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Mirae Asset Mutual FundAnnual Report 2013-14 (Abridged)
Board of Directors
Mirae Asset Trustee Company Private Limited
Mr. V. B. Haribhakti Chairman (Independent)
Mr. S. T. Gerela Director (Independent)
Mr. K. Ramasubramanian Director (Independent)
Mr. M. L. Soneji Director (Independent)
Mirae Asset Global Investments (India)Private Limited (AMC)
Mr. B. N. Chakraborty Director (Independent)
Mr. Yogesh Chaddha Director (Independent)
Mr. Jisang Yoo Director (Associate) & Chief Executive Offi cer
Mr. Thomas Jefferson Park Director (Associate)
Sponsor:Mirae Asset Global Investments Company LimitedRegistered offi ce: East Tower 18F, Mirae Asset CENTER 1, 67 Suha-dong, Jung-gu, Seoul, KOREA 100-210
Asset Management Company:Mirae Asset Global Investments (India)Private Limited Registered & Corporate Offi ce:Unit No.606, Windsor Building, Off. C.S.T. Road, Kalina, Santacruz (East),Mumbai - 400 098.
Custodians:Standard Chartered Bank23-25 Mahatma Gandhi Road, Fort, Mumbai - 400 001.
Citibank NA Securities & Fund Services, Citi India, 3rd Floor, Trent House, Plot No.G-60, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051.
Statutory Auditor:Chokshi & Chokshi15/17, Raghavji ‘B’ Bldg., Gowalia Tank, Off. Kemps Corner,Mumbai - 400 036.
Registrar & Transfer Agent:Karvy Computershare Private LimitedKarvy Plaza; H. No.8-2-596, Avenue 4, Street No.1,Banjara Hills, Hyderabad - 500 034.
Trustee:Mirae Asset Trustee Company Private Limited
Registered Offi ce: Unit No.606, Windsor Building, Off. C.S.T Road, Kalina, Santacruz (East), Mumbai - 400 098.
MIRAE ASSET MUTUAL FUND BRANCH OFFICES - Ahmedabad-107, 1st Floor, Abhijeet I, Mithakhali Six Roads, Mithakhali Circle, Navrangpura, Near HDFC Bank, Ahmedabad-380009. Tel-079-44227777. Asansol-M/s. Safe Savings, Street No.1, House No.2, Hindustan Park, Asansol-713304. Bangalore-Prestige Meridian-II, Flat No.308, 2nd Floor, No.29, M. G. Road, Bangalore-560001. Tel-080-44227777. Chennai-Premises No.206, Challa Mall, 11-11 A, Sir Theyagaraya Road, T. Nagar, Chennai -600017. Tel-044-44227777. Kanpur-1st Floor, Shop No.111, KAN Chambers, 14/113, Civil Lines, Kanpur, Uttar Pradesh-208001. Tel-0512-3012896. Kolkata-Krishna Building, Room No.510, 5th Floor, 224 A. J. C. Bose Road, Beck Bagan Junction, Kolkata-700 017. Tel-033-44227777. Mumbai (Corporate Offi ce)-Unit No.606, 6th Floor, Windsor Bldg., Off. CST Road, Kalina, Santacruz (E), Mumbai- 400 098. Tel-022-67800300. New Delhi-Offi ce No.1010, 10th Floor, Indraprakash Building, 21 Barakhamaba Road, Connaught Place, New Delhi-110001. Tel-011-44227777. Pune-74, ‘C’ Wing, 4th Floor, Sreenath Plaza, Dnyaneshwar Paduka Chowk, F. C. Road, Shivaji Nagar, Pune-411005. Tel-020-44227777.
1
TRUSTEE REPORT OF MIRAE ASSET MUTUAL FUND FOR THE YEAR ENDED MARCH 31, 2014.
Dear Unit holder,The Trustee Company presents its Seventh report and the audited fi nancial statements of the Schemes of Mirae Asset Mutual Fund (the “Fund”), for the year ended March 31, 2014.
MIRAE ASSET MUTUAL FUNDAs of March 31, 2014, Mirae Asset Global Investments (India) Pvt. Ltd., Asset Management Company (the AMC) managed 9 schemes of Mirae Asset Mutual Fund. The break-up being 4 open-ended equity schemes, 1 open-ended fund of funds scheme, 3 open-ended liquid/ debt schemes and 1 close ended debt scheme.Among the key achievements, Mirae Asset Mutual Fund recorded an impressive growth of 50% in FY 14 with the Assets under management (AUM) growing from Rs.523.67 crores to Rs.787.91 crores (as on 31st March, 2014) against the backdrop of a very challenging business environment. The overall Mutual Fund Industry AUM grew by 10.8% during the same period. We have also seen some fl ows into our fi xed income funds. We successfully launched our fi rst fi xed maturity plan, Mirae Asset Fixed Maturity Plan - Series I - 368 days during the fi nancial year FY14. The above incremental growth in assets has been driven by decent fund performance displayed by its equity schemes. The performance has been equally encouraging with our fl agship equity scheme, Mirae Asset India Opportunities Fund outperforming its benchmark S&P BSE 200 by 8.70% whilst Mirae Asset Emerging Bluechip Fund outpacing its benchmark CNX Midcap by 18.98% during the same period. Both Mirae Asset India Opportunities Fund and Mirae Asset Emerging Bluechip Fund have received various recognitions from leading publications and rating agencies. Both the funds are on the verge of achieving important AUM milestones, which will make them qualifi ed to be sold by many leading banks and wealth outfi ts. This will help in faster AUM growth in the next fi nancial year. Our Investor folio count currently stands at 56,806 (as on 31st March, 2014) slightly lower than the 57,350 folios as on 31st March 2013. Mirae Asset SIP book stands at 16,098 accounts (as on 31st March, 2014) with a 4.2% growth since March 2013 count of 15,444.The Fund house also declared dividends under its various equity schemes as highlighted below. It was the 5th consecutive dividend in Mirae Asset India Opportunities Fund (based on fi nancial year).
Fund Name Dividend Amount(Rs. per unit) Record Date
Mirae Asset India Opportunities Fund 1.20 27/01/2014Mirae Asset Emerging Bluechip Fund 1.20 18/03/2014
Past Performance is no guarantee of future results.Scheme Performance, Future Outlook and Operations of the Schemes
1. PERFORMANCE OF THE SCHEMES FOR THE PERIOD ENDED MARCH 31, 2014.(I) MIRAE ASSET INDIA OPPORTUNITIES FUND (MAIOF), an open ended equity oriented scheme The investment objective of the scheme is 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. The fund investment philosophy is to invest across sectors in quality companies which could deliver decent growth. The year was challenging for markets, and the fund
focuses on bottom up approach for stock picking to help generate consistent outperformance over the benchmark. The investment strategy is focused on high quality businesses, which can withstand current domestic and global headwinds.
The net assets of Mirae Asset India Opportunities Fund stood at Rs.416.13 Crores as at March 31, 2014. As at March 31, 2014, out of the total net assets, 95.98 % was invested in equity shares, 0.61% in mutual fund and balance in CBLO and others. Comparison of the performance of Mirae Asset India Opportunities Fund with benchmark returns as on 31st March, 2014:-
PeriodNAV at the end of the period
(Rs. per unit)Returns Value(INR)*
MAIOF BSE 200 Sensex** MAIOF BSE 200 Sensex**31st March 2013 - 31st March 2014& 22.060 25.90% 17.19% 18.85% 12,590 11,719 11,88531st March 2012 - 31st March 2013& 17.522 8.32% 6.03% 8.23% 10,832 10,603 10,82331st March 2011 - 31st March 2012& 16.176 -2.79% -9.28% -10.50% 9,721 9,072 8,950Since Inception (CAGR) - 31st March 14 22.060 14.12% 5.93% 6.51% 22,060 14,123 14,590Index Value (31st March, 2014) Index Value of BSE 200 is 2,681.35 and Index value of Sensex is 22,386.27Date of allotment 04-Apr-08Scheme Benchmark BSE 200
Past performance may or may not be sustained in future. The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. Returns provided are of Regular Plan – Growth Option. As per SEBI standard on performance disclosure, returns in INR terms based on a standard investment of Rs.10,000/- have been shown only for Schemes that have been in existence for more than three years. & represents absolute returns. ** represents Alternate Scheme Benchmark.
(II) MIRAE ASSET EMERGING BLUECHIP FUND (MAEBF), an open ended equity fund The fund investment philosophy is to invest across sectors in high-quality scalable mid-sized companies which could deliver decent growth. The year was challenging
for markets, and the fund focuses on bottom up approach for stock picking to help generate consistent outperformance over the benchmark. The investment strategy is focused on high quality businesses, which can withstand current domestic and global headwinds.
The net assets of Mirae Asset Emerging Bluechip Fund stood at Rs.230.54 Crores as at March 31, 2014. As at March 31, 2014, 94.04 % of the net assets were invested in equity shares and balance in CBLO and others. Comparison of the performance of Mirae Asset Emerging Bluechip Fund with benchmark returns as on 31st March, 2014:-
PeriodNAV at the end of the period
(Rs. per unit)Returns Value(INR)*
MAEBF CNX Midcap Sensex** MAGCSF CNX Midcap Sensex**31st March 2013 - 31st March 2014& 17.164 35.34% 16.36% 18.85% 13,534 11,636 11,88531st March 2012 - 31st March 2013& 12.682 9.62% -4.02% 8.23% 10,962 9,598 10,82331st March 2011 - 31st March 2012& 11.569 7.73% -4.09% -10.50% 10,773 9,591 8,950Since Inception (CAGR)- 31st March 14 17.164 15.59% 0.99% 6.29% 17,164 10,375 12,553Index Value (31st March, 2014) Index Value of CNX Midcap is 8,612.45 and Index value of Sensex is 22,386.27Date of allotment 09-Jul-10Scheme Benchmark CNX Midcap
Past performance may or may not be sustained in future. The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. Returns provided are of Regular Plan - Growth Option. As per SEBI standard on performance disclosure, returns in INR terms based on a standard investment of Rs.10,000/- have been shown only for Schemes that have been in existence for more than three years. & represents absolute returns. ** represents Alternate Scheme Benchmark.
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(III) MIRAE ASSET INDIA-CHINA CONSUMPTION FUND (MAICCF), an open ended equity oriented scheme The objective of the fund is to capitalize on long term secular theme related to consumption trend in India and China. The focus has been on secular and scalable businesses
which would benefi t from changing demographics, rising aspiration and other consumption related themes. The net assets of Mirae Asset India-China Consumption Fund stood at Rs.19.89 Crores as at March 31, 2014. As at March 31, 2014, 96.47 % of the net assets were invested in equity shares and balance in CBLO and others. Comparison of the performance of Mirae Asset India-China Consumption Fund with benchmark returns as on 31st March, 2014:-
PeriodNAV at the end of the period
(Rs. per unit)
Return Value (INR)*
MAICCFS&P India & China
Weighted Index Sensex** MACAFS&P India & China
Weighted Index Sensex**31st March 2013 - 31st March 2014& 15.402 24.73% 23.86% 18.85% 12,473 12,386 11,88531st March 2012 - 31st March 2013& 12.348 12.58% 13.20% 8.23% 11,258 11,320 10,82331st March 2011 - 31st March 2012& 10.968 9.02% 12.52% -10.50% 10,902 11,252 8,950Since Inception (CAGR)- 31st March 14 15.402 15.44% 16.98% 5.38% 15,402 16,029 11,708Index Value (31st March, 2014) Index Value of benchmark is 166.937 and Index value of Sensex is 22386.27Date of allotment 29-March 2011Scheme Benchmark S&P India & China Weighted Index
Past performance may or may not be sustained in future. The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. Returns provided are of Regular Plan - Growth Option. As per SEBI standard on performance disclosure, returns in INR terms based on a standard investment of Rs.10,000/- have been shown only for Schemes that have been in existence for more than three years. & represents absolute returns. ** represents Alternate Scheme Benchmark.
(IV) MIRAE ASSET GLOBAL COMMODITY STOCKS FUND (MAGCSF), an open ended equity fund 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 engaged in commodity and commodities related sectors/sub sectors/ industries, with at least 65% of the corpus invested overseas in Asia Pacifi c and Emerging Markets. There is no assurance or guarantee of returns
The 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 Pacifi c markets and emerging markets thus offering investors an avenue to diversify beyond local boundaries
The net assets of Mirae Asset Global Commodity Stocks Fund stood at Rs.13.15 Crores as at March 31, 2014 As at March 31, 2014, 98.35 % of the net assets were invested in equity shares and balance in CBLO. Comparison of the performance of Mirae Asset Global Commodity Stocks Fund with benchmark returns as on 31st March, 2014:-
Period
NAV at the end of the period
(Rs. per unit)
Returns Value(INR)*
MAGCSF
S&P Pan Asia Large Midcap Commodity &
Resource Capped Index Sensex** MAGCSF
S&P Pan Asia Large Midcap Commodity &
Resource Capped Index Sensex**31st March 2013 - 31st March 2014& 11.980 4.11% -12.32% 18.85% 10,411 8,768 11,88531st March 2012 - 31st March 2013& 11.507 -4.48% -5.02% 8.23% 9,552 9,498 10,82331st March 2011 - 31st March 2012& 12.047 -10.10% -10.05% -10.50% 8,990 8,995 8,950Since Inception (CAGR) - 31st March 14 11.980 3.27% 1.88% 7.81% 11,980 11,103 15,251Index Value (31st March, 2014) Index Value of benchmark is 103.238 and Index value of Sensex is 22,386.27Date of allotment 20-Aug-08Scheme Benchmark S&P Pan Asia Large Midcap Commodity & Resource Capped Index
Past performance may or may not be sustained in future. The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. Returns provided are of Regular Plan - Growth Option. As per SEBI standard on performance disclosure, returns in INR terms based on a standard investment of Rs.10,000/- have been shown only for Schemes that have been in existence for more than three years. & - represents absolute returns. ** represents Alternate Scheme Benchmark.
(V) MIRAE ASSET CHINA ADVANTAGE FUND (MACAF), 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.
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.
The net assets of Mirae Asset China Advantage Fund stood at Rs.26.57 Crores as at March 31, 2014. As at March 31, 2014, 98.53 % of the net assets were invested in equity shares and balance in CBLO and others. Comparison of the performance of Mirae Asset China Advantage Fund with benchmark returns as on 31st March, 2014:-
PeriodNAV at the end of the period
(Rs. per unit)Returns Value(INR)*
MACAF MSCI China (INR) Sensex** MACAF MSCI China (INR) Sensex**31st March 2013 - 31st March 2014& 12.950 17.93% 8.84% 18.85% 11,793 10,884 11,88531st March 2012 - 31st March 2013& 10.981 8.01% 10.50% 8.23% 10,801 11,050 10,82331st March 2011 - 31st March 2012& 10.167 -8.22% -2.77% -10.50% 9,178 9,723 8,950Since Inception (CAGR) - 31st March 14 12.950 6.05% 4.19% 7.83% 12,950 11,979 13,936Index Value (31st March, 2014) Index value for benchmark is 459.551 and Index value of Sensex is 22,386.27Date of allotment 5-Nov-09Scheme Benchmark MSCI China(INR)
Past performance may or may not be sustained in future. The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. Returns provided are of Regular Plan - Growth Option. As per SEBI standard on performance disclosure, returns in INR terms based on a standard investment of Rs.10,000/- have been shown only for Schemes that have been in existence for more than three years. & - represents absolute returns. ** represents Alternate Scheme Benchmark.
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(VI) MIRAE ASSET CASH MANAGEMENT FUND (MACMF), AN OPEN ENDED LIQUID FUND MACMF is an open ended liquid scheme. This scheme is meant for investors to deploy their funds for a short period of time. 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 net assets of Mirae Asset Cash Management Fund stood at Rs.20.52 Crores as at March 31, 2014. As at March 31, 2014, 87.78 % of the net assets were invested in money market and balance in CBLO and others. Comparison of the performance of Mirae Asset Cash Management Fund with benchmark returns as on 31st March, 2014:-
PeriodNAV at the end of the period
(Rs. per unit)Returns
MACMF CRISIL Liquid Fund Index Crisil 91 day T-BillLast 7 Days till 31st March 2014 1359.6797 0.12% 0.06% 0.07%Last 15 Days till 31st March 2014 1359.6797 0.37% 0.33% 0.33%Last 30 Days till 31st March 2014 1359.6797 0.68% 0.76% 0.68%31st March 2013 - 31st March 2014& 1359.6797 8.46% 9.25% 8.41%31st March 2012 - 31st March 2013& 1253.6599 7.69% 8.22% 8.50%31st March 2011 - 31st March 2012& 1164.1730 7.55% 8.47% 6.99%Since Inception(CAGR) - 31st March 14 1359.6797 6.08% 7.20% 6.04%Since Inception - 31st March 14 (Value INR)* 1359.6797 13,596.80 14,363.10 13,569.67Index Value ( 31st March, 2014) Index Value of benchmark is 2,125.1959 and Index value of Crisil 91 day T-Bill is 3,719.1416Date of allotment 12 January, 2009Scheme Benchmark CRISIL Liquid Fund Index
Past performance may or may not be sustained in future. The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. Returns provided are of Regular Plan - Growth Option. As per SEBI standard on performance disclosure, returns in INR terms based on a standard investment of Rs.10,000/- have been shown only for Schemes that have been in existence for more than three years. & - represents absolute returns. ** represents Alternate Scheme Benchmark.
Note : Mirae Asset Liquid Fund have been merged with Mirae Asset Cash Management Fund vide SEBI’s no objection letter No.OW/14398/2013 dated June 14, 2013. Mirae Asset Liquid Fund has ceased to exist and no fresh purchase/switch in applications will be accepted of Mirae Asset Liquid Fund with effect from 31st July, 2013.
(VII) MIRAE ASSET ULTRA SHORT TERM BOND FUND (MAUSTBF), an open ended debt fund MAUSTBF is an open ended debt scheme. This scheme is meant for investors to deploy their funds for a short period of time. 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 net assets of Mirae Asset Ultra Short Term Bond Fund stood at Rs.22.28 crores as at March 31, 2014. As at March 31, 2014, 70.481 % of the net assets were invested in money market instruments, 5.94% in mutual funds units and balance in CBLO and others. Comparison of the performance of Mirae Asset Ultra Short Term Bond Fund with benchmark returns as on 31st March, 2014:-
PeriodNAV at the end of the period
(Rs. per unit)Returns
MAUSTBF CRISIL Liquid Fund Index Crisil 1 Year T-Bill31st March 2013 - 31st March 2014& 1363.3058 8.03% 9.25% 5.60%31st March 2012 - 31st March 2013& 1261.9694 8.36% 8.22% 8.37%31st March 2011 - 31st March 2012& 1164.6088 7.26% 8.47% 6.61%Since Inception (CAGR)- 31st March 14 1363.3058 3.81% 6.82% 5.29%Since Inception - 31st March 14 (Value INR)* 1363.3058 13,633.06 15,466.28 14,118.11Index Value (31st March, 2014) Index Value of benchmark is 2,125.1959 and Index value of Crisil 1 Year T-Bill is 3,795.7103Date of allotment 5th March, 2008Scheme Benchmark CRISIL Liquid Fund Index
Past performance may or may not be sustained in future. The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. Returns provided are of Regular Plan - Growth Option. As per SEBI standard on performance disclosure, returns in INR terms based on a standard investment of Rs.10,000/- have been shown only for Schemes that have been in existence for more than three years. & - represents absolute returns. ** represents Alternate Scheme Benchmark.
(VIII) MIRAE ASSET SHORT TERM BOND FUND (MASTBF), an open ended debt fund MASTBF is an open ended debt scheme. The primary investment focus of the scheme is to seek to generate returns through an actively managed diversifi ed portfolio of
debt and money market instruments. The scheme does not guarantee any returns. The net assets of Mirae Asset Short Term Bond Fund stood at Rs.17.83 crores as at March 31, 2014. As at March 31, 2014, 85.26 % of the net assets were invested in money market instruments, 12.51% in mutual funds units and balance in CBLO and others. Comparison of the performance of Mirae Asset Short Term Bond Fund with benchmark returns as on 31st March, 2014:-
Period NAV at the end of the period
(Rs. per unit)Returns
MASTBF CRISIL Short Term Bond Fund Index Crisil 1 Year T-Bill31st March 2013 - 31st March 2014& 13.0878 8.00% 8.58% 5.60%31st March 2012 - 31st March 2013& 12.1186 7.38% 9.10% 8.37%31st March 2011 - 31st March 2012& 11.2853 6.80% 8.13% 6.61%Since Inception (CAGR)- 31st March 14 13.0878 4.66% 6.18% -3.10%Since Inception - 31st March 14 (Value INR)* 13.0878 13,087.80 13,894.91 12,793.50Index Value (31st March, 2014) Index Value of benchmark is 2,201.6369 and Index value of Crisil 1 Year T-Bill is 3,795.7103Date of allotment 3rd August, 2009Scheme Benchmark CRISIL Short Term Bond Fund Index
Past performance may or may not be sustained in future. The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. Returns provided are of Regular Plan - Growth Option. As per SEBI standard on performance disclosure, returns in INR terms based on a standard investment of Rs.10,000/- have been shown only for Schemes that have been in existence for more than three years. & - represents absolute returns. ** represents Alternate Scheme Benchmark.
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(IX) MIRAE ASSET FIXED MATURITY PLAN - SERIES I - 368 DAYS (MAFMP - I - 368D), a close ended debt fund MAFMP - I - 368D is a close ended debt scheme. The investment objective of the Plans under the Scheme is to generate income through investments in Debt and Money
Market Instruments maturing on or before the maturity date of the respective Plan(s). The Scheme does not guarantee or assure any return. The net assets of Mirae Asset Fixed Maturity Plan - Series I - 368 Days stood at Rs.20.41 crores as at March 31, 2014. As at March 31, 2014, 99.98 % of the net assets were invested in money market instruments and 0.02% in mutual funds units.
2. FUTURE OUTLOOK OF THE FUND AND OPERATIONS OF THE SCHEMES The Mutual Fund industry comprises of 46 mutual funds. The Mutual Fund Industry AAUM stood at Rs.905,120/- crores (as on 31st March, 2014), a growth of 10.8% from
Rs.816,657/- crores as on 31st March 2013. The AUM grew with strong fl ows witnessed in Income Funds & FMP’s. Mirae Asset Mutual Fund recorded an impressive growth of 28% in FY 14. Mirae Asset Mutual Fund has presently a total of 9 schemes in its product basket with a mix of equity, liquid, debt and fund of funds schemes.
Mirae Asset funds have received various recognitions from leading publications and rating agencies. Mirae Asset India has been on the forefront in terms of introducing differentiated products to meet the asset allocation needs of its investors. We hope to build on our existing product basket and offer more differentiated products in the coming years. We hope to continue to deliver superior risk adjusted returns to investors and help create long term wealth.
On the distribution front too, Mirae Asset India has taken steps and has tied-up with some of the best names in the distribution domain. The fund house has ensured a prudent mix of distribution partners from IFAs (currently around 6,000 IFA distributors empanelled), Banks and National distributors. This has ensured that the distribution model is de-risked as well as equipped to take advantages of market opportunities. We want the number to cross 10,000 IFA’s across various locations by the next fi nancial year. Both our fl agship funds Mirae Asset India Opportunities Fund & Mirae Asset Emerging Bluechip Fund are on the verge of achieving important AUM milestones, which will make them qualifi ed to be sold by many leading banks and wealth outfi ts. This will help in faster AUM growth in the next fi nancial year.
Mirae Asset Mutual Fund is working on leveraging its global presence to raise funds from foreign investors in Mirae Asset Funds and for providing advisory services. With our domestic funds exhibiting robust performance track record, Mirae Asset Mutual Fund is trying to get institutional mandates as well.
Mirae Asset India has been able to turn challenges into opportunities and in this short time since inception has started making operating year to year profi ts. As we embark our journey into the new fi scal, we aim at a high octane year of growth through a combination of unique products and superior performance for the investors.
Our goal in the long term is to become one of major players in the Indian Mutual Fund Industry with a complete product basket across asset classes and deliver superior risk adjusted returns to our investors.
INVESTOR SERVICES The Schemes of Mirae Asset Mutual Fund have delivered reasonable adjusted returns to investors. In our endeavor to strengthen the services for investor services to
provide them quality and timely service, we have redesign the website of Mirae Asset Mutual Fund, to make it more user friendly, ease to navigate and provides huge knowledge content on markets and fi nancial terms.
We have strengthen our Online services and to make transacting with us a seamless process allowing the investors to transact in our funds through our website in a seamless manner. To keep the investor informed of his investments, we regular send transaction updates to investors through email/mobile (based on the details fi lled at the time of account opening). We have a dedicated customer service team, Toll Free number and email id for servicing all investor queries at the earliest. Further, there have been initiatives to inform all Investors and Distributors about the latest regulatory changes that have happened in the industry.
In our endeavor to educate our investors regularly we have set up Mirae Asset Knowledge Academy. The sole purpose is to increase investor education and knowledge levels. We are arranging Investor Awareness Programs through our partners in all our cities or presence, to increase knowledge levels of investors. We have released investor booklets, contribute articles in fi nancial websites and national publications to explain fi nancial terms in a simple languages. We share newsletters and mailers to our investors on key fi nancial terms, every week.
Details of Investor Complaints: The Fund is also prompt in redressing the complaints/requests received from the investors. The Statement on Status of Redressal of Complaints received against Mirae Asset Mutual Fund during the fi nancial year 2013-14 is annexed and forms part of the Trustee Report as Annexure II.
Dividend declared during the fi nancial year 2013 - 2014: The Plan/Option wise per unit NAV particulars of various schemes as on 31st March, 2014^ as well as the details of dividends declared during the period under
review are as under:-
MIRAE ASSET INDIA OPPORTUNITIES FUND (in Rs.)
Scheme DescriptionNAV per unit
March 31, 2014Dividend Per Unit
INDIVIDUAL NON INDIVIDUALMirae Asset India Opportunities Fund - Regular - Dividend Plan 13.373 1.2 1.2Mirae Asset India Opportunities Fund - Regular - Growth Plan 22.060 NA NAMirae Asset India Opportunities Fund - Direct - Dividend Plan 16.640 NIL NILMirae Asset India Opportunities Fund - Direct - Growth Plan 22.339 NA NANA - Not Applicable
MIRAE ASSET GLOBAL COMMODITY STOCKS FUND (in Rs.)
Scheme DescriptionNAV per unit
March 31, 2014Dividend Per Unit
INDIVIDUAL NON INDIVIDUALMirae Asset Global Commodity Stocks Fund - Regular - Dividend Option 11.980 NIL NILMirae Asset Global Commodity Stocks Fund - Regular -Growth Option 11.980 NA NAMirae Asset Global Commodity Stocks Fund - Direct - Dividend Option 12.059 NIL NILMirae Asset Global Commodity Stocks Fund - Direct - Growth Option 12.059 NA NANA - Not Applicable
MIRAE ASSET CHINA ADVANATGE FUND (in Rs.)
Scheme DescriptionNAV per unit
March 31, 2014Dividend Per Unit
INDIVIDUAL NON INDIVIDUALMirae Asset China Advantage Fund - Regular - Dividend Option 12.950 NIL NILMirae Asset China Advantage Fund - Regular - Growth Option 12.950 NA NAMirae Asset China Advantage Fund - Direct - Dividend Option 13.049 NIL NILMirae Asset China Advantage Fund - Direct - Growth Option 13.049 NA NANA - Not Applicable
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MIRAE ASSET EMERGING BLUECHIP FUND (in Rs.)
Scheme DescriptionNAV per unit
March 31, 2014Dividend Per Unit
INDIVIDUAL NON INDIVIDUALMirae Asset Emerging Bluechip Fund - Regular - Dividend Option 14.431 1.2 1.2Mirae Asset Emerging Bluechip Fund - Regular - Growth Option 17.164 NA NAMirae Asset Emerging Bluechip Fund - Direct - Dividend Option 15.895 NIL NILMirae Asset Emerging Bluechip Fund - Direct - Growth Option 17.396 NA NANA - Not Applicable
MIRAE ASSET INDIA-CHINA CONSUMPTION FUND (in Rs.)
Scheme DescriptionNAV per unit
March 31, 2014Dividend Per Unit
INDIVIDUAL NON INDIVIDUALMirae Asset India-China Consumption Fund - Regular - Dividend Option 12.604 1.1 1.1Mirae Asset India-China Consumption Fund - Regular - Growth Option 15.402 NA NAMirae Asset India-China Consumption Fund - Direct - Dividend Option 15.604 NIL NILMirae Asset India-China Consumption Fund - Direct - Growth Option 15.604 NA NANA - Not Applicable
MIRAE ASSET CASH MANAGEMENT FUND (in Rs.)
Scheme DescriptionNAV per unit
March 28, 2014^Dividend Per Unit
INDIVIDUAL NON INDIVIDUALMirae Asset Cash Management Fund - Regular - Daily Dividend Plan 1052.5480 32.2389 30.8758Mirae Asset Cash Management Fund - Regular - Weekly Dividend Plan 1138.2765 35.3583 33.8610Mirae Asset Cash Management Fund - Regular - Monthly Dividend 1138.6519 35.2441 33.7540Mirae Asset Cash Management Fund - Regular - Growth 1359.6797 NA NAMirae Asset Cash Management Fund - Direct - Daily Dividend 1061.4088 32.1577 30.7981Mirae Asset Cash Management Fund - Direct - Growth 1361.9680 NA NAMirae Asset Cash Management Fund - Direct - Weekly Dividend 1184.6071 35.4647 33.9652NA – Not Applicable
MIRAE ASSET ULTRA SHORT TERM BOND FUND (in Rs.)
