*Launch Date: 4 April 2008. Past performance is no ... target of moderating CPI inflation to 4% We expect another 25-50 bps rate cut in current fiscal. ... CBLO 8.28 8.83 3 month CD

Fund Speak May 2015

Celebrating Seven Years* Of Wealth Creation

Invest in Mirae Asset India Opportunities Fund

(An open ended equity oriented scheme)

*Launch Date: 4th April 2008. Past performance is no guarantee of future results

Fund Speak 3

Market Update - 2015

Equity Update

Indian markets from being the best performer in CY’14 have underperformed in Q1 CY’15. China Markets continue to be the best performing in Q1 CY’15. Expectations of further loose monetary policy have fuelled the rally in China. The S&P BSE Sensex hit a life time high of 30,000 in the month of March, but after hitting the all-time high, market corrected around 9.6% to close to 27,000 levels. Indian markets mainly corrected due to:1) An expectedly weak 4th quarter earnings season;2) The confusion and investor concerns over Minimum Alternate

Tax (MAT) on FPIs;3) A sharp outperformance of the regional markets including China /

HK where most investors have been underweight, has led to rebalancing of flows;

4) Sharp rally in crude oil;5) Fears of weak and below normal monsoon;6) Global selloff in bond markets.

We believe the current correction in equity markets is a short term correction and we expect a pull-back led by multiple structural positive things, some of which has already happened and some are in the offing. Markets are currently trading at less than 14 times FY17, which is a 5% discount to historical averages. Indian current account situation is much better relative to its past, based on fall in crude prices (inspite of the recent rally in crude prices) and domestic fuel price reforms. Global commodity prices remain soft and inflation is likely to remain benign. We believe that the start of government spending on infrastructure projects will be the key turning point for improvement in growth numbers. Therefore we believe, this correction is a near term consolidation and we continue to remain positive in the medium to long term on Indian market on improving fundamentals and structural reforms.

53.3%

30.1%

9.7% 8.4%

1.1%

-0.7% -2.3% -2.6%

0.1%

19.2%12.4%

6.0% 11.0%

37.3%

-1.8%

11.9%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

ShanghaiComositeIndex

Sensex NikkeiDow Jones Hang Seng Bovespa FTSE KOSPI

2014 2015 (YTD)

World Indices Performance

Source: Bloomberg, 30th April, 2015Past performance of the indices may or may not be sustained in future and depends upon various factors affecting global, regional economic environment.

Sectorial Performance - 2015 (YTD)

23.6%

8.6%8.0% 7.1%

6.0% 6.0%

1.0% 0.2%

-0.2%-2.0% -2.1%

-7.1%-8.5%-9.8%

-15%

-10%

-5%

0%

5%

10%

15%

20%

BSEHealth

Care

BSEIT

BSEFM

CG

BSEConsu

mer Dure

bles

BSEM

idca

p

BSESm

allCap

BSERealty

BSEPower

BSE200

BSEAuto

BANKEX

BSEO

il &G

as

BSEPSU

BSEM

etal

25%

30%

Source: Bloomberg, 30th April, 2015Past performance of the indices may or may not be sustained in future and depends upon various factors affecting global, regional economic environment.

Debt Market Outlook The Union Budget FY16 sets the tone just right for overall objectives of high sustainable growth, equitable distribution of benefits while not slipping on front of expenditure rationalization. The fiscal deficit target of 3.9% of GDP, in that context, is likely to be more credible and the clear communication of fiscal roadmap for next three years is indeed a welcome certainty. We didn’t see any rate cuts by RBI in 2014, inspite of sharp fall of close to 400-500 bps in Inflation. RBI has already cuts the repo rate twice (i.e. 50 bps) this calendar year.Inspite of pause in recent policy, the RBI appears to still be in easing mode, the timing of any future actions is contingent on several factors. The RBI set out the following factors that will determine further action:1) Transmission of rates by banks;2) Food inflation trends specially after recent unseasonal rains; 3) Further supply-side measures of the government; 4) US monetary policy.In our view, maintaining the status quo today was largely expected, given the March inter-meeting cut and the lack of transmission by banks thus far. Although the RBI appears to still be in easing mode, the timing of any future actions is contingent on several factors. With growth in the initial stages of a cyclical recovery, investments held back largely due to non-monetary factors, inflation showing signs of stabilizing around 5.0-5.5% and the RBI’s medium-term target of moderating CPI inflation to 4% We expect another 25-50 bps rate cut in current fiscal.

Fixed Income - Rates Value as on 30th April, 2015

Value as on 31st December, 2014

Call Money 7.65 8.75

CBLO 8.28 8.83

3 month CD 8.25 8.42

3 month CP 8.56 8.65

1 year CD 8.34 8.67

1 year CP 8.85 9.02

G-Sec (10 yrs) 7.86 7.86

Source: Bloomberg, 30th April, 2015

4 Fund Speak

Key Features Mirae Asset India Opportunities Fund

(MAIOF)

Mirae Asset Emerging Bluechip Fund

(MAEBF)

Mirae Asset India-China Consumption Fund

(MAICCF)

Mirae Asset Global Commodity Stocks

Fund (MAGCSF)

Mirae Asset China Advantage Fund

(MACAF)

Investment Objective The investment objective o f the scheme i s to generate long term capital appreciation by capitalizing on potential investment opportuni t ies through predominantly investing in equities, equity related securities. There is no assurance or guarantee of returns

To generate income and capital appreciation from a d ivers i f ied por t fo l io predominantly investing in Indian equi t ies and equity related securities of companies which are not part of the top 100 stocks by market capitalization and have market capitalization of at least `100 Crores at the time of investment. The Scheme does not guarantee or assure any returns.

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.

The investment objective o f 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.

The investment objective o f t h e s c h e m e i s t o 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.

Fund Manager & Experience

Neelesh Surana : 18 years of experience in Financial Services including Fund Management & Sumit Agrawal : Over 10 years of experience in investment analysis and research including fund management & Both are Managing this fund since May 2008 & Aug 2014 respectively.

Neelesh Surana : 18 years of experience in Financial Services including Fund Management . He has been managing fund since inception of the fund

Neelesh Surana : 18 years of experience in Financial Services including Fund Management and managing this fund since inception ; Sumit Agrawal (Domestic Investments): Over 10 years of experience in investment analysis and research including fund management and managing this fund since August 2014 and Bharti Sawant (Overseas Investments) has 6 years of experience in Equity Research Analysis and has been managing this fund since August 2014.

Gopal Agrawal : Over 14 years of experience in Fund Management and managing this fund since inception & Bharti Sawant (Overseas Investments): has 6 years of experience in Equity Research Analysis and has been managing this fund since August 2014.

Bharti Sawant has 6 years of experience in Equity Research Analysis and has been managing this fund since August 2014.

Allotment Date 04th April, 2008 09th July, 2010 29th March, 2011 20th August, 2008 05th November, 2009

Benchmark Index S&P BSE 200 CNX Midcap S&P India & China Weighted Index.

S&P Pan Asia Large Midcap Commodity & Resources Capped Index.

MSCI China (in INR Terms)

Minimum Investment Amount

`5,000 (multiples of `1 thereafter).

Systematic Investment Plan (SIP)

Monthly: `1,000/- (multiples of `1/- thereafter), minimum 6 installments Quarterly: `1,500/- (multiples of `1/- thereafter), minimum 4 installments.

Load Structure Entry load - NA Exit load - If redeemed within 6 months (182 days) from the date of allotment - 2.00%. If redeemed after 6 months (182 days) but within 1 year (365 days) from the date of allotment - 1.00%. If redeemed after 1 year (365 days) from the date of allotment - NIL.

