Mirae Asset introduces Mirae Asset Emerging Bluechip Fund

Mirae Asset launched its New Fund Offer called Mirae Asset Emerging Bluechip Fund, which is an Open Ended Equity Diversified Fund. The Offer would remain open between Monday, May 24, 2010 and Tuesday, June 22, 2010

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

The fund would offer two options: Growth and Dividend (Dividend option would have Payout or Reinvestment as sub-options). The Minimum Investment Amount would initially be Rs.5,000/- and in multiples of Re.1/- thereafter

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