Scheme DescriptionNAV per unit
March 28, 2014^Dividend Per Unit
INDIVIDUAL NON INDIVIDUALMirae Asset Ultra Short Term Bond Fund - Regular - Growth 1,363.3058 NA NAMirae Asset Ultra Short Term Bond Fund - Regular - Monthly Dividend 1,302.6071 NIL NILMirae Asset Ultra Short Term Bond Fund - Regular - Daily Dividend 1,299.4717 NIL NILMirae Asset Ultra Short Term Bond Fund - Regular - Weekly Dividend 1,299.4211 NIL NILMirae Asset Ultra Short Term Bond Fund - Institutional - Growth Option 1,149.9340 NA NAMirae Asset Ultra Short Term Bond Fund - Institutional - Dividend Plan (Quarterly) 1,038.7654 31.8332 30.4873Mirae Asset Ultra Short Term Bond Fund - Institutional - Monthly Dividend 1,072.2080 29.0263 27.7991Mirae Asset Ultra Short Term Bond Fund - Institutional - Weekly Dividend 1,093.0431 20.5531 19.6842Mirae Asset Ultra Short Term Bond Fund - Institutional - Daily Dividend 1,009.8172 28.6700 27.4578Mirae Asset Ultra Short Term Bond Fund - Direct - Growth 1,158.0949 NA NAMirae Asset Ultra Short Term Bond Fund - Direct - Monthly Dividend 1,125.4477 NIL NILMirae Asset Ultra Short Term Bond Fund - Direct - Quarterly Dividend 1,061.2494 35.2074 33.7189Mirae Asset Ultra Short Term Bond Fund - Direct - Daily Dividend 1,049.0261 NIL NILMirae Asset Ultra Short Term Bond Fund - Direct - Weekly Dividend 1,127.6507 NIL NILNA – Not Applicable
MIRAE ASSET SHORT TERM BOND FUND (in Rs.)
Scheme DescriptionNAV per unit
March 28, 2014^Dividend Per Unit
INDIVIDUAL NON INDIVIDUALMirae Asset Short Term Bond Fund - Regular - Growth 13.0878 NA NAMirae Asset Short Term Bond Fund - Regular - Quarterly Dividend 12.5264 0.1870 0.1791Mirae Asset Short Term Bond Fund - Regular - Monthly Dividend 10.2264 0.2944 0.2820Mirae Asset Short Term Bond Fund - Regular - Weekly Dividend 10.2472 0.2771 0.2653Mirae Asset Short Term Bond Fund - Direct - Growth 13.1708 NA NAMirae Asset Short Term Bond Fund - Direct - Quarterly Dividend 12.8522 NIL NILMirae Asset Short Term Bond Fund - Direct - Weekly Dividend 11.2259 NIL NILNA - Not Applicable
6
MIRAE ASSET FIXED MATURITY PLAN - SERIES I - 368 DAYS (in Rs.)
Scheme DescriptionNAV per unit
March 28, 2014^Dividend Per Unit
INDIVIDUAL NON INDIVIDUALMirae Asset Fixed Maturity Plan - Series I - 368 Days - Regular - Growth 10.1303 NA NAMirae Asset Fixed Maturity Plan - Series I - 368 Days - Direct - Growth 10.1342 NA NAMirae Asset Fixed Maturity Plan - Series I - 368 Days - Direct - Dividend 10.1342 NIL NIL^ Last Business Day for the fi nancial year 2013 – 2014
NIL - Dividend not declared during the period under review i.e. 1st April, 2013 to 31st March, 2014. NA - Dividend option not applicable for scheme/ plan/ option Pursuant to the declaration of dividend, the NAV of the dividend option of the Scheme falls to the extent of the dividend pay-out and distribution tax, if any. For daily dividends, cumulative dividend for a plan is indicated with record date as the month of dividend and the ex-dividend NAV as on March 28, 2014. Past performance may or may not be sustained in future.
3. BRIEF BACKGROUND OF THE TRUST, SPONSORS, TRUSTEE AND ASSET MANAGEMENT COMPANY
(a) Mirae Asset Mutual Fund (MAMF) (The Mutual Fund): Mirae Asset Mutual Fund (MAMF) was set up as a Trust by the Settlers, Mirae Asset Global Investments Company Limited (MAGIC) on 11th October, 2007 with Mirae
Asset Trustee Company Private Limited (the Trustee Company) as a Trustee in accordance with the provisions of the Indian Trust Act, 1882 and is duly registered under the Indian Registration Act, 1908. The Trustee has entered into an Investment Management Agreement dated 11th October, 2007 with Mirae Asset Global Investments (India) Private Limited (the AMC) to function as the Investment Manager for all the Schemes of MAMF. MAMF was registered with SEBI on 30th November, 2007.
(b) Mirae Asset Global Investments Company Limited (MAGICL) (The Sponsor): Mirae Asset Global Investments Company Limited (MAGICL) is a part of Mirae Asset Financial Group (Mirae Asset). Mirae Asset was established in 1997 and is South
Korea’s leading independent fi nancial services provider. With Asset Management as its core activity, Mirae Asset is engaged in a broad range of fi nancial services including Investment Banking, Wealth Management and Life Insurance. Other signifi cant activities of the group include Alternate Investment including Private Equity, Venture Capital and Real Estate.
(c) Mirae Asset Trustee Company Private Limited (The Trustee): The Trustee is the exclusive owner of the Trust Fund and holds the same in trust for the benefi t of the unitholders. The Trustee has been discharging its duties and carrying
out the responsibilities as provided in the Regulations and the Trust Deed. The Trustee seeks to ensure that the Fund and the Schemes fl oated there under are managed by the AMC in accordance with the Trust Deed, the Regulations, directions and guidelines issued by the SEBI, the Stock Exchanges, the Association of Mutual Funds in India and other regulatory agencies.
Share Capital: During the year under review, Mirae Asset Trustee Company Private Limited has not issued any further shares. Change in Composition of Board Members: During the year under review, there has been no change in the composition of the Board of Directors of the Trustee Company. As required by the Securities and Exchange
Board of India (Mutual Funds) Regulations, 1996, the Board of Trustee comprises two-thirds of the Directors who are not associated in any manner with the Sponsors of Mirae Asset Mutual Fund.
(d) Mirae Asset Global Investments (India) Private Limited (The AMC): Mirae Asset Global Investments (India) Private Limited, a company registered under the Companies Act, 1956 and having its registered offi ce at Unit 606, 6th Floor,
Windsor, off CST Road, Kalina, Santacruz (E), Mumbai - 400098. Mirae Asset Global Investments (India) Private Limited has been appointed as the Asset Management Company (AMC) of Mirae Asset Mutual Fund by the Trustee vide. Investment Management Agreement (“IMA”) dated October 11, 2007 entered into between Mirae Asset Trustee Company Private Limited and Mirae Asset Global Investments (India) Private Limited. The Investment Manager was approved by SEBI to act as the AMC for the Fund vide letter no. IMD/HSV/OTW/109716/2007 dated 30th November, 2007.
Share Capital: During the year under review, Mirae Asset Global Investments (India) Private Limited has not issued any further shares.
Change in Composition of Board Members: During the year under review, following were the changes in the composition of the Board of Directors of the AMC: 1. Dr. Manoj Vaish was appointed on Board of AMC on August 8, 2013 and has ceased to be an Independent Director with effect from January 25, 2014. 2. Mr. N. N. Jambusaria has ceased to be an Independent Director from the Board of the AMC with effect from August 27, 2013 3. Mr. Yogesh Chaddha has been appointed as an Independent Director on the Board of the AMC with effect from March 25, 2014 As required under the provisions of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, 50% of the Directors on the Board of Mirae Asset AMC
are independent Directors who are not an associate of, or associated in any manner with the sponsor or any of its subsidiaries or the Trustee Company. Investors may note that the Full Annual Report shall be disclosed on the website (www.miraeassetmf.co.in) and shall also be available for inspection at the Head Offi ce
of the Mutual Fund. On written request present and prospective unit holders/ investors can obtain a copy of the Trust Deed, the Annual Report at a price and the text of the relevant Scheme.
The Balance Sheet as at 31st March, 2014 and the Revenue Account for the year ended 31st March, 2014 for the various schemes are annexed to this Report.
4. INVESTMENT OBJECTIVE OF THE SCHEMES:
i. Mirae Asset India Opportunities Fund: The investment objective of the scheme is to generate long term capital appreciation by capitalizing on potential investment opportunities through predominantly investing
in equities, equity related securities. The Scheme does not guarantee any returns.
ii. Mirae Asset Global Commodity Stocks Fund: 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 engaged in Commodity and commodities related sectors/ sub sectors/ industries, with at least 65% of the corpus invested overseas in Asia Pacifi c and Emerging Markets. There is no assurance or guarantee of returns.
7
iii. Mirae Asset China Advantage Fund: 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.
iv. Mirae Asset Emerging Bluechip Fund: The investment objective of the scheme is to generate income and capital appreciation from a diversifi ed 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.
v. Mirae Asset India-China Consumption Fund: 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 benefi t either directly or indirectly from consumption led demand in India / China. The Scheme does not guarantee or assure any returns.
vi. Mirae Asset Cash Management Fund: 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.
vii. Mirae Asset Short Term Bond Fund: The investment objective of the scheme is to seek to generate returns through an actively managed diversifi ed portfolio of debt and money market instruments. There is
no assurance OR guarantee of returns.
viii. Mirae Asset Ultra Short Term Bond Fund: 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.
ix. Mirae Asset Fixed Maturity Plan - Series I - 368 days: The investment objective of the Plans under the Scheme is to generate income through investments in Debt and Money Market Instruments maturing on or before the
maturity date of the respective Plan(s). The Scheme does not guarantee or assure any return.
5. SIGNIFICANT ACCOUNTING POLICIES: The Signifi cant Accounting Policies form part of the Notes to the Accounts annexed to the Balance Sheet of the Schemes. The Accounting Policies are in accordance with
Securities Exchange Board of India (Mutual Funds) Regulations, 1996.
6. UNCLAIMED REDEMPTIONS & DIVIDENDS: Summary of No. of Investors & Corresponding amount as at March 31, 2014:
Name of the Scheme Unclaimed Redemptions Unclaimed DividendsAmount (Rs.) No. of Investors Amount (Rs.) No. of Investors
Mirae Asset India Opportunities Fund 2,490,776.99 59 569,532.49 178Mirae Asset Global Commodity Stocks fund 360,576.08 16 2,200.00 1Mirae Asset Emerging Bluechip Fund 305,444.39 10 0 0Mirae Asset India-China Consumption Fund 38,508.19 6 0 0 Mirae Asset China Advantage Fund 27,916.67 5 0 0 Mirae Asset Ultra Short Term Bond fund 38,765.62 1 0 0 Mirae Asset Short Term Bond Fund 0 0 0 0Mirae Asset Cash Management Fund 47,765.28 2 0 0
7. STATUTORY INFORMATION: (a) The Sponsors are not responsible or liable for any loss resulting from the operation of the Schemes of the Fund beyond their initial contribution (to the extent contributed)
of Rs.1 Lakh for setting up the Fund, and such other accretions / additions to the same. (b) The price and redemption value of the units, and income from them, can go up as well as down with fl uctuations in the market value of its underlying investments. (c) Full Annual Report is available on the website (www.miraeassetmf.co.in) and shall be available for inspection at the Head Offi ce of the mutual fund. Present and
prospective unit holder can obtain copy of the trust deed, the full Annual Report of the Fund / AMC at a price.
For Mirae Asset Trustee Company Private Limited
Sd/- Sd/-V. B. Haribhakti S. T. Gerela Chairman Director
Place : Mumbai Date : July 14, 2014
8
Performance (CAGR) as on March 31, 2014 (in %) 1 year 3 years 5 years Since inception of fund
Mirae Asset Emerging Blue Chip Fund - Direct Plan - Growth Option 36.47 N.A N.A 18.94
Mirae Asset Emerging Blue Chip Fund - Regular Plan - Growth Option 35.01 16.90 N.A 15.59
Benchmark
CNX Midcap 16.22 2.32 N.A 0.99 Past performance may or may not be sustained in the future. The Scheme had outperformed its benchmark on 1 year basis majorly due to better Stock picking in Pharma, Banking & IT Sector. Also the performance since inception continues to be healthy.Date of Inception: Regular Growth: July 09, 2010; Direct Growth: January 1, 2013.
Mirae Asset India Opportunities Fund - Direct Plan - Growth Option 26.94 N.A N.A 14.81
Mirae Asset India Opportunities Fund - Regular Plan - Growth Option 25.66 9.84 27.59 14.12
Benchmark
S&P BSE 200 17.04 4.07 18.64 5.93 Past performance may or may not be sustained in the future. The Scheme had outperformed its benchmark on 1 year basis majorly due to better Stock picking in Pharma, Energy and Banking sector. Also, the performance over 5 years and since inception continues to be healthy.Date of Inception: Regular Growth: April 04, 2008; Direct Growth: January 1, 2013.
Mirae Asset China Advantage Fund - Direct Plan - Growth Option 18.54 N.A N.A 7.17
Mirae Asset China Advantage Fund - Regular Plan - Growth Option 17.77 5.34 N.A 6.05
Benchmark
MSCI China (INR) 8.79 5.35 N.A 4.19 Past performance may or may not be sustained in the future. The Scheme had outperformed its benchmark on 1 year basis and since inception basis due to better performance of underlying scheme.Date of Inception: Regular Growth: November 05, 2009; Direct Growth: January 1, 2013.
Mirae Asset India China Consumption Fund - Direct Plan - Growth Option 25.78 N.A N.A 12.56
Mirae Asset India-China Consumption Fund - Regular Plan - Growth Option 24.51 15.24 N.A 15.44
Benchmark
S&P India & China Weighted Index 23.94 16.45 N.A 17.03 Past performance may or may not be sustained in the future. The Scheme had outperformed its benchmark on 1 year basis majorly due to Overweight on Indian Stocks and Underweight on China Stocks. The scheme has underperformed on since inception basis, due to underweight on Pharma sector and its cash position.Date of Inception: Regular Growth: March 29, 2011; Direct Growth: January 1, 2013.
Mirae Asset Global Commodity Stock Fund - Regular Plan - Growth Option 4.08 (3.66) 12.01 3.27
Mirae Asset Global Commodity Stock Fund - Direct Plan - Growth Option 4.50 N.A N.A (3.97)
Benchmark
S&P Pan Asia Large Midcap Commodity & Resource Capped Index (12.26) (9.17) 9.16 1.88 Past performance may or may not be sustained in the future. The Scheme had outperformed its benchmark on 1 year basis majorly due to better Stock picking in Metals & Construction related sectors. Also, the performance over 5 years and since inception continues to be healthy.Date of Inception: Regular Growth: August 20, 2008; Direct Growth: January 1, 2013.
Mirae Asset Short Term Bond Fund - Direct Plan - Growth Option 8.61 N.A N.A 8.46
Mirae Asset Short Term Bond Fund - Regular Plan - Growth Option 8.00 7.41 N.A 5.96
Benchmark
CRISIL Short Term Bond Fund Index 8.79 8.72 N.A 7.36 Past performance may or may not be sustained in the future. The Scheme underperformed its benchmark as it had lower average maturity and due to Underweight on high yielding Commercial Papers, Corporate Bonds and Overweight on Certifi cate of Deposits, however the fund’s credit quality is better than the benchmark.Date of Inception: Regular Growth: August 03, 2009; Direct Growth: January 1, 2013.
Mirae Asset Cash Management Fund - Direct Plan - Growth Option 8.63 N.A N.A 8.43
Mirae Asset Cash Management Fund - Regular Plan - Growth Option 8.46 7.91 6.18 6.08
Benchmark
CRISIL Liquid Fund Index 9.46 8.71 7.19 7.23 Past performance may or may not be sustained in the future. The Scheme underperformed its benchmark due to Underweight on high yielding Commercial Papers and Overweight on Certifi cate of Deposits, however the fund’s credit quality is better than the benchmark.Date of Inception: Regular Growth: January 12, 2009; Direct Growth: January 1, 2013.
Mirae Asset Ultra Short Term Bond Fund - Regular Plan - Growth Option 8.03 N.A N.A 2.33
Mirae Asset Ultra Short Term Bond Fund - Direct Plan - Growth Option 8.68 N.A N.A 8.69
Benchmark
CRISIL Liquid Fund Index 9.46 N.A N.A 7.48 Past performance may or may not be sustained in the future. The Scheme underperformed its benchmark as it had lower average maturity and due to Underweight on high yielding Commercial Papers and Overweight on Certifi cate of Deposits, however the fund’s credit quality is better than the benchmark.Date of Inception: Regular Growth: March 05, 2008; Direct Growth: January 1, 2013.
Mirae Asset FMP-1-368D - Direct Plan - Growth Option N.A N.A N.A 14.91
Mirae Asset FMP-1-368D - Regular Plan - Growth Option N.A N.A N.A 14.45
Benchmark
CRISIL Short Term Bond Fund Index N.A N.A N.A 13.80 Past performance may or may not be sustained in the future. The Scheme had outperformed its benchmark since inception.Date of Inception: Regular Growth: February 21, 2014; Direct Growth: January 1, 2013.
9
INDEPENDENT AUDITORS’ REPORTTo,The Trustees of Mirae Asset Mutual Fund
Report on the Financial StatementsWe have audited the accompanying fi nancial statements of Mirae Asset Mutual Fund - Mirae Asset India Opportunities Fund, Mirae Asset Emerging Bluechip Fund, Mirae Asset India-China Consumption Fund, Mirae Asset Global Commodity Stock Fund and Mirae Asset China Advantage Fund (“the Scheme”), which comprise the Balance Sheet as at March 31, 2014, and the Revenue Account for the year then ended, and a summary of signifi cant accounting policies and other explanatory information.
Management’s Responsibility for the Financial StatementsManagement is responsible for the preparation of these fi nancial statements that give a true and fair view of the fi nancial position and fi nancial performance of the Schemes in accordance with accounting principles generally accepted in India, including the accounting policies and standards specifi ed in the Ninth Schedule to the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 (‘the SEBI Regulations”). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the fi nancial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditor’s ResponsibilityOur responsibility is to express an opinion on these fi nancial statements based on our audit. We have conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the fi nancial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the fi nancial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the fi nancial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Scheme’s preparation and fair presentation of the fi nancial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the fi nancial statements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
OpinionIn our opinion and to the best of our information and according to the explanations given to us, the fi nancial statements give the information as required by the SEBI Regulations in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:a) In case of Balance Sheet, of the state of affairs of the Schemes as
at March 31, 2014.b) In case of Revenue Account, of the Surplus of the Scheme for the year
ended on that date.
Report on Other Legal and Regulatory Requirements1. We have obtained all the information and explanations, which to the best
of our knowledge and belief were necessary for the purposes of our audit.2. The balance sheet and revenue account dealt with by this report are in
agreement with the books of account.3. In our opinion, the balance sheet and revenue account dealt with by this
report have been prepared in conformity with the accounting policies and standards specifi ed in the Ninth Schedule to the SEBI Regulations.
4. In our opinion and on the basis of information and explanations given to us, the methods used to value non traded securities as at March 31, 2014 are in accordance with the SEBI Regulations and other guidelines issued by the Securities and Exchange Board of India, as applicable, and approved by the Board of Trustees, and fair and reasonable.
For Chokshi & ChokshiChartered AccountantsFRN- 101872W
Nilesh JoshiPartnerMembership No.114749
Place: MumbaiDate: July 14, 2014
INDEPENDENT AUDITORS’ REPORTTo,The Trustees of Mirae Asset Mutual Fund
Report on the Financial StatementsWe have audited the accompanying fi nancial statements of Mirae Asset Mutual Fund - Mirae Asset Ultra Short Term Bond Fund and Mirae Asset Short Term Bond Fund (“the Scheme”), which comprise the Balance Sheet as at March 31, 2014, and the Revenue Account for the year then ended, and a summary of signifi cant accounting policies and other explanatory information.
Management’s Responsibility for the Financial StatementsManagement is responsible for the preparation of these fi nancial statements that give a true and fair view of the fi nancial position and fi nancial performance of the Schemes in accordance with accounting principles generally accepted in India, including the accounting policies and standards specifi ed in the Ninth Schedule to the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 (‘the SEBI Regulations”). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the fi nancial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditor’s ResponsibilityOur responsibility is to express an opinion on these fi nancial statements based on our audit. We have conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the fi nancial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the fi nancial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the fi nancial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Scheme’s preparation and fair presentation of the fi nancial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the fi nancial statements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
OpinionIn our opinion and to the best of our information and according to the explanations given to us, the fi nancial statements give the information as required by the SEBI Regulations in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:a) In case of Balance Sheet, of the state of affairs of the Schemes as
at March 31, 2014.b) In case of Revenue Account, of the Surplus of the Scheme for the year
ended on that date.
Report on Other Legal and Regulatory Requirements1. We have obtained all the information and explanations, which to the best
of our knowledge and belief were necessary for the purposes of our audit.2. The balance sheet and revenue account dealt with by this report are in
agreement with the books of account.3. In our opinion, the balance sheet and revenue account dealt with by this
report have been prepared in conformity with the accounting policies and standards specifi ed in the Ninth Schedule to the SEBI Regulations.
4. In our opinion and on the basis of information and explanations given to us, the methods used to value non traded securities as at March 31, 2014 are in accordance with the SEBI Regulations and other guidelines issued by the Securities and Exchange Board of India, as applicable, and approved by the Board of Trustees, and fair and reasonable.
For Chokshi & ChokshiChartered AccountantsFRN- 101872W
Nilesh JoshiPartnerMembership No.114749
Place: MumbaiDate: July 14, 2014
10
INDEPENDENT AUDITORS’ REPORTTo,The Trustees of Mirae Asset Mutual Fund
Report on the Financial StatementsWe have audited the accompanying fi nancial statements of Mirae Asset Mutual Fund - Mirae Asset Cash Management Fund (“the Scheme”), which comprise the Balance Sheet as at March 31, 2014, and the Revenue Account for the year then ended, and a summary of signifi cant accounting policies and other explanatory information.
Management’s Responsibility for the Financial StatementsManagement is responsible for the preparation of these fi nancial statements that give a true and fair view of the fi nancial position and fi nancial performance of the Schemes in accordance with accounting principles generally accepted in India, including the accounting policies and standards specifi ed in the Ninth Schedule to the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 (‘the SEBI Regulations”). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the fi nancial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditor’s ResponsibilityOur responsibility is to express an opinion on these fi nancial statements based on our audit. We have conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the fi nancial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the fi nancial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the fi nancial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Scheme’s preparation and fair presentation of the fi nancial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the fi nancial statements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
OpinionIn our opinion and to the best of our information and according to the explanations given to us, the fi nancial statements give the information as required by the SEBI Regulations in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:a) In case of Balance Sheet, of the state of affairs of the Schemes as
at March 31, 2014.b) In case of Revenue Account, of the Surplus of the Scheme for the year
ended on that date.
Report on Other Legal and Regulatory Requirements1. We have obtained all the information and explanations, which to the best
of our knowledge and belief were necessary for the purposes of our audit.2. The balance sheet and revenue account dealt with by this report are in
agreement with the books of account.3. In our opinion, the balance sheet and revenue account dealt with by this
report have been prepared in conformity with the accounting policies and standards specifi ed in the Ninth Schedule to the SEBI Regulations.
4. In our opinion and on the basis of information and explanations given to us, the methods used to value non traded securities as at March 31, 2014 are in accordance with the SEBI Regulations and other guidelines issued by the Securities and Exchange Board of India, as applicable, and approved by the Board of Trustees, and fair and reasonable.
For Chokshi & ChokshiChartered AccountantsFRN- 101872W
Nilesh JoshiPartnerMembership No.114749
Place: MumbaiDate: July 14, 2014
INDEPENDENT AUDITORS’ REPORTTo,The Trustees of Mirae Asset Mutual Fund
Report on the Financial StatementsWe have audited the accompanying fi nancial statements of Mirae Asset Mutual Fund - Mirae Asset Liquid Fund (“the Scheme”), which comprise the Balance Sheet as at July 30, 2013, and the Revenue Account for the period April 1, 2013 to July 30, 2013, and a summary of signifi cant accounting policies and other explanatory information.
Management’s Responsibility for the Financial StatementsManagement is responsible for the preparation of these fi nancial statements that give a true and fair view of the fi nancial position and fi nancial performance of the Schemes in accordance with accounting principles generally accepted in India, including the accounting policies and standards specifi ed in the Ninth Schedule to the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 (‘the SEBI Regulations”). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the fi nancial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditor’s ResponsibilityOur responsibility is to express an opinion on these fi nancial statements based on our audit. We have conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the fi nancial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the fi nancial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the fi nancial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Scheme’s preparation and fair presentation of the fi nancial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the fi nancial statements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
OpinionIn our opinion and to the best of our information and according to the explanations given to us, the fi nancial statements give the information as required by the SEBI Regulations in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:a) In case of Balance Sheet, of the state of affairs of the Schemes as
at July 30, 2013.b) In case of Revenue Account, of the Surplus of the Scheme for the period
April 1, 2013 to July 30, 2013.
Report on Other Legal and Regulatory Requirements1. We have obtained all the information and explanations, which to the best
of our knowledge and belief were necessary for the purposes of our audit.2. The balance sheet and revenue account dealt with by this report are in
agreement with the books of account.3. In our opinion, the balance sheet and revenue account dealt with by this
report have been prepared in conformity with the accounting policies and standards specifi ed in the Ninth Schedule to the SEBI Regulations.
4. In our opinion and on the basis of information and explanations given to us, the methods used to value non traded securities as at July 30, 2013 are in accordance with the SEBI Regulations and other guidelines issued by the Securities and Exchange Board of India, as applicable, and approved by the Board of Trustees, and fair and reasonable.
For Chokshi & ChokshiChartered AccountantsFRN- 101872W
Nilesh JoshiPartnerMembership No.114749
Place: MumbaiDate: July 14, 2014
11
INDEPENDENT AUDITORS’ REPORTTo,The Trustees of Mirae Asset Mutual Fund
Report on the Financial StatementsWe have audited the accompanying fi nancial statements of Mirae Asset Mutual Fund - Mirae Asset FMP Series I - 368 Days (“the Scheme”), which comprise the Balance Sheet as at March 31, 2014, and the Revenue Account for the period February 13, 2014 to March 31, 2014, and a summary of signifi cant accounting policies and other explanatory information.
Management’s Responsibility for the Financial StatementsManagement is responsible for the preparation of these fi nancial statements that give a true and fair view of the fi nancial position and fi nancial performance of the Schemes in accordance with accounting principles generally accepted in India, including the accounting policies and standards specifi ed in the Ninth Schedule to the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 (‘the SEBI Regulations”). This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the fi nancial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditor’s ResponsibilityOur responsibility is to express an opinion on these fi nancial statements based on our audit. We have conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the fi nancial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the fi nancial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the fi nancial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Scheme’s preparation and fair presentation of the fi nancial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the fi nancial statements.We believe that the audit evidence we have obtained is suffi cient and appropriate to provide a basis for our audit opinion.
OpinionIn our opinion and to the best of our information and according to the explanations given to us, the fi nancial statements give the information as required by the SEBI Regulations in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:a) In case of Balance Sheet, of the state of affairs of the Schemes as at March 31, 2014.b) In case of Revenue Account, of the Surplus of the Scheme for the period February 13, 2014 to March 31, 2014.
Report on Other Legal and Regulatory Requirements1. We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of our audit.2. The balance sheet and revenue account dealt with by this report are in agreement with the books of account.3. In our opinion, the balance sheet and revenue account dealt with by this report have been prepared in conformity with the accounting policies and standards
specifi ed in the Ninth Schedule to the SEBI Regulations.4. In our opinion and on the basis of information and explanations given to us, the methods used to value non traded securities as at July 30, 2013 are in
accordance with the SEBI Regulations and other guidelines issued by the Securities and Exchange Board of India, as applicable, and approved by the Board of Trustees, and fair and reasonable.
For Chokshi & ChokshiChartered AccountantsFRN- 101872W
Nilesh JoshiPartnerMembership No.114749
Place: MumbaiDate: July 14, 2014
12
ABRI
DGED
BAL
ANCE
SHE
ET A
S AT
MAR
CH 3
1, 2
014
Rupe
es in
Lak
hs
MIR
AE A
SSET
INDI
AO
PPO
RTUN
ITIE
S FU
NDM
IRAE
ASS
ET E
MER
GIN
G
BLUE
CHIP
FUN
DM
IRAE
ASS
ET IN
DIA
CHIN
A CO
NSUM
PTIO
N FU
NDM
IRAE
ASS
ET G
LOBA
LCO
MM
ODI
TY S
TOCK
S FU
NDM
IRAE
ASS
ET C
HINA
AD
VANT
AGE
FUND
As a
t 31
, Mar
ch 2
014
As a
t 31
, Mar
ch 2
013
As a
t 31
, Mar
ch 2
014
As a
t 31
, Mar
ch 2
013
As a
t 31
, Mar
ch 2
014
As a
t 31
, Mar
ch 2
013
As a
t 31
, Mar
ch 2
014
As a
t 31
, Mar
ch 2
013
As a
t 31
, Mar
ch 2
014
As a
t 31
, Mar
ch 2
013
LI
ABIL
ITIE
S
1
Unit
Capi
tal
23,
424.
