Mirae Asset Mutual Fund

Annual Report 2016-17 (Abridged)

Board of Directors Asset Management Company:
Mirae Asset Trustee Company Private Limited Mirae Asset Global Investments (India)
Private Limited (‘the AMC’)
Mr. V. B. Haribhakti Chairman (Independent) Registered & Corporate Office:
Unit No. 606, Windsor Building,
Mr. S. T. Gerela Director (Independent) Off. C.S.T. Road, Kalina, Santacruz (East) ,
Mr. K. Ramasubramanian Director (Independent) Mumbai - 400 098.
CIN: U65993MH2006FTC165663
Mr. M. L. Soneji Director (Independent)

Custodian:
M/s. Deutsche Bank AG
Mirae Asset Global Investments (India)
Block 1, Nirlon Knowledge Park,
Private Limited
Off Western Express Highway,
Mr. B. N. Chakraborty Director (Independent) Goregaon (East) , Mumbai - 400 063, India.

Mr. Yogesh Chadha Director (Independent)

Statutory Auditor:
Mr. Swarup Mohanty Director & CEO (Associate)
Chokshi & Chokshi
Mr. Junyoung Hong Director (Associate) 15/17, Raghavji ‘B’ Bldg.,
Gowalia Tank, Off. Kemps Corner,
Mumbai - 400 036.

Sponsor:
Mirae Asset Global Investments Company Limited Registrar & Transfer Agent:
Registered office: Karvy Computershare Private Limited
East Tower 18F, Karvy Selenium, Tower-B, Plot No. 31 & 32,
Mirae Asset CENTER 1, Financial District, Nankramguda,
67 Suha-dong, Jung-gu, Serilingampally Mandal, Ranga Reddy District,
Seoul, KOREA 100-210 Hyderabad - 500 032, India.

Trustee:
Mirae Asset Trustee Company Private Limited
Registered Office: Unit No.606, Windsor Building, Off. C.S.T. Road, Kalina, Santacruz (East) , Mumbai - 400 098
CIN: U65191MH2007FTC170231

THE AMC BRANCH OFFICES:

OFFICIAL POINT OF ACCEPTANCE OF TRANSACTIONS (OPAT): l Ahmedabad - 201, 2nd Floor, Abhijeet-I, Mithakhali Circle, Near HDFC Bank,
Ahmedabad - 380 009. Tel-079-44227777. l Bangalore - Unit Nos. 308, 2nd Floor, Prestige Meridian-II, No.30, M.G. Road, Bangalore - 560 001. Tel-080-44227777.
l Chandigarh - SCO 333-334, F. F. Sector 35-B, Chandigarh - 160 031. Tel. 98780 03820 / 0172-5030688. l Chennai - Premises No. 206, Challa Mall, 11-
11A, Sir Theyagaraya Road, T. Nagar, Chennai - 600 017. Tel-044-44227777. l Jaipur-322, Ganpati Plaza, M I Road, Jaipur - 302 001.Tel: 9828866622.
l Kanpur - 1st Floor, Shop No.111, KAN Chambers, 14/113, Civil Lines, Kanpur, Uttar Pradesh - 208001. Tel-0512-6510007.l Kolkata-Krishna Building, Room
No.510, 5th Floor, 224 A J C Bose Road, Beck Bagan Junction, Kolkata - 700017. Tel-033-44227777. l Mumbai (Corporate Office) - Unit No. 606, 6th Floor,
Windsor Bldg., Off. CST Road, Kalina, Santacruz (E), Mumbai - 400 098. Tel-022-67800300. l New Delhi-Office No.1010, 10th Floor, Indraprakash Building,
21 Barakhamaba Road, Connaught Place, New Delhi - 110001. Tel-011-44227777. l Pune-74, 4th Floor, Sreenath Plaza, Dnyaneshwar Paduka Chowk,
F C Road, Shivaji Nagar, Pune - 411005. Tel-020-40177300. l Secunderabad - No. 208, Legend Crystal Building, 2nd Floor, P.G. Road, Secunderabad - 500 003.
NON OPAT BRANCHES: l Lucknow - Office No. 308, 3rd Floor, Saran Chamber-II, 5, Park Road, Lucknow - 226 001. l Bhubaneswar - Office No. 202,
2nd Floor, Janpath Tower, Ashok Nagar, Bhubaneswar - 751 009. Tel-9778673901
Dear Investor,

Mirae Asset Mutual Fund has completed more than 9 years of fund management in India and is now establishing a stronger foothold in the
Indian Mutual Fund Industry. I am happy to share that your AMC’s AUM has crossed the important threshold of INR 10,000 crores (on 5th
July 2017) – a growth of close to 50% in this calendar year and more than tripling of AUM from ~ 3,440 crores in March’16. Your AMC has
witnessed a significant surge in the number of new clients with the investor folios crossing 500,000 (with close to 250,000 SIP investors).
The monthly SIP flows have also grown from ~Rs. 29 crores in March’16 to ~ Rs. 115 crores in May’17. This shows we are gaining trust
of our investors.

In the financial year 2016-2017, your AMC launched 1 debt fund; Mirae Asset Dynamic Bond Fund (an open ended income scheme). This
will help enhance our fixed income offering and provide investors a suitable product to ride the interest rate volatility. We believe this is a
suitable product for long term debt investors. Your AMC had also changed the fundamental attributes of Mirae Asset Prudence Fund to
include investments into REITs and InVITs, which will provide you more investment options. In an important decision your AMC stopped
subscription for its flagship midcap fund – Mirae Asset Emerging Bluechip Fund, to protect the interest of existing investors and showcasing
to the industry that your Mutual Fund would like to place investor’s investment experience ahead of asset gathering.

We have enhanced our online transaction through the website to make it user friendly and provide ease of navigation. We are now offering
Online SIP registration (through Mirae Asset I-SIP), E-KYC from which first time investors can also transact in Mutual Funds. First time
Investors can also transact online on our website. Investors can update their contact details, check unclaimed dividend and redemption
status and to provide transparency we have updated AMC remuneration policy online. We continue to update our investors on our funds,
markets and important events through the website and emails and also share insightful articles on investor education through our Mirae
Asset Knowledge Academy.

We are committed to follow our Core Value of “Client First”. The fund house continues its endeavor to generate risk adjusted performance
for its investors. The growth in assets has been driven by the fund performance displayed by its equity schemes. Our flagship equity
scheme, Mirae Asset India Opportunities Fund has outperformed its benchmark S&P BSE 200 by close to 6% while Mirae Asset Emerging
Bluechip Fund outpaced its benchmark CNX Midcap by close to 6% during the same period (June 30, 2016 – June 30, 2017). Our new
equity offerings Mirae Asset Prudence Fund has beaten the benchmark by 5.5%, while Mirae Asset Tax Saver Fund has outperformed its
benchmark by 17%. For detailed performance and product riskometer, please visit our website – www.miraeasset.co.in

The Fund house also declared dividends under its various equity schemes as highlighted below. It was the 7th consecutive dividend in
Mirae Asset India Opportunities Fund (financial year wise):
Scheme Name Dividend Amount per unit (Rs.) Record Date
Mirae Asset India Opportunities Fund 1.5 July 26, 2016
Mirae Asset Emerging Bluechip Fund 2.0 July 20, 2016
Mirae Asset Prudence Fund 0.20 & 0.25 January 17, 2017 & April 17, 2017
Mirae Asset Tax Saver Fund 0.55 March 23, 2017
Mirae Asset Great Consumer Fund 2.0 March 22, 2017
Past Performance is no guarantee of future results.

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 risk adjusted returns to our investors.

We would like to thank you for investing in our funds and wish you very happy investing in the future.

Thanking you,

Swarup Mohanty
CEO - Mirae Asset Global Investments (India) Pvt. Ltd.
 TRUSTEE REPORT OF
MIRAE ASSET MUTUAL FUND FOR THE YEAR ENDED MARCH 31, 2017

Dear Unit holder,

The Trustee Company presents its Tenth report and the audited financial statements of the Schemes of Mirae Asset Mutual Fund (the "Fund") , for the year
ended March 31, 2017.

MIRAE ASSET MUTUAL FUND

Mirae Asset Mutual Fund has completed more than 9 years of fund management in India and is now establishing a stronger foothold in the Indian Mutual
Fund Industry.
Mirae Asset Mutual Fund’s AUM has crossed the important threshold of INR 10,000 crores (on 5th July 2017) - a growth of close to 50% in this calendar year
and more than tripling of AUM from Rs.3,440 crores in March 2016. Mirae Asset is one of the fastest growing AMCs in India based on the rate of AUM growth
and even industry participants are recognizing the same. The journey over the last 4 years has been even more impressive with 20 times growth in AUM
(AUM was Rs.500 crores on 31st July, 2013) .
In the financial year 2016-2017, Mirae Asset Global Investments (India) Pvt. Ltd (‘the AMC’) has launched 1 debt fund named Mirae Asset Dynamic Bond Fund
(an open ended income scheme) . This will help enhance its fixed income offering and fill the gaps in product basket for the AMC and provide more investment
options for partners and investors. The AMC had also changed the fundamental attributes of Mirae Asset Prudence Fund to include investments into REITs
and InVITs, which will provide more investment options.
We are happy to share that the AMC has witnessed a significant surge in the number of new clients with the investor folios crossing 500,000 (with close to 250,000
SIP investors) . The SIP flows have also grown significantly and have grown from Rs.29 crores in March’16 to monthly inflows of -Rs. 115 crores in May’17.
As of June 30, 2017,the AMC manages 9 schemes of Mirae Asset Mutual Fund. The break-up of the schemes are 5 open-ended equity schemes
including 1 ELSS, 1 open-ended fund of funds scheme and 3 open-ended liquid/ debt schemes.
As we embark our journey into the new fiscal, we aim at a high octane year of growth through a combination of unique products and reasonable 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 risk adjusted returns to our investors.

SCHEME PERFORMANCE, FUTURE OUTLOOK AND OPERATIONS OF THE SCHEMES

1. PERFORMANCE AND OPERATIONS OF THE SCHEMES.

(I) MIRAE ASSET INDIA OPPORTUNITIES FUND (MAIOF), an open ended equity oriented scheme
The performance of Mirae Asset India Opportunities Fund as on March 31, 2017 is as follows:-
Particulars Regular Plan - Growth option Direct Plan - Growth option
Scheme returns Scheme returns
Compounded Annualised Growth Returns (CAGR) S&P BSE 200 S&P BSE 200
(%) (%)
Since Inception 16.63% 8.61% 20.42% 12.22%
Last 1 year 28.32% 22.47% 29.30% 22.47%
Last 3 years 21.81% 14.17% 22.83% 14.17%
Last 5 years 19.76% 13.08% - -
NAV as on 31/03/2017 39.891 - 41.421 -
Since Inception date of the Scheme: April 04, 2008; Direct Plan was introduce on January 01, 2013
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. The returns shown above are compounded annualised growth returns (CAGR) and are calculated on Rs.10/- invested at inception.
For Regular Plan - Growth Option and Direct Plan - Growth Option, the Scheme has always outperformed the benchmark returns over 1 year, 3
years, 5 years and since inception returns. The Scheme had outperformed its benchmark on 1 year basis majorly due to better Stock picking in Auto,
Petroleum Products and Industrial Manufacturing. Also, the performance over 5 years and since inception continues to be healthy.
The details of the NAV and dividend declared by the fund during the financial year 2016-17 are as follows:

NAV per unit Dividend Per Unit (Rs.)

Scheme Description
March 31, 2017 INDIVIDUAL NON INDIVIDUAL
Mirae Asset India Opportunities Fund - Regular - Dividend Plan 18.769 1.5000 1.5000
Mirae Asset India Opportunities Fund - Regular - Growth Plan 39.891 NA NA
Mirae Asset India Opportunities Fund - Direct - Dividend Plan 30.844 NIL NIL
Mirae Asset India Opportunities Fund - Direct - Growth Plan 41.421 NA NA
NA - Not Applicable
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. 3,409.78 Crores as at March 31, 2017 as against Rs. 1,645.51 Crores as at
March 31, 2016 and out of the total net assets as on March 31, 2017, 96.18 % was invested in equity shares and balance in CBLO and Others.
The Scheme has flexibility to invest between 65% to 100% of its net asset in Indian Equities and Equity Related Securities and upto 35% of its net
assets in Money market instruments/debt securities Instruments (Including upto 25% of corpus in securitized debt) . The exact mix of equity and debt
is a function of equity market valuation and outlook, interest rates and the outlook for the same.

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 (II) MIRAE ASSET EMERGING BLUECHIP FUND (MAEBF), an open ended equity fund
The performance of Mirae Asset Emerging Bluechip Fund as on March 31, 2017 is as follows:-
Particulars Regular Plan - Growth option Direct Plan - Growth option
Scheme returns Nifty Free Float Scheme returns Nifty Free Float
Compounded Annualised Growth Returns (CAGR)
(%) Midcap 100 (%) Midcap 100
Since Inception 24.00% 11.43% 31.13% 17.72%
Last 1 year 42.93% 34.85% 44.05% 34.85%
Last 3 years 35.30% 25.90% 36.53% 25.90%
Last 5 years 29.72% 17.38% - -
NAV as on 31/03/2017 42.549 44.311
Since Inception date of the Scheme: July 09, 2010; Direct Plan was introduce on January 01, 2013
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. The returns shown above are compounded annualised growth returns (CAGR) and are calculated on Rs.10/- invested at inception.
For Regular Plan - Growth Option and Direct Plan - Growth Option, the Scheme has always outperformed the benchmark returns over 1 year, 3 years,
5 years and since inception returns. The Scheme had outperformed its benchmark on 1 year basis majorly due to better Stock picking in Industrial
Manufacturing, Chemicals & Consumer Durables Sector. Also the performance since inception continues to be healthy.
The details of the NAV and dividend declared by the fund during the financial year 2016-17 are as follows:
NAV per unit Dividend Per Unit (Rs.)
Scheme Description
March 31, 2017 INDIVIDUAL NON INDIVIDUAL
Mirae Asset Emerging Bluechip Fund - Regular - Dividend Option 27.787 2.0000 2.0000
Mirae Asset Emerging Bluechip Fund - Regular - Growth Option 42.549 NA NA
Mirae Asset Emerging Bluechip Fund - Direct - Dividend Option 40.409 NIL NIL
Mirae Asset Emerging Bluechip Fund - Direct - Growth Option 44.311 NA NA
NA - Not Applicable
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. 3,531.76 Crores as at March 31, 2017 as against Rs. 1,320.70 Crores as at
March 31, 2016 and out of the total net assets as on March 31, 2017, 95.45% of the net assets were invested in equity shares, 0.28% in MF Units
and balance in CBLO and others.
The Scheme has flexibility to invest between 65% to 100% of its net asset 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; upto 35%
of its net assets in Other Indian Equities and Equity Related Securities and/or; upto 35% of its net asset in Money market instruments (including
CBLO) /debt securities Instruments (Including upto 20% of corpus in securitized debt) . The exact mix of equity and debt is a function of equity market
valuation and outlook, interest rates and the outlook for the same.

(III) MIRAE ASSET PRUDENCE FUND (MAPF), an open-ended equity oriented asset allocation scheme
The performance of Mirae Asset Prudence Fund as on March 31, 2017 is as follows:-
Particulars Regular Plan - Growth option Direct Plan - Growth option
Scheme returns CRISIL Balanced Scheme returns CRISIL Balanced
Compounded Annualised Growth Returns (CAGR)
(%) Fund Index (%) Fund Index
Since Inception 11.66% 7.54% 13.78% 7.54%
Last 1 year 22.99% 16.10% 25.64% 16.10%
NAV as on 31/03/2017 12.027 - 12.413 -
Since Inception date of the Scheme: July 29, 2015
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. The returns shown above are compounded annualised growth returns (CAGR) and are calculated on Rs.10/- invested at inception.
For Regular Plan - Growth Option and Direct Plan - Growth Option, the Scheme has outperformed the benchmark since inception as well as in the
last one year. The Scheme had outperformed its benchmark majorly due to better Stock picking in Pharma, IT and Minerals/Mining.
The details of the NAV and dividend declared by the fund during the financial year 2016-17 are as follows:
NAV per unit Dividend Per Unit (Rs.)
Scheme Description
March 31, 2017 INDIVIDUAL NON INDIVIDUAL
Mirae Asset Prudence Fund - Regular - Dividend Option 11.811 0.20 0.20
Mirae Asset Prudence Fund - Regular - Growth Option 12.027 NA NA
Mirae Asset Prudence Fund - Direct - Dividend Option 12.167 0.20 0.20
Mirae Asset Prudence Fund - Direct - Growth Option 12.413 NA NA
NA - Not Applicable.
The fund investment philosophy is to invest in Equity & Equity related instruments for growth and Debt and Money market instruments for stability,
the asset allocation between Equity and Debt will be function of Valuation, Earnings Growth and Interest Rate Outlook. 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 fund
shall also focus on top down approach for taking interest rate view and sector allocation view. The investment strategy is focused on high quality
businesses, which can withstand current domestic and global headwinds.

