to exercise the voting rights attached to securities held by the Funds. The Voting Policy of Mirae Asset Mutual Fund and the actual voting rights exercised by the AMC for the FY 2010-11, are enclosed as Annexure I.

2. FUTURE OUTLOOK OF THE FUND The Mutual Fund industry in India is one of the fastest growing industries in the financial service sector with about 41 mutual funds

currently operating in the country. The Mutual Fund has presently a total of 11 schemes in its product basket with a mix of equity, liquid, debt and fund of funds scheme. With a view to offer investors varied product line and fill the product basket with all types of products, the strategy would be as follows:

a. Broad basing the product line by continuing to lay strong emphasis on manufacturing – differentiated products; b. Be innovative and flexible across asset classes by gradual re-build of fixed income schemes; c. Continue to build strong performance track record; and d. Continue to pursue strong Distributor/Investor engagement. The equity scheme(s) of the Fund have continued to deliver track record of superior performance consistently since inception and

through this year as well. The performance of the funds has helped investors in achieving their financial goals. As the company steps into the new fiscal, the aim is set for a high octane year of growth through a combination of unique products

and superior performance for the investors.

3. INVESTOR SERVICES Apart from continuous efforts with the objective of increasing awareness among investors with regards to financial planning and

investments, through available mediums(websites and Investor awareness programs), our fund house has been also disseminating information on specific types of asset classes through the media fraternity by organizing knowledge sharing workshops across cities. The fund house has been contributing to impart better understanding of investment basics, to help investors gain in-depth knowledge of mutual funds and understand financial tools and its benefits.

The Fund also made available the facility for investors to transact (purchase/redeem) units of select schemes of the Fund through select Stock Exchange brokers. Further, there have been initiatives to inform all Investors and Distributors about the latest regulatory changes that have happened in terms of Third Party, Nomination facility, Transmission procedure, Minor folios and Multiple Bank Accounts. Other follow up exercises on undelivered mails and unpaid cases which are pending for more than 6 months, were also carried out.

Details of Investor Complaints: The Fund is also prompt in redressing the complaints/requests received from the investors. The Statement on Status of Redressal of Complaints received against Mirae Asset Mutual Fund during the financial year 2010-11 is annexed and forms part of the Trustee Report as Annexure II.

DIVIDEND DECLARED DURING THE FINANCIAL YEAR 2010 – 2011: The NAV particulars of various schemes as on 31st March, 2011 as well as the details of dividends declared during the period under

review are as under:-

MIRAE ASSET INDIA OPPORTUNITIES FUND Plan/Option wise per unit Net Asset Values (NAV) and Dividend details are as follows:

Scheme Description NAV per unit March 31, 2011

Dividend Per Unit (in Rs.)

INDIVIDUAL NON INDIVIDUAL

Mirae Asset India Opportunities Fund - Regular - Dividend Plan

13.9391.50 1.50

MIRAE ASSET CASH MANAGEMENT FUND Plan/Option wise per unit Net Asset Values (NAV) and Dividend details are as follows:


Dividend Per Unit (in Rs.)INDIVIDUAL NON INDIVIDUAL

Mirae Asset Cash Management Fund - Daily Dividend Plan 1031.697 21.40 21.40

Mirae Asset Cash Management Fund - Weekly Dividend Plan 1081.1891 Nil Nil

Mirae Asset Cash Management Fund - Monthly Dividend 1082.6212 Nil Nil

NIL – Dividend not declared during the period under review i.e. 1st April, 2010 to 31st March, 2011.

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MIRAE ASSET SHORT TERM BOND FUND Plan/Option wise per unit Net Asset Values (NAV) and Dividend details are as follows:


Dividend Per Unit (in Rs.)INDIVIDUAL NON INDIVIDUAL

Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend - Reinvestment Option 10.3106 0.22 0.20

Mirae Asset Short Term Bond Fund - Regular - Weekly Dividend - Reinvestment Option 10.0520 0.44 0.15

Mirae Asset Short Term Bond Fund - Regular - Dividend Transfer Option 10.0613 0.44 0.14

Note: Post declaration of the dividend, the NAV of the Scheme will fall to the extent of the dividend pay-out and distribution tax, if any. For daily dividends cumulative dividend for a plan is indicated with record date as the month of dividend and the ex dividend NAV as

on March 31, 2011. Past performance may or may not be sustained in future. During the year under review, no dividend was declared under Mirae Asset Global Commodity Stocks Fund, Mirae Asset China

Advantage Fund, Mirae Asset Emerging Bluechip Fund, Mirae Asset India-China Consumption Fund, Mirae Asset Liquid Fund, Mirae AssetUltraShortTermBondFundandMiraeAssetGiltFund–InvestmentPlan&SavingsPlan.

4. BACKGROUND OF SPONSORS, TRUST, TRUSTEE CO. and AMC: (a) Mirae Asset Mutual Fund (MAMF)/SPONSORS: Mirae Asset Mutual Fund (MAMF) was set up as a Trust by the Settlers, Mirae Asset Global Investments Company Limited

(MAGIC) on 11th October, 2007 with Mirae Asset Trustee Company Private Limited (the Trustee Company) as a Trustee in accordance with the provisions of the Indian Trust Act, 1882 and is duly registered under the Indian Registration Act, 1908. The Trustee has entered into an Investment Management Agreement dated 11th October, 2007 with Mirae Asset Global Investments (India) Private Limited (the AMC) to function as the Investment Manager for all the Schemes of MAMF. MAMF was registered with SEBI on 30th November, 2007.

Mirae Asset Global Investments Company Limited (MAGICL) is a part of Mirae Asset Financial Group (Mirae Asset). Mirae Asset was established in 1997 and is South Korea’s leading independent financial services provider. With Asset Management as its core activity, Mirae Asset is engaged in a broad range of financial services including Investment Banking, Wealth Management and Life Insurance. Other significant activities of the group include Alternate Investment including Private Equity, Venture Capital and Real Estate.

(b) Mirae Asset Trustee Company Private Limited: The Trustee is the exclusive owner of the Trust Fund and holds the same in trust for the benefit of the unitholders. The Trustee

has been discharging its duties and carrying out the responsibilities as provided in the Regulations and the Trust Deed. The Trustee seeks to ensure that the Fund and the Schemes floated there under are managed by the AMC in accordance with the Trust Deed, the Regulations, directions and guidelines issued by the SEBI, the Stock Exchanges, the Association of Mutual Funds in India and other regulatory agencies.

Share Capital: During the year under review, Mirae Asset Trustee Company Private Limited has not issued any further shares.

Change in Composition of Board Members: During the year under review, there has been a change in the composition of the Board of Directors of the Trustee. Mr. Nihar

Jambusaria, an Independent Director on the Board of Mirae Asset Trustee Company Private Limited resigned with effect from 29th June, 2010. Further effective 29th June, 2010, Mr. M. L. Soneji was appointed as an Independent Director on the Board of Mirae Asset Trustee Company Private Limited. As required by the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, the Board of Trustee comprises two-thirds of the Directors who are not associated in any manner with the Sponsors of Mirae Asset Mutual Fund.

(c) Mirae Asset Global Investments (India) Private Limited, a company registered under the Companies Act, 1956 and having its registered office at Unit 606, 6th Floor, Windsor, off CST Road, Kalina, Santacruz (E), Mumbai - 400098. Mirae Asset Global Investments (India) Private Limited has been appointed as the Asset Management Company (AMC) of Mirae Asset Mutual Fund by the Trustee vide. Investment Management Agreement (“IMA”) dated October 11, 2007 entered into between Mirae Asset Trustee Company Private Limited and Mirae Asset Global Investments (India) Private Limited. The Investment Manager was approved by SEBI to act as the AMC for the Fund vide letter no. IMD/HSV/OTW/109716/2007 dated 30th November, 2007.

Share Capital: During the year under review, Mirae Asset Global Investments (India) Private Limited has not issued any further shares.


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Change in Composition of Board Members: During the year under review, there has been a change in the composition of the Board of Directors of the AMC. Mr. Nihar

Jambusaria and Mr. Cheon Woong Park were appointed as Independent Director and Associate Director, respectively on the Board of Mirae Asset Global Investments (India) Private Limited (Mirae Asset AMC) with effect from June 29, 2010. As required under the provisions of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, 50% of the Directors on the Board of Mirae Asset AMC are independent Directors who are not an associate of, or associated in any manner with the sponsor or any of its subsidiaries or the Trustee Company.

Investors may note that the Full Annual Report shall be disclosed on the website (www.miraeassetmf.co.in) and shall also be available for inspection at the Head Office of the Mutual Fund. On written request present and prospective unit holders / investors can obtain a copy of the Trust Deed, the Annual Report at a price and the text of the relevant Scheme.

The Balance Sheet as at 31st March, 2011 and the Revenue Account for the year ended 31st March, 2011 for the various schemes are annexed to this Report.

5. INVESTMENT OBjECTIVE OF THE SCHEMES: Mirae Asset India Opportunities 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. The Scheme does not guarantee any returns. Mirae Asset Global Commodity Stocks Fund: 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 are engaged in Commodity and commodities related sectors/ sub sectors/ industries, with at least 65% of the corpus invested overseas in Asia Pacific and Emerging Markets. There is no assurance or guarantee of returns.

Mirae Asset China Advantage Fund: The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in units of Mirae

Asset China Sector Leader Equity Fund and/or units of other mutual fund schemes, units of exchange traded schemes that focus on investing in equities and equity related securities of companies domiciled in or having their area of primary activity in China and Hong Kong. The Scheme may also invest a certain portion of its corpus in debt and money market securities and/or units of debt/liquid schemes of Domestic Mutual Funds, in order to meet liquidity requirements from time to time. The Scheme does not guarantee or assure any returns.

Mirae Asset Emerging Bluechip Fund: The investment objective of the scheme is to generate income and capital appreciation from a diversified portfolio predominantly

investing in Indian equities and equity related securities of companies which are not part of the top 100 stocks by market capitalization and have market capitalization of atleast Rs. 100 Crores at the time of investment. From time to time, the fund manager may also seek participation in other Indian equity and equity related securities to achieve optimal portfolio construction. The Scheme does not guarantee or assure any returns.

Mirae Asset India-China Consumption Fund: 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 are likely to benefit either directly or indirectly from consumption led demand in India/ China. The Scheme does not guarantee or assure any returns.

Mirae Asset Gilt Fund: (a) Investment Plan: The investment objective of the scheme is to seek to generate returns commensurate with low credit risk

by predominantly investing in the portfolio comprising of sovereign securities issued and guaranteed by Central and State Government with residual maturity ranging from 1 year to 20 years or higher.

(b) Savings Plan: The investment objective of the scheme is to seek to generate returns commensurate with low credit risk by predominantly investing in the portfolio comprising of short to medium term Government securities guaranteed by Central and State Government with an average portfolio maturity duration not exceeding 5 years.

The Scheme does not guarantee any returns. Mirae Asset Cash Management Fund: The investment objective of the scheme is to seek to generate returns linked to short end rates like MIBOR and CBLO etc. and

provide higher liquidity by investing in a portfolio of debt and money market instruments. The Scheme does not guarantee any returns.

Mirae Asset Liquid Fund: The investment objective of the scheme is to seek to generate reasonable returns with low volatility and higher liquidity through a

portfolio of debt and money market instruments. The Scheme does not guarantee any returns. Mirae Asset Short Term Bond Fund: The investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and

money market instruments. There is no assurance OR guarantee of returns.

11

Mirae Asset Ultra Short Term Bond Fund: The 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. The Scheme does not guarantee any returns.

6. SIGNIFICANT ACCOUNTING POLICIES: The Significant Accounting Policies form part of the Notes to the Accounts annexed to the Balance Sheet of the Schemes. The

Accounting Policies are in accordance with Securities Exchange Board of India (Mutual Funds) Regulations, 1996

7. UNCLAIMED REDEMPTIONS & DIVIDENDS: Summary of No. of Investors & Corresponding amount as at March 31, 2011:

Name of the Scheme Unclaimed Redemptions Unclaimed DividendsAmount (Rs.) No. of Investors Amount (Rs.) No. of Investors

Mirae Asset India Opportunities Fund 578,010.01 30 5,568.93 4

Mirae Asset Global Commodity Stocks Fund 579,497.60 19 - -

Mirae Asset Emerging Bluechip Fund 45,471.49 1 - -

Mirae Asset Ultra Short Term Bond Fund 548.33 1 - -

Mirae Asset Liquid Fund 35.20 1 - -

Mirae Asset China Advantage Fund 38,768.00 1 - -

Mirae Asset Gilt Fund - Investment Plan 2,900.76 4 - -

8. STATUTORY INFORMATION: (a) The Sponsors are not responsible or liable for any loss resulting from the operation of the Schemes of the Fund beyond their

initial contribution (to the extent contributed) of Rs.1 Lakh for setting up the Fund, and such other accretions / additions to the same.

(b) The price and redemption value of the units, and income from them, can go up as well as down with fluctuations in the market value of its underlying investments.

(c) Full Annual Report is available on the website (www.miraeassetmf.co.in) and shall be available for inspection at the Head Office of the mutual fund. Present and prospective unit holder can obtain copy of the trust deed, the full Annual Report of the Fund / AMC at a price.

For Mirae Asset Trustee Company Private Limited

Sd/ Sd/V. B. Haribhakti S. T. GerelaChairman Director

Place: MumbaiDate: June 27, 2011


12

To,The Trustee ofMIRAE ASSET MUTUAL FUND

1. We have audited the attached balance sheet of Mirae Asset Mutual Fund – Mirae Asset India Opportunities Fund (‘the Scheme’) as at 31 March 2011 and also the revenue account and cash flow statement for the year ended on that date annexed thereto. These financial statements are the responsibility of the management of Mirae Asset Global Investments (India) Private Limited, the Scheme’s asset manager. Our responsibility is to express an opinion on these financial statements based on our audit.

2. We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

3. We report that: i. We have obtained all the information and explanations, which

to the best of our knowledge and belief were necessary for the purposes of our audit.

ii. The balance sheet, revenue account and cash flow statement dealt with by this report are in agreement with the books of account.

iii. In our opinion, the balance sheet and revenue account dealt with by this report have been prepared in conformity with the accounting policies and standards specified in the Ninth Schedule to the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 (‘the SEBI Regulations’).

iv. In our opinion, and on the basis of information and explanations given to us, the methods used to value non traded securities as at 31 March 2011 in accordance with the SEBI Regulations and other guidelines issued by the Securities and Exchange Board of India as applicable and approved by the Board of Directors of Mirae Asset Trustee Company Private Limited, are fair and reasonable.

v. In our opinion, and to the best of our information and according to the explanations given to us, the said financial statements give the information required by the SEBI Regulations as applicable, and give a true and fair view in conformity with the accounting principles generally accepted in India:

a) in the case of the balance sheet of the state of affairs of the Scheme as at 31 March 2011;

b) in the case of the revenue account of the surplus for the year ended on that date; and

c) in the case of the cash flow statement of the cash flows for the year ended on that date.

For S. R. Batliboi & Co. Firm Registration No. 301003EChartered Accountants

per Surekha GraciasPartner Membership No: 105488Mumbai, June 27, 2011


1. We have audited the attached balance sheet of Mirae Asset Mutual Fund – Mirae Asset Emerging Bluechip Fund (‘the Scheme’) as at 31 March 2011 and also the revenue account for the period from 9 June 2010 to 31 March 2011 (‘the Period’), annexed thereto. These financial statements are the responsibility of the management of Mirae Asset Global Investments (India) Private Limited, the Scheme’s asset manager. Our responsibility is to express an opinion on these financial statements based on our audit.


3. We report that:

i. We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of our audit.

ii. The balance sheet and revenue account dealt with by this report are in agreement with the books of account.


iv. In our opinion, and to the best of our information and according to the explanations given to us, the said financial statements give the information required by the SEBI Regulations as applicable, and give a true and fair view in conformity with the accounting principles generally accepted in India:

a) in the case of the balance sheet of the state of affairs of the Scheme as at 31 March 2011; and

b) in the case of the revenue account of the surplus for the Period.



Auditors’ ReportMIRAE ASSET INDIA OPPORTUNITIES FUND

Auditors’ ReportMIRAE ASSET EMERGING BLUECHIP FUND

13


1. We have audited the attached balance sheet of Mirae Asset Mutual Fund – Mirae Asset Global Commodity Stocks Fund (‘the Scheme’) as at 31 March 2011 and also the revenue account for the year ended on that date, annexed thereto. These financial statements are the responsibility of the management of Mirae Asset Global Investments (India) Private Limited, the Scheme’s asset manager. Our responsibility is to express an opinion on these financial statements based on our audit.


3. We report that: i. We have obtained all the information and explanations,

which to the best of our knowledge and belief were necessary for the purposes of our audit.





b) in the case of the revenue account of the surplus for year ended on that date.




1. We have audited the attached balance sheet of Mirae Asset Mutual Fund – Mirae Asset China Advantage Fund (‘the Scheme’) as at 31 March 2011 and also the revenue account for the year ended on that date, annexed thereto. These financial statements are the responsibility of the management of Mirae Asset Global Investments (India) Private Limited, the Scheme’s asset manager. Our responsibility is to express an opinion on these financial statements based on our audit.








b) in the case of the revenue account of the surplus for the year ended on that date.



Auditors’ ReportMIRAE ASSET GLOBAL COMMODITY STOCKS FUND

Auditors’ ReportMIRAE ASSET CHINA ADVANTAGE FUND


14


1. We have audited the attached balance sheet of Mirae Asset Mutual Fund – Mirae Asset India-China Consumption Fund (‘the Scheme’) as at 31 March 2011 and also the revenue account for the period from 29 March 2011 to 31 March 2011 (‘the Period’), annexed thereto. These financial statements are the responsibility of the management of Mirae Asset Global Investments (India) Private Limited, the Scheme’s asset manager. Our responsibility is to express an opinion on these financial statements based on our audit.








b) in the case of the revenue account of the surplus for the Period.




1. We have audited the attached balance sheet of Mirae Asset Mutual Fund – Mirae Asset Gilt Fund - Investment Plan (‘the Scheme’) as at 31 March 2011 and also the revenue account for the year ended on that date, annexed thereto. These financial statements are the responsibility of the management of Mirae Asset Global Investments (India) Private Limited, the Scheme’s asset manager. Our responsibility is to express an opinion on these financial statements based on our audit.











Auditors’ ReportMIRAE ASSET INDIA-CHINA CONSUMPTION FUND

Auditors’ ReportMIRAE ASSET GILT FUND - INVESTMENT PLAN

15


1. We have audited the attached balance sheet of Mirae Asset Mutual Fund – Mirae Asset Gilt Fund - Savings Plan (‘the Scheme’) as at 31 March 2011 and also the revenue account for the year ended on that date, annexed thereto. These financial statements are the responsibility of the management of Mirae Asset Global Investments (India) Private Limited, the Scheme’s asset manager. Our responsibility is to express an opinion on these financial statements based on our audit.












1. We have audited the attached balance sheet of Mirae Asset Mutual Fund – Mirae Asset Cash Management Fund (‘the Scheme’) as at 31 March 2011 and also the revenue account for the year ended on that date, annexed thereto. These financial statements are the responsibility of the management of Mirae Asset Global Investments (India) Private Limited, the Scheme’s asset manager. Our responsibility is to express an opinion on these financial statements based on our audit.











Auditors’ ReportMIRAE ASSET GILT FUND - SAVINGS PLAN

Auditors’ ReportMIRAE ASSET CASH MANAGEMENT FUND


16


1. We have audited the attached balance sheet of Mirae Asset Mutual Fund – Mirae Asset Liquid Fund (‘the Scheme’) as at 31 March 2011 and also the revenue account and cash flow statement for the year ended on that date, annexed thereto. These financial statements are the responsibility of the management of Mirae Asset Global Investments (India) Private Limited, the Scheme’s asset manager. Our responsibility is to express an opinion on these financial statements based on our audit.













1. We have audited the attached balance sheet of Mirae Asset Mutual Fund – Mirae Asset Ultra Short Term Bond Fund (‘the Scheme’) as at 31 March 2011 and also the revenue account and cash flow statement for the year ended on that date, annexed thereto. These financial statements are the responsibility of the management of Mirae Asset Global Investments (India) Private Limited, the Scheme’s asset manager. Our responsibility is to express an opinion on these financial statements based on our audit.












Auditors’ ReportMIRAE ASSET LIQUID FUND

Auditors’ ReportMIRAE ASSET ULTRA SHORT TERM BOND FUND

17


1. We have audited the attached balance sheet of Mirae Asset Mutual Fund – Mirae Asset Short Term Bond Fund (‘the Scheme’) as at 31 March 2011 and also the revenue account for the year ended on that date, annexed thereto. These financial statements are the responsibility of the management of Mirae Asset Global Investments (India) Private Limited, the Scheme’s asset manager. Our responsibility is to express an opinion on these financial statements based on our audit.


3. We report that:

i. We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of our audit.








