Mirae Asset Multi Factor Fund

DRAFT SCHEME INFORMATION DOCUMENT

SECTION I SO-1 MIRAE ASSET MULTI FACTOR FUND (An open-ended equity scheme following a multi factor based investment theme) SO-3

Note: The above Product Labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made.

The subscription list may be closed earlier by giving at least one day’s notice in one daily newspaper.

The Trustee reserves the right to extend the closing date of the New Fund Offer Period, subject to the condition that the subscription list of the New Fund Offer Period shall not be kept open for more than 15 days.

Offer of Units of Rs. 10/- per unit for cash during the New Fund Offer Period and continuous offer for units at NAV based prices.

New Fund Offer opens on: - XX/XX/XXXX

New Fund Offer closes on: - XX/XX/XXXX Scheme re-opens on: - XX/XX/XXXX

Name of Mutual Fund: Mirae Asset Mutual Fund

Name of Asset Management Company: Mirae Asset Investment Managers (India) Private Limited

CIN: U65990MH2019PTC324625

Name of Trustee Company: Mirae Asset Trustee Company Private Limited

CIN: U65191MH2007FTC170231 Registered & Corporate Office:

Unit No.606, Windsor Building, Off. C.S.T Road, Kalina, Santacruz (East), Mumbai – 400098 Tel. No.: 022-678 00 300 Fax No.: 022- 6725 3940 - 47

Website: www.miraeassetmf.co.in E-mail: miraeasset@miraeassetmf.co.in The particulars of the Scheme have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 (hereinafter referred to as SEBI (Mutual Funds) Regulations) as amended till date and circulars issued thereunder filed with SEBI, along with Due Diligence Certificate from the Asset Management Company. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the SID.

The Scheme Information Document sets forth concisely the information about MIRAE ASSET MULTI FACTOR FUND that a prospective investor ought to know before investing. Before Investing, investor should also ascertain about any further changes to this SID after the date of this Document from the Mutual Fund/ Investor Service Centers/ Website/ Distributors or Brokers.

Mirae Asset Multi Factor Fund Page 1 of 73The Investors are advised to refer to the Statement of Additional Information (SAI) for details of Mirae Asset Mutual Fund, standard risk factors, special considerations, tax and legal issues and general information on www.miraeassetmf.co.in SAI is incorporated by reference (is legally a part of the SID). For a free copy of the current SAI, please contact your nearest Investor Service Centre or log on to our website.

The SID (section I & II) should be read in conjunction with SAI and not in isolation.

This SID is dated XX/XX/XXXX Mirae Asset Multi Factor Fund Page 2 of 73TABLE OF CONTENT

SECTION I ............................................................................................................................................ 1 PART I. HIGHLIGHTS/SUMMARY OF THE SCHEME .............................................................. 4 DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY ............................................. 10 PART II. INFORMATION ABOUT THE SCHEME ................................................................... 11 A. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? ...................................................... 11 B. WHERE WILL THE SCHEME INVEST? .............................................................................. 14 C. WHAT ARE THE INVESTMENT STRATEGIES? ................................................................ 14 D. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? .................................. 17 E. WHO MANAGES THE SCHEME? ........................................................................................ 18 F. HOW IS THE SCHEME DIFFERENT FROM EXISTING SCHEMES OF THE MUTUAL FUND? .............................................................................................................................................. 18 G. HOW HAS THE SCHEME PERFORMED? ........................................................................... 19 H. ADDITIONAL SCHEME RELATED DISCLOSURES ......................................................... 19 PART III- OTHER DETAILS ........................................................................................................... 20 A. COMPUTATION OF NAV ...................................................................................................... 20 B. NEW FUND OFFER (NFO) EXPENSES ................................................................................ 21 C. ANNUAL SCHEME RECURRING EXPENSES .................................................................... 21 D. LOAD STRUCTURE ............................................................................................................... 24

SECTION II ........................................................................................................................................ 26 I. INTRODUCTION .................................................................................................................... 26 A. DEFINITIONS/INTERPRETATION ....................................................................................... 26 B. RISK FACTORS ...................................................................................................................... 26 C. RISK MITIGATION STRATEGIES ....................................................................................... 31 II. INFORMATION ABOUT THE SCHEME: ............................................................................. 34 A. WHERE WILL THE SCHEME INVEST: ............................................................................... 34 B. WHAT ARE THE INVESTMENT RESTRICTIONS? ........................................................... 44 C. FUNDAMENTAL ATTRIBUTES ........................................................................................... 53 D. OTHER SCHEME SPECIFIC DISCLOSURES: ..................................................................... 55 III. OTHER DETAILS ....................................................................................................................... 69 A. PERIODIC DISCLOSURES .................................................................................................... 69 B. TRANSPARENCY/NAV DISCLOSURE ............................................................................... 71 C. TRANSACTION CHARGES AND STAMP DUTY- ............................................................. 71 D. ASSOCIATE TRANSACTIONS ............................................................................................. 71 E. TAXATION .............................................................................................................................. 71 F. RIGHTS OF UNITHOLDERS ................................................................................................. 73 G. LIST OF OFFICIAL POINTS OF ACCEPTANCE ................................................................. 73 H. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY ................................... 73 Mirae Asset Multi Factor Fund Page 3 of 73Part I. HIGHLIGHTS/SUMMARY OF THE SCHEME Sr. No. Title Description I. Name of the MIRAE ASSET MULTI FACTOR FUND scheme II. Category of the Equity – Sectoral/Thematic Scheme III. Scheme type An open-ended equity scheme following a multi factor based investment theme IV. Scheme code It is to be obtained from NSDL and will be updated at the time of filing launch SO-7 SID with SEBI.

V. Investment The investment objective of the scheme is to generate long term capital SO-5 objective appreciation by investing in equity and equity related instruments by following a multi factor based investment theme.

There is no assurance that the investment objective of the Scheme will be achieved.

VI. Liquidity / The Scheme will offer units for purchases/switch-ins and redemptions/switch- listing details outs at NAV based prices on all business days on an ongoing basis. Repurchase of Units will be at the NAV prevailing on the date the units are tendered for repurchase.

As per SEBI Regulations, the Mutual Fund shall dispatch redemption proceeds within 3 Business Days of receiving a valid redemption request. A penal interest of 15% per annum or such other rate as may be prescribed by SEBI from time to time, will be paid in case the redemption proceeds are not made within 3 Business Days from the date of receipt of a valid redemption request.

Further, clause 14.1.3 of SEBI Master Circular for Mutual Funds dated June 27, 2024 has provided list of exceptional instances wherein additional time has been allowed for payment of redemption or repurchase proceeds.

Currently the Units of the Scheme are not proposed to be listed on any stock exchange.

VII. Benchmark The AMFI Tier 1 Benchmark of the Scheme is BSE 200 Total Return Index. (Total Return SO- Index) The benchmark is in line with AMFI prescribed guidelines. Hence, the 25 performance will be compared with this Index.

Rationale for adoption of benchmark:

The BSE 200 Index has been chosen as the benchmark as it broadly captures the performance of companies where the fund intends to invest. Since the fund is a Multi Factor Fund, BSE 200 Index is an appropriate benchmark. The above benchmark is in accordance with clause 1.9 of SEBI Master Circular dated June 27, 2024 and has been selected from amongst those notified by AMFI as the first-tier benchmark to be adopted by mutual funds and which are reflective of the category of the scheme.