Plans Available Regular Plan and Direct Plan

Options Available Growth Option and Dividend Option (Payout & Re-investment)

Quarterly Average AUM (` Cr.) as on 31st March, 2015

944.09 692.95 30.57 9.26 20.13

Yearly Avg. Expense Ratio (Including Services Tax) as on 31st March, 2015

Regular Plan: 2.40% Direct Plan: 1.56%



Regular Plan: 2.85% Direct Plan:1.66%


Fund Facts

Fund Speak 5

Key Features Mirae Asset Cash Management Fund (MACMF)

Mirae Asset Ultra Short Term Bond Fund

(MAUSTBF)

Mirae Asset Short Term Bond Fund (MASTBF)

Investment Objective The investment objective of the scheme is to generate consistent returns with a high level of liquidity in a judicious portfolio mix comprising of money market and debt instruments. The Scheme does not guarantee any returns.

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.

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 any returns

Fund Manager & Experience Mr. Yadnesh Chavan has Over 9 years of experience in Investment Industry and has been managing this fund since December 2010.

Mr. Yadnesh Chavan has Over 9 years of experience in Investment Industry and has been managing this fund since December 2010.

Mr. Yadnesh Chavan has Over 9 years of experience in Investment Industry and has been managing this fund since December 2010.

Allotment Date 12th January, 2009 5th March, 2008 3rd August, 2009

Benchmark Index CRISIL Liquid Fund Index CRISIL Liquid Fund Index CRISIL Short Term Bond Fund Index

Minimum Investment Amount `5,000/- and in multiples of ̀ 1/- there after Minimum Additional Application Amount: `1,000/- per application and in multiples of `1/- thereafter.

`10,000/- and in multiples of `1/-there after Minimum Additional Amount ̀ 1,000/- per application and in multiples of `1/- thereafter.

`5,000/- and in multiples of ̀ 1/- there after Minimum Additional Application Amount: `1,000/- and in multiples of ̀ 1/- thereafter.

Systematic Investment Plan (SIP) -- `1,000/- in case of Monthly Option and `1,500/- in case of Quarterly Option.

`1,000/- in case of Monthly Option and `1,500/- in case of Quarterly Option.

Systematic Transfer Plan (STP) Options Available and Minimum Amount: Daily Option, Weekly Option, Fortnightly Option, Monthly Option: Minimum 6 transfers of `1,000/- each and above, Quarterly Option: Minimum 4 transfers of `1,500/- each and above. In case of SWP : Investors can withdraw fixed amount of `1,000/- each and above at regular intervals.

Load Structure Entry Load - NA, Exit Load - Nil Entry Load - NA, Exit Load - Nil Entry Load - NA, Exit Load -If redemption within 6 months (180 days) from the date of allotment 0.5%; If redemption after 6 months (180 days) from the date of allotment - Nil

Plans Available Regular Plan and Direct Plan Institutional Plan and Direct Plan Regular Plan and Direct Plan

Options Available Growth Option and Dividend Option (Payout & Re-investment)

Quarterly Average AUM (` Cr.) as on 31st March, 2015

68.39 28.95 4.41

Yearly Avg. Expense Ratio (Including Services Tax) as on 31st March, 2015




Fund Facts

6 Fund Speak

Fund Speak 7

Performance Report - Regular Plan - Growth Option

Period NAV (` per unit) ReturnsMAIOF S&P BSE 200 S&P BSE Sensex**

31st March, 2014 - 31st March, 2015 32.427 46.99% 31.93% 24.89%31st March, 2013 - 31st March, 2014 22.060 25.09% 17.19% 18.85%31st March, 2012 - 31st March, 2013 17.522 8.32% 6.03% 8.23%Since Inception (CAGR) - 31st March, 2015 32.427 18.32% 9.31% 8.96%Since Inception - 31st March, 2015 (Value INR)* 32.427 32,427 18,633 18,222Index Value (31st March, 2015) Index Value of S&P BSE 200 is 3537.55 and Index value of S&P BSE Sensex is 27,957.49Date of allotment 4th April, 2008Scheme Benchmark S&P BSE 200Past Performance may or may not sustained in future. Note : For computation of since inception returns (%) the allotment NAV has been taken as `10.00. In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. The performance of other funds managed by the same fund managers are given in the respective page of the schemes and on page No.15 & 16. * Value of Investment of `10,000/- Invested in the Scheme. ** Additional Alternate Benchmark.

SIP PerformanceSIP Investment Since Inception 5 Years 3 Years 1 YearTotal Amount Invested 83,000 60,000 36,000 12,000 Mkt Value as of 31st March, 2015 1,89,173 1,07,095 57,803 14,004Fund Return (CAGR)*(%) 23.46% 23.41% 33.39% 32.54%Benchmark Return (CAGR)*(%) (S&P BSE 200) 14.84% 15.36% 22.79% 20.08%Add. Benchmark Return (CAGR)*(%) (S&P BSE Sensex) 13.72% 14.13% 19.94% 12.98%Past Performance may or may not sustained in future. *The returns are calculated by XIRR approach assuming investment of `1000/- on the 1st working day of every month

Portfolio Top 10 holdings % Allocation

Equity Shares

HDFC Bank Ltd 7.07%

ICICI Bank Ltd 6.69%

Larsen & Toubro Ltd 4.54%

Tata Consultancy Services Ltd 3.35%

Maruti Suzuki India Ltd 3.25%

Sun Pharmaceuticals Industries Ltd 3.25%

Infosys Ltd 3.23%

State Bank of India 3.16%

Reliance Industries Ltd 3.13%

Indusind Bank Ltd 2.88%

Other Equities 57.60%

Equity Holding Total 98.15%

Cash & Other Receivables 1.85%

Total 100.00%

Mirae Asset India Opportunities Fund(An open ended equity oriented scheme)

Monthly Factsheet April 2015

Fund Performance - since inception (Regular Plan Growth Option)

MAIOF S&P BSE 200 S&P BSE SENSEX

Apr-15Apr-080

5

10

15

20

25

30

35

40

18.040

31.467

17.605

Past Performance may or may not be sustained in future. The above is NAV movement of graph as on 30th April, 2015.The Scheme NAV and Benchmark index have been rebased to ̀ 10/- for illustration purposes.

Investment Philosophy & StyleThe fund seeks to generate consistent capital appreciation by investing in quality companies across sectors and market capitalisation. The investment is focused on businesses which have sustainable competitive advantage as is reflected in the return on investment, growth profile, etc.

Fund Information (as on 30th April, 2015)Fund Manager Neelesh Surana : 18 years of

experience in Financial Services including Fund Management & Sumit Agrawal : Over 10 years of experience in investment analysis and research including fund management & Both are Managing this fund since May 2008 & Aug 2014 respectively.

Allotment Date 4th April, 2008Net Asset Value (NAV):Regular Plan Growth Option : ` 31.467 Dividend Option : ` 17.545Direct Plan Growth Option : ` 32.181 Dividend Option : ` 23.968 Benchmark Index: S&P BSE 200AUM (` Cr.) 1027.72

Ratios@ (Annualised)Volatility 14.61%Beta 0.99R Squared 0.89Sharpe Ratio # 2.20Information Ratio 2.79Portfolio Turnover Ratio^ 0.59 times@ Please refer last page for details.