Auditors’ ReportMIRAE ASSET SHORT TERM BOND FUND


18

Abridged bAlAnce Sheet AS At MArch 31, 2011Rupees in Lakhs

MirAe ASSet indiA OPPOrtUnitieS

FUnd

MirAe ASSet eMerging

blUechiP FUnd*

MirAe ASSet glObAl cOMMOditY

StOcKS FUnd

MirAe ASSet chinA AdVAntAge

FUnd

Particulars

As at 31, March

2011

As at 31, March

2010

As at 31, March 2011

As at 31, March

2011

As at 31, March

2010

As at 31, March

2011

As at 31, March

2010

liAbilitieS

1 Unit capital 10,751.38 11,089.20 7,727.80 3,172.57 4,413.58 9,151.74 2,743.81 2 reserves & Surplus 6,007.79 4,397.98 570.85 1,078.95 875.39 986.53 (117.81)2.1 Unit Premium Reserves (2,091.22) (1,552.96) 51.32 (468.56) (340.68) 548.08 2.11 2.2 Unrealised Appreciation Reserve 1,506.13 2,386.17 342.51 1,059.14 984.65 - - 2.3 Other Reserves 6,592.88 3,564.77 177.02 488.37 231.42 438.45 (119.92)

3 loans & borrowings - - - - - - -

4 current liabilities & Provisions 118.31 126.23 35.57 85.66 51.17 35.60 128.14 4.1 Provision for doubtful Income/Deposits - - - - - - - 4.2 Other Current Liabilities & Provisions 118.31 126.23 35.57 85.66 51.17 35.60 128.14

tOtAl 16,877.47 15,613.41 8,334.22 4,337.18 5,340.14 10,173.87 2,754.14

ASSetS1 investments1.1. listed Securities: 15,658.92 14,799.66 7,757.24 1,069.17 1,518.09 - - 1.1.1 Equity Shares 15,648.35 14,799.66 7,757.24 1,069.17 1,518.09 - - 1.1.2 Preference Shares - - - - - - - 1.1.3 Equity Linked Debentures - - - - - - - 1.1.4 Other Debentures & Bonds 10.57 - - - - - - 1.1.5 Securitised Debt securities - - - - - - - 1.1.6 Derivatives - - - - - - -

1.2 Securities Awaited listing: - - - - - - - 1.2.1 Equity Shares - - - - - - - 1.2.2 Preference Shares - - - - - - - 1.2.3 Equity Linked Debentures - - - - - - - 1.2.4 Other Debentures & Bonds - - - - - - - 1.2.5 Securitised Debt securities - - - - - - -

1.3 Unlisted Securities - - - - - - - 1.3.1 Equity Shares - - - - - - - 1.3.2 Preference Shares - - - - - - - 1.3.3 Equity Linked Debentures - - - - - - - 1.3.4 Other Debentures & Bonds - - - - - - - 1.3.5 Securitised Debt securities - - - - - - -

1.4 Government Securities - - - - - - - 1.5 Treasury Bills - - - - - - - 1.6 Commercial Paper - - - - - - - 1.7 Certificate of Deposits - - - - - - - 1.8 Bill Rediscounting - - - - - - - 1.9 Units of Domestic Mutual Fund - - - - - - - 1.10 Foreign Securities - - - 3,084.57 3,518.88 - - 1.11 Units of Foreign Mutual Fund - - - - - 10,001.01 2,554.84

total investments 15,658.92 14,799.66 7,757.24 4,153.74 5,036.97 10,001.01 2,554.84

2 deposits - 200.00 - 25.00 75.00 - - 3 Other current Assets 1,218.55 613.75 576.98 158.44 228.17 172.86 199.30 3.1 Cash & Bank Balance 109.50 38.24 3.50 2.45 96.01 3.05 58.26 3.2 CBLO/ Reverse Repo Lending 793.53 311.48 514.84 89.90 49.97 154.04 131.91 3.3 Others 315.52 264.03 58.64 66.09 82.19 15.77 9.13 4 Deferred Revenue Expenditure

(to the extent not written off) - - - - -

tOtAl 16,877.47 15,613.41 8,334.22 4,337.18 5,340.14 10,173.87 2,754.14

Notes to Accounts - Annexure I # Represents amounts less than Rupees 500.* Since these are the first financials for Mirae Asset Emerging Bluechip Fund, there are no comparitive figures for the previous year.

19

Abridged bAlAnce Sheet AS At MArch 31, 2011 (contd....)Rupees in Lakhs

MirAe ASSet indiA chinA

cOnSUMPtiOn FUnd*

MirAe ASSet gilt FUnd - inVeStMent

PlAn

MirAe ASSet gilt FUnd - SAVingS

PlAn

MirAe ASSet UltrA ShOrt terM bOnd FUnd

Particulars

As at 31, March

2011

As at 31, March

2011

As at 31, March

2010

As at 31, March

2011

As at 31, March

2010

As at 31, March

2011

As at 31, March

2010

liAbilitieS

1 Unit capital 1,142.23 15.45 106.03 3.08 3.92 185.40 220.74

2 reserves & Surplus 6.99 0.98 3.76 0.11 0.07 11.11 1.54 2.1 Unit Premium Reserves 0.06 (0.03) (0.99) (0.12) (0.12) (184.51) (169.29)2.2 Unrealised Appreciation Reserve 6.01 - - - - - - 2.3 Other Reserves 0.92 1.01 4.75 0.23 0.19 195.62 170.83 3 loans & borrowings - - - - - - - 4 current liabilities & Provisions 82.20 1.68 2.18 0.23 0.08 5.77 12.96 4.1 Provision for doubtful Income/

Deposits - - - - - -

4.2 Other Current Liabilities & Provisions 82.20 1.68 2.18 0.23 0.08 5.77 12.96

tOtAl 1,231.42 18.11 111.97 3.43 4.07 202.28 235.24

ASSetS

1 investments1.1. listed Securities: 327.92 - - - - - - 1.1.1 Equity Shares 327.92 - - - - - - 1.1.2 Preference Shares - - - - - - - 1.1.3 Equity Linked Debentures - - - - - - - 1.1.4 Other Debentures & Bonds - - - - - - - 1.1.5 Securitised Debt securities - - - - - - - 1.1.6 Derivatives - - - - - - -

1.2 Securities Awaited listing: - - - - - - - 1.2.1 Equity Shares - - - - - - - 1.2.2 Preference Shares - - - - - - - 1.2.3 Equity Linked Debentures - - - - - - - 1.2.4 Other Debentures & Bonds - - - - - - - 1.2.5 Securitised Debt securities - - - - - - -

1.3 Unlisted Securities - - - - - - - 1.3.1 Equity Shares - - - - - - - 1.3.2 Preference Shares - - - - - - - 1.3.3 Equity Linked Debentures - - - - - - - 1.3.4 Other Debentures & Bonds - - - - - - - 1.3.5 Securitised Debt securities - - - - - - - 1.4 Government Securities - - - - - - - 1.5 Treasury Bills - - - - - - - 1.6 Commercial Paper - - - - - - - 1.7 Certificate of Deposits - - - - - - - 1.8 Bill Rediscounting - - - - - - - 1.9 Units of Domestic Mutual Fund - - - - - - - 1.10 Foreign Securities - - - - - - - 1.11 Units of Foreign Mutual Fund - - - - - - -

total investments 327.92 - - - - - -

2 deposits - - - - - - - 3 Other current Assets 903.50 18.11 111.97 3.43 4.07 202.28 235.24 3.1 Cash & Bank Balance 3.05 #0 - - 14.03 3.40 3.2 CBLO/ Reverse Repo Lending 154.04 9.39 102.94 1.87 2.63 166.09 211.90 3.3 Others 746.42 8.72 9.03 1.56 1.44 22.16 19.94 4 Deferred Revenue Expenditure

(to the extent not written off) - - - - - - -

tOtAl 1,231.42 18.11 111.97 3.43 4.07 202.28 235.24

* Since these are the first financials for Mirae Asset India-China Consumption Fund, there are no comparitive figures for the previous year.# Represents amounts less than Rupees 500.


20

Abridged bAlAnce Sheet AS At MArch 31, 2011 (contd....)Rupees in Lakhs

MirAe ASSet cASh MAnAgeMent FUnd

MirAe ASSet liQUid FUnd MirAe ASSet UltrA ShOrt terM bOnd FUnd

MirAe ASSet ShOrt terM bOnd FUnd

ParticularsAs at

31, March 2011As at

31, March 2010As at

31, March 2011As at

31, March 2010As at

31, March 2011As at

31, March 2010As at

31, March 2011As at

31, March 2010liAbilitieS

1 Unit capital 760.30 172.32 108.84 89.95 185.40 220.74 36.87 137.26 2 reserves & Surplus 58.61 5.06 2.96 (2.27) 11.11 1.54 1.21 1.65 2.1 Unit Premium Reserves 0.45 - (2,256.85) (2,285.35) (184.51) (169.29) (0.11) (0.23)2.2 Unrealised Appreciation

Reserve - - - - - - -

2.3 Other Reserves 58.16 5.06 2,259.81 2,283.08 195.62 170.83 1.32 1.88 3 loans & borrowings - - - - - - - - 4 current liabilities &

Provisions 1.55 1.90 3.06 2.32 5.77 12.96 1.56 2.56

4.1 Provision for doubtful Income/Deposits

- - - - - - - -

4.2 Other Current Liabilities & Provisions

1.55 1.90 3.06 2.32 5.77 12.96 1.56 2.56

tOtAl 820.46 179.28 114.86 90.00 202.28 235.24 39.64 141.47 ASSetS

1 investments1.1. listed Securities: - - - - - - - - 1.1.1 Equity Shares - - - - - - - - 1.1.2 Preference Shares - - - - - - - - 1.1.3 Equity Linked Debentures - - - - - - - - 1.1.4 Other Debentures &

Bonds- - - - - - - -

1.1.5 Securitised Debt securities

- - - - - - - -

1.1.6 Derivatives - - - - - - - -

1.2 Securities Awaited listing:

- - - - - - - -

1.2.1 Equity Shares - - - - - - - - 1.2.2 Preference Shares - - - - - - - - 1.2.3 Equity Linked Debentures - - - - - - - - 1.2.4 Other Debentures &

Bonds- - - - - - - -


- - - - - - - -

1.3 Unlisted Securities - - - - - - - - 1.3.1 Equity Shares - - - - - - - - 1.3.2 Preference Shares - - - - - - - - 1.3.3 Equity Linked Debentures - - - - - - - - 1.3.4 Other Debentures &

Bonds- - - - - - - -


- - - - - - - -

1.4 Government Securities - - - - - - - - 1.5 Treasury Bills - - - - - - - - 1.6 Commercial Paper - - - - - - - - 1.7 Certificate of Deposits - - - - - - - - 1.8 Bill Rediscounting - - - - - - - - 1.9 Units of Domestic Mutual

Fund- - - - - - - -

1.10 Foreign Securities - - - - - - - - 1.11 Units of Foreign Mutual

Fund- - - - - - - -

total investments - - - - - - - - 2 deposits - - - - - - - - 3 Other current Assets 820.46 179.28 114.86 90.00 202.28 235.24 39.64 141.47 3.1 Cash & Bank Balance 0.02 - 6.31 5.81 14.03 3.40 #0 0.46 3.2 CBLO/ Reverse Repo

Lending 810.39 168.73 104.58 79.65 166.09 211.90 33.88 140.00

3.3 Others 10.05 10.55 3.97 4.54 22.16 19.94 5.76 1.01 4 Deferred Revenue

Expenditure (to the extent not written off)

- - - - -

tOtAl 820.46 179.28 114.86 90.00 202.28 235.24 39.64 141.47

# Represents amount less than Rupees 500.

21

Abridged reVenUe AccOUnt FOr the YeAr / PeriOd ended MArch 31, 2011

Rupees in Lakhs

MirAe ASSet indiA OPPOrtUnitieS

FUnd

MirAe ASSet eMerging blUechiP

FUnd


StOcKS FUnd

MirAe ASSet chinA AdVAntAge FUnd

Particulars

As at 31, March

2011

As at 31, March

2010

As at 31, March 2011

As at 31, March

2011

As at 31, March

2010

As at 31, March

2011

As at 31, March

2010

1 incOMe

1.1 Dividend 228.79 191.27 25.88 76.76 91.10 - - 1.2 Interest 25.90 31.93 17.25 6.85 8.25 8.20 5.02 1.3 Realised Gain / (Loss) on Foreign

Exchange Transactions - - - 54.57 57.29 83.94 (16.84)1.4 Realised Gains / (Losses) on Interscheme

sale of investments - (0.92) - 4.27 52.38 - - 1.5 Realised Gains / (Losses) on External sale

/ redemption of investments 3,631.48 8,145.48 145.72 380.98 1,311.94 179.13 (50.71)1.6 Realised Gains / (Losses) on Derivative

Transactions - - - - - - - 1.7 Other Income 5.66 9.37 - - 0.03 15.13 0.01

(A) 3,891.83 8,377.13 188.85 523.43 1,520.99 286.40 (62.52)

2 eXPenSeS2.1 Management fees 184.28 179.69 32.52 57.94 70.22 26.40 5.63 2.2 Service tax on Management fees 18.98 18.51 3.35 5.97 7.23 2.72 0.58 2.3 Transfer agents fees and expenses 19.51 18.71 3.09 4.43 5.10 5.27 0.98 2.4 Custodian fees 2.46 2.87 0.36 3.67 3.14 5.53 0.97 2.5 Trusteeship fees 5.56 7.87 0.80 1.63 2.85 1.78 0.59 2.6 Commission to Agents 95.52 83.54 17.43 34.61 30.44 28.33 7.78 2.7 Marketing & Distribution expenses 29.07 9.90 1.75 - 6.63 0.35 0.60 2.8 Audit fees 2.48 3.95 1.93 2.48 2.97 1.93 1.91 2.9 Other operating expenses 25.43 54.47 3.87 5.45 15.65 5.85 2.93 2.1 Interest on borrowings - - - - - - - 2.11 Expenses reimbursed by AMC - (6.82) (0.06) (0.25) (3.72) (12.55) (13.52)

(b) 383.29 372.69 65.04 115.93 140.51 65.61 8.45

3 net reAliSed gAinS / (lOSSeS) FOr the YeAr / PeriOd (A - b = c) 3,508.54 8,004.44 123.81 407.50 1,380.48 220.79 (70.97)

4 Change in Unrealised Depreciation in value of investments (D) - (1,206.26) - - (834.69) 100.14 70.76

5 net gAinS / (lOSSeS) FOr the YeAr / PeriOd (e=(c-d)) 3,508.54 9,210.70 123.81 407.50 2,215.17 120.65 (141.73)

6 Change in unrealised appreciation in the value of investments (F) - - - - - - -

7 net SUrPlUS / (deFicit) FOr the YeAr / PeriOd ( e + F = g ) 3,508.54 9,210.70 123.81 407.50 2,215.17 120.65 (141.73)

7.1 net SUrPlUS / (deFicit) brOUght FOrWArd FrOM PreViOUS PeriOd 3,564.77 (5,186.95) - 231.42 (2,207.07) (119.92) -

7.2 Less: Balance transfer to Unrealised Appreciation Reserve - - - - - - -

7.3 Add / (Less): Equalisation 41.61 38.58 53.21 (150.55) 223.32 437.72 21.81 7.4 Add / (Less):Transfer from Unit Premium

Reserve - - - - - - -

8 total 7,114.92 4,062.33 177.02 488.37 231.42 438.45 (119.92)

9 dividend appropriation9.1 Income Distributed during the year / period 522.04 - - - - - - 9.2 Tax on income distributed during the year

/ period - 497.56 - - - - -

10 retained Surplus / (deficit) carried forward to balance sheet 6,592.88 3,564.77 177.02 488.37 231.42 438.45 (119.92)

Notes to Accounts - Annexure I


22

Abridged reVenUe AccOUnt FOr the YeAr / PeriOd ended MArch 31, 2011 (contd....)

Rupees in Lakhs

MirAe ASSet indiA - chinA

cOnSUMPtiOn FUnd

MirAe ASSet gilt FUnd - inVeStMent PlAn

MirAe ASSet gilt FUnd - SAVingS PlAn


Particulars

As at 31, March

2011

As at 31, March

2011

As at 31, March

2010

As at 31, March

2011

As at 31, March

2010

As at 31, March

2011

As at 31, March

2010

1 incOMe

1.1 Dividend - - - - - - - 1.2 Interest 1.13 1.66 23.29 0.10 0.53 65.22 6.59 1.3 Realised Gain / (Loss) on Foreign

Exchange Transactions - - - - - - - 1.4 Realised Gains / (Losses) on Interscheme

sale of investments - - - - - - - 1.5 Realised Gains / (Losses) on External sale

/ redemption of investments - - 13.48 - (0.04) - - 1.6 Realised Gains / (Losses) on Derivative

Transactions - - - - - - - 1.7 Other Income - - - #0 - - -

(A) 1.13 1.66 36.77 0.10 0.49 65.22 6.59

2 eXPenSeS2.1 Management fees 0.12 0.23 5.92 0.02 0.16 1.13 0.25 2.2 Service tax on Management fees 0.01 0.02 0.61 #0 0.02 0.12 0.03 2.3 Transfer agents fees and expenses - 0.04 0.44 #0 0.02 0.93 0.18 2.4 Custodian fees #0 #0 1.33 #0 0.01 #0 0.03 2.5 Trusteeship fees #0 0.02 0.24 #0 0.01 0.38 0.13 2.6 Commission to Agents 0.13 0.13 1.31 0.01 0.09 1.59 0.23 2.7 Marketing & Distribution expenses 0.02 - 0.01 - - - 0.01 2.8 Audit fees 2.21 0.92 1.09 0.18 0.03 1.11 0.57 2.9 Other operating expenses 0.01 0.44 1.17 0.43 0.42 2.16 0.92 2.1 Interest on borrowings - - - - - - - 2.11 Expenses reimbursed by AMC (2.28) (1.16) (1.46) (0.60) (0.49) (2.38) (1.15)

(b) 0.22 0.64 10.66 0.04 0.27 5.04 1.20

3 net reAliSed gAinS / (lOSSeS) FOr the YeAr / PeriOd (A - b = c) 0.91 1.02 26.11 0.06 0.22 60.18 5.39

4 Change in Unrealised Depreciation in value of investments (D) - - (1.41) - - - -

5 net gAinS / (lOSSeS) FOr the YeAr / PeriOd (e=(c-d)) 0.91 1.02 27.52 0.06 0.22 60.18 5.39

6 Change in unrealised appreciation in the value of investments (F) - - - - - - -

7 net SUrPlUS / (deFicit) FOr the YeAr / PeriOd ( e + F = g ) 0.91 1.02 27.52 0.06 0.22 60.18 5.39

7.1 net SUrPlUS / (deFicit) brOUght FOrWArd FrOM PreViOUS PeriOd - 4.75 (4.96) 0.19 0.61 5.06 2.04

7.2 Less: Balance transfer to Unrealised Appreciation Reserve - - - - - - -

7.3 Add / (Less): Equalisation 0.01 (4.76) (17.81) (0.02) (0.64) (2.75) (1.60)7.4 Add / (Less):Transfer from Unit Premium

Reserve - - - - - - -

8 total 0.92 1.01 4.75 0.23 0.19 62.49 5.83

9 dividend appropriation

9.1 Income Distributed during the year / period - - - - - 3.37 0.60 9.2 Tax on income distributed during the year

/ period - - - - - 0.96 0.17

10 retained Surplus / (deficit) carried forward to balance sheet 0.92 1.01 4.75 0.23 0.19 58.16 5.06

# Represents amounts less than Rupees 500.

23

Abridged reVenUe AccOUnt FOr the YeAr / PeriOd ended MArch 31, 2011 (contd....)

Rupees in Lakhs

MirAe ASSet liQUid FUnd



Particulars

As at 31, March

2011

As at 31, March

2010

As at 31, March

2011

As at 31, March

2010

As at 31, March

2011

As at 31, March

2010

1 incOMe

1.1 Dividend - - - - - -

1.2 Interest 5.68 2.87 53.37 10.89 3.26 26.88

1.3 Realised Gain / (Loss) on Foreign Exchange Transactions - - - - - -

1.4 Realised Gains / (Losses) on Interscheme sale of investments - - - - - -

1.5 Realised Gains / (Losses) on External sale / redemption of investments - - - - - (13.68)

1.6 Realised Gains / (Losses) on Derivative Transactions - - - - - -

1.7 Other Income #0 - #0 0.10 - 0.01

(A) 5.68 2.87 53.37 10.99 3.26 13.21

2 eXPenSeS

2.1 Management fees 0.11 0.25 0.92 0.92 0.11 2.93

2.2 Service tax on Management fees 0.01 0.03 0.09 0.09 0.01 0.30

2.3 Transfer agents fees and expenses 0.09 0.09 0.97 0.35 0.06 0.55

2.4 Custodian fees - 0.01 #0 0.04 #0 0.71

2.5 Trusteeship fees 0.04 0.06 0.31 0.19 0.03 0.33

2.6 Commission to Agents 0.12 0.12 1.45 0.69 2.66 -

2.7 Marketing & Distribution expenses - 0.01 - 0.01 - 0.01

2.8 Audit fees 1.10 0.56 1.10 1.13 1.10 1.13

2.9 Other operating expenses 0.54 1.71 1.71 1.27 0.51 1.28

2.1 Interest on borrowings - - - - - -

2.11 Expenses reimbursed by AMC (1.54) (2.08) (2.45) (1.76) (3.95) (0.99)

(b) 0.47 0.76 4.10 2.93 0.53 6.25

3 net reAliSed gAinS / (lOSSeS) FOr the YeAr / PeriOd (A - b = c) 5.21 2.11 49.27 8.06 2.73 6.96

4 Change in Unrealised Depreciation in value of investments (D) - - - - - -

5 net gAinS / (lOSSeS) FOr the YeAr / PeriOd (e=(c-d)) 5.21 2.11 49.27 8.06 2.73 6.96

6 Change in unrealised appreciation in the value of investments (F) - - - - - -

7 net SUrPlUS / (deFicit) FOr the YeAr / PeriOd ( e + F = g ) 5.21 2.11 49.27 8.06 2.73 6.96

7.1 net SUrPlUS / (deFicit) brOUght FOrWArd FrOM PreViOUS PeriOd 2,283.08 2,276.37 170.83 125.01 1.88 -

7.2 Less: Balance transfer to Unrealised Appreciation Reserve - - - - - -

7.3 Add / (Less): Equalisation (28.48) 4.60 (24.48) 37.76 (2.23) (5.08)

7.4 Add / (Less):Transfer from Unit Premium Reserve - - - - - -

8 total 2,259.81 2,283.08 195.62 170.83 2.38 1.88

9 dividend appropriation

9.1 Income Distributed during the year / period - - - - 0.92 -

9.2 Tax on income distributed during the year / period - - - - 0.14 -

10 retained Surplus / (deficit) carried forward to balance sheet 2,259.81 2,283.08 195.62 170.83 1.32 1.88

# Represents amounts less than Rupees 500.


24

nOteS tO AccOUntS - AnneXUre i tO the Abridged bAlAnce Sheet And reVenUe AccOUnt FOr the YeAr / PeriOd ended MArch 31, 2011

1 investments:-

1.1. All the investments are held in the name of the Scheme, as per clause 7 of Seventh Schedule under Regulations 44(1) of SEBI (Mutual Funds) Regulations, 1996.

1.2. Open position of derivatives as on March 31, 2011 is NIL (Previous year: NIL).

1.3. There are no investments in Associates and Group Companies of the sponsor during the period ended March 31, 2011 (Previous year: NIL).