63
18,
698.
47
14,
787.
14
11,
539.
82
1,3
62.7
3 1
,411
.02
1,0
97.1
0 1
,537
.11
2,0
45.5
1 2
,813
.00
2Re
serv
es &
Sur
plus
18,
280.
11
8,9
91.2
9 8
,294
.71
2,2
43.7
7 6
26.1
8 2
55.1
5 2
18.1
1 2
31.2
0 6
05.4
3 2
75.5
3 2.
1Un
it Pr
emiu
m R
eser
ves
(1,6
12.8
5) (2
,909
.55)
1,8
29.5
6 5
03.0
5 1
5.19
(1
.09)
(309
.23)
(401
.33)
191
.38
198
.05
2.2
Unre
alise
d Ap
prec
iatio
n Re
serv
e 8
,238
.71
2,2
90.2
3 4
,644
.48
723
.50
361
.74
87.
92
124
.40
115
.43
407
.38
64.
36
2.3
Oth
er R
eser
ves
11,
654.
25
9,6
10.6
0 1
,820
.68
1,0
17.2
2 2
49.2
6 1
68.3
2 4
02.9
4 5
17.1
0 6
.68
13.
12
3Lo
ans
& Bo
rrow
ings
- -
- -
- -
- -
- -
4Cu
rren
t Lia
bilit
ies
& Pr
ovis
ions
550
.59
147
.47
347
.27
56.
41
12.
74
8.3
5 5
1.61
1
9.24
2
9.14
3
4.25
4.
1Pr
ovisi
on fo
r dou
btfu
l Inc
ome/
Depo
sits
4.2
Oth
er C
urre
nt L
iabi
lities
& P
rovis
ions
550
.59
147
.47
347
.27
56.
41
12.
74
8.3
5 5
1.61
1
9.24
2
9.14
3
4.25
TOTA
L 4
2,25
5.33
2
7,83
7.23
2
3,42
9.12
1
3,84
0.00
2
,001
.65
1,6
74.5
2 1
,366
.82
1,7
87.5
5 2
,680
.08
3,1
22.7
8
ASSE
TS
1
Inve
stm
ents
1.1.
List
ed S
ecur
ities
: 3
9,94
1.01
2
7,35
7.27
2
1,68
0.50
1
3,12
6.63
1
,421
.47
1,1
67.3
0 4
25.2
2 5
56.2
2 -
- 1.
1.1
Equi
ty S
hare
s 3
9,89
6.36
2
7,35
7.27
2
1,65
4.10
1
3,12
6.63
1
,418
.47
1,1
67.3
0 4
25.2
2 5
56.2
2 -
- 1.
1.2
Pref
eren
ce S
hare
s 4
4.65
26.
40
3
.00
-
-
1.
1.3
Equi
ty L
inke
d De
bent
ures
- -
- -
- -
- -
- -
1.1.
4O
ther
Deb
entu
res
& Bo
nds
- -
- -
- -
- -
- -
1.1.
5Se
curit
ised
Debt
sec
uritie
s -
- -
- -
- -
- -
- 1.
1.6
Deriv
ative
s -
- -
- -
- -
- -
- 1.
2Se
curit
ies
Awai
ted
List
ing:
- -
- -
- -
- -
- -
1.2.
1Eq
uity
Sha
res
- -
- -
- -
- -
- -
1.2.
2Pr
efer
ence
Sha
res
- -
- -
- -
- -
- -
1.2.
3Eq
uity
Lin
ked
Debe
ntur
es -
- -
- -
- -
- -
- 1.
2.4
Oth
er D
eben
ture
s &
Bond
s -
- -
- -
- -
- -
- 1.
2.5
Secu
ritise
d De
bt s
ecur
ities
- -
- -
- -
- -
- -
1.3
Unlis
ted
Secu
ritie
s -
- -
- -
- -
- -
- 1.
3.1
Equi
ty S
hare
s -
- -
- -
- -
- -
- 1.
3.2
Pref
eren
ce S
hare
s -
- -
- -
- -
- -
- 1.
3.3
Equi
ty L
inke
d De
bent
ures
- -
- -
- -
- -
- -
1.3.
4O
ther
Deb
entu
res
& Bo
nds
- -
- -
- -
- -
- -
1.3.
5Se
curit
ised
Debt
sec
uritie
s -
- -
- -
- -
- -
- 1.
4G
over
nmen
t Sec
uritie
s -
- -
- -
- -
- -
- 1.
5Tr
easu
ry B
ills -
- -
- -
- -
- -
- 1.
6Co
mm
ercia
l Pap
er -
- -
- -
- -
- -
- 1.
7Ce
rtifi c
ate
of D
epos
its -
- -
- -
- -
- -
- 1.
8Bi
ll Red
iscou
ntin
g -
- -
- -
- -
- -
- 1.
9Un
its o
f Dom
estic
Mut
ual F
und
253
.40
- -
- -
- -
- -
- 1.
10Fo
reig
n Se
curit
ies
- -
- -
497
.15
441
.11
868
.52
1,1
99.3
1 -
- 1.
11Un
its o
f For
eign
Mut
ual F
und
- -
- -
- -
- -
2,6
17.7
6 3
,086
.43
To
tal I
nves
tmen
ts 4
0,19
4.41
2
7,35
7.27
2
1,68
0.50
1
3,12
6.63
1
,918
.62
1,6
08.4
1 1
,293
.74
1,7
55.5
3 2
,617
.76
3,0
86.4
3 2
Depo
sits
- -
- -
- -
- -
- -
3O
ther
Cur
rent
Ass
ets
2,0
60.9
2 4
79.9
6 1
,748
.62
713
.37
83.
03
66.
11
73.
08
32.
02
62.
32
36.
35
3.1
Cash
& B
ank
Bala
nce
132
.62
38.
67
67.
81
18.
51
2.6
3 2
.90
40.
44
3.4
8 0
.40
0.5
7 3.
2CB
LO/ R
ever
se R
epo
Lend
ing
26.
72
121
.96
14.
30
592
.19
1.4
5 5
7.48
1
.08
12.
10
2.2
3 9
.50
3.3
Oth
ers
1,9
01.5
8 3
19.3
3 1
,666
.51
102
.67
78.
95
5.7
3 3
1.56
1
6.44
5
9.69
2
6.28
4
Defe
rred
Reve
nue
Expe
nditu
re
(to th
e ex
tent
not
writ
ten
off)
TO
TAL
42,
255.
33
27,
837.
23
23,
429.
12
13,
840.
00
2,0
01.6
5 1
,674
.52
1,3
66.8
2 1
,787
.55
2,6
80.0
8 3
,122
.78
13
ABRI
DGED
BAL
ANCE
SHE
ET A
S AT
MAR
CH 3
1, 2
014
Rupe
es in
Lak
hs
MIR
AE A
SSET
CAS
H M
ANAG
EMEN
T FU
NDM
IRAE
ASS
ET L
IQUI
D FU
NDM
IRAE
ASS
ET U
LTRA
SHO
RT
TERM
BO
ND F
UND
MIR
AE A
SSET
SHO
RT T
ERM
BO
ND F
UND
MIR
AE A
SSET
FM
PSE
RIES
I - 3
68 D
AYS
As a
t 31
, Mar
ch 2
014
As a
t 31
, Mar
ch 2
013
As a
t 30
, Jul
y 20
13As
at
31, M
arch
201
3As
at
31, M
arch
201
4As
at
31, M
arch
201
3As
at
31, M
arch
201
4As
at
31, M
arch
201
3As
at
31, M
arch
201
4
LIAB
ILIT
IES
1
Unit
Capi
tal
1,6
53.2
5 4
12.5
9 1
31.8
3 9
5.91
1
,972
.97
3,4
16.1
1 1
,486
.09
167
.55
2,0
12.8
0 2
Rese
rves
& S
urpl
us 3
99.1
6 7
4.72
1
5.78
1
1.81
2
55.5
8 1
61.5
1 2
96.4
4 2
0.52
2
8.38
2.
1Un
it Pr
emiu
m R
eser
ves
0.3
1 0
.09
(2,1
73.9
9) (2
,172
.62)
(2,7
25.1
9) (7
95.2
2) (6
.27)
(0.2
2) -
2.2
Unre
alise
d Ap
prec
iatio
n Re
serv
e 0
.18
- -
- 1
.90
1.0
2 3
.00
- 7
.85
2.3
Oth
er R
eser
ves
398
.67
74.
63
2,1
89.7
7 2
,184
.43
2,9
78.8
7 9
55.7
1 2
99.7
1 2
0.74
2
0.53
3
Loan
s &
Borr
owin
gs -
- -
- -
- -
- -
4Cu
rren
t Lia
bilit
ies
& Pr
ovis
ions
21.
21
1.5
3 1
.44
1.9
9 1
38.7
7 1
8.40
7
.21
5.2
1 0
.37
4.1
Prov
ision
for d
oubt
ful I
ncom
e/De
posit
s
4.2
Oth
er C
urre
nt L
iabi
lities
& P
rovis
ions
21.
21
1.5
3 1
.44
1.9
9 13
8.77
18.
40
7.21
5.2
1 0.
37
TOTA
L 2
,073
.62
488
.84
149
.05
109
.71
2,3
67.3
2 3
,596
.02
1,7
89.7
4 1
93.2
8 2
,041
.55
AS
SETS
1
Inve
stm
ents
1.
1.Li
sted
Sec
uriti
es:
- -
- -
- -
- -
- 1.
1.1
Equi
ty S
hare
s -
- -
- -
- -
- -
1.1.
2Pr
efer
ence
Sha
res
1.
1.3
Equi
ty L
inke
d De
bent
ures
- -
- -
- -
- -
- 1.
1.4
Oth
er D
eben
ture
s &
Bond
s -
- -
- -
- -
- -
1.1.
5Se
curit
ised
Debt
sec
uritie
s -
- -
- -
- -
- -
1.1.
6De
rivat
ives
- -
- -
- -
- -
- 1.
2Se
curit
ies
Awai
ted
List
ing:
- -
- -
- -
- -
- 1.
2.1
Equi
ty S
hare
s -
- -
- -
- -
- -
1.2.
2Pr
efer
ence
Sha
res
- -
- -
- -
- -
- 1.
2.3
Equi
ty L
inke
d De
bent
ures
- -
- -
- -
- -
- 1.
2.4
Oth
er D
eben
ture
s &
Bond
s -
- -
- -
- -
- -
1.2.
5Se
curit
ised
Debt
sec
uritie
s -
- -
- -
- -
- -
1.3
Unlis
ted
Secu
ritie
s -
- -
- -
- -
- -
1.3.
1Eq
uity
Sha
res
- -
- -
- -
- -
- 1.
3.2
Pref
eren
ce S
hare
s -
- -
- -
- -
- -
1.3.
3Eq
uity
Lin
ked
Debe
ntur
es -
- -
- -
- -
- -
1.3.
4O
ther
Deb
entu
res
& Bo
nds
- -
- -
- -
- -
- 1.
3.5
Secu
ritise
d De
bt s
ecur
ities
- -
- -
- -
- -
- 1.
4G
over
nmen
t Sec
uritie
s -
- -
- -
- -
- -
1.5
Trea
sury
Bills
- -
- -
- -
- -
- 1.
6Co
mm
ercia
l Pap
er -
- -
- -
- -
- 4
60.7
7 1.
7Ce
rtifi c
ate
of D
epos
its 1
,801
.63
- -
- 1
,570
.43
3,2
18.0
4 1
,519
.86
- 1
,579
.98
1.8
Bill R
edisc
ount
ing
- -
- -
- -
- -
- 1.
9Un
its o
f Dom
estic
Mut
ual F
und
- -
- -
131
.74
- 2
23.0
0 -
0.4
4 1.
10Fo
reig
n Se
curit
ies
- -
- -
- -
- -
- 1.
11Un
its o
f For
eign
Mut
ual F
und
- -
- -
- -
- -
-
Tota
l Inv
estm
ents
1,8
01.6
3 -
- -
1,7
02.1
7 3
,218
.04
1,7
42.8
6 -
2,0
41.1
9 2
Depo
sits
- -
- -
- -
- -
- 3
Oth
er C
urre
nt A
sset
s 2
71.9
9 4
88.8
4 1
49.0
5 1
09.7
1 6
65.1
5 3
77.9
8 4
6.88
1
93.2
8 0
.36
3.1
Cash
& B
ank
Bala
nce
17.
50
2.7
7 0
.04
0.0
4 8
1.84
1
3.08
2
.91
1.0
0 0
.02
3.2
CBLO
/ Rev
erse
Rep
o Le
ndin
g 2
45.9
6 4
82.9
5 1
48.7
1 1
08.6
4 3
52.7
3 3
52.7
3 3
52.7
3 1
91.4
4 3
52.7
3 3.
3O
ther
s 8
.54
3.1
2 0
.30
1.0
3 2
30.5
8 1
2.17
(3
08.7
6) 0
.84
(352
.39)
4De
ferre
d Re
venu
e Ex
pend
iture
(to th
e ex
tent
not
writ
ten
off)
TOTA
L 2
,073
.62
488
.84
149
.05
109
.71
2,3
67.3
2 3
,596
.02
1,7
89.7
4 1
93.2
8 2
,041
.55
14
AB
RID
GED
REV
ENU
E A
CC
OU
NT
FOR
TH
E YE
AR
/ PE
RIO
D E
ND
ED M
AR
CH
31,
201
4R
upee
s in
Lak
hs
MIR
AE
ASS
ETIN
DIA
OPP
OR
TUN
ITIE
S FU
ND
MIR
AE
ASS
ET
EMER
GIN
GB
LUEC
HIP
FU
ND
MIR
AE
ASS
ETIN
DIA
CH
INA
C
ON
SUM
PTIO
N F
UN
D
MIR
AE
ASS
ETG
LOB
AL
CO
MM
OD
ITY
STO
CK
S FU
ND
MIR
AE
ASS
ETC
HIN
A A
DVA
NTA
GE
FUN
DYe
ar e
nded
M
arch
31,
20
14
Year
end
ed
Mar
ch 3
1,
2013
Year
end
ed
Mar
ch 3
1,
2014
Year
end
ed
Mar
ch 3
1,
2013
Year
end
ed
Mar
ch 3
1,
2014
Year
end
ed
Mar
ch 3
1,
2013
Year
end
ed
Mar
ch 3
1,
2014
Year
end
ed
Mar
ch 3
1,
2013
Year
end
ed
Mar
ch 3
1,
2014
Year
end
ed
Mar
ch 3
1,
2013
1IN
COM
E
1.
1Di
viden
d 4
49.4
7 3
99.9
9 2
98.4
0 2
05.2
3 3
1.45
2
9.88
5
0.51
7
5.36
-
- 1.
2In
tere
st 6
0.87
4
4.69
3
9.11
2
9.66
4
.23
3.1
7 1
.24
5.5
3 3
.12
4.4
2 1.
3Re
alise
d G
ain/
(Los
s) o
n Fo
reig
n Ex
chan
ge T
rans
actio
ns -
- -
- 8
1.56
1
7.29
7
7.06
2
39.3
4 2
69.5
1 5
02.7
0 1.
4Re
alise
d G
ains
/(Los
ses)
on
Inte
rsch
eme
sale
of i
nves
tmen
ts -
- -
- -
- -
- -
- 1.
5Re
alise
d G
ains
/(Los
ses)
on
Exte
rnal
sal
e/re
dem
ptio
n of
in
vest
men
ts 2
,039
.99
806
.58
1,5
38.5
5 1
,216
.92
56.
30
174
.39
(119
.26)
86.
46
(196
.27)
(591
.14)
1.6
Real
ised
Gai
ns/(L
osse
s) o
n De
rivat
ive T
rans
actio
ns -
- -
- -
- -
- -
- 1.
7O
ther
Inco
me
29.
07
15.
05
8.9
2 2
.22
3.3
9 0
.86
1.3
7 0
.63
6.3
0 0
.83
(A
) 2
,579
.40
1,2
66.3
1 1
,884
.98
1,4
54.0
3 1
76.9
3 2
25.5
9 1
0.92
4
07.3
2 8
2.66
(8
3.19
)2
EXPE
NSES
2.1
Man
agem
ent f
ees
384
.79
302
.28
202
.01
150
.22
22.
33
20.
12
19.
37
37.
19
28.
68
37.
04
2.2
Serv
ice ta
x on
Man
agem
ent f
ees
47.
56
37.
36
24.
97
18.
57
2.7
6 2
.49
2.3
9 4
.60
3.5
4 4
.58
2.3
Tran
sfer
age
nts
fees
and
exp
ense
s 3
5.07
3
4.74
1
8.06
1
6.10
2
.05
2.1
1 1
.80
3.9
6 3
.02
5.1
4 2.
4Cu
stod
ian
fees
4.6
1 3
.88
2.5
8 1
.81
0.5
6 0
.38
7.7
8 9
.83
0.4
4 3
.02
2.5
Trus
tees
hip
fees
7.5
5 7
.38
3.8
3 3
.40
0.4
5 0
.45
0.4
1 0
.90
0.6
6 1
.12
2.6
Com
miss
ion
to A
gent
s 3
94.7
2 2
72.6
1 1
89.9
4 1
26.5
8 1
8.53
1
5.15
1
0.50
2
1.92
1
7.48
3
2.34
2.
7M
arke
ting
& Di
strib
utio
n ex
pens
es
-
-
-
-
- 2.
8Au
dit f
ees
1.7
2 1
.12
1.7
2 1
.12
1.1
5 1
.12
0.8
8 1
.12
1.1
6 1
.12
2.9
Oth
er o
pera
ting
expe
nses
33.
23
34.
63
14.
91
13.
29
3.8
4 2
.10
3.0
2 4
.48
3.5
9 4
.63
2.10
Inte
rest
on
borro
wing
s
-
-
-
-
- 2.
11Ex
pens
es re
imbu
rsed
by
AMC
(88.
43)
(22.
75)
(20.
03)
(6.4
8) (0
.86)
(0.7
1) (1
.87)
(6.8
6) (1
.18)
(4.2
6)
(B)
820
.82
671
.25
437
.99
324
.60
50.
81
43.
21
44.
28
77.
14
57.
39
84.
733
NET
REAL
ISED
GAI
NS/(L
OSS
ES) F
OR
THE
YEAR
/PER
IOD
(A -
B =
C) 1
,758
.58
595
.06
1,4
46.9
9 1
,129
.43
126
.12
182
.38
(33.
36)
330
.18
25.
27
(167
.92)
4Ch
ange
in U
nrea
lised
Dep
recia
tion
in v
alue
of i
nves
tmen
ts (D
) -
- -
- -
- (8
8.72
) 1
.43
- (3
69.3
7)5
NET
GAI
NS/(L
OSS
ES) F
OR
THE
YEAR
/PER
IOD
(E=(
C-D)
) 1
,758
.58
595
.06
1,4
46.9
9 1
,129
.43
126
.12
182
.38
55.
36
328
.75
25.
27
201
.45
6Ch
ange
in u
nrea
lised
app
recia
tion
in th
e va
lue
of in
vest
men
ts (F
)
7
NET
SURP
LUS/
(DEF
ICIT
) FO
RTH
E YE
AR/P
ERIO
D ( E
+ F
= G
) 1
,758
.58
595
.06
1,4
46.9
9 1
,129
.43
126
.12
182
.38
55.
36
328
.75
25.
27
201
.45
7.1
Add:
Bal
ance
tran
sfer
from
Unr
ealis
ed A
ppre
ciatio
n Re
serv
e -
--
--
--
--
-7.
2Le
ss: B
alan
ce tr
ansf
er to
Unr
ealis
ed A
ppre
ciatio
n Re
serv
e-
--
--
--
--
-7.
3Ad
d/(L
ess)
: Equ
alisa
tion
1,5
05.9
9 1
,194
.43
301
.97
169
.65
10.
76
13.
25
(169
.52)
(430
.39)
(31.
72)
(8.1
0)7.
4Ne
t Sur
plus
/Defi
cie
nt b
roug
ht fo
rwar
d fro
m P
revio
us P
erio
d9,
610.
618,
998.
451,
017.
2249
1.95
168.
3245
.03
517.
1061
8.74
13.1
2(1
80.2
3)8
Tota
l 1
2,87
5.18
1
0,78
7.94
2
,766
.18
1,7
91.0
3 3
05.2
0 2
40.6
6 4
02.9
4 5
17.1
0 6
.67
13.
12
9Di
vide
nd a
ppro
pria
tion
9.1
Inco
me
Dist
ribut
ed d
urin
g th
e ye
ar/p
erio
d 1
,220
.93
1,1
77.3
3 9
45.5
0 7
73.8
1 5
5.94
7
2.34
-
- -
- 9.
2Ta
x on
inco
me
dist
ribut
ed d
urin
g th
e ye
ar/p
erio
d -
- -
- -
- -
- -
- 10
Reta
ined
Sur
plus
/(Defi
cit)
1
1,65
4.25
9
,610
.61
1,8
20.6
8 1
,017
.22
249
.26
168
.32
402
.94
517
.10
6.6
7 1
3.12
10
.1Tr
ansf
er fr
om U
nit p
rem
ium
Res
erve
- -
- -
- -
- -
- -
11Re
tain
ed S
urpl
us/(D
efi c
it) c
arrie
dfo
rwar
d to
Bal
ance
she
et 1
1,65
4.25
9
,610
.61
1,8
20.6
8 1
,017
.22
249
.26
168
.32
402
.94
517
.10
6.6
7 1
3.12
No
tes
to A
ccou
nts
- Ann
exur
e I
15
AB
RID
GED
REV
ENU
E A
CC
OU
NT
FOR
TH
E YE
AR
/ PE
RIO
D E
ND
ED M
AR
CH
31,
201
4R
upee
s in
Lak
hs
MIR
AE
ASS
ETC
ASH
MA
NA
GEM
ENT
FUN
D
MIR
AE
ASS
ETLI
QU
ID F
UN
DM
IRA
E A
SSET
ULT
RA
SH
OR
T TE
RM
B
ON
D F
UN
D
MIR
AE
ASS
ETSH
OR
T TE
RM
BO
ND
FU
ND
MIR
AE
ASS
ET
FMP
SER
IES
- I -
368
DA
YSYe
ar e
nded
M
arch
31,
20
14
Year
end
ed
Mar
ch 3
1,
2013
Perio
d en
ded
July
30
, 201
4
Year
end
ed
Mar
ch 3
1,
2013
Year
end
ed
Mar
ch 3
1,
2014
Year
end
ed
Mar
ch 3
1,
2013
Year
end
ed
Mar
ch 3
1,
2014
Year
end
ed
Mar
ch 3
1,
2013
Perio
den
ded
Mar
ch 3
1, 2
014
1IN
COM
E
1.1
Divid
end
- -
- -
- -
- -
- 1.
2In
tere
st 1
69.6
2 6
7.27
2
.95
13.
89
157
.93
174
.07
69.
16
32.
96
20.
64
1.3
Real
ised
Gai
n/(L
oss)
on
Fore
ign
Exch
ange
Tra
nsac
tions
- -
-
- -
- -
- 1.
4Re
alise
d G
ains
/(Los
ses)
on
Inte
rsch
eme
sale
of i
nves
tmen
ts (0
.01)
-
- #
0 -
#0
#0
- 1.
5Re
alise
d G
ains
/(Los
ses)
on
Exte
rnal
sal
e/re
dem
ptio
n of
inve
stm
ents
0.0
4 -
- -
0.0
1 -
#0
- #
0 1.
6Re
alise
d G
ains
/(Los
ses)
on
Deriv
ative
Tra
nsac
tions
- -
-
- -
- -
- 1.
7O
ther
Inco
me
- -
-
0.4
6 0
.40
0.5
9 0
.18
-
(A)
169
.65
67.
27
2.9
5 1
3.89
1
58.4
0 1
74.4
7 6
9.75
3
3.14
2
0.64
2
EXPE
NSES
2.
1M
anag
emen
t fee
s 0
.23
0.6
5 0
.04
0.1
8 1
.48
1.4
4 0
.09
0.4
2 -
2.2
Serv
ice ta
x on
Man
agem
ent f
ees
0.0
3 0
.08
0.0
1 0
.02
0.1
8 0
.18
0.0
1 0
.05
- 2.
3Tr
ansf
er a
gent
s fe
es a
nd e
xpen
ses
2.2
0 1
.11
0.0
5 0
.24
1.9
2 2
.59
0.8
4 0
.57
0.1
5 2.
4Cu
stod
ian
fees
0.0
7 #
0 -
#0
0.1
2 0
.25
0.0
6 #
0 0
.09
2.5
Trus
tees
hip
fees
0.4
7 0
.25
0.0
1 0
.05
0.4
2 0
.53
0.1
4 0
.13
- 2.
6Co
mm
issio
n to
Age
nts
2.6
7 1
.16
0.0
3 0
.15
7.7
3 5
.72
8.7
9 1
.13
0.0
7 2.
7M
arke
ting
& Di
strib
utio
n ex
pens
es
-
-
-
-
2.8
Audi
t fee
s 0
.47
0.5
6 0
.02
0.5
7 0
.45
0.5
6 0
.47
0.5
6 0
.06
2.9
Oth
er o
pera
ting
expe
nses
2.8
7 1
.70
0.1
5 0
.45
2.9
0 2
.65
1.3
2 0
.83
0.1
5 2.
10In
tere
st o
n bo
rrowi
ngs
-
-
-
-
2.
11Ex
pens
es re
imbu
rsed
by
AMC
(4.9
0) (2
.43)
(0.1
8) (0
.91)
(2.2
4) (4
.02)
(3.5
5) (0
.46)
(0.4
1)
(B)
4.1
1 3
.08
0.1
3 0
.75
12.
98
9.9
0 8
.17
3.2
4 0
.11
3NE
T RE
ALIS
ED G
AINS
/(LO
SSES
) FO
RTH
E YE
AR/P
ERIO
D (A
- B
= C)
165
.54
64.
19
2.8
2 1
3.15
1
45.4
2 1
64.5
7 6
1.58
2
9.90
2
0.53
4
Chan
ge in
Unr
ealis
ed D
epre
ciatio
n in
val
ue o
f inv
estm
ents
(D)
- -
- -
5
NET
GAI
NS/(L
OSS
ES) F
OR
THE
YEAR
/PER
IOD
(E=(
C-D)
) 1
65.5
4 6
4.19
2
.82
13.
15
145
.42
164
.57
61.
58
29.
90
20.
53
6Ch
ange
in u
nrea
lised
app
recia
tion
in th
e va
lue
of in
vest
men
ts (F
) -
- -
- -
- -
- -
7NE
T SU
RPLU
S/(D
EFIC
IT) F
OR
THE
YEAR
/PER
IOD
( E +
F =
G )
165
.54
64.
19
2.8
2 1
3.15
1
45.4
2 1
64.5
7 6
1.58
2
9.90
2
0.53
7.
1Ad
d: B
alan
ce tr
ansf
er fr
om U
nrea
lised
App
recia
tion
Rese
rve
--
--
--
--
-7.
2Le
ss: B
alan
ce tr
ansf
er to
Unr
ealis
ed A
ppre
ciatio
n Re
serv
e-
--
--
--
--
7.3
Add/
(Les
s): E
qual
isatio
n 2
08.6
1 (3
2.58
) 2
.53
(100
.45)
1,8
98.6
3 7
33.0
2 2
41.4
6 (2
4.23
) -
7.4
Net S
urpl
us/(D
efi c
it) B
roug
htFo
rwar
d Fr
om P
revio
us P
erio
d 7
4.63
6
8.15
2
,184
.43
2,2
72.1
3 9
55.7
1 1
68.7
1 2
0.74
2
9.67
-
8To
tal
448
.78
99.
76
2,1
89.7
8 2
,184
.82
2,9
99.7
6 1
,066
.31
323
.78
35.
34
20.
53
9Di
vide
nd a
ppro
pria
tion
9.
1In
com
e Di
strib
uted
dur
ing
the
year
/per
iod
38.
93
19.
49
0.0
1 0
.31
64.
55
84.
14
18.
68
12.
74
- 9.
2Ta
x on
inco
me
dist
ribut
ed d
urin
g th
e ye
ar/p
erio
d 1
1.18
5
.64
- 0
.09
19.
34
26.
45
5.3
9 1
.86
- 10
Reta
ined
Sur
plus
/(Defi
cit)
3
98.6
7 7
4.63
2
,189
.77
2,1
84.4
3 2
,915
.87
955
.71
299
.71
20.
74
20.
53
10.1
Tran
sfer
from
Uni
t pre
miu
m R
eser
ve -
- -
- 6
2.99
-
- -
- 11
Reta
ined
Sur
plus
/(Defi
cit)
car
ried
forw
ard
to B
alan
ce s
heet
398
.67
74.