Dividend History - Regular Plan - Dividend Option

Record Date Dividend (`)

Face Value (`)

Cum NAV (`)

13-Feb-15 1.60 per unit 10 19.70927-Jan-14 1.20 per unit 10 13.19614-Mar-13 1.40 per unit 10 13.55922-Mar-12 1.50 per Unit 10 13.37610-Dec-10 1.50 per Unit 10 13.97809-Sep-09 0.90 per Unit 10 12.039Past Performance may or may not sustained in future. Pursuant to payment of dividend the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy (if applicable)

Allocation - Top 10 Sectors^

12.65%

3.10%

4.06%

4.65%

6.08%

6.23%

7.86%

8.45%

10.01%

10.26%

24.79%

0% 5% 10% 15% 20% 25% 30%

Other Sectors

Auto Ancillaries

Cement

Finance

PetroleumProducts

ConstructionProject

ConsumerNon Durables

Auto

Pharmaceuticals

Software

Banks

Îndustrywise classifi cation as recommended by AMFI

8 Fund Speak


Period NAV (` per unit)

ReturnsMAEBF CNX Midcap S&P BSE Sensex**

31st March, 2014 - 31st March, 2015 29.244 70.38% 50.96% 24.89%31st March, 2013 - 31st March, 2014 17.164 35.34% 16.36% 18.85%31st March, 2012 - 31st March, 2013 12.682 9.62% -4.02% 8.23%Since Inception (CAGR) - 31st March, 2015 29.244 25.47% 9.95% 9.97%Since Inception - 31st March, 2015 (Value INR)* 29.244 29,244 15,662 15,677Index Value (31st March, 2015) Index Value of CNX Midcap is 13,001.25 and Index value of S&P BSE Sensex is 27,957.49Date of allotment 9th July, 2010Scheme Benchmark CNX MidcapPast Performance may or may not sustained in future. Note : For computation of since inception returns (%) the allotment NAV has been taken as `10.00. In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. The performance of other funds managed by the same fund managers are given in the respective page of the schemes and on page No.15 & 16.* Value of Investment of `10,000/- Invested in the Scheme. ** Additional Alternate Benchmark.

SIP PerformanceSIP Investment Since Inception 3 Years 1 YearTotal Amount Invested 53,000 36,000 12,000 Mkt Value as of 31st March, 2015 1,14,843 71,497 17,025Return (CAGR)*(%) 36.30% 50.08% 85.78%Benchmark Return (CAGR)*(%) (CNX Midcap) 20.36% 31.03% 58.99%Add. Benchmark Return (CAGR)*(%) (S&P BSE Sensex) 15.67% 21.74% 27.39%Past Performance may or may not sustained in future. *The returns are calculated by XIRR approach assuming investment of `1000/- on the 1st working day of every month


19.31%

3.83%

4.05%

4.21%

4.70%

8.09%

8.13%

9.06%

10.42%

10.43%

16.00%

0% 5% 10% 15% 20% 25%

Other Sectors

IndustrialCapital Goods

Software

Auto Ancillaries

PetroleumProducts

IndustrialProducts

Chemicals

Finance

Pharmaceuticals

Consumer NonDurables

Banks

Îndustrywise classifi cation as recommended by AMFI.

Portfolio Top 10 holdings % AllocationEquity Shares

Yes Bank Ltd 3.86%


Sundaram Finance Ltd 3.60%

Kotak Mahindra Bank Ltd 3.31%

Hindustan Petroleum Corporation Ltd 3.12%

FAG Bearings India Ltd 2.70%

Glenmark Pharmaceuticals Ltd 2.64%

Gateway Distriparks Ltd 2.51%

Natco Pharma Ltd 2.47%

IPCA Laboratories Ltd 2.46%


Total Equities 98.22%


Total 100.00%

Fund Performance - since inception (Regular Plan Growth Option)

5

10

15

20

25

30

35

Apr-15CNX Midcap S&P BSE SENSEXMAEBF

28.609

15.287

15.146

Jul-10

Past Performance may or may not be sustained in future. The above is NAV movement of graph as on 30th April, 2015. The Scheme NAV and Benchmark index have been rebased to ̀ 10/- for illustration purposes.

Mirae Asset Emerging Bluechip Fund(An open ended equity fund)


Investment Philosophy & StyleThe portfolio has predominantly securities of companies (more than 65%) which are not part of the top 100 stocks by market capitalization and have market capitalization of at least `100 Crores at the time of investment. The fund seeks to generate consistent capital appreciation by investing in quality mid-sized companies, which have sustainable competitive advantage as is reflected in the return on investment, growth profile, etc.

Fund Information (as on 30th April, 2015)

Fund Manager Neelesh Surana : 18 years of experience in Financial Services including Fund Management. He has been managing fund since inception of the fund

Allotment Date 09th July, 2010Net Asset Value (NAV):Regular Plan Growth Option : ` 28.609 Dividend Option : ` 22.145Direct Plan Growth Option : ` 29.310 Dividend Option : ` 26.778Benchmark Index : CNX MidcapAUM (` Cr.) 702.42

Ratios@ (Annualised)Volatility 15.53%Beta 0.78R Squared 0.83Sharpe Ratio # 3.47Information Ratio 2.48Portfolio Turnover Ratio^ 0.76 times@ Please refer last page for details.



Face Value (`)

Cum NAV (`)

08-Dec-14 1.80 per unit 10 22.991

18-Mar-14 1.20 per unit 10 14.959

29-Oct-12 1.10 per unit 10 12.912

Past Performance may or may not sustained in future. Pursuant to payment of dividend the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy (if applicable)

Fund Speak 9


PeriodNAV at the

end of the period (` per unit)

Returns

MAICCF Scheme Benchmark# S&P BSE Sensex**

31st March, 2014 - 31st March, 2015 22.367 45.22% 28.25% 24.89%

31st March, 2013 - 31st March, 2014 15.402 24.73% 23.86% 18.85%

31st March, 2012 - 31st March, 2013 12.348 12.58% 13.20% 8.23%

Since Inception (CAGR) - 31st March, 2015 22.367 22.24% 19.69% 9.94%

Since Inception - 31st March, 2015 (Value INR)* 22.367 22,367 20,556 14,622

Index Value (31st March, 2015) Index Value of benchmark is 214.094 and Index value of S&P BSE Sensex is 27,957.49

Date of allotment 29th March, 2011

Scheme Benchmark# S&P India & China Weighted Index

Past Performance may or may not sustained in future. Note : For computation of since inception returns (%) the allotment NAV has been taken as `10.00. In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. The performance of other funds managed by the same fund managers are given in the respective page of the schemes and on page No.15 & 16. * Value of Investment of `10,000/- Invested in the Scheme. ** Additional Alternate Benchmark.

Portfolio Top 10 holdings % AllocationEquity Shares (Domestic & International Equities)

HDFC Bank Ltd 7.76%


Tencent Holdings 4.29%

Indusind Bank Ltd 3.21%

Maruti Suzuki India Ltd 3.21%

Asian Paints Ltd 3.16%

Britannia Industries Ltd 3.12%

Ping An Ins Grp-H 3.03%

Hero MotoCorp Ltd 3.01%

Tata Motors Ltd 2.96%


Total Equity Allocation 99.58%


Total 100.00%

Mirae Asset India-China Consumption Fund(An open ended equity oriented scheme)


Allocation - Top HoldingsDomestic Equities Sectoral Allocation^

(Top 5 holdings)

17.06%

3.37%

4.98%

9.20%

19.11%

20.86%

0% 5% 10% 15% 20% 25%

Other Sectors

Cement

Finance

Auto

Banks

Consumer

Non Durables


Allocation - Top HoldingsInternational Equities Sectoral Allocation^

(Top 5 holdings)

4.14%

2.09%

2.58%

2.86%

5.74%

7.58%

0% 1% 2% 3% 4% 5% 6% 7% 8%

Others

AutomobileManufacturers

ComputerHardware

Apparel, Accessories& Luxury Goods

Life & HealthInsurance

Internet Software& Services

Îndustrywise classifi cation as recommended by GICS.