1.4. There are no open positions of Securities Borrowed and / or Lent by the schemes. (Previous year: NIL).

1.5. NPA’s as on March 31, 2011 are NIL (Previous year: NIL).

1.6. Aggregate Unrealised Gain / Loss as at the end of the Financial Year / Period and percentage to net assets.

2010-2011 2009-2010

Scheme name

Unrealised gain / (loss) (rs. in lakhs)

% to net Assets

Unrealised gain / (loss) (rs. in lakhs)

% to net Assets

Mirae Asset India Opportunities Fund 1,506.12 9.03% 2,386.17 15.41%

Mirae Asset Emerging Bluechip Fund 342.51 4.13% - -

Mirae Asset Global Commodity Stocks Fund 1,059.15 24.66% 984.65 18.62%

Mirae Asset China Advantage Fund (170.90) -1.69% (70.76) -2.69%

Mirae Asset India - China Consumption Fund 6.01 0.53% - -

Mirae Asset Gilt Fund - Investment Plan - - - -

Mirae Asset Gilt Fund - Savings Plan - - - -

Mirae Asset Cash Management Fund - - - -

Mirae Asset Liquid Fund - - - -

Mirae Asset Ultra Short Term Bond Fund - - - -

Mirae Asset Short Term Bond Fund - - - -

1.7. Aggregate Value of Purchase and Sale with Percentage to average assets.

2010-2011

Scheme namePurchases

(rs. in lakhs)% to

net AssetsSales

(rs. in lakhs)% to

net Assets


Mirae Asset Emerging Bluechip Fund 11,615.05 362.07% 4,346.04 135.48%

Mirae Asset Global Commodity Stocks Fund 3,459.64 74.65% 4,876.56 105.22%

Mirae Asset China Advantage Fund 20,071.43 380.21% 12,812.18 242.70%

Mirae Asset India - China Consumption Fund 321.91 28.38% 0.00 0.00%

Mirae Asset Gilt Fund - Investment Plan - - - -

Mirae Asset Gilt Fund - Savings Plan - - - -



Mirae Asset Ultra Short Term Bond Fund - - - -

Mirae Asset Short Term Bond Fund - - - -

25

2009-2010

Scheme namePurchases

(rs. in lakhs.)% to

net AssetsSales

(rs. in lakhs.)% to

net Assets


Mirae Asset Emerging Bluechip Fund - - - -

Mirae Asset Global Commodity Stocks Fund 5,256.93 93.59% 7,686.40 136.84%

Mirae Asset China Advantage Fund 3,266.70 114.55% 544.22 19.32%

Mirae Asset India-China Consumption Fund - - - -

Mirae Asset Gilt Fund - Investment Plan 13,847.75 2921.55% 14,329.49 3023.19%

Mirae Asset Gilt Fund - Savings Plan 59.05 275.42% 59.01 275.26%



Mirae Asset Ultra Short Term Bond Fund - - 500.00 132.60%

Mirae Asset Short Term Bond Fund 7,886.23 785.54% 7,872.90 784.21%

1.8. Non-Traded securities in the portfolio is NIL (Previous year: NIL)

2 details of transaction with Associates under regulation 25(8) are as follows:

(a) Brokerage paid to associates/related parties/group companies of Sponsor/AMC:

name of associate/related parties/group companies of Sponsor/AMc

nature of Association/

nature of relation

Period covered

Value of transaction (in rs cr & % of

total value of transaction of fund)

brokerage (rs cr & % of

total brokerage paid by the fund)

Mirae Asset Securities (HK) Ltd Associate 2010-2011 8.47 1.03 0.03 0.94

2009-2010 9.84 1.14 0.02 0.89

SBI Caps Securites Ltd Associate 2010-2011 N.A. N.A. N.A. N.A.

2009-2010 11.34 1.31 0.04 1.34

N.A. - SBI Caps Securities Ltd. ceased to be an associate of the AMC during the F.Y. 2010-2011.

(b) Commission paid to associates/related parties/group companies of sponsor/AMC

name of associate/related parties/group companies of Sponsor/AMc

nature of Association/nature

of relation

Period covered

business given (rs. cr. & % of total business

received by the fund)

brokerage (rs cr & % of

total brokerage paid by the fund)

SATCO Securities & Financial Services Ltd.

Commission paid for procuring unit capital

2010-2011 0.02 0.00$ 0.002 0.00$

SATCO Securities & Financial Services Ltd.

Commission paid for procuring unit capital

2009-2010 - - - -

3 large holdings in the Scheme (i.e. in excess of 25% of the net assets).

As on 31st March 2010-2011 2009-2010

Scheme no. of investors % of holdings no. of investors % of holdings

Mirae Asset Cash Management Fund 1 60.93% - -

Mirae Asset Short Term Bond Fund 1 27.39% 1 36.43%

Mirae Asset Gilt Fund - Investment Plan 1 25.02% 1 31.97%

4 Details of Unit Capital are provided in Annexure 2 to Annexure 10.

5 Prior Year comparatives: The figures of the previous period have been regrouped / rearranged, wherever applicable, to conform to current year’s presentation.

Since these are the first financials for the following schemes there are no comparative figures for the previous year:

•MiraeAssetEmergingBluechipFund

•MiraeAssetIndia-ChinaConsumptionFund

6 The Abridged Financial Statements prepared by the management, have not audited; however, the data has been derived from the Audited Financial Statements referred to in the Audited Report.

7 Expenses other than management fee is inclusive of service tax where applicable.$ Rounded off upto 2 decimals.


26

KeY StAtiSticS FOr the YeAr / PeriOd ended MArch 31, 2011

Particulars

MirAe ASSet indiA

OPPOrtUnitieS FUnd


FUnd


StOcKS FUnd


FUnd

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

1. NAV per unit (Rs.):Institutional - Dividend Plan (Daily)

Open - 6.59 - - - - -High - 10.77 - - - - -Low - 6.71 - - - - -End - - - - - - -

Institutional - Dividend Plan (Weekly)Open - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

Institutional - Dividend Plan (Fortnightly)Open - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

Institutional - Growth PlanOpen - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

Institutional - Dividend Plan (Monthly)Open - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

Institutional - Dividend Plan Quarterly)Open - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

Institutional - Dividend TransferOpen - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

Regular - Bonus PlanOpen - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

Regular - Dividend Transfer -Open - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

Regular - Dividend Plan (Daily)Open 13.347 6.520 - - - - -High 16.726 13.571 12.017 - - - -Low 12.595 6.640 9.617 - - - -End 13.939 13.347 10.739 - - - -

27

Particulars

MirAe ASSet indiA

OPPOrtUnitieS FUnd


FUnd


StOcKS FUnd


FUnd

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

Regular - Dividend Plan (Weekly)Open - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

Regular - Dividend Plan (Monthly)Open - - - 11.983 6.794 - - High - - - 13.557 12.870 - - Low - - - 10.073 6.867 - - End - - - 13.401 11.983 - -

Regular - Growth PlanOpen 14.423 6.520 - 11.983 6.794 9.5706 - High 18.028 14.665 12.017 13.557 12.870 11.8510 10.2440 Low 13.720 6.640 9.617 10.073 6.867 8.5540 8.7840 End 16.641 14.423 10.739 13.401 11.983 11.0779 9.5706

Regular - Dividend Plan (Quarterly)Open - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

Regular - Dividend Plan (Fortnightly)Open - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

Regular - DividendOpen - - - - - 9.5706 - High - - - - - 11.8510 10.2440 Low - - - - - 8.5540 8.7840 End - - - - - 11.0779 9.5706

Super Inst - Dividend Plan (Daily)Open - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

Super Inst - Dividend Plan (Weekly)Open - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

Super Inst - Dividend Plan (Monthly)Open - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

Super Inst - Growth PlanOpen - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

KeY StAtiSticS FOr the YeAr / PeriOd ended MArch 31, 2011 (contd....)


28

Particulars

MirAe ASSet indiA

OPPOrtUnitieS FUnd


FUnd


StOcKS FUnd


FUnd

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

PF Automatic Capital Appreciation - MonthlyOpen - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

PF Automatic Capital Appreciation - QuarterlyOpen - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

PF Automatic Capital Appreciation - Half YearlyOpen - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

PF Automatic Capital Appreciation - AnnuallyOpen - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

PF Defined Maturity DateOpen - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

PF Automatic Annual ReinvestmentOpen - - - - - - -High - - - - - - -Low - - - - - - -End - - - - - - -

2. Closing Assets Under Management (Rs. in Lakhs)End 16,759.17 15,487.18 8,298.65 4,251.52 5,288.97 10,138.27 2,626.00 Average (AAuM) 15,927.12 15,483.08 3,207.96 4,634.71 5,617.01 5,279.07 2,816.96

3. Gross income as % of AAuM1 24.44% 54.11% 7.26% 11.29% 27.08% 5.43% -5.55%365.00 365.00 296.00 365.00 365.00 365.00 146.00

4. Expense Ratio:a. Total Expense as % of AAuM (plan wise) 2.41% 2.41% 2.50% 2.50% 2.50% 1.24% 0.75%b. Management Fee as % of AAuM (plan wise) 1.16% 1.16% 1.25% 1.25% 1.25% 0.50% 0.50%

5. Net Income as a percentage of AAuM2 22.03% 51.70% 4.76% 8.79% 24.58% 4.18% -6.30%

6. Portfolio turnover ratio3 1.84 0.44 1.42 0.75 1.05 2.43 5.18

7. Total Dividend per unit distributed during the year / period (plan wise)

Institutional - Dividend Plan (Individual) - - - -Institutional - Dividend Plan (Others) - - - -Institutional - Dividend Plan (Daily) (Individual) - - - -Institutional - Dividend Plan (Daily) (Others) - - - -Institutional - Dividend Plan (Weekly) (Individual)

- - - -


29

Particulars

MirAe ASSet indiA

OPPOrtUnitieS FUnd


FUnd


StOcKS FUnd


FUnd

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

Institutional - Dividend Plan (Weekly) (Others) - - - -Institutional - Dividend Plan (Monthly) (Individual)

- - - -

Institutional - Dividend Plan (Monthly) (Others) - - - -Regular - Dividend Plan (Individual) 1.50 1.80 - - -Regular - Dividend Plan (Others) 1.50 1.80 - - -Regular - Dividend Plan (Daily) (Individual) - - - -Regular - Dividend Plan (Daily) (Others) - - - -Regular - Dividend Plan (Weekly) (Individual) - - - -Regular - Dividend Plan (Weekly) (Others) - - - -Regular - Dividend Plan (Monthly) (Individual) - - - -Regular - Dividend Plan (Monthly) (Others) - - - -Regular - Dividend Plan (Quarterly) (Individual) - - - -Regular - Dividend Plan (Quarterly) (Others) - - - -Super Inst - Dividend Plan (Daily) (Individual) - - - -Super Inst - Dividend Plan (Daily) (Others) - - - -Super Inst - Dividend Plan (Weekly) (Individual)

- - - -

Super Inst - Dividend Plan (Weekly) (Others) - - - -Super Inst - Dividend Plan (Monthly) (Individual)

- - - -

Super Inst - Dividend Plan (Monthly) (Others) - - - -

8. Returns:1 Year

SchemeInstitutional - Growth Option - - - -Regular - Growth Option 15.38% 121.21% 11.83% 76.38% 15.75%Super Inst - Growth Option - - - -

benchmarkInstitutional - Growth Option - - - -Regular - Growth Option 8.15% 92.87% - 20.11% 72.29% 6.12% -Super Inst - Growth Option - - - -

Since inception

SchemeInstitutional - Growth Option - -Regular - Growth Option 18.58% 20.22% 7.39% 11.86% 11.86% 7.59% -4.29%Super Inst - Growth Option - - -

benchmarkInstitutional - Growth Option - - -Regular - Growth Option 7.83% 7.68% -3.14% 16.27% 13.94% 1.73% -3.47%Super Inst - Growth Option - - -

1. Gross income = amount against (A) in the Revenue account i.e. Income.

2. Net income = amount against (C) in the Revenue account i.e. NET REALISED GAINS / (LOSSES) FOR THE YEAR / PERIOD

3. Portfolio Turnover = Lower of sales or purchase divided by the Average AuM for the year/period.

4. AAuM=Average daily net assets



30


Particulars


cOnSUMPtiOn FUnd

MirAe ASSet gilt FUnd -

inVeStMent PlAn


SAVingS PlAn


As at31, March

2011

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010


Open - 10.3567 9.9427 - - - - High - 10.3601 10.5538 - - - - Low - 10.3564 9.9589 - - - - End - - 10.3567 - - - -

Institutional - Dividend Plan (Weekly)Open - - - - - - - High - - - - - - - Low - - - - - - - End - - - - - - -

Institutional - Dividend Plan (Fortnightly)Open - - - - - - - High - - - - - - - Low - - - - - - - End - - - - - - -

Institutional - Growth PlanOpen - 10.3561 9.9422 - 10.0724 - - High - 10.4448 10.5531 - 10.0823 - - Low - 10.3590 9.9584 - 10.0566 - - End - - 10.3561 - - - -

Institutional - Dividend Plan (Monthly)Open - - - - - - - High - - - - - - - Low - - - - - - - End - - - - - - -

Institutional - Dividend Plan Quarterly)Open - - - - - - - High - - - - - - - Low - - - - - - - End - - - - - - -

Institutional - Dividend TransferOpen - - - - - - - High - - - - - - - Low - - - - - - - End - - - - - - -

Regular - Bonus PlanOpen - - 9.9441 - 10.0823 - - High - - 10.5553 - 10.1769 - - Low - - 9.9603 - 10.0672 - - End - -

Regular - Dividend TransferOpen - - - - - - - High - - - - - - - Low - - - - - - - End - - - - - - -

Regular - Dividend Plan (Daily)Open - - 9.9428 10.2066 10.0689 1,027.7370 1,007.8377 High 10.061 - 10.5543 10.3895 10.2066 1,031.6970 1,027.7368 Low 10.000 - 10.3572 10.2092 10.0517 1,028.2135 1,007.9541 End 10.061 - - 10.3895 10.2066 1,031.6970 1,027.7370

31

Particulars


cOnSUMPtiOn FUnd


inVeStMent PlAn


SAVingS PlAn


As at31, March

2011

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

Regular - Dividend Plan (Weekly)Open - - - - - 1,028.7530 1,007.8625 High - - - - - 1,081.1891 1,028.7539 Low - - - - - 1,029.2300 1,007.9788 End - - - - - 1,081.1891 1,028.7530

Regular - Dividend Plan (Monthly)Open - - - - - 1,029.9357 1,007.8609 High - - - - - 1,082.6212 1,029.9418 Low - - - - - 1,030.4132 1,007.9772 End - - - - - 1,082.6212 1,029.9357

Regular - Growth PlanOpen - 10.3554 9.9412 10.2061 10.0689 1,029.8795 1,007.8018 High 10.061 10.6262 10.5524 10.3888 10.2062 1,082.4758 1,029.8691 Low 10.000 10.3583 9.9574 10.2087 10.0516 1,030.3464 1,007.9182 End 10.061 10.6262 10.3554 10.3888 10.2061 1,082.4758 1,029.8795

Regular - Dividend Plan (Quarterly)Open - - - - - - - High - - - - - - - Low - - - - - - - End - - - - - - -

Regular - Dividend Plan (Fortnightly)Open - - - - - - - High - - - - - - - Low - - - - - - - End - - - - - - -

Regular - DividendOpen - 10.3572 - - - - - High - 10.6281 10.5543 - - - - Low - 10.3601 9.9591 - - - - End - 10.6281 10.3572 - - - -

Super Inst - Dividend Plan (Daily)Open - - - - - - - High - - - - - - - Low - - - - - - - End - - - - - - -

Super Inst - Dividend Plan (Weekly)Open - - - - - - - High - - - - - - - Low - - - - - - - End - - - - - - -

Super Inst - Dividend Plan (Monthly)Open - - - - - - - High - - - - - - - Low - - - - - - - End - - - - - - -

Super Inst - Growth PlanOpen - - - - - - - High - - - - - - - Low - - - - - - - End - - - - - - -



32

Particulars


cOnSUMPtiOn FUnd


inVeStMent PlAn


SAVingS PlAn


As at31, March

2011

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

PF Automatic Capital Appreciation - MonthlyOpen - 10.3568 9.9424 - - - - High - 10.6284 10.5538 - - - - Low - 10.3597 9.9587 - - - - End - 10.6284 10.3568 - - - -

PF Automatic Capital Appreciation - QuarterlyOpen - 10.3565 9.9424 10.2174 10.0824 - - High - 10.6271 10.5535 10.3952 10.2174 - - Low - 10.3594 9.9587 10.2199 10.0672 - - End - 10.6271 10.3565 10.3952 10.2174 - -

PF Automatic Capital Appreciation - Half YearlyOpen - - - 10.2174 10.0824 - - High - - - 10.2712 10.2174 - - Low - - - 10.2199 10.0672 - - End - - - - 10.2174 - -

PF Automatic Capital Appreciation - AnnuallyOpen - - - - - - - High - - - - - - - Low - - - - - - - End - - - - - - -

PF Defined Maturity DateOpen - 10.3565 9.9424 - - - - High - 10.4229 10.5535 - - - - Low - 10.3594 9.9587 - - - - End - - 10.3565 - - - -

PF Automatic Annual ReinvestmentOpen - 10.3565 9.9424 - - - - High - 10.6272 10.5535 - - - - Low - 10.3594 9.9587 - - - - End - 10.6272 10.3565 - - - -

2. Closing Assets Under Management (Rs. in Lakhs)End 1,149.22 16.43 109.79 3.20 3.99 818.91 177.38 Average (AAuM) 1,134.41 43.02 473.99 3.07 21.44 1,125.03 248.20

3. Gross income as % of AAuM1 12.11% 3.85% 7.76% 3.17% 2.29% 5.80% 2.66%3.00 365.00 365.00 365.00 365.00 365.00 365.00

4. Expense Ratio:a. Total Expense as % of AAuM (plan wise) 2.50% 1.53% 2.25% 1.21% 1.26% 0.45% 0.48%b. Management Fee as % of AAuM (plan wise) 1.25% 0.53% 1.25% 0.79% 0.75% 0.10% 0.10%

5. Net Income as a percentage of AAuM2 9.73% 2.37% 5.51% 1.88% 1.03% 5.35% 2.17%

6. Portfolio turnover ratio3 0.28 - - - - - -


Institutional - Dividend Plan (Individual) - - - - Institutional - Dividend Plan (Others) - - - - Institutional - Dividend Plan (Daily) (Individual) - - - - Institutional - Dividend Plan (Daily) (Others) - - - - Institutional - Dividend Plan (Weekly) (Individual)

- - - -

Institutional - Dividend Plan (Weekly) (Others) - - - -


33

Particulars


cOnSUMPtiOn FUnd


inVeStMent PlAn


SAVingS PlAn


As at31, March

2011

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

Institutional - Dividend Plan (Monthly) (Individual)

- - - -

Institutional - Dividend Plan (Monthly) (Others) - - - - Regular - Dividend Plan (Individual) - - - - Regular - Dividend Plan (Others) - - - - Regular - Dividend Plan (Daily) (Individual) - - - 36.8172 1.6616 Regular - Dividend Plan (Daily) (Others) - - - 36.8172 1.6616 Regular - Dividend Plan (Weekly) (Individual) - - - - 0.9046 Regular - Dividend Plan (Weekly) (Others) - - - - 0.9046 Regular - Dividend Plan (Monthly) (Individual) - - - - Regular - Dividend Plan (Monthly) (Others) - - - - Regular - Dividend Plan (Quarterly) (Individual)

- - - -

Regular - Dividend Plan (Quarterly) (Others) - - - - Super Inst - Dividend Plan (Daily) (Individual) - - - - Super Inst - Dividend Plan (Daily) (Others) - - - - Super Inst - Dividend Plan (Weekly) (Individual)

- - - -

Super Inst - Dividend Plan (Weekly) (Others) - - - - Super Inst - Dividend Plan (Monthly) (Individual)

- - - -

Super Inst - Dividend Plan (Monthly) (Others) - - - -

8. Returns:1 Year

SchemeInstitutional - Growth Option - - 4.16% - - - - Regular - Growth Option 2.62% 4.17% 1.79% 1.36% 4.70% 1.78%Super Inst - Growth Option - - - -

benchmarkInstitutional - Growth Option - - 3.09% - 6.10% - - Regular - Growth Option - 7.41% 3.09% 4.90% 6.10% 6.21% 3.69%Super Inst - Growth Option - - - -

Since inception

SchemeInstitutional - Growth Option - - 3.10% - - - - Regular - Growth Option 0.61% 2.87% 3.09% 1.79% 1.79% 1.78 0.32%Super Inst - Growth Option - - - - - - -

benchmarkInstitutional - Growth Option - - - - - - - Regular - Growth Option 1.59% 3.12% -0.49% 4.75% 4.62% 6.30% 6.32%Super Inst - Growth Option - - - - - - -







34


Particulars

MirAe ASSet cASh MAnAgeMent

FUnd

MirAe ASSet UltrA ShOrt terM bOnd

FUnd

MirAe ASSet ShOrt terM bOnd

FUnd

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010


Open - - - - - - High - - - 948.2968 - - Low - - - 948.0117 - - End - - - - - -

Institutional - Dividend Plan (Weekly)Open - - - - - - High - - - - - 10.1205 Low - - - - - 9.9772 End - - - - - -

Institutional - Dividend Plan (Fortnightly)Open - - - - - - High - - - - - 10.0000 Low - - - - - 10.0000 End - - - - - -

Institutional - Growth PlanOpen - - - - 10.1269 - High - - - - 10.1543 10.1269 Low - - - - 10.1321 9.9772 End - - - - - 10.1269

Institutional - Dividend Plan (Monthly)Open - - - - - - High - - - - - 10.0937 Low - - - - - 9.9772 End - - - - - -

Institutional - Dividend Plan Quarterly)Open - - - - - - High - - - - - 10.0000 Low - - - - - 10.0000 End - - - - - -

Institutional - Dividend TransferOpen - - - - 10.1169 - High - - - - - 10.0937 Low - - - - - 9.9772 End - - - - - 10.1169

Regular - Bonus PlanOpen 1,001.9777 961.0880 - 1,009.3059 - - High 1,031.3217 1,001.9753 - 1,029.5489 - - Low 1,002.4102 961.1584 - 1,009.5528 - - End - 1,001.9777 - - - -

Regular - Dividend TransferOpen - - - - 10.1169 - High - - - - 10.3319 10.1169 Low - - - - 10.0515 9.9765 End - - - - 10.0612 10.1169

Regular - Dividend Plan (Daily)Open 945.6649 929.0858 987.6680 967.8501 - - High 990.1949 945.6649 1,034.7636 987.6681 - - Low 946.0745 929.1538 988.1954 968.0869 - - End 990.1949 945.6649 1,034.7636 987.6680 - -