63
2,1
89.7
7 2
,184
.43
2,9
78.8
6 9
55.7
1 2
99.7
1 2
0.74
2
0.53
No
tes
to A
ccou
nts
- Ann
exur
e I
# Le
ss th
an 5
0,00
0/-
16
NOTES TO ACCOUNTS - ANNEXURE I TO THE ABRIDGED BALANCE SHEETAND REVENUE ACCOUNT FOR THE YEAR/PERIOD ENDED MARCH 31, 2014
1 Investments:- 1.1. All the investments are held in the name of the Scheme, as per clause 7 of Seventh Schedule under Regulations 44(1) of SEBI (Mutual Funds)
Regulations, 1996. 1.2. Open position of derivatives as on March 31, 2014 is NIL (Previous year: NIL) 1.3. There are no investments in Associates and Group Companies of the sponsor during the period ended March 31, 2014(Previous year: NIL) 1.4. There are no open positions of Securities Borrowed and/or Lent by the schemes. (Previous year: NIL) 1.5. NPA’s as on March 31, 2014 are NIL (Previous year: NIL) 1.6. Aggregate Unrealised Gain/Loss as at the end of the Financial Year/Period and percentage to net assets.
Scheme Name
2013-2014 2012-2013Unrealised Gain/
(Loss) (Rs. in lakhs.)% to NetAssets
Unrealised Gain/ (Loss) (Rs. in lakhs.)
% to NetAssets
Mirae Asset Cash Management Fund 0.18 0.01% - - Mirae Asset Liquid Fund - - - -Mirae Asset Ultra Short Term Bond Fund 1.90 0.09% 1.02 0.03%Mirae Asset Short Term Bond Fund 3.00 0.17% - -Mirae Asset FMP Series I - 368 Days 7.85 0.38% - -Mirae Asset Global Commodity Stocks Fund 124.40 9.46% 115.43 6.53%Mirae Asset India Opportunities Fund 8,238.71 19.80% 2,290.23 8.27%Mirae Asset China Advantage Fund 407.38 15.33% 64.36 2.08%Mirae Asset Emerging Bluechip Fund 4,644.48 20.15% 723.50 5.25%Mirae Asset India-China Consumption Fund 361.74 18.19% 87.92 5.28%
1.7. Aggregate Value of Purchase and Sale with Percentage to average assets.
Scheme Name 2013-2014 2012-2013Purchases
(Rs. in lakhs.)% to NetAssets
Sales(Rs. in lakhs.)
% to NetAssets
Purchases(Rs. in lakhs.)
% to NetAssets
Sales(Rs. in lakhs.)
% to NetAssets
Mirae Asset Cash Management Fund 14,190.72 726.22% 12,464.97 637.91% Mirae Asset Liquid Fund - - - - - - Mirae Asset Ultra Short Term Bond Fund 8,953.50 486.08% 10,564.01 573.51% 8,931.57 435.43% 5,846.00 285.00%Mirae Asset Short Term Bond Fund 3,622.23 441.86% 1,918.21 234.00% 85.52 20.42% 85.64 20.45%Mirae Asset FMP Series I-368 Days 2,014.15 99.46% 0.11 0.01% NA NA - NA Mirae Asset Global Commodity Stocks Fund 127.26 8.21% 649.27 41.91% 912.39 30.67% 2,858.00 96.07%Mirae Asset India Opportunities Fund 18,530.71 60.15% 13,682.02 44.41% 17,505.40 65.94% 14,921.31 56.21%Mirae Asset China Advantage Fund 373.95 14.24% 1,276.45 48.61% 398.40 10.33% 2,783.46 72.19%Mirae Asset Emerging Bluechip Fund 16,062.27 100.94% 12,967.94 81.50% 11,395.24 92.70% 10,213.45 83.09%Mirae Asset India-China Consumption Fund 1,196.48 66.99% 1,297.86 72.66% 1,671.57 103.84% 1,814.76 112.73%
1.8. Non-Traded securities in the portfolio is NIL (Previous year: NIL)
2 Details of Transaction with Associates under regulation 25(8) are as follows: (a) Brokerage paid to associates/related parties/group companies of Sponsor/AMC
Name of associate/related parties/group companies of Sponsor/AMC
Nature of Association/Nature of relation
Periodcovered
Value of transaction*(in Rs. Cr. & % of total
value of transaction of fund)
Brokerage(Rs. Cr. & % of total brokerage
paid by the fund)Mirae Asset Securities (HK) Ltd Associate 2012-13 13.77 2.27% 0.04 2.45%Mirae Asset Securities (HK) Ltd Associate 2013-14 7.83 1.26% 0.01 0.69%
*Transactions done for purchase/sale of mutual funds units are not considerd while computing total value of transaction (b) Commission paid to associates/related parties/group companies of sponsor/AMC
Name of associate/related parties/group companies of Sponsor/AMC
Nature of Association/Nature of relation
Periodcovered
Business given(Rs. Cr. & % of total business
received by the fund)
Brokerage(Rs. Cr. & % of total brokerage
paid by the fund)SATCO Securities & Financial Services Ltd. Commission paid for
procuring unit capital 2012-13 0.00 0.00% 0.00# 0.00#
SATCO Securities & Financial Services Ltd. Commission paid for procuring unit capital 2013-14 0.11 0.02% 0.00# 0.00#
# indicates less than Rs 50,000/-3 Large Holdings in the Scheme (i.e. in excess of 25% of the net assets). Provide details of No. of Investors and total holdings by them in percentage terms. As at March 31, 2014: NIL As at March 31, 2013:
Name of the Scheme No. of Investors % of HoldingMirae Asset Ultra Short Term Bond Fund 2 56.38%
4 Details of Unit Capital are provided in Annexure 2 to Annexure 45 Prior Year Comparatives: The fi gures of the previous period have been regrouped/rearranged, wherever applicable, to conform to current year’s presentation6 Expenses other than management fee is inclusive of service tax where applicable.
Guidance Note: Provide corresponding previous year/period fi gures for all the above disclosures.
17
KEY
STA
TIST
ICS
FOR
TH
E YE
AR
/ PE
RIO
D E
ND
ED M
AR
CH
31,
201
4
MIR
AE
ASS
ET IN
DIA
OP-
POR
TUN
ITIE
S FU
ND
MIR
AE
ASS
ET E
MER
GIN
G
BLU
ECH
IP F
UN
DM
IRA
E A
SSET
IND
IA C
HIN
A C
ON
SUM
PTIO
N F
UN
DM
IRA
E A
SSET
GLO
BA
L C
OM
MO
DIT
Y ST
OC
KS
FUN
DM
IRA
E A
SSET
CH
INA
AD
VAN
TAG
E FU
ND
As
at
31, M
arch
20
14
As
at
31, M
arch
20
13
As
at
31, M
arch
20
14
As
at
31, M
arch
20
13
As
at
31, M
arch
20
14
As
at
31, M
arch
20
13
As
at
31, M
arch
20
14
As
at
31, M
arch
20
13
As
at
31, M
arch
20
14
As
at
31, M
arch
20
131.
NA
V pe
r uni
t (Rs
.):
Regu
lar -
Divi
dend
Pla
n (D
aily)
O
pen
11.
6890
1
2.04
40
11.
5900
1
1.56
90
11.
0420
10
.968
0 1
1.50
70
- 1
0.98
10
10.
167
High
13.
6700
1
4.34
30
14.
9590
1
3.06
70
13.
1940
13
.691
0 1
2.71
80
13.
1160
1
4.54
3 1
2.18
8
Lo
w 1
0.91
10
11.
1170
1
0.50
30
10.
7780
1
0.79
60
10.4
170
10.
3160
1
0.79
80
10.
531
9.8
98
End
13.
3730
1
1.68
90
14.4
310
11.
5900
1
2.60
40
11.0
420
11.
9800
1
1.50
70
12.9
500
10.
981
Re
gula
r - D
ivide
nd P
lan
(Wee
kly)
Ope
n -
- -
- -
- -
- -
-
Hi
gh -
-
- -
-
- -
-
Lo
w -
-
- -
-
- -
-
En
d -
-
- -
-
- -
-
Regu
lar -
Divi
dend
Pla
n (M
onth
ly)
Ope
n -
- -
- -
- 12
.047
012
.052
0 -
-
Hi
gh -
-
- -
- -
- -
-
Lo
w -
-
- -
- -
- -
-
En
d -
-
- -
- -
12.0
470
- -
Re
gula
r - G
rowt
h Pl
an
Ope
n 1
7.52
20
16.
1760
1
2.68
20
11.
5690
1
2.34
80
10.9
680
11.5
070
12.0
520
10.9
810
10.1
670
High
22.
0600
1
9.26
40
17.
1640
1
4.21
40
15.
4020
13
.691
0 1
2.71
80
13.1
160
14.
5430
12
.188
0
Lo
w 1
6.35
60
14.
9320
1
1.49
10
10.
7780
1
2.07
40
10.4
170
10.
3160
10
.798
0 1
0.53
10
9.89
80
En
d 2
2.06
00
17.
5220
1
7.16
40
12.
6820
1
5.40
20
12.3
480
11.9
800
11.5
070
12.9
500
10.9
810
Re
gula
r - D
ivide
nd P
lan
(Qua
rterly
)
O
pen
- -
- -
- -
- -
- -
High
- -
-
- -
-
- -
Low
- -
-
- -
-
- -
End
- -
-
- -
-
- -
Di
rect
Dai
ly
O
pen
13.
0810
11.
6150
12.3
820
1
1.53
50
1
0.99
30
Hi
gh 1
6.64
00
14.3
480
15.
8950
12
.997
0 1
5.60
40
13.6
970
12.
7960
13
.118
0 1
4.60
70
12.1
880
Low
12.
2620
12
.955
0 1
0.57
30
11.5
030
12.
1110
12
.296
0 1
0.36
80
11.5
350
10.
5450
10
.822
0
En
d16
.640
0 13
.081
015
.895
011
.615
015
.604
012
.382
0 1
2.05
90
11.5
350
13.0
490
10.9
930
Di
rect
Gro
wth
Ope
n 1
7.56
30
1
2.71
50
1
2.38
20
1
1.53
50
1
0.99
30
Hi
gh 2
2.33
90
19.2
720
17.
3960
14
.220
0 1
5.60
40
13.6
970
12.
7960
13
.118
0 1
4.60
70
12.1
880
Low
16.
4620
17
.394
0 1
1.57
40
12.5
930
12.
1110
12
.296
0 1
0.36
80
11.5
350
10.
5450
10
.822
0
En
d22
.339
0 17
.563
017
.396
012
.715
015
.604
012
.382
0 1
2.05
90
11.5
350
13.0
490
10.9
930
2.
Clos
ing
Asse
ts U
nder
Man
agem
ent (
Rs. i
n La
khs)
End
41,
613.
36
27,
692.
62
23,
053.
97
13,
784.
72
1,9
88.7
7 1
,666
.35
1,3
15.4
7 1
,768
.34
2,6
56.9
0 3
,088
.63
Aver
age
(AAu
M)
30,
806.
80
26,
547.
34
15,
912.
28
12,
292.
05
1,7
86.1
2 1
,609
.79
1,5
49.1
5 2
,974
.97
2,6
25.7
4 3
,855
.95
3.
Gro
ss in
com
e as
% o
f AAu
M1
8.37
%4.
77%
11.8
5%11
.83%
9.91
%14
.01%
8.40
%13
.69%
10.6
2%13
.17%
4. E
xpen
se R
atio
:
a.
Tota
l Exp
ense
as
% o
f AAu
M2.
66%
2.53
%2.
75%
2.64
%2.
84%
2.68
%2.
86%
2.59
%2.
19%
2.20
%
b.
Man
agem
ent F
ee a
s %
of A
AuM
.1.
25%
1.14
%1.
27%
1.22
%1.
25%
1.25
%1.
25%
1.25
%1.
09%
0.96
%
18
KEY
STA
TIST
ICS
FOR
TH
E YE
AR
/ PE
RIO
D E
ND
ED M
AR
CH
31,
201
4
MIR
AE
ASS
ET IN
DIA
OP-
POR
TUN
ITIE
S FU
ND
MIR
AE
ASS
ET E
MER
GIN
G
BLU
ECH
IP F
UN
DM
IRA
E A
SSET
IND
IA C
HIN
A C
ON
SUM
PTIO
N F
UN
DM
IRA
E A
SSET
GLO
BA
L C
OM
MO
DIT
Y ST
OC
KS
FUN
DM
IRA
E A
SSET
CH
INA
AD
VAN
TAG
E FU
ND
As
at
31, M
arch
20
14
As
at
31, M
arch
20
13
As
at
31, M
arch
20
14
As
at
31, M
arch
20
13
As
at
31, M
arch
20
14
As
at
31, M
arch
20
13
As
at
31, M
arch
20
14
As
at
31, M
arch
20
13
As
at
31, M
arch
20
14
As
at
31, M
arch
20
13
5.
Net I
ncom
e as
a p
erce
ntag
e of
AAu
M2
5.71
%2.
24%
9.09
%9.
19%
7.06
%11
.33%
-2.1
5%11
.10%
0.96
%-4
.35%
6.
Portf
olio
turn
over
ratio
0.4
3 0
.56
0.7
9 0
.83
0.6
4 1
.04
0.0
8 0
.31
0.1
4 0
.10
7.
Tota
l Divi
dend
per
uni
t dist
ribut
ed d
urin
g th
e ye
ar / p
erio
d (p
lan
wise
)
Re
gula
r - D
ivide
nd P
lan
(Indi
vidua
l) 1
.200
0 1
.400
0 1
.200
0 1
.100
0 1
.100
0 1
.300
0
Regu
lar -
Divi
dend
Pla
n (O
ther
s)
1.2
000
1.4
000
1.2
000
1.1
000
1.1
000
1.3
000
8.
Retu
rns:
1 Ye
ar
Sc
hem
e
Di
rect
- G
rowt
h O
ptio
n26
.94%
36
.47%
25
.78%
4.
50%
18
.54%
Re
gula
r - G
rowt
h O
ptio
n25
.66%
8.37
%35
.01%
9.68
%24
.51%
12.6
6%4.
08%
-4.5
1%17
.77%
8.05
%
Benc
hmar
k
Re
gula
r - G
rowt
h O
ptio
n17
.04%
6.06
%16
.22%
-4.0
4%23
.68%
13.2
4%14
.05%
-5.0
4%8.
84%
10.5
4%
Sinc
e In
cept
ion
Sche
me
Dire
ct -
Gro
wth
Opt
ion
14.0
1%
18.4
1%
11.6
6%
-5.1
7%
6.68
%
Regu
lar -
Gro
wth
Opt
ion
14.1
2%11
.91%
15.5
9%9.
13%
15.4
4%11
.12%
3.27
%3.
09%
6.05
%2.
80%
Benc
hmar
k
Re
gula
r - G
rowt
h O
ptio
n5.
93%
3.81
%0.
99%
-4.1
3%16
.98%
13.7
0%1.
88%
5.25
%4.
19%
2.86
%
1.
Gro
ss in
com
e =
amou
nt a
gain
st (A
) in
the
Rev
enue
acc
ount
i.e.
Inco
me.
2.
Net
inco
me
= am
ount
aga
inst
(C) i
n th
e R
even
ue a
ccou
nt i.
e. N
ET
RE
ALI
SE
D G
AIN
S /
(LO
SS
ES
) FO
R T
HE
YE
AR
/ P
ER
IOD
3.
Por
tfolio
Tur
nove
r = L
ower
of s
ales
or p
urch
ase
divi
ded
by th
e Av
erag
e A
uM fo
r the
yea
r/per
iod.
4.
AA
uM=A
vera
ge d
aily
net
ass
ets
19
KEY
STA
TIST
ICS
FOR
TH
E YE
AR
/ PE
RIO
D E
ND
ED M
AR
CH
31,
201
4M
IRA
E A
SSET
CA
SH
MA
NA
GEM
ENT
FUN
DM
IRA
E A
SSET
LIQ
UID
FU
ND
MIR
AE
ASS
ET U
LTR
A SH
OR
T TE
RM
BO
ND
FU
ND
MIR
AE
ASS
ET S
HO
RT
TER
M B
ON
D F
UN
DM
IRA
E A
SSET
FM
P SE
RIE
S I -
368
DAY
SA
s at
31
, Mar
ch20
14
As
at
31, M
arch
2013
As
at
30, J
uly
2013
As
at
31, M
arch
2013
As
at
31, M
arch
2014
As
at
31, M
arch
2013
As
at
31, M
arch
20
14
As
at
31, M
arch
20
13A
s at
31
, Mar
ch 2
014
1.
NAV
per u
nit (
Rs.):
Inst
itutio
nal -
Divi
dend
Pla
n (D
aily)
Ope
n -
-
-
- -
- -
High
- -
1,0
09.8
172
- -
-
Low
- -
1,0
00.0
000
- -
-
End
- -
1,0
09.8
172
- -
- -
In
stitu
tiona
l - D
ivide
nd P
lan
(Wee
kly)
O
pen
- -
1,0
19.6
375
- 1
,036
.518
4 -
- -
-
Hi
gh -
- 1
,045
.851
1 1
,019
.637
5 1
,093
.942
8 1
,036
.518
4 -
- -
Low
- -
1,0
20.7
447
1,0
00.0
000
1,0
37.7
709
1,0
00.0
000
- -
-
En
d -
- 1
,045
.851
1 1
,019
.637
5 1
,093
.043
1 1
,036
.518
4 -
- -
In
stitu
tiona
l - G
rowt
h Pl
an
O
pen
- -
1,0
36.4
764
- 1
,064
.436
2 -
- -
-
Hi
gh -
- 1
,061
.438
2 1
,036
.476
4 1
,149
.934
0 1
,064
.436
2 -
Low
- -
1,0
37.8
137
1,0
00.0
000
1,0
65.7
224
1,0
00.0
000
-
En
d -
- 1
,061
.438
2 1
,036
.476
4 1
,149
.934
0 1
,064
.436
2 -
- -
In
stitu
tiona
l - D
ivide
nd P
lan
(Mon
thly)
Ope
n -
- 1
,027
.114
7 -
1,0
34.5
231
- -
- -
High
- -
1,0
52.4
259
1,0
27.1
147
1,0
77.4
191
1,0
34.5
231
- -
-
Lo
w -
- 1
,028
.436
7 1
,000
.000
0 1
,035
.773
1 1
,000
.000
0 -
- -
End
- -
1,0
52.4
259
1,0
27.1
147
1,0
72.2
080
1,0
34.5
231
- -
-
Inst
itutio
nal -
Divi
dend
Pla
n Q
uarte
rly)
O
pen
- -
- -
1,0
17.6
771
- -
- -
High
- -
- -
1,0
41.6
593
1,0
26.1
977
- -
-
Lo
w -
- -
- 1
,010
.360
0 1
,000
.000
0 -
- -
End
- -
- -
1,0
38.7
654
1,0
17.6
771
- -
-
Regu
lar -
Divi
dend
Pla
n (D
aily)
Ope
n 1
,046
.969
2 1
,039
.544
9 1
,141
.198
5 1
,060
.997
3 1
,202
.855
0 1
,110
.036
9 -
- -
High
1,0
52.5
480
1,0
46.9
692
1,1
68.6
935
1,1
41.1
985
1,2
99.4
717
1,2
02.8
550
- -
-
Lo
w 1
,047
.100
8 1
,039
.325
7 1
,142
.670
9 1
,061
.580
8 1
,204
.308
5 1
,111
.241
3 -
- -
End
1,0
52.5
480
1,0
46.9
692
1,1
68.6
935
1,1
41.1
985
1,2
99.4
717
1,2
02.8
550
- -
-
Regu
lar -
Divi
dend
Pla
n (W
eekly
)
Ope
n 1
,133
.327
2 1
,124
.104
2 1
,144
.013
5 1
,063
.628
8 1
,202
.809
0 1
,110
.317
1 1
0.17
34
10.
0932
-
High
1,1
39.4
370
1,1
33.3
272
1,1
71.5
763
1,1
44.0
135
1,2
99.4
211
1,2
02.8
090
10.
2538
1
0.17
34
-
Lo
w 1
,131
.982
9 1
,123
.790
1 1
,145
.489
6 1
,064
.213
8 1
,204
.262
2 1
,111
.181
5 1
0.16
17
10.
0908
-
End
1,1
38.2
765
1,1
33.3
272
1,1
71.5
763
1,1
44.0
135
1,2
99.4
211
1,2
02.8
090
10.
2472
1
0.17
34
-
Regu
lar -
Divi
dend
Pla
n (M
onth
ly)
O
pen
1,1
31.7
786
1,1
23.9
609
1,0
36.5
340
1,0
29.4
328
1,2
05.7
617
1,1
13.0
581
10.
1673
1
0.09
93
-
Hi
gh 1
,144
.438
5 1
,136
.676
3 1
,043
.411
2 1
,041
.148
1 1
,302
.607
1 1
,205
.761
7 1
0.28
79
10.
2115
-
Low
1,1
31.8
724
1,1
23.4
881
1,0
36.6
557
1,0
29.0
193
1,2
07.2
202
1,1
13.9
246
10.
1685
1
0.09
57
-
En
d 1
,138
.651
9 1
,131
.778
6 1
,039
.572
1 1
,036
.534
0 1
,302
.607
1 1
,205
.761
7 1
0.22
64
10.
1673
-
Re
gula
r - G
rowt
h Pl
an
O
pen
1,2
53.6
599
1,1
64.5
116
1,1
98.5
152
1,1
14.2
866
1,2
61.9
694
1,1
64.9
348
12.
1186
1
1.28
84
Hi
gh 1
,359
.679
7 1
,253
.659
9 1
,227
.390
0 1
,198
.515
2 1
,363
.305
8 1
,261
.969
4 1
3.08
78
12.
1186
1
0.13
03
Low
1,2
55.2
347
1,1
65.1
886
1,2
00.0
616
1,1
14.8
995
1,2
63.4
934
1,1
65.8
417
12.
1363
1
1.29
70
10.
0000
En
d 1
,359
.679
7 1
,253
.659
9 1
,227
.390
0 1
,198
.515
2 1
,363
.305
8 1
,261
.969
4 1
3.08
78
12.
1186
1
0.13
03
Re
gula
r - D
ivide
nd P
lan
(Qua
rterly
)
Ope
n -
- -
- -
- 1
1.82
43
11.
0139
High
- -
- -
- -
12.
5525
1
1.82
43
-
Lo
w -
- -
- -
- 1
1.84
17
11.
0224
-
End
- -
- -
- -
12.
5264
1
1.82
43
-
20
KEY
STA
TIST
ICS
FOR
TH
E YE
AR
/ PE
RIO
D E
ND
ED M
AR
CH
31,
201
4M
IRA
E A
SSET
CA
SH
MA
NA
GEM
ENT
FUN
DM
IRA
E A
SSET
LIQ
UID
FU
ND
MIR
AE
ASS
ET U
LTR
A SH
OR
T TE
RM
BO
ND
FU
ND
MIR
AE
ASS
ET S
HO
RT
TER
M B
ON
D F
UN
DM
IRA
E A
SSET
FM
P SE
RIE
S I -
368
DAY
SA
s at
31
, Mar
ch20
14
As
at
31, M
arch
2013
As
at
30, J
uly
2013
As
at
31, M
arch
2013
As
at
31, M
arch
2014
As
at
31, M
arch
2013
As
at
31, M
arch
20
14
As
at
31, M
arch
20
13A
s at
31
, Mar
ch 2
014
Di
rect
Dai
ly
Ope
n 1
,053
.750
3 -
1,0
49.0
261
-
- -
-
High
1,0
61.4
088
1,05
3.75
03
1,03
6.58
93 1
,049
.026
1 -
- -
10.
1342
Lo
w 1
,053
.883
8 1,
045.
1730
1,
018.
4926
1,0
07.9
584
- -
- 1
0.00
00
End
1,0
61.4
088
1,05
3.75
03
1,04
9.02
61
- -
- 10
.134
2
Dire
ct G
rowt
h
Ope
n 1
,253
.807
9
1,0
36.5
893
NA
1,0
65.5
965
- 1
2.12
62
Hi
gh 1
,361
.968
0 1,
253.
8079
1,0
61.7
509
1,03
6.58
93 1
,158
.094
9 1,
065.
5965
13.
1708
12
.126
2 1
0.13
42
Low
1,2
55.4
073
1,23
2.33
70 1
,037
.932
6 1,
018.
4926
1,0
66.9
718
1,04
4.73
95 1
2.14
44
11.9
134
10.
0000
En
d 1
,361
.968
0 1,
253.
8079
1,0
61.7
509
1,03
6.58
93 1
,158
.094
9 1,
065.
5965
13.1
708
12.1
262
10.1
342
Di
rect
Mon
thly
O
pen
1,1
50.6
243
-
- 1
,035
.586
8
10.
3408
-
-
Hi
gh 1
,169
.269
4
- -
1,1
25.4
477
1,03
5.58
68 1
0.42
68
- -
Low
1,1
52.0
878
-
- 1
,036
.923
5 1,
015.
3798
10.
3564
-
-
En
d
1,15
0.62
43 -
- 1
,125
.447
7 1,
035.
5868
10.2
264
10.3
408
-
Dire
ct Q
uarte
rly
O
pen
- -
- -
1,0
38.2
831
1
1.83
27
- -
High
- -
- -
1,0
64.4
713
1,03
8.28
31 1
2.85
22
11.8
327
-
Lo
w -
- -
- 1
,030
.270
0 1,
017.
9087
11.
8505
11
.624
1 -
End
- -
- -
1,0
61.2
494
1,03
8.28
3112
.852
211
.832
7 -
Di
rect
Wee
kly
O
pen
1,1
50.7
758
-
- 1
,037
.683
4 -
10.
3340
-
-
Hi
gh 1
,185
.731
9 1,
150.
7758
- -
1,1
27.6
507
1,03
7.68
34 1
1.22
59
10.3
340
-
Lo
w 1
,152
.233
2 1,
130.
9273
- -
1,0
39.0
162
1,01
7.40
39 1
0.34
95
10.1
521
-
En
d 1
,184
.607
1 1,
150.
7758
- -
1,1
27.6
507
1,03
7.68
3411
.225
910
.334
0 -
2.
Clos
ing
Asse
ts U
nder
Man
agem
ent (
Rs. i
n La
khs)
En
d 2
,052
.41
487
.31
147
.60
107
.72
2,2
28.3
2 3
,577
.62
1,7
82.5
3 1
88.0
7 2
,041
.17
Aver
age
(AAu
M)
1,9
54.0
4 8
53.8
3 1
23.4
0 1
78.7
9 1
,841
.98
2,0
51.2
1 8
19.7
6 4
18.7
8 2
,025
.03
3.
Gro
ss in
com
e as
% o
f AAu
M1
8.68
%7.
88%
7.21
%7.
77%
8.60
%8.
51%
8.51
%7.
91%
9.54
%4.
Exp
ense
Rat
io:
a.
Tota
l Exp
ense
as
% o
f AAu
M0.
21%
0.36
%0.
33%
0.42
%0.
70%
0.48
%1.
00%
0.77
%0.
05%
b.
M
anag
emen
t Fee
as
% o
f AAu
M.
0.01
%0.
08%
0.10
%0.
10%
0.08
%0.
07%
0.01
%0.
10%
0.00
%5.
Ne
t Inc
ome
as a
per
cent
age
of A
AuM
28.
47%
7.52
%6.
88%
7.35
%7.
89%
8.02
%7.
51%
7.14
%9.
49%
6.
Portf
olio
turn
over
ratio
- -
- -
- -
- -
- 7.
To
tal D
ivide
nd p
er u
nit d
istrib
uted
dur
ing
the
year
/ pe
riod
(pla
n wi
se)
In
stitu
tiona
l - D
ivide
nd P
lan
(Indi
vidua
l)
In
stitu
tiona
l - D
ivide
nd P
lan
(Oth
ers)
In
stitu
tiona
l - D
ivide
nd P
lan
(Dai
ly) (I
ndivi
dual
)
0.7
381
32.
2939
Inst
itutio
nal -
Divi
dend
Pla
n (D
aily)
(Oth
ers)
- 3
0.92
85
In
stitu
tiona
l - D
ivide
nd P
lan
(Wee
kly) (
Indi
vidua
l)
2
0.55
32
0.3
171
Inst
itutio
nal -
Divi
dend
Pla
n (W
eekly
) (O
ther
s)
19.
6842
0
.153
9
In
stitu
tiona
l - D
ivide
nd P
lan
(Mon
thly)
(Ind
ividu
al)
34.
6606
Inst
itutio
nal -
Divi
dend
Pla
n (M
onth
ly) (O
ther
s)
33.
1951
Inst
itutio
nal -
Divi
dend
Pla
n (Q
uarte
rly) (
Indi
vidua
l)
40.
1626
4
7.11
20
In
stitu
tiona
l - D
ivide
nd P
lan
(Qua
rterly
) (O
ther
s)
3
4.42
34
43.
5052
Regu
lar -
Divi
dend
Pla
n (In
divid
ual)
Regu
lar -
Divi
dend
Pla
n (O
ther
s)
Regu
lar -
Divi
dend
Pla
n (D
aily)
(Ind
ividu
al)
62.