Mirae Asset Multi Factor Fund Page 4 of 73The Trustees may change the benchmark in future if a benchmark better suited to the investment objective of the Scheme is available.

VIII. NAV disclosure The AMC will calculate and disclose the first NAV under the Scheme not later than 5 Business Days from the date of allotment of units under the NFO Period.

SO-41 Subsequently, the AMC shall update the NAVs on the website of the Mutual

Fund https://www.miraeassetmf.co.in/ and on the website of Association of Mutual Funds in India - AMFI (www.amfiindia.com) by 11.00 p.m. on every Business Day.

Further Details in Section II.

IX. Applicable Dispatch of redemption proceeds: 3 working days from the date of timelines redemption or within such timelines as may be prescribed by SEBI / AMFI from time to time in case of exceptional circumstances or otherwise Dispatch of IDCW (if applicable) etc.: within 7 working days from the record date or as per timelines prescribed by SEBI/AMFI from time to time.

X. Plans and The Scheme shall have Regular Plan and Direct Plan** with a common Options portfolio and separate NAVs. Investors should indicate the Plan for which the subscription is made by indicating the choice in the application form.

Plans/Options and sub options Each of the above, Regular and Direct Plan under the scheme will have the

under the following Options: (1) Growth Option and (2) Income Distribution cum Capital Scheme Withdrawal (IDCW) Option.

The IDCW Option shall have the following 2 sub-options: a) Payout of Income Distribution cum capital withdrawal option (“Payout of IDCW”) b) Reinvestment of Income Distribution cum capital withdrawal option (“Reinvestment of IDCW”).

The default option for the unitholders will be Regular Plan - Growth Option, if he is routing his investments through a distributor and Direct Plan – Growth option if he is a direct investor.

If the unit holders select IDCW option but does not specify the sub-option then the default sub-option shall be Reinvestment of IDCW.

Amounts can be distributed out of investors capital (Equalization Reserve), which is part of sale price that represents realized gains.

Investors subscribing under Direct Plan of the Scheme will have to indicate “Direct Plan” against the Scheme name in the application form i.e. “Mirae Asset Multi Factor Fund - Direct Plan”.

Guidelines for Processing of transactions received under Regular Plan with invalid ARN In accordance with AMFI circular no. 135/BP/ 111 /2023-24 dated February 2, 2024, transactions received in Regular Plan with Invalid ARN shall be processed in Direct Plan of the same Scheme (even if reported in Regular Plan),

applying the below logic:

Mirae Asset Multi Factor Fund Page 5 of 73Execut Regul SUB ion ar EUI Transac Primary ARN distributor Only Plan / N* tion ARN Mentio Direct Type ned Plan Val Inva Empane Val Inva Vali Yes id lid lled id lid d Lump Regul Y Y Y Sum/ ar Registrat Y N Not applicable Direct ion N. Regul Y Y N.A. N.A. N A. ar* Regul Y Y Y Y ar Y Direct Regul Y Y Y Y ar Y Y Y Direct Regul Y Not applicable Trigger ar Y Not applicable Direct The AMC reserves the right to introduce a new option / investment Plan at a later date, subject to the SEBI (MF) Regulations. The AMC also reserves the right to discontinue / withdraw any option / investment plan, if deemed fit, after taking approval of the Board of Directors of AMC and Trustee.

**DIRECT PLAN: Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Mutual Fund or through the stock exchange and is not available for investors who route their investments through a Distributor.

For detailed disclosure on default plans and options, kindly refer SAI.

XI. Load Structure Exit Load:

I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP - in) on or before completion of 365 days from the date of allotment of units: Nil. b) Any redemption in excess of such limits in the first 365 days from the date

of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO): - If redeemed within 1 year (365 days) from the date of allotment: 1% of the applicable NAV -If redeemed after 1 year (365 days) from the date of allotment: NIL.

II. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out):

Mirae Asset Multi Factor Fund Page 6 of 73-If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: NIL No Exit Load shall be levied in case of switch transactions from Regular Plan to Direct Plan and vice versa.

The Trustees shall have a right to prescribe or modify the exit load structure with prospective effect subject to a maximum prescribed under the Regulations.

XII. Minimum During NFO Period and on Continuous Basis: Minimum of Rs. 5,000/-and Application in multiples of Re.1/-thereafter Amount/switch

in Investments through SIP: Rs. 99/- and in multiples of Re.1/- thereafter The Minimum Application amount mentioned above shall not be applicable to the mandatory investments made in the Scheme pursuant to the provisions of clause 6.9 and 6.10 of SEBI Master Circular dated June 27, 2024, as amended from time to time.

XIII. Minimum For subsequent additional purchases, the investor can invest with the minimum Additional amount of Rs. 1,000/- and in multiples of Re. 1/- thereafter.

Purchase Amount XIV. Minimum The minimum redemption/switch out amount shall be ‘any amount’ or ‘any Redemption/s number of units’ as requested by the investor at the time of redemption. witch out amount XV. New Fund Offer NFO for MIRAE ASSET MULTI FACTOR FUND:

Period

Opens on: XX/XX/XXXX

This is the Closes on: XX/XX/XXXX period during which a new The Trustee may close subscription list earlier by giving at least one day’s scheme sells its notice in one daily national newspaper. The Trustee reserves the right to extend units to the the closing date of the NFO Period, subject to the condition that the entire NFO investors period including the extension, shall not be kept open for more than 15 days.

Further, the NFO shall remain open for subscription for a minimum period of 3 working days as per clause 1.10.1A of SEBI Master Circular dated June 27,

2024. Any such extension shall be announced by way of a notice – cum – addendum as prescribed by the SEBI regulation.

Any modification to the New Fund Offer Period shall be announced by way of SO-34 an Addendum uploaded on website of the AMC i.e.

https://www.miraeassetmf.co.in/ XVI. New Fund Offer Offer for units of Rs. 10/- each during the New Fund Offer and continuous offer Price for units at NAV based prices.

This is the price per unit that the investors have to Mirae Asset Multi Factor Fund Page 7 of 73pay to invest during the NFO XVII. Segregated The Scheme has the provision to segregate a portfolio comprising of debt or portfolio/side money market instrument affected by a credit event.

pocketing SO-53 disclosure Currently, there is no segregated portfolio created in the Scheme For Details, kindly refer SAI XVIII Swing pricing Not Applicable disclosure XIX. Stock The Scheme shall participate in stock lending/securities lending as per the lending/short asset allocation.

selling XX. How to Apply Investors can undertake transactions in the Schemes of Mirae Asset Mutual and other Fund either through physical, online / electronic mode or any other mode as details may be prescribed from time to time.

SO-35 Physical Transaction:

Application form and Key Information Memorandum may be obtained from Official Points of Acceptance (OPAs) / Investor Service Centres (ISCs) of the AMC or RTA or Distributors or can be downloaded from our website www.miraeassetmf.co.in.

Online / Electronic Transactions Investors can undertake transactions via electronic mode through various online facilities offered by MAMF and other platforms specified by AMC from time to time.

For further details of online / electronic mode please refer SAI.

The list of the OPA / ISC are available on our website as well.

Further details in Section II.

XXI. Investor Contact Details for general service requests and complaint resolution: services Ms. Venuka Amla Mirae Asset Investment Managers (India) Pvt. Ltd.

606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (E), Mumbai - 400 098.

