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Change in the fundamental attributes of Mirae Asset India China Consumption Fund


Mirae Asset Mutual Fund has approved the following changes in the fundamental attributes of Mirae Asset India China Consumption Fund with effect from March 4, 2016:

Name of the Scheme: The scheme will be renamed as Mirae Asset Great Consumer Fund.

Type of Scheme: The type of scheme will be changed from open ended equity oriented scheme to open ended consumption oriented sector scheme.

Investment objective: The investment objective will be changed to generate long term capital appreciation by investing in a portfolio of companies/funds that are likely to benefit either directly or indirectly from consumption led demand in India and across the Asia Pacific region.

Asset Allocation: The Asset Allocation will be changed to 65-80 percent in Indian Equities and Equity related securities of companies that are likely to benefit either directly or indirectly from consumption led demand, 20-35 percent in units of Mirae Asset Asia Great Consumer Fund, and/or in other mutual funds having similar objectives, strategies and attributes and 0-15 percent in Money market instruments/debt securities Instruments and/or units of debt/liquid schemes of domestic Mutual Funds.

Benchmark Index: S&P BSE 200 (65%) & S&P BSE Asia Pacific Emerging BMI (35%).