1219
5
4.79
15
21
KEY
STA
TIST
ICS
FOR
TH
E YE
AR
/ PE
RIO
D E
ND
ED M
AR
CH
31,
201
4M
IRA
E A
SSET
CA
SH
MA
NA
GEM
ENT
FUN
DM
IRA
E A
SSET
LIQ
UID
FU
ND
MIR
AE
ASS
ET U
LTR
A SH
OR
T TE
RM
BO
ND
FU
ND
MIR
AE
ASS
ET S
HO
RT
TER
M B
ON
D F
UN
DM
IRA
E A
SSET
FM
P SE
RIE
S I -
368
DAY
SA
s at
31
, Mar
ch20
14
As
at
31, M
arch
2013
As
at
30, J
uly
2013
As
at
31, M
arch
2013
As
at
31, M
arch
2014
As
at
31, M
arch
2013
As
at
31, M
arch
20
14
As
at
31, M
arch
20
13A
s at
31
, Mar
ch 2
014
Re
gula
r - D
ivide
nd P
lan
(Dai
ly) (O
ther
s)
52.
0986
5
2.60
03
Regu
lar -
Divi
dend
Pla
n (W
eekly
) (In
divid
ual)
66.
6262
5
9.62
98
0.5
531
0.5
753
Regu
lar -
Divi
dend
Pla
n (W
eekly
) (O
ther
s)
63.
8115
5
7.19
27
0.5
197
0.4
204
Regu
lar -
Divi
dend
Pla
n (M
onth
ly) (I
ndivi
dual
) 6
6.65
51
59.
5088
1
6.91
46
53.
8334
0
.577
6 0
.575
1
Re
gula
r - D
ivide
nd P
lan
(Mon
thly)
(Oth
ers)
4
8.89
06
57.
0791
-
-
0
.543
3 0
.492
9
Re
gula
r - D
ivide
nd P
lan
(Qua
rterly
) (In
divid
ual)
0.1
870
Re
gula
r - D
ivide
nd P
lan
(Qua
rterly
) (O
ther
s)
0.1
791
Di
rect
Dai
ly Di
viden
d (In
divid
ual)
62.0
553
7.62
93
Di
rect
Dai
ly Di
viden
d (O
ther
s)
35.9
099
3.82
54
Di
rect
Wee
kly D
ivide
nd (I
ndivi
dual
) 49
.286
3
Dire
ct W
eekly
Divi
dend
(Oth
ers)
39
.943
4
Dire
ct Q
uarte
ly Di
viden
d (In
divid
ual)
52.0
087
Di
rect
Qua
rterly
Divi
dend
(Oth
ers)
48
.034
0
8.
Re
turn
s:
1 Ye
ar
Sche
me
Di
rect
- G
rowt
h O
ptio
n8.
63%
7.
08%
8.
68%
8.
61%
N.
ARe
gula
r - G
rowt
h O
ptio
n8.
46%
7.73
%7.
03%
7.63
%8.
03%
8.41
%8.
00%
7.43
%N.
A
Be
nchm
ark
Re
gula
r - G
rowt
h O
ptio
n9.
46%
8.22
%9.
46%
8.22
%9.
46%
8.22
%8.
79%
9.10
%8.
79%
Sinc
e In
cept
ion
Sc
hem
e
Dire
ct -
Gro
wth
Opt
ion
8.42
%
7.50
%
8.70
%
8.46
%
14.9
1%Re
gula
r - G
rowt
h O
ptio
n6.
08%
5.52
%3.
81%
3.64
%8.
29%
4.70
%5.
96%
5.40
%14
.45%
Benc
hmar
k
Regu
lar -
Gro
wth
Opt
ion
7.23
%6.
70%
7.23
%7.
09%
8.84
%7.
09%
7.36
%6.
67%
13.8
0%
1.
Gro
ss in
com
e =
amou
nt a
gain
st (A
) in
the
Rev
enue
acc
ount
i.e.
Inco
me.
2.
Net
inco
me
= am
ount
aga
inst
(C) i
n th
e R
even
ue a
ccou
nt i.
e. N
ET
RE
ALI
SE
D G
AIN
S /
(LO
SS
ES
) FO
R T
HE
YE
AR
/ P
ER
IOD
3.
Por
tfolio
Tur
nove
r = L
ower
of s
ales
or p
urch
ase
divi
ded
by th
e Av
erag
e A
uM fo
r the
yea
r/per
iod.
4.
AA
uM=A
vera
ge d
aily
net
ass
ets
22
Annexure 2 - UNIT CAPITAL Mirae Asset Cash Management Fund** Mirae Asset Liquid Fund**
March 31, 2014 March 31, 2013 30 July ,2013 March 31, 2013Quantity Amount
(Rs. in 000’s) Quantity Amount
(Rs. in 000’s) Quantity Amount
(Rs. in 000’s) Quantity Amount
(Rs. in 000’s) Unit Capital Regular - Growth Outstanding, beginning of year/period 18,897.823 18898 27,331.146 27331 3,094.571 3094 6,765.401 6765Issued - during the year/period 192,688.649 192689 318,419.867 318420 - - 4,770.153 4770Redeemed during the year/period (147,484.022) (147,484) (326,853.190) (326,853) (430.665) (431) (8,440.983) (8,441)Outstanding, end of year/period 64,102.450 64103 18,897.823 18898 2,663.906 2663 3,094.571 3094Regular - Daily Dividend Outstanding, beginning of year/period 4,388.817 4389 36,187.675 36188 1,743.768 1744 1,967.266 1967Issued - during the year/period 68,856.281 68856 341,745.499 341745 - - 2,093.823 2094Redeemed during the year/period (48,385.947) (48,386) (373,544.357) (373,544) - - (2,317.321) (2,317)Outstanding, end of year/period 24,859.151 24859 4,388.817 4389 1,743.768 1744 1,743.768 1744Regular - Weekly Dividend Outstanding, beginning of year/period 14,027.651 14028 4,461.030 4461 1,292.244 1292 157.282 157Issued 0- during the year/period 39,972.119 39972 28,058.964 28059 - - 1,483.245 1483Redeemed during the year/period (29,364.299) (29,364) (18,492.343) (18,492) (2.007) (2) (348.283) (348)Outstanding, end of year/period 24,635.471 24636 14,027.651 14028 1,290.237 1290 1,292.244 1292Regular - Monthly Dividend Outstanding, beginning of year/period 2,035.418 2036 2,823.206 2824 111.148 112 880.556 881Issued - during the year/period 53,651.163 53651 14,770.303 14770 - - 116.770 117Redeemed during the year/period (47,792.043) (47,792) (15,558.091) (15,558) (48.159) (48) (886.178) (886)Outstanding, end of year/period 7,894.538 7895 2,035.418 2036 62.989 64 111.148 112Institutional Plan - Growth option Outstanding, beginning of year/period - - - - 3,135.381 3136 - - Issued -during the year/period - - - - 6,189.181 6189 35,868.834 35869Redeemed during the year/period - - - - (2,014.789) (2,015) (32,733.453) (32,733)Outstanding, end of year/period - - - - 7,309.773 7310 3,135.381 3136Institutional Plan - Daily Dividend option
Outstanding, beginning of year/period - - - - - - 10,003.547 10004Issued -during the year/period - - - - - - 7.383 7Redeemed during the year/period - - - - - - (10,010.930) (10,011)Outstanding, end of year/period - - - - - - - - Institutional Plan - Weekly Dividend option
Outstanding, beginning of year/period - - - - 26.535 27 - - Issued -during the year/period - - - - - 622.739 623Redeemed during the year/period - - - - (26.441) (26) (596.204) (596)Outstanding, end of year/period - - - - 0.094 1 26.535 27Institutional Plan - Monthly Dividend option
Outstanding, beginning of year/period - - - - 2.693 3 - - Issued during the year/period - - - - 1.421 1 56.023 56Redeemed during the year/period - - - - - - (53.330) (53)Outstanding, end of year/period - - - - 4.114 4 2.693 3Direct Plan - Growth option Outstanding, beginning of year/period 1,034.073 1034 - - 182.776 183 - - Issued -during the year/period 329,494.348 329494 16,153.986 16154 88.072 88 396.624 397Redeemed during the year/period (303,843.965) (303,844) (15,119.913) (15,120) (165.352) (165) (213.848) (214)Outstanding, end of year/period 26,684.456 26684 1,034.073 1034 105.496 106 182.776 183
23
Mirae Asset Cash Management Fund** Mirae Asset Liquid Fund** March 31, 2014 March 31, 2013 July 30, 2013 March 31, 2013
Quantity Amount (Rs. in 000’s)
Quantity Amount (Rs. in 000’s)
Quantity Amount (Rs. in 000’s)
Quantity Amount (Rs. in 000’s)
Direct Plan - Daily Dividend option Outstanding, beginning of year/period 829.683 830 - - - - - - Issued -during the year/period 50,274.398 50274 29,387.529 29388 - - - - Redeemed during the year/period (35,378.118) (35,378) (28,557.846) (28,558) - - - - Outstanding, end of year/period 15,725.963 15726 829.683 830 - - - - Direct Plan - Weekly Dividend option
Outstanding, beginning of year/period 39.790 40 - - - - - - Issued -during the year/period 3,678.586 3679 39.790 40 - - - - Redeemed during the year/period (2,296.507) (2,297) - - - - - Outstanding, end of year/period 1,421.869 1422 39.790 40 - - - - Direct Plan - Monthly Dividend option
Outstanding, beginning of year/period 4.421 4 - - - - - - Issued during the year/period - 0 4.421 4 - - - - Redeemed during the year/period (4.421) (4) - - - - - - Outstanding, end of year/period - - 4.421 4 - - - - Total Outstanding, beginning of year/period 41,257.676 41259 70,803.057 70804 9,589.116 9591 19,774.052 19774Issued -during the year/period 738,615.544 738615 748,580.359 748580 6,278.674 6279 45,415.594 45416
Redeemed during the year/period (614,549.322) (614,549)
(778,125.740) (778,125) (2,687.413) (2,687) (55,600.530) (55,599)
Outstanding, end of year/period 165,323.898 165325 41,257.676 41259 13,180.377 13183 9,589.116 9591
**Note: Details of large holdings (over 25% of the NAV of the Scheme):
Name of the Scheme March 31, 2014 March 31, 2013 No. of Investors % Holding No. of Investors % Holding Mirae Asset Cash Managemennt Fund NIL NIL NIL NIL
Mirae Asset Liquid Fund NIL NIL NIL NIL
24
Ann
exur
e 3
- UN
IT C
API
TAL
Mira
e As
set U
ltra
Shor
t Ter
m B
ond
Fund
**
Mira
e As
set S
hort
Term
Fun
d**
Mira
e As
set F
MP
Serie
s I-3
68 D
ays*
*31
Mar
ch, 2
014
31 M
arch
, 201
331
Mar
ch, 2
014
31 M
arch
, 201
331
Mar
ch, 2
014
Qua
ntity
A
mou
nt
(Rs.
in 0
00’s
) Q
uant
ity
Am
ount
(R
s. in
000
’s)
Qua
ntity
A
mou
nt
(Rs.
in 0
00’s
) Q
uant
ity
Am
ount
(R
s. in
000
’s)
Qua
ntity
A
mou
nt
(Rs.
in 0
00’s
) G
row
th O
ptio
n
Regu
lar Q
uarte
rly D
ivid
end
Opt
ion
O
utst
andi
ng, b
egin
ning
of y
ear
- -
- -
4,9
25.5
66
49
3,9
93.0
96
40
- -
Issu
ed
-n
ew fu
nd o
ffer
- -
- -
- -
- -
- -
-dur
ing
the
year
/per
iod
- -
- -
1,4
12,5
62.2
43
14,
126
76,
677.
792
766
-
- Re
deem
ed d
urin
g th
e ye
ar/p
erio
d -
- -
- (1
2,20
9.59
7) (1
22)
(75,
745.
322)
(757
) -
- O
utst
andi
ng, e
nd o
f per
iod
- -
- -
1,4
05,2
78.2
12
14,
053
4,9
25.5
66
49
- -
Regu
lar P
lan
- Gro
wth
opt
ion
O
utst
andi
ng, b
egin
ning
of y
ear/p
erio
d 2
,973
.672
2
,974
1
0,74
2.51
2 1
0,74
3 8
95,8
06.2
76
8,9
59
1,9
46,2
53.2
63
19,
463
-
Issu
ed
-n
ew fu
nd o
ffer
- -
- -
- -
- -
1804
570.
000
1804
6-d
urin
g th
e ye
ar/p
erio
d
- 1
3,70
5.57
0 1
3,70
6 8
,528
,217
.701
8
5,28
2 3
,213
,657
.552
3
2,13
7 -
- Re
deem
ed d
urin
g th
e ye
ar/p
erio
d (1
,181
.018
) (1
,181
) (2
1,47
4.41
0) (2
1,47
5)(2
,816
,878
.815
) (2
8,16
9)(4
,264
,104
.539
) (4
2,64
1) -
- O
utst
andi
ng, e
nd o
f yea
r/per
iod
1,7
92.6
54
1,7
93
2,9
73.6
72
2,9
74
6,6
07,1
45.1
62
66,
072
895
,806
.276
8
,959
18
0457
0.00
0 1
8,04
6 Re
gula
r Pla
n - D
ivid
end
optio
n
O
utst
andi
ng, b
egin
ning
of y
ear/p
erio
d 5
,495
.765
5
,496
7
,104
.976
7
,106
-
- -
- -
- Is
sued
-new
fund
offe
r -
- -
- -
- -
- -
- -d
urin
g th
e ye
ar/p
erio
d
- 2
64.7
23
265
- -
- -
- Re
deem
ed d
urin
g th
e ye
ar/p
erio
d (1
,217
.681
) (1
,218
) (1
,873
.934
) (1
,874
)
- -
- -
- O
utst
andi
ng, e
nd o
f yea
r/per
iod
4,2
78.0
84
4,2
78
5,4
95.7
65
5,4
97
- -
- -
- -
Regu
lar P
lan
- Wee
kly
Divi
dend
opt
ion
Out
stan
ding
, beg
inni
ng o
f yea
r/per
iod
1,7
45.6
76
1,7
46
6,7
68.4
60
6,7
67
643
,487
.806
6
,436
2
,251
,978
.612
2
2,52
0 -
- Is
sued
-new
fund
offe
r -
- -
- -
- -
- -
- -d
urin
g th
e ye
ar/p
erio
d
- 6
24.0
60
624
5
86,5
77.7
11
5,8
66
2,2
22,2
52.9
77
22,
223
- -
Rede
emed
dur
ing
the
year
/per
iod
(1,4
48.6
95)
(1,4
49)
(5,6
46.8
44)
(5,6
47)
(736
,089
.735
) (7
,361
)(3
,830
,743
.783
) (3
8,30
7) -
- O
utst
andi
ng, e
nd o
f yea
r/per
iod
296
.981
2
97
1,7
45.6
76
1,7
44
493
,975
.782
4
,941
6
43,4
87.8
06
6,4
36
- -
Regu
lar P
lan
- Mon
thly
Div
iden
d op
tion
Out
stan
ding
, beg
inni
ng o
f yea
r/per
iod
771
.238
7
71
2,2
48.8
32
2,2
49
128
,590
.116
1
,287
1
,046
,505
.308
1
0,46
6 -
- Is
sued
-new
fund
offe
r -
- -
- -
- -
- -
- -d
urin
g th
e ye
ar/p
erio
d
- 1
,080
.723
1
,081
4
,918
,593
.033
4
9,18
6 2
29,1
52.5
58
2,2
92
- -
Rede
emed
dur
ing
the
year
/per
iod
(556
.949
) (5
57)
(2,5
58.3
17)
(2,5
58)
(65,
643.
412)
(657
)(1
,147
,067
.750
) (1
1,47
1) -
- O
utst
andi
ng, e
nd o
f yea
r/per
iod
214
.289
2
14
771
.238
7
72
4,9
81,5
39.7
37
49,
816
128
,590
.116
1
,287
-
-
25
Mira
e As
set U
ltra
Shor
t Ter
m B
ond
Fund
**
Mira
e As
set S
hort
Term
Fun
d**
Mira
e As
set F
MP
Serie
s I-3
68 D
ays*
*31
Mar
ch, 2
014
31 M
arch
, 201
331
Mar
ch, 2
014
31 M
arch
, 201
331
Mar
ch, 2
014
Qua
ntity
A
mou
nt
(Rs.
in 0
00’s
) Q
uant
ity
Am
ount
(R
s. in
000
’s)
Qua
ntity
A
mou
nt
(Rs.
in 0
00’s
) Q
uant
ity
Am
ount
(R
s. in
000
’s)
Qua
ntity
A
mou
nt
(Rs.
in 0
00’s
) In
stitu
tiona
l Pla
n - G
row
th o
ptio
n
O
utst
andi
ng, b
egin
ning
of y
ear/p
erio
d 5
4,27
7.23
5 5
4,27
7 -
-
- -
- -
- Is
sued
-new
fund
offe
r -
- -
- -
- -
- -
- -d
urin
g th
e ye
ar/p
erio
d 2
37,0
12.6
68
237
,013
8
1,60
7 8
1,60
7
- -
- -
- Re
deem
ed d
urin
g th
e ye
ar/p
erio
d (1
74,0
75.2
57)
(174
,075
) (2
7,32
9.83
4) (2
7,33
0)
- -
- -
- O
utst
andi
ng, e
nd o
f yea
r/per
iod
117
,214
.646
1
17,2
15
54,
277.
235
54,
277.
000
- -
- -
- -
Inst
itutio
nal P
lan
- Qua
rterly
Div
iden
d op
tion
Out
stan
ding
, beg
inni
ng o
f yea
r/per
iod
29,
343.
714
29,
344
- -
- -
- -
- -
Issu
ed
-n
ew fu
nd o
ffer
- -
- 0
- -
- -
- -
-dur
ing
the
year
/per
iod
7,2
79.5
28
7,2
80
491
,874
.181
49
1874
-
- -
- -
Rede
emed
dur
ing
the
year
/per
iod
(26,
554.
210)
(26,
554)
(462
,530
.467
) (4
62,5
30)
-
- -
- -
Out
stan
ding
, end
of y
ear/p
erio
d 1
0,06
9.03
2 1
0,07
0 2
9,34
3.71
4 29
344
- -
- -
- -
Inst
itutio
nal P
lan
- Wee
kly
Divi
dend
opt
ion
Out
stan
ding
, beg
inni
ng o
f yea
r/per
iod
802
.401
8
02
-
- -
- -
- -
Issu
ed
-d
urin
g th
e ye
ar/p
erio
d 3
5,19
2.87
1 3
5,19
3 3
,042
.213
30
42
- -
- -
- Re
deem
ed d
urin
g th
e ye
ar/p
erio
d (6
,539
.052
) (6
,539
) (2
,239
.812
) (2
,240
)
- -
- -
- O
utst
andi
ng, e
nd o
f yea
r/per
iod
29,
456.
220
29,
456
802
.401
80
2 -
- -
- -
- In
stitu
tiona
l Pla
n - M
onth
ly D
ivid
end
optio
n
O
utst
andi
ng, b
egin
ning
of y
ear/p
erio
d 5
,438
.643
5
,439
-
-
- -
- -
- Is
sued
0
-new
fund
offe
r -
- -
0 -
- -
- -
- Is
sued
dur
ing
the
year
/per
iod
19,
522.
390
19,
522
8,0
25.0
13
8025
-
- -
- -
Rede
emed
dur
ing
the
year
/per
iod
(18,
703.
769)
(18,
704)
(2,5
86.3
70)
(2,5
86)
-
- -
- -
Out
stan
ding
, end
of y
ear/p
erio
d 6
,257
.264
6
,257
5
,438
.643
54
39 -
- -
- -
- In
stitu
tiona
l Pla
n - D
aily
Div
iden
d op
tion
Out
stan
ding
, beg
inni
ng o
f yea
r/per
iod
- -
- -
- -
- -
- -
Issu
ed
- -n
ew fu
nd o
ffer
- -
- -
- -
- -
- -
Issu
ed d
urin
g th
e ye
ar/p
erio
d 8
0,29
5.63
4 8
0,29
6 -
-
- -
- -
- Re
deem
ed d
urin
g th
e ye
ar/p
erio
d (6
6,97
9.35
1) (6
6,97
9) -
-
- -
- -
- O
utst
andi
ng, e
nd o
f yea
r/per
iod
13,
316.
283
13,
317
- -
- -
- -
- -
26
Mira
e As
set U
ltra
Shor
t Ter
m B
ond
Fund
**
Mira
e As
set S
hort
Term
Fun
d**
Mira
e As
set F
MP
Serie
s I-3
68 D
ays*
*31
Mar
ch, 2
014
31 M
arch
, 201
331
Mar
ch, 2
014
31 M
arch
, 201
331
Mar
ch, 2
014
Qua
ntity
A
mou
nt
(Rs.
in 0
00’s
) Q
uant
ity
Am
ount
(R
s. in
000
’s)
Qua
ntity
A
mou
nt
(Rs.
in 0
00’s
) Q
uant
ity
Am
ount
(R
s. in
000
’s)
Qua
ntity
A
mou
nt
(Rs.
in 0
00’s
) Di
rect
Pla
n - G
row
th o
ptio
n
O
utst
andi
ng, b
egin
ning
of y
ear/p
erio
d 1
,284
.660
1
,285
-
- 1
,267
.169
1
3 -
- -
- Is
sued
-new
fund
offe
r -
- -
- -
- -
- 1
8,27
1,88
0.00
0 18
2,71
9-d
urin
g th
e ye
ar/p
erio
d 5
0,78
0.36
7 5
0,78
0 1
,315
.963
1
,316
1
,716
,467
.251
1
7,16
5 2
,101
.782
2
1 -
- Re
deem
ed d
urin
g th
e ye
ar/p
erio
d (4
0,64
1.00
5) (4
0,64
1) (3
1.30
3) (3
1) (3
47,3
51.6
16)
(3,4
74)
(834
.613
) (8
) -
- O
utst
andi
ng, e
nd o
f yea
r/per
iod
11,
424.
022
11,
424
1,2
84.6
60
1,2
85
1,3
70,3
82.8
04
13,
704
1,2
67.1
69
13
18,
271,
880.
000
182
,719
Di
rect
Pla
n - D
aily
Div
iden
d op
tion
Out
stan
ding
, beg
inni
ng o
f yea
r/per
iod
- -
- -
- -
- -
- -
Issu
ed
-n
ew fu
nd o
ffer
- -
- -
- -
- -
51,
500.
000
515
-dur
ing
the
year
/per
iod
4,3
43.0
45
4,3
43
- -
-
- -
- -
Rede
emed
dur
ing
the
year
/per
iod
(4,1
90.9
28)
(4,1
91)
- -
-
- -
- -
Out
stan
ding
, end
of y
ear/p
erio
d 1
52.1
17
152
-
- -
- -
- 5
1,50
0.00
0 5
15
Dire
ct P
lan
- Wee
kly
Divi
dend
opt
ion
Out
stan
ding
, beg
inni
ng o
f yea
r/per
iod
9.8
29
10
- -
492
.509
5
-
- -
- Is
sued
- -
-new
fund
offe
r -
- -
- -
- -
- -
- -d
urin
g th
e ye
ar/p
erio
d 3
38.2
71
338
9
.829
1
0 4
,435
.660
4
5 9
85.0
18
10
- -
Rede
emed
dur
ing
the
year
/per
iod
(259
.881
) (2
60)
- -
(2,8
51.0
48)
(29)
(492
.509
) (5
) -
- O
utst
andi
ng, e
nd o
f yea
r/per
iod
88.
219
88
9.8
29
10
2,0
77.1
21
21
492
.509
5
-
- Di
rect
Pla
n - M
onth
ly D
ivid
end
optio
n
O
utst
andi
ng, b
egin
ning
of y
ear/p
erio
d 1
30.7
54
131
-
- 4
92.1
99
5
- -
- -
Issu
ed d
urin
g th
e ye
ar/p
erio
d
1
30.7
54
131
9
,173
.072
9
2 4
92.1
99
5
- -
Rede
emed
dur
ing
the
year
/per
iod
- -
- -
(9,6
65.2
71)
(97)
- -
- -
Out
stan
ding
, end
of y
ear/p
erio
d 1
30.7
54
131
1
30.7
54
131
-
- 4
92.1
99
5
- -
Dire
ct P
lan
- Qua
rterly
Div
iden
d op
tion
Out
stan
ding
, beg
inni
ng o
f yea
r/per
iod
239
,337
.160
2
39,3
37
- -
430
.141
4
-
- -
- Is
sued
-new
fund
offe
r -
- -
- -
- -
- -
- Is
sued
dur
ing
the
year
/per
iod
13,
684.
076
13,
684
239
,337
.160
2
39,3
37
-
430
.141
4
-
- Re
deem
ed d
urin
g th
e ye
ar/p
erio
d (2
50,4
14.6
70)
(250
,415
) -
-
- -
- -
- O
utst
andi
ng, e
nd o
f yea
r/per
iod
2,6
06.5
66
2,6
06
239
,337
.160
2
39,3
37
430
.141
4
4
30.1
41
4
- -
27
Mira
e As
set U
ltra
Shor
t Ter
m B
ond
Fund
**
Mira
e As
set S
hort
Term
Fun
d**
Mira
e As
set F
MP
Serie
s I-3
68 D
ays*
*31
Mar
ch, 2
014
31 M
arch
, 201
331
Mar
ch, 2
014
31 M
arch
, 201
331
Mar
ch, 2
014
Qua
ntity
A
mou
nt
(Rs.
in 0
00’s
) Q
uant
ity
Am
ount
(R
s. in
000
’s)
Qua
ntity
A
mou
nt
(Rs.
in 0
00’s
) Q
uant
ity
Am
ount
(R
s. in
000
’s)
Qua
ntity
A
mou
nt
(Rs.
in 0
00’s
) To
tal
Out
stan
ding
, beg
inni
ng o
f yea
r/per
iod
341
,610
.747
3
41,6
11
26,
864.
780
26,
865
1,6
75,4
91.7
82
16,7
55 5
,248
,730
.279
5
2,48
7 -
- Is
sued
-new
fund
offe
r -
- -
- -
- -
- 20
,127
,950
.000
201,
280
-dur
ing
the
year
/per
iod
448
,448
.850
4
48,4
49
841
,017
.258
8
41,0
17
17,
176,
026.
671
171,
761
5,7
45,7
50.0
19
57,
458
- -
Rede
emed
dur
ing
the
year
/per
iod
(592
,762
.466
) (5
92,7
63)
(526
,271
.291
) (5
26,2
71)
(3,9
90,6
89.4
94)
(39,
907)
(9,3
18,9
88.5
16)
(93,
190)
- -
Out
stan
ding
, end
of y
ear/p
erio
d 1
97,2
97.1
31
197
,297
3
41,6
10.7
47
341
,611
1
4,86
0,82
8.95
9 1
48,6
09
1,6
75,4
91.7
82
16,
755
2012
7950
.000
201
,280
**N
ote:
Det
ails
of l
arge
hol
ding
s (o
ver 2
5% o
f the
NA
V o
f the
Sch
eme)
:
Nam
e of
the
Sche
me
31s
t Mar
ch 2
014
31s
t Mar
ch 2
013
No.
of I
nves
tors
%
Hol
ding
N
o. o
f Inv
esto
rs
% H
oldi
ng
Mira
e As
set U
ltra
Shor
t Ter
m B
ond
Fund
0
0.00
%2
56.8
2% M
irae
Asse
t Sho
rt Te
rm F
und
00.
00%
00.