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 The net assets of Mirae Asset Prudence Fund stood at Rs. 459.58 Crores as at March 31, 2017 as against Rs. 192.04 Crores as at March 31, 2016
and out of the total net assets as on March 31, 2017, 73.28 % was invested in equity shares, 26.72% in Debt and Money market instruments and
balance in CBLO.
The Scheme has flexibility to invest between 65% to 80% of its net asset in Equities and Equity Related Securities of the top 100 companies by
market capitalization, wherein upto 15% shall be invested in companies not amongst the top 100 companies by market capitalization; and between
20% to 35% of its net asset shall be invested in Debt & Money Market Instruments. The exact mix of equity and debt is a function of equity market
valuation and outlook, interest rates and the outlook for the same.

(IV) MIRAE ASSET TAX SAVER FUND (MATSF), open ended equity linked saving scheme with a 3 year lock-in period
The performance of Mirae Asset Tax Saver Fund as on March 31, 2017 is as follows:-
Particulars Regular Plan - Growth option Direct Plan - Growth option
Scheme returns Scheme returns
Compounded Annualised Growth Returns (CAGR) S&PBSE 200 S&PBSE 200
(%) (%)
Since Inception 26.53% 14.60% 28.49% 14.60%
Last 1 year 38.29% 22.47% 40.39% 22.47%
NAV as on 31/03/2017 13.443 - 13.706 -
Since Inception date of the Scheme: December 28, 2015
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. The returns shown above are compounded annualised growth returns (CAGR) and are calculated on Rs.10/- invested at inception.
For Regular Plan - Growth Option and Direct Plan - Growth Option, the Scheme has outperformed the benchmark returns since inception as well
as in the last one year. The Scheme had outperformed its benchmark on majorly due to better Stock picking in Pharmaceuticals, Auto and Minerals/
Mining sector.
The details of the NAV and dividend declared by the fund during the financial year 2016-17 are as follows:
NAV per unit Dividend Per Unit (Rs.)
Scheme Description
March 31, 2017 INDIVIDUAL NON INDIVIDUAL
Mirae Asset Tax Saver Fund - Regular Plan - Growth Option 13.443 NA NA
Mirae Asset Tax Saver Fund - Regular Plan - Dividend Option 12.884 0.55 0.55
Mirae Asset Tax Saver Fund - Direct Plan - Growth Option 13.138 NA NA
Mirae Asset Tax Saver Fund - Direct Plan - Dividend Option 13.706 0.55 0.55
NA - Not Applicable
The fund investment philosophy is to invest in equity shares, the focus would be to build a diversified portfolio of strong growth companies, reflecting
most attractive investment ideas, at all points of time. The Fund may not have any bias towards particular theme or style in picking investment
opportunities. The Fund will invest in companies that benefit from macroeconomic, industry and sectoral trends (Top down Theme Overlay) after
doing bottom up analysis and due diligence, quality of management in terms of corporate governance and commitment to minority shareholders etc.
The net assets of Mirae Asset Tax Saver Fund stood at Rs. 322.12 Crores as on March 31, 2017 as against Rs. 46.40 Crores as at March 31, 2016
and out of the total net assets as on March 31, 2017, 89.08 % was invested in equity shares and balance in CBLO and others.
The Scheme has flexibility to invest between 80% to 100% of its net asset in Equities and Equity Related Securities and upto 20% of its net assets
in Debt Instruments, Money Market Instruments, G-Secs, Cash, CBLO, Reverse Repo, etc. The exact mix of equity and debt is a function of equity
market valuation and outlook, interest rates and the outlook for the same.

(V) MIRAE ASSET GREAT CONSUMER FUND (MAGCF), an open ended equity oriented scheme
The performance of Mirae Asset Great Consumer Fund as on March 31, 2017 is as follows:-
Particulars Regular Plan - Growth option Direct Plan - Growth option
S&P BSE 200 (65%) & S&P S&P BSE 200 (65%) & S&P
Scheme Scheme
Compounded Annualised Growth Returns (CAGR) Asia Pacific Emerging BMI Asia Pacific Emerging BMI
returns (%) returns (%)
(35%) Index (35%) Index
Since Inception 16.95% 14.94% 17.76% 13.03%
Last 1 year 25.25% 21.02% 26.93% 21.02%
Last 3 years 18.47% 12.95% 19.99% 12.95%
Last 5 years 18.47% 15.11% - -
NAV as on 31/03/2017 25.624 26.970
Inception date of the Scheme: March 29, 2011; Direct Plan was introduce on January 01, 2013
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. The returns shown above are compounded annualised growth returns (CAGR) and are calculated on Rs.10/- invested at inception.
For Regular Plan - Growth Option and Direct Plan - Growth Option, the Scheme has outperformed the benchmark returns over 1 year, 3 years,
5 years and since inception returns. The out-performance is majorly due to being overweight in Indian Stocks and stock selection among Indian stocks.
The details of the NAV and dividend declared by the fund during the financial year 2016-17 are as follows:
NAV per unit March Dividend Per Unit (Rs.)
Scheme Description
31, 2017 INDIVIDUAL NON INDIVIDUAL
Mirae Asset Great Consumer Fund- Regular - Dividend Option 14.756 2.00 2.00
Mirae Asset Great Consumer Fund- Regular - Growth Option 25.624 NA NA
Mirae Asset Great Consumer Fund- Direct - Dividend Option 26.814 NIL NIL
Mirae Asset Great Consumer Fund- Direct - Growth Option 26.970 NA NA
NA - Not Applicable

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 The fund philosophy is to capitalize on long term secular theme related to consumption trend in India and across Asia Pacific region. The focus has
been on secular and scalable businesses which would benefit from changing demographics, rising aspiration and other consumption related themes.
The net assets of Mirae Asset Great Consumer Fund stood at Rs.62.44 Crores as at March 31, 2017 as against Rs. 39.10 Crores as at March 31,
2016 and out of the total net assets as on March 31, 2017, 75.46% of the net assets were invested in equity shares, 26.13% in the underlying mutual
fund and balance in CBLO.
The Scheme has flexibility to invest between 65% to 80% of its net asset in Indian Equities and Equity Related Securities of companies that are
likely to benefit either directly or indirectly from consumption led demand; upto 20% to 35% of its net assets shall be invested in Units of Mirae Asset
Asia Great Consumer Equity Fund (the underlying fund) , and/or in other mutual funds having similar objectives, strategies and attributes of the
said underlying fund as well as equities and equity related securities of companies in Asia Pacific region which are expected to benefit from growing
consumption activities and; upto 15% of its net asset in Money market instruments (including CBLO) /debt securities Instruments and/or units of debt/
liquid schemes of domestic Mutual Funds. The exact mix of equity and debt is a function of equity market valuation and outlook, interest rates and
the outlook for the same.

(VI) MIRAE ASSET CHINA ADVANTAGE FUND (MACAF), an open ended fund of funds scheme
The performance of Mirae Asset China Advantage Fund as on March 31, 2017 is as follows:-
Particulars Regular Plan - Growth option Direct Plan - Growth option
Scheme returns MSCI China Scheme returns MSCI China
Compounded Annualised Growth Returns (CAGR)
(%) (in INR Terms) (%) (in INR Terms)
Since Inception 5.20% 5.05% 5.50% 5.29%
Last 1 year 11.74% 14.35% 12.69% 14.35%
Last 3 years 3.97% 6.34% 4.83% 6.43%
Last 5 years 7.44% 7.66% - -
NAV as on 31/03/2017 14.558 - 15.033 -
Since Inception date of the Scheme: November 5, 2009; Direct Plan was introduce on January 01, 2013
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. The returns shown above are compounded annualised growth returns (CAGR) and are calculated on Rs.10/- invested at inception.
For Regular Plan - Growth Option and Direct Plan - Growth Option, the Scheme has outperformed the benchmark since inception returns. However,
for 1 year, 3 years, and 5 years the Scheme has underperformed the benchmark. The Scheme had underperformed its benchmark due to bad
performance of the underlying scheme. However, the performance since inception continues to be healthy.
The details of the NAV and dividend declared by the fund during the financial year 2016-17 are as follows:
Scheme Description NAV per unit Dividend Per Unit (Rs.)
March 31, 2017 INDIVIDUAL NON INDIVIDUAL
Mirae Asset China Advantage Fund - Regular - Dividend Option 14.558 NIL NIL
Mirae Asset China Advantage Fund - Regular - Growth Option 14.558 NA NA
Mirae Asset China Advantage Fund - Direct - Dividend Option 14.652 NIL NIL
Mirae Asset China Advantage Fund - Direct - Growth Option 15.033 NA NA
NA - Not Applicable
The fund gives investors an opportunity to invest in China companies, through the underlying fund, 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.7.58 Crores as at March 31, 2017 as against Rs.10.11 Crores as at March 31,
2016 and out of the total net assets as on March 31, 2017, 86.22% of the net assets were invested in the underlying fund and balance in CBLO and
others.
The Scheme has flexibility to invest between 80% to 100% of its net asset in Units of Mirae Asset China Sector Leader Equity Fund and/or units of
other mutual fund schemes, units of ETFs investing in equities and equity related securities of companies domiciled in or having their area of primary
activity in China and Hong Kong; and upto 0% to 20% in Money market instruments/debt securities Instruments and/or units of debt/liquid schemes
of domestic Mutual Funds.

(VII) MIRAE ASSET CASH MANAGEMENT FUND (MACMF), an open ended liquid fund
The performance of Mirae Asset Cash Management Fund as on March 31, 2017 is as follows:-
Particulars Regular Plan - Growth option Direct Plan - Growth option
Scheme returns CRISIL Liquid Scheme returns CRISIL Liquid
Compounded Annualised Growth Returns (CAGR)
(%) Fund Index (%) Fund Index
Since Inception 6.67% 7.52% 8.12% 8.38%
Last 1 year 6.93% 7.11% 7.05% 7.11%
Last 3 years 7.71% 8.04% 7.98% 8.04%
Last 5 years 7.86% 8.36% - -
NAV as on 31/03/2017 1700.1943 - 1715.9762 -
Since Inception date of the Scheme: January 12, 2009; Direct Plan was introduce on January 01, 2013
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. The returns shown above are compounded annualised growth returns (CAGR) and are calculated on Rs.10/- invested at inception.
For Regular Plan - Growth Option and Direct Plan - Growth Option, the Scheme has marginally underperformed the benchmark over 1 year, 3 years,
5 years and since inception returns. The Scheme underperformed its benchmark due to Underweight on high yielding Commercial Papers and
Overweight on Certificate of Deposits, however the fund’s credit quality is better than the benchmark.

6
 The scheme is meant for investors to deploy their funds for a short period of time. The intention is to offer superior returns at lower level of risk while
maintaining the liquidity profile.
The details of the NAV and dividend declared by the fund during the financial year 2016-17 are as follows:
Scheme Description NAV per unit Dividend Per Unit (Rs.)
March 31, 2017 INDIVIDUAL NON INDIVIDUAL
Mirae Asset Cash Management Fund - Regular - Daily Dividend Plan 1064.3792 25.7071 23.8171
Mirae Asset Cash Management Fund - Regular - Weekly Dividend Plan 1150.8026 27.5974 25.5684
Mirae Asset Cash Management Fund - Regular - Monthly Dividend 1151.5920 27.7196 25.6817
Mirae Asset Cash Management Fund - Regular - Growth 1700.1943 NA NA
Mirae Asset Cash Management Fund - Direct - Daily Dividend 1073.7396 26.4496 24.5050
Mirae Asset Cash Management Fund - Direct - Growth 1715.9762 NA NA
Mirae Asset Cash Management Fund - Direct - Weekly Dividend 1211.9824 27.9401 25.8860
Mirae Asset Cash Management Fund - Direct - Direct Monthly Dividend 1093.5821 NIL NIL
NA - Not Applicable
The net assets of Mirae Asset Cash Management Fund stood at Rs. 245.65 Crores as at March 31, 2017 as against Rs. 97.70 Crores as at March
31, 2016 and out of the total net assets as on March 31, 2017, 96.28 % of the net assets were invested in money market instruments and balance
in CBLO and others.
The Scheme has flexibility to invest between 20% to 100% of its net asset Money Market Instruments (including Cash, Reverse Repo, CBLO) MIBOR
& MIBOR linked instruments; and upto 0% to 80% in Debt Instruments with residual maturity and repricing tenor upto 91 days.

(VIII) MIRAE ASSET SAVINGS FUND (MASF), an open ended debt fund
The performance of Mirae Asset Savings Fund as on March 31, 2017 is as follows:-
Particulars Regular Plan - Growth option Direct Plan - Growth option
Scheme returns CRISIL Liquid Scheme returns CRISIL Liquid
Compounded Annualised Growth Returns (CAGR)
(%) Fund Index (%) Fund Index
Since Inception 8.21% 8.33% 7.55% 8.33%
Last 1 year 7.60% 7.11% 6.77% 7.11%
Last 3 years 8.01% 8.04% 8.04% 8.04%
NAV as on 31/03/2017 1,460.6978 - 1,414.7143 -
Since Inception date of the Scheme: March 05, 2008; Direct Plan was introduce on January 01, 2013
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. The returns shown above are compounded annualised growth returns (CAGR) and are calculated on Rs.10/- invested at inception.
For Regular Plan - Growth Option and Direct Plan - Growth Option, the Scheme has marginally underperformed the benchmark over 1 year, 3 years,
5 years and since inception returns. The Scheme underperformed its benchmark in the 1 year period as it had lower average maturity and due to
Underweight on high yielding Commercial Papers and Overweight on Certificate of Deposits, however the fund’s credit quality is better than the
benchmark.
The scheme is meant for investors to deploy their funds for a short period of time. The fund will be managed according to the investment objective,
thereby seeking to generate reasonable returns commensurate with low risk. The scheme will invest in money market and other debt securities and
shall maintain high liquidity for the purpose of meeting the liquidity requirements of the investors.
The details of the NAV and dividend declared by the fund during the financial year 2016-17 are as follows:

NAV per unit Dividend Per Unit (Rs.)

Scheme Description
March 31, 2017 INDIVIDUAL NON INDIVIDUAL
Mirae Asset Savings Fund - Regular Savings - Growth Option 1677.4834 NA NA
Mirae Asset Savings Fund - Regular Savings - Dividend Plan (Quarterly) 1053.3825 24.8820 23.0527
Mirae Asset Savings Fund - Regular Savings - Monthly Dividend 1602.7589 NIL NIL
Mirae Asset Savings Fund - Regular Savings - Weekly Dividend 1599.3204 24.81 22.99
Mirae Asset Savings Fund - Regular Savings - Daily Dividend 1599.1996 23.17 21.46
Mirae Asset Savings Fund - Direct - Growth 1460.6978 NA NA
Mirae Asset Savings Fund - Direct - Quarterly Dividend 1078.3652 27.13 25.13
Mirae Asset Savings Fund - Direct - Daily Dividend 1222.4399 29.67 27.49
Mirae Asset Savings Fund - Direct - Weekly Dividend 1414.4750 NIL NIL
Mirae Asset Savings Fund - Direct - Monthly Dividend 1127.3938 24.35 22.56
NA - Not Applicable
The net assets of Mirae Asset Savings Fund stood at Rs. 242.45 Crores as at March 31, 2017 as against Rs. 89.74 Crores as at March 31, 2016 and
out of the total net assets as on March 31, 2017, 55.36% of the net assets were invested in money market instruments, 35.46% in Bonds and rest in
CBLO and others.
The Scheme has flexibility to invest between 50% to 100% of its net asset in Money Market Instruments and Debt Instruments with residual maturity
and repricing tenor not exceeding 1 year; and upto 50% in Debt Instruments with residual maturity and repricing tenor exceeding 1 year* (including
Securitized Debt upto 50% of net assets).

7
 (IX) MIRAE ASSET DYNAMIC BOND FUND (MADBF), an Open-ended Income Scheme
Mirae Asset Dynamic Bond Fund (MADBF) , an Open-ended Income Scheme, was launched by the AMC on March 24, 2017.
Since the Scheme has not completed one year as on March 31, 2017, performance of the Scheme is not given.
The scheme is meant for investors to deploy their funds for a short period of time. The fund will be managed according to the investment objective,
thereby seeking to generate optimal returns through active management of portfolio of debt and money market instruments. The scheme will invest
in money market and other debt securities.
The details of the NAV and dividend declared by the fund during the financial year 2016-17 are as follows:
NAV per unit Dividend Per Unit (Rs.)
Scheme Description
March 31, 2017 INDIVIDUAL NON INDIVIDUAL
Mirae Asset Dynamic Bond Fund - Regular Plan - Growth Option 10.0551 NA NA
Mirae Asset Dynamic Bond Fund - Regular Plan - Dividend Option 10.0551 NIL NIL
Mirae Asset Dynamic Bond Fund - Direct Plan - Dividend Option 10.0578 NIL NIL
Mirae Asset Dynamic Bond Fund - Direct Plan - Growth Option 10.0578 NA NA
NA - Not Applicable
The net assets of Mirae Asset Dynamic Bond Fund stood at Rs. 51.91 Crores as at March 31, 2017 and out of the total net assets as on March 31,
2017, 49.57% of the net assets were invested in CBLO, 11.42% in money market instruments, 38.67% in Bonds.
The Scheme has flexibility to invest between 0% to 100% of its net asset in Money Market Instruments and Debt Instruments.