Country Allocation

India China Cash & Other

Receivables

74.58%

25.00%

0.42%

Investment Philosophy & StyleThe fund gives investors a chance to invest in two of the world’s fastest growing countries in one go, with India portion being more than 65% of the total portfolio. The fund invests in sectors which may benefit directly or indirectly from consumption led demand in India and China. The investment is focused on businesses which have sustainable competitive advantages as is reflected in the return on investment, growth profile, etc.Fund Information (as on 30th April, 2015)

Fund Manager Neelesh Surana : 18 years of experience in Financial Services including Fund Management and managing this fund since inception ; S u m i t A g r a w a l ( D o m e s t i c Investments): Over 10 years of experience in investment analysis and research including fund management and managing this fund since August 2014 and Bharti Sawant (Overseas Investments) has 6 years of experience in Equity Research Analysis and has been managing this fund since August 2014.

Allotment Date 29th March, 2011Net Asset Value (NAV):Regular Plan Growth Option : ` 22.079 Dividend Option : ` 16.125Direct Plan Growth Option : ` 22.659 Dividend Option : ` 22.625Benchmark Index : S&P India & China Weighted Index.AUM (` Cr.) 33.13Ratios@ (Annualised)Volatility 12.57%Beta 0.80R Squared 0.57Sharpe Ratio # 2.74Portfolio Turnover Ratio ^ 0.77 times@ Please refer last page for details.



Face Value (`)

Cum NAV (`)

18-Mar-15 2.00 per unit 10 18.30220-Mar-13 1.30 per unit 10 12.28711-Dec-13 1.10 per unit 10 13.026Past Performance may or may not sustained in future. Pursuant to payment of dividend the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy (if applicable)

10 Fund Speak


PeriodNAV at the


Returns

MAGCSF Scheme Benchmark# S&P BSE Sensex**

31st March, 2014 - 31st March, 2015 10.654 -11.07% -6.07% 24.89%

31st March, 2013 - 31st March, 2014 11.980 4.11% -12.32% 18.85%

31st March, 2012 - 31st March, 2013 11.507 -4.48% -5.02% 8.23%




Date of allotment 20th August, 2008

Scheme Benchmark# S&P Pan Asia Large Midcap Commodity & Resource Capped Index


Portfolio Top 10 holdings % AllocationEquity Shares (Domestic & International Equities)

BHP Billiton Ltd 9.42%

Reliance Industries Ltd 8.26%

Oil & Natural Gas Corporation Ltd 8.14%

Petrochina Company Ltd 7.72%

China Petroleum -H- 7.10%

Cnooc Ltd 6.98%

Rio Tinto Ltd 4.85%

Woodside Petroleum Ltd 4.17%

Vedanta Ltd 4.11%

Coal India Ltd 3.55%


Equity Total 99.71%

Cash & Cash Equivalents 0.29%

Total 100.00%

Mirae Asset Global Commodity Stocks Fund(An open ended equity fund)


Domestic Equities Sectoral Allocation ^

3.55%

5.70%

9.95%

10.15%

0% 2% 4% 6% 8% 10%12%

Minerals/Mining

Non - FerrousMetals

Oil

PetroleumProducts


Investment Philosophy & StyleThe Fund offers investors access to commodity as an asset class by way of investments into commodity stocks of leading global companies involved directly or indirectly with the commodities business. The fund primarily invests in stocks in Asia Pacific markets and emerging markets thus offering investors an avenue to diversify beyond local boundaries.


Fund Manager Gopal Agrawal : Over 14 years of experience in Fund Management and managing this fund since i n c e p t i o n & B h a r t i S a w a n t (Overseas Investments): has 6 years of experience in Equity Research Analysis and has been managing this fund since August 2014.

Allotment Date 20th August, 2008Net Asset Value (NAV):Regular Plan Growth Option : ` 11.655 Dividend Option : ` 11.655 Direct Plan Growth Option : ` 11.858 Dividend Option : ` 11.803Benchmark Index : S&P Pan Asia Large Midcap Commodity & Resources Capped Index.AUM (` Cr.) 9.71

Ratios@ (Annualised)

Volatility 15.56%Beta 0.96R Squared 0.85Sharpe Ratio # -0.77Portfolio Turnover Ratio^ 0.16 times@ Please refer last page for details.

International Equities Sectoral Allocation ^

10.53%

3.93%

4.92%

15.90%

17.26%

17.83%

0% 5% 10% 15% 20%

Others

Paper Packaging

ConstructionMaterials

DiversifiedMetals & Mining

Oil & Gas Exploration& Production

IntegratedOil & Gas


Country Allocation

China

KoreaIndia Australia Hong Kong

OthersPapua New Guinea

29.79%

29.35%

25.47%

4.63%

4.34%2.11%

4.02%

Fund Speak 11


PeriodNAV at the


Returns

MACAF MSCI China (INR) S&P BSE Sensex**

31st March, 2014 - 31st March, 2015 15.119 16.75% 25.36% 24.89%

31st March, 2013 - 31st March, 2014 12.950 17.93% 8.84% 18.85%

31st March, 2012 - 31st March, 2013 10.981 8.01% 10.50% 8.23%


Since Inception - 31st March, 2015 (Value INR)* 15.119 15.119 15,017 17,404

Index Value (31st March, 2015) Index value for benchmark is 576.103 and Index value of S&P BSE Sensex is 27,957.49

Date of allotment 5th November, 2009

Scheme Benchmark MSCI China (INR)


Portfolio Top 10 holdings % AllocationMutual Fund Units & ETF

Mirae Asset China Sector Leader Equity Fund 95.75%

Total Allocation to International Mutual Fund Units 95.75%


Total 100.00%

Portfolio Holdings of Underlying Fund as on 31st March, 2015

*Equity Shares

Tencent Holdings Ltd 9.70%

Ping An Insurance Group Co. of China Ltd 7.90%

Industrial & Commercial Bank of China Ltd 6.80%

Great Wall Motor Co. Ltd 5.10%

Sunny Optical Technology (Group) Co. Ltd 4.00%

China Resources Gas Group Limited 3.90%

China Merchants Bank 3.80%

Xinyi Solar Holdings Ltd. 3.80%

Alibaba Group Holding Ltd. Sponsored ADR 3.50%

Chongqing Changan Automobile 3.40%

Others 48.10%

Total 100.00%

* Values are rounded off

The underlying Fund Holdings are given with a 2 months lag as per the internal portfolio holding release guidelines for SICAV Funds.

Mirae Asset China Advantage Fund(An open ended fund of funds scheme)



3.4%

1.2%

3.0%

7.5%

7.6%

8.7%

11.8%

23.1%

33.7%

0% 5% 10%15%20%25%30%35%40%

Cash

ConsumerStaples

Materials

Industrial

Utilities

Healthcare

Cons.Discretionery

IT

Financial


Market Capitalization Allocation (Figures in USD Billion)

3.4%

12.8%

35.4%

48.5%

0% 10% 20% 30% 40% 50% 60%

Cash

Small Cap:(USD < 2Bln)

Mid Cap:(USD 2 - 10Bln)

Large Cap:(USD > 10Bln)

Investment Philosophy & StyleThe Fund invests in an underlying fund, which invests in equities of sector leading companies domiciled in, or exercising a large portion, of their economic activity in China and Hong Kong. The fund gives investors an opportunity to invest in China companies with high investment potential. The emphasis on market leaders gives the fund a bias towards large / mid-cap names. Fund is positioned to take advantages of the growth opportunities related to the secular and structural changes in China.


Fund Manager Bharti Sawant has 6 years of experience in Equity Research Analysis and has been managing this fund since August 2014.