Telephone Nos.: 6780 0300 e-mail: customercare@miraeasset.com Investors may contact any of the ISCs or the AMC by calling the investor line of the AMC at "1800 2090 777" or visit the website at www.miraeassetmf.co.in for complete details.

XXIII Specific Nil attribute of the scheme (such as lock in, Mirae Asset Multi Factor Fund Page 8 of 73duration in case of target maturity scheme/close ended schemes) (as applicable)

XXIV Special The following facilities are available under the Scheme during the NFO: product  Switching /facility  Transaction through electronic mode available on  Auto Switch ongoing basis

The following facilities are available under the Scheme on an ongoing basis:  Systematic Investment Plan - Top-up Facility - SIP Pause Facility - Multi-SIP Facility - SIP Step-up & Top-up facility - Choti SIP • Mirae Asset MF Mobile Application Facility • Transacting through Email • Systematic Transfer Plan - Flexi STP (Flexible STP) • Systematic Withdrawal Plan • C- SIP (Corporate SIP) • WhatsApp Chatbot facility • One Time Mandate (OTM) Facility • UPI (Unified Payments Interface) AutoPay Mandate facility • Interscheme Switching • Intrascheme Switching For further details of above special products / facilities, kindly refer SAI.

XXV. Weblink A weblink for Daily TER and TER for last 6 months:

https://www.miraeassetmf.co.in/downloads/statutory-disclosure/total- expense-ratio

A weblink for scheme factsheet:

https://www.miraeassetmf.co.in/downloads/factsheet Mirae Asset Multi Factor Fund Page 9 of 73DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY

It is confirmed that:

(i) The Draft Scheme Information Document submitted to SEBI is in accordance with the SEBI (Mutual Funds) Regulations, 1996 and the guidelines and directives issued by SEBI from time to time.

(ii) All legal requirements connected with the launching of the Scheme as also the guidelines, instructions, etc., issued by the Government and any other competent authority in this behalf, have been duly complied with.

(iii) The disclosures made in the Scheme Information Document are true, fair and adequate to enable the investors to make a well-informed decision regarding investment in the Scheme.

(iv) The intermediaries named in the Scheme Information Document and Statement of Additional Information are registered with SEBI and their registration is valid, as on date.

(v) The contents of the Scheme Information Document including figures, data, yields etc. have been checked and are factually correct

(vi) A confirmation that the AMC has complied with the compliance checklist applicable for Scheme Information Documents and other than cited deviations/ that there are no deviations from the regulations

(vii) Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable.

(viii) The Trustees have ensured that the MIRAE ASSET MULTI FACTOR FUND approved by them is a new product offered by Mirae Asset Mutual Fund and is not a minor modification of any existing scheme/fund/product.

Sd/-

Date: January 1, 2026 Name: Rimmi Jain

Place: Mumbai Designation: Head- Compliance, Legal & Company Secretary Mirae Asset Multi Factor Fund Page 10 of 73Part II. INFORMATION ABOUT THE SCHEME A. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? Under normal circumstances, the asset allocation will be as follows:

Indicative allocation (% of total assets) Types of Instruments Minimum Maximum Equities & Equity related Instruments* based on multi factor 80 100 investment theme Equity & Equity Related instruments* of companies other than 0 20 based on multi factor investment theme Debt and Money Market Instruments 0 20 Units issued by InvITs 0 10 *Equity and Equity related instruments include convertible debentures, equity warrants, convertible preference shares, equity derivatives, units issued by REITs, etc.

The Scheme retains the flexibility to invest across all the securities in the debt and money markets as permitted by SEBI / RBI from time to time, including schemes of mutual funds. The Scheme may invest in securitized debt up to 20% of the net assets of the scheme.

The scheme may invest up to 50% of the equity and equity related instruments in equity derivatives out of which non - hedge portion will not exceed 50% of equity and equity related instruments. The Scheme may take covered-call positions for stock derivatives, as permitted by SEBI in accordance with paragraph 12.25.8 of the Master Circular.

Pursuant to paragraph 12.24 of the SEBI Master Circular for Mutual Funds dated June 27, 2024, the SO-17 cumulative gross exposure through Equity and Equity related instruments, debt, money market instruments, derivative positions, repo transactions in corporate debt securities, Units issued by Infrastructure Investment Trusts (InvITs) and such other securities/assets as may be permitted by SEBI from time to time shall not exceed 100% of the net assets of the scheme.

Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any SO-14 exposure. As per clause 12.25 of SEBI Master Circular dated June 27, 2024, Cash Equivalent shall consist of Government Securities, T-Bills and Repo on Government Securities having residual maturity of less than 91 days.

The Scheme may participate in stock/securities lending upto 20% of total Net Assets of the Scheme and would limit its exposure with regard to stock/securities lending for a single intermediary to the extent of 5% of the total net assets at the time of lending.

The Scheme may invest in Repo/Reverse repo in Corporate Debt. The gross exposure of the scheme to ‘corporate bonds repo transactions’ shall not be more than 10% of the net assets of the concerned scheme or as permitted by SEBI.

The Scheme does not intend to undertake/ invest/ engage in:

SO-18  Short selling  Credit default swaps  Unrated Debt instruments Mirae Asset Multi Factor Fund Page 11 of 73 Advance loans  Debt Instruments having Special Features as defined under clause 12.2 of SEBI Master Circular dated June 27, 2024  Fund of Fund Schemes  ADR/ GDR / Foreign Securities  Structured Obligations / credit enhancement Debt securities include, but are not limited to, debt securities of the Government of India, State and Local Governments, Government Agencies, Statutory Bodies, Public Sector Undertakings, Public Sector Banks or Private Sector Banks or any other Banks, Financial Institutions, Development Financial Institutions, and Corporate Entities, collateralized debt securities or any other instruments as may be prevailing and permissible under the Regulations from time to time).

The debt securities (including money market instruments) referred to above could be fixed rate or floating rate, listed, unlisted, privately placed, among others, as permitted by regulation.

The Scheme may invest in the schemes of Mutual Funds (including ETFs) in accordance with the applicable extant SEBI (Mutual Funds) Regulations as amended from time to time.

Pending deployment of funds of a Scheme in securities in terms of investment objectives of the scheme a mutual fund can invest the funds of the Scheme in short term deposits of scheduled commercial banks in terms of clause 12.16 of SEBI Master Circular dated June 27, 2024.

Further, the Scheme may, for meeting liquidity requirements invest in units of money market/liquid SO-13 schemes of Mirae Asset Mutual Fund and/or any other mutual fund provided that aggregate inter- scheme investment made by all schemes under the same management or in schemes under the management of any other asset management company shall not exceed 5% of the net asset value of the mutual fund in accordance with Clause 4 of Seventh Schedule of SEBI (Mutual Funds) Regulations,

1996. The AMC shall not charge any investment management fees with respect to such investment.

Indicative Table (Actual instrument/percentages may vary subject to applicable SEBI circulars) Sr. no Type of Instrument Percentage of Circular references* exposure

1. Securities Lending a) Upto 20% of the net Clause 12.11 of SEBI Master assets Circular dated June 27, 2024 b) Upto 5% of the net assets at single intermediary i.e. broker level

2. Equity Derivatives for non- Upto 50% of the equity Clause 12.25 of SEBI Master hedging purposes and equity related Circular dated June 27, 2024 instruments in equity SO-20 derivatives out of which non - hedge portion will not exceed 50% of equity and equity related instruments.