2. FUTURE OUTLOOK
The Mutual Fund Industry has seen robust AUM growth over the last 3 years. Average Assets Under Management (AAUM) of Indian Mutual Fund Industry
for the month of May 2017 stood at Rs. 19.47 lakh crore. Assets Under Management (AUM) as on May 31, 2017 stood at Rs. 19.04 lakh crore. The AUM
of the Indian MF Industry has grown from Rs. 3.26 trillion as on 31st March 2007 to Rs. 19.04 trillion as on 31st May, 2017, about six-fold increase in a
span of 10 years. The MF Industry’s AUM has grown from Rs. 5.87 trillion as on 31st March, 2012 to Rs. 19.04 trillion as on 31st May, 2017, more than
three-fold increase in a span of 5 years. The total number of accounts (or folios as per mutual fund parlance) as on May 31, 2017 stood at 5.72 crore
(57.2 million) , while the number of folios under Equity, ELSS and Balanced schemes, wherein the maximum investment is from retail segment stood at
4.60 crore (46 million) . Indian Mutual Funds have currently about 1.40 crore (14 million) SIP accounts through which investors regularly invest in Indian
Mutual Fund schemes and the total amount collected through SIP during May 2017 was Rs. 4,584 crore. The AUM grew with strong flows witnessed in
Income Funds & Equity Funds (mainly from midcap funds and balanced funds) . AMFI has been carrying out a massive investor education campaign
called “Mutual Fund Sahi Hai”, this has caused huge visibility for Mutual Fund as a preferred investment product.
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 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 10,000 + 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. Both the flagship funds have
achieved important AUM milestones, which will make them qualified to be sold by many leading banks and wealth outfits, which may help in faster AUM
growth in the next financial year.
Mirae Asset Mutual Fund is working on leveraging its global presence to raise funds from foreign investors in Mirae Asset Schemes 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 a short period since inception has started making year on year operational
profits.
As we embark our journey into the new fiscal, we aim at a high octane year of growth through a combination of unique products and reasonable 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 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, for which we have redesigned the website of Mirae Asset Mutual Fund, to make it more user friendly,
ease to navigate and provides huge knowledge content on markets and financial 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. We have started a service wherein first time KYC complied Investors will be able to transact in our funds through our
website in a smooth manner. We have also started SIP registration online, which is providing ease of SIP registration to investors. To keep the investor
informed of his investments, we regularly send transaction updates to investors through email/mobile (based on the details filled at the time of account
opening) . As mandated by SEBI, we have started a facility where investors can check the Unclaimed Dividends and Redemption amounts by entering
their name, folio no and PAN Card. 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.
We are also working on numerous initiatives which will increase our communication with investors and provide them a strong customer satisfaction.
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 financial websites and national publications to explain financial terms in a simple
languages. We share newsletters and mailers to our investors on key financial terms, every week.

3. BRIEF BACKGROUND OF THE TRUST, SPONSORS, TRUSTEE AND ASSET MANAGEMENT COMPANY
i. Sponsors:
Mirae Asset Mutual Fund is sponsored by Mirae Asset Global Investments Co. Limited, a company incorporated in South Korea. 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

8
 Korea’s leading independent financial services provider. With Asset Management as its core activity, Mirae Asset is engaged in a broad range of
financial services including Investment Banking, Wealth Management and Life Insurance. Other significant activities of the group include Alternate
Investment including Private Equity, Venture Capital and Real Estate.
Mirae Asset introduced the concept of mutual funds to Korea. It is the largest asset manager in Korea and is the pioneer of Systematic Investment
Plan (known as Regular Savings Plan) in Korea and over the years has emerged as the undisputed leader in Korea.
Korea’s largest equity fund manager, Mirae Asset, is now a leading investor in Asian equities, with offices in USA, UK, Canada, China, Columbia,
Korea, Taiwan, Hong Kong, Australia, Vietnam, India, Brazil and rapidly expanding to other parts of the globe. With its strong foundation in Asia and
presence in major financial markets in this region, Mirae Asset has established a leadership position in the Asia Pacific region.
The Sponsor has entrusted a sum of Rs. 1,00,000/- to the Trustee as the initial contribution towards the corpus of the Mutual Fund.
The Sponsor holds 100% of the paid up equity capital of the AMC.

ii. Mirae Asset Mutual Fund (MAMF) :

Mirae Asset Mutual Fund (MAMF) was set up as a Trust by the Sponsor, Mirae Asset Global Investments Company Limited (MAGIC) on 11th October,
2007 with Mirae Asset Trustee Company Private Limited (the Trustee) as a Trustee in accordance with the provisions of the Indian Trust Act, 1882 (2
of 1882) and is duly registered under the Indian Registration Act, 1908. The Trustee has entered into an Investment Management Agreement dated
October 11, 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 vide Registration No. MF/055/07/03.

iii. Mirae Asset Trustee Company Private Limited:

Mirae Asset Trustee Company Private Limited (the Trustee) is the exclusive owner of the Trust Fund and holds the same in trust for the benefit of
the unitholders. The Trustee through its Board of Directors shall discharge its obligations as trustee of Mirae Asset Mutual Fund as provided in the
Regulations and the Trust Deed. The Trustees shall ensure that the transactions entered into by the AMC are in accordance with the SEBI Regulations
and will also review the activities carried on by the AMC.
Mirae Asset Trustee Company Private Limited is registered under the Companies Act, 1956 and was incorporated on April 23, 2007. The Sponsors
have executed a Trust Deed on October 11, 2007 appointing Mirae Asset Trustee Company Private Limited as Trustee of Mirae Asset Mutual Fund.
The Trustee seeks to ensure that MAMF and the Schemes floated thereunder are managed by the Mirae Asset Global Investments (India) Private
Limited 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, there has been no change in the equity shareholding pattern of Mirae Asset Trustee Company Private Limited. The
shareholding pattern of Mirae Asset Trustee Company Private Limited:
Paid-up capital in Number of shares
Sr.
Shareholder’s Name Rs. (Equity Shares (Equity Shares of % of Shareholding
No.
of Rs.10/- each) Rs.10/- each)
1 Mirae Asset Global Investments Co. Ltd. (MAGI) , Korea. (Sponsor) 99980 9998 99.98
2 Mr. Jisang Yoo (Nominee shareholder of MAGI) 10 1 0.01
3 Mr. Mi Seob Kim 10 1 0.01
TOTAL 100,000 10,000 100.00

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. Securities and Exchange Board
of India (Mutual Funds) Regulations, 1996 requires that the Board of Trustee Company shall comprise of two-thirds of the Directors who are not
associated in any manner with the Sponsors. However, none of the Directors on the Board of Mirae Asset Trustee Company Private Limited are
associated with the Sponsors of Mirae Asset Mutual Fund.

iv. Mirae Asset Global Investments (India) Private Limited:

Mirae Asset Global Investments (India) Private Limited, a company registered under the Companies Act, 1956 and having its registered office at
Unit 606, 6th Floor, Windsor, off CST Road, Kalina, Santacruz (E) , Mumbai - 400 098. 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. The AMC also provide non-binding Advisory services to group companies operating offshore funds domiciled in Korea and
Hongkong.

Share Capital:

During the year under review, there has been no change in the equity shareholding pattern of Mirae Asset Global Investments (India) Private Limited.
The shareholding pattern of the Mirae Asset Global Investments (India) Private Limited as on 31st March, 2017 is as follows:

Paid-up capital in Number of shares

Sr.
Shareholder’s Name Rs. (Equity Shares (Equity Shares of % of Shareholding
No.
of Rs.10/- each) Rs.10/- each)
1 Mirae Asset Global Investments Co. Ltd. (MAGI) , Korea. (Sponsor) 2,031,885,390 203,188,539 100.00
2 Mr. Jisang Yoo (Nominee shareholder of MAGI) 10 1 0.00&
TOTAL 2,031,885,400 203,188,540 100.00
&- less than 0.00%

9
 Change in Composition of Board Members:
During the year under review, there was no change in the composition of the Board of Directors of the AMC.
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 the 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.

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 Emerging Bluechip Fund:

The investment objective of the scheme is to generate income and capital appreciation from a diversified 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.

iii. Mirae Asset Prudence Fund:

The investment objective of the Scheme is to generate capital appreciation along with current income from a combined portfolio of equity & equity
related instruments and debt and money market instruments. The Scheme does not guarantee or assure any returns.

iv. Mirae Asset Tax Saver Fund:

The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity
related instruments. The Scheme does not guarantee or assure any returns.

v. Mirae Asset Great Consumer Fund:

The investment objective of the scheme is to generate long term capital appreciation by investing in a portfolio of companies/funds that are likely to
benefit either directly or indirectly from consumption led demand in India and across the Asia Pacific region. The Scheme does not guarantee or
assure any returns.

vi. 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.

vii. 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.

viii. Mirae Asset Savings 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 Dynamic Bond Fund:

The investment objective of the Scheme is to generate optimal returns through active management of a portfolio of debt and money market instruments.
However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any
returns.

5. SIGNIFICANT ACCOUNTING POLICIES:

The significant 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:

The Summary of number of investors and Corresponding amount of unclaimed redemption and dividend as at March 31, 2017 is as follows:
Unclaimed Redemptions Unclaimed Dividends
Name of the Scheme
Amount (Rs.) No. of Investors Amount (Rs.) No. of Investors
Mirae Asset India Opportunities Fund 1,479,442.4 24 42231.91 18
Mirae Asset Emerging Bluechip Fund 634,788.55 18 0 0
Mirae Asset Great Consumer Fund 26,834.50 4 0 0
Mirae Asset China Advantage Fund 99,399.93 2 0 0
Mirae Asset Savings Fund 0 0 0 0
Mirae Asset Cash Management Fund 12,134.27 7 0 0
Mirae Asset Prudence Fund 11,416.57 1 0 0
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 financial year 2016-17 is annexed and forms part of the Trustee Report as
Annexure I. In the said statement, details of complaints on data corrections in Investor details have also been mentioned as per the AMFI Best Practice
Circular No. 135/BP/25/11-12 dated March 07, 2012.

10
7. ROLE OF MUTUAL FUNDS IN CORPORATE GOVERNANCE OF PUBLIC LISTED COMPANIES
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 clarificatory
email received from SEBI on June 23, 2011, the MAMF has framed a general voting policy and procedures for exercising the voting rights in respect of
shares held by its Schemes (“Voting Policy”) . The Board of Directors of Mirae Asset Trustee Company Private Limited has adopted the Voting Policy. The
Voting Policy and the auditor’s certification on the voting report for financial year 2016-17 is annexed as Annexure II and Annexure III respectively.
Further, in terms of aforementioned circular, the AMC has disclosed the details of actual exercise of proxy votes in the AGMs/ EGMs/Postal Ballot of the
investee companies (based on equity holdings as on the record date across all Schemes of the Fund) for the financial year 2016-17 in the detailed Annual
Report 2016-17 of the Schemes, displayed on website of the Fund. Also, the Voting Policy and the Voting records are also displayed on the website of
the Fund viz. www.miraeassetmf.co.in

8. LIABILITY AND RESPONSIBILITY OF TRUSTEE AND SPONSORS

The main responsibility of the Trustee is to safeguard the interest of the Unitholders and inter-alia ensure that Mirae Asset Global Investments (India) Private
Limited (the AMC) functions in the interest of investors and in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations,
1996, the provisions of the Trust Deed and the Statement of Additional Information, Scheme Information Document/Offer Document of the respective
Schemes. From the information provided to the Trustee and the reviews the Trustee has undertaken, the Trustee believes the AMC has operated in the
interests of the Unitholders.
The Sponsors are not responsible or liable for any loss or shortfall resulting from the operation of the Schemes beyond the initial contribution of Rs. 1 lakh
made by them towards setting up of Mirae Asset Mutual Fund.

9. 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 fluctuations 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 Office 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.

10. ACKNOWLEDGEMENT
The Trustees thanks SEBI, AMFI, the investors, Investors Service Centers, distributors, key partners, service providers, Mirae Asset Global Investments
(India) Private Limited and its employees for their commitment and looks forward to their continued support.
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 Office 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 March 31, 2017 and the Revenue Account for the year ended March 31, 2017 for the various schemes are annexed to this
Report.

For Mirae Asset Trustee Company Private Limited

sd/- sd/-
V. B. Haribhakti S. T. Gerela
Chairman Director

Place : Mumbai
Date : July 17, 2017

11
 ANNEXURE - I
REDRESSAL OF COMPLAINTS RECEIVED AGAINST MIRAE ASSET MUTUAL FUND DURING THE YEAR 2016-17
No. of Folios as on March 31, 2017 : 435061
Complaint Type of Complaint# (a) No. of Action on (a) and (b)
Code complaints
(b) No. of Resolved Non Pending
pending
Complaints Actionable*
at the Within 30-60 60-180 Beyond 0-3 3-6 6-9 9-12
received
beginning 30 days days days 180 months months months months
during the
of the year days
year
IA Non receipt of Dividend
1 1 1 0 0 0 0 0 0 0 0
on Units
IB Interest on delayed
0 0 0 0 0 0 0 0 0 0 0
payment of Dividend
IC Non receipt of Redemption
0 0 0 0 0 0 0 0 0 0 0
Proceeds
ID Interest on delayed
0 0 0 0 0 0 0 0 0 0 0
payment of Redemption
II A Non receipt of Statement of
8 8 8 0 0 0 0 0 0 0 0
Account/Unit Certificate
II B Discrepancy in Statement
5 5 5 0 0 0 0 0 0 0 0
of Account
II C Data corrections in
0 0 0 0 0 0 0 0 0 0 0
Investor details
II D Non receipt of Annual
0 0 0 0 0 0 0 0 0 0 0
Report/Abridged Summary
III A Wrong switch between 0
0 0 0 0 0 0 0 0 0 0
Schemes 00
III B Unauthorized switch
1 1 1 0 0 0 0 0 0 0 0
between Schemes
III C Deviation from Scheme
0 0 0 0 0 0 0 0 0 0 0
attributes
III D Wrong or excess
0 0 0 0 0 0 0 0 0 0 0
charges/load
III E Non updation of changes
viz. address, PAN, bank 1 1 1 0 0 0 0 0 0 0 0
details, nomination, etc.
IV Others* 14 14 14 0 0 0 0 0 0 0 0
Total 30 30 30 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.

12
 ANNEXURE - II
VOTING RIGHTS POLICY OF MIRAE ASSET MUTUAL FUND

Mirae 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 influence 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 firms 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 clarificatory 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 profits
3. Raising the intrinsic value of the Company
4. Improving the Company’s governance and financial 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 recognize the need for management of an issuer to have flexibility in the issue or buyback of shares to meet
changing financial 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 benefits, benefits to the community and the general public.
Other issues, including those business issues specific 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.

13
 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
final voting decision will be taken by the Chief Investment Officer.
2. In the interest of the investors of the fund and in order to avoid excessive voting costs and to ensure better efficiency, the Investment team shall
analyze the Cost- Benefit analysis (CBA) between the voting costs involved in exercising voting vis-à-vis the benefit it may accrue to the investors
by exercising the voting rights. Such cases for which the benefit 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 Officials 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 find 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 financial year 2010-11 onwards.

Conflict 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 conflicts of interest.
The parent of the AMC is a global investment manager and has various offices around the world. Hence, the investment manager is an affiliate of many
diversified financial organization across the globe, however the investment manager is a stand-alone entity in India. Any financial 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 conflict 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 conflicts and
ensure that any conflicts 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 conflict of
interest.

