Mirae Asset India Opportunities Fund-Reg(G): Bets at right price

ET Intelligence Group: In the past one month, Sensex has fallen about 2.5%. This fall, which can be largely attributed to surgical strikes of Indian Army across Line of Control ( LoC), should present a good opportunity for investors to look at schemes which invest in companies across market capitalisation. One such scheme is Mirae Asset India Opportunities.

Mirae Asset India Opportunities is a quality-conscious scheme. Managed by Neelesh Surana and Sumit Agrawal, the scheme has sharp focus on companies which have high return on capital employed and which can generate growth in terms of rising cashflows.

The fund managers do not compromise on valuations. If a company is trading at a high valuation, these fund managers would not overpay. By marrying these two principles, the scheme has consistently given superior returns in the past.

In three-year and five-year periods, the scheme has given 27.4% and 20% returns, respectively, while its benchmark BSE 200 has given 17.6% and 13% returns, respectively, in the same period.

At present, the scheme is invested in well-placed large-sized companies which would be key beneficiaries of any momentum in demand in their respective sectors.These companies not only have a well-established market share and order book but also have posted reasonably good financial performance record.

A few prominent companies in the scheme's portfolio are UltraTech Cement, HDFC Bank, Larsen & Toubro, Dabur India and Sun Pharmaceuticals.