3. Securitized Debt Upto 20% Clause 12.15 of SEBI Master

Circular dated June 27, 2024 Mirae Asset Multi Factor Fund Page 12 of 734. Overseas Securities 0% Clause 12.19 of SEBI Master

Circular dated June 27, 2024

5. Repo in Corporate Debt Upto 10% Clause 12.18 of SEBI Master Securities Circular dated June 27, 2024

6. Credit default swaps 0% Clause 12.28 of SEBI Master

Circular dated June 27, 2024

7. Schemes of Mutual Fund Upto 5% of the net asset Clause 4 of the seventh schedule (including ETFs) value of the mutual fund on ‘Restriction on Investments’ of SEBI (Mutual Funds) Regulations, 1996

8. Debt instruments having 0% Clause 12.2 of SEBI Master Special Features Circular dated June 27, 2024

9. Units issued by InVITS Upto 10% Clause 12.21 of SEBI Master

Circular dated June 27, 2024

10. Unrated Debt Instruments 0% Clause 12.1.5 of SEBI Master

Circular dated June 27, 2024

11. Fund of Fund Schemes 0% Clause 9A of Seventh Schedule of SEBI (Mutual Funds) Regulations, 1996

12. Structured Obligations / 0% Clause 12.3 of SEBI Master credit enhancement Circular dated June 27, 2024

13. Short Selling 0% Clause 12.11 of SEBI Master

Circular dated June 27, 2024 *SEBI circular references (wherever applicable) in support of exposure limits of different types of asset SO-19 classes in asset allocation is provided.

Rebalancing due to passive breach:

In the event of deviation from mandated asset allocation mentioned above due to passive breaches, the rebalancing will be carried out in 30 business days from the date of deviation. Where the portfolio is not rebalanced within 30 business days, justification for the same including details of efforts taken to rebalance the portfolio shall be placed before the Investment Committee and reasons for the same shall be recorded in writing. The Investment Committee, if so desires, can extend the timelines up to sixty

(60) business days from the date of completion of mandated rebalancing period in accordance with SO-22 clause 2.9 of SEBI Master Circular dated June 27, 2024. However, at all times the portfolio will adhere to the overall investment objectives of the Scheme.

In case the portfolio of schemes is not rebalanced within the aforementioned mandated plus extended timelines, AMCs shall:  not be permitted to launch any new scheme till the time the portfolio is rebalanced;

 not to levy exit load, if any, on the investors exiting such scheme Rebalancing of deviation due to short term defensive consideration SO-23 Subject to SEBI (MF) Regulations, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. It must be clearly understood that the percentages can vary substantially depending upon the perception of the Investment Manager; the intention being at all times to seek to protect the interests of the Unit holders. As per clause 1.14.1.2 of SEBI Master Circular dated June 27, SO-24 Mirae Asset Multi Factor Fund Page 13 of 732024 such changes in the investment pattern will be for short term and for defensive consideration only.

In the event of deviations, portfolio rebalancing will be carried out within 30 calendar days in such cases.

Timelines for deployment of funds collected in NFO:

In line with SEBI circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/23 dated February 27, 2025, deployment of the funds garnered in NFO shall be made within 30 business days from the date of allotment of units.

In an exceptional case, if the AMC is not able to deploy the funds in 30 business days, reasons in writing, including details of efforts taken to deploy the funds, shall be placed before the Investment Committee.

The Investment Committee, after examining the root cause for delay may extend the timeline by 30 business days.

B. WHERE WILL THE SCHEME INVEST? SO-29

1. Equity and Equity Related Instruments

2. Debt & Money Market Instruments

3. Investment in Derivatives

4. Units issued by InvITs

5. Securitized Debt

6. Repo in Corporate Debt Securities

7. Mutual Fund Units

8. Any other instruments, as may be permitted by RBI / SEBI / such other Regulatory Authority, from time to time, subject to Regulatory approvals.

Detailed definition and applicable regulations/guidelines for each instrument shall be included in

Section II.

C. WHAT ARE THE INVESTMENT STRATEGIES? SO-27 The Scheme shall follow an active investment strategy. This investment strategy is designed to deliver long-term capital appreciation by predominantly investing in equity and equity-related SO-28 instruments through a multi-factorsystematic framework.

The multi factor framework at its core will focus on a model which will be based on following

factors:

1. Fundamental Factors: Value, Growth, Quality, Dividend, Estimate momentum and Size

Technical Factors: Momentum, Volatility and trend

1. Universe Selection & Governance Screening The investment universe will be selected ensuring liquidity, scalability, and alignment with market standards. From this universe, stocks are screened based on:

 Data Quality: Preference is given to companies with consistent, transparent, and reliable financial reporting.  Corporate Governance: Evaluation includes board independence, promoter behaviour, audit quality, and regulatory compliance.

This ensures that the portfolio is built on a foundation of high-integrity, investable companies.

2. Multi-Factor Systematic Framework Mirae Asset Multi Factor Fund Page 14 of 73The strategy employs a multi-factor model that evaluates securities across two dimensions:  Fundamental Factors: Involves evaluating the underlying financial strength of a company in order to assess the fair or intrinsic value of that company. This may include but may not be limited to factors like - Valuation metrics, earnings growth, return on capital, and balance sheet strength.

o Valuation metrics: P/E, P/B, EV/EBIDTA, etc.

o Earnings growth: EPS Growth, Sales Growth, EBIDTA growth, etc.

o Return on capital: ROE, ROCE, etc.

o Profitability: Profit margin, EBIDTA margin, etc.

o Balance sheet strength: Interest coverage ratio, Debt/Equity, etc.  Technical Factors: Involves examining the short to medium term market behaviour and timing based on historical data of a stock in terms of price movement and trading volumes.

This may include but may not be limited to factors like - Momentum, trend persistence, volume dynamics, and volatility.

o Momentum:12-1M returns, 6 Month returns, Sharpe ratio, etc.

o Trend persistence: No of positive weekly returns/No of negative weekly returns, return acceleration, positive auto-correlation, etc.

o Volatility: 1-month volatility, beta, etc.

This framework ensures that investment decisions are objective, repeatable, and responsive to evolving market conditions.

The portfolio is constructed with a focus on managing active factor risk relative to the benchmark.

4. Dynamic Rebalancing & Opportunistic Factor Tilts  Portfolio weights will be rebalanced periodically using Factor momentum signals to capture short term factor trends prevalent in the current phase of the economic cycle.

While the portfolio remains broadly diversified, we recognize that different factors tend to outperform in different phases of market cycles. Although timing these shifts is inherently uncertain—more art than science—our investment team may introduce opportunistic factor tilts based on structured analysis of market conditions. This allows the portfolio to remain adaptive yet disciplined, capturing upside while managing downside risk.

5. Idiosyncratic Risk Management These models can be vulnerable to idiosyncratic risks—unintended exposures to specific stocks, sectors, or market segments. To mitigate this:  Constrained active exposures across:

o Market segments: Balanced allocation between large-cap and mid-cap stocks.

o Industry sectors: Limits on sector overweights to avoid thematic concentration.

o Individual securities: Position sizing rules and liquidity filters to manage single- stock risk.

This ensures that the portfolio remains resilient, diversified, and aligned with its intended risk profile.