Review and control process

1. On analysis of AGM/EGM resolutions, if any conflict of interest is identified with the AMC’s voting policy, then the same shall be alerted to the Chief
Investment Officer.
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====

14
ANNEXURE - III

15
16
 INDEPENDENT AUDITORS’ REPORT
To,
The Board of Directors of
Mirae Asset Trustee Company Private Limited
Report on the Financial Statements
We have audited the accompanying financial statements of MIRAE ASSET
MUTUAL FUND - MIRAE ASSET INDIA OPPORTUNITIES FUND, MIRAE
ASSET MUTUAL FUND - MIRAE ASSET EMERGING BLUECHIP FUND (“the
Scheme”), which comprise the Balance Sheet as at March 31, 2017, the Revenue
Account and the Cash Flow Statement for the period then ended, and a summary
of significant accounting policies and other explanatory information.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation of these financial statements that
give a true and fair view of the financial position and financial performance of the
Schemes in accordance with accounting principles generally accepted in India,
including the accounting policies and standards specified 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 financial statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial 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 financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about the
amounts and disclosures in the financial statements. The procedures selected
depend on the auditor’s judgment, including the assessment of the risks of material
misstatement of the financial 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 financial statements in order to
design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on effectiveness of the entity’s internal control.
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 financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate
to provide a basis for our audit opinion.
Opinion
In our opinion and to the best of our information and according to the explanations
given to us, the financial 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, 2017.
b) In case of Revenue Account, of the Surplus of the Scheme for the period
ended on that date.
c) Cash Flow Statements of the respective schemes for the year ended on that
date.
Report on Other Legal and Regulatory Requirements
1. 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
specified 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, 2017 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 & Chokshi LLP
Chartered Accountants
FRN - 101872W/W100045
Sd/-
Hiren Mistry
Partner
Membership No. 147263
Place: Mumbai
Date: July 17, 2017
INDEPENDENT AUDITORS’ REPORT
To,
The Board of Directors of
Mirae Asset Trustee Company Private Limited
Report on the Financial Statements
We have audited the accompanying financial statements of MIRAE ASSET
MUTUAL FUND - MIRAE ASSET GREAT CONSUMER FUND, MIRAE ASSET
MUTUAL FUND - MIRAE ASSET CHINA ADVANTAGE FUND, MIRAE ASSET
MUTUAL FUND - MIRAE ASSET TAX SAVER FUND and MIRAE ASSET
MUTUAL FUND - MIRAE ASSET PRUDENCE FUND (“the Scheme”), which
comprise the Balance Sheet as at March 31, 2017, and the Revenue Account
for the period then ended, and a summary of significant accounting policies and
other explanatory information.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation of these financial statements that
give a true and fair view of the financial position and financial performance of the
Schemes in accordance with accounting principles generally accepted in India,
including the accounting policies and standards specified 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 financial statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial 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 financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about the
amounts and disclosures in the financial statements. The procedures selected
depend on the auditor’s judgment, including the assessment of the risks of material
misstatement of the financial 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 financial statements in order to
design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on effectiveness of the entity’s internal control.
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 financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate
to provide a basis for our audit opinion.
Opinion
In our opinion and to the best of our information and according to the explanations
given to us, the financial 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, 2017.
b) In case of Revenue Account, of the Surplus of the Scheme for the period
ended on that date.
Report on Other Legal and Regulatory Requirements
1. 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
specified 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, 2017 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 & Chokshi LLP
Chartered Accountants
FRN - 101872W/W100045
Sd/-
Hiren Mistry
Partner
Membership No. 147263
Place: Mumbai
Date: July 17, 2017
17
 INDEPENDENT AUDITORS’ REPORT
To,
The Board of Directors of
Mirae Asset Trustee Company Private Limited
Report on the Financial Statements
We have audited the accompanying financial statements of MIRAE ASSET
MUTUAL FUND - MIRAE ASSET CASH MANAGEMENT FUND (“the Scheme”),
which comprise the Balance Sheet as at March 31, 2017, and the Revenue Account
for the period then ended, and a summary of significant accounting policies and
other explanatory information.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation of these financial statements that
give a true and fair view of the financial position and financial performance of the
Schemes in accordance with accounting principles generally accepted in India,
including the accounting policies and standards specified 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 financial statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial 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 financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about the
amounts and disclosures in the financial statements. The procedures selected
depend on the auditor’s judgment, including the assessment of the risks of material
misstatement of the financial 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 financial statements in order to
design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on effectiveness of the entity’s internal control.
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 financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate
to provide a basis for our audit opinion.
Opinion
In our opinion and to the best of our information and according to the explanations
given to us, the financial 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, 2017.
b) In case of Revenue Account, of the Surplus of the Scheme for the period
ended on that date.
Report on Other Legal and Regulatory Requirements
1. 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
specified 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, 2017 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 & Chokshi LLP
Chartered Accountants
FRN - 101872W/W100045
Sd/-
Hiren Mistry
Partner
Membership No. 147263
Place: Mumbai
Date: July 17, 2017
18
INDEPENDENT AUDITORS’ REPORT
To,
The Board of Directors of
Mirae Asset Trustee Company Private Limited
Report on the Financial Statements
We have audited the accompanying financial statements of MIRAE ASSET
MUTUAL FUND - MIRAE ASSET SAVINGS FUND (“the Scheme”), which
comprise the Balance Sheet as at March 31, 2017, and the Revenue Account
for the period then ended, and a summary of significant accounting policies and
other explanatory information.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation of these financial statements that
give a true and fair view of the financial position and financial performance of the
Schemes in accordance with accounting principles generally accepted in India,
including the accounting policies and standards specified 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 financial statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these financial 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 financial statements are free
from material misstatement.
An audit involves performing procedures to obtain audit evidence about the
amounts and disclosures in the financial statements. The procedures selected
depend on the auditor’s judgment, including the assessment of the risks of material
misstatement of the financial 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 financial statements in order to
design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on effectiveness of the entity’s internal control.
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 financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate
to provide a basis for our audit opinion.
Opinion
In our opinion and to the best of our information and according to the explanations
given to us, the financial 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, 2017.
b) In case of Revenue Account, of the Surplus of the Scheme for the period
ended on that date.
Report on Other Legal and Regulatory Requirements
1. 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
specified 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, 2017 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 & Chokshi LLP
Chartered Accountants
FRN - 101872W/W100045
Sd/-
Hiren Mistry
Partner
Membership No. 147263
Place: Mumbai
Date: July 17, 2017
 INDEPENDENT AUDITORS’ REPORT

To,
The Board of Directors of
Mirae Asset Trustee Company Private Limited

Report on the Financial Statements

We have audited the accompanying financial statements of MIRAE ASSET MUTUAL FUND – MIRAE ASSET DYNAMIC
BOND FUND (“the Scheme”), which comprise the Balance Sheet as at March 31, 2017, and the Revenue Account for
the period March 24, 2017 to March 31, 2017, and a summary of significant accounting policies and other explanatory
information.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation of these financial statements that give a true and fair view of the financial
position and financial performance of the Schemes in accordance with accounting principles generally accepted in India,
including the accounting policies and standards specified 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 financial statements that give a
true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility
Our responsibility is to express an opinion on these financial 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 financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material
misstatement of the financial 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 financial statements in order
to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on
effectiveness of the entity’s internal control. 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 financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion
In our opinion and to the best of our information and according to the explanations given to us, the financial 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, 2017.
b) In case of Revenue Account, of the Surplus of the Scheme for the period March 24, 2017 to March 31, 2017.

Report on Other Legal and Regulatory Requirements

1. 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 specified 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, 2017 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 & Chokshi LLP

Chartered Accountants
FRN - 101872W/W100045

Sd/-
Hiren Mistry
Partner
Membership No. 147263

Place: Mumbai
Date: July 17, 2017

19
 ABRIDGED BALANCE SHEET
AS AT MARCH 31, 2017
(Rupees in Lakhs)
MIRAE ASSET INDIA MIRAE ASSET EMERGING MIRAE ASSET
OPPORTUNITIES FUND BLUECHIP FUND PRUDENCE FUND
As at As at As at As at As at As at
31, March 31, March 31, March 31, March 31, March 31, March
2017 2016 2017 2016 2017 2016

LIABILITIES
1 Unit Capital 103,613.72 63,938.92 87,762.27 48,234.26 38,461.56 19,651.23
2 Reserves & Surplus 237,879.43 101,389.23 265,371.02 84,067.69 7,683.20 (431.77)
2.1 Unit Premium Reserves 81,762.38 34,198.25 117,294.18 42,206.26 1,478.51 12.31
2.2 Unrealised Appreciation Reserve 52,067.60 12,881.11 67,413.95 9,259.39 4,423.67 -
2.3 Other Reserves 104,049.45 54,309.87 80,662.89 32,602.03 1,781.02 (444.08)
3 Loans & Borrowings
4 Current Liabilities & Provisions 1,344.34 979.71 1,037.94 1,022.81 1,168.71 635.50
4.1 Provision for doubtful Income/Deposits - - - - - -
4.2 Other Current Liabilities & Provisions 1,344.34 979.71 1,037.94 1,022.81 1,168.71 635.50
TOTAL 342,837.49 166,307.86 354,171.23 133,324.76 47,313.47 19,854.96

ASSETS
1 Investments
1.1. Listed Securities: - - - - -
1.1.1 Equity Shares 327,988.54 161,615.49 337,302.93 126,867.37 33,678.03 13,894.61
1.1.2 Preference Shares - - - - - -
1.1.3 Equity Linked Debentures - - - - - -
1.1.4 Other Debentures & Bonds - - - - - -
1.1.5 Securitised Debt securities - - - - - -
1.1.6 Derivatives - - - - - -
1.2 Securities Awaited Listing: - - - - - -
1.2.1 Equity Shares - - - - - -
1.2.2 Preference Shares - - - - - -
1.2.3 Equity Linked Debentures - - - - - -
1.2.4 Other Debentures & Bonds - - - - 3,255.55 1,006.22
1.2.5 Securitised Debt securities - - - - - -
1.3 Unlisted Securities - - - - - -
1.3.1 Equity Shares - - - - - -
1.3.2 Preference Shares - - - - - -
1.3.3 Equity Linked Debentures - - - - - -
1.3.4 Other Debentures & Bonds - - - - - -
1.3.5 Securitised Debt securities - - - - - -
1.4 Government Securities - - - - 3,943.59 3,024.21
1.5 Treasury Bills - - - - - -
1.6 Commercial Paper - - - - - -
1.7 Certificate of Deposits - - - - 2,085.99 1,164.21
1.8 Bill Rediscounting - - - - - -
1.9 Units of Domestic Mutual Fund 671.14 - 997.98 602.41 - -
1.10 Foreign Securities - - - - - -
1.11 Units of Foreign Mutual Fund - - - - - -
1.12 Corporate Bond - - - - - -
Total Investments 328,659.68 161,615.49 338,300.91 127,469.78 42,963.16 19,089.25
2 Deposits - - - - - -
3 Other Current Assets 14,177.81 4,692.37 15,870.32 5,854.98 4,350.31 765.72
3.1 Cash & Bank Balance 363.14 168.49 389.57 177.87 3.84 14.47
3.2 CBLO/Reverse Repo Lending 8,872.17 2,772.51 8,515.38 3,223.36 3,256.80 408.18
3.3 Others 4,942.50 1,751.37 6,965.37 2,453.75 1,089.67 343.07
4 Deferred Revenue Expenditure
(to the extent not written off) - - - - - -
TOTAL 342,837.49 166,307.86 354,171.23 133,324.76 47,313.47 19,854.96

20
 ABRIDGED BALANCE SHEET
AS AT MARCH 31, 2017
(Rupees in Lakhs)
MIRAE ASSET MIRAE ASSET GREAT MIRAE ASSET
TAX SAVER FUND CONSUMER FUND CHINA ADVANTAGE FUND
As at As at As at As at As at As at
31, March 31, March 31, March 31, March 31, March 31, March
2017 2016 2017 2016 2017 2016

LIABILITIES
1 Unit Capital 24,442.54 4,894.84 2,698.84 2,022.77 515.92 773.97
2 Reserves & Surplus 8,237.65 (135.12) 3,548.21 1,884.56 242.87 239.17
2.1 Unit Premium Reserves 3,867.86 (3.25) 719.09 420.98 (56.13) (114.09)
2.2 Unrealised Appreciation Reserve 3,231.68 19.68 850.94 365.59 185.89 183.44
2.3 Other Reserves 1,138.11 (151.56) 1,978.18 1,097.98 113.11 169.82
3 Loans & Borrowings
4 Current Liabilities & Provisions 1,121.81 76.57 1,835.89 48.12 41.62 7.02
4.1 Provision for doubtful Income/Deposits - - - - - -
4.2 Other Current Liabilities & Provisions 1,121.81 76.57 1,835.89 48.12 41.62 7.02
TOTAL 33,802.00 4,836.29 8,082.94 3,955.45 800.41 1,020.16

ASSETS
1 Investments
1.1. Listed Securities: - - - - - -
1.1.1 Equity Shares 28,702.37 4,187.82 4,713.29 2,900.19 - -
1.1.2 Preference Shares - - - - - -
1.1.3 Equity Linked Debentures - - - - - -
1.1.4 Other Debentures & Bonds - - - - - -
1.1.5 Securitised Debt securities - - - - - -
1.1.6 Derivatives - - - - - -
1.2 Securities Awaited Listing: - - - - - -
1.2.1 Equity Shares - - - - - -
1.2.2 Preference Shares - - - - - -
1.2.3 Equity Linked Debentures - - - - - -
1.2.4 Other Debentures & Bonds - - - - - -
1.2.5 Securitised Debt securities - - - - - -
1.3 Unlisted Securities - - - - - -
1.3.1 Equity Shares - - - - - -
1.3.2 Preference Shares - - - - - -
1.3.3 Equity Linked Debentures - - - - - -
1.3.4 Other Debentures & Bonds - - - - - -
1.3.5 Securitised Debt securities - - - - - -
1.4 Government Securities - - - - - -
1.5 Treasury Bills - - - - - -
1.6 Commercial Paper - - - - - -
1.7 Certificate of Deposits - - - - - -
1.8 Bill Rediscounting - - - - - -
1.9 Units of Domestic Mutual Fund - - - - - -
1.10 Foreign Securities - - - - - -
1.11 Units of Foreign Mutual Fund - - 1,631.90 986.08 653.86 997.25
1.12 Corporate Bond - - - - - -
Total Investments 28,702.37 4,187.82 6,345.19 3,886.27 653.86 997.25
2 Deposits - - - - - -
3 Other Current Assets 5,099.63 648.47 1,737.75 69.18 146.55 22.91
3.1 Cash & Bank Balance 210.29 37.90 0.08 (1.72) 0.06 2.67
3.2 CBLO/Reverse Repo Lending 2,227.05 305.60 1,799.74 60.40 29.51 19.44
3.3 Others 2,662.29 304.97 (62.07) 10.50 116.98 0.80
4 Deferred Revenue Expenditure
(to the extent not written off) - - - - - -
TOTAL 33,802.00 4,836.29 8,082.94 3,955.45 800.41 1,020.16

21
 ABRIDGED BALANCE SHEET
AS AT MARCH 31, 2017
(Rupees in Lakhs)
MIRAE ASSET MIRAE ASSET MIRAE ASSET
CASH MANAGEMENT FUND SAVINGS FUND DYNAMIC BOND FUND
As at As at As at As at As at
31, March 31, March 31, March 31, March 31, March 2017
2017 2016 2017 2016

LIABILITIES
1 Unit Capital 16,016.92 6,744.93 18,097.75 7,020.20 5,263.18
2 Reserves & Surplus 8,547.20 3,047.45 6,287.06 1,985.45 29.11
2.1 Unit Premium Reserves 2.89 3.39 (19,311.07) (7,158.63) 0.79
2.2 Unrealised Appreciation Reserve 1.43 0.42 12.81 4.79 8.83
2.3 Other Reserves 8,542.88 3,043.63 25,585.32 9,139.29 19.49
3 Loans & Borrowings
4 Current Liabilities & Provisions 34.25 10.96 (33.41) 14.60 12.56
4.1 Provision for doubtful Income/Deposits - - - - -
4.2 Other Current Liabilities & Provisions 34.25 10.96 -33.41 14.60 12.56
TOTAL 24,598.37 9,803.34 24,351.40 9,020.25 5,304.85

ASSETS
1 Investments
1.1. Listed Securities: - - - - -
1.1.1 Equity Shares - - - - -
1.1.2 Preference Shares - - - - -
1.1.3 Equity Linked Debentures - - - - -
1.1.4 Other Debentures & Bonds - - - - -
1.1.5 Securitised Debt securities - - - - -
1.1.6 Derivatives - - - - -
1.2 Securities Awaited Listing: - - - - -
1.2.1 Equity Shares - - - - -
1.2.2 Preference Shares - - - - -
1.2.3 Equity Linked Debentures - - - - -
1.2.4 Other Debentures & Bonds - - - - -
1.2.5 Securitised Debt securities - - - - -
1.3 Unlisted Securities - - - - -
1.3.1 Equity Shares - - - - -
1.3.2 Preference Shares - - - - -
1.3.3 Equity Linked Debentures - - - - -
1.3.4 Other Debentures & Bonds - - - - -
1.3.5 Securitised Debt securities - - - - -
1.4 Government Securities - - 209.60 - -
1.5 Treasury Bills - - - - -
1.6 Commercial Paper 14,633.58 989.44 10,527.76 - 197.01
1.7 Certificate of Deposits 9,019.74 8,417.63 2,893.02 4,719.80 395.42
1.8 Bill Rediscounting - - - - -
1.9 Units of Domestic Mutual Fund - - - - -
1.10 Foreign Securities - - - - -
1.11 Units of Foreign Mutual Fund - - - - -
1.12 Corporate Bond - - 8,391.62 2,007.14 2,007.90
Total Investments 23,653.32 9,407.07 22,022.00 6,726.94 2,600.33
2 Deposits - - - - -
3 Other Current Assets 945.05 396.27 2,329.40 2,293.31 2,704.52
3.1 Cash & Bank Balance 453.19 14.21 736.82 5.17 83.32
3.2 CBLO/Reverse Repo Lending 774.06 364.94 1,629.81 2,076.12 2,573.48
3.3 Others (282.20) 17.12 (37.23) 212.02 47.72
4 Deferred Revenue Expenditure
(to the extent not written off) - - - - -
TOTAL 24,598.37 9,803.34 24,351.40 9,020.25 5,304.85

22
 ABRIDGED REVENUE ACCOUNT
FOR THE YEAR/PERIOD ENDED MARCH 31, 2017
(Rupees in Lakhs)
MIRAE ASSET INDIA MIRAE ASSET EMERGING MIRAE ASSET
OPPORTUNITIES FUND BLUECHIP FUND PRUDENCE FUND
As at As at As at As at As at As at
31, March 31, March 31, March 31, March 31, March 31, March
2017 2016 2017 2016 2017 2016