00%
Mira
e As
set F
MP
Serie
s I -
368
DAYS
0
0.00
%0
0.00
%
28
Annexure - 7 UNIT CAPITAL Mirae Asset India Opportunities Fund** Mirae Asset Emerging Bluechip Fund**
31 March, 2014 31 March, 2013 31 March, 2014 31 March, 2013
Quantity Amount (Rs. in 000’s) Quantity Amount
(Rs. in 000’s) Quantity Amount (Rs. in 000’s) Quantity Amount
(Rs. in 000’s) Growth Option Outstanding, beginning of year 99,732,413.712 997324 89,138,388.011 891384 37,110,998.876 371110 26,271,926.139 262719Issued -new fund offer - - - - - - - - -during the year 46,983,560.740 469836 39,131,997.300 391320 32,381,939.666 323819 22,793,049.167 227931
Redeemed during the year (34,783,577.592) (347,836)
(28,537,971.599) (285,380) (10,909,582.808) (109,096)
(11,953,976.430) (119,540)
Outstanding, end of year 111,932,396.860 1119324 99,732,413.712 997324 58,583,355.734 585833 37,110,998.876 371110Dividend Option Outstanding, beginning of year 86,865,952.964 868660 73,889,123.899 738891 77,731,010.364 777310 71,352,794.084 713528Issued -new fund offer - - - - - - - - -during the year 59,217,378.958 592173 44,888,684.531 448888 19,170,014.418 191700 18,465,025.520 184650Redeemed during the year (31,835,319.259) (318,353) (31,911,855.466) (319,119) (12,489,024.065) (124,890) (12,086,809.240) (120,868)Outstanding, end of year 114,248,012.663 1142480 86,865,952.964 868660 84,412,000.717 844120 77,731,010.364 777310Direct Plan - Growth option Outstanding, beginning of year 363,219.009 3632 - - 538,032.532 5380 - - Issued -new fund offer - - - - - - - - -during the year 6,683,241.297 66832 364,718.298 3647 4,293,689.649 42937 541,073.789 5411Redeemed during the year (158,334.245) (1,583) (1,499.289) (15) (132,049.168) (1,320) (3,041.257) (31)Outstanding, end of year 6,888,126.061 68881 363,219.009 3632 4,699,673.013 46997 538,032.532 5380Direct Plan - Dividend option Outstanding, beginning of year 23,133.737 231 - - 18,138.065 181 - 0Issued -new fund offer - - - - - - - - -during the year 1,163,311.087 11633 23,133.737 231 161,930.861 1620 18,924.081 189Redeemed during the year (8,602.882) (86) - - (3,700.318) (37) (786.016) (8)Outstanding, end of year 1,177,841.942 11778 23,133.737 231 176,368.608 1764 18,138.065 181Total
Outstanding, beginning of year 186,984,719.422 1869846
163,027,511.910 1630275 115,398,179.837 1153982 97,624,720.223 976247
Issued -new fund offer - - - - - - - - -during the year 114,047,492.082 1140475 84,408,533.866 844085 56,007,574.594 560076 41,818,072.557 418181Redeemed during the year (66,785,833.978) (667,858) (60,451,326.354) (604,513) (23,534,356.359) (235,344) (24,044,612.943) (240,446)Outstanding, end of year 234,246,377.526 2342463 186,984,719.422 1869847 147,871,398.072 1478714 115,398,179.837 1153982
**Note: Details of large holdings (over 25% of the NAV of the Scheme):
Name of the Scheme March 31, 2014 March 31, 2013 No. of Investors % Holding No. of Investors % Holding Mirae Asset India Opportunities Fund Nil 0.00% Nil 0.00%
Mirae Asset Emerging Bluechip Fund Nil 0.00% Nil 0.00%
29
Annexure - 7 UNIT CAPITALMirae Asset India-China Consumption Fund** Mirae Asset Global Commodity Stock Fund**
31 March, 2014 31 March, 2013 31 March, 2014 31 March, 2013
Quantity Amount (Rs. in 000’s) Quantity Amount
(Rs. in 000’s) Quantity Amount (Rs. in 000’s) Quantity Amount
(Rs. in 000’s) Growth Option Outstanding, beginning of year 8,267,520.792 82675 9,153,863.523 91539 11,019,639.567 110197 15,636,017.340 156360Issued -new fund offer - - - - - - - - -during the year 4,025,733.093 40258 3,037,024.617 30370 912,887.549 9129 1,832,005.812 18320Redeemed during the year (2,898,053.065) (28,981) (3,923,367.348) (39,234) (3,896,878.638) (38,969) (6,448,383.585) (64,483)Outstanding, end of year 9,395,200.820 93952 8,267,520.792 82675 8,035,648.478 80357 11,019,639.567 110197Dividend Option Outstanding, beginning of year 5,806,828.014 58068 5,435,457.770 54354 4,298,257.103 42983 15,937,284.761 159373Issued -new fund offer - - - - - - - - -during the year 554,300.704 5543 3,412,258.103 34123 149,776.453 1498 583,629.568 5836
Redeemed during the year (2,374,817.251) (23,748) (3,040,887.859) (30,409) (1,638,682.525) (16,387) (12,222,657.226) (122,226)
Outstanding, end of year 3,986,311.467 39863 5,806,828.014 58068 2,809,351.031 28094 4,298,257.103 42983Direct Plan - Growth option Outstanding, beginning of year 33,010.200 330 - - 49,214.010 492 - - Issued -new fund offer - - - - - - - - -during the year 233,694.947 2337 33,010.200 330 81,569.359 816 49,614.010 496Redeemed during the year (29,606.320) (296) - - (15,397.964) (154) (400.000) (4)Outstanding, end of year 237,098.827 2371 33,010.200 330 115,385.405 1154 49,214.010 492Direct Plan - Dividend option Outstanding, beginning of year 2,849.695 29 - - 3,939.696 39 - - Issued -new fund offer - - - - - - - - -during the year 5,890.770 59 2,849.695 29 11,777.508 118 3,939.696 39Redeemed during the year - - - - (5,110.660) (51) - - Outstanding, end of year 8,740.465 88 2,849.695 29 10,606.544 106 3,939.696 39Total Outstanding, beginning of year 14,110,208.701 141102 14,589,321.293 145893 15,371,050.376 153711 31,573,302.101 315733Issued -new fund offer - - - - - - - - -during the year 4,819,619.514 48196 6,485,142.615 64851 1,156,010.869 11560 2,469,189.086 24692Redeemed during the year (5,302,476.636) (53,025) (6,964,255.207) (69,642) (5,556,069.787) (55,561) (18,671,440.811) (186,714)Outstanding, end of year 13,627,351.579 136273 14,110,208.701 141102 10,970,991.458 109710 15,371,050.376 153711
**Note: Details of large holdings (over 25% of the NAV of the Scheme):
Name of the Scheme March 31, 2014 March 31, 2013 No. of Investors % Holding No. of Investors % Holding Mirae Asset India China Consumption Fund Nil 0.00% Nil 0.00%
Mirae Asset Global Commodity Stock Fund Nil 0.00% Nil 0.00%
30
Annexure - 7 UNIT CAPITALMirae Asset China Advantage Fund**
31 March, 2014 31 March, 2013
Quantity Amount (Rs. in 000’s) Quantity Amount
(Rs. in 000’s) Growth Option Outstanding, beginning of year 22,431,281.750 224313 30,997,074.348 309971Issued -new fund offer - - - - -during the year 5,012,628.210 50126 7,987,056.872 79870Redeemed during the year (12,035,075.160) (120,351) (16,552,849.470) (165,528)Outstanding, end of year 15,408,834.800 154088 22,431,281.750 224313Dividend Option Outstanding, beginning of year 4,971,090.612 49711 19,107,281.869 191073Issued -new fund offer - - - - -during the year 659,839.125 6598 632,023.461 6320Redeemed during the year (1,992,222.529) (19,922) (14,768,214.718) (147,682)Outstanding, end of year 3,638,707.208 36387 4,971,090.612 49711Direct Plan - Growth option Outstanding, beginning of year 723,722.822 7237 - - Issued -new fund offer - - - - -during the year 793,785.996 7938 726,297.433 7263Redeemed during the year (121,867.758) (1,219) (2,574.611) (26)Outstanding, end of year 1,395,641.060 13956 723,722.822 7237Direct Plan - Dividend option Outstanding, beginning of year 3,935.639 39 - - Issued -new fund offer - - - - -during the year 8,044.857 81 3,935.639 39Redeemed during the year - - - - Outstanding, end of year 11,980.496 120 3,935.639 39Total Outstanding, beginning of year 28,130,030.823 281300 50,104,356.217 501043Issued -new fund offer - - - - -during the year 6,474,298.188 64743 9,349,313.405 93493Redeemed during the year (14,149,165.447) (141,492) (31,323,638.799) (313,236)Outstanding, end of year 20,455,163.564 204551 28,130,030.823 281300
**Note: Details of large holdings (over 25% of the NAV of the Scheme):
Name of the Scheme March 31, 2014 March 31, 2013 No. of Investors % Holding No. of Investors % Holding
Mirae Asset China Advantage Fund Nil 0.00% Nil 0.00%
31
Annexure I
VOTING RIGHTS POLICY OF MIRAE ASSET MUTUAL FUNDMirae Asset Global Investments (India) Private Limited (Mirae AMC) is the asset management company for Mirae Asset Mutual Fund. In this role, Mirae AMC has an obligation to act in the best interests of the Funds. This responsibility includes exercising the voting rights attached to securities held by the Funds. It is the policy of Mirae AMC to exercise the voting rights of the Funds in accordance with the best interests of the Funds.This Policy contains the principles that form the basis of all votes. Mirae AMC believes that these principles are essential to ensure the long-term performance of assets managed by Mirae AMC. Mirae AMC will manage voting rights with the same level of care and skill as it manages the funds. In general, Mirae AMC does not have the intention to participate directly or indirectly in the management of the companies but it will use its infl uence as a shareholder amongst others by exercising its voting rights in accordance with the best interests of its funds unit holders. The exercise of voting rights requires the ongoing review of the corporate governance and performance of management of an issuer and the consideration of the potential impact of a vote on the value of the securities of the issuer held by the Funds. In order to discharge its obligations under this policy, Mirae AMC accesses and utilizes research on management performance and corporate governance issues, drawn from portfolio manager and analyst due diligence, information provided by leading independent research fi rms and involvement in organizations. In terms of the Securities and Exchange Board of India (“SEBI”) Circular No.SEBI/IMD/CIR No.18/198647/ 2010 dated March 15, 2010 and clarifi catory email received from SEBI on June 23, 2011, we have framed the general voting policy and procedures for exercising the voting rights (“Voting Policy”). This Voting Policy shall be applicable to all equity holdings across all our mutual fund schemes.
What Does Voting Right Mean? Voting Right means, the right of a stockholder to vote on matters of corporate policy. Voting often involves decisions on issuing securities, initiating corporate actions and making substantial changes in the corporation’s operations such as the election of the company’s directors, merger/amalgamations, appointment of auditors, etc. Equity mutual funds, and other mutual funds with an equity component, hold shares of companies. The funds are entitled to exercise the voting rights attached to those shares. The shareholders do not necessarily need to be physically present at the site of the company’s annual meeting/extra-ordinary general meeting in order to exercise their right to vote. It is common for shareholders to voice their vote by proxy.
Proxy Voting Guidelines Issuers’ proxies most frequently contain proposals to elect corporate directors, to appoint external auditors and set their compensation, to adopt or amend management compensation plans and to amend the capitalization of the company. The Company shall exercise votes in the direction of improving the economic value of the portfolio and protecting the rights of the unitholders considering the following factors: 1. Protecting the rights of unitholders 2. Improving operating profi ts 3. Raising the intrinsic value of the Company 4. Improving the Company’s governance and fi nancial structure. These guidelines summarize the corporate governance principles which the MAMF will generally support through the exercise of votes on these issues. 1. Boards of Directors - Mirae AMC supports resolutions that promote the
effectiveness of boards in acting in the best interests of shareholders. It generally votes in favour of the election of directors for boards having a majority of independent directors and an independent chair, where the chairs of all board committees and at least a majority of committee members are independent.
2. Corporate governance matters - Mirae AMC support resolutions that change the state of incorporation, merger and other corporate restructuring which are in the interest of the unitholders. However, Mirae AMC will vote against resolutions pertaining to takeover by an acquirer, etc which are against the interest of the unit holder.
3. Auditors and Auditor Compensation - Where all members of an issuer’s audit committee are independent, Mirae AMC will generally support the election of directors, the appointment of auditors and the approval of the recommended auditor compensation.
4. Management Compensation - The goal of Mirae AMC is to support compensation arrangements that are tied to long-term corporate performance and shareholder value. These arrangements should induce management to purchase and hold equity in the company to better align management’s interests with those of shareholders. Stock option plans that are overly generous or excessively dilutive to other shareholders will not be supported.
5. Changes in Capitalization - Mirae AMC recognizes the need for management of an issuer to have fl exibility in the issue or buyback of shares to meet changing fi nancial conditions. Changes in capitalization will generally be supported where a reasonable need for the change is demonstrated, however changes resulting in excessive dilution of existing shareholder value will not be supported.
6. Social and corporate responsibility issues - Mirae AMC recognizes the need of role of government, demands for greater disclosures, increased investor education, environmental benefi ts, benefi ts to the community and the general public.
Other issues, including those business issues specifi c to the issuer or those raised by shareholders of the issuer, are addressed on a case-by-case basis with a focus on the potential impact of the vote on shareholder value. Mirae AMC reserves the right to vote against any resolution that goes against the interest of its unit holders.
Procedure for use of Proxy Voting Guidelines A decision to invest in an issuer is based in part on a fund manager’s analysis of the performance of management and the corporate governance of the issuer. Since a decision to invest is generally an endorsement of management of the issuer, Mirae AMC will generally vote with management on routine matters. However, since a fund manager must be focused on shareholder value on an ongoing basis, it is the responsibility of the fund manager to be aware of the potential investment implications of any issue on which security holders are asked to vote.The Guidelines indicate the principles of corporate governance which the Funds will generally support through the exercise of proxy votes. While Mirae AMC will generally vote the Funds’ proxies strictly in accordance with the Funds’ Proxy Voting Guidelines, there may be circumstances where it believes it is in the best interests of a Fund to vote differently than the manner contemplated by the Guidelines. The ultimate decision as to the manner in which the Funds’ proxies will be voted rests with Mirae AMC. The AMC shall abide by the following procedure for exercising the voting rights: 1. The Investment team shall examine and decide on AGMs/EGMs which have been
submitted to its authority. If a consensus cannot be achieved, the fi nal voting decision will be taken by the Chief Investment Offi cer.
2. In the interest of the investors of the fund and in order to avoid excessive voting costs and to ensure better effi ciency, the Investment team shall analyze the Cost- Benefi t analysis (CBA) between the voting costs involved in exercising voting vis-à-vis the benefi t it may accrue to the investors by exercising the voting rights. Such cases for which the benefi t does not outweigh the cost, the AMC shall abstain to vote. Nevertheless, it may also decide to vote at meetings where it deems its participation important, even if the CBA is not in favour of exercising voting. (i.e. in the case of a contested AGM/EGM, etc.).
3. In most cases, the AMC exercises its funds’ voting rights by appointing an authorized agent (proxy). It may, however, if deemed necessary, be physically present at a meeting and vote in person.
4. Authorized Offi cials and/or authorized representatives of Custodian of the Fund would submit voting instructions for General Meetings where the AMC chooses to vote i.e. either FOR or AGAINST.
5. The AMC may also abstain from voting for certain proposals of the Investee Companies depending on various criteria and judgment.
Proxy Voting Records In this section, you can fi nd out how voting rights were exercised on behalf of the Mirae AMC that held voting securities. Disclosure of exercise of proxy votes in equity holdings across all schemes of the Fund shall be accessible on our website. To view records for the period from 1st April, 2010 and onwards click here. The same would also be disclosed in the annual report from the fi nancial year 2010-11 onwards.
Confl ict of interest provision Voting is exercised in the exclusive interest of holders. All votes are centralized, which ensures uniformity and adherence to the aforementioned principles. The strict separation of Mirae AMC’s asset management activities from other activities within the Mirae Asset Financial Group prevents access of the asset management company to insider and price sensitive information for which use and/or disclosure of such information could generate confl icts of interest. The parent of the AMC is a global investment manager and has various offi ces around the world. Hence, the investment manager is an affi liate of many diversifi ed fi nancial organization across the globe, however the investment manager is a stand-alone entity in India. Any fi nancial transaction, where: i) The investment is made into group companies of the AMC, or ii) The investee companies have subscribed to the units of their schemes, may lead
to confl ict of interest. Generally, the AMC shall abstain to vote for any matters connected with the above. However, the AMC will make its best efforts to avoid any confl icts and ensure that any confl icts of interest are resolved in the best interest of the unit-holders. Additionally, Mirae AMC has implemented an organization, procedures and appropriate controls and monitoring routines in order to prevent confl ict of interest.
Review and control process 1. On analysis of AGM/EGM resolutions, if any confl ict of interest is identifi ed with
the AMC’s voting policy, then the same shall be alerted to the Chief Investment Offi cer.
2. The AMC shall be responsible for maintaining records for votes cast and abstentions, proxy statements and any other relevant record in this regard.
3. All the voting rights exercised/abstentions in the previous month shall be reported to the Investment committee meeting in the next month.
4. Every record, including the voting statements, abstentions shall be retained for audit purpose.
5. The process of exercise of proxy votes as listed above shall be reviewed by the AMC, from time to time.
====x==== * - The above listed Voting Policy of Mirae Asset Mutual Fund was approved by the Board of Directors of Mirae Asset Trustee Company Private Limited on 6th April, 2010 and as per the clarifi cations received from SEBI, was later modifi ed in their meeting held on June 27, 2011.
32
MIRAE ASSET MUTUAL FUND
Disclosure of exercise of Voting Rights in Equity holdings across all schemes of Mirae Asset Mutual Fund Management/ Shareholders Proposals for the year ended 2013-14:Sr. No.
Date ofmeeting
Name of the Company
Type of Meeting(AGM/EGM)
Proposal ManagementRecommendation
Vote (For/Against/
Notattended)
1 5.4.2013 Cipla Ltd Postal Ballot
To create, offer and grant 10,00,000 stock options to the employees under Employee Stock Option Scheme 2013.
The management is in favour of the
resolutions
For
2 17.4.2013 Apollo Tyres Ltd
Postal Ballot
Alteration of Articles of Association The management is in favour of the
resolutions
For
3 22.4.2013 Power Grid Corp of India Ltd
Postal Ballot
Re-appointment of Mr. Onkar S Kanwar as Managing Director for 5 years effective 01.02.2013 The management is in favour of the
resolutions
For
4. 27.04.2013 Globus Spirits Ltd.
Postal Ballot
1. Adoption of restated Articles of Association2. To make Inter Corporate Loan & Investments up to a limit not exceeding Rs 250 crores
The management is in favour of the
resolutions
For
5. 24.05.2013 CNOOC Ltd. Annual GeneralMeeting
1. To receive and consider the audited Statement of Accounts together with the Report of the Directors and Independent Auditor Report thereon for the year ended 31 December 2012.
2. To declare a fi nal dividend for the year ended 31 December 2012.3. To re-elect Mr. Yang Hua as a Non-executive Director of the Company.4. To re-elect Mr. Zhou Shouwei as a Non-executive Director of the Company.5. To re-elect Mr. Chiu Sung Hong as an Independent Non-executive Director of the Company.6. To authorise the Board of Directors to fi x the remuneration of each of the Directors.7. To appoint Deloitte Tohmatsu as the Company and its Subsidiaries independent auditors
and to authorise the Board of Directors to fi x their remuneration.8. To grant a general mandate to the Directors to repurchase shares in the capital of the
Company not exceeding 10% of the share capital of the Company in issue as at the date of passing of this resolution.
9. To grant a general mandate to the Directors to issue, allot and deal with additional shares in the capital of the Company not exceeding 20% of the share capital of the Company in issue as at the date of passing of this resolution.
10. To extend the general mandate granted to the Directors to issue, allot and deal with shares in the capital of the Company by the aggregate number of shares repurchased, which shall not exceed 10% of the share capital of the Company in issue as at the date of passing of this resolution.
- Not attended
6. 10.5.2013 Oil Search Ltd.
Annual General Meeting
1. To re-elect Gerea Aopi as a director of the Company.2. To elect Rick Lee as a director of the Company.3. To elect Keith Spence as a director of the Company.4. To elect Bart Philemon as a director of the Company.5. To elect Fiona Harris as a director of the Company.6. To appoint an auditor.
- Not attended
7 15.5.2013 Yanzhou Coal Mining Ltd.
Extra Ordinary General Meeting
1. To consider and approve the Proposal regarding the general mandate authorizing the Board to repurchase H Shares
- Not attended
8. 15.5.2013 Yanzhou Coal Mining Company Ltd.
Annual General Meeting
1. To consider and approve the working report of the board of directors of the Company for the year ended 31 December 2012.
2. To consider and approve the working report of the supervisory committee of the Company for the year ended 31December, 2012.
3. To consider and approve the audited fi nancial statements of the Company and its subsidiaries as at and for the year ended 31 December 2012.
4. To consider and approve the proposed profi t distribution plan of the Company for the year ended 31 December 2012 and to authorize the Board to distribute an aggregate cash dividend of RMB 1.7706 billion (tax inclusive), equivalent to 0.36 (tax inclusive) per Share to the Shareholders.
5. To consider and approve the remuneration of the Directors and supervisors of the Company for the year ending 31December, 2013.
6. To consider and approve the Proposal in relation to the renewal of the liability insurance of Directors, supervisors and senior offi cers.
7. To consider and approve the Proposal in relation to the re-appointment and remuneration of external auditing fi rms for the year 2013.
8. To consider and approve the amendments to the Articles of Association in relation to the provisions regarding profi t distribution.
9. To consider and approve Articles of Association, the Rules of Procedures for Shareholder General Meeting and the Rules of Procedures for the Board in relation to the decision-making procedures for approving the mutual provision of loans among overseas subsidiaries.
- Not attended
33
Sr. No.
Date ofmeeting
Name of the Company
Type of Meeting(AGM/EGM)
Proposal ManagementRecommendation
Vote (For/Against/
Notattended)
10. To consider and approve the Proposal to authorize the Company to carry out domestic and overseas fi nancing activities
11. To consider and approve the Proposal for the provision of guarantees to the Company wholly-owned subsidiaries
12. To consider and approve the Proposal regarding the general mandate authorizing the Board to issue H Shares.
13. To consider and approve the Proposal regarding the general mandate authorizing the Board to repurchase H Shares.
9. 23.05.2013 China NationalBuilding Material Company Ltd.
Annual General Meeting
1. To consider and approve the report of the board of director of the Company for the year ended 31 December, 2012.
2. To consider and approve the report of the supervisory committee of the Company for the year ended 31 December, 2012.
3. To consider and approve the report of the auditors and audited fi nancial statements of the Company for the year ended 31 December, 2012.
4. To consider and approve the proposed profi t distribution plan and the fi nal dividend distribution plan of the Company for the year ended 31 December 2012 and to authorise the Board to distribute such fi nal dividend to the Shareholders of the Company.
5. To consider and approve the authorisation of the Board to deal with all matters in relation to the Company’s distribution of interim dividend for the year 2013 in its absolute discretion (including, but not limited to, determining whether to distribute interim dividend for the year 2013).
6. To consider and approve the continuation of appointment of Baker Tilly China Certifi ed Public Accountants as the domestic auditor of the Company and Baker Tilly Hong Kong Limited as the international auditor of the Company, to hold offi ce until the conclusion of the next annual general meeting of the Company and to authorise the Board to determine their remuneration.
7. To consider and approve the Company to cease the payment of remuneration to the Directors, namely, Mr. Guo Chaomin, Mr. Huang Anzhong and Ms. Cui Lijun, and the Supervisors, namely, Mr. Wu Jiwei and Ms. Zhou Guoping, effective from November 2012.
8. Special Resolution: Domestic Shares not exceed 20% of the Domestic Shares in issue and additional H Shares not exceeding 20% of the H Shares in issue and authorise the Board to make corresponding amendments to the Articles of Association of the Company as it thinks fi t so as to refl ect the new share capital structure upon the allotment or issuance of shares.
9. Special Resolution: To consider and approve the Company issuance of debt fi nancing instruments in batches within the limit of issuance permitted under relevant laws and regulations as well as other regulatory documents.
- Not attended
10. 23.5.2013 Petro-China Company Ltd
Annual General Meeting
1. To consider and approve the Report of the Board of Director of the Company for the year 2012.
2. To consider and approve the Report of the Supervisory Committee of the Company for the year 2012.
3. To consider and approve the Audited Financial Statements of the Company for the year 2012.
4. To consider and approve the declaration and payment of the fi nal dividend for the year ended 31 December, 2012 in the amount and in the manner recommended by the Board of Directors.
5. To consider and approve the authorisation of the Board of Directors to determine the distribution of interim dividends for the year 2013.
6. To consider and approve the appointment of KPMG Huazhen and KPMG as the domestic and international auditors of the Company, respectively, for the year 2013 and to authorise the Board of Directors to determine their remuneration.
7. To consider and approve the election of Mr. Li Qingyi as the Supervisor of the Company8. To consider and approve the election of Mr. Fan Fuchun as the independent Supervisor of
the Company9. To consider and approve, by way of special resolution, certain amendments to the articles
of association of the Company.10. To consider and approve, by way of special resolution, to unconditionally grant a general
mandate to determine and handle the issue of debt fi nancing instruments of the Company with the outstanding balance amount of up to RMB100 billion, upon such terms and conditions to be determined by the Board of Directors.
11. To consider and approve, by way of special resolution, to grant a general mandate to the Board of Directors to separately or concurrently issue, allot and deal with additional domestic shares and overseas listed foreign shares in the Company not exceeding 20% of each of its existing domestic shares and overseas listed foreign shares of the Company in issue.
- Not attended
11 05.06.2013 Bharti Airtel Ltd.
Extra Ordinary General Meeting
1. Preferential Allotment of Equity Shares.2. Amendment in Articles of Association of the Company.
The management is in favour of the
resolutions
For
34
Sr. No.
Date ofmeeting
Name of the Company
Type of Meeting(AGM/EGM)
Proposal ManagementRecommendation
Vote (For/Against/
Notattended)
12 21.06.2013 State Bank Of India
Annual General Meeting
1. To receive, discuss and adopt the Balance Sheet and Profi t and Loss Account. The management is in favour of the
resolutions
For
13 24.06.2013 ICICI Bank Ltd.
Annual General Meeting
1. To receive, consider and adopt the Statement of Profi t and Loss Account and Balance Sheet2. To declare dividend3. Appointment of Directors.4. Appointment of Statutory Auditors
The management is in favour of the
resolutions
For
14 24.06.2013 Rallis India Ltd.
Annual General Meeting
1. To receive, consider and adopt the audited Statement of Profi t and Loss for the year ended 31st March, 2013 and the Balance Sheet as at that date together with the Report of the Directors and that of the Auditors thereon.
2. To confi rm the payment of Interim Dividend for the year 2012-13 and to declare a Final Dividend for the year 2012-13 on Equity Shares.
3. To appoint a Director in place of Mr. R. Mukundan who retires by rotation and is eligible for re-appointment.
4. To appoint a Director in place of Dr.Yoginder K.Alagh who retires by rotation and is eligible for re-appointment. He has offered himself for re-election and his term would be up to February 2014.
5. To appoint a Director in place of Mr. E. A. Kshirsagar who retires by rotation and is eligible for re-appointment.
6. To appoint Auditors and to fi x their remuneration.7. Payment of Commission to Directors.
The management is in favour of the
resolutions
For
15 25.06.2013 ING Vysya Bank Ltd.
Annual General Meeting
1. To receive, consider and adopt the Balance Sheet as at March 31, 2013, Profi t and Loss Account for the year ended on that date together with the Auditors’ Report thereon and the Directors’ Report attached thereto for that year.
2. To declare a dividend on equity shares for the year ended March 31, 2013.3. To appoint a Director in place of Mr. Richard Cox who retires by rotation and being eligible,
offers himself for re-appointment. 4. To appoint a Director in place of Mr. Meleveetil Damodaran who retires by rotation and being
eligible, offers himself for re-appointment.5. To appoint a Director in place of Mr. Vikram Talwar who retires by rotation and being eligible,
offers himself for re-appointment.6. To re-appoint M/s BSR & Co., Chartered Accountants, as the Auditors of the Bank and
authorize the Board of Directors to fi x their remuneration.7. To create, issue, offer or allot stock options.
The management is in favour of the
resolutions
For
16 26.06.2013 CMC Ltd. Annual General Meeting
1. To receive, consider and adopt the Statement of Profi t and Loss Account and Balance Sheet2. To declare dividend3. Appointment of Directors4. Appointment of Statutory Auditors.
The management is in favour of the
resolutions
For
17 26.06.2013 Union Bank of India
Annual General Meeting
1. To discuss, approve and adopt Balance Sheet and profi t & Loss A/c.2. To declare dividend on Equity shares.
The management is in favour of the
resolutions
For
18 27.06.2013 HDFC Bank Ltd.
Annual General Meeting
1. To receive, consider and adopt the Statement of Profi t and Loss Account and Balance Sheet2. To declare dividend3. Appointment of Directors.4. Appointment of Statutory Auditors.
The management is in favour of the
resolutions
For
19 28.06.2013 Tata Consultancy Services Ltd.
Annual General Meeting
1. To receive, consider and adopt the Audited Statement of Profi t and Loss for the year ended March 31, 2013 and the Balance Sheet as at that date together with the Reports of the Board of Directors and the Auditors thereon.
2. To confi rm the payment of Interim Dividends on Equity Shares for the fi nancial year 2012-13 and to declare a Final Dividend on Equity Shares for the fi nancial year 2012-13.
3. To declare Dividend on Redeemable Preference Shares for the fi nancial year 2012-13.4. To appoint a Director in place of Dr. Vijay Kelkar, who retires by rotation, and being eligible
offers himself for re-appointment.5. To appoint a Director in place of Mr. Ishaat Hussain, who retires by rotation, and being
eligible offers himself for re-appointment.6. To appoint a Director in place of Mr. Aman Mehta, who retires by rotation, and being eligible
offers himself for re-appointment.7. To appoint Auditors and fi x their remuneration.8. Revision in terms of remuneration of Mr. N. Chandrasekaran, Chief.Executive Offi cer and
Managing Director.9. Re-appointment of Mr.. S. Mahalingam as Chief Financial Offi cer and Executive Director of
the Company until his retirement.10. Appointment of Branch Auditors
The management is in favour of the
resolutions
For
35
Sr. No.