6. Annual model review Research is a continuous and evolving process, much like the equity markets themselves. As market depth expands and new data sources become available, the landscape of investable information grows richer and more complex. We are committed to reviewing our investment and trading models annually. These reviews will assess the continued relevance and predictive power of existing factors, while also incorporating the latest research and insights developed by our investment team.

Mirae Asset Multi Factor Fund Page 15 of 73Although the scheme will predominantly invest in stocks as per the multi factor framework, it retains the flexibility to take some exposure beyond the theme based on the Fund manager’s discretion. The Fund Manager may also invest upto 20% of the net assets of the Scheme in equities and equity related securities of companies in India other than based on multi factor investment theme.

Investment in Derivatives:

The Scheme may take derivatives position based on the opportunities available subject to the guidelines issued by SEBI from time to time and in line with the overall investment objective of the Scheme. These may be taken to hedge the portfolio, rebalance the same or to undertake any other strategy as permitted under the SEBI Regulations.

Derivative products are leveraged instruments and can provide disproportionate gains as well as SO-28 disproportionate losses to the investor. Execution of such strategies depends upon the ability of the fund manager to identify such opportunities. Identification and execution of the strategies to be pursued by the fund manager involve uncertainty and decision of fund manager may not always be profitable. No assurance can be given that the fund manager will be able to identify or execute such strategies.

The risks associated with the use of derivatives are different from or possibly greater than, the risks associated with investing directly in securities and other traditional investments.

For detailed derivative strategies, please refer to SAI.

Debt The Scheme will also invest in debt securities and money market instruments.  The credit quality of the portfolio will be maintained and monitored using in-house research capabilities as well as inputs from external sources such as independent credit rating agencies.

 The investment team will primarily use a top down approach for taking interest rate view, sector allocation along with a bottom up approach for security/instrument selection.  The bottom up approach will assess the quality of security/instrument (including the financial health of the issuer) as well as the liquidity of the security.

 Investments in debt instruments carry various risks such as interest rate risk, reinvestment risk, credit risk and liquidity risk etc. Whilst such risks cannot be eliminated, they may be minimized through diversification.

RISK CONTROLS Risk is an inherent part of the investment function. Effective risk management is critical to fund management for achieving financial soundness. Investments by the Scheme shall be made as per the investment objective of the Scheme and provisions of SEBI (MF) Regulations. AMC has incorporated adequate safeguards to manage risk in the portfolio construction process. Risk control would involve managing risk in order to keep it in line with the investment objective of the Scheme.

The risk control process involves identifying & measuring the risk through various Risk Measurement Tools like but not limited to calculating risk ratios, tracking error etc. The AMC has Mirae Asset Multi Factor Fund Page 16 of 73implemented Bloomberg as the Front Office and Settlement System (FOS). The system has incorporated all the investment restrictions as per SEBI guidelines and “soft” warning alerts at appropriate levels for pre-emptive monitoring. The system enables identifying & measuring the risk through various risk measurement tools like various risk ratios, average duration and analyses the same so as to act in a preventive manner.

The risk control measures for managing the debt portion of the scheme are:

1. Monitoring risk adjusted returns performance of the fund with respect to its peers and its benchmark.

2. Tracking analysis of the fund on various risk parameters undertaken by independent fund research / rating agencies or analysts and take corrective measures if needed.

3. Credit analysis plays an important role at the time of purchase of bond and then at the time of regular performance analysis. Our internal research anchors the credit analysis. Sources for credit analysis include Capital Line, CRISIL, ICRA updates etc. Debt ratios, financials, cash flows are analysed at regular intervals to take a call on the credit risk.

4. We define individual limits for G-Sec, money market instruments, MIBOR linked debentures and corporate bonds exposure, for diversification reasons.

The Scheme does not propose to underwrite issuances of securities of other issuers.

The Investment Manager endeavors to invest in InvITs, where adequate due diligence and research has been performed by the Investment Manager. The Investment Manager also relies on its own research as well as third party research. This involves one to one meetings with the managements, attending conferences and analyst meets and also tele-conferences. The analysis will focus, amongst others, on the predictability and strength of cash flows, value of assets, capital structure, business prospects, policy environment, strength of management, responsiveness to business conditions etc.

Policy for Investment decisions The investment policy of the AMC has been determined by the Investment Committee (“IC”) which has been ratified by the Boards of the AMC and Trustee. At the strategic level, the broad investment philosophy of the AMC and the authorized exposure limits are spelt out in the Investment Policy of the AMC. During trading hours, the Fund Managers have the discretion to take investment decisions for the Scheme within the limits defined in the Investment Policy, these decisions and the reasons thereof are communicated to the CEO for post facto approval.

The designated Fund Manager(s) of the Scheme will be responsible for taking day-to-day investment decisions and will inter-alia be responsible for asset allocation, security selection and timing of investment decisions.

Portfolio Turnover Policy Portfolio turnover is defined as the aggregate value of purchases or sales as a percentage of the corpus of a scheme during a specified period of time. The Scheme is open ended, with subscriptions and redemptions expected on a daily basis, resulting in net inflow/outflow of funds, and on account of the various factors that affect portfolio turnover; it is difficult to give an estimate, with any reasonable amount of accuracy.

However, during volatile market conditions, the fund manager has the flexibility to churn the portfolio actively to optimize returns keeping in mind the cost associated with it.

D. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? SO-25 Mirae Asset Multi Factor Fund Page 17 of 73AMFI Tier 1 Benchmark: BSE 200 Index (TRI).

Rationale for adoption of benchmark:

The Trustees have adopted BSE 200 TRI as the benchmark index.

The BSE 200 Index has been chosen as the benchmark as it broadly captures the performance of companies where the fund intends to invest. Since the fund is a Multi Factor Fund, BSE 200 Index is an appropriate benchmark. The above benchmark is in accordance with clause 1.9 of SEBI Master

Circular dated June 27, 2024 and has been selected from amongst those notified by AMFI as the first-tier benchmark to be adopted by mutual funds and which are reflective of the category of the scheme.

The Trustee reserves the right to change the benchmark for evaluation of performance of the Scheme from time to time in conformity with the investment objectives and appropriateness of the benchmark subject to SEBI (MF) Regulations, and other prevailing guidelines, if any.

E. WHO MANAGES THE SCHEME? SO-33 Particulars Details Name Mr. Gaurik Shah Age 43 years Educational Qualifications PGDBM (XLRI Jamshedpur), BE (Pune University) Past experience Mr. Gaurik Shah brings over 19 years of experience in the financial industry. Prior this assignment, Mr. Shah was associated with ASK Long-Short Fund Managers Pvt Ltd as Senior Vice President – ASK Hedge solutions. He was also associated with Avendus Capital Public Markets Alternate Strategies LLP as Vice President – Fund Management, overseeing an AIF Category III fund. Mr. Shah’s earlier experience includes managing the AIF Category III fund and advisory portfolios at Proalpha Capital. He has also managed an Asia Pacific equity index-focused Managed Futures/CTA fund at Monsoon Capital in Singapore and worked as an Associate Trader on the Delta-One desk at RBS N.V. in Hong Kong.

Mr. Shah does not manage any other scheme.

Tenure for which the fund NIL since it’s a new scheme manager has been managing the scheme Portfolio Turnover Ratio NIL since it’s a new scheme F. HOW IS THE SCHEME DIFFERENT FROM EXISTING SCHEMES OF THE MUTUAL FUND?