Allotment Date 05th November, 2009

Net Asset Value (NAV):

Regular Plan Growth Option : ` 17.550 Dividend Option : ` 17.550

Direct Plan Growth Option : ` 17.855 Dividend Option : ` 17.829

Benchmark Index : MSCI China (in INR Terms)

AUM (` Cr.) 21.53

Ratios@ (Annualised)Volatility 16.06%Beta 0.68R Squared 0.60Sharpe Ratio # 1.88

@ Please refer last page for details.

12 Fund Speak

Mirae Asset Cash Management Fund(An open ended liquid scheme)

CRISIL AAAmfs Rated ~



Certificate of Deposit

Syndicate Bank 28.11%

Bank of India 23.61%

Oriental Bank of Commerce 13.80%

Oriental Bank of Commerce 13.78%


State Bank of Hyderabad 6.87%

Axis Bank Ltd 6.86%

Certificate of Deposit Total 99.90%

CBLO / Repo 0.09%

Net Receivables / (Payables) 0.01%

Cash & Other Receivables Total 0.10%

Total 100.00%

Dividend History - Monthly Regular Plan


Face Value (`)

Cum NAV (`)

24-Apr-15 5.7614 per unit 1000 1,150.4246

24-Mar-15 5.0662 per unit 1000 1,149.0075

24-Feb-15 4.8739 per unit 1000 1,148.3751


Allocation

Certificate ofDeposites

Cash & OtherReceivables

3.77%

99.90%

0.10%

Rating Profile

A1+ Cash & Other

Receivables

99.90%

0.10%


PeriodNAV at the


Returns

MACMF Crisil Liquid Fund Index Crisil 1 Year T-Bill**

Last 7 Days till 31st March, 2015 1477.5816 0.15% 0.12% 0.15%



31st March, 2014 - 31st March, 2015 1477.5816 8.67% 8.85% 8.53%

31st March, 2013 - 31st March, 2014 1359.6797 8.46% 9.46% 5.77%

31st March, 2012 - 31st March, 2013 1253.6599 7.69% 8.22% 8.37%


Since Inception - 31st March, 2015 (Value INR)* 1477.5816 14,775.82 15,664.55 14,222.10

Index Value (31st March, 2015) Index Value of benchmark is 2,317.76 and Index value of Crisil 1 Year T-Bill is 4,126.20

Date of allotment 12th January, 2009

Scheme Benchmark Crisil Liquid Fund Index

Past Performance may or may not sustained in future. $ For computation of since inception returns (%) the allotment NAV has been taken as `1000.00. In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. Returns (%) for less than 1 year calculated on simple annualized basis. Load is not considered for computation of returns. The performance of other funds managed by the same fund managers are given in the respective page of the schemes and on page No. 17. ** Additional Alternate Benchmark.* Value of Investment of `10,000/- Invested in the Scheme. ~ Refer last page for disclaimer.

Investment ObjectiveThe investment objective of the scheme is to generate consistent returns with a high level of liquidity in a judicious portfolio mix comprising of money market and debt instruments. The Scheme does not guarantee any returns.

Investment StrategyThe fund is positioned at the low end of the risk return scale

l Product offering with minimal interest rate risk

l Maintaining High Liquidity: Since the underlying investments will be in Bank CDs, Overnight instruments / CBLO and other debt instruments linked to short end rates, the fund manager can redeem instruments at a short notice

l We will try to maintain average maturity of around 20 - 60 days.

*This scheme is not an assured returns scheme.


Fund Manager Mr. Yadnehsh Chavan has Over 9 years of experience in Investment Industry and has been managing this fund since December 2010.

Allotment Date 12th January, 2009

Net Asset Value (NAV): Regular Plan Growth Option : ` 1487.9510 Direct Plan Growth Option : ` 1494.2988

Benchmark Index : Crisil Liquid Fund Index

AUM (` Cr.) 72.42

Ratios@ (Annualised)Weighted Average Maturity 24.11 daysModified Duration 0.07 YearsYield to Maturity 8.23%@ Please refer last page for details.

Fund Speak 13

Mirae Asset Ultra Short Term Bond Fund(An open ended debt scheme)





Axis Bank Ltd 15.91%

Syndicate Bank 15.41%

Canara Bank 11.23%

Corporation Bank 10.28%

Certificate of Deposit - Total 75.17%

CBLO / Repo 23.30%

Net Receivables / (Payables) 1.53%

Cash & Other Receivables - Total 24.83%

Total 100.00%

Rating Profile

A1+ Cash & Other

Receivables

73.73%

75.17%

24.83%

Dividend History - Monthly Institutional Plan


Face Value (`)

Cum NAV (`)

24-Apr-15 4.5457 per unit 1000 1085.9563

24-Mar-15 4.1858 per unit 1000 1084.7300

24-Feb-15 3.1000 per unit 1000 1082.5934


Performance Report - Institutional Plan - Growth Option

PeriodNAV at the


Returns

MAUSTBF Crisil Liquid Fund Index Crisil 1 year T-Bill**

31st March, 2014 - 31st March, 2015 1470.3081 7.85% 8.85% 8.53%

31st March, 2013 - 31st March, 2014 1363.3058 8.03% 9.46% 5.77%

31st March, 2012 - 31st March, 2013 1261.9694 8.36% 8.22% 8.37%






Past Performance may or may not sustained in future. $ For computation of since inception returns (%) the allotment NAV has been taken as `1000.00. In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. The performance of other funds managed by the same fund managers are given in the respective page of the schemes and on page No. 17. ** Additional Alternate Benchmark.* Value of Investment of `10,000/- Invested in the Scheme.

Investment ObjectiveThe 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.

Investment Strategyl MAUSTBF is positioned between liquid funds and

short-term plans with respect to the risk-return matrix.l In terms of credit quality, the fund aims to primarily

invest in a mix of highest rated instruments (i.e A1+ for money market instruments, AAA for corporate bonds category)

l The fund will try to position itself in the high quality and medium / low interest rate sensitive debt securities.

l We will try to maintain average maturity of around 60 - 180 days.


Fund Manager Mr. Yadnesh Chavan has Over 9 years of experience in Investment Industry and has been managing this fund since December 2010.

Allotment Date 5th March, 2008

Net Asset Value (NAV): Institutional Growth Option : ` 1246.6212 Direct Plan Growth : ` 1267.2781

Benchmark Index : Crisil Liquid Fund Index

AUM (` Cr.) 29.63

Ratios@ (Annualised)

Weighted Average Maturity 106.5 daysModified Duration 0.29 yearsYield to Maturity 8.16%

@ Please refer last page for details.

Allocation

Certificate ofDeposits

Cash & OtherReceivables

73.73%

26.27%

75.17%

24.83%

14 Fund Speak

Mirae Asset Short Term Bond Fund(An open ended debt fund)




Corporation Bank 35.83%

Canara Bank 29.81%


Certificate of Deposit - Total 86.29%

CBLO / Repo 14.81%

Net Receivables / (Payables) -1.10%

Cash & Other Receivables - Total 13.71%

Total 100.00%

Allocation

Certificate ofDeposits

Others

-

86.29%

13.71%


PeriodNAV at the


Returns

MASTBF Crisil Short Term Bond Fund Index Crisil 1 year T-Bill**

31st March, 2014 - 31st March, 2015 14.1593 8.19% 10.13% 8.53%

31st March, 2013 - 31st March, 2014 13.0878 8.00% 8.79% 5.77%

31st March, 2012 - 31st March, 2013 12.1186 7.38% 9.10% 8.37%




Date of allotment 3rd August, 2009

Scheme Benchmark Crisil Short Term Bond Fund Index

Past Performance may or may not sustained in future. $ For computation of since inception returns (%) the allotment NAV has been taken as `10.00. In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. The performance of other funds managed by the same fund managers are given in the respective page of the schemes and on page No. 17. ** Additional Alternate Benchmark.* Value of Investment of `10,000/- Invested in the Scheme.