Date ofmeeting
Name of the Company
Type of Meeting(AGM/EGM)
Proposal ManagementRecommendation
Vote (For/Against/
Notattended)
20 19.07.2013 Housing Development Finance Corporation Ltd
Annual General Meeting
1. Adoption of Accounts2. Declaration of dividend3. Re-appointment of Mr. Deepak S Parekh as a Director4. Re-appointment of Mr. Keshub Mahindra as a Director5. Re-appointment of Mr. D M S Sukthankar as a Director6. Re-appointment of Mr. Naseer Munjee as a Director7. Appointment of M/s Deloitte Haskins & Sells, Chartered Accountants as Auditors8. Appointment of M/s PKF, Chartered Accountants as Brach Auditors”9. Appointment of M/s PKF, Chartered Accountants as Brach Auditors”10. To increase borrowing limit not exceeding Rs 3,00,000 crores
The management is in favour of the
resolutions
For
21 20.07.2013 The Federal Bank Ltd.
Annual General Meeting
1. To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2013 and the Profi t & Loss Account for the fi nancial year ended on that date, together with the reports of the Board of Directors and the Auditors thereon.
2. To declare a dividend.3. To appoint a Director in place of CA. Nilesh S. Vikamsey, who retires by rotation, and being
eligible, offers himself for re-appointment. (Details of the Director as required under the regulations are given in the Explanatory statement).
4. To appoint a Director in place of Shri Suresh Kumar who retires by rotation, and being eligible, offers himself for re-appointment. (Details of the Director as required under the regulations are given in the Explanatory statement).
5. To appoint Central Statutory Auditors to hold offi ce from the conclusion of this meeting until the conclusion of the next AGM and to fi x their remuneration.
6. The Board of Directors be and is hereby authorised to arrange for the audit of the Bank’s branches for the accounting year 2013-14 and to appoint and fi x the remuneration of branch auditors in consultation with the Central Statutory Auditors for the purpose.
7. Dr. K. Cherian Varghese be and is hereby appointed as a Director of the Bank, whose period of offi ce shall be liable to determination by retirement of Directors by rotation.
8. Shri. Sudhir M. Joshi be and is hereby appointed as a Director of the Bank, whose period of offi ce shall be liable to determination by retirement of Directors by rotation.
9. Shri. K.M. Chandrasekhar be and is hereby appointed as a Director of the Bank, whose period of offi ce shall be liable to determination by retirement of Directors by rotation.
10. Shri. Dilip G. Sadarangani be and is hereby appointed as a Director of the Bank, whose period of offi ce shall be liable to determination by retirement of Directors by rotation.
11. Alteration in the share capital of the Bank.12. The variable pay of Shri. Shyam Srinivasan, Managing Director and Chief Executive Offi cer
of the Bank, as approved by RBI be and is hereby approved.
The management is in favour of the
resolutions
For
22 22.07.2013 Wipro Ltd Annual General Meeting
1. Adoption of Accounts2. Confi rm payment of Interim Dividend and Declaration of Final Dividend3. Re-appointment of Mr. N Vaghul as Director4. Re-appointment of Dr. Ashok S Ganguly as Director5. “Re-appointment of M/s BSR & Co, Chartered Accountants as Auditors”6. Appointment of Mr. Vyomesh Joshi as Director7. “Re-appointment of Mr. Azim H Premji, as Chairman and Managing Director of the Company”8. “Re-appointment of Mr. Suresh C Senapaty, as Chief Financial Offi cer and Executive Director
of the Company”
The management is in favour of the
resolutions
For
23 23.07.2013 Deewan Housing Finance Corporation Ltd
Annual General Meeting
1. Adoption of accounts2. Declaration of dividend3. Appointment of Mr. R P Khosla as director4. Appointment of Mr. G P Kohli as director5. Appointment of M/s T R Chadha & Co, Chartered accountants as auditors.6. Appointment of Mr. M Venugopalan as director
The management is in favour of the
resolutions
For
24 24.07.2013 Cairn India Ltd.
Annual General Meeting
1. To receive, consider and adopt the audited Balance Sheet as at 31 March, 2013 and the Profi t and Loss Account of the Company for the year ended on that date together with the reports of the Directors’ and Auditors’ thereon.
2. To confi rm declaration and payment of interim dividend for the year 2012-13 and to declare fi nal dividend for the year ended 31 March, 2013.
3. To appoint a Director in place of Mr. Naresh Chandra, who retires by rotation and is eligible for re-appointment.
4. To appoint a Director in place of Mr. Edward T. Story, who retires by rotation and is eligible for re-appointment.
5. To appoint S. R. Batliboi & Co. LLP (formerly M/s. S. R. Batliboi & Co.), Chartered Accountants, statutory auditors of the Company to hold offi ce from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting and to fi x their remuneration.
6. Mr. P. Elango, who was appointed as an additional Director of the Company proposing his candidature for the offi ce of Director, be and is hereby appointed as a Director of the Company, whose term of offi ce shall be liable to retirement by rotation.
The management is in favour of the
resolutions
For
36
Sr. No.
Date ofmeeting
Name of the Company
Type of Meeting(AGM/EGM)
Proposal ManagementRecommendation
Vote (For/Against/
Notattended)
25 25.07.2013 Zee Entertainment Enterprises Ltd
Annual General Meeting
1. Adoption of Accounts2. Declaration of dividend3. Re-appointment of Prof. R Vaidyanathan as Director4. Re-appointment of Mr. Ashok Kurien as Director5. Appointment of M/s MGB & Co, Chartered Accountants as Auditors6. To increase the investment by FIIs from 49% to the Sectoral cap of 100% of paid up capital
of the Company
The management is in favour of the
resolutions
For
26 25.07.2013 Mahindra & Mahindra Financial Services Ltd
Annual General Meeting
1. Adoption of Accounts2. Declaration of dividend3. Re-appointment of Mr. Bharat Doshi as Director4. Re-appointment of Mr. Dhananjay Mungale as Director5. “Re-appointment of M/s B K Khare & Co, Chartered Accountants as Auditors”
The management is in favour of the
resolutions
For
27 25.07.2013 LIC Housing Finance Ltd
Annual General Meeting
1. Adoption of accounts2. Declaration of dividend3. Appointment of Mr. S Ravi as director4. Appointment of Mr. Jagdish Kapoor as director5. “Appointment of M/s Choksi & Choksi, Chartered accountants and M/s Shah Gupta & Co,
Chartered accountants as auditors”.6. Appointment of Mr. V K Sharma as MD and CEO for 5 years.
The management is in favour of the
resolutions
For
28 30.07.2013 Marico Ltd Crt 1. To approve the Scheme of Arrangement between Marico Limited and Marico Kaya Enterprises Limited.
The management is in favour of the
resolutions
For
29 30.07.2013 Marico Ltd Extra Ordinary General Meeting
1. To utilize Securities Premium Account The management is in favour of the
resolutions
For
30 30.07.2013 lpca Laboratories Limited
Annual General Meeting
1. Adoption of Accounts2. Declaration of Dividend3. Re-appointment of Mr. Babulal Jain as Director4. Re-appointment of Mr. Anand T Kusre as Director5. Re-appointment of Dr. V V Subba Rao as Director6. Appointment of Auditors7. Re-appointment of Mr. Premchand Godha as Managing Director for 5 years effective
01.04.20138. Appointment of Dr. Ramakanta M Panda as Director
The management is in favour of the
resolutions
For
31 31.07.2013 Dr. Reddy’s Laboratories Ltd.
Annual General Meeting
1. Adoption of Accounts2. Declaration of Dividend3. Re-appointment of Dr. Ashok S Ganguly as a Director4. Re-appointment of Dr. J P Moreau as a Director5. Re-appointment of Ms. Kalpana Morparia as a Director6. Re-appointment of M/s B S R & CO, Chartered Accountants as Auditors”7. Re-designation of Mr. G V Prasad, wholetime Director as Chairman and CEO”8. Re-designation of Mr. Satish Reddy, Wholetime Director as vice Chairman, in addition to
MD and CEO.
The management is in favour of the
resolutions
For
32 01.08.2013 Cummins India Ltd.
Annual General Meeting
1. Adoption of Accounts2. Re-appointment of Mr. Ajay J Talaulicar as MD for 5 years effective 25.04.20133. “Appointment of Mr. Pradeep bhargava, Alternate Director to Mr. Patrick Ward, to act as
advisor on retainership basis for 13 months effective 01.04.20163”4. Declaration of dividend5. Re-appointment of Mr. James Kelly as Director6. Re-appointment of Mr. Rajeev Bakshi as Director7. Re-appointment of Mr. Venu Srinivasan as Director8. Appointment of Auditors9. Appointment of Mr. Antonio Leitao as Director10. Appointment of Mr. Prakash Telang as Director11. Appointment of Mr. Edward Phillip Pence as Director
The management is in favour of the
resolutions
For
33 02.08.2013 Glenmark Pharmaceuti-cals Ltd.
Annual General Meeting
1. Adoption of Accounts2. Declaration of Dividend3. Re-appointment of Mr. D R Mehta as Director4. Re-appointment of Mr. Sridhar Gorthi as Director5. Re-appointment of Mr. J F Ribeiro as Director
The management is in favour of the
resolutions
For
37
Sr. No.
Date ofmeeting
Name of the Company
Type of Meeting(AGM/EGM)
Proposal ManagementRecommendation
Vote (For/Against/
Notattended)
34 02.08.2013 Bajaj Corp Limited
Annual General Meeting
1. To receive, consider and adopt the Balance Sheet as at March 31, 2013, Statement of Profi t and Loss for the year ended on that date and Reports of Directors and Auditors thereon for the said year.
2. To confi rm the Interim Dividend of ̀ 6.50/- per equity share declared on 14,75,00,000 equity shares of face value Rs. 1/- each already paid for the fi nancial year 2012-13.
3. To appoint a Director in place of Mr. Sumit Malhotra, who retires by rotation and being eligible, offers himself for re-appointment.
4. To appoint a Director in place of Mr. Haigreve Khaitan, who retires by rotation and being eligible, offers himself for re-appointment.
5. To appoint M/s. R. S. Dani & Company (Firm Registration Number 000243C), Chartered Accountants, retiring Auditors as Auditors of the Company to hold offi ce from conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company and to fi x their remuneration.
6. Revision in remuneration of Mr.. Sumit Malhotra, Managing Director of the Company, with effect from April 1, 2013 for the remaining period of his term in offi ce.
7. The revision in remuneration of Mr. Jimmy Rustom Anklesaria, Whole-time Director of the Company with effect from April 1, 2013 for the remaining period of his term in offi ce.
8. To vary the terms referred to in the Prospectus dated August 9, 2010, fi led by Company with the Registrar of the Companies, Maharashtra Mumbai.
The management is in favour of the
resolutions
For
35 02.08.2013 ICRA Ltd. Annual General Meeting
1. Adoption of Accounts2. Declaration of Dividend on equity shares3. Re-appointment of Mr. Uddesh Kohli as a Director4. Re-appointment of Prof. Deepak Nayyar as a Director5. “Re-appointment of M/s Vipin Aggarwal & Associates, Chartered Accountants as as Auditors6. “Re-appointment of Mr. Pranab Kumar Choudhury, a Whole-time Director designated as
Chairman & Group CEO”7. Appointment of Mr. Min Ye as a Director8. Appointment of Mr. Simon Richard Hastilow as a Director
The management is in favour of the
resolutions
For
36 03.08.2013 Infosys Extra Ordinary General Meeting
1. Appointment of Mr. N. R. Narayana Murthy as whole time Director for 5 years with effect from 1.5.2013
- Not Attended
37 03.08.2013 Godrej Consumer Products Ltd.
Annual General Meeting
1. Adoption of Accounts2. Appointment of Mr. Vivek Gambhir as Whole time Director designated as Managing Director
for 3 years effective 01.07.20133. Declaration of Dividend4. Re-appointment of Mr. Nadir Godrej as Director5. Re-appointment of Mr. Bharat Doshi as Director6. Re-appointment of Dr. Omkar Goswami as Director7. “Re-appointment of M/s Kalyaniwalla & Mistry, Chartered Accountants as Auditors”8. Re-appointment of Mr. Adi Godrej as Whole time Director designated as Chairman for 3
years effective 01.04.20139. Appointment of Ms. Nisaba Godrej as Wholetime Director designated as ED - Innovation for
3 years effective 01.07.201310. Appointment of Mr. Vivek Gambhir as Director.
The management is in favour of the
resolutions
For
38 05.08.2013 Divi’s Laboratories Ltd.
Annual General Meeting
1. Adoption of Accounts2. Declaration of Dividend3. Re-appointment of Dr. G Suresh Kumar as Director4. Re-appointment of Mr. Madhusudanana Rao as Director5. “Appointment of M-s P V R K Nageswara Rao & Co, Chartered Accountants as Auditors”6. Appointment of Mr. R. Ranga Rao as Director
The management is in favour of the
resolutions
For
39 06.08.2013 Crompton Greaves Ltd.
Annual General Meeting
1. Adoption of Accounts2. Appointment of Mr. S. Apte as Director3. Confi rmation of fi rst and second Interim Dividend aggregating to @ Rs 0.804. Declaration of Final Dividend5. Re-appointment of Dr. O Goswami as Director6. Re-appointment of Ms. M Pudumjee as Director7. Re-appointment of Mr. S Prabhu as Director8. “Appointment of M/s Sharp & Tannan, Chartered Accountants as Auditors”9. Appointment of Mr. B Hariharan as Director10. Appointment of Dr. (Mrs.) C Lewiner as Director.
The management is in favour of the
resolutions
For
40 07.08.2013 Lupin Ltd Annual General Meeting
1. Adoption of Accounts2. Declaration of Dividend3. Re-appointment of Dr. Kamal K. Sharma as a Director4. Re-appointment of Ms. Vinita Gupta as a Director5. Re-appointment of Mr. Nilesh Gupta as a Director6. “Re-appointment of M/s Deloitte Haskins & Sells, Chartered Accountants as Auditors”
The management is in favour of the
resolutions
For
38
Sr. No.
Date ofmeeting
Name of the Company
Type of Meeting(AGM/EGM)
Proposal ManagementRecommendation
Vote (For/Against/
Notattended)
7. Appointment of Mr. Dileep C Choksi as a Director8. Investment by FIIs upto 49% of the paid up share capital
41 07.08.2013 Apollo Tyres Ltd.
Annual General Meeting
1. To receive, consider and adopt the audited accounts of the Company for the year ended March 31, 2013 and the report of the Directors and of the Auditors thereon.
2. To declare dividend on equity shares. 3. To appoint a Director in place of Mr. Nimesh N Kampani, who retires by rotation, and being
eligible, offers himself for re-appointment.4. To appoint a Director in place of Dr. S Narayan, who retires by rotation, and being eligible,
offers himself for re-appointment.5. To appoint a Director in place of Mr. A. K. Purwar, who retires by rotation, and being eligible,
offers himself for re-appointment.6. To appoint Auditors and to fi x their remuneration. 7. Mr. Vikram S Mehta, who was appointed by the Board of Directors of the Company as an
additional director with effect from February 6, 2013 and who holds offi ce as such upto the date of the ensuing annual general meeting and in respect of whom the Company has, as required by section 257 of the Companies Act, 1956, received a notice in writing from a member signifying his intention to propose his candidature for the Offi ce of the Director, be and is hereby appointed as a Director of the Company, liable to retire by rotation.
8. Mr. Neeraj Kanwar, Managing Director be and is hereby re-appointed as Managing Director of the Company for a further period of fi ve years with effect from May 28, 2014.
9. Mr. Sunam Sarkar, CFO & Whole time director be and is hereby re-appointed as a Whole time director of the Company for a period of fi ve years with effect from January 28, 2014.
The management is in favour of the
resolutions
For
42 07.08.2013 Aurobindo Pharma Limited
Annual General Meeting
1. To receive, consider and adopt the Audited Balance Sheet as at March 31, 2013 and the Statement of Profi t and Loss and Cash Flow Statement for the year ended on that date and the Report of the Board of Directors and the Auditors thereon.
2. To declare dividend on the Equity Shares.3. To appoint a Director in place of Mr. P. Sarath Chandra Reddy who retires by rotation and
being eligible, offers himself for re-appointment.4. To appoint a Director in place of Mr. K. Ragunathan who retires by Notice rotation and being
eligible, offers himself for re-appointment. 5. To appoint a Director in place of Dr. M. Sivakumaran who retires by rotation and being
eligible, offers himself for re-appointment.6. To appoint M/s. S.R. Batliboi & Associates LLP (Registration No. 101049W) as Statutory
Auditors of the Company to hold offi ce from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting and to authorize the Board of Directors to fi x their remuneration.
The management is in favour of the
resolutions
For
43 08.08.2013 Adani Port and Special Economic Zone Ltd
Annual General Meeting
1. To receive, consider and adopt the Audited Balance Sheet as at March 31, 2013, Statement of Profi t and Loss Account for the year ended on that date and the Reports of the Directors and Auditors thereon.
2. To declare dividend on Preference Shares.3. To declare fi nal dividend on Equity Shares.4. To appoint a Director in place of Mr. Rajeeva Sinha, who retires by rotation and being eligible,
offers himself for re-appointment.5. To appoint a Director in place of Mr. D. T. Joseph, who retires by rotation and being eligible,
offers himself for re-appointment.6. To appoint M/s. S. R. Batliboi & Associates LLP, Chartered Accountants, Ahmedabad
(ICAI Firm Registration No. 101049W), as Auditors of the Company, to hold offi ce from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company on such remuneration as shall be fi xed by the Board of Directors of the Company.
7. Mr.. G. K. Pillai be and is hereby appointed as a Director of the Company retiring by rotation.8. Mr.. Sanjay Lalbhaibe and is hereby appointed as a Director of the Company retiring by
rotation
The management is in favour of the
resolutions
For
44 08.08.2013 Akzo Nobel India Ltd.
Annual General Meeting
1. To consider and adopt the audited Statement of Profi t and Loss for the fi nancial year ended 31 March 2013, the audited Balance Sheet as at that date and the Reports of the Directors and Auditors thereon.
2. To declare a Dividend on equity shares for the year ended 31 March 2013.3. To appoint a Director in place of Ms. R S Karnad who retires by rotation. Being eligible, she
has offered herself for reappointment as a Director of the Company. A brief resume of Ms. Karnad has been given in this Notice, after the Notes.
4. To appoint a Director in place of Mr. A Uppal who retires by rotation. Being eligible, he has offered himself for reappointment as a Director of the Company. A brief resume of Mr. Uppal has been given in this Notice, after the Notes.
5. To appoint Auditors and to fi x their remuneration
The management is in favour of the
resolutions
For
45 12.08.2013 Larsen & Toubro Ltd
Annual General Meeting
1. To approve the proposed scheme of arrangement between Larsen & Toubro Limited and L&T Hydrocarbon Engineering Limited
The management is in favour of the
resolutions
For
39
Sr. No.
Date ofmeeting
Name of the Company
Type of Meeting(AGM/EGM)
Proposal ManagementRecommendation
Vote (For/Against/
Notattended)
46 12.08. 2013 Marico Ltd Annual General Meeting
1. Adoption of Accounts2. Confi rmation of Interim Dividends3. Re-appointment of Mr. Rajen Mariwala as Director4. Re-appointment of Mr. Atul Choksey as Director5. “Appointment of M/s Price Waterhouse, Chartered Accountants as Auditors”6. Alteration of Articles of Association
- Not Attended
47 12.08.2013 Britannia Industries Ltd.
Annual General Meeting
1. Adoption of Accounts.2. Declaration of Dividend.3. Re-appointment of Mr. Nasser Munjee as Director.4. Re-appointment of Mr. Ness N Wadia as Director.5. Re-appointment of Dr Vijay L Kelkar as Director.6. Re-appointment of Mr. Nusli N Wadia as Director.7. Appointment of M/s BSR & Co, Chartered Accountants as Auditors”
- Not Attended
48 14.08.2013 Amara Raja Batteries Limited
Annual General Meeting
1. To receive, consider and adopt the audited statement of Profi t and Loss for the year ended March 31, 2013 and the Balance Sheet as at that date together with the reports of the Board of Directors’ and Auditors’ thereon.
2. To declare dividend on equity shares for the fi nancial year ended March 31, 2013.3. To appoint a director in place of Mr. T R Narayanaswamy, who retires by rotation in terms
of Article 105 (a) of the Articles of Association of the Company and being eligible, offers himself for re-appointment.
4. To appoint a director in place of Mr. P Lakshmana Rao, who retires by rotation in terms of Article 105 (a) of the Articles of Association of the Company and being eligible offers himself for re-appointment.
5. To appoint a director in place of Mr. Nagarjun Valluripalli, who retires by rotation in terms of Article 105 (a) of the Articles of Association of the Company and being eligible offers himself for re-appointment.
6. To appoint auditors and to fi x their remuneration Mr. Ravi Bhamidipati, who was appointed by the Board of Directors as an additional director of the Company be and is hereby appointed as a director of the Company, not liable to retire by rotation.
7. Mr. Eric Stuart Mitchell, who was appointed by the Board of Directors as an additional director of the Company with effect from April 18, 2013 be and is hereby appointed as a director of the Company, liable to retire by rotation.
8. Appointment of Mr. Ravi Bhamidipati, as an Executive Director of the Company for a period from October 8, 2012 to March 31, 2014.
The management is in favour of the
resolutions
For
49 14.08.2013 Tata Steel Ltd Annual General Meeting
1. Adoption of Accounts2. Appointment of Mr. O P Bhatt as Director3. Appointment of Mr. Koushik Chatterjee as Executive Director & Group CFO for 5 years
effective 09.11.20124. Declaration of Dividend5. Re-appointment of Mr. Nusli N Wadia as Director6. Re-appointment of Mr. Subodh Bhargava as Director7. Re-appointment of Mr. Jacobus Schraven as Director8. Re-appointment of Dr Karl-Ulrich Koehler as Director9. Appointment of Auditors10. Appointment of Mr. D K Mehrotra as Director11. Appointment of Mr. Koushik Chatterjee as Director
The management is in favour of the
resolutions
For
50 19.08.2013 Hathway Cable & Datacom Ltd.
Annual General Meeting
1. To create, offer, issue and allot, for cash, 38,70,000 fully paid up equity shares to P6 Asia Holding Investments IV (Mauritius) Limited at a price of Rs 284, including premium of Rs 274 aggregating upto Rs 109,90,80,000 on preferential allotment basis.
2. To create, offer, issue and allot, for cash, 14,05,000 fully paid up equity shares of Hathway Investments Pvt Ltd at a price of Rs 284, including premium of Rs 274 aggregating up to Rs 39,90,20,000 on preferential allotment basis.
The management is in favour of the
resolutions
For
51 22.08.2013 eClerx Services Ltd.
Annual General Meeting
1. Adoption of Accounts.2. Amendment(s) to Employee Stock Option Scheme 2011 (ESOP 2011) to increase number
of options which can be granted under ESOP 2011 to the employees of the subsidiaries of the Company
3. Payment of remuneration by way of commission to Non-Executive Independent Directors of the Company
4. Raising of Long Term Financial Resources5. Declaration of Dividend6. Re-appointment of Mr. Anjan Malik as Director7. Re-appointment of Mr. Biren Gabhawala as Director8. Appointment of M/s Walker, Chandiok & Co, Chartered Accountants as Auditors”9. Amendment(s) to ESOP Plan(s)/ Scheme(s) of the Company with regards to removal/deletion
of Clauses permitting the Employee Welfare Trust (ESOP Trust) to acquire the securities of the Company from the market
The management is in favour of the
resolutions
For
40
Sr. No.
Date ofmeeting
Name of the Company
Type of Meeting(AGM/EGM)
Proposal ManagementRecommendation
Vote (For/Against/
Notattended)
10. Amendment(s) to Employee Stock Option Scheme 2008 (ESOP 2008) to incorporate the clause(s) pertaining to implication upon delayed/non-payment of exercise and/or tax money
11. Amendment(s) to Employee Stock Option Scheme 2011 (ESOP 2011) to incorporate the clause(s) pertaining to implication upon delayed/non-payment of exercise and/or tax money
12. Amendment(s) to Employee Stock Option Scheme 2011 (ESOP 2011) to increase number of options which can be granted under ESOP 2011 to the employees of the Company.
52 22.08.2013 Cipla Ltd. Annual General Meeting
1. Adoption of Accounts.2. Revision on terms of remuneration of of Mr. Kamil Hamiedas with effect from 1.9.2013.3. Revision on terms of remuneration of of Mr.s Samina Vaziralli with effect from 1.9.2013.4. Offer and grant of up to 84,44,528 stock options to the benefi t of employees under ESOS-
2013-A Scheme.5. Grant the benefi t of ESOS-2013-A Scheme to the employees of subsidiary companies.6. To create, offer, grant total of 5,22,194 stock options to Mr.. Rajesh Garg, global Chief
Financial Offi cer and permanenet employee of the Company under ESOS 2013-B Scheme.7. Payment of Commission to Non-Executive Directors not exceeding 1% of net profi t of the
Company for 5 years commencing 1.4.2013.8. Declaration of Dividend.9. Re-appointment of Mr. M R Raghavan as a Director.10. Re-appointment of Mr. Pankaj Patel as a Director.11. Not fi lling of vacancy caused by retirement as Mr. Ramesh Shroff as a Director.12. Re-appointment of M/s V Sankar Aiyar & Co and M/s R G N Price & Co, Chartered Accountants
as Joint Auditors.13. Appointment of Mr. M K Hamied as Executive Vice chairman for 2 years with effect from
16.7.2013.14. Appointment of Mr. Sunhanu Saxena as a Director.15. Appointment of Mr. Sunhanu Saxena as Managing Director for 5 years with effect from
16.7.2013.
The management is in favour of the
resolutions
For
53 27.08.2013 HT Media Ltd Annual General Meeting
1. Adoption of Accounts2. Modifi cation of HTML Employee Stock Option Scheme3. Modifi cation of HTML Employee Stock Option Scheme 20094. Payment of commission to Non-Executive Directors5. Declaration of Dividend6. Re-appointment of Mr. Ajay Relan as Director7. Re-appointment of Mr. Rajiv Verma as Director8. “Appointment of M/s S R Batliboi & Co LLP, Chartered Accountants as Auditors”9. Re-appointment of Mr. Shobhana Bhartia as Chairperson and Editorial Director for 5 years
effective 01.07.201310. Re-appointment of Mr. Shamit Bhartia as Wholetime Director for 5 years effective 01.09.201311. “Revision in remuneration of Mr. Rajiv Verma, Wholetime Director effective 01.04.2013”12. To approve the media-space Sales Agreement entered into by the Company and India
Education Services Pvt. Ltd.
The management is in favour of the
resolutions
For
54 27.08.2013 Maruti Suzuki India Ltd
Annual General Meeting
1. Adoption of accounts2. Payment towards stay and other expenses to Mr. Shinzo Nakanishi, Director3. Declaration of dividend4. Appointment of Mr. D S Brar as director5. Appointment of Mr. Amal Ganguli as director6. Appointment of Mr. Keiichi Asai as director7. “Appointment of M/s Price Waterhouse, Chartered accountants as auditors”8. Appointment of Mr. Menichi Ayukawa as MD & CEO9. Appointment of Mr. Toshiaki Hasuike as Joint MD10. Appointment of Mr. R P Singh as director
The management is in favour of the
resolutions
For
55 05.09.2013 Hindustan Petroleum Corporation Ltd
Annual General Meeting
1. Adoption of Accounts2. Appointment of Mr. B K Namdeo as Director3. Declaration of Dividend4. Re-appointment of Mr. S K Roongta as Director5. Re-appointment of Mr. Nishi Vasudeva as Director6. Re-appointment of Mr. Anil Razdan as Director7. Re-appointment of Mr. G K Pillai as Director8. Appointment of Dr. Gitesh K Shah as Director9. Appointment of Mr. K V Rao as Director10. Appointment of Mr. R K Singh as Director
The management is in favour of the
resolutions
For
56 06.09.2013 Aditya Birla Nuvo Ltd
Annual General Meeting
1. Adoption of Account2. Extending the benefi ts of ‘Aditya Birla Nuvo Limited Employee Stock Option Scheme 2013’
to employees of subsidiary companies3. Declaration of Dividend on Preference and equity shares4. Re-appointment of Mr. Kumar Mangalam Birla as a Director5. Re-appointment of Mr. G P Gupta as a Director
The management is in favour of the
resolutions
For
41
Sr. No.
