Mirae Asset India-China Consumption Fund

Mirae Asset India-China Consumption Fund is one of the best performing funds in its category. This fund is managed by Gopal Agrawal & Neelesh Surana. The fund is barely 1.5 years old. We advise against investing in funds that do not have a minimum of three years of performance record. As long as the India story has not lost its charm investors can continue to find means to grow wealth from investments in India itself.

Where does Mirae Asset India-China Consumption Fund invest your money?

Mirae Asset India-China Consumption Fund is a multi cap, consumption theme fund which means your money will be invested in stocks of companies in the consumption business in India and China. Mirae Asset India-China Consumption Fund has about 68% exposure to large cap companies, 16% exposure to mid cap companies and 16% to small cap companies. Although large cap companies are more stable it is the mid cap stocks that bring kicker returns.

Suitable for what?
  • Creating wealth
  • Lifestyle needs
  • Short term needs
Not suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
How has Mirae Asset India-China Consumption Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Mar 2011, your value of investments would be around Rs 1.23 lakhs. This is a new fund in its category. It has been giving around 15% returns for those who have stayed invested since inception. 

Assume you had invested Rs 10,000 every month in this fund through SIP since inception today you would have around Rs 1.97 lakhs.

How will Mirae Asset India-China Consumption Fund perform in the future?

Needless to say no one can predict the future of markets. We have firm belief in the future prospects of the Indian economy. If the Indian economy grows at 9% then the leading companies tend to do well. When the companies do well their stock prices follows their performance. So if you expect the economy to grow at 8% then you can expect top performing mutual funds to give you returns in excess of 14%.

Mutual fund schemes that have exposure to mid sized companies tend to show results when their bet on few companies comes true. We advise you to avoid too much of star gazing and future prediction. Be reminded that equities are one of the asset classes that have the potential to beat inflation. Your aim for core portfolio should be to beat inflation.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Recommended
When to exit?

Withdraw when your goals are close to achievement. Do not remove the money when the markets go up or down. Do not panic. Stick to your goals.

How frequently you need to monitor the performance?

Once you invest in the fund do not get into the habit of checking the NAV daily or monthly. Review the performance once a quarter. Too much attention is not good.

What are the charges applicable?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of Mirae Asset India-China Consumption Fund is 2.5%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year. 

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