1 INCOME
1.1 Dividend 2,554.22 1,814.29 2,139.07 1,461.06 244.67 97.05
1.2 Interest 301.75 129.84 362.22 138.54 585.08 259.61
1.3 Realised Gain/(Loss) on Foreign Exchange Transactions - - - - - -
1.4 Realised Gains/(Losses) on Interscheme sale of investments - - - - 15.69 0.15
1.5 Realised Gains/(Losses) on External sale/redemption of
investments 24,595.63 6,457.67 27,973.34 10,868.96 1,876.76 -
1.6 Realised Gains/(Losses) on Derivative Transactions - - - - - -
1.7 Other Income 87.70 35.86 123.09 47.02 8.81 5.01
(A) 27,539.30 8,437.66 30,597.72 12,515.58 2,731.01 361.82
2 EXPENSES
2.1 Management fee 2,961.29 1,630.87 3,078.81 1,202.63 293.93 111.91
2.2 Service tax on Management fees 414.58 226.62 431.03 167.42 41.15 15.85
2.3 Transfer agents fees and expenses 204.81 118.45 211.91 87.08 25.99 9.92
2.4 Custodian fee 41.60 21.85 43.44 16.14 6.81 2.02
2.5 Trusteeship fee 7.23 8.76 7.40 6.37 0.91 0.62
2.6 Commission to Agents 2,348.35 1,548.29 2,847.07 1,214.50 486.75 223.57
2.7 Marketing & Distribution expenses - - - - - -
2.8 Audit fee 4.59 4.80 4.77 3.55 0.59 0.61
2.9 Other operating expenses 314.24 139.05 440.19 129.22 37.51 15.06
2.10 Investor Protection Fund Expense 47.63 26.11 49.52 19.26 6.07 2.24
2.11 Interest on borrowings - - - - - -
2.12 Expenses reimbursed by AMC (1,035.47) (645.93) (1,459.60) (485.28) (96.76) (68.92)
2.13 Loss on sale/redemption of investments, net - - - - - 152.77
(B) 5,308.85 3,078.87 5,654.54 2,360.89 802.95 465.65
3 NET REALISED GAINS/(LOSSES)
FOR THE YEAR/PERIOD (A - B = C) 22,230.45 5,358.79 24,943.18 10,154.69 1,928.06 (103.83)
4 Change in Unrealised Depreciation in value of
investments (D) - - - - -
5 NET GAINS/(LOSSES)
FOR THE YEAR/PERIOD (E=(C-D)) 22,230.45 5,358.79 24,943.18 10,154.69 1,928.06 (103.83)
6 Change in unrealised appreciation
in the value of investments (F) 39,186.49 (9,588.56) 58,154.58 (9,626.05) 4,423.67 (167.97)
7 NET SURPLUS/(DEFICIT)
FOR THE YEAR/PERIOD ( E + F = G ) 61,416.94 (4,229.77) 83,097.76 528.64 6,351.73 (271.80)
7.1 NET SURPLUS/(DEFICIT)
BROUGHT FORWARD FROM PREVIOUS PERIOD 54,309.88 29,830.80 32,602.04 11,249.98 (444.08) 0.00
7.2 Less: Balance transfer to Unrealised Appreciation Reserve (39,186.49) 9,588.56 (58,154.58) 9,626.05 (4,423.67) -
7.3 Add/(Less): Equalisation 31,348.40 21,967.96 26,325.07 13,542.16 440.25 (172.27)
7.4 Add/(Less):Transfer from Unit Premium Reserve - - - - - -
7.5 Add/(Less):Transfer from general reserve - - - - - -
8 Total 107,888.73 57,157.55 83,870.29 34,946.83 1,924.23 (444.08)
9 Dividend appropriation
9.1 Income Distributed during the year/period 3,839.27 2,847.67 3,207.41 2,344.79 143.21 -
9.2 Tax on income distributed during the year/period - - - - - -

10 Retained Surplus/(Deficit) 104,049.45 54,309.88 80,662.89 32,602.04 1,781.02 (444.08)

10.1 Transfer from Unit premium Reserve - - - - - -

11 Retained Surplus/(Deficit)
carried forward to Balance sheet 104,049.45 54,309.88 80,662.89 32,602.04 1,781.02 (444.08)

23
 ABRIDGED REVENUE ACCOUNT
FOR THE YEAR/PERIOD ENDED MARCH 31, 2017
(Rupees in Lakhs)
MIRAE ASSET TAX MIRAE ASSET GREAT MIRAE ASSET CHINA
SAVER FUND CONSUMER FUND ADVANTAGE FUND
As at As at As at As at As at As at
31, March 31, March 31, March 31, March 31, March 31, March
2017 2016 2017 2016 2017 2016

1 INCOME
1.1 Dividend 107.25 15.67 37.63 36.98 - -
1.2 Interest 19.85 6.45 7.01 4.26 1.07 1.97
1.3 Realised Gain/(Loss) on Foreign Exchange Transactions - - 1.44 73.94 125.40 200.39
1.4 Realised Gains/(Losses) on Interscheme sale of investments - - - - - -
1.5 Realised Gains/(Losses) on External sale/redemption of
investments 1,334.30 - 715.25 177.84 - -
1.6 Realised Gains/(Losses) on Derivative Transactions - - - - - -
1.7 Other Income - - 3.79 3.76 0.70 5.17
(A) 1,461.40 22.13 765.12 296.78 127.17 207.53
2 EXPENSES
2.1 Management fee 129.64 8.38 70.92 49.24 10.83 25.83
2.2 Service tax on Management fees 18.15 1.19 9.93 6.83 1.52 3.55
2.3 Transfer agents fees and expenses 10.82 0.70 4.45 3.23 0.51 1.05
2.4 Custodian fee 2.28 0.15 1.07 3.49 0.15 0.81
2.5 Trusteeship fee 0.36 0.05 0.16 0.24 0.03 0.12
2.6 Commission to Agents 251.51 35.79 58.23 34.11 4.36 12.39
2.7 Marketing & Distribution expenses - - - - - -
2.8 Audit fee 0.27 0.12 0.10 0.20 0.01 0.10
2.9 Other operating expenses 25.06 3.06 10.19 5.67 0.48 2.73
2.10 Investor Protection Fund Expense 2.60 0.17 1.03 0.70 0.16 0.33
2.11 Interest on borrowings - - - - - -
2.12 Expenses reimbursed by AMC (101.23) (26.11) (8.77) (2.73) (0.90) (6.97)
2.13 Loss on sale/redemption of investments, net - 33.22 - - 28.23 28.19
(B) 339.46 56.72 147.31 100.98 45.38 68.13
3 NET REALISED GAINS/(LOSSES)
FOR THE YEAR/PERIOD (A - B = C) 1,121.94 (34.59) 617.81 195.80 81.79 139.40
4 Change in Unrealised Depreciation in value of
investments (D) - - - - - -
5 NET GAINS/(LOSSES)
FOR THE YEAR/PERIOD (E=(C-D)) 1,121.94 (34.59) 617.81 195.80 81.79 139.40
6 Change in unrealised appreciation
in the value of investments (F) 3,212.00 19.68 485.35 (463.16) 2.45 (389.86)
7 NET SURPLUS/(DEFICIT)
FOR THE YEAR/PERIOD ( E + F = G ) 4,333.94 (14.91) 1,103.16 (267.36) 84.24 (250.46)
7.1 NET SURPLUS/(DEFICIT)
BROUGHT FORWARD FROM PREVIOUS PERIOD (151.56) - 1,097.98 660.46 169.83 109.18
7.2 Less: Balance transfer to Unrealised Appreciation Reserve (3,212.00) (19.68) (485.35) 463.16 (2.44) 389.86
7.3 Add/(Less): Equalisation 367.19 (116.97) 388.97 274.96 (138.52) (78.75)
7.4 Add/(Less):Transfer from Unit Premium Reserve - - - - - -
7.5 Add/(Less):Transfer from general reserve -
8 Total 1,337.57 (151.56) 2,104.76 1,131.22 113.11 169.83
9 Dividend appropriation - -
9.1 Income Distributed during the year/period 199.49 - 126.57 33.24 - -
9.2 Tax on income distributed during the year/period - - - - - -

10 Retained Surplus/(Deficit) 1,138.11 (151.56) 1,978.18 1,097.98 113.11 169.83

10.1 Transfer from Unit premium Reserve - - - - - -

11 Retained Surplus/(Deficit)
carried forward to Balance sheet 1,138.11 (151.56) 1,978.18 1,097.98 113.11 169.83

24
 ABRIDGED REVENUE ACCOUNT
FOR THE YEAR/PERIOD ENDED MARCH 31, 2017
(Rupees in Lakhs)
MIRAE ASSET CASH MIRAE ASSET MIRAE ASSET
MANAGEMENT FUND SAVINGS FUND DYNAMIC BOND FUND
As at As at As at As at As at
31, March 31, March 31, March 31, March 31, March 2017
2017 2016 2017 2016

1 INCOME
1.1 Dividend - - - - -
1.2 Interest 1,611.29 640.06 1,015.17 346.03 10.78
1.3 Realised Gain/(Loss) on Foreign Exchange Transactions - - - - -
1.4 Realised Gains/(Losses) on Interscheme sale of investments 0.21 1.15 3.78 (0.29) -
1.5 Realised Gains/(Losses) on External sale/redemption of
investments - 1.02 82.56 19.82 8.64
1.6 Realised Gains/(Losses) on Derivative Transactions - - - - -
1.7 Other Income 0.98 2.24 - 3.45 0.03
(A) 1,612.48 644.47 1,101.51 369.01 19.45
2 EXPENSES
2.1 Management fee - - 29.29 5.15 0.73
2.2 Service tax on Management fees - - 4.10 0.71 0.10
2.3 Transfer agents fees and expenses 11.14 3.80 9.80 2.94 0.01
2.4 Custodian fee 3.19 0.92 3.89 0.69 0.02
2.5 Trusteeship fee 0.73 0.57 0.42 0.29 -
2.6 Commission to Agents 12.46 14.32 60.26 25.43 10.37
2.7 Marketing & Distribution expenses - - - - -
2.8 Audit fee 0.45 0.18 0.30 0.19 0.08
2.9 Other operating expenses 10.21 5.61 6.49 5.91 0.11
2.10 Investor Protection Fund Expense 4.75 1.66 3.06 0.95 0.02
2.11 Interest on borrowings - - - - -
2.12 Expenses reimbursed by AMC (21.61) (5.58) (19.13) - (9.30)
2.13 Loss on sale/redemption of investments, net 11.05 - - - -
(B) 32.37 21.48 98.48 42.26 2.14
3 NET REALISED GAINS/(LOSSES)
FOR THE YEAR/PERIOD (A - B = C) 1,580.11 622.99 1,003.03 326.75 17.31
4 Change in Unrealised Depreciation in value of
investments (D) - - - - -
5 NET GAINS/(LOSSES)
FOR THE YEAR/PERIOD (E=(C-D)) 1,580.11 622.99 1,003.03 326.75 17.31
6 Change in unrealised appreciation
in the value of investments (F) 1.01 (0.12) 8.02 3.65 8.83
7 NET SURPLUS/(DEFICIT)
FOR THE YEAR/PERIOD ( E + F = G ) 1,581.12 622.87 1,011.05 330.40 26.14
7.1 NET SURPLUS/(DEFICIT)
BROUGHT FORWARD FROM PREVIOUS PERIOD 3,043.63 1,933.58 9,139.29 2,933.83 0.00
7.2 Less: Balance transfer to Unrealised Appreciation Reserve (1.01) 0.12 (8.02) (3.65) (8.83)
7.3 Add/(Less): Equalisation 4,169.11 620.65 15,648.36 5,959.83 2.19
7.4 Add/(Less):Transfer from Unit Premium Reserve - - - - -
7.5 Add/(Less):Transfer from general reserve - - - - -
8 Total 8,792.85 3,177.22 25,790.68 9,220.41 19.49
9 Dividend appropriation
9.1 Income Distributed during the year/period 179.56 94.61 146.70 57.33 -
9.2 Tax on income distributed during the year/period 70.41 38.98 58.66 23.79 -

10 Retained Surplus/(Deficit) 8,542.88 3,043.63 25,585.32 9,139.29 19.49

10.1 Transfer from Unit premium Reserve - - - - -

11 Retained Surplus/(Deficit)
carried forward to Balance sheet 8,542.88 3,043.63 25,585.32 9,139.29 19.49

25
 CASH FLOW STATEMENT
FOR THE YEAR/PERIOD ENDED MARCH 31, 2017
(Rupees in ‘000)
MIRAE ASSET INDIA MIRAE ASSET EMERGING
OPPORTUNITIES FUND BLUECHIP FUND
01 April 2016 to 01 April 2015 to 01 April 2016 to 01 April 2015 to
31 March 2017 31 March 2016 31 March 2017 31 March 2016

Cashflow from Operating Activity

Net Surplus/(Deficit) for the year 6,141,695 (422,977) 8,309,777 52,864
Add / (Less) : Changes in Unrealised loss provided / (written back) (3,918,649) 958,856 (5,815,458) 962,605
Add / (Less) : Transferred to / (From) Equalisation reserves
Add / (Less) : Transferred to / (From) Retained surplus
Operating Profit/(Loss) before Working Capital Changes 2,223,046 535,879 2,494,320 1,015,469
Adjustments for:-
(Increase)/Decrease in Other current assets (138,684) (39,031) (386,864) (102,391)
(Increase)/Decrease in Investments at cost (12,785,770) (7,257,487) (15,267,655) (6,889,647)
Increase/(Decrease) in Current liabilities and Provisions 28,577 38,670 (3,770) 66,645
(Increase)/Decrease in Deposits -
Net cash generated from/(used in) operating Activities (A) (10,672,831) (6,721,969) (13,163,969) (5,909,924)
Cashflow from Financing Activities
Increase/(Decrease) in Unit Capital 3,967,480 2,635,509 3,952,801 2,237,775
Increase/(Decrease) in Unit Premium reserve/Equalisation Reserve 7,891,253 4,569,339 10,141,298 4,231,866
Increase/(Decrease) in Redemption Payable for units redeemed by
investors 7,885 3,362 5,283 7,674
(Increase)/Decrease in Subscription Receivable for units issued to
investors (180,431) (31,255) (64,301) (72,955)
Increase / (Decrease) in Borrowing - - - -
Dividend Paid during the year/period (including dividend tax paid) (383,927) (284,767) (320,741) (234,479)
Net cash generated from/(used) in financing activities (B) 11,302,260 6,892,188 13,714,340 6,169,881

Net Increase/(Decrease) in Cash & cash equivalents (A+B) 629,429 170,219 550,371 259,957
Cash and Cash Equivalents as at the beginning of the year / period 294,100.25 123,880 340,123 80,166
Cash and Cash Equivalents as at the close of the year / period 923,527.61 294,100 890,494 340,123
Net Increase /(Decrease) in Cash & Cash Equivalaents 629,427 170,220 550,371 259,957
Components of cash and cash equivalents
With Banks - in current account 36,311 16,849 38,957 17,787
Deposits with companies/financial institutions - - - -
Deposits with scheduled banks - - - -
Collaterlized Borrowing and Lending obligations (CBLO) 887,217 277,251 851,538 322,336
923,528 294,100 890,495 340,123

26
 KEY STATISTICS
FOR THE YEAR/PERIOD ENDED MARCH 31, 2017

MIRAE ASSET INDIA MIRAE ASSET EMERGING MIRAE ASSET

OPPORTUNITIES FUND BLUECHIP FUND PRUDENCE FUND
As at As at As at As at As at As at
31, March 31, March 31, March 31, March 31, March 31, March
2017 2016 2017 2016 2017 2016

1. NAV per unit (Rs.):

Regular Plan - Dividend option
Open 15.9320 18.0810 21.1610 22.6370 9.7790 -
High 18.7690 19.1400 27.7870 25.1250 11.8110 10.1780
Low 15.5940 15.3330 20.9920 19.2180 9.6270 8.9200
End 18.7690 15.9320 27.7870 21.1610 11.8110 9.7790
Regular Plan - Growth option
Open 31.0860 32.4270 29.7700 29.2440 9.7790 -
High 39.8910 34.3250 42.5490 32.4580 12.0270 10.1780
Low 30.4270 27.7140 29.5320 27.0370 9.6270 8.9200
End 39.8910 31.0860 42.5490 29.7700 12.0270 9.7790
Direct Plan - Dividend option
Open 23.8560 24.6850 28.0570 27.3520 9.8800 -
High 30.8440 26.2100 40.4090 30.4720 12.1670 10.1870
Low 23.3540 21.2520 27.8370 25.4860 9.7320 8.9980
End 30.8440 23.8560 40.4090 28.0570 12.1670 9.8800
Direct Plan - Growth option
Open 32.0340 33.1400 30.7610 29.9380 9.8800 -
High 41.4210 35.1930 44.3110 33.3540 12.4130 10.1870
Low 31.3600 28.5370 30.5190 27.9150 9.7320 8.9980
End 41.4210 32.0340 44.3110 30.7610 12.4130 9.8800
2. Closing Assets Under Management (Rs. in Lakhs)
End 340,978.17 164,550.54 353,175.55 132,070.89 45,957.72 19,203.84
Average (AAuM) 238,108.05 130,508.09 247,551.31 96,282.99 30,338.31 16,697.29
3. Gross income as % of AAuM1 11.57% 6.57% 12.36% 13.00% 9.00% 3.22%
4. Expense Ratio:
a. Total Expense as % of AAuM 2.23% 2.36% 2.28% 2.45% 2.65% 2.79%
b. Management Fee as % of AAuM. 1.24% 1.25% 1.24% 1.25% 0.97% 1.00%
5. Net Income as a percentage of AAuM2 9.34% 4.11% 10.08% 10.55% 6.36% -0.93%
6. Portfolio turnover ratio 0.86 0.58 1.01 0.77 3.49 0.86
7. Total Dividend per unit distributed during the year/period
(plan wise)
Regular Plan - Dividend option (Individual) - 1.3500 - 2.0000 0.2000 -
Regular Plan - Dividend option (Others) - 1.3500 - 2.0000 0.2000 -
Direct Plan - Dividend option (Individual) - - - - 0.2000 -
Direct Plan - Dividend option (Others) - - - - 0.2000 -
8. Returns:
1 Year
Scheme
Direct Plan - Growth Option 29.30% -3.33% 44.05% 2.74% 25.64% N.A
Regular Plan - Growth Option 28.32% -4.12% 42.93% 1.79% 22.99% N.A
Benchmark 22.47% -7.84% 34.85% -1.91% 16.10% N.A
Since Inception
Scheme
Direct Plan - Growth Option 20.42% 17.81% 31.13% 27.38% 13.78% -1.78%
Regular Plan - Growth Option 16.63% 15.24% 24.00% 20.97% 11.66% -3.26%
Benchmark
Direct Plan - Growth Option 12.22% 9.24% 17.72% 12.89% 7.54% -4.00%
Regular Plan - Growth Option 8.61% 6.99% 11.43% 7.77% 7.54% -4.00%
1. Gross income = amount against (A) in the Revenue account i.e. Income.
2. Net income = amount against (C) in the Revenue account i.e. NET REALISED GAINS/(LOSSES) FOR THE YEAR/PERIOD
3. Portfolio Turnover = Lower of sales or purchase divided by the Average AuM for the year/period.
4. AAuM=Average daily net assets

