SCHEME INFORMATION DOCUMENT Mirae Asset India Equity Fund Multi Cap Fund - An open-ended equity scheme investing across large cap, mid cap, small cap stocks Continuous Offer for units at NAV based prices. Mirae Asset Mutual Fund Investment Manager: Mirae Asset Global Investments (India) Private Limited CIN: U65993MH2006FTC165663 Trustee: Mirae Asset Trustee Company Private Limited CIN: U65191MH2007FTC170231 Registered & Corporate Office: Unit No.606, Windsor Building, Off. C.S.T Road, Kalina, Santacruz (East), Mumbai – 400098 Tel. No.: 022-678 00 300 Fax No.: 022- 6725 3940 - 47 Website: www.miraeassetmf.co.in E-mail: [email protected] The particulars of the Scheme have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 (hereinafter referred to as SEBI (Mutual Funds) Regulations) as amended till date and filed with SEBI, along with Due Diligence Certificate from the Asset Management Company. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document. The Scheme Information Document sets forth concisely the information about MIRAE ASSET INDIA EQUITY FUND that a prospective investor ought to know before investing. The investor should also ascertain about any further changes to this Scheme Information Document after the date of this Document from the Mutual Fund/ Investor Service Centers/ Website/ Distributors or Brokers. The Investors are advised to refer to the Statement of Additional Information (SAI) for details of Mirae Asset Mutual Fund, tax and legal issues and general information on www.miraeassetmf.co.in SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, please contact your nearest Investor Service Centre or log on to our website. The Scheme Information Document should be read in conjunction with SAI and not in isolation. This Scheme Information Document is dated March 15, 2018 1 Scheme Information Document - Mirae Asset India Equity Fund TABLE OF CONTENTS I INTRODUCTION ___________________________________________________________ 5 A. RISK FACTORS ___________________________________________________________________ 5 B. RISK MITIGATION MEASURES _____________________________________________________ 10 C. REQUIREMENT OF MINIMUM NUMBER OF INVESTORS AND MINIMUM HOLDING BY SINGLE INVESTOR ____________________________________________________________ 10 D. SPECIAL CONSIDERATIONS ______________________________________________________ 10 E. DEFINITIONS ____________________________________________________________________ 12 F. DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY ________________________ 16 II. INFORMATION ABOUT THE SCHEME ______________________________________ 17 A. TYPE OF THE SCHEME: __________________________________________________________ 17 B. WHAT IS THE INVESTMENT OBJECTIVE OF THE SCHEME? ________________________ 17 C. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? ________________________________ 17 D. WHERE THE SCHEME WILL INVEST? _____________________________________________ 19 E. WHAT ARE THE INVESTMENT STRATEGIES? ______________________________________ 22 F. FUNDAMENTAL ATTRIBUTES ____________________________________________________ 23 G. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? ______________________ 25 H. WHO MANAGES THE SCHEME? ___________________________________________________ 25 I. WHAT ARE THE INVESTMENT RESTRICTIONS? ___________________________________ 29 J. HOW HAS THE SCHEME PERFORMED?____________________________________________ 32 III UNITS AND OFFER ________________________________________________________ 33 A. NEW FUND OFFER (NFO) _________________________________________________________ 33 B. ONGOING OFFER DETAILS _______________________________________________________ 33 C. PERIODIC DISCLOSURES _________________________________________________________ 52 D COMPUTATION OF NAV __________________________________________________________ 53 IV FEES AND EXPENSES ______________________________________________________ 54 A. NEW FUND OFFER (NFO) EXPENSES ______________________________________________ 54 B. ANNUAL SCHEME RECURRING EXPENSES ________________________________________ 54 C LOAD STRUCTURE _______________________________________________________________ 58 D. WAIVER OF LOAD FOR DIRECT APPLICATIONS ___________________________________ 59 V. RIGHTS OF UNITHOLDERS ________________________________________________ 59 VI. PENALTIES AND PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY 60 2 Scheme Information Document - Mirae Asset India Equity Fund HIGHLIGHTS / SUMMARY OF THE SCHEME: Name of the Scheme MIRAE ASSET INDIA EQUITY FUND Type of the scheme Multi Cap Fund - An open-ended equity scheme investing across large cap, mid cap, small cap stocks Investment Objective 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 or assure any returns. Plans & Options The Scheme will have Regular Plan and Direct Plan** with a common portfolio and separate NAVs. Investors should indicate the Plan for which the subscription is made by indicating the choice in the application form. Each of the above Regular and Direct Plan under the scheme will have the following Options / Sub-options: (1) Growth Option and (2) Dividend Option. The Dividend Option shall have 2 sub options: (a) Dividend Payout (b) Dividend Reinvestment. Investors subscribing under Direct Plan of the Scheme will have to indicate “Direct Plan” against the Scheme name in the application form i.e. “Mirae Asset India Equity Fund - Direct Plan”. Treatment for investors based on the applications received is given in the table below: Scenario Broker Code Plan mentioned Default Plan to mentioned by the by the investor be captured investor 1 Not mentioned Not mentioned Direct Plan 2 Not mentioned Direct Direct Plan 3 Not mentioned Regular Direct Plan 4 Mentioned Direct Direct Plan 5 Direct Not Mentioned Direct Plan 6 Direct Regular Direct Plan 7 Mentioned Regular Regular Plan 8 Mentioned Not Mentioned Regular Plan In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular Plan. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load. However, the investors should note the following instructions for ensuring that the application is treated as a direct application: 1. Broker code, if already printed on the forms must be struck off and countersigned by the investors. 2. Ensure that the broker code block in the form is not left blank (i.e. it should be either struck off or indicated 'direct' or NA). However, if the investor does not specify the application as “Direct” or otherwise, then the AMC treats such application as “Direct” in the interest of the investors. 3 Scheme Information Document - Mirae Asset India Equity Fund **DIRECT PLAN: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund and is not available for investors who route their investments through a Distributor. Liquidity Facility The Scheme will offer units for purchases/switch-ins and redemptions/switch-outs at NAV based prices on all business days on an ongoing basis. Benchmark Index S&P BSE 200 Dematerialization of The Unit holders are given an Option to hold the units by way of an Units Account Statement (Physical form) or in Dematerialized (‘Demat’) form. Mode of holding shall be clearly specified in the KIM cum application form. Unit holders holding the units in physical form will not be able to trade or transfer their units till such units are dematerialized. The Unit holder intending to hold the units in Demat form are required to have a beneficiary account with the Depository Participant (DP) (registered with NSDL / CDSL). Unit holders opting to hold the units in demat form must provide their Demat Account details like the DP’s name, DP ID Number and the beneficiary account number of the applicant with the DP, in the specified section of the application form.. In case Unit holders do not provide their Demat Account details, unit will be allotted to them in physical form and an Account Statement shall be sent to them. Such investors will not be able to trade on the stock exchange platform till the holdings are converted in to demat form, if the scheme is made available on the BSE StAR MF Platform and on MFSS by NSE – MFS II. Transparency / Net The NAV will be disclosed at the close of every business day. The Asset Value (NAV) NAV calculated will be published in two newspapers on a daily basis, Disclosure by way of press release / advertisement. NAV of the Units of the Scheme (including options there under) calculated in the manner provided in this SID or as may be prescribed by the Regulations from time to time. The NAV will be computed upto three decimal places. The AMC will update the NAVs on AMFI website www.amfiindia.com before 9.00