The existing equity Schemes of Mirae Asset Mutual Fund are as below:

1. Mirae Asset Multi Cap Fund

2. Mirae Asset Large Cap Fund

3. Mirae Asset Great Consumer Fund Mirae Asset Multi Factor Fund Page 18 of 734. Mirae Asset Healthcare Fund

5. Mirae Asset ELSS Tax Saver Fund (Erstwhile Mirae Asset Tax Saver Fund)

6. Mirae Asset Midcap Fund

7. Mirae Asset Large & Midcap Fund (erstwhile Mirae Asset Emerging Bluechip Fund)

8. Mirae Asset Focused Fund

9. Mirae Asset Flexi Cap Fund

10. Mirae Asset Banking and Financial Services Fund

11. Mirae Asset Small Cap Fund

12. Mirae Asset Infrastructure Fund The table showing the differentiation of the Scheme with the existing Equity Schemes of Mirae

Asset Mutual Fund is available at: https://www.miraeassetmf.co.in/downloads/statutory- disclosure/other-disclosure/offer-documents-data G. HOW HAS THE SCHEME PERFORMED? This is a new scheme and does not have any performance track record.

H. ADDITIONAL SCHEME RELATED DISCLOSURES This is a new Scheme and therefore, the requirement of following additional disclosures shall not

be applicable for the Scheme: i. Scheme’s portfolio holdings (top 10 holdings by issuer and fund allocation towards

various sectors are available on functional website link: NA since it is a new scheme

Functional website link for Portfolio Disclosure: NA since it is a new scheme ii. Portfolio Turnover Rate: NA since it is a new scheme iii. Aggregate investment in the Scheme by:

Sr. Category of Persons Net Value Market Value ( in No. Rs.)

1. Fund Manager(s) Units NAV per unit NA since it is a new scheme For any other disclosure w.r.t investments by key personnel and AMC directors including regulatory provisions in this regard kindly refer SAI.

iv. Investments of AMC in the Scheme:

The AMC shall not invest in any of the schemes unless full disclosure of its intention to invest has SO-58 been made in the Scheme Information Document and that the AMC shall not be entitled to charge any fees on such investment.

Mirae Asset Multi Factor Fund Page 19 of 73Part III- OTHER DETAILS A. COMPUTATION OF NAV The NAV of the Units of the Scheme will be computed by dividing the net assets of the Scheme by the number of Units outstanding on the valuation date.

NAV of Units under the Options there under can be calculated as shown below: (Market or Fair Value of Scheme’s investments + Current assets including Accrued Income - Current Liabilities and provisions including accrued expenses) NAV = ____________________________________________________________________ No. of Units outstanding under the Scheme/Option.

The NAV, the sale and repurchase prices of the Units will be calculated and announced at the close of each working day. The NAVs of the Scheme will be computed and units will be allotted upto 3 decimals.

Computation of NAV will be done after taking into account IDCW paid, if any, and the distribution tax thereon, if applicable. Therefore, once IDCW are distributed under the IDCW Option, the NAV of the Units under the IDCW Option would always remain lower than the NAV of the Units issued under the Growth Option. The income earned and the profits realized in respect of the Units issued under the Growth Option remain invested and are reflected in the NAV of the Units.

The valuation of the Schemes’ assets and calculation of the Schemes’ NAVs shall be subject to audit on an annual basis and such regulations as may be prescribed by SEBI from time to time.

Illustration on Computation of NAV:

SO-42 If the net assets of the Scheme are Rs.10,65,44,345.34 and units outstanding are 1,00,00,000 then

the NAV per unit will be computed as follows:

10,65,44,345.34 / 1,00,00,000 = Rs. 10.654 p.u. (rounded off to three decimals) Methodology for calculation of sale and re-purchase price of the units of mutual fund scheme:  Ongoing Price for subscription (purchase)/ switch-in (from other schemes/ plans of the mutual fund) by investors. (This is the price you need to pay for purchase/ switch-in):

The Sale Price for a valid purchase will be the Applicable NAV. i.e. Sale Price = Applicable NAV For a valid purchase request of Rs. 10,000 where the applicable NAV is Rs. 11.1234, the units

allotted will be: = 10,000 (i.e. purchase amount

11.1234 (i.e. applicable NAV) = 899.006 units (rounded to three decimals) Other charges/expenses, if any, borne by the investors have not been considered in the above illustration.

Mirae Asset Multi Factor Fund Page 20 of 73 Ongoing Price for redemption (sale)/ switch-outs (to other schemes/plans of the mutual fund) by investors. (This is the price you will receive for redemptions/ switch-outs):

The Repurchase Price for a valid repurchase will be the applicable NAV reduced by any exit load (say 1%). i.e. applicable NAV - (applicable NAV X applicable exit load).

For a valid repurchase request where the applicable NAV is Rs. 12.1234, the repurchase price will be: = 12.1234 - (12.1234 X 1.00%) = 12.1234 - 0.1212 = Rs. 12.0022 Therefore, for a repurchase of 899.006 units, the proceeds received by the investor will be - = 899.006 (units) * 12.0022 (Repurchase price) = Rs. 10,790.049 (rounded to three decimals) Other charges/expenses, if any, borne by the investors have not been considered in the above illustration.

The Mutual Fund may charge the load within the stipulated limit of 3% and without any discrimination to any specific group. The Repurchase Price however, will not be lower than 97% of the NAV.

For other details such as policies w.r.t computation of NAV, rounding off, investment in foreign securities, procedure in case of delay in disclosure of NAV etc. refer to SAI.

B. NEW FUND OFFER (NFO) EXPENSES These expenses will be incurred for the purpose of various activities related to the NFO like sales and distribution fees paid marketing and advertising, registrar expenses, printing and stationary, bank charges etc. NFO expenses were borne by the AMC. No NFO expenses will be charged to the Scheme.

C. ANNUAL SCHEME RECURRING EXPENSES These are the fees and expenses for operating the scheme. These expenses include Investment Management and Advisory Fee charged by the AMC, Registrar and Transfer Agents’ fee, marketing and selling costs etc. as given in the table below:

The AMC has estimated that upto 2.25% of the daily net assets of the Scheme will be charged to the scheme as expenses. As per the Regulations, the maximum recurring expenses including investment management and advisory fee that can be charged to the Scheme shall be subject to a percentage

limit of daily net assets as in the table below:

First Rs. 500 crores 2.25% Next Rs. 250 crores 2.00% Next Rs. 1250crores 1.75% Next Rs. 3000 crores 1.60% Next Rs. 5000 crores 1.50% Mirae Asset Multi Factor Fund Page 21 of 73on the next Rs. 40,000 crores of the daily net Total expense ratio reduction of 0.05% assets for every increase of Rs 5,000 crores of daily net assets or part thereof, Balance of assets 1.05% The recurring expenses of operating the Scheme on an annual basis, which shall be charged to the Scheme, are estimated to be as follows (each as a percentage per annum of the daily net assets) Particulars % p.a. of daily net assets* (Estimated p.a.) Investment Management & Advisory Fee Trustee fee Audit fees Custodian fees RTA Fees Marketing & Selling expense incl. agent commission Cost related to investor communications Cost of fund transfer from location to location Upto 2.25% Cost of providing account statements and redemption of IDCW cheques and warrants Costs of statutory Advertisements Cost towards investor education & awareness (2 bps) Brokerage and transaction cost Goods and Services tax on expenses other than investment and advisory fees Goods and Services tax on brokerage and transaction cost Other Expenses* Maximum total expense ratio (TER) permissible under Regulation 52 (6)

(c) ^ Additional expenses under regulation 52 (6A) (c) Upto 0.05% *Other expenses: Any other expenses which are directly attributable to the Scheme, may be charged with approval of the Trustee within the overall limits as specified in the Regulations except those expenses which are specifically prohibited.