27
 KEY STATISTICS
FOR THE YEAR/PERIOD ENDED MARCH 31, 2017
MIRAE ASSET MIRAE ASSET GREAT MIRAE ASSET CHINA
TAX SAVER FUND CONSUMER FUND ADVANTAGE FUND
As at As at As at As at As at As at
31, March 31, March 31, March 31, March 31, March 31, March
2017 2016 2017 2016 2017 2016
1. NAV per unit (Rs.):
Regular Plan - Dividend option
Open 9.7210 - 13.4050 16.3350 13.0280 15.1190
High 13.2750 10.0750 16.5700 16.9900 14.8670 17.8330
Low 9.5600 8.7490 13.2040 12.0990 12.3970 11.6440
End 12.8840 9.7210 14.7560 13.4050 14.5580 13.0280
Regular Plan - Growth option
Open 9.7210 - 20.4590 22.3670 13.0280 15.1190
High 13.4430 10.0750 25.6240 23.2650 14.8670 17.8330
Low 9.5600 8.7490 20.1510 18.4650 12.3970 11.6440
End 13.4430 9.7210 25.6240 20.4590 14.5580 13.0280
Direct Plan - Dividend option
Open 9.7630 - 21.1760 22.8970 13.2820 15.3540
High 13.5180 10.0770 26.8140 23.8260 15.1990 18.1260
Low 9.6040 8.7720 20.8590 19.1030 12.6440 11.8640
End 13.1380 9.7630 26.8140 21.1760 14.6520 13.2820
Direct Plan - Growth option
Open 9.7630 - 21.2480 22.9290 13.3400 15.3700
High 13.7060 10.0770 26.9700 23.8610 15.3180 18.1500
Low 9.6040 8.7720 20.9320 19.1600 12.7080 11.9110
End 13.7060 9.7630 26.9700 21.2480 15.0330 13.3400
2. Closing Assets Under Management (Rs. in Lakhs)
End 32,212.46 4,639.53 6,244.68 3,910.36 758.38 1,011.46
Average (AAuM) 12,991.84 3,284.63 5,135.49 3,493.68 775.31 1,642.13
3. Gross income as % of AAuM1 11.25% 2.62% 14.90% 8.49% 16.40% 12.64%
4. Expense Ratio:
a. Total Expense as % of AAuM 2.61% 2.79% 2.87% 2.89% 2.21% 2.43%
b. Management Fee as % of AAuM. 1.00% 0.99% 1.38% 1.41% 1.40% 1.57%
5. Net Income as a percentage of AAuM2 8.64% -4.10% 12.03% 5.60% 10.55% 8.49%
6. Portfolio turnover ratio 1.14 0.29 0.70 0.84 0.57 0.02
7. Total Dividend per unit distributed during the year/period
(plan wise)
Regular Plan - Dividend option (Individual) 0.5500 - 2.0000 1.5000 - -
Regular Plan - Dividend option (Others) 0.5500 - 2.0000 1.5000 - -
Direct Plan - Dividend option (Individual) 0.5500 - - - - -
Direct Plan - Dividend option (Others) 0.5500 - - - - -
8. Returns:
1 Year
Scheme
Direct Plan - Growth Option 40.39% N.A 26.93% -7.31% 12.69% -13.17%
Regular Plan - Growth Option 38.39% N.A 25.25% -8.51% 11.74% -13.80%
Benchmark 22.47% N.A 21.02% -2.01% 14.35% -16.11%
Since Inception
Scheme
Direct Plan - Growth Option 28.49% -8.89% 17.76% 15.08% 5.50% 3.38%
Regular Plan - Growth Option 26.53% -10.41% 16.95% 15.36% 5.20% 4.22%
Benchmark
Direct Plan - Growth Option 14.60% -11.46% 13.07% 10.73% 5.29% 2.64%
Regular Plan - Growth Option 14.60% -11.46% 14.64% 13.77% 5.05% 3.67%
1. Gross income = amount against (A) in the Revenue account i.e. Income.
2. Net income = amount against (C) in the Revenue account i.e. NET REALISED GAINS/(LOSSES) FOR THE YEAR/PERIOD
3. Portfolio Turnover = Lower of sales or purchase divided by the Average AuM for the year/period.
4. AAuM=Average daily net assets

28
 KEY STATISTICS
FOR THE YEAR/PERIOD ENDED MARCH 31, 2017
MIRAE ASSET CASH MIRAE ASSET MIRAE ASSET
MANAGEMENT FUND SAVINGS FUND DYNAMIC BOND FUND
As at As at As at As at As at
31, March 31, March 31, March 31, March 31, March
2017 2016 2017 2016 2017
1. NAV per unit (Rs.):
Savings Plan - Daily Dividend option
Open - - 1,017.0342 1,013.6682 -
High - - 1,019.1760 1,017.0342 -
Low - - 1,016.2740 1,013.7321 -
End - - 1,016.6402 1,017.0342 -
Savings Plan - Weekly Dividend option
Open - - 1,109.4316 1,102.5418 -
High - - 1,116.3119 1,109.4316 -
Low - - 1,108.2633 1,100.7712 -
End - - 1,115.3393 1,109.4316 -
Savings Plan - Growth option
Open - - 1,325.1880 1,240.0925 -
High - - 1,414.7143 1,325.1880 -
Low - - 1,326.2594 1,241.6556 -
End - - 1,414.7143 1,325.1880 -
Savings Plan - Monthly Dividend option
Open - - 1,088.6002 1,081.3006 -
High - - 1,101.7707 1,092.3012 -
Low - - 1,087.0539 1,080.2300 -
End - - 1,095.2115 1,088.6002 -
Savings Plan - Quarterly Dividend option
Open - - 1,037.0070 1,037.9939 -
High - - 1,053.3825 1,039.4120 -
Low - - 1,021.6469 1,021.1082 -
End - - 1,053.3825 1,037.0070 -
Regular Plan - Daily Dividend option
Open 1,060.8145 1,056.9340 1,497.5843 1,401.4780 -
High 1,064.3792 1,060.8145 1,599.1996 1,497.5843 -
Low 1,060.8499 1,056.9959 1,498.7945 1,403.2446 -
End 1,064.3792 1,060.8145 1,599.1996 1,497.5843 -
Regular Plan - Dividend option
Open - - - - -
High - - - - 10.0551
Low - - - - 10.0000
End - - - - 10.0551
Regular Plan - Weekly Dividend option
Open 1,146.7994 1,143.8779 1,497.4951 1,401.3832 -
High 1,151.6696 1,148.1574 1,599.3204 1,497.4951 -
Low 1,146.8324 1,142.6619 1,498.7136 1,403.1497 -
End 1,150.8026 1,146.7994 1,599.3204 1,497.4951 -
Regular Plan - Monthly Dividend option
Open 1,147.1115 1,143.9672 1,501.1863 1,404.8496 -
High 1,156.2583 1,153.8973 1,602.7589 1,501.1863 -
Low 1,146.8866 1,142.9602 1,502.3997 1,406.6207 -
End 1,151.5920 1,147.1115 1,602.7589 1,501.1863 -
Regular Plan - Growth option
Open 1,589.9463 1,477.5816 1,571.1398 1,470.3081 -
High 1,700.1943 1,589.9463 1,677.4834 1,571.1398 10.0551
Low 1,591.0067 1,479.3115 1,572.4094 1,472.1615 10.0000
End 1,700.1943 1,589.9463 1,677.4834 1,571.1398 10.0551
Direct Plan - Daily Dividend option
Open 1,070.0934 1,065.9672 1,222.5556 1,140.0232 -
High 1,073.7396 1,070.0934 1,225.1573 1,222.5556 -
Low 1,070.1293 1,066.0299 1,221.9068 1,141.6100 -
End 1,073.7396 1,070.0934 1,222.4399 1,222.5556 -
Direct Plan - Dividend option
Open - - - - -
High - - - - 10.0578
Low - - - - 10.0000
End - - - - 10.0578

29
 KEY STATISTICS
FOR THE YEAR/PERIOD ENDED MARCH 31, 2017 (contd...)
MIRAE ASSET CASH MIRAE ASSET MIRAE ASSET
MANAGEMENT FUND SAVINGS FUND DYNAMIC BOND FUND
As at As at As at As at As at
31, March 31, March 31, March 31, March 31, March
2017 2016 2017 2016 2017
Direct Plan - Growth option
Open 1,602.9522 1,483.8273 1,357.5331 1,259.6104 -
High 1,715.9762 1,602.9522 1,460.6978 1,357.5331 10.0578
Low 1,604.0280 1,485.5742 1,358.7135 1,261.3870 10.0000
End 1,715.9762 1,602.9522 1,460.6978 1,357.5331 10.0578
Direct Plan - Monthly Dividend option
Open 1,021.7848 - 1,051.6797 - -
High 1,093.5821 1,021.7848 1,127.3938 1,051.6797 -
Low 1,022.4704 1,000.0000 1,052.5815 1,000.0000 -
End 1,093.5821 1,021.7848 1,127.3938 1,051.6797 -
Direct Plan - Quarterly Dividend optin
Open - - 1,059.1950 1,060.6572 -
High - - 1,078.3652 1,062.2687 -
Low - - 1,041.9426 1,041.5074 -
End - - 1,078.3652 1,059.1950 -
Direct Plan - Weekly Dividend option
Open 1,203.4707 1,195.6297 1,319.2452 1,225.4682 -
High 1,212.8362 1,204.9714 1,414.4750 1,319.2452 -
Low 1,203.7421 1,194.5125 1,320.3764 1,227.1740 -
End 1,211.9824 1,203.4707 1,414.4750 1,319.2452 -
2. Closing Assets Under Management (Rs. in Lakhs)
End 24,564.89 9,769.61 24,245.56 8,974.48 5,191.21
Average (AAuM) 23,756.43 8,274.00 15,296.34 4,759.92 4,787.34
3. Gross income as % of AAuM1 6.79% 7.79% 7.20% 7.75% 0.41%
4. Expense Ratio:
a. Total Expense as % of AAuM 0.09% 0.26% 0.64% 0.89% 2.04%
b. Management Fee as % of AAuM. 0.00% 0.00% 0.19% 0.11% 0.70%
5. Net Income as a percentage of AAuM2 6.65% 7.53% 6.56% 6.86% 16.50%
6. Portfolio turnover ratio 11.18 9.90 9.49 6.45 0.76
7. Total Dividend per unit distributed during the year/period (plan wise)
Savings Plan - Daily Dividend option (Individual) - - 48.2606 46.2196 -
Savings Plan - Daily Dividend option (Others) - - 44.7125 42.8216 -
Savings Plan - Weekly Dividend option (Individual) - - 48.2967 48.0540 -
Savings Plan - Weekly Dividend option (Others) - - 44.7460 44.5211 -
Savings Plan - Monthly Dividend option (Individual) - - 46.9249 46.8136 -
Savings Plan - Monthly Dividend option (Others) - - 43.4750 43.3719 -
Savings Plan - Quarterly Dividend option (Individual) - - 37.1822 50.0674 -
Savings Plan - Quarterly Dividend option (Others) - - 34.4486 46.3865 -
Regular Plan - Daily Dividend option (Individual) 48.8931 53.2543 - - -
Regular Plan - Daily Dividend option (Others) 45.2985 49.3391 - - -
Regular Plan - Weekly Dividend option (Individual) 52.6923 58.7799 - - -
Regular Plan - Weekly Dividend option (Others) 48.8184 54.4585 - - -
Regular Plan - Monthly Dividend option (Individual) 52.4411 58.5586 - - -
Regular Plan - Monthly Dividend option (Others) 48.5857 54.2534 - - -
Direct Plan - Daily Dividend option (Individual) 50.1214 56.6284 61.5500 3.2900 -
Direct Plan - Daily Dividend option (Others) 46.4365 52.4651 57.0300 3.0400 -
Direct Plan - Weekly Dividend option (Individual) 53.3039 61.2664 - - -
Direct Plan - Weekly Dividend option (Others) 49.3850 56.7622 - - -
Direct Plan - Quartely Dividend option (Individual) - - 40.5046 57.1312 -
Direct Plan - Quarterly Dividend option (Others) - - 37.5268 52.9309 -
8. Returns:
1 Year
Scheme
Direct Plan - Growth Option 7.05% 8.01% 7.60% 7.75% NA
Regular Plan - Growth Option 6.93% 7.58% 6.77% 6.84% NA
Benchmark 7.11% 8.04% 7.11% 8.04% NA
Since Inception
Scheme
Direct Plan - Growth Option 8.12% 8.44% 8.21% 8.40% 0.58%
Regular Plan - Growth Option 6.67% 6.63% 7.55% 5.75% 0.55%
Benchmark
Direct Plan - Growth Option 8.38% 8.78% 8.38% 8.78% 0.59%
Regular Plan - Growth Option 7.52% 7.58% 8.33% 7.73% 0.59%
1. Gross income = amount against (A) in the Revenue account i.e. Income.
2. Net income = amount against (C) in the Revenue account i.e. NET REALISED GAINS/(LOSSES) FOR THE YEAR/PERIOD
3. Portfolio Turnover = Lower of sales or purchase divided by the Average AuM for the year/period.
4. AAuM=Average daily net assets

30
 NOTES TO ACCOUNTS
ANNEXURE - I : TO THE ABRIDGED BALANCE SHEET AND REVENUE ACCOUNT
FOR THE YEAR/PERIOD ENDED MARCH 31, 2017

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, 2017 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, 2017, (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, 2017 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 2016-2017 2015-2016
Unrealised Gain / % to Net Unrealised Gain / % to Net
(Loss) (Rs. in lakhs.) Assets (Loss) (Rs. in lakhs.) Assets
Mirae Asset India Opportunities Fund 52,067.60 15.27% 12,881.11 7.83%
Mirae Asset Emerging Bluechip Fund 67,413.95 19.09% 9,259.39 7.01%
Mirae Asset Prudence Fund 4,423.67 9.63% 0.00 0.00%
Mirae Asset Tax Saver Fund 3,231.68 10.03% 19.68 0.42%
Mirae Asset Great Consumer Fund 850.94 13.63% 365.59 9.35%
Mirae Asset China Advantage Fund 185.89 24.51% 183.44 18.14%
Mirae Asset Cash Management Fund 1.43 0.01% 0.42 0.00%
Mirae Asset Savings Fund 12.81 0.05% 4.79 0.05%
Mirae Asset Dynamic Bond Fund 8.83 0.17% 0.00 0.00%

1.7. Aggregate Value of Purchase and Sale with Percentage to average assets:
Scheme Name 2016-2017 2015-2016
Purchases % to Net Sales % to Net Purchases % to Net Sales % to Net
(Rs. in lakhs.) Assets (Rs. in lakhs.) Assets (Rs. in lakhs.) Assets (Rs. in lakhs.) Assets
Mirae Asset
India Opportunities Fund 307,418.60 129.11% 204,156.54 85.74% 142,180.67 108.94% 76,063.48 58.28%
Mirae Asset
Emerging Bluechip Fund 373,854.47 151.02% 249,151.26 100.65% 132,313.85 137.42% 74,286.35 77.15%
Mirae Asset
Prudence Fund 123,530.80 407.18% 105,923.90 349.14% 33,863.27 202.81% 14,393.57 86.20%
Mirae Asset
Tax Saver Fund 34,779.96 267.71% 14,811.72 114.01% 5,150.94 156.82% 949.58 28.91%
Mirae Asset
Great Consumer Fund 4,875.56 94.94% 3,619.32 70.48% 3,815.05 109.20% 2,930.56 83.88%
Mirae Asset
China Advantage Fund - 0.00% 442.64 57.09% 39.95 2.43% 785.08 47.81%
Mirae Asset
Cash Management Fund 279,408.72 1176.14% 265,549.71 1117.80% 84,018.20 1015.45% 81,930.42 990.22%
Mirae Asset
Savings Fund 160,365.35 1048.39% 145,139.31 948.85% 35,318.98 742.01% 30,706.96 645.11%
Mirae Asset
Dynamic Bond Fund 6,255.21 130.66% 3,634.79 75.93% 0.00 0.00% 0.00 0.00%

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 Nature of Period Value of transaction* Brokerage
parties/group companies of Association/ covered (Rs. in Cr & % of total value of (Rs. in Cr & % of total
Sponsor/AMC Nature of relation transaction of fund) brokerage paid by the fund)
Mirae Asset Securities (Hong-Kong) Ltd. Associate 2015-16 11.61 0.23% 0.01 0.14%
Mirae Asset Securities (Hong-Kong) Ltd. Associate 2016-17 Nil Nil Nil Nil
*Transactions done for purchase/sale of mutual funds units are not considerd while computing total value of transaction.