Dividend History - Monthly Regular Plan


Face Value (`)

Cum NAV (`)

24-Apr-15 0.0497 per unit 10 10.3269

24-Mar-15 0.0449 per unit 10 10.3162

24-Feb-15 0.0862 per unit 10 10.3698


Investment ObjectiveThe investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and money market instruments. The Scheme does not guarantee any returns.

Investment Strategyl The fund shall endeavor to capture the debt market

returns based on evolving rate and macro-economic environment.

l The fund aims to benefit from current higher yields and potential trending down in yields in medium term.

l In terms of credit quality, the fund aims to invest in a mix of highest rated (P1+/A1+) debt / money market instruments at the short end and AAA and AA category at long end.

l The fund will try to position itself in the high quality and medium interest rate sensitive debt securities.

l The fund management team will primarily use a top down approach for taking interest rate view, sector allocation along with bottom up approach for security, instrument selection.

l The bottom up approach will assess the quality of the security / instrument (including the financial health of the issuer) as well as liquidity of the security.


Fund Manager Mr. Yadnesh Chavan has Over 9 years of experience in Investment Industry and has been managing this fund since December 2010.

Allotment Date 3rd August, 2009Net Asset Value (NAV): Regular Plan Growth Option : ` 14.2316 Direct Plan Growth Option : ` 14.4486Benchmark Index : Crisil Short Term Debt IndexAUM (` Cr.) 4.78

Ratios@ (Annualised)Weighted Average Maturity 160.11 daysModified Duration 0.44 YearsYield to Maturity 8.20%@ Please refer last page for details.

Rating Profile

A1+ Others

86.29%

13.71%

Fund Speak 15

Fund Performance For all Equity Funds

Performance of funds managed by Gopal Agrawal, Neelesh Surana, Sumit Agrawal & Bharti Sawant (Overseas Investments)

Mirae Asset India Opportunities Fund (MAIOF) - Fund Manager - Neelesh Surana & Sumit Agrawal


ReturnsMAIOF S&P BSE 200 S&P BSE Sensex**

31st March, 2014 - 31st March, 2015 32.427 46.99% 31.93% 24.89%

31st March, 2013 - 31st March, 2014 22.060 25.09% 17.19% 18.85%

31st March, 2012 - 31st March, 2013 17.522 8.32% 6.03% 8.23%



Index Value (31st March, 2015) Index Value of S&P BSE 200 is 3537.55 and Index value of S&P BSE Sensex is 27,957.49

Date of allotment 4th April, 2008

Scheme Benchmark S&P BSE 200

Mirae Asset India Opportunities Fund (MAIOF) - SIP Performance

SIP Investment Since Inception 5 Years 3 Years 1 YearTotal Amount Invested 83,000 60,000 36,000 12,000

Mkt Value as of 31st March, 2015 1,89,173 1,07,095 57,803 14,004

Fund Return (CAGR)*(%) 23.46% 23.41% 33.39% 32.54%

Benchmark Return (CAGR)*(%) (S&P BSE 200) 14.84% 15.36% 22.79% 20.08%

Add. Benchmark Return (CAGR)*(%) (S&P BSE Sensex) 13.72% 14.13% 19.94% 12.98%

Mirae Asset Emerging Bluechip Fund (MAEBF) - Fund Manager - Neelesh Surana


ReturnsMAEBF CNX Midcap S&P BSE Sensex**

31st March, 2014 - 31st March, 2015 29.244 70.38% 50.96% 24.89%

31st March, 2013 - 31st March, 2014 17.164 35.34% 16.36% 18.85%

31st March, 2012 - 31st March, 2013 12.682 9.62% -4.02% 8.23%



Index Value (31st March, 2015) Index Value of CNX Midcap is 13,001.25 and Index value of S&P BSE Sensex is 27,957.49

Date of allotment 9th July, 2010

Scheme Benchmark CNX Midcap

Mirae Asset Emerging Bluechip Fund (MAEBF) - SIP Performance

SIP Investment Since Inception 3 Years 1 YearTotal Amount Invested 53,000 36,000 12,000

Mkt Value as of 31st March, 2015 1,14,843 71,497 17,025

Return (CAGR)*(%) 36.30% 50.08% 85.78%

Benchmark Return (CAGR)*(%) (CNX Midcap) 20.36% 31.03% 58.99%

Add. Benchmark Return (CAGR)*(%) (S&P BSE Sensex) 15.67% 21.74% 27.39%

Mirae Asset India China Consumption Fund (MAICCF) - Fund Manager - Neelesh Surana, Sumit Agrawal & Bharti Sawant (Overseas Investments)

PeriodNAV at the


Returns

MAICCF Scheme Benchmark # S&P BSE Sensex**

31st March, 2014 - 31st March, 2015 22.367 45.22% 28.25% 24.89%

31st March, 2013 - 31st March, 2014 15.402 24.73% 23.86% 18.85%

31st March, 2012 - 31st March, 2013 12.348 12.58% 13.20% 8.23%





Scheme Benchmark # S&P India & China Weighted Index

16 Fund Speak

Fund PerformanceFor all Equity Funds (contd....)

Performance of funds managed by Gopal Agrawal, Neelesh Surana, Sumit Agrawal & Bharti Sawant (Overseas Investments)

Mirae Asset Global Commodity Stocks Fund (MAGCSF) - Fund Manager - Gopal Agrawal & Bharti Sawant (Overseas Investments)

PeriodNAV at the


Returns

MAGCSF Scheme Benchmark # S&P BSE Sensex**

31st March, 2014 - 31st March, 2015 10.654 -11.07% -6.07% 24.89%

31st March, 2013 - 31st March, 2014 11.980 4.11% -12.32% 18.85%

31st March, 2012 - 31st March, 2013 11.507 -4.48% -5.02% 8.23%




Date of allotment 20th August, 2008

Scheme Benchmark # S&P Pan Asia Large Midcap Commodity & Resource Capped Index

Mirae Asset China Advantage Fund (MACAF) - Fund Manager - Bharti Sawant

PeriodNAV at the


Returns

MACAF MSCI China (INR) S&P BSE Sensex**

31st March, 2014 - 31st March, 2015 15.119 16.75% 25.36% 24.89%31st March, 2013 - 31st March, 2014 12.950 17.93% 8.84% 18.85%31st March, 2012 - 31st March, 2013 10.981 8.01% 10.50% 8.23%Since Inception (CAGR) - 31st March, 2015 15.119 7.95% 7.82% 10.80%Since Inception - 31st March, 2015 (Value INR)* 15.119 15.119 15,017 17,404

Index Value (31st March, 2015) Index value for benchmark is 576.103 and Index value of S&P BSE Sensex is 27,957.49

Date of allotment 5th November, 2009

Scheme Benchmark MSCI China (INR)

Past Performance may or may not sustained in future. $ For computation of since inception returns (%) the allotment NAV has been taken as `10.00. In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. Load is not considered for computation of return. The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. Returns provided are for Regular Plan-Growth Option. Return(%) for less than 1 year are calculated on simple annualized basis. CAGR - Compounded Annualised Growth returns. *As per SEBI standard on performance disclosure, returns in INR terms based on a standard investment of `10,000/- have been shown only for Schemes that have been in existence for more than three years. NAV (per unit) is at the end of the period. **Alternate Scheme - Benchmark.SIP Investment Amount per Month = `1,000/-. SIP Valuation Date = 31st March, 2015. The returns are calculated by XIRR approach assuming investment of `1000/- on the 1st working day of every month