35

Particulars


FUnd


FUnd


FUnd

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

Regular - Dividend Plan (Weekly)Open 947.0076 930.4118 987.5934 967.7710 10.1169 - High 992.6543 947.0068 1,034.6812 987.5934 10.3110 10.1169 Low 947.4179 930.4799 988.1208 968.0077 10.0511 9.9765 End 992.6543 947.0076 1,034.6812 987.5934 10.0519 10.1169

Regular - Dividend Plan (Monthly)Open 949.1449 932.5139 990.0036 970.0568 - - High 993.6521 949.1451 1,036.7453 990.0038 10.3319 10.1169 Low 949.5561 932.5822 990.5323 970.2941 10.0515 9.9765 End 993.6521 949.1449 1,036.7543 990.0036 - -

Regular - Growth PlanOpen 993.2832 975.8787 1,036.4566 1,015.6706 10.1167 - High 1,039.9265 993.2814 1,085.8245 1,036.4558 10.5670 10.1167 Low 993.7118 975.9502 1,037.0101 1,015.9195 10.1217 9.9765 End 1,039.9265 993.2832 1,085.8245 1,036.4566 10.5670 10.1167

Regular - Dividend Plan (Quarterly)Open - - - 986.8926 - - High - - - 1,001.0701 10.3105 10.1169 Low - - - 987.1341 10.0597 9.9765 End - - - - 10.3105 10.1169

Regular - Dividend Plan (Fortnightly)Open - - - - - - High - - - - 10.2306 10.1167 Low - - - - 10.1217 9.9765 End - - - - - 10.1167

Regular - DividendOpen - - - - - - High - - - - - - Low - - - - - - End - - - - - -

Super Inst - Dividend Plan (Daily)Open - - - - - - High - - - - - - Low - - - - - - End - - - - - -

Super Inst - Dividend Plan (Weekly)Open - - - - - - High - - - - - - Low - - - - - - End - - - - - -

Super Inst - Dividend Plan (Monthly)Open - - - - - - High - - - - - - Low - - - - - - End - - - - - -

Super Inst - Growth PlanOpen - - - - - - High - - - - - - Low - - - - - - End - - - - - -



36

Particulars


FUnd


FUnd


FUnd

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

PF Automatic Capital Appreciation - MonthlyOpen - - - - - - High - - - - - - Low - - - - - - End - - - - - -

PF Automatic Capital Appreciation - QuarterlyOpen - - - - - - High - - - - - - Low - - - - - - End - - - - - -

PF Automatic Capital Appreciation - Half YearlyOpen - - - - - - High - - - - - - Low - - - - - - End - - - - - -

PF Automatic Capital Appreciation - AnnuallyOpen - - - - - - High - - - - - - Low - - - - - - End - - - - - -

PF Defined Maturity DateOpen - - - - - - High - - - - - - Low - - - - - - End - - - - - -

PF Automatic Annual ReinvestmentOpen - - - - - - High - - - - - - Low - - - - - - End - - - - - -

2. Closing Assets Under Management (Rs. in Lakhs)End 111.80 87.68 196.51 222.28 38.08 138.91 Average (AAuM) 110.73 116.97 919.69 377.06 68.31 1,003.92

3. Gross income as % of AAuM1 5.13% 2.45% 5.80% 2.91% 4.77% 1.99%365.00 365.00 365.00 365.00 365.00 241.00

4. Expense Ratio:a. Total Expense as % of AAuM (plan wise) 0.45% 0.65% 0.45% 0.78% 0.78% 0.94%b. Management Fee as % of AAuM (plan wise) 0.10% 0.21% 0.10% 0.24% 0.17% 0.44%

5. Net Income as a percentage of AAuM2 4.71% 1.80% 5.36% 2.14% 4.00% 1.05%

6. Portfolio turnover ratio3 - - - - -


Institutional - Dividend Plan (Individual) - - - - - - Institutional - Dividend Plan (Others) - - - - - - Institutional - Dividend Plan (Daily) (Individual) - - - - - - Institutional - Dividend Plan (Daily) (Others) - - - - - - Institutional - Dividend Plan (Weekly) (Individual)

- - - - - -

Institutional - Dividend Plan (Weekly) (Others) - - - - - -


37

Particulars


FUnd


FUnd


FUnd

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

As at31, March

2011

As at31, March

2010

Institutional - Dividend Plan (Monthly) (Individual)

- - - - - -

Institutional - Dividend Plan (Monthly) (Others) - - - - - - Regular - Dividend Plan (Individual) - - - - 0.44 - Regular - Dividend Plan (Others) - - - - 0.14 - Regular - Dividend Plan (Daily) (Individual) - - - - - - Regular - Dividend Plan (Daily) (Others) - - - - - - Regular - Dividend Plan (Weekly) (Individual) - - - - 0.44 -

Regular - Dividend Plan (Weekly) (Others) - - - - 0.15 - Regular - Dividend Plan (Monthly) (Individual) - - - - - - Regular - Dividend Plan (Monthly) (Others) - - - - - - Regular - Dividend Plan (Quarterly) (Individual)

- - - - 0.22 -

Regular - Dividend Plan (Quarterly) (Others) - - - - 0.20 - Super Inst - Dividend Plan (Daily) (Individual) - - - - - - Super Inst - Dividend Plan (Daily) (Others) - - - - - - Super Inst - Dividend Plan (Weekly) (Individual)

- - - - - -

Super Inst - Dividend Plan (Weekly) (Others) - - - - - - Super Inst - Dividend Plan (Monthly) (Individual)

- - - - - -

Super Inst - Dividend Plan (Monthly) (Others) - - - - - -

8. Returns:1 Year

SchemeInstitutional - Growth Option - - - - - - Regular - Growth Option 2.52% 2.19% 4.76% 2.05% 4.45% - Super Inst - Growth Option - - - - - -

benchmark - - Institutional - Growth Option - - - - - - Regular - Growth Option 3.97% 4.52% 6.21% 3.69% 5.12% - Super Inst - Growth Option - - - - - -

Since inception

SchemeInstitutional - Growth Option - - - - - 1.27%Regular - Growth Option 3.64% 2.45% 2.72% 1.74% 3.38% 1.17%Super Inst - Growth Option - - - - -

benchmarkInstitutional - Growth Option - - - - - - Regular - Growth Option 6.29% 4.83% 6.29% 6.32% 4.93% 3.03%Super Inst - Growth Option - - - - - -







38

Annexure - 2 Unit cAPitAl

MirAe ASSet indiA OPPOrtUnitieS FUnd

Quantity2011

Amount (in ‘000)2011

Quantity2010


Units of Rs 10 each fully paid up

dividend Plan

Outstanding at the beginning 47,125,745.727 471,258 56,740,241.281 567,403

Issued during the year 30,005,498.062 300,055 36,960,733.596 369,607

Redeemed during the year (35,220,126.628) (352,201) (46,575,229.150) (465,752)

Outstanding, end of year 41,911,117.161 419,112 47,125,745.727 471,258

growth Plan

Outstanding at the beginning 63,766,217.458 637,662 103,336,231.530 1,033,362




institutional Option - dividend Plan

Outstanding at the beginning - - 5,000,000.000 50,000

Redeemed during the year - - (5,000,000.000) (50,000)

Outstanding, end of year - - - -

total

Outstanding at the beginning 110,891,963.185 1,108,920 165,076,472.811 1,650,765


Redeemed during the year (60,417,959.742) (604,179) (117,272,378.296) (1,172,723)

Outstanding, end of year 107,513,722.253 1,075,138 110,891,963.185 1,108,920

39


MirAe ASSet eMerging blUechiP FUnd

Quantity2011



regular Plan - dividend Option

Issued

-new fund offer 5,091,764.500 50,918

-during the period 54,360,052.823 543,601

Redeemed during the period (1,600,352.271) (16,004)

Outstanding, end of period 57,851,465.052 578,515

regular Plan - growth Option

Issued

-new fund offer 18,280,954.654 182,810




total issued

-new fund offer 23,372,719.154 233,728





40


MirAe ASSet glObAl cOMMOditY StOcKS FUnd

Quantity2011


Quantity2010



dividend Option





growth Option





total





41


MirAe ASSet chinA AdVAntAge FUnd

Quantity2011


Quantity2010




Outstanding at the beginning of the year/period

10,160,025.593 101,600 - -

issued

-new fund offer - - 10,477,860.962 104,779

-during the year/period 18,061,291.698 180,613 1,240,140.830 12,401

Redeemed during the year/period (7,335,613.817) (73,356) (1,557,976.199) (15,580)

Outstanding, end of year/period 20,885,703.474 208,857 10,160,025.593 101,600



17,278,084.966 172,781 - -

issued

-new fund offer - - 17,855,856.592 178,559




total


27,438,110.559 274,381 - -

issued

-new fund offer - - 28,333,717.554 283,338





42


MirAe ASSet indiA-chinA cOnSUMPtiOn FUnd

Quantity2011




issued

-new fund offer 3,154,483.685 31,545

-during the period 5,235.753 52



issued

-new fund offer 8,151,835.258 81,518

-during the period 110,762.876 1,108


total issued

-new fund offer 11,306,318.943 113,063

-during the period 115,998.629 1,160


43


MirAe ASSet gilt FUnd - inVeStMent PlAn

Quantity2011


Quantity2010



regular - growth

Outstanding at the beginning of the year 162,728.087 1,626 1,106,809.420 11,067

Issued during the year/period 4,565.081 46 903,311.329 9,033

Redeemed during the year/period (106,995.728) (1,070) (1,847,392.662) (18,474)

Outstanding, end of year/period 60,297.440 602 162,728.087 1,626

regular - dividend


Issued during the year/period - - 1,029,373.810 10,294



institutional - growth


Issued during the year/period - - 2,173,063.023 21,731


Outstanding, end of year/period - - 100,000.000 1,000

institutional - dividend


Issued during the year/period - - 191,953.317 1,920



bonus Plan

Outstanding at the beginning of the year - - 274,275.878 2,743

Issued during the year/period - - 91,543.307 915

Redeemed during the year/period - - (365,819.185) (3,658)

Outstanding, end of year/period - - - -


44

Quantity2011


Quantity2010


Provident Fund - Automatic capital Appreciation Monthly

Outstanding at the beginning of the year 7,383.976 73 18,543.440 185

Issued during the year/period - - - -

Redeemed during the year/period (3,242.204) (32) (11,159.464) (112)

Outstanding, end of year/period 4,141.772 41 7,383.976 73

Provident Fund - Automatic capital Appreciation Quarterly

Outstanding at the beginning of the year 35,000.000 350 35,000.000 350


Redeemed during the year/period - - - -


Provident Fund - defined Maturity date

Outstanding at the beginning of the year 351,530.174 3,516 300,000.000 3,000

Issued during the year/period - - 341,376.845 3,414

Redeemed during the year/period (351,530.174) (3,516) (289,846.671) (2,898)


Provident Fund - Automatic Annual reinvestment


Issued during the year/period - - 8,551.355 86

Redeemed during the year/period (61,253.479) (613) (8,551.355) (86)


total

Outstanding at the beginning of the year 1,060,398.108 10,603 6,774,400.915 67,742

Issued during the year/period 4,565.081 46 4,739,172.986 47,393


Outstanding, end of year/period 154,616.939 1,545 1,060,398.108 10,603

At 31 March 2011, of the above unit capital, 1 (one) investor held 25.02%. (As on 31 March 2010, 31.97 per cent was held by a single investor.)


MirAe ASSet gilt FUnd - inVeStMent PlAn (contd....)

45


MirAe ASSet gilt FUnd - SAVingS PlAn

Quantity2011


Quantity2010



regular - growth

Outstanding at the beginning 29,742.996 298 321,751.948 3,218

Issued during the year/period 53,606.879 536 276,686 2,767

Redeemed during the year/period (58,343.390) (584) (568,695) (5,687)


regular - dividend


Issued during the year/period 2,888.459 29 207,121 2,071

Redeemed during the year/period (1,484.943) (15) (346,132) (3,461)


institutional - growth

Outstanding at the beginning - - 240,549.549 2,405


Redeemed during the year/period - - (240,549.549) (2,405)


bonus Plan

Outstanding at the beginning - - 500.000 5


Redeemed during the year/period - - (500.00) (5)



46

Quantity2011


Quantity2010


Provident Fund - Automatic capital Appreciation Quarterly

Outstanding at the beginning 1,000.000 10 1,000.000 10


Redeemed during the year/period - - - -


Provident Fund - Automatic capital Appreciation half Yearly

Outstanding at the beginning 4,990.000 50 4,990.000 50


Redeemed during the year/period (4,990.00) (50) - -

Outstanding, end of year/period - - 4,990.000 50

total


Issued during the year/period 56,495.338 565 483,807.000 4,838

Redeemed during the year/period (64,818.333) (649) (1,155,876.501) (11,558)



MirAe ASSet gilt FUnd - SAVingS PlAn (contd....)

47



Quantity2011


Quantity2010


Units of Rs 1, 000 each fully paid up

growth


Issued during the year 709,493.140 709,493 238,285.349 238,285

Redeemed during the year (656,988.958) (656,989) (248,715.229) (248,715)

Outstanding, end of year 65,597.356 65,597 13,093.174 13,093

daily dividend





Monthly dividend

Outstanding at the beginning of the year 170.805 171 1,222.037 1,222

Issued during the year 7,054.716 7,055 445.990 446


Outstanding, end of year 1,000.560 1,001 170.805 171

Weekly dividend

Outstanding at the beginning of the year 1,147.375 1,147 74.967 75




total





At 31 March 2011, of the above unit capital, 1 (one) investor held 60.93% of the unit capital of the Scheme. (As on 31 March 2010 no investor held more than 25% of the unit capital of the Scheme).


48



Quantity2011


Quantity2010


Units of Rs 1,000 each fully paid up

regular Plan - bonus

Outstanding at the beginning 35.956 36 4.956 5

Issued during the year 252.304 252 36 36

Redeemed during the year (288.260) (288) (5) (5)

Outstanding, end of year - - 35.956 36

regular Plan - daily dividend

Outstanding at the beginning 795.481 796 1,401.481 1,402

Issued during the year 9,807.988 9,808 868 868

Redeemed during the year (8,773.344) (8,773) (1,474) (1,474)


regular Plan - Weekly dividend

Outstanding at the beginning 294.748 295 416.748 417

Issued during the year 1,970.548 1,971 1,161 1,161


Outstanding, end of year 437.329 438 294.748 295

regular Plan - Monthly dividend

Outstanding at the beginning 2,545.672 2,545 108.672 108

Issued during the year 906.901 907 8,039 8,039


Outstanding, end of year 576.922 576 2,545.672 2,545

regular Plan - growth

Outstanding at the beginning 5,322.790 5,323 17,049.790 17,050




total





49



Quantity2011


Quantity2010


Units of Rs 1,000 each fully paid up

institutional Plan - daily dividend

Outstanding at the beginning - - - -

Issued during the year - - 21,098.095 21,098

Redeemed during the year - - (21,098.095) (21,098)


regular Plan - bonus


Issued during the year - - - -

Redeemed during the year - - (10.000) (10)


regular Plan - daily dividend

Outstanding at the beginning 5,198.319 5,199 944.324 945




regular Plan - Weekly dividend





regular Plan - Monthly dividend

Outstanding at the beginning 544.632 545 1,711.005 1,711





50

Quantity2011


Quantity2010


regular Plan - Quarterly dividend


Issued during the year - - 6,195.420 6,195



regular Plan - growth





total







51



Quantity2011


Quantity2010



regular - growth Option

Outstanding at the beginning 565,765.360 5,658 - -

Issued

-new fund offer - - 5,906,225.756 59,062

-during the year 493,224.487 4,932 702,873.852 7,029

Redeemed during the year (867,222.515) (8,672) (6,043,334.248) (60,433)


regular - Weekly dividend reinvestment Option

Outstanding at the beginning 113,281.809 1,133

Issued

-new fund offer - - 486,580.625 4,866

-during the year 167,345.938 1,673 157,102.785 1,571



regular - Fortnightly dividend reinvestment Option

Outstanding at the beginning 5,000.000 50

Issued

-new fund offer - - 105,000.000 1,050

-during the year - - - -

Redeemed during the year (5,000.000) (50) (100,000.000) (1,000)

Outstanding, end of year - - 5,000.000 50

regular - dividend transfer Option

Outstanding at the beginning 155,500.000 1,555 - -

Issued

-new fund offer - - 3,110,481.967 31,105

-during the year 170,752.088 1,708 7,447.498 74


Outstanding, end of year 46,059.079 461 155,500.000 1,555


52

Quantity2011


Quantity2010


regular - Quarterly dividend reinvestment Option

Outstanding at the beginning 33,000.000 330 - -

Issued

-new fund offer - - 45,000.000 450

-during the year 43.665 - 6,211.429 62

Redeemed during the year (22,021.833) (220) (18,211.429) (182)

Outstanding, end of year 11,021.832 110 33,000.000 330

institutional - growth Option

Outstanding at the beginning 5,00,000.000 5,000 - -

Issued

-new fund offer - - 8,660,134.686 86,601

-during the year - - 951,951.006 9,520


Outstanding, end of year - - 500,000.000 5,000

institutional - Weekly dividend reinvestment Option


Issued

-new fund offer - - 6,305,432.449 63,054

-during the year - - 200,416.867 2,004

Redeemed during the year - - (6,505,849.316) (65,058)


institutional - dividend transfer Option


Issued

-new fund offer - - 500,000.000 5,000

-during the year - - - -



total

Outstanding at the beginning 1,372,547.169 13,726 - -

Issued

-new fund offer - - 25,118,855.483 251,188

-during the year 831,366.178 8,313 2,026,003.437 20,260


Outstanding, end of year 368,644.790 3,687 1,372,547.169 13,726

At 31 March 2011, of the above unit capital, 1 (one) investor held 27.39%. (At 31 March 2010, 1 (one) investor held 36.43% of the unit capital of the Scheme.)

53

Annexure i

VOting rightS POlicY OF MirAe ASSet MUtUAl FUnd

Mirae Asset Global Investments (India) Private Limited (Mirae AMC) is the asset management company for Mirae Asset Mutual Fund. In this role, Mirae AMC has an obligation to act in the best interests of the Funds. This responsibility includes exercising the voting rights attached to securities held by the Funds. It is the policy of Mirae AMC to exercise the voting rights of the Funds in accordance with the best interests of the Funds.

This Policy contains the principles that form the basis of all votes. Mirae AMC believes that these principles are essential to ensure the long-term performance of assets managed by Mirae AMC. Mirae AMC will manage voting rights with the same level of care and skill as it manages the funds. In general, Mirae AMC does not have the intention to participate directly or indirectly in the management of the companies but it will use its influence as a shareholder amongst others by exercising its voting rights in accordance with the best interests of its funds unit holders.

The exercise of voting rights requires the ongoing review of the corporate governance and performance of management of an issuer and the consideration of the potential impact of a vote on the value of the securities of the issuer held by the Funds. In order to discharge its obligations under this policy, Mirae AMC accesses and utilizes research on management performance and corporate governance issues, drawn from portfolio manager and analyst due diligence, information provided by leading independent research firms and involvement in organizations. In terms of the Securities and Exchange Board of India (“SEBI”) circular no. SEBI/ IMD/CIR No.18 /198647/ 2010 dated March 15, 2010 and clarificatory email received from SEBI on June 23, 2011, we have framed the general voting policy and procedures for exercising the voting rights (“Voting Policy”). This Voting Policy shall be applicable to all equity holdings across all our mutual fund schemes.

What does Voting right Mean?

Voting Right means, the right of a stockholder to vote on matters of corporate policy. Voting often involves decisions on issuing securities, initiating corporate actions and making substantial changes in the corporation’s operations such as the election of the company’s directors, merger/amalgamations, appointment of auditors, etc.

Equity mutual funds, and other mutual funds with an equity component, hold shares of companies. The funds are entitled to exercise the voting rights attached to those shares. The shareholders do not necessarily need to be physically present at the site of the company’s annual meeting / extra-ordinary general meeting in order to exercise their right to vote. It is common for shareholders to voice their vote by proxy.

Proxy Voting guidelines

Issuers’ proxies most frequently contain proposals to elect corporate directors, to appoint external auditors and set their compensation, to adopt or amend management compensation plans and to amend the capitalization of the company.

The Company shall exercise votes in the direction of improving the economic value of the portfolio and protecting the rights of the unitholders considering the following factors:

1. Protecting the rights of unitholders

2. Improving operating profits

3. Raising the intrinsic value of the Company

4. Improving the Company’s governance and financial structure.

These guidelines summarize the corporate governance principles which the MAMF will generally support through the exercise of votes on these issues.

1. boards of directors - Mirae AMC supports resolutions that promote the effectiveness of boards in acting in the best interests of shareholders. It generally votes in favour of the election of directors for boards having a majority of independent directors and an independent chair, where the chairs of all board committees and at least a majority of committee members are independent.

2. corporate governance matters – Mirae AMC support resolutions that change the state of incorporation, merger and other corporate restructuring which are in the interest of the unitholders. However, Mirae AMC will vote against resolutions pertaining to takeover by an acquirer, etc which are against the interest of the unit holder.

3. Auditors and Auditor compensation - Where all members of an issuer’s audit committee are independent, Mirae AMC will generally support the election of directors, the appointment of auditors and the approval of the recommended auditor compensation.

4. Management compensation - The goal of Mirae AMC is to support compensation arrangements that are tied to long-term corporate performance and shareholder value. These arrangements should induce management to purchase and hold equity in the company to better align management’s interests with those of shareholders. Stock option plans that are overly generous or excessively dilutive to other shareholders will not be supported.

5. changes in capitalization - Mirae AMC recognizes the need for management of an issuer to have flexibility in the issue or buyback of shares to meet changing financial conditions. Changes in capitalization will generally be supported where a reasonable need for the change is demonstrated, however changes resulting in excessive dilution of existing shareholder value will not be supported.

6. Social and corporate responsibility issues - Mirae AMC recognizes the need of role of government, demands for greater disclosures, increased investor education, environmental benefits, benefits to the community and the general public.


54

Other issues, including those business issues specific to the issuer or those raised by shareholders of the issuer, are addressed on a case-by-case basis with a focus on the potential impact of the vote on shareholder value. Mirae AMC reserves the right to vote against any resolution that goes against the interest of its unit holders.

Procedure for use of Proxy Voting guidelines

A decision to invest in an issuer is based in part on a fund manager’s analysis of the performance of management and the corporate governance of the issuer. Since a decision to invest is generally an endorsement of management of the issuer, Mirae AMC will generally vote with management on routine matters. However, since a fund manager must be focused on shareholder value on an ongoing basis, it is the responsibility of the fund manager to be aware of the potential investment implications of any issue on which security holders are asked to vote.