31
 NOTES TO ACCOUNTS
ANNEXURE - I : TO THE ABRIDGED BALANCE SHEET AND REVENUE ACCOUNT
FOR THE YEAR/PERIOD ENDED MARCH 31, 2017 (contd...)
(b) Commission paid to associates/related parties/group companies of sponsor/AMC:
Name of associate/related Nature of Association/ Period Business given Brokerage
parties/group companies of Nature of relation covered (Rs. in Cr. & % of total (Rs. in Cr & % of total
Sponsor/AMC business received by the fund) brokerage paid by the fund)
SATCO Capital Markets Ltd. Commission paid for
procuring unit capital 2015-16 0.39 0.01% 0.01 0.02%
SATCO Capital Markets Ltd. Commission paid for
procuring unit capital 2016-17 0.23 0.01% 0.01 1.17%

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.
Name of the Scheme March 31, 2017 March 31, 2016
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%
Mirae Asset Prudence Fund Nil 0.00% Nil 0.00%
Mirae Asset Tax Saver Fund Nil 0.00% Nil 0.00%
Mirae Asset Great Consumer Fund Nil 0.00% Nil 0.00%
Mirae Asset China Advantage Fund Nil 0.00% Nil 0.00%
Mirae Asset Cash Managemennt Fund Nil 0.00% 1 26.08%
Mirae Asset Savings Fund Nil 0.00% 1 44.80%
Mirae Asset Dynamic Bond Fund Nil 0.00% Nil 0.00%

4 Details of Unit Capital are provided in Schedule 2 to Schedule 6.

5 Prior Year Comparatives: The figures of the previous period have been regrouped / rearranged, wherever applicable, to conform to current year’s
presentation

6 Expenses other than management fee is inclusive of service tax where applicable.

Guidance Note: Provide corresponding previous year/period figures for all the above disclosures.

32
 SCHEDULE - 2 : UNIT CAPITAL
TO THE FINANCIAL STATEMENTS FOR THE YEAR/PERIOD ENDED MARCH 31, 2017
MIRAE ASSET INDIA OPPORTUNITIES FUND MIRAE ASSET EMERGING BLUECHIP FUND
31 March, 2017 31 March, 2016 31 March, 2017 31 March, 2016
Quantity Amount Quantity Amount Quantity Amount Quantity Amount
(Rs. in 000's) (Rs. in 000's) (Rs. in 000's) (Rs. in 000's)

Regular Plan - Growth Option

Outstanding, beginning of year 356,080,668.010 3560807 207,214,522.748 2072145 312,251,396.871 3122513 149,400,081.157 1494000
Issued
-new fund offer - - - - - - - -
-during the year 270,358,067.770 2703581 189,142,172.417 1891422 365,604,361.938 3656044 195,150,530.189 1951505
Redeemed during the year (90,002,639.305) (900,026) (40,276,027.155) (402,760) (54,052,388.282) (540,524) (32,299,214.475) (322,992)
Outstanding, end of year 536,436,096.475 5364361 356,080,668.010 3560807 623,803,370.527 6238033 312,251,396.871 3122513

Regular Plan - Dividend Option

Outstanding, beginning of year 220,660,779.434 2206607 149,888,578.120 1498885 134,281,801.111 1342818 94,745,989.841 947460
Issued
-new fund offer - - - - - - - -
-during the year 178,498,212.692 1784982 110,655,018.964 1106550 83,015,850.197 830159 49,270,705.116 492707
Redeemed during the year (59,557,515.139) (595,575) (39,882,817.650) (398,828) (69,780,011.047) (697,800) (9,734,893.846) (97,349)
Outstanding, end of year 339,601,476.987 3396013 220,660,779.434 2206607 147,517,640.261 1475176 134,281,801.111 1342818

Direct Plan - Growth option

Outstanding, beginning of year 55,452,973.085 554531 16,987,280.203 169873 32,656,382.131 326564 13,107,836.467 131078
Issued
-new fund offer - - - - - - - -
-during the year 89,986,269.522 899864 44,167,387.365 441675 68,897,584.870 688976 23,225,456.557 232255
Redeemed during the year (9,468,333.271) (94,683) (5,701,694.483) (57,017) (5,068,814.527) (50,688) (3,676,910.893) (36,769)
Outstanding, end of year 135,970,909.336 1359711 55,452,973.085 554531 96,485,152.474 964851 32,656,382.131 326564

Direct Plan - Dividend option

Outstanding, beginning of year 7,194,816.415 71948 1,747,968.149 17480 3,153,098.958 31531 1,311,175.919 13112
Issued
-new fund offer - - - - - - - -
-during the year 18,028,126.485 180281 5,915,434.368 59154 8,159,635.752 81596 2,135,734.776 21357
Redeemed during the year (1,094,222.328) (10,942) (468,586.102) (4,686) (1,496,112.386) (14,961) (293,811.737) (2,938)
Outstanding, end of year 24,128,720.572 241287 7,194,816.415 71948 9,816,622.324 98166 3,153,098.958 31531

Total
Outstanding, beginning of year 639,389,236.944 6393891 375,838,349.220 3758382 482,342,679.071 4823426 258,565,083.384 2585650
Issued
-new fund offer - - - - - - - -
-during the year 556,870,676.469 5568707 349,880,013.114 3498801 525,677,432.757 5256774 269,782,426.638 2697824
Redeemed during the year (160,122,710.043) (1,601,227) (86,329,125.390) (863,291) (130,397,326.242) (1,303,973) (46,004,830.951) (460,048)
Outstanding, end of year 1,036,137,203.370 10361372 639,389,236.94 6393892 877,622,785.586 8776227 482,342,679.07 4823426

33
34
SCHEDULE - 3 : UNIT CAPITAL
TO THE FINANCIAL STATEMENTS FOR THE YEAR/PERIOD ENDED MARCH 31, 2017
MIRAE ASSET PRUDENCE FUND MIRAE ASSET TAX SAVER FUND
31 March, 2017 31 March, 2016 31 March, 2017 31 March, 2016
Quantity Amount Quantity Amount Quantity Amount Quantity Amount
(Rs. in 000's) (Rs. in 000's) (Rs. in 000's) (Rs. in 000's)

Regular Plan - Growth Option

Outstanding, beginning of year 145,184,258.829 1451843 0 0 36,799,405.209 367994 0 0
Issued
-new fund offer 98064980 980650 17784135 177841
-during the year 159,892,740.257 1598927 50324270 503243 155,047,961.955 1550480 19015270 190153
Redeemed during the year (30,758,725.501) (307,587) (3,204,991) (32,050) - - - -
Outstanding, end of year 274,318,273.585 2743183 145184259 1451843 191,847,367.164 1918474 36799405 367994

Regular Plan - Dividend Option

Outstanding, beginning of year 47,834,417.648 478344 0 0 8,930,349.964 89303 0 0
Issued
-new fund offer 33173732 331737 5529190 55292
-during the year 52,100,536.687 521005 16432326 164323 28,727,085.012 287271 3401160 34012
Redeemed during the year (10,996,425.149) (109,964) (1,771,640) (17,716) - - 0 0
Outstanding, end of year 88,938,529.186 889385 47834418 478344 37,657,434.976 376574 8930350 89303

Direct Plan - Growth option

Outstanding, beginning of year 3,029,621.562 30296 0 0 2,866,770.984 28668 0 0
Issued
-new fund offer 2763052 27631 1406750 14068
-during the year 17,453,747.625 174537 519599 5196 10,716,647.652 107166 1460021 14600
Redeemed during the year (188,627.982) (1,886) (253,029) (2,530) - - 0 0
Outstanding, end of year 20,294,741.205 202947 3029622 30296 13,583,418.636 135834 2866771 28668

Direct Plan - Dividend option

Outstanding, beginning of year 464,046.148 4640 0 0 351,860.490 3519 0 0
Issued
-new fund offer 354355 3544 157150 1572
-during the year 756,176.313 7562 125450 1255 985,284.028 9853 194710 1947
Redeemed during the year (156,191.683) (1,562) (15,759) (158) - - 0 0
Outstanding, end of year 1,064,030.778 10640 464046 4640 1,337,144.518 13371 351860 3519

Total
Outstanding, beginning of year 196,512,344.187 1965123 0 0 48,948,386.647 489484 0 0
Issued
-new fund offer - - 134,356,119 1,343,561 - - 24,877,225 248,772
-during the year 230,203,200.882 2302032 67401645 674016 195,476,978.647 1954770 24071162 240712
Redeemed during the year (42,099,970.315) (421,000) (5,245,420) (52,454) - - - -
Outstanding, end of year 384,615,574.754 3846156 196,512,344.19 1965123 244,425,365.294 2444254 48,948,386.65 489484
 SCHEDULE - 4 : UNIT CAPITAL
TO THE FINANCIAL STATEMENTS FOR THE YEAR/PERIOD ENDED MARCH 31, 2017
MIRAE ASSET GREAT CONSUMER FUND MIRAE ASSET CHINA ADVANTAGE FUND
31 March, 2017 31 March, 2016 31 March, 2017 31 March, 2016
Quantity Amount Quantity Amount Quantity Amount Quantity Amount
(Rs. in 000's) (Rs. in 000's) (Rs. in 000's) (Rs. in 000's)

Regular Plan - Growth Option

Outstanding, beginning of year 15,790,650.816 157907 11,884,201.261 118842 5,694,663.073 56947 10,347,834.397 103478
Issued
-new fund offer - - - - - - - -
-during the year 7,420,268.712 74203 6,212,890.567 62129 719,579.464 7196 1,210,524.058 12105
Redeemed during the year (3,784,660.387) (37,847) (2,306,441.012) (23,064) (3,775,508.223) (37,755) (5,863,695.382) (58,637)
Outstanding, end of year 19,426,259.141 194263 15,790,650.816 157907 2,638,734.314 26387 5,694,663.073 56947

Regular Plan - Dividend Option

Outstanding, beginning of year 3,392,417.178 33924 2,298,144.275 22981 1,127,370.327 11274 1,356,120.943 13561
Issued
-new fund offer - - - - - - - -
-during the year 4,174,218.472 41742 3,489,211.113 34892 83,049.360 830 429,176.149 4292
Redeemed during the year (1,246,038.221) (12,460) (2,394,938.210) (23,949) (328,053.851) (3,281) (657,926.765) (6,579)
Outstanding, end of year 6,320,597.429 63206 3,392,417.178 33924 882,365.836 8824 1,127,370.327 11274

Direct Plan - Growth option

Outstanding, beginning of year 998,761.477 9988 830,715.697 8307 891,044.522 8910 1,176,424.746 11764
Issued
-new fund offer - - - - - - - -
-during the year 510,631.489 5106 574,145.499 5741 901,153.399 9012 249,364.667 2494
Redeemed during the year (413,462.333) (4,135) (406,099.719) (4,061) (169,779.163) (1,698) (534,744.891) (5,347)
Outstanding, end of year 1,095,930.633 10959 998,761.477 9988 1,622,418.758 16224 891,044.522 8910

Direct Plan - Dividend option

Outstanding, beginning of year 45,773.953 458 32,084.255 321 26,618.393 266 16,772.460 168
Issued
-new fund offer - - - - - - - -
-during the year 109,425.236 1094 20,804.357 208 11,088.529 111 54,142.485 541
Redeemed during the year (9,690.549) (97) (7,114.659) (71) (22,011.359) (220) (44,296.552) (443)
Outstanding, end of year 145,508.640 1456 45,773.953 458 15,695.563 157 26,618.393 266

Total
Outstanding, beginning of year 20,227,603.424 202277 15,045,145.488 150452 7,739,696.315 77397 12,897,152.546 128972
Issued
-new fund offer - - - - - - - -
-during the year 12,214,543.909 122145 10,297,051.536 102971 1,714,870.752 17149 1,943,207.359 19432
Redeemed during the year (5,453,851.490) (54,539) (5,114,593.600) (51,146) (4,295,352.596) (42,954) (7,100,663.590) (71,007)
Outstanding, end of year 26,988,295.843 269884 20,227,603.42 202277 5,159,214.471 51592 7,739,696.32 77397

35
 SCHEDULE - 5 : UNIT CAPITAL
TO THE FINANCIAL STATEMENTS FOR THE YEAR/PERIOD ENDED MARCH 31, 2017
MIRAE ASSET CASH MANAGEMENNT FUND
March 31, 2017 March 31, 2016
Quantity Amount Quantity Amount
(Rs. in 000's) (Rs. in 000's)

Regular Plan - Growth Option

Outstanding, beginning of year 239,098.203 239098 196,923.549 196924
Issued
-during the year 1,946,474.700 1946475 828,997.335 828997
Redeemed during the year (1,557,970.024) (1,557,970) (786,822.681) (786,823)
Outstanding, end of year 627,602.879 627,603.000 239,098.203 239098
Regular Plan - Daily Dividend Option
Outstanding, beginning of year 73,252.569 73252 53,479.116 53479
Issued
-during the year 667,812.338 667812 481,331.007 481331
Redeemed during the year (494,274.529) (494,275) (461,557.554) (461,558)
Outstanding, end of year 246,790.378 246,789.000 73,252.569 73252
Regular Plan - Weekly Dividend Option
Outstanding, beginning of year 65,754.992 65755 35,165.975 35166
Issued
-during the year 416,305.266 416305 220,498.217 220498
Redeemed during the year (359,116.099) (359,116) (189,909.200) (189,909)
Outstanding, end of year 122,944.159 122,944.000 65,754.992 65755
Regular Plan - Monthly Dividend Option
Outstanding, beginning of year 29,897.140 29898 5,953.759 5955
Issued
-during the year 84,981.076 84981 48,602.929 48603
Redeemed during the year (80,943.640) (80,944) (24,659.548) (24,660)
Outstanding, end of year 33,934.576 33,935.000 29,897.140 29898
Direct Plan - Growth option
Outstanding, beginning of year 236,710.369 236710 179,845.290 179,845
Issued
-during the year 36,280,090.870 36280091 5,991,290.402 5991290
Redeemed during the year (35,999,510.522) (35,999,511) (5,934,425.323) (5,934,425)
Outstanding, end of year 517,290.717 517,290.000 236,710.369 236710
Direct Plan - Daily Dividend Option
Outstanding, beginning of year 28,478.888 28478 51,123.407 51,123
Issued
-during the year 128,358.132 128358 208,529.230 208529
Redeemed during the year (116,287.947) (116,288) (231,173.749) (231,174)
Outstanding, end of year 40,549.073 40,548.000 28,478.888 28478
Direct Plan - Weekly Dividend Option
Outstanding, beginning of year 1,146.874 1147 897.348 897
Issued
-during the year 24,713.714 24714 5,101.738 5102
Redeemed during the year (16,852.759) (16,853) (4,852.212) (4,852)
Outstanding, end of year 9,007.829 9,008.000 1,146.874 1147
Direct Plan - Monthly Dividend Option
Outstanding, beginning of year 153.500 154.00 - 0
Issued
Issued during the year 8,451.298 8,451.00 599.898 600
Redeemed during the year (5,032.932) (5,033.00) (446.398) (446)
Outstanding, end of year 3,571.866 3,572.000 153.500 154.000
Total
Outstanding, beginning of year 674,492.535 674493 523,388.444 523389
Issued
-during the year 39,557,187.394 39557187 7,784,950.756 7784951
Redeemed during the year (38,629,988.452) (38,629,988) (7,633,846.665) (7,633,847)
Outstanding, end of year 1,601,691.477 1,601,692.000 674,492.535 674493