S&P Disclaimer:“S&P Pan Asia Large Midcap Commodity & Resource Capped Index and S&P India & China Weighted Index (the “Index”) are the exclusive property of S&P Opco. LLC, a subsidiary of S&P Dow Jones Indices LLC (“S&P Dow Jones Indices”) and / or its affiliates. Mirae Asset Global Investments (India) Pvt. Ltd. has contracted with S&P Down Jones Indices to calculate and maintain the Index. Neither S&P Dow Jones Indices nor any of its affiliates shall be liable to Mirae Asset Global Investments (India) Pvt. Ltd. for any loss or damage, direct, indirect or consequential, arising from (i) any inaccuracy or incompleteness in, or delays, interruptions, errors or omission in the delivery of, the Index or any data related thereto or (ii) any decision made or action taken by Mirae Asset Global Investments (India) Pvt Ltd in reliance upon such Index and / or data. Neither S&P Dow Jones Indices nor its affiliates shall be liable to Mirae Asset Global Investments (India) Pvt. Ltd. for loss of business revenues, lost profits or any punitive, indirect, consequential, special or similar damages whatsoever, whether in contract, tort or otherwise, even if advised of the possibility of such damages. Mirae Asset Global Investments (India) Pvt. Ltd. expressly acknowledges that S&P Dow Jones Indices and its affiliates do not make any warranties, express or implied, with respect to the Index and / or its related data, including, without limitation, (i) any warranties with respect to the timeliness, sequence, accuracy, completeness currentness, merchantability, quality or fitness for a particular purpose of such Index and / or data or (ii) any warranties as to the results to be obtained by the Mirae Asset Global Investments (India) Pvt. Ltd. or any other person or entity in connection with use of such Index and / or data.”

Fund Speak 17

Fund PerformanceFor all Debt Funds

Performance of funds managed by Mr. Yadnesh Chavan

Mirae Asset Cash Management Fund (MACMF)

PeriodNAV at the


Returns

MACMF Crisil Liquid Fund Index Crisil 1 year T-Bill**




31st March, 2014 - 31st March, 2015 1477.5816 8.67% 8.85% 8.53%

31st March 2013 - 31st March, 2014 1359.6797 8.46% 9.46% 5.77%

31st March, 2012 - 31st March, 2013 1253.6599 7.69% 8.22% 8.37%




Date of allotment 12th January, 2009


Mirae Asset Ultra Short Term Bond Fund (MAUSTBF)

PeriodNAV at the


Returns

MAUSTBF Crisil Liquid Fund Index Crisil 1 year T-Bill**

31st March, 2014 - 31st March, 2015 1470.3081 7.85% 8.85% 8.53%

31st March, 2013 - 31st March, 2014 1363.3058 8.03% 9.46% 5.77%

31st March, 2012 - 31st March, 2013 1261.9694 8.36% 8.22% 8.37%







PeriodNAV at the


Returns

MASTBF Crisil Short Term Bond Fund Index Crisil 1 year T-Bill**

31st March, 2014 - 31st March, 2015 14.1593 8.19% 10.13% 8.53%31st March, 2013 - 31st March, 2014 13.0878 8.00% 8.79% 5.77%31st March, 2012 - 31st March, 2013 12.1186 7.38% 9.10% 8.37%Since Inception (CAGR) - 31st March, 2015 14.1593 6.34% 7.85% 7.20%Since Inception - 31st March, 2015 (Value INR)* 14.1593 14,159.30 15,331.46 13,907.42


Date of allotment 3rd August, 2009

Scheme Benchmark Crisil Short Term Bond Fund Index

Past Performance may or may not sustained in future. $ For computation of since inception returns (%) the allotment NAV has been taken as `10.00 for MASTBF and `1000.00 for MACMF & MAUSTBF. In case, the start / end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. Returns (%) for less than 1 year calculated on simple annualized basis. Load is not considered for computation of returns.The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. Returns provided are for Regular Plan-Growth Option. CAGR - Compounded Annualised Growth returns. *As per SEBI standard on performance disclosure, returns in INR terms based on a standard investment of `10,000/- have been shown only for Schemes that have been in existence for more than three years. NAV (per unit) is at the end of the period. **Alternate Scheme - Benchmark. For MAUSTBF the returns are for Institutional Plan - Growth Option.

18 Fund Speak

Product Labelling

Name of the Scheme These products are suitable for investors who are seeking*

Mirae Asset India Opportunities Fund (MAIOF)

l long-term capital appreciation

l investments in equities, equity related securities

l High Risk (BROWN)

Mirae Asset Emerging Bluechip Fund (MAEBF)


l predominantly investments in Indian equities and equity related securities of companies which are not part of the top 100 stocks by market capitalization

l High Risk (BROWN)

Mirae Asset India-China Consumption Fund (MAICCF)


l investment in equity and equity related securities of companies benefiting directly or indirectly from consumption led demand in India / China.

l High Risk (BROWN)

Mirae Asset Global Commodity Stocks Fund (MAGCSF)


l investment 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.

l High Risk (BROWN)

Mirae Asset China Advantage Fund (MACAF)


l investment predominantly in units of MACSLEF (Mirae Asset China Sector Leader Equity Fund) and / or units of other mutual fund schemes, ETFs, 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

l High Risk (BROWN)

Mirae Asset Cash Management Fund (MACMF)

l optimal returns over short term

l investment in a portfolio of short duration money market and debt instruments

l Low Risk (BLUE)

Mirae Asset Ultra Short Term Bond Fund (MAUSTBF)

l optimal returns over medium term

l investment in a portfolio of debt and money market instruments

l Low Risk (BLUE)


l optimal returns over short to medium term

l investment in an actively managed diversified portfolio of debt and money market instruments

l Low Risk (BLUE)

*Investors should consult their financial advisors if they are not clear about the suitability of the product.

Note: Risk is represented as:

(BLUE) investors understand that their principal will be at low risk

(YELLOW) investors understand that their principal will be at medium risk

(BROWN) investors understand that their principal will be at high risk

Fund Speak 19

For Equity Funds:Current Expense Ratio for Growth Option (#)(E ffective Date 01st October, 2012)Regular Plan:On the first 100 crores daily net assets 2.50%On the next 300 crores daily net assets 2.25%On the next 300 crores daily net assets 2.00%On the balance of the net assets 1.75%In addition to the above a charge of 20 bps on the daily net assets; Plus, a proportionate charge in respect sales beyond T-15 cities subject to maximum of 30 bps on daily net assets may also be charged (currently not being charged).Excluding service tax on Investment Management Fee.For Direct Plans (Effective Date 01st January, 2013)#:The above expense ratio will also be applicable for Direct Plans except that the Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc. and no commission for distribution of Units will be paid / charged under Direct Plan.(#) Any change in the expense ratio will be updated on AMC Website.

For Liquid / Debt Funds:Current Expense Ratio for Growth Option (#)(Effective Date 01st October, 2012)Regular / Institutional PlanOn the first 100 crores daily net assets 2.25%On the next 300 crores daily net assets 2.00%On the next 300 crores daily net assets 1.75%On the balance of the net assets 1.50%In addition to the above a charge of 20 bps on the daily net assets; Plus, a proportionate charge in respect sales beyond T-15 cities subject to maximum of 30 bps on daily net assets may also be charged (currently not being charged).Excluding service tax on Investment Management Fee.For Direct Plans (Effective Date 01st January, 2013)#:The above expense ratio will also be applicable for Direct Plans except that the Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc. and no commission for distribution of Units will be paid / charged under Direct Plan.(#) Any change in the expense ratio will be updated on AMC Website.

@The Volatility, Beta, R Squared, and Sharpe Ratio & Information Ratio are calculated on returns from one year daily data points. # Risk free rate: average of 91 day T bill rate over 1 year. Average calculated from May14 to April 15. ^Basis last rolling 12 month.