The Guidelines indicate the principles of corporate governance which the Funds will generally support through the exercise of proxy votes.

While Mirae AMC will generally vote the Funds’ proxies strictly in accordance with the Funds’ Proxy Voting Guidelines, there may be circumstances where it believes it is in the best interests of a Fund to vote differently than the manner contemplated by the Guidelines. The ultimate decision as to the manner in which the Funds’ proxies will be voted rests with Mirae AMC. The AMC shall abide by the following procedure for exercising the voting rights:

1. The Investment team shall examine and decide on AGMs/EGMs which have been submitted to its authority. If a consensus cannot be achieved, the final voting decision will be taken by the Chief Investment Officer.

2. In the interest of the investors of the fund and in order to avoid excessive voting costs and to ensure better efficiency, the Investment team shall analyze the Cost-Benefit analysis (CBA) between the voting costs involved in exercising voting vis-à-vis the benefit it may accrue to the investors. Such cases for which the benefit does not outweigh the cost differential, the AMC shall abstain to vote. Nevertheless, it may also decide to vote at meetings where it deems its participation important, even if the CBA is not in favour of exercising voting. (i.e. in the case of a contested AGM/EGM).

3. In most cases, the AMC exercises its funds’ voting rights by appointing an authorized agent (proxy). It may, however, if deemed necessary, be physically present at a meeting and vote in person.

4. Authorized Officials and/ or authorized representatives of Custodian of the Fund would submit voting instructions for General Meetings where the AMC chooses to vote i.e. either FOR or AGAINST.

5. The AMC may also abstain from voting for certain proposals of the Investee Companies depending on various criteria and judgment.

Proxy Voting records

In this section, you can find out how voting rights were exercised on behalf of the Mirae AMC that held voting securities. Disclosure of exercise of proxy votes in equity holdings across all schemes of the Fund shall be accessible on our website. The same would also be disclosed in the annual report from the financial year 2010-11 onwards.

conflict of interest provision

Voting is exercised in the exclusive interest of holders. All votes are centralized, which ensures uniformity and adherence to the aforementioned principles. The strict separation of Mirae AMC’s asset management activities from other activities within the Mirae Asset Financial Group prevents access of the asset management company to insider and price sensitive information for which use and/or disclosure of such information could generate conflicts of interest.

The parent of the AMC is a global investment manager and has various offices around the world. Hence, the investment manager is an affiliate of many diversified financial organization across the globe, however the investment manager is a stand-alone entity in India. Any financial transaction, where:

i) The investment is made into group companies of the AMC, or

ii) The investee companies have subscribed to the units of their schemes, may lead to conflict of interest.

Generally, the AMC shall abstain to vote for any matters connected with the above. However, the AMC will make its best efforts to avoid any conflicts and ensure that any conflicts of interest are resolved in the best interest of the unit-holders.

Additionally, Mirae AMC has implemented an organization, procedures and appropriate controls and monitoring routines in order to prevent conflict of interest.

review and control process

1. On analysis of AGM/EGM resolutions, if any conflict of interest is identified with the AMC’s voting policy, then the same shall be alerted to the Chief Investment Officer.

2. The AMC shall be responsible for maintaining records for votes cast and abstentions, proxy statements and any other relevant record in this regard.

3. All the voting rights exercised/abstentions in the previous month shall be reported to the Investment committee meeting in the next month.

4. Every record, including the voting statements, abstentions shall be retained for audit purpose.

5. The process of exercise of proxy votes as listed above shall be reviewed by the AMC, from time to time.

* - The above listed Voting Policy of Mirae Asset Mutual Fund was approved by the Board of Directors of Mirae Asset Trustee Company Private Limited on 6th April, 2010 and as per the clarifications received from SEBI was later modified in their meeting held on June 27, 2011.

55

MirAe ASSet MUtUAl FUnd

disclosure of exercise of Voting rights in equity holdings across all schemes of Mirae Asset Mutual Fund

Management/ Shareholders Proposals

Sr. no.

date of meeting

name of the company

type of Meeting

(AgM / egM)

Proposal Management recommendation

Vote (For / Against

/ not attended)

1 25.5.10 ZIJIN MINING GROUP CO

AGM 1. To consider and approve the remunerations of the Directors and Supervisors of the Company for the year ended 31st December, 2009

2. To consider and authorize the Board of Directors to make the donation decision.

The management is in favour of all the resolutions.

Not attended

2 28.5.10 Dr. Reddy’s Laboratories Ltd

COURT CONVENED MEETING

To approve the scheme of arrangement, with or without modification proposed to be made between the applicant company and its members for the issue of unsecured, redeemable, non convertible, fully paid bonus debentures of the applicant company from its General reserves to its members.

The management is in favour of scheme of arrangement.

For

3 08.06.10 Fushan Intl Energy Group

AGM 1. To approve the re-election of Directors

2. To authorise the board of directors to fix the directors’ remuneration for the year ending 31 December 2010 and all subsequent years


Not attended

4 10.6.10 Beijing Ent Hldgs Ltd

AGM To approve the re-election of Directors and to authorise the board of directors to fix the directors’ remuneration.

The management is in favour of the resolutions.

Not attended

5 18.06.10 China National Building Material Company Limited

AGM 1. To consider and approve the continuation of appointment of Vocation International Certified Public Accountants Co. Ltd.

2. For the purpose of increasing flexibility and efficiency in operation, to give a general mandate to the Board to allot, issue and deal with additional domestic shares in issue.


Not attended

6 21.6.10 ICICI Bank Ltd EGM To approve the scheme of amalgamation. The management is in favour of scheme of amalgamation.

For

7 24.6.10 Bata India Ltd Postal Ballot To approve creation of mortgage or charge on new scheduled premises.

The management is in favour of creation of mortgage on new scheduled premises.

For

8 28.6.10 ICICI Bank Ltd AGM To appoint director in place of director who retires by rotation.

The management is in favour of appointment of the said directors.

For

9 29.06.10 GVK Power and Infra. Ltd

Postal Ballot To approve the transfer of investments made by the company to its wholly owned subsidiary.

The management is in favour of transfer of Investment made by the company to its wholly owned subsidiary.

For

10 03.07.10 Jindal South West Holdings Ltd

AGM To appoint director in place of director who retires by rotation.


Not attended

11 14.07.10 HDFC AGM To appoint director in place of director who retires by rotation.


Not attended

12 19.07.10 Crompton Greaves Ltd.

AGM To approve:-

1. Re-appointment of director retiring by rotation,

2. Appointment of Directors,

3. Commission to Non-executive Directors


Not attended

13 19.07.10 Sesa Goa Limited

AGM To approve:-

Re-appointment of director retiring by rotation,


Not attended

14 20.07.10 Zee Entertainment Enterprises Limited

Court Convened Meeting

To approve the scheme of amalgamation. The management is in favour of scheme of amalgamation.

For

15 20.07.10 Persistent Systems Ltd

AGM To approve:-



Not attended


56

16 20.07.10 Hindustan Unilever Ltd

Postal Ballot To approve buy back of Equity shares by a company upto 25% of the total paid up capital.

The management is in favour of buy back of equity shares.

For

17 22.07.10 Usha Martin Limited

AGM To approve:-




Not attended

18 22.07.10 Wipro Limited AGM To approve:-



Not attended

19 22.07.10 Bajaj Auto Limited

AGM To approve:-




Not attended

20 23.07.10 Mahindra and Mahindra Financial Services Ltd

AGM To approve:-




Not attended

21 27.07.10 Titan Industries Limited

AGM To approve:-




Not attended

22 27.07.10 Television Eighteen India Ltd

AGM To approve Re-appointment of Director The management is in favour of the resolutions.

Not attended

23 28.07.10 Lupin Limited AGM To approve,




Not attended

24 29.07.10 The Great Eastern Shipping Co. Ltd

AGM To approve:-




Not attended

25 29.07.10 Amara Raja Batteries Ltd

AGM To approve:-




Not attended

26 30.07.10 Dishman Pharmaceuticals and Chemicals Limited.

AGM To approve:-




Not attended

27 31.07.10 Torrent Power Ltd

AGM To appoint director in place of director who retire by rotation.


For

28 02.08.10 Punj Lloyd Ltd AGM To approve:-



3. The postal ballot process


Not attended

29 02.08.10 Godawari Power And Ispat Limited

Court Convened Meeting

To approve the scheme of amalgamation The management is in favour of the scheme of amalgamation.

Not attended

30 6.08.10 Tata Motors Ltd Postal ballot To Approve:-

1. Raising additional long term resources,

2. Issuance of ‘A’ ordinary shares on exercise of conversion option by holders of Zero coupon Convertible Alternative Reference Securities (CARS)

3. Increasing the borrowing limits,

4. Creation of charge on company’s properties, Payment of Advisory fees


Not attended

31 6.08.10 Aditya Birla Nuvo Ltd

AGM 1. To appoint director in place of director who retires by rotation.

2. To regularise the appointment of additional director.


For

32 9.08.10 Tata Chemicals AGM 1. To appoint director in place of director who retires by rotation,

2. To consider the appointment of director.


For

57

33 11.8.10 Bombay Dyeing and Mfg. Co. Ltd

AGM 1. To appoint director in place of director who retires by rotation,

2. To consider the appointment of Whole time director as the Joint Managing Director,

3. To consider the distribution of the profits of the company among the Directors of the company, computed in the manner laid down in section 198 of the Companies Act, 1956.


For

34 13.08.10 Tata Steel Limited


2. To consider the appointment of managing director.

3. To consider the appointment of Branch Auditor,


Not attended

35 13.8.10 Divis Laboratories Limited

AGM To appoint director in place of director who retires by rotation


For

36 21.08.10 Dish TV India Limited

Postal Ballot 1. To approve the alteration of Articles of Association

2. To approve the alteration of other object clause of the MOA


Not attended

37 23.08.10 Siyaram Silk Mills Limited

AGM To appoint director in place of director who retires by rotation,


Not attended

38 26.08.10 Motherson Sumi Systems Ltd



Not attended

39 26.08.10 Larsen and Toubro Limited



Not attended

40 26.08.10 JSW Steel Ltd EGM To authorize the Board to create, offer, issue, and allot either shares or fully convertible shares.


Not attended

41 27.08.10 TVS Motor Company Limited

Postal ballot To approve the :-

1. Increasing the authorized share capital of the company

2. Issue of Bonus shares


Not attended

42 28.08.10 Bajaj Auto Limited

Postal Ballot To approve:-

1. Increasing the Authorised Capital of the Company,

2. Issue of Bonus shares,

3. Amendment of Articles of Association,

4. Increase in limit of inter-corporate loans and investments.


Not attended

43 1.09.10 Tata Motors AGM 1. To appoint director in place of director who retires by rotation,

2. To appoint CEO and MD.


Not attended

44 1.09.10 Bharti Airtel Limited


2. Consent to appoint of Mr. Shravin Mittal as an employee in a subsidiary company,

3. Payment of commission to Non-Executive directors of the company.


Not attended

45 3.09.10 Hindalco AGM 1. To appoint director in place of director who retires by rotation,

2. To create charge.


Not attended

46 8.09.10 Tata Power AGM 1. To appoint director in place of director who retires by rotation,

2. To appoint branch Auditor.


Not attended

47 8.09.10 Rural Electrification Corporation Limited


2. To increase the borrowing limit of the Company.

3. To create charge,

4. To appoint Vice Chairman/ Managing Director who liable to retires by rotation,

5. Appointment of Director who are liable to retires by rotation,


Not attended

48 10.09.10 EIH ltd. Postal Ballot Approval for holding and continuing to hold office or place of profit under the Companies Act by the Executive Director.


Not attended


58

49 16.9.10 Hindustan Petroleum Corporation Ltd FV10

AGM To approve following items in the agenda:-

1. To appoint director in place of director who retires by rotation.


Not attended

50 16.09.10 Hindustan Petroleum Corporation Ltd.


2. Appointment of additional director.


Not attended

51 17.9.10 Bharat Heavy Electricals Ltd.


2. Regularize the appointment of additional director.


Not attended

52 17.09.10 Jindal Saw Limited



Not attended

53 17.9.10 Bharat Heavy Electricals Limited



Not attended

54 18.9.10 Gujarat Industries Power Co. Ltd



Not attended

55 18.9.10 Mahindra & Mahindra Financial Services Ltd

Postal Ballot To approve the special resolution for exercise of Employee Stock Option Scheme (ESOP).


For

56 20.9.10 Gateway Distriparks Ltd



Not attended

57 21.9.10 Jaiprakash Associates Ltd



Not attended

58 21.9.10 Gujarat State Petronet Limited


2. To fix remuneration of Statutory Auditors of the Company in terms of the provisions of Section 224 (8) (aa) of the Companies Act, 1956.


Not attended

59 22.09.10 GAIL India Limited


2. Regularize the appointment of additional director.


Not attended

60 23.9.10 Aurobindo Pharma Ltd FV RS.5(NEW)



Not attended

61 23.09.10 Oil and Natural Gas Corporation Ltd


2. The appointment of additional Secretary


Not attended

62 24.09.10 Gujarat Apollo Industries Ltd

AGM To appoint director in place of director who retires by rotation, 5. To appoint Whole Time Director


Not attended

63 24.9.10 Aban Offshore Ltd



Not attended

64 24.09.10 Godrej Industries Limited

Postal ballot To approve the investment under Section 372 (A) The management is in favour of the resolutions.

Not attended

65 24.09.10 Power Grid Corporation of India Limited



Not attended

65 25.9.10 Godawari Power and Ispat Limited


2. To regularise the appointment of additional directors,

3. To consider the appointment of Whole time director as the Joint Managing Director,

4. To consider the distribution of the profits of the company among the Directors of the company, computed in the manner laid down in section 198 of the Companies Act, 1956.


For

66 28.09.10 Jindal Steel and Power Ltd



Not attended

67 6.10.10 Power Grid Corporation of India Limited

Postal ballot To approve the Equity Funding The management is in favour of the resolutions.

Not attended

59

68 26.10.10 IBN 18 Broadcast Limited

Postal Ballot 1. Give guarantee or provide security in connection with a loan made by any person to, or to any other person,

2. Reappointment of Joint Managing Director of the Company on the fresh terms.


For

69 28.10.10 Gujarat Mineral Development Corporation Limited

AGM To appoint Auditor and fix their remuneration. The management is in favour of the resolutions.

Not attended

70 28.10.10 Mercator Lines Ltd

EOGM 1. Authorising Board to create, offer, issue, and allot warrants in one or more tranches, on private placement/ preferential basis,

2. Authorising Board to create, offer, issue, and allot Equity Stock Option to its eligible present and future employees and Directors,

3. Authorising Board to extent the benefits of Employee Stock Option Scheme 2010 to its eligible present and future employees and Directors,

4. Authorising board to appoint the “Business Associate” to hold an office of profit in the company.


For

71 29.10.10 Zee Entertainment Enterprises Ltd



For

72 24.11.10 CNOOC Limited EGM Approve the Non-exempt Continuing Connected Transactions.


Not attended

73 11.12.10 Gujarat NRE Coke Limited

Postal Ballot 1. To consider & approve the issuance of Securities (including Foreign Currency Convertible Bonds),

2. To consider & approve the issuance of Convertible Warrants to Promoters/ Promoters Group Companies on a Private Placement/ Preferential Basis,

3. To consider & approve the investment/ loan and/ or give guarantee/ security in excess of limits under Section 372A of Companies Act, 1956.


For

74 17.12.10 Fushan Intl Energy Group

EGM To approve the supply of products, side products, raw material, materials, fuel, energy, mechanical equipment, spare parts, accessories, tools, fixed assets, provison of construction and/ or other services and leasing of properties.


Not attended

75 30.12.10 China National Building Material Company Limited

EGM To consider and approve the amendments to the Articles of Association of the Company


Not attended

76 24.01.11 Oil And Natural Gas Corporation Limited

Postal Ballot 1. Sub division of the Equity Shares of the Company including the paid up shares of the face value of the Rs.10/- each and consequently,

2. Amendment of Memorandum of Association of the Company,

3. Amendment of Articles of Association of the Company,

4. Issuance of Bonus Shares.


For

77 18.02.11 Yanzhou Coal Mining

EGM 1. Appointment of International Auditor of the Company,

2. Amendment in the Articles of Association of the Company.

3. Amendment to the rules of procedures for the shareholders meeting


Not attended

78 29.3.11 Shree Renuka Sugars Limited



For

Abbrevations used :-MAIOF – Mirae Asset India Opportunities Fund MAGCSF – Mirae Asset Global Commodity Stocks Fund

MAEBF – Mirae Asset Emerging Bluechip Fund MAICCF - Mirae Asset India-China Consumption Fund

AGM – Annual General Meeting EGM – Extra-Ordinary General Meeting


60

REDRESSAL OF COMPLAINTS RECEIVED AGAINST MIRAE ASSET MUTUAL FUND DURING THE YEAR 2010-11:No. of Folios as on March 31, 2011 : 52894

Complaint code

Type of complaint# (a) No. of complaints pending at

the beginning of the year

Action on (a) and (b)

(b) No of complaints

received during the

year

Resolved Non Actionable*

Pending

Within 30 days

30- 60 days

60-180 days

Beyond 180

days

0-3 months

3-6 months

6-9 months

9-12 months

I A Non receipt of Dividend on Units

0 32 32 0 0 0 0 0 0 0 0

I B Interest on delayed payment of Dividend

0 0 0 0 0 0 0 0 0 0 0

I C Non receipt of Redemption Proceeds

0 22 22 0 0 0 0 0 0 0 0

I D Interest on delayed payment of Redemption

0 0 0 0 0 0 0 0 0 0 0

II A Non receipt of Statement of Account /Unit Certificate

0 4 4 0 0 0 0 0 0 0 0

II B Discrepancy in Statement of Account

0 0 0 0 0 0 0 0 0 0 0

II C Non receipt of Annual Report/Abridged Summary

0 0 0 0 0 0 0 0 0 0 0

III A Wrong switch between Schemes

0 0 0 0 0 0 0 0 0 0 0

III B Unauthorized switch between Schemes

0 0 0 0 0 0 0 0 0 0 0

III C Deviation from Scheme attributes

0 0 0 0 0 0 0 0 0 0 0

III D Wrong or Excess charges/load

0 2 2 0 0 0 0 0 0 0 0

III E Non updation of changes viz. address, PAN, bank details, nomination, etc

0 0 0 0 0 0 0 0 0 0 0

IV Others 0 1 1 0 0 0 0 0 0 0 0

TOTAL 0 61 61 0 0 0 0 0 0 0 0

# including against its authorized persons/ distributors/ employees. etc.*Non actionable means the complaint that are incomplete / outside the scope of the mutual fund

Annexure II

61

Addendums to the scheme InformAtIon documents (sId’s) And stAtement of AddItIonAl InformAtIon (sAI) durInG the fInAncIAl YeAr 2010 - 2011.

1. notIce cum Addendum – dated 7th April, 2010Notice is hereby given that Dr. Manoj Vaish has ceased to be a Director from the Board of Mirae Asset Global Investments (India) Private Limited (“AMC”) with effect from March 31, 2010.All references pertaining to Dr. Manoj Vaish in the Statement of Additional Information (SAI) stands deleted.

2. notIce cum Addendum – dated 5th may, 2010NOTICE is hereby given that the Trustees of Mirae Asset Mutual Fund (“the Fund”) have notified the following changes:Ms. Shefali Suri – Head – Human Resource has resigned from the AMC and has ceased to be the Key Personnel of AMC w.e.f. 30th April, 2010.All references to Ms. Shefali Suri in the Statement of Additional Information (SAI) stands deleted.

3. notIce cum Addendum – dated 21st June, 2010NOTICE is hereby given that the Trustees of Mirae Asset Mutual Fund (“the Fund”) have notified the following changes:Changes in the Key Personnel of Mirae Asset Global Investments (India) Private Limited (AMC):-(I) Mr. Vinay Goel – Equity Dealer has resigned and ceased to be the Key Personnel of AMC w.e.f. 15th June, 2010. All references to Mr. Vinay Goel in the Statement of Additional Information (SAI) stands deleted.(II) Mr. Nirman Morakhia, Quantitative Analyst has been appointed as the Equity Dealer and is being designated as Key Personnel of

the AMC w.e.f. 15th June, 2010. Consequently, the details under the paragraph “KEY EMPLOYEES OF THE AMC” and “DEALERS” in the Statement of Additional

Information (SAI) of Mirae Asset Mutual Fund stands amended as given below:

name designation / Years of experience

Qualifications / Age experience & Background (during last 10 years)

Mr. Nirman Morakhia Equity Dealer / 3 ½ years

B.M.S., MBA-Financial Markets /

25 years

He has over 3 and half years of experience in the field of Equity Research & Investments. He has been associated with the AMC as a Quantitative Analyst from November, 2007. Prior to this assignment, Mr. Nirman was a Research Analyst with Amit Nalin Securities Ltd. and Latin Manharlal Securities Ltd. Prior to that; he has also worked with Motilal Oswal Securities Ltd.

This addendum forms an integral part of the Statement of Additional Information (SAI), as amended from time to time.

4. notIce cum Addendum – dated 8th July, 2010NOTICE is hereby given that the Trustees of Mirae Asset Mutual Fund (“the Fund”) have notified the following changes:A. change in the composition of Board of directors of trustee company: (I) Mr. Nihar Jambusaria – Independent Director has ceased to be a Director from the Board of Mirae Asset Trustee Company

Private Limited with effect from June 29, 2010. Consequently, all the references pertaining to Mr. Nihar Jambusaria under the heading “detAIls of trustee dIrectors”

in the Statement of Additional Information (SAI) of Mirae Asset Mutual Fund stands deleted. (II) Mr. M. L. Soneji has been appointed as an Additional Director - Independent on the Board of Mirae Asset Trustee Company

Private Limited with effect from June 29, 2010. Thus, the following table under the heading “details of trustee directors” in the Statement of Additional Information (SAI)

of Mirae Asset Mutual Fund is incorporated as under:

name Qualifications / Age experience & Background (during last 10 years)Mr. Mahesh. L. Soneji(Additional Director -Independent)

FCS, M.S. in Law (Commercial Laws), Diploma in Taxation Laws and Practice, Diploma in Financial Management / 59 years

Mr. M. L. Soneji is a fellow member of Institute of Company Secretaries of India and has overall 13 years of experience in the field of financial service industry. Mr. M. L. Soneji is currently associated with National Institute of Securities Markets as a Registrar, established by SEBI, for imparting education, training and research in the areas of securities markets, since December 2009. Mr. Soneji has worked in senior positions with various exchanges like Bombay Stock Exchange Ltd as Managing Director & CEO and Sr. Vice President with the National Stock Exchange Limited. Mr. Soneji has also worked with National Securities Clearing Corporation Ltd as a Director and was responsible for Clearing House operations of National Stock Exchange for about 2 years.