Date ofmeeting
Name of the Company
Type of Meeting(AGM/EGM)
Proposal ManagementRecommendation
Vote (For/Against/
Notattended)
6. Re-appointment of Mr. T Chattopadhyay as a Director7. “Re-appointment of M/s Khimji Kunverji & Co and M/s S R Batliboi & Co LLP, Chartered
Accountants as Joint Auditors”8. Appointment of branch auditors9. Appointment of Mr. Lalit Naik as a Director10. “Introduce and implement the ‘Aditya Birla Nuvo Limited Employee Stock Option Scheme
2013’ wherein the options exercisable are up to a limit not exceeding 3,50,000 equity shares of Rs 10 each”
57 19.09.2013 Godfrey Phillips India Ltd
Annual General Meeting
1. Adoption of Accounts2. Declaration of Dividend3. Re-appointment of Mr. O P Vaish as Director4. Re-appointment of Mr. R Ramamurthy as Director5. Re-appointment of Mr. R A Shah as Director6. “Appointment of M/s Deloitte Haskins & Sells, Chartered Accountants as Auditors”7. “Approve terms of appointment of Mr. Samir Kumar Modi, Executive Director for 3 years with
effect from 1.9.2013”8. “Payment of sum by way of commission to Mr. Lalit Kumar Modi, Executive Director not
exceeding 1% p.a. of net profi ts of the Company”9. Amendment of Articles of Association
The management is in favour of the
resolutions
For
58 21.09.2013 Oil India Ltd Annual General Meeting
1. Adoption of Accounts2. Appointment of Mr. Gautam Barua as Non-Offi cial Part-time Director3. Appointment of Mr. Nalin Kumar Srivastava as Governemt and Nominee Director4. Declaration of Dividend5. Re-appointment of Mr. T K Ananth Kumar as Director6. Re-appointment of Mr.S. Rashmi Aggarwal as Director7. Appointment to Auditors8. Appointment of Mr. Anup Mukerji as Non-Offi cial Part-time Director9. Appointment of Mr. Suresh Chand Gupta as Non-Offi cial Part-time Director10. Appointment of Mr. Bhaskar Ramamurthi as Non-Offi cial Part-time Director11. Appointment of Mr. Shekhar Chaudhari as Non-Offi cial Part-time Director
The management is in favour of the
resolutions
For
59 24.09.2013 United Spirits Ltd
Annual General Meeting
1. Adoption of accounts2. Appointment of Mr. Sudhakar Rao as director.3. Appointment of Mr. Sivanandhan Dhanushkodi as director.4. Appointment of Ms Renu Sud Karnak as director5. Appointment of Mr. Paul Steven Waish as director.6. Appointment of Mr. Vikram Singh Mehta as director.7. “Revision of remuneration to Mr. Ashok Capoor, MD”8. Alteration of Articles of Association9. Declaration of dividend10. Appointment of Dr Vijay Mallya as director11. “Appointment of M/s BSR & Co, Chartered accountants as auditors”12. Appointment of Mr. Gilbert Ghostine as director13. Appointment of Mr. Ravi Rajagopal as director14. Appointment of Mr. P A Murali as director15. Appointment of Mr. P A Murali as executive director16. Appointment of Mr. Arunkumar Ramanlal Gandhi as director
The management is in favour of the
resolutions
For
60 25.09.2013 Oil & Natural Gas Corporation Ltd
Annual General Meeting
1. Adoption of accounts2. Declaration of dividend3. Appointment of Dr. D Chandrasekharam as director4. Appointment of Mr. K S Jamestin as director5. Appointment of auditors6. Appointment of Mr. Pronip Kumar Borthakur as director7. Appointment of Mr. Shashi Shanker as director8. Appointment of Mr. Narasimha Murthy as director9. Appointment of Mr. Narendra kumar Verma as director
The management is in favour of the
resolutions
For
61 26.09.2013 Lupin Ltd Postal Ballot
1. Approving the terms of appointments of Dr. Kamal K Sharma, as Vice Chairman of the Company, with effect from 1.9.2013”
2. “Approving the terms of appointments of Ms. Vinita Gupta, as Chief Executive Offi cer of the Company. with effect from 01.09.2013”
3. “Approving the terms of appointments of Mr. Nilesh Gupta, as Managing Director of the Company with effect from 1.9.2013”
The management is in favour of the
resolutions
For
62 26.09.2013 Tech Mahindra Ltd
Annual General Meeting
1. Adoption of Accounts2. Appointment of Mr. Anand G Mahindra as Director3. Appointment of Mr. Bharat N Doshi as Director4. Appointment of Mr. T N Manoharan as Director5. Appointment of Mr. S. M. Rajyalakshmi Rao as Director6. Amendment of Articles of Association
The management is in favour of the
resolutions
For
42
Sr. No.
Date ofmeeting
Name of the Company
Type of Meeting(AGM/EGM)
Proposal ManagementRecommendation
Vote (For/Against/
Notattended)
7. Increase the investment by FIIs to a limit not exceeding 49%8. “To increase the maximum number of restricted stock units per Associate / Employees/
Director from existing 0.5% to 2% in any fi nancial year and from existing 2% to 4% in aggregate, of the total number of RSUs reserved under Restricted Stock Unit plan, with effect from 1.1.2013”
9. To amend the exercise price for the purposes of the grant of Options as decided by the Compensation & Nominations Committee at the time of grant of Options to the employees / directors
10. Declaration of Dividend11. Re-appointment of Mr. Anupam Puri as Director12. Re-appointment of Mr. Paul Zuckerman as Director13. Re-appointment of Mr. Ulhas N Yargop as Director14. “Appointment of M/s Deloitte Haskins & Sells, Chartered Accountants as Auditors”15. Appointment of Mr. C P Gurnani as Director16. Appointment of Mr. C P Gurnani as Managing Director for 5 years with effect from 10.8.201217. Appointment of Mr. Vineet Nayyar as Executive Vice Chairman for 3 years with effect from
10.8.2012
63 26.09.2013 Hathway Cable and Datacom Ltd
Extra Ordinary General Meeting
1. To issue equity shares on preferential basis The management is in favour of the
resolutions
For
64 27.09.2013 Gujarat State Petronet Ltd
Annual General Meeting
1. Adoption of Accounts2. Declaration of Dividend3. Re-appointment of Dr. Vaidyanathan as Director4. Appointment of Auditors5. Appointment of Dr. Hasmukh Adhia IAS as Director6. Appointment of Prof. Yogesh Singh as Director7. Appointment of Mr. Yogesh B Sinha as Director8. “Payment of monthly salary derived on the basis of ‘last pay drawn minus pension’ to Shri
M Srivastava, IAS (Retd) with effect from 27.8.2012”
The management is in favour of the
resolutions
For
65 27.09.2013 Gateway Distriparks Ltd
Annual General Meeting
1. Adoption of Accounts2. Declaration of Interim Dividend3. Re-appointment of Mr. Shabbir Hassanbhai as Director4. Re-appointment of Mr. SatPal Khattar as Director5. Re-appointment of Mr. Arun Agarwal as Director6. Re-appointment of M/s Price Waterhouse, Chartered Accountants as Auditors.
The management is in favour of the
resolutions
For
66 28.09.2013 Bharti Airtel Ltd
Postal Ballot
1. To approve slump Sale of Data Center and Managed Services Business to Nxtra Data Limited, a Wholly Owned Subsidiary of Bharti Airtel Limited for a consideration not less than Rs 1,771 million.
The management is in favour of the
resolutions
For
67 30.09.2013 Cadila Healthcare Ltd.
Annual General Meeting
1. Adoption of Accounts2. Confi rmation of Interim Dividend3. Re-appointment of Mr. Mukesh M Patel as Director4. Appointment of Auditors5. Payment of commission to Non-Executive Directors.
The management is in favour of the
resolutions
For
68 30.09.2013 Sun Pharma-ceuticals Ltd
Annual General Meeting
1. Adoption of Accounts2. Appointment of Mr. Aalok D Sanghvi as Senior General Manager - International Business.3. To issue, offer and allot securities not exceeding Rs 120 billion.4. To borrow upto Rs 500 billion5. To make loan(s) &/or give guarantee(s) / provide any security(ies) in connection with loan(s)
made to and to make investments in Shares, Debentures &/or any other securities of other body corporates upto maximum amount of Rs 500 billion.
6. Declaration of Dividend.7. Re-appointment of Mr. Dilip S Sanghvi as Director.8. Re-appointment of Mr. Shailesh T Desai as Director9. Re-appointment of Mr. Hasmukh S Shah as Director10. Re-appointment of M/s Deloitte Haskins & Sells, Chartered Accountants as Auditors.11. Revision in remuneration of Mr. Sudhir V Valia, Wholetime Director effective 01.04.2013.12. Re-appointment of Mr. Sudhir V Valia as Wholetime Director for 5 years effective 01.04.2014.13. Re-appointment of Mr. Shailesh T Desai as Wholetime Director for 5 years effective
01.04.2014.
The management is in favour of the
resolutions
For
69 14.10.2013 Zee Entertainment Enterprises Ltd
Annual General Meeting
1. To approve the Scheme of Arrangement under Sections 391 read with Sections 16, 94 and any other applicable provisions of the Companies Act, 1956 between the Company and its equity shareholders for issuance of Bonus Preference Shares”
The management is in favour of the
resolutions
For
43
Sr. No.
Date ofmeeting
Name of the Company
Type of Meeting(AGM/EGM)
Proposal ManagementRecommendation
Vote (For/Against/
Notattended)
70 18.11.2013 Tamil Nadu Newsprint & Papers Ltd
Postal Ballot
1. To enhance the borrowing powers of the company to Rs. 2500 crores comprising of both rupee loan and foreign currency loan.
The management is in favour of the
resolutions
For
71 29.11.2013 IPCA Laboratories Ltd
Extra Ordinary General Meeting
1. Reappointment of Mr. Pranay Godha as the Executive Director of the company for a further period of fi ve years.
2. Increase in the investment limit by the Foreign Institutional Investors (FIIs) in the equity share capital of the company.
The management is in favour of the
resolutions
For
72 10.12.2013 Motherson Sumi Systems Ltd
Postal Ballot
1. To issue bonus shares in the ratio of 1:2.2. To make investments in the form of capital and/or provide loan/ guarantee up to Rs 350
Crores in Samvardhana Motherson Polymers Limited.3. To provide Corporate Guarantee in favor of State Bank of India, Frankfurt Branch, Germany
up to Euro 0.60 Million provided to SM Automotive Exterior GmbH, Germany.4. To make investments in the form of capital and/or provide loan/ guarantee up to Rs 4.45
Crores in Samvardhana Motherson Nippisun Technology Ltd.
The management is in favour of the
resolutions
For
73 23.12.2013 Power Grid Corporation of India Ltd
Postal Ballot
1. To increase the borrowing limits by authorizing the Board Of Directors to borrow monies for implementation of various projects/expansion from the existing limits of Rs 1,00,000 crore to Rs 1,30,000 crore.
2. To increase the shareholding limit for FIIs from 24% to 30% of the paid up capital of Power Grid Corporation of India Ltd.
The management is in favour of the
resolutions
For
74 26.12.2013 Idea Cellular Ltd
Extra Ordinary General Meeting
1. To increase the investment limit on total holdings of Foreign Institutional Investors from 24% to 49% of the paid up equity capital of the company.
2. To revise and increase various components of remuneration payable to Mr.. Himanshu Kapania, Managing Director of the company.
The management is in favour of the
resolutions
For
75 30.12.2013 State Bank of India
Extra Ordinary General Meeting
1. To create, offer, issue and allot such number of equity shares of Rs 10/- each for cash at a price determined by the Board aggregating to the tune of up to Rs 2,000/- crores on preferential basis to GOI.
2. To create, offer, issue and allot by way of QIP/FPO/any other mode as may be approved by GOI & RBI such number of equity shares of Rs 10/- each as decided by board up to Rs 9,576/- crores.
The management is in favour of the
resolutions
For
76 02.01.2014 Cairn India Ltd
Postal Ballot
1. Purchase by the Company of its fully paid-up equity shares with face value of Rs. 10/- each at a price not exceeding Rs. 335/- (‘Maximum Buy-back Price’) per equity share out of free reserves and/or securities premium account, from the open market through the Stock Exchanges.
The management is in favour of the
resolutions
For
77 15.01.2014 Bank of Baroda
Extra Ordinary General Meeting
1. To create, offer, issue and allot up to such no. of equity shares of Rs. 10/- each for cash at a premium to be determined in accordance with SEBI/ ICDR Regulations, aggregating up to Rs.550/- crores on preferential basis to Government of India.
The management is in favour of the
resolutions
For
78 27.01.2014 Aurobindo Pharma Ltd
Court Meeting
1. Approving with or without modifi cation(s) the proposed Scheme of Arrangement between the Company and Curepro Parenterals Ltd and their respective Shareholders and Creditors (the ‘Scheme’).
The management is in favour of the
resolutions
For
79 30.01.2014 Gulf Oil Corporation Ltd
Court Meeting
1. Demerger of Lubricants Undertaking of Gulf Oil Corporation Ltd into its wholly owned subsidiary Gulf Oil Lubricants India Ltd.
The management is in favour of the
resolutions
For
80 10.02.2014 Indian Bank Extra Ordinary General Meeting
1. Conversion of the Perpetual Non-Cumulative Preference Shares (PNCPS) (4,00,00,000 Perpetual Non-Cumulative Preference Shares of Rs 100 each aggregating to Rs 400.00 crore), held by Government of India, into such number of equity shares in favour of Government of India pursuant to compliance with Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and subject to approval of shareholders and other regulatory / statutory authorities.
The management is in favour of the
resolutions
For
81 06.03.2014 HDFC Bank Ltd
Postal Ballot
1. Mr. Paresh Sukthankar who is presently appointed as a director till 11th October, 2016 and designated as Executive Director, be and is hereby appointed as Deputy Managing Director of the Bank for a period of 3 (Three) years with effect from 24th December, 2013 to 23rd December, 2016.
2. Mr. Kaizad Bharucha be and is hereby appointed as an Executive Director of the Bank for a period of 3 years with effect from 24th December, 2013 to 23rd December, 2016.
3. Mr. C. M. Vasudev be and is hereby appointed as director and part-time Chairman of the Bank for a period of one year from 27th August, 2013 up to 26th August 2014.
4. Consent of the Members be and is hereby accorded to the Board of Directors of the Bank to borrow such sum or sums of monies as they may deem necessary, provided that the total outstanding amount of such borrowings shall not exceed Rs. 20,000 crore over and above the aggregate of the paid up capital of the Bank and its free reserves at any time.
The management is in favour of the
resolutions
For
82 18.03.2014 United Spirits Limited
Extra Ordinary General Meeting
To approve Scheme of Amalgamation between Tern Distilleries Private Limited and the Company. - Not Attended
44
Sr. No.
Date ofmeeting
Name of the Company
Type of Meeting(AGM/EGM)
Proposal ManagementRecommendation
Vote (For/Against/
Notattended)
83 19.03.2014 ITC Ltd Postal Ballot
To approve the Scheme of Arrangement between WIMCO Limited and ITC Limited and their respective shareholders
The management is in favour of the
resolutions
For
84 21.03.2014 Eicher Motors Ltd
Annual General Meeting
1. To receive, consider and adopt the Audited Balance Sheet as at December 31, 2013 and Statement of Profi t & Loss for the year ended on that date, together with the Auditors’ and Directors’ Report thereon
2. To declare dividend on equity shares.3. To appoint a Director in place of Mr. S. Sandilya who retires by rotation and being eligible,
offers himself for reappointment.4. Re-appointment of M/s Deloitte Haskins & Sells, Chartered Accountants as Auditors.5. To revise the terms and conditions of appointment of Mr. Siddhartha Lal, Managing Director
of the Company, w.e.f. April 1, 2014.
The management is in favour of the
resolutions
For
45
Redressal of Complaints received against Mirae Asset Mutual Fund during the year 2013-14:No. of Folios as on March 31, 2014: 56803
Complaint code
Type ofcomplaint#
(a) No. of complaints
pending at the
beginning of the year
Action on (a) and (b)
(b) No of complaints
received during the
year
Resolved
NonActionable*
Pending
Within 30
days
30-60
days
60-180 days
Beyond180
days
0-3 months
3-6 months
6-9 months
9-12 months
I A Non receipt of Dividend on Units 0 9 9 0 0 0 0 0 0 0 0
I B Interest on delayed payment of Dividend 0 0 0 0 0 0 0 0 0 0 0
I C Non receipt of Redemption Proceeds 0 10 10 0 0 0 0 0 0 0 0
I D Interest on delayed payment of Redemption 0 0 0 0 0 0 0 0 0 0 0
II A Non receipt of Statement of Account/Unit Certifi cate 0 2 2 0 0 0 0 0 0 0 0
II B Discrepancy in Statement of Account 0 0 0 0 0 0 0 0 0 0 0
II C Data corrections in Investor details 0 2 2 0 0 0 0 0 0 0 0
II D Non receipt of Annual Report/Abridged Summary 0 0 0 0 0 0 0 0 0 0 0
III A Wrong switch between Schemes 0 0 0 0 0 0 0 0 0 0 0
III B Unauthorized switch between Schemes 0 0 0 0 0 0 0 0 0 0 0
III C Deviation from Scheme attributes 0 0 0 0 0 0 0 0 0 0 0
III D Wrong or excess charges/load 0 1 1 0 0 0 0 0 0 0 0
III E Non updation of changes viz. address, PAN, bank details, nomination, etc
0 0 0 0 0 0 0 0 0 0 0
IV Others* 0 2 2 0 0 0 0 0 0 0 0
TOTAL 26 26 0 0 0 0 0 0 0 0
# including against its authorized persons/distributors/employees. etc.*Non actionable means the complaint that are incomplete /outside the scope of the mutual fund
INVESTOR SERVICE CENTRES (ISC) - Karvy Computershare Private Limited (REGISTRAR)
Agra-Deepak Wasan Plaza, Behind Holiday Inn, Opp. Megdoot Furnitures, Sanjay Place, Agra-282002. Ahmedabad-201, Shail Building, Opp. Madhusudhan House, Nr. Navrangpura Telephone Exchange; Navrangpura Ahmedabad-380006. Ajmer-1-2, 2nd Floor Ajmer Tower, Kutchary Road, Ajmer-305001. Allahabad-RSA Towers, 2nd Floor, Above Sony TV Showroom, 57, S P Marg, Civil Lines, Allahabad-211001. Ambala-6349, Nicholson Road, Adjacent Kos Hospital, Ambala Cantt, Ambala-133001. Amritsar-72-A, Taylor’s Road, Aga Heritage Gandhi Ground, Amritsar-143001. Anand-201, Sai Apartment, Behind New Bus Stand, Anand, Gujarat - 388001. Asansol-114/71, G.T. Road, Near Sony Centre, Bhanga Pachil, Asansol-713 303, West Bengal. Aurangabad-Ramkunj, Railway Station Road, Near Osmanpura Circle, Aurangabad-431005. Balasore-M. S. Das Street, Gopalgaon, Balasore-756001. Bangalore-No.51/25, 1st Floor, Surya Building, Ratna Avenue, Richmond Road, Bangalore-560025. Bankura-Ambika Market, Natunganj, Bankura-722101. Baroda-SB-4 & 5, Mangaldeep Complex, Opp. Mesonic Hall, Productivity Road, Alkapuri, Baroda-390007. Belgaum-CTS No.3939/A2 A1, Above Raymonds Show Room, Beside Harsha Appliances, Club Road, Belgaum-590001. Bellary-No.1 KHB Colony, Gandhinagar, Bellary-583101. Bharuch-147-148, Aditya Complex, Near Kasak Circle, Bharuch-392002. Bhavnagar-Surabhi Mall, 301, 3rd Floor, Waghawadi Road, Bhavnagar-364001. Bhilai-Shop No.1, 1st Floor, Plot No.1, Old Sada Offi ce Block, Commercial Complex, Near HDFC ATM, Nehru Nagar-East Post-Bhilai-490020. Bhopal-Kay Kay Busniss Centre, 133, Zone I, M P Nagar, Bhopal-462011. Bhubaneswar-2nd & 3rd Floor, Janardan House, A 181, Saheed Nagar, Bhubaneswar-751007, Odisha. Bilaspur-Shop No.201/202, V. R. Plaza, Link Road, Bilaspur-495001. Burdwan-63 G. T. Road, Birhata, Halder Complex, 1st Floor, Burdwan-713101. Calicut-Sowbhagya Shoping Complex, Areyadathupalam, Mavoor Road, Calicut-673004. Chandigarh-SCO-371-372, 1st Floor, Above HDFC Bank, Sector 35B, Chandigarh-160022. Chennai-Flat No.F11, 1st Floor, Akshya Plaza, (Erstwhile Harris Road), Opp.Chief City Metropolitan Court, # 108, Adhithanar Salai, Egmore, Chennai-600002. Cochin-Building No.39, Ali Arcade, 1st Floor, Near Atlantis Junction, Kizhvana Road, Panampili Nagar, Cochin-682036, Ernakulum District. Coimbatore-1057 / 1058, Jaya Enclave, Avanashi Road, Coimbatore-641018. Cuttack-Dargha Bazar, Opp. Dargha Bazar Police Station, Buxibazar, Cuttack-753001. Dehradun-Kaulagarh Road, Near Sirmour Marg, Above Reliance Webworld, Dehradun-248001. Dhanbad-208, New Market, 2nd Floor, Katras Road, Bank More, Dhanbad-826001. Durgapur-MWAV-16 Bengal Ambuja, 2nd Floor, City Centre, Durgapur-713216. Erode-No. 4, KMY Salai, Veerappan Traders Complex, Opp. Erode Bus Stand, Sathy Road, Erode-638003. Faridabad-A-2B, 1st Floor, Nehru Ground, Neelam Bata Road, Nit, Faridabad-121001. Gandhidham-Offi ce No. 203, 2nd Floor, Bhagwati Chamber, Plot No. 8, Sector-1/A, Kutch Kala Road, Gandhidham-370 201. Gandhinagar-Plot No.-945/2, Sector-7/C, Gandhinagar-382007. Ghaziabad-1st Floor, C-7, Lohia Nagar, Ghaziabad-201001. Gurgaon-Shop No.18, Ground Floor, Sector-14, Opp. AKD Tower, Near Huda Offi ce, Gurgaon-122001. Gorakhpur-Above V.I.P. House, Ajdacent A.D. Girls College, Bank Road, Gorakhpur-273001. Guwahati-54, Sagarika Bhawan, R G Baruah Road, (AIDC Bus Stop), Guwahati-781024. Gwalior-Shindi Ki Chawani, Nadi Gate Pul, MLB Road, Gwalior-474001. Hubli-22 & 23, 3rd Floor, Eurecka Junction, T. B. Road Hubli-580029. Hyderabad-8-2-596 Karvy Plaza, Avenue 4, Street No.1, Banjara Hills, Hyderabad-500034. Indore-G-7, Royal Ratan Building, M. G. Road, Opp. Kotak Mahindra Bank, Indore-452010. Jaipur-S-16 A, 3rd Floor, Land Mark, Opp. Jaipur Club, Mahavir Marg, C-Scheme, Jaipur-302001. Jalandhar-Lower Ground Floor, Offi ce No. 3, Arora Prime Tower, Plot No.28, G T Road, Jalandhar-144004. Jammu-5 A/D Second Extension, Opposite Panama Chowk Petrol Pump, Gandhi Nagar, Jammu-180012. Jamnagar-108 Madhav Plaza, Opp. SBI Bank, Near Lal Bangalow, Jamnagar-361001. Jamshedpur-Kanchan Tower, 3rd Floor, Chhaganlal Dayalji @ Sons, 3-S B Shop Area, (Near Traffi c Signal), Main Road, Bistupur, Jamshedpur-831001. Jodhpur-203, Modi Arcade, Chupasni Road, Jodhpur-342001. Junagadh-124/125, Punit Shopping Center, Ranavat Chowk, Junagadh, Gujarat-362001. Kanpur-15/46, Ground Floor, Opp. Muir Mills, Civil Lines, Kanpur-208001. Kolhapur-605/1/4 ‘E’ Ward, Near Sultane Chambers, Shahupuri, 2nd Lane, Kolhapur-416001. Kolkata-166A, Rashbehari Avenue, 2nd Floor, Near Adi Dhakerhwari Bastralaya, Opp. Fortis Hospital, Kolkata-700029. Kolkata-Dalhousie-(Only for Equity transactions) Martin Burn Building, 1, R. N. Mukherjee Road, 2nd Floor, Room No.226, (Opp.Lalbazar Police HQ.), Kolkata-700001. Kottayam-1st Floor, CSI Ascension Church Complex, Kottayam-686001. Lucknow-Usha Sadan, 24, Prem Nagar, Ashok Marg, Lucknow-226001. Ludhiana-SCO-136, 1st Floor, Above Airtel Show Room, Feroze Gandhi Market Ludhiana-141001. Madurai-Rakesh Towers, 30-C, Bye Pass Road, 1st Floor, Opp. Nagappa Motors, Madurai-625010. Mangalore-Ground Floor, Mahendra Arcade, Kodial Bail, Mangalore-575003. Mehsana-Ul-47, Appolo Enclave, Opp. Simandhar Temple, Modhera Char Rasta, Highway, Mehsana-384002. Moradabad-Om Arcade, Parker Road, Above Syndicate Bank, Tari Khana Chowk, Moradabad-244001. Mumbai-Offi ce No.01/04, 24/B, Raja Bahadur Compound, Ambalal Doshi Marg, Behind Bombay Stock Exchange, Fort, Mumbai-400001. Muzaffarpur-1st Floor, Uma Market, Near Thana Gumti, Motijheel, Muzaffarpur, Bihar-842001. Mysore-L-350, Silver Tower, Clock Tower, Ashoka Road, Mysore-570001. Nadiad-105 Gf City Point, Near Paras Cinema, Nadiad-387001. Nagpur-Plot No.2/1, House No.102/1, Mangaldeep Apartment, Mata Mandir Road, Opp. Khandelwal Jewellers, Dharampeth, Nagpur-440010. Nasik-S-12, 2nd Floor, Suyojit Sankul, Sharanpur Road, Nasik-422002. Navsari-1st Floor, Chinmay Arcade, Opp. Sattapir, Tower Road, Navsari-396445. New Delhi-305, 3rd Floor, New Delhi House, Bara Khamba Road, Connaught Place, New Delhi-110001. Noida-307, Jaipuria Plaza, D 68 A, 2nd Floor, Opp. Delhi Public School, Sector 26, Noida-201301. Panipat-1st Floor, Krishna Tower, Near HDFC Bank, Opp. Railway Road, G. T. Road, Panipat-132103. Panjim-City Business Centre, Coelho Pereira Building, Room Nos.18, 19 & 20, Dada Vaidya Road, Panjim-403001. Patiala-Sco. 27 D, Chhoti Baradari, Patiala-147001. Patna-3A, 3rd Floor, Anand Tower, Beside Chankya Cinema Hall, Exhibition Road, Patna-800001. Pondicherry-1st Floor, No.7, Thiayagaraja Street, Pondicherry-605001. Pune-Shop No.16, 17 & 18, Ground Floor, Sreenath Plaza, Dyaneshwar Paduka Chowk, F. C. Road, Pune-411004. Raipur-Room No.TF 31, 3rd Floor, Millennium Plaza, Behind Indian Coffee House, G E Road, Raipur-492001. Rajkot-104, Siddhi Vinayak Complex, Dr. Yagnik Road, Opp. Ramkrishna Ashram, Rajkot-360001. Ranchi-Room No.307, 3rd Floor, Commerce Towers, Beside Mahabir Towers, Main Road, Ranchi-834001. Salem-Door No.40, Brindavan Road, Near Perumal Koil, Fairlands, Salem-636016. Shillong-Mani Bhawan, Thana Road, Lower Police Bazar, Shillong-793 001. Secunderabad-1st Floor, Thirumala Complex, Opp. Hotel Kamat, Paradise Circle, S. D. Road, Secunderabad, Andhra Pradesh-500 003. Shimla-Triveni Building, By Pas Chowk, Khallini, Shimla-171002. Siliguri-Nanak Complex, Near Church Road, Sevoke Road, Siliguri-734001. Surat-G-6 Empire State Building, Near Parag House, Udhna Darwaja, Ring Road, Surat-395002. Thanjavur-Nalliah Complex, No.70, Srinivasam Pillai Road, Thanjavur-613001. Tirunelveli-Jeney Building, 55/18, S. N. Road, Near Arvind Eye Hospital, Tirunelveli-627001. Tiruvalla-2nd Floor, Erinjery Complex, Near Kotak Securites, Ramanchira, Tiruvalla-689107. Trichur-2nd Floor, Brother’s Complex, Near Dhan Laxmi Bank Head Offi ce, Naikkanal Junction, Trichur-680001. Trichy-Sri Krishna Arcade, 1st Floor, 60 Thennur High Road, Trichy-620017. Trivandrum-2nd Floor, Akshaya Towers, Above Jetairways, Sasthamangalam, Trivandrum-695010. Udaipur-201-202, Madhav Chambers, Opp. G. P. O., Chetak Circle, Madhuban, Udaipur-313001. Valsad-Shop No.2, Phiroza Corner, Opp. Next Showroom, Tithal Road, Valsad-396001. Vapi-Shop No.12, Shital Appartment, Opp. K P Tower, Imran Nagar, Silvassa Road, Vapi-396195. Varanasi-D-64/132, KA 1st Floor, Anant Complex, Sigra,Varanasi-221010. Vellore-No.1, M.N.R. Arcade, Offi cer’s Line, Krishna Nagar, Vellore-632001. Vijayawada-39-10-7 Opp. Municipal Water Tank, Labbipet Vijayawada-520010. Visakhapatnam-47-14-5/1 Eswar Paradise, Dwaraka Nagar, Main Road, Visakhapatnam-530016. Mumbai-Borivali-(Only for non-liquid transactions) Ground Floor, Himanshu Bldg., Sodawala Lane, Lina Chandawarkar Road, Borivali West, Mumbai-400091. Mumbai-Thane-(Only for non-liquid transactions) 1st Floor, Jeevan Chaya Bldg, Near Adidas Show Room, Ram Maruti Road, Thana West-400601.
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