36
 SCHEDULE - 6 : UNIT CAPITAL
TO THE FINANCIAL STATEMENTS FOR THE YEAR/PERIOD ENDED MARCH 31, 2017
MIRAE ASSET MIRAE ASSET
SAVINGS FUND DYANMIC BOND FUND
March 31, 2017 March 31, 2016 March 31, 2017
Quantity Amount Quantity Amount Quantity Amount
(Rs. in 000's) (Rs. in 000's) (Rs. in 000's)
Regular Plan - Growth option
Outstanding, beginning of year/period 554.397 554 929.908 930 - -
Issued
-new fund offer - - - - 39,757,946.758 397579
-during the year/period - - - - 5,979,186.659 59792
Redeemed during the year/period (155.260) (155) (375.511) (376) (10,024.628) (100)
Outstanding, end of year/period 399.137 399 554.397 554 45,727,108.789 457,271.000
Regular Plan - Dividend option
Outstanding, beginning of year/period 689.486 689 3,181.340 3,181 - -
Issued
-new fund offer - - - - 3,803,427.128 38034
-during the year/period - - - - 10,752.867 108
Redeemed during the year/period (228.537) (229) (2,491.854) (2,492) - -
Outstanding, end of year/period 460.949 460 689.486 689 3,814,179.995 38,142
Regular Plan - Weekly Dividend option
Outstanding, beginning of year/period 2.060 2 271.697 272 - -
Issued
-new fund offer - - - - - -
-during the year/period - - - - - -
Redeemed during the year/period - - (269.637) (270) - -
Outstanding, end of year/period 2.060 2 2.060 2 - -
Regular Plan - Monthly Dividend option
Outstanding, beginning of year/period 124.693 125 148.159 148 - -
Issued
-new fund offer - - - - - -
-during the year/period - - - - - -
Redeemed during the year/period (69.541) (70) (23.466) (23) - -
Outstanding, end of year/period 55.152 55 124.693 125 - -
Savings Plan - Growth option
Outstanding, beginning of year/period 242,146.378 242,147 135,093.455 135,094 - -
Issued
-new fund offer - - - - - -
-during the year/period 2,102,821.716 2,102,822 673,548.278 673,548 -
Redeemed during the year/period (1,414,403.656) (1,414,404) (566,495.355) (566,495) -
Outstanding, end of year/period 930,564.438 930,565 242,146.378 242,147 - -
Savings Plan - Quarterly Dividend option
Outstanding, beginning of year/period 4,851.311 4,852 5,081.885 5,082 - -
Issued
-new fund offer - - - - - -
-during the year/period 2,659.005 2,659 3,061.786 3,062 -
Redeemed during the year/period (4,861.900) (4,862) (3,292.360) (3,292) -
Outstanding, end of year/period 2,648.416 2,649 4,851.311 4,852 - -
Savings Plan - Weekly Dividend option
Outstanding, beginning of year/period 31,985.145 31,986 13,532.452 13533 - -
Issued
-new fund offer - - - 0 - -
-during the year/period 334,188.436 334,188 80,882.937 80883 -
Redeemed during the year/period (245,632.147) (245,632) (62,430.244) (62,430) -
Outstanding, end of year/period 120,541.434 120,542 31,985.145 31,986 - -
Savings Plan - Monthly Dividend option
Outstanding, beginning of year/period 22,935.426 22,936 14,010.972 14011 - -
Issued
-new fund offer - - - - - -
Issued during the year/period 78,980.154 78,980 49,698.685 49699 -
Redeemed during the year/period (43,814.696) (43,815) (40,774.231) (40,774) -
Outstanding, end of year/period 58,100.884 58,101 22,935.426 22,936 - -

37
 SCHEDULE - 6 : UNIT CAPITAL
TO THE FINANCIAL STATEMENTS FOR THE YEAR/PERIOD ENDED MARCH 31, 2017 (contd...)
MIRAE ASSET MIRAE ASSET
SAVINGS FUND DYANMIC BOND FUND
March 31, 2017 March 31, 2016 March 31, 2017
Quantity Amount Quantity Amount Quantity Amount
(Rs. in 000's) (Rs. in 000's) (Rs. in 000's)

Savings Plan - Daily Dividend option

Outstanding, beginning of year/period 84,038.106 84,039 20,640.342 20,641.00 - -
Issued
-new fund offer - - - - - -
Issued during the year/period 608,288.367 608,288 403,430.758 403431 -
Redeemed during the year/period (480,628.671) (480,629) (340,032.994) (340,033) -
Outstanding, end of year/period 211,697.802 211,698 84,038.106 84,039 - -
Direct Plan - Growth option
Outstanding, beginning of year/period 308,134.911 308,135 46,416.980 46417 - -
Issued
-new fund offer - - - - 2,687,480.181 26875
-during the year/period 911,528.351 911,528 382,841.988 382842 287,979.417 2880
Redeemed during the year/period (751,945.882) (751,946) (121,124.057) (121,124) - -
Outstanding, end of year/period 467,717.380 467,717 308,134.911 308,135 2,975,459.598 29,755
Direct Plan - Daily Dividend option
Outstanding, beginning of year/period 5,662.924 5,663 389.319 389.000 - -
Issued
-new fund offer - - - - 115,100.000 1151
-during the year/period 77,470.722 77,471 8,725.786 8,726.000 - 0
Redeemed during the year/period (73,120.446) (73,120) (3,452.181) (3,452.000) - -
Outstanding, end of year/period 10,013.200 10,014 5,662.924 5,663 115,100.000 1,151
Direct Plan - Weekly Dividend option
Outstanding, beginning of year/period 413.874 413 422.362 422 - -
Issued
-new fund offer - - - - - -
-during the year/period 7,704.812 7,705 1,128.092 1,128 - -
Redeemed during the year/period (6,552.234) (6,552) (1,136.580) (1,137) - -
Outstanding, end of year/period 1,566.452 1,566 413.874 413 - -
Direct Plan - Monthly Dividend option
Outstanding, beginning of year/period 171.657 172 - - - -
Issued
-new fund offer - - - - - -
Issued during the year/period 6,832.633 6,833 222.994 223 - -
Redeemed during the year/period (1,390.239) (1,390) (51.337) (51) - -
Outstanding, end of year/period 5,614.051 5,615 171.657 172 - -
Direct Plan - Quarterly Dividend option
Outstanding, beginning of year/period 306.323 307 1,181.447 1182 - -
Issued - -
-new fund offer - - - - - -
Issued during the year/period 253.571 254 372.302 372 - -
Redeemed during the year/period (168.896) (169) (1,247.426) (1,247) - -
Outstanding, end of year/period 390.998 392 306.323 307 - -
Total
Outstanding, beginning of year/period 702,017.000 702,020 241,300.318 241,302 - -
Issued
-new fund offer - - - - 46,363,954.067 463,640
-during the year/period 4,130,727.767 4,130,728 1,603,913.606 1,603,914 6,277,918.943 62,779
Redeemed during the year/period (3,022,972.105) (3,022,973) (1,143,197.233) (1,143,196) (10,024.628) (100)
Outstanding, end of year/period 1,809,773.000 1,809,775 702,017.000 702,020 52,631,848.000 526,318

38
 Book-Post / Courier

In case undelivered, the same needs to be returned to For more information

“Karvy Computershare Private Limited”, 1-800-2090-777 (Toll free)
Unit - Mirae Asset Mutual Fund SMS “INVEST” to 92430 00300
www.miraeassetmf.co.in
Karvy Selenium, Tower B, Plot No.31 & 32, Financial District,
customercare@miraeasset.com
Gachibowli, Hyderabad - 500 032

INVESTOR SERVICE CENTRES (ISC) - Karvy Computershare Private Limited (REGISTRAR)

• Adayar - New No.51, Gandhi Nagar, First Main Road, Adayar - 600020 • Agra - 1st Floor, Deepak Wasan Plaza, Behind Holiday Inn, Opp Megdoot
Furnitures,Sanjay Place - 282002 • Ahmedabad - 201/202 Shail, Opp: Madhusudan House, Navrangpura - 380006 • Ajmer - S. No. 1 & 2, 2nd Floor, Ajmer
Tower, Kutchery Road - 305001 • Allahabad - Rsa Towers, 2nd Floor, Above Sony Tv Showroom, 57, S P Marg, Civil Lines - 211001 • Amritsar - 72-A, Taylor’S
Road, Opp Aga Heritage Club - 143001 • Anand - B-42 Vaibhav Commercial Center, Nr Tvs Down Town Shrow Room, Grid Char Rasta - 380001 • Asansol -
114/71 G T Road, Near Sony Centre, Bhanga Pachil, Asansol - 713303 • Aurangabad - Ramkunj Niwas, Railway Station Road, Near Osmanpura Circle - 431005
• Balasore - Gopalgaon, M.S Das Street, Gopalgaon, Balasore,Orissa - 756001 • Bangalore - 59, Skanda puttanna Road, Basavanagudi - 560004 • Baroda
- Sb-5, Mangaldeep Complex, Opp. Masonic Hall, Productivity Road, Alkapuri, - 390007 • Bharuch - Shop No 147-148, Aditya Complex, Near Kasak Circle -
392001 • Bhavnagar - Office No 306-307, 3rd Floor, Krushna Darshan Complex, Above Jed Blue Show Room, Parimal Chowk, - 364002 • Bhilai - Shop No -1,
First Floor, Plot No -1, Commercial Complex, Nehru Nagar- East - 490020 • Bhopal - Kay Kay Business Centre, 133, Zone I, Mp Nagar, Above City Bank - 462011
• Bhubaneswar - A/181, Back Side Of Shivam Honda Show Room, Saheed Nagar, - 751007 • Burdwan - 63 Gt Road, Halder Complex 1st Floor, - 713101
• Calicut - Iind Floor Soubhagya Shopping Complex, Arayidathpalam, Mavoor Road - 673004 • Chandigarh - SCO 2423-2424, Sector 22-C, - 160022 •
Chennai - F-11, Akshaya Plaza, 1st Floor, 108, Adhithanar Salai, Egmore, Opp To Chief Metropolitan Courier - 600002 • Cochin - Ali Arcade, 1st Floor,Kizhavana
Road, Panampilly Nagar, Near Atlantis Junction - 682036 • Coimbatore - 1057, Jaya Enclave, 3rd Floor, Avinashi Road, - 641018 • Cuttack - Po - Buxi
Bazar, Cuttack, Opp Dargha Bazar, Dargha Bazar - 753001 • Dalhousie# - 2nd Floor, No.226, Martin Burn Building 1, R N Mukherjee Road, Opp. Lal Bazar
Police H Q, Dalhousie - 700001 • Dehradun - Kaulagarh Road, Near Sirmaur Margabove, Reliance Webworld - 248001 • Dhanbad - 208 New Market 2nd
Floor, Bank More, - 826001 • Durgapur - M W A V - 16, Bengal Ambuja, 2nd Floor, City Centre, - 713216 • Faridabad - A-2B, Ist Floor, Nehru Groundnit, -
121001 • Gandhinagar - Plot No - 945/2, Sector - 7/C, Opp Pathika - 382007 • Ghaziabad - 1st Floorc-7, Lohia Nagar, - 201001 • Gorakhpur - Above V.I.P.
Houseajdacent, A.D. Girls College, Bank Road - 273001 • Gurgaon - Shop No.18, Ground Floor,Sector - 14, Opp. Akd Tower, Near Huda Office - 122001
• Guwahati - 54 Sagarika Bhawan 2nd Floor, R G Barooah Road, Aidc, Near Baskin Robbins - 781024 • Hubli - 22nd & 23Rd, 3Rd Floor, Eureka Junction,
Travellers Bunglow - 580029 • Hyderabad - Karvy Centre, 8-2-609/K, Avenue 4, Street No 1, Banjara Hills - 500034 • Indore - 2nd Floor, 203-205, Balaji
Corporates, Above ICICI Bank, 19/1, New Palasia, - 452001 • Jabalpur - Grover Chamber, 43 Naya Bazar, Malviya Chowk, Opposite Shyam Market, Jabalpur
- 482002 • Jaipur - S16/A Iiird Floor, Land Mark Building Opp Jai Club, Mahaver Marg C Scheme - 302001 • Jalandhar - Arora Prime Tower, Lowe Ground
Floor, Office No 3 Plot No 28 - 144001 • Jamnagar - 136-137-138, Madhav Palaza, Opp SBI Bank, Nr Lal Bunglow - 361001 • Jamshedpur - 2nd Floor,
R R Square, SB Shop Area, Near Reliance Footprint and Hotel, BS Park Plaza, Main Road, Bistupur - 831001 • Jhansi - 371/01, Narayan Plaza, Gwalior
Road, Near Jeevan Shah Chauraha - 284001 • Jodhpur - 203, Modi Arcade, Chopasni Road, - 342001 • Kanpur - 15/46, B, Ground Floor, Opp : Muir Mills,
Civil Lines - 208001 • Kharagpur# - 180, Malancha Road, Beside Axis Bank Ltd, Kharagpur, - 721304 • Kolhapur - 605/1/4 E Ward, Shahupuri 2nd Lane,
Laxmi Niwas, Near Sultane Chambers - 416001 • Kolkata - 166 A Rashbihari Avenue 2nd Floor, -, Opp- Fortish Hospital - 700029 • Lucknow - 1st Floor, A.A.
Complex, Thaper House, 5 Park Road, Hazratganj, - 226001 • Ludhiana - Sco - 136, 1st Floor Above Airtel Showroom, Feroze Gandhi Market - 141001 •
Madurai - Rakesh towers, 30-C, Ist Floor, Bye pass Road, Opp Nagappa motors, - 625010 • Mangalore - Mahendra Arcade, Opp. Court Road, Karangal Padi,
Mangalore - 575003 • Mehsana - Ul/47 Apollo Enclave, Opp Simandhar Temple, Modhera Cross Road - 384002 • Moradabad - Om Arcade, Parker Road,
Above Syndicate Bank,Chowk Tari Khana - 244001 • Mumbai-Borivali# - Ground Floor, Himanshu Bldg, Sodawala Lane, Lina Chandawarkar Road, Borivali -
400091 • Mumbai-Chembur# - Shop No.4, Ground Floor, Shram Safalya Building, N G Acharya Marg, Chembur - 400071 • Mumbai-Fort - 24/B, Raja Bahadur
Compound, Ambalal Doshi Marg, Behind BSE Bldg, Fort - 400001 • Mumbai-Thane# - 101, Yashwant Building, Ram Ganesh, Gadkari Path, Ram Maruti
Road, Naupada, Thane - 400602 • Mumbai-Vashi# - Shop No-153-B, Grnd Floor, Plot No 80-81, Vashi Plaza, Sector 17, Near Apna Bazar, Vashi - 400705
• Mumbai-Vile Parle# - 104, Sangam Arcade, V P Road, Opp. Railway Station, Above Axis Bank, Vile Parle West - 400056 • Muzaffarpur - I St Floor, Uma
Market, Thana Gumtimoti Jheel - 842001 • Mysore - L-350,Silver Tower, Ashoka Road, Opp.Clock Tower - 570001 • Nadiad - 104/105, Near Paras Cinema,
City Point Nadiad - 387001 • Nagpur - Plot No 2/1 House No 102/1, Mata Mandir Road, Mangaldeep Appartment Opp Khandelwal Jewelers, Dharampeth -
440010 • Nasik - F-1, Suyojit Sankul, Sharanpur Road, Near Rajiv Gandhi Bhavan, Nasik - 422002 • Navsari - 1/1 Chinmay Aracade, Opp. Sattapir Road,
Tower Road, Navsari - 396445 • New Delhi - 305 New Delhi House, 27 Barakhamba Road, Connaught Place - 110001 • Noida - 405, 4th Floor, Vishal Chamber,
Plot No -1, Sector-18, - 201301 • Panipat - 1st Floor, Krishna Tower, Above Amertex,G.T. Road, - 132103 • Panjim - City Business Centre, Coelho Pereira
Building, Room No. 18,19 & 20, Dada Vaidya Road, Panjim - 403001 • Patiala - Sco 27 D, Chotti Baradari, Near Car Bazaar - 147001 • Patna - 3A, 3Rd Floor
Anand Tower, Exhibition Road, Opp Icici Bank - 800001 • Pondicherry - No:7, Thiayagaraja Street, - 605001 • Pune - Mozaic Bldg., CTS No. 1216/1, Final Plot
No.576/1 TP, Scheme No. 1, F C Road, Bhamburda, Shivaji Nagar, - 411004 • Raipur - 2 & 3 Lower Level, Millenium Plaza, Room No. Ll 2& 3, Behind Indian
Coffee House, - 492001 • Rajkot - 104, Siddhi Vinyak Com. Opp Ramkrishna Ashram, Dr Yagnik Road, Rajkot - 360001 • Ranchi - Room No 307 3Rd Floor,
Commerce Tower, Beside Mahabir Tower - 834001 • Rourkella# - 1st Floor, Sandhu Complex, Kacheri Road, Udit Nagar, Rourkella - 769012 • Salem - No.40,
2nd Floor, Brindavan Road, Fairlands, Near Perumal Koil, Salem - 636016 • Secunderabad# - C/o Karvy Fin.Ser.Ltd, 1st Floor, Thirumala Complex, Paradise
Circle, S.D Road, Opp. Hotel Kamat, - 500003 • Siliguri - Nanak Complex, Sevoke Road, - 734001 • Surat - G-5 Empire State Buliding, Nr Udhna Darwaja,
Ring Road - 395002 • Trichy - 60, Sri Krishna Arcade, Thennur High Road, - 620017 • Trivandrum - 2nd Floor, Akshaya Tower, Sasthamangalam - 695010
• Udaipur - 201-202, Madhav Chambers, Opp G P O, Chetak Circle - 313001 • Valsad - Shop No 2, Phiroza Corner, Opp Next Show Room, Tithal Road -
396001 • Vapi - Shop No-12, Ground Floor, Sheetal Appatment, Near K P Tower - 396195 • Varanasi - D-64/132, 1st Floor, Anant Complex, Sigra, Varanasi
- 221010 • Vellore - No.1, M N R Arcade, Officers Line, Krishna Nagar, Vellore - 632001 • Vijayawada - 39-10-7, Opp : Municipal Water Tank, Labbipet - 520010
• Visakhapatnam - Door No 48-8-7, Dwaraka Diamond, Ground Floor, Srinagar - 530016 • Warrangal - 5-6-95, 1st Floor, Opp. B Ed College, Lashkar Bazar,
Chandra Complex, Hanmakonda - 506001. For updates Branch/sales offices and investor service centres address please log on to www.miraeassetmf.co.in