What is so special about the Mirae Asset Global Commodity Stock Fund (MAGCSF)?
This fund from Mirae claims to be the first fund in India which is focusing on the commodities. The reason they quote is that price of commodities are rising globally and hence this Mirae Asset Global Commodity Stock Fund (MAGCSF) which is focusing on commodities will give excellent returns to the investors.
How will the Mirae Asset Global Commodity Stock Fund (MAGCSF) invest the money of investors?
The MAGCSF will primarily invest in commodity/commodities related stocks in Asia Pacific markets and emerging markets thus ensuring that it is able to tap into opportunities available across countries thereby seeking to generate superior returns on your investments. They are also targeting to achieve diversification at geographical level: Australia, Brazil, Hong Kong, Indonesia, Malaysia, Philippines, Singapore and Thailand. Geographical & Sectoral diversification allows the fund to leverage on commodity plays available in many countries for e.g. Agriculture in Brazil, Metals in Australia, Energy in China etc and thereby reduce risks.
Which sectors will be targeted by Mirae Asset Global Commodity Stock Fund (MAGCSF) for investments?
The Mirae Asset Global Commodity Stock Fund (MAGCSF) will target 3 commodities:
1) Agriculture: products including corn, wheat, rice, soybean
2) Metals: steel, aluminium, iron ore along with precious metals like Gold, Silver
3) Energy: oil, natural gas, coal, wind energy etc stocks
What is the risk of investments in Mirae Asset Global Commodity Stock Fund (MAGCSF)?
Apart from others, the main risk is forex risk as they are looking for global diversification. There is also market (country)specific risk, which is directly affected by political situation as well. Having such a wide level of diversification will also mean paying high transaction costs.
Related: ING Latin America Equity Fund NFO Review
What is the minimum and maximum investment available in Mirae Asset Global Commodity Stock Fund (MAGCSF)?
Rs. 5000 is the minimum investment and in multiples of Re. 1 afterwards.
During NFO fund unit will be available at the rate of Rs. 10 per unit plus applicable load.
Any SIP or Systematic Investment Plan available within Mirae Asset Global Commodity Stock Fund (MAGCSF)?
- Systematic Investment Plan (SIP): Rs. 1000/- (multiples of Re.1/ - thereafter), minimum 6 installments or Rs 1500/- minimum 4 installments
Which benchmark index will be tracked by Mirae Asset Global Commodity Stock Fund (MAGCSF)?
A mix of some indices in the following proportions: MSCI Asia Pacific ex Japan and India Energy and Materials Index (55%) + MSCI Brazil Energy and Materials Index (10%) + BSE 200 (35%)
What are the opening dates for Mirae Asset Global Commodity Stock Fund (MAGCSF)?
NFO or New Fund offer closes on 23rd July, 2008.
What investment options are available through Mirae Asset Global Commodity Stock Fund (MAGCSF)?
- Growth Option
- Dividend Option
What are the entry load and exit loads for Mirae Asset Global Commodity Stock Fund (MAGCSF)?
Entry Load: Regular Plan (a) < Rs. 5 Crores: 2.25%, > Rs. 5 Crores : NIL (b) Systematic Investment Plan/ Systematic Transfer Plan : 2.25% (c) By Fund of Funds (regardless of amount) :NIL (d) By Switch-In from the other equity schemes of the Fund : NIL (e) By Switch-In from the schemes other than equity schemes : same as the case in (a) above.
Exit Load: Regular Plan: (i) (a) < Rs.5 Crores : a. Redemption up to 6 months (180 days) from the date of allotment : 1.00%, (b) Redemption on or after 6 months and up to 12 months (365 days) from the date of allotment : 0.50%, (ii) > Rs. 5 Crores : NIL. iii). For Systematic Investment Plan/ Systematic Transfer Plan/Systematic Withdrawal Plan: If redeemed within 12 months (365 days) from the date of allotment: 1.00%.
| More information about the Mirae Asset Global Commodity Stock Fund (MAGCSF)and investments: Email: customercare@miraeassetmf.co.in Tel: - 91-022-67800301 | Table of Contents |
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