^ In terms of clause 10.1.7 of SEBI Master circular dated June 27, 2024, in case exit load is not levied / not applicable, the AMC shall not charge the said additional expenses.

For the actual current expenses being charged, the investor should refer to the website of the Mutual Fund:

https://www.miraeassetmf.co.in/downloads/statutory-disclosure/total-expense-ratio Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc. and no commission for distribution of Units will be paid / charged under Direct Plan. The TER of the Direct Plan will be lower to the extent of the abovementioned distribution expenses/ commission which is charged in the Regular Plan.

The purpose of the above table is to assist the investor in understanding the various costs & expenses that the investor in the Scheme will bear directly or indirectly. These estimates have been made in good faith as per the information available to the AMC and the above expenses (including investment management and Mirae Asset Multi Factor Fund Page 22 of 73advisory fees) are subject to inter-se change and may increase/decrease as per actual and/or any change in the Regulations, as amended from time to time.

All scheme related expenses including commission paid to distributors, by whatever name it may be called and in whatever manner it may be paid, shall necessarily be paid from the scheme only within the regulatory limits and not from the books of the Asset Management Companies (AMC), its associate, sponsor, trustee or any other entity through any route.

In addition to the limits as specified in Regulation 52(6) of SEBI (Mutual Funds) Regulations 1996 [‘SEBI Regulations’] or the Total Recurring Expenses (Total Expense Limit) as specified above, the following costs

or expenses may be charged to the scheme namely: - a) GST payable on investment and advisory service fees (‘AMC fees’) charged by Mirae Asset Investment Managers (India) Private Limited (‘Mirae Asset AMC)’;

Within the Total Expense Limit chargeable to the Scheme, following will be charged to the Scheme:

(a) GST on other than investment and advisory fees, if any, (including on brokerage and transaction costs on execution of trades) shall be borne by the Scheme; b) Investor education and awareness initiative fees of at least 2 basis points on daily net assets of respective Scheme.

c) Brokerage cost incurred for the purpose of execution shall be charged to the schemes (a) up to 12 bps and 5 bps for cash market transactions and derivatives transactions respectively. Any payment towards brokerage, over and above the said 12 bps and 5 bps for cash market transactions and derivatives transactions respectively, may be charged to the Scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under Regulation 52 of the SEBI (Mutual Funds) Regulations, 1996.

The current expense ratios will be updated on the AMC website

https://miraeassetmf.co.in/downloads/regulatory at least 3 working days prior to the effective date of the change.

Further, the notice of change in base TER (i.e. TER excluding additional expenses provided in Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996) in comparison to previous base TER charged to the scheme will be communicated to investors of the scheme through notice via email or SMS at least three working days prior to effecting such change.

However, any decrease in TER due to decrease in applicable limits as prescribed in Regulation 52 (6) (i.e. due to increase in daily net assets of the scheme) would not require issuance of any prior notice to the investors. Further, such decrease in TER will be immediately communicated to investors of the scheme through email or SMS and uploaded on the AMC website.

The above change in the base TER in comparison to previous base TER charged to the scheme shall be intimated to the Board of Directors of AMC along with the rationale recorded in writing.

The changes in TER shall also be placed before the Trustees on quarterly basis along with rationale for such changes.

Illustration of impact of expense ratio on scheme’s returns SO-44 Particulars Regular Plan Direct Plan Opening NAV per unit A 10.0000 10.0000 Gross Scheme Returns @ 8.75% B 0.8750 0.8750 Expense Ratio @ 1.50 % p.a. C = (A x 1.50%) 0.1500 0.1500 Mirae Asset Multi Factor Fund Page 23 of 73Distribution Expense Ratio @ 0.25 % D = (A x 0.25%) 0.0250 0.0000 p.a. * Total Expenses E = C + D 0.1750 0.1500 Closing NAV per unit F = A + B - E 10.7000 10.7250 Net 1 Year Return F/A - 1 7.00% 7.25% *Distribution/Brokerage expense is not levied in direct plan The above calculation is provided to illustrate the impact of expenses on the scheme returns and should not be construed as indicative Expense Ratio, yield or return.

D. LOAD STRUCTURE SO-47 Exit Load is an amount which is paid by the investor to redeem the units from the scheme. Load amounts are variable and are subject to change from time to time. For the current applicable structure, please refer to the website of the AMC (https://www.miraeassetmf.co.in/) or may call at ‘1800 2090 777’ or your distributor.

Type of Load Load chargeable (as %age of NAV) Exit I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP - in) on or before completion of 365 days from the date of allotment of units: Nil.

b) Any redemption in excess of such limits in the first 365 days from the

date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO): - If redeemed within 1 year (365 days) from the date of allotment: 1% of the applicable NAV -If redeemed after 1 year (365 days) from the date of allotment: NIL.

II. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: NIL For any change in exit load, AMC will issue an addendum and display it on the website/Investor Service Centres.

No Exit Load shall be levied in case of switch transactions from Regular Plan to Direct Plan and vice versa.

The Mutual Fund may charge the load within the stipulated limit of 3% and without any discrimination to any specific group. The Repurchase Price however, will not be lower than 97% of the NAV.

The Trustee reserves the right to modify/alter the load structure and may decide to charge an exit load on the Units with prospective effect, subject to the maximum limits as prescribed under the SEBI Regulations. At the time of changing the load structure, the AMC shall take the following

steps:  Arrangements shall be made to display the changes/modifications in the SID in the form of a notice in all the Mirae Asset ISCs’ and distributors’ offices.

Mirae Asset Multi Factor Fund Page 24 of 73 The notice–cum-addendum detailing the changes shall be attached to SIDs and Key Information Memoranda. The addendum will be circulated to all the distributors so that the same can be attached to all SIDs and Key Information Memoranda already in stock.

 The introduction of the exit load along with the details shall be stamped in the acknowledgement slip issued to the investors on submission of the application form and may also be disclosed in the statement of accounts issued after the introduction of such load.

 Any other measures which the mutual funds may feel necessary.

The AMC may change the load from time to time and in case of an exit/repurchase load this may be linked to the period of holding. It may be noted that any such change in the load structure shall be applicable on prospective investment only. The exit load (net off GST, if any, payable in respect of the same) shall be credited to the Scheme of the Fund.

The distributors should disclose all the commissions (in the form of trail commission or any other mode) payable to them for the different competing schemes of various mutual funds from amongst which the scheme is being recommended to the investor.

Mirae Asset Multi Factor Fund Page 25 of 73Section II I. Introduction A. Definitions/interpretation Please refer the definitions/interpretation as disclosed under:

https://www.miraeassetmf.co.in/downloads/statutory-disclosure/other-disclosure/offer-documents- data B. Risk factors

Standard Risk Factors:  Investment in Mutual Fund units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal  As the price / value / interest rate of the securities in which the Scheme invests fluctuates, the value of your investment in the scheme can go up or down depending on various factors and forces affecting capital markets and money markets.

 Past performance of the Sponsor/ AMC/ Mutual Fund does not guarantee the future performance of the Scheme.  The Scheme does not in any manner indicate its quality or its future prospects and returns.

