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Monday, September 29, 2014

Mirae Asset Balanced Fund files offer document with Sebi

An open ended balanced scheme 

Mirae Asset Mutual Fund has filed offer document with Sebi to launch Mirae Asset Balanced Fund, an open ended balanced scheme. The New Fund Offer price is Rs 10 per unit. 

Investment objective: The investment objective of the scheme is to generate capital appreciation along with current income from a combined portfolio of equity & equity related instruments and debt and money market instruments. 

Plans/ option(s): Growth and dividend (payout & reinvestment) options under both regular plan and direct plan. 

Benchmark: CRISIL Balanced Fund Index 

Entry load: Not applicable 

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 

Minimum Application Amount: Rs.5,000 and in multiples of Re 1 thereafter. 

Minimum Target Amount: Rs 10 crore 

Asset Allocation: The scheme shall invest 65-85% in equity and equity related instruments (equity and equity related instruments include convertible debentures, equity warrants, convertible preference shares, etc) and 15-35% in debt & money market instruments. 

Fund Managers: Neelesh Surana and Yadnesh Chavan 
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