Mumbai, Ranked among top 10 percentile of funds for Very Good Performance in Diversified Equity Funds category; Fund has outperformed benchmark (BSE 200) by 20.5% in the last 1 year (as on 30th June 2010); Ranking based on risk adjusted returns, asset concentration, liquidity, asset quality and asset size

Mirae Asset India Opportunities Fund, the flagship fund of Mirae Asset Mutual Fund, has received the top rank; CRISIL Fund Rank 1 from CRISIL, Indias leading Ratings, Research, Risk and Portfolio Advisory Company for the quarter ended June 2010. The top rank is given to only the top 10 percentile of funds and connotes Very Good Performance. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.

Commenting on the achievement, Mr. Arindam Ghosh, CEO, Mirae Asset Global Investments (India) Pvt. Ltd. said The CRISIL top ranking is a testimony of the funds impressive performance which is an outcome of our distinct investment philosophy and intense research driven investment approach followed by our equity research and investment team. The fact that the rankings are based on multiple factors makes this achievement even more noteworthy.

Mirae Asset India Opportunities Fund, which was launched in April 2008 at the onset of the financial crisis, has managed to deliver impressive performance despite the global meltdown which saw the Indian stock markets crashing from the Sensex levels of 21000 plus in Jan 2008 to below 8200 in Mar 2009 (Source: BSE Sensex). A point to note is that the fund has managed to outperform its benchmark index across time periods as highlighted in the table below:

Last 1 year*

Last 2 years*

Since inception

MAIOF

47.70%

30.66%

20.06%

Benchmark (BSE 200)

27.22%

16.93%

7.84%

Outperformance to benchmark

20.48%

13.73%

12.22%

Past performance may or may not be sustained in future.

Since inception returns based on NAV of Rs.10/- Inception date (deemed to be date of allotment):04.04.2008. Data based on NAV of Rs. 15.40 (Regular plan - Growth option) as on 30th June 2010. * - Returns are computed as Compounded Annualized Growth Returns (CAGR). The calculations of returns shall assume reinvestment of all payouts at the then prevailing NAV. Last one year returns are higher largely due to market recovery. The past performance may not necessarily be an indication of future results and may not necessarily provide basis for comparison with other investments

The CRISIL ranking is based on a single point analysis of mutual funds taking into consideration a host of factors which include risk adjusted returns, asset concentration, liquidity, asset quality and asset size. This unique process of evaluating funds based on a combination of factors makes this ranking far more robust thereby allowing investors a critical tool to support their investment decisions.

Notes to Editor

About Mirae Asset

Mirae Asset Global Investments (India) is a wholly-owned subsidiary of the Mirae Asset Financial Group. The AMC manages assets of Rs. 271 crores* in domestic funds while also offering advisory services for off-shore funds amounting to USD 3.5 billion* (approx Rs. 16,200 crores) as on 30th July 2010.

In less than a decade Mirae Asset Global Investments has become one of the worlds largest investors in emerging market equities managing assets of over USD 51 billion* (approx Rs. 2,37,000 crores) in these markets as on June 2010.

Headquartered in South Korea, Mirae Asset Global Investments also has investment management operations in Hong Kong, United Kingdom, India, Vietnam, USA, and Brazil. Apart from Asset management, Mirae Asset Financial Group has business interest in Life Insurance, Securities and Investment & Venture Capital.

Source: Mirae Asset Global Investments

CRISIL Ranking Methodology

CRISIL Fund Rank 1 - The mutual fund ranking of Mirae Asset India Opportunities Fund is Very Good Performance in the Open Ended Diversified Equity Category, and ranks within the Top 10% of the 74 schemes ranked in this category. The criteria used in computing the CRISIL Mutual Fund Ranking are Superior Return Score, based on NAVs over the 2-year period ended June 30, 2010, Concentration and Liquidity of the scheme. The methodology does not take into account the entry and exit loads levied by the scheme. The CRISIL Mutual Fund Ranking is no indication of the performance that can be expected from the scheme in future.

Ranking Source: CRISIL Fund Services, CRISIL Limited

Investment Objective: Mirae Asset India Opportunities Fund (An open-ended equity oriented scheme): To generate long term capital appreciation by capitalizing on potential investment opportunities through predominantly investing in equities, equity related securities. The scheme does not assure or guarantee any returns. Asset Allocation: (1) Indian Equities and Equity Related Securities: 65% to 100% (2) Money market instruments / debt securities Instruments: 0% to 35% (Including up to 25% of corpus in securitized debt).Transparency: The NAV will be calculated at the close of every working day and shall be published in two daily newspapers. Load Structure: Entry Load: In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors assessment of various factors including the service rendered by the distributor. Exit Load: If redeemed within 12 months from the date of allotment (including Systematic Investment Plan/ Systematic Transfer Plan): 1.00%.

Risk Factors: Mutual Fund investments are subject to market risks and there is no assurance or guarantee that the objectives of the scheme will be achieved. As with any investment in securities, the Net Asset Value (NAV) of the units issued under the Schemes can go up or down depending on the factors and forces affecting the capital markets. Past performance of the Sponsor does not indicate the future performance of the Schemes of Mirae Asset Mutual Fund. The sponsors are not liable or responsible for any loss resulting from the operation of the fund beyond the initial contribution made by them of an aggregate amount of Rupees One lakh towards setting up of the fund. Mirae Asset India Opportunities Fund is only the name of the scheme and does not in any manner indicate either the quality of the scheme or its future prospects or returns. Investors in the scheme are not being offered any guaranteed / assured/ indicative returns. Please see Risk Factors, Scheme Specific Risk Factors and Special Consideration and Right to limit redemptions in the scheme Information Document.