62

B. change in the composition of Board of directors of Amc: (I) Dr. Tuck Chung Lee – Associate Director has ceased to be a Director from the Board of Mirae Asset Global Investments

(India) Private Limited (“AMC”) with effect from June 21, 2010. Consequently, all the references pertaining to Dr. Tuck Chung Lee under the heading “Details of AMC Directors” in the

Statement of Additional Information (SAI) of Mirae Asset Mutual Fund stands deleted. (II) Mr. Cheon Woong Park has been appointed as an Additional Director - Associate on the Board of Mirae Asset Global

Investments (India) Private Limited (“AMC”) with effect from June 29, 2010. (III) Mr. Nihar Jambusaria has been appointed as an Additional Director - Independent on the Board of Mirae Asset Global

Investments (India) Private Limited (“AMC”) with effect from June 29, 2010. Thus, the following tables under the heading “Details of AMC Directors” in the Statement of Additional Information (SAI) of

Mirae Asset Mutual Fund are incorporated as under:

name Qualifications / Age experience & Background (during last 10 years)Mr. Cheon Woong Park(Additional Director - Associate)

M.B.A. ,U.S,Masters in Economics, Korea / 48 years

Mr. Park is the International Chief Marketing Officer at Mirae Asset Global Investments Company Limited. He is responsible for mar-keting operations across the Asia-Pacific region, including both in-bound and out-bound marketing, while supporting global marketing efforts within the capacity as the Head of International Marketing.He joined Mirae Asset in February 2010 after stints at major invest-ment houses across various financial capitals around the world, including New York, London, Hong Kong and Singapore. Prior to joining Mirae Asset, he worked at Woori Investment and Securities as Head of Equity and Overseas Business, leading the company’s international sales and overseas business efforts. He also worked with Morgan Stanley, Seoul as Head of Research and as a strate-gist and at Merrill Lynch Investment Managers (MLIM) as an Asia-Pacific portfolio manager from Singapore and London. He has also managed a couple of Korea country funds in New York and Hong Kong.

Mr. Nihar Jambusaria(Additional Director -Independent)

B.Com., F.C.A./ 50 years

Mr. Nihar Jambusaria is a practicing Chartered Accountant and has his own chartered accountancy firm, N.N. Jambusaria & Co. He is currently associated with BDO Consulting Pvt. Ltd, as a National Leader, Heading Tax Division from December 2008.He is also the Head of the Department of Accountancy & Financial Management and a part-time faculty at D.T.S.S. College of Com-merce, Mumbai. He was elected as Chairman of the Western India Regional Council (Institute of Chartered Accountants of India) for two consecutive terms – 2001-2003 and 2004- 2007.He is also a director on the following company :Sunshine Housing Development Private Limited.

c. change in the Key Personnel of mirae Asset Global Investments (India) Private limited (Amc):- Ms. Surbhi Shweta has been appointed as the Head – Human Resource and is being designated as Key Personnel of the AMC

w.e.f. 29th June, 2010. Consequently, the details under the paragraph “KEY EMPLOYEES OF THE AMC” in the Statement of Additional Information

(SAI) of Mirae Asset Mutual Fund stands amended as given below:

name designation / Years of experience

Qualifications / Age

experience & Background (during last 10 years)

Ms. Surbhi Shweta

Head – Human Resource / 9 years

Masters in Personnel Management / 32 years

Ms. Surbhi has over 9 years of experience in the field of Human Resources. She was associated with JM Financial Asset Management Pvt. Ltd as Sr. Manager - Human Resources and was responsible for recruitment, performance appraisal and training & development. Prior to that assignment, Ms. Surbhi was an Assistant Manager-Human Resources at Reliance Mutual Fund. Prior to that she has also worked with EXL Services Pvt. Ltd as a Graduate Trainee.

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d. Change in Exit Load structure of Mirae Asset China Advantage Fund (MACAF): The Trustee Company to Mirae Asset Mutual Fund has decided to change the exit load structure for all the Plans / options of

Mirae Asset China Advantage Fund (MACAF), an open ended fund of funds scheme. The details of the revised load structure are as follows:

revised exit load structure for mAcAf

for each redemption type Load (% of Applicable NAV)Any Amount (Including systematic Withdrawal Plan/ systematic Investment Plan/ systematic transfer Plan applications)Redemption within 1 year (365 days) from the date of allotment 1.00%Redemption after 1 year (365 days) from the date of allotment NIL

The aforesaid changes will be applicable on a prospective basis in respect of investments made in MACAF from 12th July 2010.

The Trustee reserves the right to change / modify the load structure at a later date on prospective basis. This notice cum addendum forms an integral part of the Scheme Information Document and Key Information Memorandum of

Mirae Asset China Advantage Fund (MACAF) & Statement of Additional Information (SAI) issued from time to time. All other terms & conditions of the Scheme will remain unchanged.

5. notIce cum Addendum – dated 27th July, 2010notIce Is hereBY GIVen thAt the Investor(s) who have provided their email address in the application form or any subsequent communication in any of the folio belonging to the investor, Electronic Mail (email) shall be treated as a default mode for sending various statutory communications including Abridged Annual Report to the investor.The investor(s) may however on request obtain a physical copy of Abridged Annual Report or any other statutory communication. The same is also available on AMC website www.miraeassetmf.co.in.All other features and terms and conditions of the Schemes shall remain unchanged.

6. notIce cum Addendum – dated 20th August, 2010change in the fundamental Attribute of mirae Asset china Advantage fund (mAcAf):-notIce Is hereBY GIVen thAt pursuant to SEBI gazette notification No. LAD-NRO/ GN/2010-11/13/13945 dated July 29, 2010 & SEBI Circular no. Cir / IMD / DF / 8 / 2010 dated August 6, 2010, for amendment in the SEBI (Mutual Funds) Regulations, 1996, pertaining to change in the total expense structure relating to Fund of Funds scheme, the Trustees of Mirae Asset Mutual Fund have approved the following revision in the expense structure for Mirae Asset China Advantage Fund:“The total recurring expenses of the Mirae Asset China Advantage Fund (MACAF) including the management fees shall be:- (A) management fees for the scheme not exceeding 0.75% of the daily or weekly average net assets; (B) other expenses relating to administration of the scheme; and (C) charges levied by the underlying schemes: Provided that the sum total of (A), (B) and the weighted average of the total expense ratio of the underlying schemes shall not

exceed 2.50% of the daily or weekly average net assets of the scheme. Thus, the total recurring expenses of Mirae Asset China Advantage Fund on an annual basis, which shall be charged to the

scheme, are estimated to be as follows (each as a percentage of per annum of the daily average net assets):

Particulars % p.a. of daily average net

assetsInvestment Management & Advisory Fee 0.75Custodial Fees 0.01Registrar & Transfer Agent Fees including cost related to providing accounts statement, dividend/redemption cheques/warrants etc. 0.05Marketing & Selling Expenses including Agents Commission and statutory advertisement/ cost related to investor communications 0.07Brokerage & Transaction Cost pertaining to the distribution of units 0.55Audit Fees / Fees and expenses of trustees 0.02Costs related to investor communications 0.04Costs of fund transfer from location to location 0.005Charges levied by the underlying scheme i.e. Mirae Asset China Sector Leader Equity Fund (MACSLEF) or any other underlying scheme 1.00Other Expenses* 0.005total recurring expenses 2.50


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As per the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 any change in the aggregate fees and expenses charged to the scheme amounts to a change in the fundamental attribute of the scheme. Accordingly, as per Regulation 18(15A) of the said regulation, in case an investor does not wish to continue to hold units in view of the said changes, he / she / it will have the option to exit the said schemes / plan at the prevailing NAV, without any exit load. The said exit option can be availed between September 1, 2010 to September 30, 2010 (both days inclusive). The aforesaid exit option will be available for all the investors of the schemes / plan as on August 30, 2010. All transaction requests received on or after October 1, 2010, will be subject to load and the revised expense structure, as may be prevailing in the respective Scheme / plan mentioned above. It may be noted that the offer to exit is merely an option and is not compulsory. Please note that redemption request may be submitted to any of the Offices of the AMC or the Karvy Investor Service Centers. Such exit option will not be available to unitholders whose units have been pledged and Mutual Fund has been instructed to mark a lien on such units and the release of the pledge is not obtained and appropriately communicated to Mutual Fund prior to applying for redemption.

All the remaining terms & conditions (including the risk factors) of the Scheme Information Document of the scheme / plan, remain unchanged.

This addendum forms an integral part of the Scheme Information Document/ Key Information Memorandum of the Mirae Asset China Advantage Fund read together with the addenda issued thereunder.

7. notIce cum Addendum – dated 27th August, 2010notIce is hereby given that the Trustees of Mirae Asset Mutual Fund (“the Fund”) have notified the following changes:changes in the Key Personnel of mirae Asset Global Investments (India) Private limited (Amc):-(I) Mr. Marzban Irani – Sr. Fund Manager (Fixed Income) has ceased to be the Key Personnel & Fund Manager of MALF, MAUSTBF,

MACMF, MAGF-IP & SP & MASTBF w.e.f. 27th August, 2010. All references to Mr. Marzban Irani in the Scheme Information Document(s) / Key Information Memorandum(s) of MALF, MAUSTBF,

MACMF, MAGF-IP & SP & MASTBF and Statement of Additional Information (SAI) stands deleted.(II) Mr. Gopal Agrawal, Head of Equity and Mr. Neelesh Surana, Sr. Fund Manager (Equity) have been designated as the Co-Fund

Managers for MALF, MAUSTBF, MACMF, MAGF-IP & SP & MASTBF, fixed income schemes of Mirae Asset Mutual Fund w.e.f. 27th August, 2010.

The other schemes being co-managed by Mr. Gopal Agrawal, Head of Equity and Mr. Neelesh Surana, Sr. Fund Manager (Equity) are Mirae Asset India Opportunities Fund, Mirae Asset Global Commodity Stocks Fund, Mirae Asset China Advantage Fund & Mirae Asset Emerging Bluechip Fund.

Consequently, the details under the paragraph “KEY EMPLOYEES OF THE AMC” and “FUND MANAGERS” in the Statement of Additional Information (SAI) of Mirae Asset Mutual Fund stands amended accordingly.

This addendum forms an integral part of the Scheme Information Document(s) / Key Information Memorandum(s) of MALF, MAUSTBF, MACMF, MAGF-IP & SP & MASTBF & Statement of Additional Information (SAI), as amended from time to time.

All other terms & conditions of the abovementioned SIDs & SAI will remain unchanged.

8. notIce cum Addendum – dated 28th september, 2010A. notice for declaration of dividend under mirae Asset short term Bond fund - regular Plan – dividend option – Quarterly

dividend: The Trustees of Mirae Asset Mutual Fund have approved the declaration of following dividend under the Dividend Option of the

Scheme mentioned below, with October 4, 2010 as the Record date:

scheme name Plan / option nAV* as on september 27,

2010 (rs.)

**net dividend per unit (rs.)

record date face Value (Per unit)

Mirae Asset Short Term Bond Fund

Regular Plan – Dividend Option – Quarterly Dividend Rs. 10.2986/- 0.2196 October 4, 2010 Rs. 10.00/-

*Pursuant to the payment of dividend, the nAV of the aforementioned option under the scheme would fall to the extent of payout and statutory levy, if any.

**The above declaration of dividend will be subject to availability of distributable surplus in the scheme on the Record Date. Past performance may or may not be sustained in the future and should not be used as a basis of comparison with other

investments. All unit holders under the Dividend Sub-Option of the above mentioned scheme, whose names appear in the register of unit holders

as on the close of 4th October, 2010 will be entitled to receive dividend.B. this notice cum addendum sets out the changes to be made in all the scheme Information documents (sIds) & statement

of Additional Information (sAI) of mirae Asset mutual fund: The Trustees of Mirae Asset Mutual Fund (“the Fund”) have notified the following changes: I. Know Your customer (KYc) requirements for certain category of investors: In line with the revised AMFI Guidelines & Pursuant to implementation of Know Your Customer (KYC) Compliance requirements

under the Prevention of Money Laundering Act, 2002, on and from october 1, 2010, it will be mandatory for following categories

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of investors to provide attested / certified copy of ‘Know Your Customer’ Acknowledgement (“KYC Acknowledgement”) issued by CDSL Ventures Limited (CVL) for all fresh investment transactions (Purchase, Switch-in, Systematic Investment Plans, Systematic Transfer Plans, etc.) irrespective of the amount of investment:

All non-individual investors i.e. Hindu Undivided Family (HUF), Partnership Firms, Companies, Bodies Corporate, Public Sector Undertakings (PSUs), Association of Persons (AOP), Bodies of Individuals (BOI), Banks, Financial Institutions, Societies, Trusts, Foreign Institutional Investors (FIIs) etc.;

Non Residential Indians (NRIs) (Including Persons of Indian Origin (PIOs); and Investors (individuals and non-individuals) investing through the Channel Distributors* (Channel Investors). *Channel Distributors are those distributors who have an arrangement with the AMC pursuant to which they submit the mutual

fund transactions details (viz. commercial / non-commercial transactions, other requests etc.) of their clients electronically to AMC.

The above category of investors for the purpose of KYC Compliance shall include (a) their constituted Power of Attorney (PoA) holder in case of investments through a PoA; (b) each of the applicants in case of investments in joint names; and (c) guardian in case of investments on behalf of minor.

The above change shall be effective from October 1, 2010 and shall be applicable in respect of all investments made on or after October 1, 2010. Accordingly, all references to the above provisions in Statement of Additional Information / Key Information Memorandum(s) of the Schemes shall stand modified with effect from October 1, 2010.

Please note that the aforesaid requirement of KYc Acknowledgement shall be mandatory for all fresh investments made on or after october 1, 2010 irrespective of the amount of investment. Applications without KYc Acknowledgement are liable to be rejected.

II. Investments in derivatives: In accordance with SEBI Circular dated August 18, 2010, the following clauses shall stand inserted under the para titled “What

are the Investment Restrictions” in the Scheme Information Documents of the schemes as indicated below:

sr. no.

mirae Asset India opportunities fund (mAIof), mirae Asset Global commodity stocks fund (mAGcsf) & mirae Asset emerging Bluechip fund (mAeBf).

mirae Asset liquid fund (mAlf), mirae Asset cash man-agement fund (mAcmf), mirae Asset ultra short term Bond fund (mAustBf), mirae Asset short term Bond fund (mAstBf) & mirae Asset GIlt fund – Investment Plan & savings Plan (mAGf-IP & sP)

1 The cumulative gross exposure through equity, debt and derivative positions will not exceed 100% of the net assets of the scheme. However, cash or cash equivalents with residual maturity of less than 91 days shall be treated as not creating any exposure.

The cumulative gross exposure through debt and derivative positions will not exceed 100% of the net assets of the scheme. However, cash or cash equivalents with residual maturity of less than 91 days shall be treated as not creating any expo-sure.

2 The Scheme shall not write options or purchase instruments with embedded written options.

3 The total exposure related to option premium paid shall not exceed 20% of the net assets of the scheme.

4 Exposure due to hedging positions may not be included in the above mentioned limits subject to the following:a. Hedging positions are the derivative positions that reduce possible losses on an existing position in securities and

till the existing position remains.b. Hedging positions shall not be taken for existing derivative positions. Exposure due to such positions shall be

added and treated under gross cumulative exposure limits mentioned under Point 1.c. Any derivative instrument used to hedge shall have the same underlying security as the existing position being

hedged.d. The quantity of underlying associated with the derivative position taken for hedging purposes shall not exceed the

quantity of the existing position against which hedge has been taken.

5 The Scheme may enter into plain vanilla interest rate swaps for hedging purposes. The counter party in such trans-actions shall be an entity recognized as a market maker by RBI. Further, the value of the notional principal in such cases shall not exceed the value of respective existing assets being hedged by the scheme. Exposure to a single counterparty in such transactions shall not exceed 10% of the net assets of the scheme.

6 Exposure due to derivative positions taken for hedging purposes in excess of the underlying position against which the hedging position has been taken, shall be treated under gross cumulative exposure limits mentioned under Point 1.


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7 Each position taken in derivatives shall have an associated exposure as defined below. Exposure is the maximum possible loss that may occur on a position. However, certain derivative positions may theoretically have unlimited possible loss. Exposure in derivative positions shall be computed as follows:

Position exposureLong Future Futures Price * Lot Size * Number of Contracts

Short Future Futures Price * Lot Size * Number of Contracts

Option bought Option Premium Paid * Lot Size * Number of Contracts

8 Derivatives transactions shall be disclosed in the half-yearly portfolio / annual report of the schemes in line with re-quirements under SEBI Regulations.

The above provisions shall come into effect from October 1, 2010. III. changes in the Key Personnel of mirae Asset Global Investments (India) Private limited (Amc):- (a) Mr. Rajesh Malhani ceases to be the ‘Head – Offshore Advisory’ of the AMC w.e.f. 4th October, 2010. All references to Mr. Rajesh Malhani under the paragraph “OFFSHORE ADVISORY” in the SAI stands deleted. (b) Mr. Abhijeet Dakshikar ceases to be the “Fund Manager – Overseas Investments” of Mirae Asset Global Commodity

Stocks Fund w.e.f 4th October, 2010. All references to Mr. Abhijeet Dakshikar under the paragraph “FUND MANAGERS” in the SAI and details under the

paragraph “WHO WILL MANAGE THE SCHEMES” in the SID of Mirae Asset Global Commodity Stocks Fund stands deleted.

(c) Mr. Abhijeet Dakshikar has been designated as the ‘Head – Offshore Advisory’ of the AMC w.e.f. 4th October, 2010. Consequently, the details under the paragraph “OFFSHORE ADVISORY” in the SAI stands amended accordingly. (d) Mr. Basavraj Shetty has been designated as the ‘Fund Manager – Overseas Investment’ of Mirae Asset Global Commodity

Stocks Fund and Key Personnel of the AMC w.e.f. 4th October, 2010. Consequently, the details under the paragraph “RESEARCH ANALYST” shall stand deleted. The details under the

paragraph “KEY EMPLOYEES OF THE AMC” and “FUND MANAGERS” in SAI & details under the paragraph “WHO WILL MANAGE THE SCHEMES” in the SID of Mirae Asset Global Commodity Stocks Fund stands amended as under:

name

designation / Years of experience

Qualifications / Age

experience & Background(during last 10 years)

mr. Basavraj shetty

Fund Manager – Overseas Investment /7½

B. Tech and MBA (Finance) /36 years

He has 7½ years experience in Equity Research Analysis role. His primary responsibility includes Investment Analysis, Advisory & Fund Management. His last assignment was with Centrum Broking Pvt. Ltd., as an Equity Research Analyst. Prior to that, he was with J P Morgan India Pvt. Ltd as an Investment Banking – Associate. Mr. Shetty has also worked with Middle East Brokerage Company, Oman & First Global Stock Broking Pvt. Ltd. as an Equity Research analyst. He was also associated with IPCA Labs Ltd & ICI (India) Pvt. Ltd.

This addendum forms an integral part of all the Scheme Information Document(s) / Key Information Memorandum(s) & Statement of Additional Information (SAI) of Mirae Asset Mutual Fund, as amended from time to time.

All other terms & conditions of the abovementioned SIDs & SAI will remain unchanged.

9. notIce cum Addendum – dated 30th september, 2010trAnsferABIlItY of unIts of schemes of mIrAe Asset mutuAl fund:In accordance with SEBI Circular No. CIR/IMD/DF/10/2010 dated August 18, 2010 on transferability of mutual fund units, units of all the schemes of the Fund (presently, Mirae Asset India Opportunities Fund (MAIOF), Mirae Asset Global Commodity Stocks Fund (MAGCSF) and Mirae Asset China Advantage Fund (MACAF) which are held in demat form shall be freely transferable under the depository system with effect from October 1, 2010.This addendum forms an integral part of the Scheme Information Documents (SIDs) of MAIOF, MAGCSF and MACAF & Statement of Additional Information (SAI) of Mirae Asset Mutual Fund, as amended from time to time.

10. notIce cum Addendum – dated 15th october, 2010notIce is hereby given that the Investors of Mirae Asset Mutual Fund are advised to take note that M/s. CITI Bank NA has been appointed as a Custodian of Mirae Asset India Opportunities Fund (MAIOF), an open ended equity oriented scheme & Mirae Asset

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Emerging Bluechip Fund (MAEBF), an open ended equity fund of Mirae Asset Mutual Fund, with effect from October 18, 2010.M/s. CITI Bank NA having address at Securities & Fund Services, Citi India, 3rd Floor, Trent House, Plot No. G-60, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 is registered with SEBI as a Custodian of Securities under SEBI (Custodian of Securities) Regulations, 1996, vide registration no. IN/CUS/004.Accordingly, M/s. Standard Chartered Bank will cease to be the Custodian of MAIOF & MAEBF with effect from October 18, 2010.This addendum forms an integral part of Statement of Additional Information (“SAI”) of Mirae Asset Mutual Fund and Scheme Information Documents (“SIDs”) / Key Information Memorandum (“KIMs”) of MAIOF & MAEBF as amended from time to time.All other terms & conditions of SAI of Mirae Asset Mutual Fund and SIDs / KIM of MAIOF & MAEBF will remain unchanged.

11. notIce cum Addendum – dated 12th november, 2010Addendum to the statement of Additional Information (sAI), scheme Information documents (sIds) and Key Information memoranda (KIms) of the schemes of mirae Asset mutual fund:(A) third Party payments : Mirae Asset Mutual Fund has decided to restrict the acceptance of Third Party Payments by inserting the following under the

section II - how to Apply - how to Pay? or mode of Payment in the SAI of Mirae Asset Mutual Fund, effective from November 15, 2010 (Effective Date) in accordance with AMFI guidelines. Accordingly third party payment instruments for subscriptions/ investments shall not be accepted by the AMC except in the following cases:

i) Payment by Parents / Grand parents / Related Persons* on behalf of a minor in consideration of natural love and affection or as gift for a value not exceeding Rs. 50,000 for each regular purchase or per SIP installment;

ii) Payment by employer on behalf of employee under Systematic Investment Plan (SIP) facility through payroll deductions; iii) Custodian on behalf of an FII or a Client. “third Party Payment” means payment made through an instrument issued from a bank account other than that of the first

named applicant / investor mentioned in the application form. In case of payment instruments issued from a joint bank account, the first named applicant / investor must be one of the joint holders of the bank account from which the payment instrument is issued.

