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Mirae Asset Sustainable India Sector Leader Equity Fund

A USD

as of 06/30/2022

Investors should not base on this document alone to make investment decision. Please refer to the Hong Kong offering documents for details including the product features and the risk factors. Investment involves risks. There is no guarantee of the repayment of principal. Before you decide to invest, you should make sure the intermediary has explained to you that the Fund is suitable to you. Investor should note:
Mirae Asset Sustainable India Sector Leader Equity Fund (the “Fund”) mainly invests in equities and equity-related securities of companies domiciled in or exercising a large portion of their economic activity in India.
The Fund invests in emerging markets should be regarded as having higher political, regulatory, volatility, liquidity, economic and foreign currency risks than a fund which invests in developed markets.
The Fund invests in India should be regarded as having higher concentration risks than a fund following a more diversified policy.
The expected maximum level of leverage arising from the use of financial derivative instruments calculated using the commitment approach is 100% of the sub-fund’s NAV.
The Fund's performance may differ significantly from the performance of funds with similar investment universe but without applying ESG criteria. The Fund’s portfolio may also be concentrated in ESG-related securities and its value may become more volatile than that of a fund investing in a more diversified portfolio.
There is a lack of standard taxonomy in ESG evaluation methodologies and the way in which different funds that use ESG criteria will apply such criteria may vary. There can be no guarantee that the Principle Investment Manager will correctly assess the ESG characteristics of the Fund’s investment.

Fund Objective

The primary objective of the Fund is to achieve long term growth in the share price through capital appreciation, measured in US Dollars, of the underlying equity portfolio which promotes environmental, social and governance (ESG) criteria. The Fund will seek to achieve the objective by investing mainly in equities and equity related securities of sector leading companies domiciled in or exercising a large portion of their economic activity in India.

Key Features

Investing in Industry Leaders

Focus on existing and emerging industry leaders with sustainable and competitive business models and strong execution.

Risk Aware, High Quality

Excellent risk-return profile with 5-year upside/downside capture ratio of 97% / 96%.

Creating Value through ESG Investing

Best-in-class selection and exclusions to promote ESG characteristics

Fund Prices

As of 15/08/2022
Total Fund Size (USD million)234.96
Net Asset Value per Share (USD)22.62
Daily Change (%)0%

Peformance Chart

Cumulative

Fund NAVBenchmark
1 Month8.33%10.85%
3 Months9.12%10.01%
6 Months-4.11%-1.83%
YTD-7.07%-4.36%
1 Year-0.75%2.35%
3 Years48.62%53.28%
5 Years40.24%53.58%
Since Inception126.20%90.38%

Calendar Year Return %

Fund NAVBenchmark
202130.79%26.66%
202011.00%15.90%
201910.63%7.58%
2018-14.12%-7.30%
201741.57%38.76%
2016-0.40%-1.43%
2015-0.24%-6.12%
201434.12%23.87%
2013-2.50%-3.83%
201228.04%25.97%
2011-25.10%-29.41%

Where no past performance is shown there was insufficient data available to provide performance.

Compositions

As of 30/06/2022
NameFundBenchmarkWeights
Fund
Benchmark
India97.3%100.0%
Cash2.7%0.0%
Compositions are subject to change.
NameFund (%)
Infosys Limited9.6%
ICICI Bank Limited6.2%
HDFC Bank Limited5%
Mahindra & Mahindra Ltd.4.9%
Reliance Industries Limited4.9%
Housing Development Finance Corporation Limited4.4%
Bharti Airtel Limited4.1%
HCL Technologies Limited3.1%
Fortis Healthcare Ltd.3%
Tata Consumer Products Limited2.9%
Holdings are subject to change.

Fund Managers

Lead Portfolio Manager

Rahul Chadha

Chief Investment Officer

Co-Portfolio Manager

Saniel Chandrawat

Senior Investment Analyst (Health Care, Energy, Utilities)

Key Facts

BenchmarkMSCI India Index
Fund StructureLuxembourg SICAV with an UCITS status
Morningstar Category TMIndia Equity
ISIN CodeLU0336297295
Bloomberg TickerMAISLEA LX
Currency of the Share ClassUSD
Other Dealing CurrenciesEUR, GBP
Fund Launch Date02/03/2011
Share Class Launch Date02/03/2011
ValuationDaily

Subscription Details

Management Fee1.5% p.a.
Min Initial InvestmentUSD 2,500
Min Subsequent InvestmentNone

Source: FactSet, Bloomberg and Mirae Asset Global Investment (Hong Kong) Limited.

All performance numbers are net of fees, NAV to NAV, in USD, and with dividends reinvested.

Fund: The fund inception date was on 2 March 2011 whilst Class A (USD) was launched on 2 March 2011.

The calendar year return % show by how much the Fund increased or decreased in value during the calendar year being shown. Where no past performance is shown there was insufficient data available in that year to provide performance.

Benchmark: MSCI India Index. The benchmark is a gross return index that includes reinvestment of dividends/income.

© 2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar Rating as of 30 Jun 2022.

Certain information contained in this page is compiled from third party sources. Whilst Mirae Asset Global Investments (Hong Kong) Limited (“Mirae Asset HK”) has, to the best of its endeavor, ensured that such information is accurate, complete and up-to-date, and has taken care in accurately reproducing the information, it shall have no responsibility or liability what so ever for the accuracy of such information or any use or reliance thereof. Mirae Asset HK accepts no liability for any loss or damage of any kind resulting out of the unauthorised use of this page. The information contained in this page is for information purposes only and does not constitute any recommendation, offer or solicitation to buy, sell or subscribe to any securities or financial instruments in any jurisdiction.

Mirae Asset Sustainable India Sector Leader Equity Fund is a sub fund of Mirae Asset Global Discovery Fund (Company), a Luxembourg SICAV. Investment involves risk. It cannot be guaranteed that the performance of the Fund will generate a return and there may be circumstances where no return is generated or the amount invested is lost. Past performance is not indicative of future performance. Before making any investment decision to invest in the Fund, investors should read the Prospectus and the Information for Hong Kong Investors for details and the risk factors. Investors should ensure they fully understand the risks associated with the Fund and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investments. References to particular sectors, securities or companies are for general information and illustrative purposes only and are not recommendations to buy or sell a security or an indication of Mirae Asset HK’s holdings at any one time.

This page is issued by Mirae Asset HK and has not been reviewed by the Securities and Futures Commission.

ADDRESS

  • Unit 1101, 11/F, Lee Garden Three, 1 Sunning Road, Hong Kong

TEL

  • 2295 1500

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