Dividend is gross dividend. As per current Income Tax Rules, for financial year 2014-15 dividend under equity scheme is tax free in the hands of investors, whereas for Dividend under Debt schemes applicable dividend distribution tax, if any, needs to be adjusted by the AMC. The fiscal rules / tax laws are subject to change. For further details, please refer to the section titled “Taxation” in the Statement of Additional Information of Mirae Asset Mutual Fund. In view of the individual nature of tax consequences, each investor is advised to consult his / her professional tax advisor. For complete dividend history details please refer to our website www.miraeassetmf.co.in

Statutory Details: Sponsor: Mirae Asset Global Investments Company Limited. Trustee: Mirae Asset Trustee Company Private Limited; Investment Manager: Mirae Asset Global Investments (India) Private Limited.

Investment Objective: Mirae Asset India Opportunities Fund (An open-ended equity oriented scheme): 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. Asset Allocation: (1) Indian Equities and Equity Related Securities: 65-100% (2) Money market instruments / debt securities Instruments: 0-35% (Including up to 25% of corpus in securitized debt).Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers.

Investment Objective: Mirae Asset Emerging Bluechip Fund (An open ended equity fund) - 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 ̀ 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 at least `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 upto 20% of corpus in securitized debt): 0-35%. Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers.

Investment Objective: Mirae Asset India-China Consumption Fund (An open ended equity oriented scheme) - 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. Asset Allocation : (1) Indian Equities and Equity Related Securities of companies that are likely to benefit either directly or indirectly from consumption led demand: 65-90% (2) Chinese Equities and Equity Related Securities of companies that are likely to benefit either directly or indirectly from consumption led demand: 10-35%; (3) Money market instruments / debt securities Instruments and / or units of debt / liquid schemes of domestic Mutual Funds: 0-25%. Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers

Investment Objective: Mirae Asset Global Commodity Stocks Fund (An open-ended equity fund): 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. Asset Allocation: (1) Asia Pacific and / or Emerging Markets Equities and Equity Related Securities (excluding Indian equities and equities related securities) of companies that are engaged in commodity and commodities related sectors / sub sectors / industries: 65-100% (2) Indian Equities and Equity Related Securities, including but not limited to those that are engaged in commodity and commodities related sectors / sub sectors / industries: 0-35% (3) Money market instruments / debt securities Instruments** (Including upto 25% of corpus in securitized debt): 0-35%. Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers.

Investment Objective: Mirae Asset China Advantage Fund (An open-ended fund of funds scheme): 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. Asset Allocation: (1) 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 having their area of primary activity in China and Hong Kong*: 80-100% (2) Money market instruments / debt securities Instruments** and / or units of debt / liquid schemes of domestic Mutual Funds: 0-20% (*Equity and Equity related instruments include convertible debentures, equity warrants, convertible preference shares, equity derivatives etc. ** Debt instruments include securitized debt upto 20% of corpus). 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 website by 10 a.m. of the following Business Day. Investors should also be aware that the underlying scheme(s) could charge entry load / exit load which may affect the returns to the investors. The load structure of the underlying scheme(s) may change from time to time.

Investment Objective: Mirae Asset Cash Management Fund (An open-ended debt scheme): The investment objective of the scheme is to generate consistent returns with a high level of liquidity in a judicious portfolio mix comprising of money market and debt instruments. The Scheme does not guarantee any returns. Asset Allocation: (1) Money Market Instruments (including Cash, Reverse Repo, CBLO) MIBOR linked instruments : 20 - 100%. (2) Debt Instruments with residual maturity upto 91 days ony : 0 - 80%. Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers and on the AMC & AMFI website. Load Structure : Entry Load - N.A. Exit Load - Nil.

Investment Objective: Mirae Asset Ultra Short Term Bond Fund (An open-ended debt scheme): 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. Asset Allocation: (1) Money Market Instruments and debt instruments with residual maturity and repricing tenor not exceeding 1 year: 50% to 100% (2) Debt Instruments with residual maturity and repricing tenor exceeding 1 year (including Securitized Debt upto 50% of net assets): 0% to 50%. Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers and on the AMC / AMFI website.. Load Structure: Entry Load - NA, Exit Load - Nil

Investment Objective: Mirae Asset Short Term Bond Fund (An open ended Debt scheme): 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. Asset Allocation: (1) Money Market Instruments and debt instruments with residual maturity and repricing tenor not exceeding 182 days: 20-100% (2) Debt Instruments with residual maturity and repricing tenor exceeding 182 days: 0-80% (The Scheme may invest upto 50% of net assets in securitized debt). Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers and on the AMC / AMFI website. Load Structure: Entry Load - NA, Exit Load - If redemption within 6 months (180 days) from the date of allotment 0.5% If redemption after 6 months (180 days) from the date of allotment - Nil

~ Crisil Disclaimer : A Crisil credit quality rating on a bond fund reflects Crisil’s current opinion on the degree of protection offered by the rated instrument from losses related to credit defaults. It does not constitute an audit by Crisil of the fund house, the scheme, or companies in the scheme’s portfolio. Crisil ratings are based on information provided by the issuer or obtained by Crisil from sources it considers reliable. Crisil does not guarantee the completeness or accuracy of the information on which the rating is based. A Crisil rating is not a recommendation to buy, sell or hold the rated scheme. It does not comment on the market price or suitability for a particular investor. All Crisil ratings are under surveillance. The assigned rating Crisil AAAmfs is valid only for “Mirae Asset Cash Management Fund”. The rating of Crisil is not an opinion on the Asset Management Company’s willingness or ability to make timely payments to the investor. The rating is also not an opinion on the stability of the NAV of the Fund, which could vary with market developments. Crisil reserves the right to suspend, withdraw or revise its rating at any time, on the basis of any new information or unavailability of information or any other circumstances, which Crisilbelieves may have an impact on the rating.

For Fund of Funds:Current Expense Ratio for Growth Option (#)(Effective Date 1st October, 2012 is 2.50%)In addition to the above a charge of 20 bps on the daily net assets; Plus, a proportionate charge in respect sales beyond T-15 cities subject to maximum of 30 bps on daily net assets may also be charged (currently not being charged).*Excluding Service Tax on Investment Management Fees, if any.** includes expenses charged by the underlying fund as well.For Direct Plans (Effective Date 01st January, 2013)#:The above expense ratio will also be applicable for Direct Plans except that the Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc. and no commission for distribution of Units will be paid / charged under Direct Plan. **The investors, in addition to the above recurring expense shall also bear the recurring expense of the underlying scheme. However the total recurring expenses (including the recurring expense of the underlying scheme) will not exceed 2.7% p.a.(#) Any change in the expense ratio will be updatedon AMC Website.

Invest in Mirae Asset Emerging Bluechip Fund

(An open ended equity fund)

Today’s Bluechips were Emerging companies not long ago. Mirae Asset now offers you an opportunity to tap into the value of today’s mid and small sized* companies which have the potential to perform well in the coming years. Invest in Mirae Asset Emerging Bluechip Fund. It could be the most invaluable decision you ever took.* As per scheme mandate.

Product Labelling

This product is suitable for investors who are seeking* Note: Risk is represented as


l Predominantly investments in Indian equities and equity related securities of companies which are not part of the top 100 stocks by market capitalization

l High Risk (BROWN)

(BLUE) investors understand that their principal will be at low risk

(YELLOW) investors understand that their principal will be at medium risk

(BROWN) investors understand that their principal will be at high risk

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Spot the potential early

Documents

*Launch Date: 4 April 2008. Past performance is no ... target of moderating CPI inflation to 4% We expect another 25-50 bps rate cut in current fiscal. ... CBLO 8.28 8.83 3 month CD