* ‘Related Person’ means any person investing on behalf of a minor in consideration of natural love and affection or as a gift. In cases a payment is covered under above exceptions, the following additional documents are also required to be mandatorily

provided together with the Application Form:- (i) Mandatory KYC Acknowledgment letter for all investors (guardian in case of minor) and the person making the payment

i.e. third party. (ii) Submission of a separate, duly filed and valid ‘third Party Payment declaration form’ from the investors (guardian

in case of minor) and the person making the payment i.e. third party. The said form shall be available on the AMC Website/at Investor Service Centres.

Investors are requested to further note as follows: 1. Registration of Pay-in Bank account: The investor at the time of his subscription for units must provide the details of his

Pay-in bank account (i.e. account form which subscription payment is made) and his Pay-out bank account (i.e account into which redemption/dividend proceeds are to be paid). The details on facility for registration of Multiple Bank Accounts are mentioned hereafter.

2. Subscription through Pre-funded instruments like Pay Order/Demand Draft etc: In case of subscription through pre-funded instruments such as Pay Order- Demand Draft/ Bankers Cheque, such pre-funded instruments should be procured by the Investor against registered pay-in account. Along with the payment instrument, the Investor is also required to submit a Certificate from the Banker issuing the pre-funded payment instrument stating the account holders name and the account number from which the amount has been debited for the issue of the instrument.

3. Subscription through Pre-funded instruments (Demand Draft, Pay-order etc.) procured against cash: Subscription through Pre-funded instruments procured against cash shall only be accepted for investments below Rs.50,000/-. Investor is required to provide a certificate from Banker stating the name, address and PAN (if available) of the person requisitioning such pre-funded instruments.

4. Subscriptions through RTGS, NEFT, ECS, bank transfer etc: In such case, Investor is required to provide a copy which has been provided to the Bank indicating the account number and the debit instructions.

For payment through online mode, AMC may match payer account details with registered Pay-in-bank accounts of the investor.

All the above mentioned documents, to the extent applicable, are required to be provided with the Application Form. The above broadly covers the various modes of payment for mutual fund subscriptions. The above list is not a complete

list and is only indicative in nature and not exhaustive. Any other method of payment, as introduced by the Mutual Fund, will also be covered under these provisions.

Investors transacting through BSE StAR MF Platform under the electronic order collection system will have to comply with norms / rules as prescribed by Stock Exchange(s).


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In case the application for subscription is not in accordance with the above provisions, the AMC reserves the right to reject the application.

safe mode for Writing/ drawing cheques : In order to prevent fraudulent practices, it is recommended that the subscription payment instruments such as cheque/ demand draft/ pay order be drawn in the favour of scheme account followed by the name of the sole or 1st joint holder/ his PAN/ folio number.

For e.g.”ABC Scheme A/c Permanent Account Number” or “ABC Scheme A/c First Investor Name” or “ABC Scheme A/c-Folio Number”.

(B) registration of multiple bank accounts: Under Section III-B of the SIDs, following points are added- In compliance with AMFI Best Practice Guidelines Circular No. 17/10-11 dated October 22, 2010, Mirae Asset Mutual Fund (Fund)

offers its unitholders, a facility to register more than one bank account with the Fund to receive redemption/ dividend proceeds. The unitholder may choose to receive the redemption/dividend proceeds in any of the bank accounts, the details of which are registered under the said facility by specifying the necessary details in the “Bank Account Registration form” which will be available at our Investor Service Centers/Registrar and Transfer Agents offices and on the website of the Fund. Individuals, HUFs, Sole proprietor firms can register upto five bank accounts and non-individual investor can register upto ten bank accounts in a folio. Any more bank accounts (over and above the maximum as specified herein) even if mentioned or provided, will not be registered unless accompanied by deletion request to delete any existing registered bank account(s).

For the purpose of registration of bank account(s), investor should submit Bank Mandate Registration Form together with Cancelled cheque leaf in respect of bank account to be registered or if the bank account number on the cheque leaf is handwritten or the name is not printed on the face of the cheque, a copy of the bank statement/pass book page with the Investors bank account number, name and address shall be provided.

The unitholder can choose any one of the registered bank accounts as default bank account. However, in case a unitholder does not specify the default bank account, the fund reserves the right to designate any one of the registered bank accounts as a default bank account. Unitholder may also note that a third party payment is not used for mutual fund subscription.

If unitholder(s) provide a new and unregistered bank mandate or a change of bank mandate request with specific redemption/ dividend payment request (with or without necessary supporting documents) such bank account may not be considered for payment or redemption/ dividend proceeds, or the Fund may withheld the payment for upto 10 calendar days to ensure validation of new bank mandate mentioned.

The Fund/ Registrar and Transfer Agent (RTA) shall adopt the same process of verification for above registration as is applicable for a registration/change in bank mandate.

(c) Implementation of KYc under Prevention of money laundering Act (PmlA) through cdsl Ventures ltd. (cVl) for Individual Investors w.e.f. January 1, 2011:

In compliance with AMFI Circular No 35/MEM-COR/62/10-11 dated October 07, 2010, the threshold limit for individual investors shall be changed from Rs.50,000/- to Nil w.e.f. January 01, 2011. Hence KYC compliance is a prerequisite for investment in mutual fund by individual investors from this effective date irrespective of the amount of investment.

The Trustee reserves the right to modify the aforesaid requirements at their sole discretion. All other terms and conditions of the Statement of Additional Information will remain unchanged.

This addendum shall form an integral part of the Statement of Additional Information, Scheme Information Documents(s) (SIDs) & Key Information Memorandum (KIM) of Mirae Asset Mutual Fund, as amended from time to time.

12. notIce cum Addendum – dated 4th december, 2010I. Addendum to the scheme Information documents (sIds) & Key Information memoranda (KIms) of mirae Asset liquid fund

(mAlf), mirae Asset cash management fund (mAcmf), mirae Asset ultra short term Bond fund (mAustBf), mirae Asset short term Bond fund (mAstBf) and mirae Asset Gilt fund – Investment Plan & savings Plan (mAGf- IP & sP), schemes of mirae Asset mutual fund:

Pursuant to SEBI circular no. Cir / IMD / DF / 19 / 2010 dated November 26, 2010 and subsequent SEBI clarifications, the Trustees of Mirae Asset Mutual Fund (“the Fund”) have notified the following changes as under:

change in the uniform cut-off timings for applicability of net Asset Value (nav) of certain mutual fund schemes, applicable with effect from december 6, 2010:

A. for liquid schemes i.e. mirae Asset liquid fund (mAlf) & mirae Asset cash management fund (mAcmf) a. cut-off timings in respect of all purchases and Applicability of nAV: i. Where the application is received upto 2.00 p.m. on a day and funds are available for utilization before the cut-off

time, the applicable NAV would be the closing NAV of the day immediately preceding the day of receipt of application; ii. Where the application is received after 2.00 p.m. on a day and funds are available for utilization on the same day, the

applicable NAV would be the closing NAV of the day immediately preceding the next business day ; and iii. Irrespective of the time of receipt of application, where the funds are not available for utilization before the cut-off

time, the applicable NAV would be the closing NAV of the day immediately preceding the day on which the funds are available for utilization.

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b. for allotment of units in respect of all purchases, it shall be necessary that: i. Application is received before the applicable cut-off time of 2.00 p.m., ii. Funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the

respective liquid schemes before the cut-off time, and iii. The funds are available for utilization before the cut-off time. c. for allotment of units in respect of switch-in* to liquid schemes from other schemes, it shall be necessary that: i. Application for switch-in is received before the applicable cut-off time. ii. Funds for the entire amount of subscription/purchase as per the switch-in request are credited to the bank account of

the respective switch-in liquid schemes before the cut-off time, and iii. The funds are available for utilization before the cut-off time. Irrespective of the time of receipt of application for switch-in to liquid scheme, where the funds are not available for

utilization before the cut-off time, the applicable NAV would be the closing NAV of the day immediately preceding the day on which the funds are available for utilization.

B. for debt / Income oriented schemes/plans other than liquid schemes i.e. mirae Asset ultra short term Bond fund (mAustBf), mirae Asset short term Bond fund (mAstBf) and mirae Asset Gilt fund – Investment Plan & savings Plan (mAGf- IP & sP), in respect to purchase of units equal to or more than rs. 1 crore:

a. for allotment of units in respect of all purchases in the aforementioned schemes/ plans with the same day nAV, it shall be necessary that:

i. Application is received before the applicable cut-off time of 3.00 p.m., ii. Funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the

respective schemes before the aforesaid cutoff time, and iii. The funds are available for utilization before the said cut-off time of 3.00 p.m. b. for allotment of units in respect of switch-in* to aforementioned (debt oriented) schemes/plans with the same day

nAV, it shall be necessary that: i. Application for switch-in is received before the applicable cut-off time of 3.00 p.m. ii. Funds for the entire amount of subscription/purchase as per the switch-in request are credited to the bank account of

the respective switch-in income/debt oriented mutual fund schemes/plans before the aforesaid cut-off time. iii. The funds are available for utilization before the cut-off time of 3.00 p.m. Irrespective of the time of receipt of application where the funds are not available for utilization on the same day, the

applicable NAV would be the closing NAV of the day on which the funds are available for utilization. *In case of Switch transactions, funds will be made available for utilization in the switch in scheme based on redemption

payout cycle of the switch-out transaction. All other terms and conditions of the SIDs & KIMs of respective schemes, will remain unchanged. This addendum shall form an integral part of the Scheme Information Documents(s) (SIDs) & Key Information Memoranda

(KIMs) of MALF, MACMF, MAUSTBF, MASTBF and MAGF- IP & SP, schemes of Mirae Asset Mutual Fund, as amended from time to time.

II. notice is hereby given that the trustees of mirae Asset mutual fund (mAmf) has approved declaration of dividend under mirae Asset India opportunities fund (an open ended equity oriented scheme) as under:

Scheme / Plan / Option Amount of Dividend (Rs. Per unit)**

NAV of Dividend option as on

December 3, 2010

Record Date Face Value(Per Unit)

Mirae Asset India Opportunities Fund – Regular Plan – Dividend Option

Rs. 1.50 per unit Rs. 16.052/- December 10, 2010 Rs. 10.00/-

**As reduced by the amount of applicable statutory levy. The above dividend shall be subject to availability of distributable surplus in the scheme as on the record date. In case the distributed

surplus is not sufficient to payout the proposed dividend then the entire distributable surplus, as on the record date, shall be paid out as dividend.

Pursuant to payment of dividend, the nAV of the scheme will fall to the extent of payout and statutory levy, if any. Past performance may or may not be sustained in the future and should not be used as a basis of comparison with other investments. All unit holders under the Dividend Option of the above mentioned scheme, whose names appear in the register of unit holders as

on the close of December 10, 2010 will be entitled to receive dividend.


70

13. notIce cum Addendum – dated 4th december, 2010notIce is hereby given that the trustees of mirae Asset mutual fund (mAmf) has approved declaration of dividend under mirae Asset India opportunities fund (an open ended equity oriented scheme) as under:

scheme / Plan / option Amount of dividend (rs.

Per unit)*

nAV of dividend option as on december 3,

2010

record date face Value(Per unit)

Mirae Asset India Opportunities Fund – Regular Plan – Dividend Option Rs. 1.50 per unit Rs. 16.052/-

December 10, 2010 Rs. 10.00/-

*As reduced by the amount of applicable statutory levy.The above dividend shall be subject to availability of distributable surplus in the scheme as on the record date. In case the distributed surplus is not sufficient to payout the proposed dividend then the entire distributable surplus, as on the record date, shall be paid out as dividend.Pursuant to payment of dividend, the nAV of the scheme will fall to the extent of payout and statutory levy, if any.Past performance may or may not be sustained in the future and should not be used as a basis of comparison with other investments.All unitholders under the Dividend Sub of the above mentioned scheme, whose names appear in the register of unit holders as on the close of December 10, 2010 will be entitled to receive dividend.

14. notIce cum Addendum – dated 13th december, 2010Addition of new Official Points of Acceptance for Transactions in all schemes of Mirae Asset Mutual FundInvestors / Unitholders are advised to take note of the following changes made to the list of Official Points of Acceptance for Mirae Asset Mutual Fund.Addition of the following Investor service centres (Isc) of Karvy computershare Pvt. ltd. (Registrar & Transfer Agent) as Official Points of Acceptance for Transactions in all schemes of Mirae Asset Mutual Fund w.e.f. December 15, 2010:

sr. no. centre Address of Isc of Karvy computershare Pvt. ltd

1 raipurRoom No. TF 31, 3rd floor, Millennium Plaza, Behind Indian Coffee House, G E Road, Raipur - 492 001, Chhattisgarh.

2 Bilaspur Shop No 201/202, V. R. Plaza, Link Road, Bilaspur- 495 001, Chhattisgarh.

3 Bhilai No.138, New Civic Centre, Bhilai - 490 006, Chhattisgarh.

4 navsari 1st Floor, Chinmay Arcade, Opp. Sattapir, Tower Road, Navsari - 396 445, Gujarat.This notice cum addendum forms an integral part of the Scheme Information Document(s) /Key Information Memoranda issued for all schemes of Mirae Asset Mutual Fund, as amended from time to time.

15. notIce cum Addendum – dated 23rd december, 2010I. Additional facility for purchase / redemption of mutual fund units of eligible schemes of mirae Asset mutual fund through

the Bse stAr mf Platform: NOTICE is hereby given that vide Notice cum Addendum dated March 10, 2010 a new facility for purchase / redemption of units of

Eligible Schemes of Mirae Asset Mutual Fund through the Bombay Stock Exchange infrastructure viz. BSE StAR MF Platform was introduced and pursuant to SEBI Circular No.CIR/IMD/DF/17/2010 dated November 9, 2010, Mirae Asset Trustee Company Private Limited, the Trustees to Mirae Asset Mutual Fund, effective December 24, 2010 (‘the effective date’) has decided:

i) that units of mutual funds schemes may be permitted to be transacted through clearing members of the registered Stock Exchanges;

II) to permit Depository participants of registered Depositories to process only redemption request of units held in demat form. The following provision shall be applicable with respect to investors having demat account and purchasing and redeeming mutual

funds units through stock exchange brokers and Clearing members: a. Investors shall receive redemption amount (if units are redeemed) and units (if units are purchased) through broker/clearing

member’s pool account. Mirae Asset Mutual Funds (MF) (“the Mutual Fund”)/ Mirae Asset Global Investments (India) Pvt. Ltd. (“the AMC”) would pay proceeds to the broker/clearing member (in case of redemption) and broker/clearing member in turn to the respective investor and similarly units shall be credited by AMC/Mutual Fund into broker/clearing member’s pool account (in case of purchase) and broker/clearing member in turn to the respective investor’s demat account.

b. Payment of redemption proceeds to the broker/clearing members by AMC/Mutual Fund shall discharge MF / AMC of its obligation of payment to individual investor. Similarly, in case of purchase of units, crediting units into broker/clearing member pool account shall discharge MF/AMC of its obligation to allot units to individual investor.

Investors should note that Clearing members and Depository participants will be considered as official points of acceptance (OPA) in accordance with SEBI Circular No. SEBI/IMD/CIR No.11/78450/06 dated October 11, 2006 and conditions stipulated in SEBI Circular

71

dated November 13, 2009 for stock brokers Viz. AMFI /NISM certification, code of conduct prescribed by SEBI for Intermediaries of Mutual Fund, shall be applicable for such Clearing members and Depository participants as well.

Investors should get in touch with Investor Service Centres (ISCs) of Mirae Asset Mutual Fund for further details. All other terms and conditions of the facility will remain unchanged. The Trustee reserves the right to change/modify the features of this facility from a prospective date.

This addendum shall form an integral part of the Scheme Information Document(s), Key Information Memorandum(s) of the eligible Scheme(s) of Mirae Asset Mutual Fund, as amended from time to time.

II. changes in the Key Personnel of mirae Asset Global Investments (India) Private limited (Amc):- a). Mr. Gopal Agrawal & Mr. Neelesh Surana have ceased to be the Co - Fund Managers for Mirae Asset Liquid Fund (Malf), Mirae

Asset Cash Management Fund (Macmf), Mirae Asset Ultra Short Term Bond Fund (MAUSTBF), Mirae Asset Short Term Bond Fund (MASTBF), Mirae Asset Gilt Fund – Investment Plan & Savings Plan (Magf- Ip & Sp), liquid/debt schemes of Mirae Asset Mutual Fund w.e.f. 20th December, 2010.

All relevant references to Mr. Gopal Agrawal & Mr. Neelesh Surana under the paragraph “FUND MANAGERS” in the SAI and details under the paragraph “WHO WILL MANAGE THE SCHEMES” in the SID of MALF, MACMF, MAUSTBF, MASTBF, MAGF- IP & SP stands deleted.

However, Mr. Gopal Agrawal & Mr. Neelesh Surana will continue to act as the Co – Fund Managers of the equity schemes & fund of funds scheme of Mirae Asset Mutual Fund.

b) Mr. Yadnesh Chavan has been appointed as the ‘Fund Manager – Fixed Income’ of Mirae Asset Liquid Fund (MALF), Mirae Asset Cash Management Fund (Macmf), Mirae Asset Ultra Short Term Bond Fund (MAUSTBF), Mirae Asset Short Term Bond Fund (MASTBF), Mirae Asset Gilt Fund – Investment Plan & Savings Plan (MAGF- IP & SP), liquid/debt schemes of Mirae Asset Mutual Fund w.e.f. 20th December, 2010.

Consequently, the details under the paragraph “KEY EMPLOYEES OF THE AMC” and “FUND MANAGERS” in SAI & details under the paragraph “WHO WILL MANAGE THE SCHEMES” in the SID of MALF, MACMF, MAUSTBF, MASTBF, MAGF- IP & SP stands amended as under:

namedesignation / Years of experience

Qualifications / Age experience & Background(during last 10 years)

Mr. Yadnesh Chavan Fund Manager – Fixed Income /5 years

MBA from Indian Institute of Planning and Management, New Delhi/26 years

Mr. Yadnesh has over 5 years of experience in Fixed Income Dealing, Portfolio regulatory compliance & Management of Debt Portfolios. He is responsible for the overall Fund management of Fixed Income funds. His last assignment was with Aviva Life Insurance Company India Ltd, where he was assisting in management of debt portfolios & portfolio risk management. Prior to that, he was also associated with Investment team of ICICI Lombard General Insurance Co Ltd & Max New York Life Insurance Ltd. handling similar responsibilities.

This addendum forms an integral part of the Scheme Information Document(s) & Key Information Memorandum(s) of SID of MALF, MACMF, MAUSTBF, MASTBF, MAGF- IP & SP & Statement of Additional Information (SAI) of Mirae Asset Mutual Fund, as amended from time to time.

16. notIce cum Addendum – dated 17th January, 2011Introduction of new facility for purchase/redemption of units of mirae Asset emerging Bluechip fund, an open ended equity fund, through the Bse stAr mf platform (Bse stock exchange Platform for Allotment and repurchase of mutual funds):The investors of Mirae Asset Emerging Bluechip Fund (MAEBF), an open ended equity fund are informed that units of the scheme shall now be available for purchase/redemption on the BSE StAR MF Platform with effect from January 18, 2011.For further details on the salient features of the new facility and the process for purchase/redemption through this platform, kindly refer the Statement of Additional Information (SAI) of Mirae Asset Mutual Fund.All other terms & conditions of the Scheme will remain unchanged.This Notice cum addendum forms an integral part of the SID & KIM of MAEBF, as amended from time to time.

17. notIce cum Addendum – dated 8th february, 20111. Introduction of sIP facility through the Bse stAr mf platform The investors of the following schemes of Mirae Asset Mutual Fund are informed that investment through SIP (Systematic Investment

Plan) has been enabled on the BSE Stock Exchange Platform for allotment and repurchase of Mutual Funds (BSE StAR MF Platform) of Bombay Stock Exchange Ltd. (BSE) in all the plans & options with effect from February 9, 2011.

Mirae Asset India Opportunities Fund (MAIOF), Mirae Asset Global Commodity Stocks Fund (MAGCSF),


72

Mirae Asset China Advantage Fund (MACAF) & Mirae Asset Emerging Bluechip Fund (MAEBF). All other terms & conditions of the Scheme will remain unchanged. This Notice cum addendum forms an integral part of the SID & KIM of MAIOF, MAGCSF, MACAF & MAEBF, as amended from time

to time.2. Dr. Srinivasarao Kapala has ceased to be the Head - Product & Key Personnel of the AMC w.e.f. 25th January, 2011 as he has been

relocated to the Hongkong Office of Mirae Asset Financial Group. All references to Dr. Srinivasarao Kapala in the Statement of Additional Information (SAI) stands deleted.

18. notIce cum Addendum – dated 18th march, 2011Shifting of the registered office of Mirae Asset Global Investments Co. Limited (Sponsor for Mirae Asset Mutual Fund):-The investors are requested to kindly note the change in the registered office address of Mirae Asset Global Investments Co. Limited (Sponsor for Mirae Asset Mutual Fund) from 45-I, Yoido-Dong, Youngdeungpo-Gu, Seoul, KOREA 150-891 to east 18f mirae Asset center1, 67 suha-dong, Jung-gu, seoul, KoreA 100-210 w.e.f. 18th March, 2011.All other terms & conditions of the Scheme(s) will remain unchanged.This Notice cum addendum forms an integral part of the SAI, SID & KIM of all the schemes, as amended from time to time.

19. notIce cum Addendum – dated 31st march, 2011Notice-cum-addendum to the Scheme Information Document (SID), Key Information Memorandum (KIM) and Statement of Additional Information (SAI) of all Schemes of Mirae Asset Mutual Fund (the Fund) pursuant to recommendations made by National Institute of Securities Market (NISM) on select mutual fund services processes & AMFI vide its Best Practice Circular Guidelines dated February 9, 2011, regarding implementation of standardized guidelines in respect of the following cases w.e.f. April 1, 2011:I. Investments made on behalf of minors: 1. “on behalf of minor” Accounts: The Asset Management Company (AMC) / Registrar and Transfer Agent (RTA) shall follow the below mentioned guidelines in

respect of the same: a. The minor shall be the first and the sole holder in the folio. No joint holder will be allowed in a folio where the minor is the

first or sole holder. b. Guardian in the folio on behalf of the minor should either be a natural guardian (i.e. father or mother) or a court appointed

legal guardian. c. The AMC/ RTA shall obtain photo copy of Birth Certificate or School Leaving Certificate or Higher Secondary Board

marksheet or Passport or any other suitable proof of the date of birth of the minor, in case of natural guardian and supporting documentary evidence in case of court appointed legal guardian.

