Mirae Asset India Opportunities Fund

Mirae Asset India Opportunities Fund is one of the better performing funds in its category. This fund is managed by Gopal Agrawal & Neelesh Surana. In its four years of existence the fund has performed better than many of its peers in an upswing and managed to curtail fall in a market plunge. The fund managers have a rather conservative investment strategy for the name ‘opportunities fund’.

Where does this fund invest your money?

Mirae Asset India Opportunities Fund is a large & mid cap fund which means most of your money will be invested in large size companies but also a few medium size and small size companies for kicker returns. Large cap companies tend to be stable compared to mid cap and small cap companies. But mid cap companies can give kicker returns. Mirae Asset India Opportunities Fund has about 63.57% exposure to large cap companies, 25.46% exposure to mid cap companies and 9% exposure to small cap companies.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for?
  • Creating wealth
  • Short term needs
  • Lifestyle needs
How much to invest?

Minimum one time investment is Rs 5000 and minimum SIP is Rs 1000 per month. Make Mirae Asset India Opportunities Fund as part of your core portfolio. Do not do the mistake of investing in too many mutual fund schemes. At any point of time do not have more than two mutual fund schemes in your core portfolio. Core portfolio is investments that are made for your basic goals. Mirae Asset India Opportunities Fund can be part of the core portfolio.

Our recommendation for fresh investment
Our recommendation for existing investment
How has Mirae Asset India Opportunities Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in March 2008, your value of investments would be around Rs 1.03 lakhs. The performance has been better than many other mutual funds in this category. The fund has been giving at around 10.48% every year for those who stayed invested for last 5ears. 

Assume you had invested Rs 10,000 every month in Mirae Asset India Opportunities Fund through SIP since its inception than today you would have around Rs 8.89 lakhs.

How will Mirae Asset India Opportunities 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 size 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.

When to review 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 year. Too much attention is not good.

What charges apply?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

If units are sold within 182 days an exit load of 2% is deducted from your total returns and if the units are sold between 183-365 days an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn thereafter. Expense ratio of Mirae Asset India Opportunities Fund  is 2.68%. 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. 

When to enter?

Now! There is no good time to invest rather than now. Do not try to time the market and especially so if it is an SIP. Do not follow news channel and other experts to know the right time to invest. In the long run it does not matter. Mutual fund is unlike a stock where you are looking at the right price. This job will be done by the mutual fund scheme manager. If you have planned your investments and decided on the amount you want to invest do not think further, just go ahead.

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.

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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