Mirae Mutual Fund announced the launch of Mirae Asset India-China Consumption Fund, an open ended equity oriented scheme. The scheme will focus on sectors/ companies benefiting from consumption led demand that is driving the world's fastest growing economies, India and China. The new fund will open on 9th March, 2011 and close on 23rd March, 2011. During the New Fund Offer period, units of the scheme willbe offer at Rs 10 per unit. The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. The scheme will use a customized benchmark index that constitutes MSCI India Consumption Index (65%) and MSCI China Consumption Index (35%). The investments in India under the scheme will be managed by Mr. Gopal Agrawal, Dy. CIO & Head - Equity and Mr. Neelesh Surana, Sr. Fund Manager (Equity). Mr. Basavraj Shetty will be the dedicated fund manager for overseas investments.