2. minor Attaining majority – status change: The AMC/ RTA shall follow the below mentioned guidelines in respect of the same: a. Prior to minor attaining majority, AMC/RTA shall send an advance notice to the registered correspondence address

advising the guardian and the minor to submit an application form along with prescribed documents to change the status to “Major”.

b. Till such time the said application form along with the requisite documents from the ‘Major’ are received by the AMC/RTA, the guardian will not be able to undertake any financial and non-financial transactions including fresh registration of SIP/STP/SWP after the date of the minor attaining majority. However, the AMC/RTA shall continue to process the existing standing instructions like SIP/STP/SWP registered prior to the minor attaining majority till the time an instruction from the ‘Major’ to terminate the existing standing instruction is received by the mutual fund.

c. The AMC would send communication through email and mobile alerts if email ids and mobile numbers are available to the investor for intimating the processes as laid out in point (a) & (b) above.

d. In case the documents pertaining to change in status are not received by the date when the minor attains majority, the account shall be frozen (i.e. for redemptions & switch-outs, etc) for operation by the guardian.

3. change in Guardian: The AMC / RTA shall register change in guardian either due to mutual consent or demise of existing guardian, subject to

submission of various documents, including Bank attestation attesting the signature of the new guardian in a bank account of the minor and KYC Acknowledgment letter of the new guardian. The new guardian must be a natural guardian (i.e. father or mother) or a court appointed legal guardian.

Investors are requested to refer the NISM recommendations & AMFI Best Practice circular dated February 9, 2011 uploaded on our website www.miraeassetmf.co.in, for the list of documents required in respect of change in guardian.

73

II. nomination facility: The AMC/RTA shall follow the below mentioned guidelines in respect of the same: a. Nomination shall be mandatory for new folios/ accounts opened with sole/ single holding. Investors who do not wish to nominate

must sign separately/indicate on the Application Form confirming their non-intention to nominate. b. Nomination shall be applicable for investments in all the Schemes in the folio or account. c. Nomination should be maintained at the folio or account level and should be applicable for investments in all schemes in the

folio or account. d. All joint holders shall sign nomination / cancellation of nomination form, irrespective of the mode of holding. e. Nomination form cannot be signed by Power of attorney (POA) holders and every new nomination shall overwrite the existing

nomination in the folio/ account. f. Nomination shall not be allowed in a folio/account held on behalf of a minor.III. transmission facility: a. Investors / Unitholders are requested to refer the “transmission documents matrix – ready reckoner” mentioned under

Download section of our website www.miraeassetmf.co.in, for ready reference of the various documents required under different scenarios of Transmission as mentioned below:

To surviving unitholders in case of death of one or more unitholders; To registered nominee(s) in case of death of sole or all unitholders; To claimant(s) where nominee is not registered in case of death of sole or all unitholders; Transmission in case of HUF due to death of Karta. b. A copy of PAN or another proof of identity of nominee(s)/ claimant(s) may not be required if KYC issued by CVL is made

available. c. In the event of transmission of units in favour of the minor, various documents like KYC, PAN, Bank details, indemnity etc should

be of the guardian of the minor. d. The Fund / AMC / RTA may seek additional documents, if the amount of transmission is Rs. One Lakh and above, on a case to

case basis. Investors/Unitholders are requested to refer the Matrix, referred in point (a) above. The Fund / AMC / RTA may seek additional documents, apart from those mentioned in each of the above cases. Investors

are requested to refer National Institute of Securities Market (NISM) guidelines on select mutual fund services processes & AMFI vide its Best Practice Circular Guidelines dated February 9, 2011, on our website www.miraeassetmf.co.in, for the list of prescribed documents required in respect of abovementioned cases and any other clarifications on the same.

This Notice-cum-Addendum forms an integral part of the Scheme Information Document (SID) / Statement of Additional Information (SAI)/Key Information Memorandum (KIM) / Application forms (as applicable) of the Schemes of Mirae Asset Mutual Fund. All other terms and conditions mentioned in the SID / KIM / SAI of the above-mentioned Schemes remain unchanged.

**********


74

rAtInG/rAnKInG methodoloGIes:crIsIl :- Mirae Asset India Opportunities Fund- Regular - Growth has been assigned CRISIL Fund Rank 1” and ranked among top 10 percentile of the universe of funds implying ‘Very Good Performance’ in “Open Ended Diversified Equity” category for the quarter ended March 2011. The rank is an outcome of an objective and comparative analysis against various parameters, including: superior returns score, NAVs over the 2-year period ended March 2011, Sectoral concentration, Company concentration and liquidity of the scheme. The ranking methodology did not take into account entry and exit loads imposed by the Fund. There were 69 schemes considered in the “Open Ended Diversified Equity” category for the quarter ended March 2011 for the ranking exercise. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of Mirae Asset India Opportunities Fund. Fund Rank 1 includes top 10 percentile of the universe indicating ‘Very Good Performance’ in the category, Fund Rank 2 includes 11th to 30th percentile indicating ‘Good Performance’ in the category, Fund Rank 3 includes 31st to 70th percentile indicating ‘Average performance’ in the category, CRISIL Fund Rank 4 includes 71st to 90th percentile indicating ‘Below Average Performance’ in the category and CRISIL Fund Rank 5 includes last 91st to 100th percentile indicating ‘relatively weak performance’ in the category. The CRISIL Mutual Fund Rank is no indication of the performance that can be expected from the scheme in future. The ratings are subject to change every quarter. Source: www.crisilfundservices.com Publisher: CRISIL Fund Services, CRISIL Limited.

VAlue reseArch :- Mirae Asset India Opportunities Fund- Regular - Growth, has been rated “” (5 star) by Value Research in the Open Ended Equity: Large & Mid-cap category & rated among Top 10% of funds out of 61 funds for the 3 year period ending on May 31, 2011 & June 30, 2011. The fund has been assigned ‘above average’ on risk grade and ‘high’ on returns grade. Value Research Fund Rating is a composite measure of historical risk-adjusted returns. In case of equity funds, this rating is based on the average monthly returns for the last 3- and 5-year period. The rating does not take into consideration any entry or exit load. Value Research ratings do not rate an equity fund with less than 3-year performance track record. Further, each category must have a minimum of 10 funds for it to be rated and a fund with less than Rs.5 crores of average AUM in the past six months is not eligible for rating. Five stars indicate that a fund is in the top 10% of the category. The Value Research ratings are published in Mutual Fund Insight and Monthly Mutual Fund Performance Report. These ratings are subject to change every month. The ratings are based on primary data provided by the fund and Value Research does not guarantee the accuracy. Publisher: Value Research India Private Limited.

mornInG stAr :- Mirae Asset India Opportunities Fund - Regular Growth has been rated “” (5 star) in the Morningstar® Category: India OE Large Cap category, with Morningstar® Category Index: IISL S&P/CNX Nifty PR INR. There were 277 funds (which completed 3 years of performance) considered in this category for the rating exercise for the 3 year period ended May 31, 2011 and 135 funds (which completed 3 years of performance) considered in this category for the rating exercise for the 3 year period ended June 30, 2011. The Morningstar fund rating methodology is based on a fund’s risk-adjusted return within a given Morningstar category. Morningstar ratings are calculated every month for the 3 year, 5 year and 10 year period. Within each rating period, the top 10% funds receive a five star rating, the next 22.5% earn a four star rating, the next 35% get three stars, the next 22.5% receive two stars, and the bottom 10% get one star. Loads are not considered for the rating purpose. The rating is based on NAV provided by the fund. Rating Source & Publisher: Morningstar.© 2011 Morningstar. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the confidential and proprietary information of Morningstar; (2) may not be copied or redistributed; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.lIPPer :- Mirae Asset India Opportunities Fund (MAIOF) - Growth, in Lipper’s “Equity India” classification, received the following ratings for the 3 year period ended 31st May, 2011 & June 30, 2011 (269 funds considered in the category) & : Total Return: Highest Lipper rating of 5, Lipper leaders. Lipper ratings for Total Return reflect funds’ historical total return performance relative to peers as of June 30, 2011. The ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Total Return metrics over three-, five-, and ten-year periods (if applicable). The highest 20% of funds in each peer group are named Lipper Leader or a score of 5 for Total Return, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2, and the lowest 20% are scored 1. Lipper Leader ratings are not intended to predict future results and Lipper does not guarantee the accuracy of this information. More information is available at www.lipperweb.com. Lipper Leader Copyright 2010, Reuters, All Rights Reserved.mirae Asset India opportunities fund (mAIof) :- (An open ended equity oriented scheme) Investment objective: To generate long term capital appreciation by capitalizing on potential investment opportunities through predominantly investing in equities, equity related securities. There is no assurance or guarantee of any returns. Asset Allocation: (1) Indian Equities and Equity Related Securities: 65% to 100% (2) Money market instruments / debt securities Instruments: 0% to 35% (Including up to 25% of corpus in securitized debt).mirae Asset emerging Bluechip fund (mAeBf) :- (An open ended equity fund) Investment objective: To generate income and capital appreciation from a diversified portfolio predominantly investing in Indian equities and equity related securities of companies which are not part of the top 100 stocks by market capitalization and have market capitalization of atleast Rs. 100 Crores at the time of investment. From time to time, the fund manager may also seek participation in other Indian equity and equity related securities to achieve optimal portfolio construction. The Scheme does not guarantee or assure any returns. Asset Allocation: (1) Indian Equities and Equity Related Securities of companies, which are not part of the top 100 stocks by market capitalization and have market capitalization of atleast Rs.100 Crores at the time of investment: 65%-100% (2) Other Indian Equities and Equity Related Securities: 0%-35%; Money market instruments / debt securities Instruments (Including up to 20% of corpus in securitized debt): 0%-35%.for mAIof & mAeBf:load structure: Entry Load: Nil. In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’ assessment of various factors including the service rendered by the distributor. Exit Load: Redemption within 1 year (365 days) from the date of allotment (Including SIP/STP/SWP) - 1.00%. Redemption after 1 year (365 days) from the date of allotment - NIL. transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers and on the AMFI/AMC website.

statutory details : trustee: Mirae Asset Trustee Company Private Limited; Investment manager: Mirae Asset Global Investments (India) Private Limited (AMC); sponsor: Mirae Asset Global Investments Company Limited.risk factors: mutual fund investments are subject to market risks and there is no assurance or guarantee that the objectives of the scheme will be achieved. As with any investment in securities, the net Asset Value (nAV) of the units issued under the schemes can go up or down depending on the factors and forces affecting the capital markets. Investments in mutual funds are prone to risks of fluctuation in NAVs, uncertainty of dividend distributions etc. Past performance of the sponsor / Amc / mutual fund does not guarantee the future performance of the schemes of mirae Asset mutual fund. The sponsors are not liable or responsible for any loss resulting from the operation of the fund beyond the initial contribution made by them of an aggregate amount of Rupees One Lakh towards setting up of the fund. mirae Asset India opportunities fund & mirae Asset emerging Bluechip fund are only the name(s) of the scheme(s) and does not in any manner indicate either the quality of the scheme(s) or its future prospects or returns. Investors in the scheme are not being offered any guaranteed / indicative / assured returns. Please see “Risk Factors”, “Scheme Specific Risk Factors and Special Consideration” and “Right to limit redemptions” in the Scheme Information Document (SID).Please read the statement of Additional Information (sAI) and scheme Information document (sId) carefully before investing. A copy of SAI / SID/ Key Information Memorandum cum Application form will be available at AMC offices/AMC web-site www.miraeassetmf.co.in / Investor Service Centre / Distributors on request.


76www.sapprints.com

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• Agra-1st Floor, Deepak Wasan Plaza,Sanjay Place, Behind Holiday Inn, Agra-282002. • Ahmedabad-309, Shail Buildings , Opp : Madhusudhan House, Off C G Road Nr. Navrangpura Telephone Exchange, Ahmedabad-380006. • Ajmer-1-2, II Floor, Ajmer Tower, Kutchary Road, Ajmer-305001. • Amritsar-72-A, Taylor’S Road,Aga Heritage Gandhi Ground, Amritsar-143001. • Anand-F-6, Chitrangana Complex, Opp: Motikaka Chawl, V V Nagar, Anand-388001. • Asansol-18, G T Road, 2nd Floor, Asansol-713301. • Aurangabad-Shop No : 214/215,Tapadiya City Centre, Nirala Bazar, Aurangabad-431001. • Bangalore-No:51/25, 1st Floor, Surya Building, Ratna Avenue, Richmond Road, Bangalore-560025. • Baroda-Piccadilly, Office#5, First Floor, Opp. Adani Super Market, Jetalpur Road, Baroda-390007. • Bhavnagar-Surabhi Mall, 301, 3rd Floor, Waghawadi Road, Bhavnagar – 364001 • Bhopal-Kay Kay Busniss Centre, 133 Zone I M P Nagar, Bhopal-462021. • Bhubaneshwar-624, Sahid Nagar, First Floor, Bhubaneswar-751007. • Burdwan-63 G T Road, Birhata, Halder Complex, 1St Floor, Burdwan-713101. • Bilaspur-Karvy Computershare Private Limited, Shop No 201/202, V.R.Plaza, Link Road Bilaspur-495001. • Bhilai-Karvy Computershare Private Limited, Shop No-1, First Floor Plot NO-1, Old Sada Office Block Commercial Complex, Near HDFC Atm, Nehru Nagar- East Post - BHILAI Pin - 490020, Bankura-Karvy Computershare Private Limited, Ambika Market, Natunganj Bankura - 722101. • Calicut-IInd Floor, Sowbhagya Shoping Complex, Mavoor Road, Calicut-673004. • Chandigarh-SCO-371-372, First Floor, Above HDFC Bank Sector 35B, Chandigarh-160022. • Chennai-Flat No F-11, First Floor, Akshaya Plaza,(Erstwhile Harris Road), Opp Chief City Metropolitan Court, No:108,Adhithanagar Salai, Egmore, Chennai -600002. • Coimbatore-29/1, 1st Floor, Chinthamani Nagar, Opp To IOB , N S R Road, Sai Baba Colony, Coimbatore-641011. • Cuttack-Dargha Bazar, Opp. Dargha Bazar Police Station, Buxibazar, Cuttack-753001. • Dehradun-Kaulagarh Road, Near Sirmaur Marg, Above Reliance Webworld, Dehradun-248001. • Durgapur-Old Dutta Automobiles Building, 1St Floor, Nachan Road, Benachity, Durgapur-713213. • Faridabad-A-2B, 1st Floor, Nehru Ground,Neelam Bata Road, Nit, Faridabad-121001. • Ghaziabad-1st Floor, C-7, Lohia Nagar, Ghaziabad-201001. • Goa-Panjim-No.7 & 8, El. Dorado Plaza, Heliodoro Salgado Road, Panjim-403001. • Gurgaon-Shop No. 18, Ground Floor, Sector - 14, Opp. AKD Tower, Near Huda Office, Gurgaon-122001. • Guwahati-54, Sagarika Bhawan, R G Baruah Road (AIDC bus Stop), Guwahati-781024. • Hyderabad-Karvy Registry House, Karvy Plaza, 8-2-596, Avenue-4, Street No. 1, Old Road No.10, Banjara Hills, Hyderabad-500034. • Indore-LG-3, Bombay Trade Centre, Lower Ground Floor, Grand Hotel, Opp Bombay Hospital, Scheme No 54, Indore-452010. • Jaipur-S-16, A, III Floor, Land Mark, Opp-Jaipur Club, Mahaveer Marg, C-Scheme, Jaipur-302001. • Jalandhar-Lower Ground Floor, Office No : 3, Arora Prime Tower, Plot No-28, G. T. Road, Jalandhar-144004. • Jamshedpur-Kanchan Tower, 3rd Floor, Chhaganlal Dayalji & Sons, 3-S B Shop Area, (Near Traffic Signal), Main Road, Bistupur, Jamshedpur-831001. • Jodhpur-203, Modi Arcade, Chupasni Road, Jodhpur-342001. • Kanpur-15/46, B, First Floor, Opp : Muir Mills, Civil Lines,Kanpur-208001. • Kochi-Shop No.2, IInd Floor, Jewel Arcade (Above Oriental Insurance LTD), Layam Road, Kochi(Cochin)-682011. • Kolkata-16, Jatin Bagchi Raod,Kolkata-700029. • Lucknow-Usha Sadan, 24, Prem Nagar, Ashok Marg, Lucknow-226001. • Ludhiana-Sco-3, Bawa Building,Feroze Gandhi Market, Ludhiana – 141001 • Madurai-Rakesh Towers, 30-C, Bye Pass Road, Ist Floor, Opp Nagappa Motors, Madurai-625010. • Mangalore-Ground Floor, Mahindra Arcade, Kodial bail, Mangalore-575003. • Moradabad-Om Arcade, Parker Road,Above Syndicate Bank,Tari Khana Chowk,Moradabad-244001. • Mumbai-• Mumbai-Fort-DAS Chambers, Ground Floor, Opp.BSE & next to Corporation Bank, Dalal Street, Fort,Mumbai-400023. • Mysore-L-350, Silver Tower, Clock Tower, Ashoka Road, Mysore-570001. • Nagpur-Sadoday Arcade, Above Top N Town, Dharampeth, Nagpur-440001. • Nasik-S-12, Second Floor, Suyojit Sankul, Sharanpur Road,Nasik-422002. • New Delhi-2E/23, Jhandewalan Extn, New Delhi-110055. • Noida-307, Jaipuria Plaza D, 68 A, 2nd Floor, Opp. Delhi Public School, Sector 26, Noida-201301. • Navsari-Karvy Computershare Private Limited, 1st Floor, Chinmay Arcade Opp. Sattapir, Tower Road, Navsari - 396 445. • Patna-3A, 3rd Floor, Anand Tower, Beside Chankya Cinema Hall, Exhibition Road, Patna-800001. • Pune-Shrinath Plaza, C Wing, Office No. 58 & 59, 3rd Floor, Dyaneshwar Paduka Chowk, S.No. 184/4, Off F.C.Road,Pune-411004. • Rajkot-104, Siddhi Vinayak Complex, Dr Yagnik Road, Opp Ramkrishna Ashram,Rajkot-360001. • Ranchi-Commerce Towers, 3rd Floor, Room No. 307, Beside Mahabir Towers, Main Road, Ranchi-834001. • Raipur-Karvy Computershare Private Limited,Room No. TF 1,3rd Floor, Millennium Plaza Behind Indian Coffee House, G E Road, Raipur - 492 001, Chhattisgarh. • Siliguri-Nanak Complex, Near Church Road, Sevoke Road,Siliguri-734001. • Surat-G-16 Empire State Building, Near Udhna Darwaja, Ring Road, Surat-395 002. • Trichur-2nd Floor, Brother’S Complex,Near Dhana Laxmi Bank Head Office, Naikkanal Junction, Trichur-680001. • Trivandrum-2nd Floor, Akshaya Towers, Sasthamangalam, Trivandrum-695010. • Udaipur-201-202, Madhav Chambers, Opp. G.P.O, Chetak Circle, Madhuban, Udaipur-313001. • Varanasi-D-64/132,Ka 1St Floor, Anant Complex, Sigra,Varanasi-221010. • Vijayawada-39-10-7 Opp. Municipal Water Tank,Labbipet,Vijayawada-520010. • Visakhapatnam-47-14-5/1 Eswar Paradise, Dwaraka Nagar, Main Road, Visakhapatnam-530016.

INVESTOR SERVICE CENTRES OF THE AMC

KARVy COMPUTERSHARE PRIVATE LIMITED BRANCH OFFICES

• Ahmedabad-107, 1st Floor, Abhijeet I, Mithakhali Circle, Near HDFC Bank, Ahmedabad-380009.Tel-079-44227777. • Asansol-M/s. Safe Savings, Street No:1, House No:2, Hindustan Park,Asansol-713304. • Bangalore-No.809, 8th Floor, Prestige Meridian - I, No.29, M.G. Road, Bangalore - 560001. • Bhubaneshwar- Subham Capital, Plot no. 251, Kharvel Nagar, Bhubaneshwar-751001. • Chennai-Flat - 2A, Second Floor, Pioneer Sudarsan Plaza, New No. 10/Old No. 9, Mohan Kumaramangalam Street, Nungambakkam, Chennai. Tel-044-44227777. • Durgapur-Mr. Samit Roy, 5/42, “SUHATTA” 5th Floor, City Centre, Durgapur - 713216. • Hyderabad-Unit No. 104/A, Mahavir Chambers MCH No.3-6-363 and 3-6-1/1, Basheerbagh, Himayathnagar Road, Hyderabad-500029.Tel-040-44227777. • Jaipur-445, Ganpati Plaza, M I Road, Jaipur, Rajasthan-302 001.Tel-0141-4040445. • Jamshedpur - M/s. Manju Capital, Ramrup and Tulsi Bhavan, 1st Floor, Room No.6, Diagonal Road, Bistupur, Jharkhand-831 001. Tel. – 0657-2321949. • Kanpur-1st Floor, Shop No.111, KAN Chambers, 14/113, Civil Lines, Kanpur, Uttar Pradesh-208001.Tel-0512-3012896. • Kolkata-A-15, 2nd Floor, FMC Fortuna, No. 234/3A, AJC Bose Road, Kolkata - 700020.Tel-033-44227777. • Ludhiana-#202,2nd Floor, SCO-18, Feroze Gandhi Market, Ludhiana-141001.Tel-0161-4649771/2/3. • Mumbai(Corporate Office)-Unit No. 606, 6th Floor, Windsor Bldg.,Off CST Road, Kalina, Santacruz (E), Mumbai - 400 098.Tel-022-67800300. • New Delhi-Flat No. 814, 8th Floor, Ashoka Estate, 24, Barakhamba Road, New Delhi - 110001.Tel-011-44227777. • Pune-85, 4th Floor, Sreenath Plaza, Dnyaneshwar Paduka Chowk, F C Road, Shivaji Nagar, Pune-411005.Tel-020-44227777. • Surat-U/17, Jolly Plaza, Athawagate, Surat, Gujarat-395001.Tel-0261-3043803.