 The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond the initial contribution of Rs. 1.00 lakh made by it towards setting up the Mirae Asset Mutual Fund.

 The present scheme is not a guaranteed or assured return scheme. In addition, the scheme does not guarantee or assure any Income distribution cum Capital Withdrawal (IDCW) and also does not guarantee or assure that it will make any IDCW distribution, though it has every intention to make the same in the distributions of Income Distribution cum Capital Withdrawal option.

All IDCW distributions of Income Distribution cum Capital Withdrawal will be subjected to the investment performance of the Scheme.

Scheme Specific Risk Factors SO-8 Some of the specific risk factors related to the Scheme include, but are not limited to the following:

The Scheme seeks to invest in a diversified portfolio of equity and equity-related instruments, driven by an in-house proprietary Multi Factor framework. This framework employs a systematic process to screen, select, and weight stocks based on multiple parameters — including fundamental, technical factors. It has been developed through extensive research and rigorous back-testing, grounded in fundamental investment principles and the tenets of factor investing. However, there is no assurance that the model will deliver returns superior to the benchmark.

As the Scheme may hold securities that are not in the BSE 200 Total Return Index and may invest in limited number of sectors with higher concentration to certain sectors and industries, it may perform differently from the BSE 200 Total Return Index.

Risks associated with investments in Equity and Equity related instruments:  Equity and equity related securities are volatile and prone to price fluctuations on a daily basis. The liquidity of investments made in the Scheme may be restricted by trading volumes and settlement periods. Settlement periods may be extended significantly by unforeseen circumstances. The inability of the Scheme to make intended securities purchases, due to settlement problems, could Mirae Asset Multi Factor Fund Page 26 of 73cause the Scheme to miss certain investment opportunities. Similarly, the inability to sell securities held in the Scheme portfolio would result at times, in potential losses to the Scheme, should there be a subsequent decline in the value of securities held in the Scheme portfolio. Also, the value of the Scheme investments may be affected by interest rates, changes in law/ policies of the government, taxation laws and political, economic or other developments which may have an adverse bearing on individual Securities, a specific sector or all sectors.

 Investments in equity and equity related securities involve a degree of risk and investors should not invest in the equity Schemes unless they can afford to take the risk of losing their investment.  Securities which are not quoted on the stock exchanges are inherently illiquid in nature and carry a larger liquidity risk in comparison with securities that are listed on the exchanges or offer other exit options to the investors, including put options.

Risks Associated with Debt & Money Market Instruments/ Fixed Income Securities  Price-Risk or Interest-Rate Risk: Fixed income securities such as bonds, debentures and money market instruments run price-risk or interest-rate risk. Generally, when interest rates rise, prices of existing fixed income securities fall and when interest rates drop, such prices increase. The extent of fall or rise in the prices is a function of the existing coupon, days to maturity and the increase or decrease in the level of interest rates.

 Credit Risk: In simple terms this risk means that the issuer of a debenture/ bond or a money market instrument may default on interest payment or even in paying back the principal amount on maturity. Even where no default occurs, the price of a security may go down because the credit rating of an issuer goes down. It must, however, be noted that where the Scheme has invested in Government securities, there is no credit risk to that extent.

 Liquidity or Marketability Risk: This refers to the ease with which a security can be sold at or near to its valuation yield-to-maturity (YTM). The primary measure of liquidity risk is the spread between the bid price and the offer price quoted by a dealer. Liquidity risk is today characteristic of the Indian fixed income market.

 Reinvestment Risk: Investments in fixed income securities may carry reinvestment risk as interest rates prevailing on the interest or maturity due dates may differ from the original coupon of the bond. Consequently, the proceeds may get invested at a lower rate.

 Pre-payment Risk: Certain fixed income securities give an issuer the right to call back its securities before their maturity date, in periods of declining interest rates. The possibility of such prepayment may force the fund to reinvest the proceeds of such investments in securities offering lower yields, resulting in lower interest income for the fund.

 Spread Risk: In a floating rate security the coupon is expressed in terms of a spread or mark up over the benchmark rate. In the life of the security this spread may move adversely leading to loss in value of the portfolio. The yield of the underlying benchmark might not change, but the spread of the security over the underlying benchmark might increase leading to loss in value of the security.

 Concentration Risk: The Scheme portfolio may have higher exposure to a single sector, subject to maximum of 20% of net assets, depending upon availability of issuances in the market at the time of investment, resulting in higher concentration risk. Any change in government policy / businesses environment relevant to the sector may have an adverse impact on the portfolio.

Mirae Asset Multi Factor Fund Page 27 of 73 Different types of securities in which the scheme would invest as given in the SID carry different levels and types of risk. Accordingly the scheme’s risk may increase or decrease depending upon its investment pattern. E.g. corporate bonds carry a higher amount of risk than Government securities. Further even among corporate bonds, bonds, which are AA rated, are comparatively more risky than bonds, which are AAA rated.

 Basis Risk: The underlying benchmark of a floating rate security or a swap might become less active or may cease to exist and thus may not be able to capture the exact interest rate movements, leading to loss of value of the portfolio.

 Settlement Risk: Fixed income securities run the risk of settlement which can adversely affect the ability of the fund house to swiftly execute trading strategies which can lead to adverse movements in NAV.

 The AMC may choose to invest in unlisted securities that offer attractive yields within the regulatory limit. This may however increase the risk of the portfolio. Additionally, the liquidity and valuation of the Scheme investments due to its holdings of unlisted securities may be affected if they have to be sold prior to the target date of disinvestment.

Risks Associated with Derivatives The risks associated with the use of derivatives are different from or possibly greater than the risks associated with investing directly in securities and other traditional instruments. Such risks include mispricing or improper valuation and the inability of derivatives to correlate perfectly with underlying assets, rates and indices. Trading in derivatives carries a high degree of risk although they are traded at a relatively small amount of margin which provides the possibility of great profit or loss in comparison with the principal investment amount. The options buyer’s risk is limited to the premium paid, while the risk of an options writer is unlimited. However, the gains of an options writer are limited to the premiums earned. The writer of a call option bears a risk of loss if the value of the underlying asset increases above the exercise price. The loss can be unlimited as underlying asset can increase to any levels. The writer of a put option bears the risk of loss if the value of the underlying asset declines below the exercise price and the loss is limited to strike price.

Investments in futures face the same risk as the investments in the underlying securities. The extent of loss is the same as in the underlying securities. However, the risk of loss in trading futures contracts can be substantial, because of the low margin deposits required, the extremely high degree of leverage involved in futures pricing and the potential high volatility of the futures markets. The derivatives are also subject to liquidity risk as the securities in the cash markets. For further details please refer to

section “Investments Limitations and Restrictions in Derivatives” in this SID.

Risks associated with Repo transactions in Corporate Bonds:

The Scheme may be exposed to counter party risk in case of repo lending transactions in the event of the counterparty failing to honour the repurchase agreement. However, in repo transactions, the collateral may be sold and a loss is realized only if the sale price is less than the repo amount. The risk is further mitigated through over-collateralization (the value of the collateral being more than the repo amount).

Risk associated with Covered Call If the underlying price rises above the strike, the short call loses its value as much as the underlying stock gains and as a result the upside of the stock always gets capped. This is a lost opportunity risk.

Mirae Asset Multi Factor Fund Page 28 of 73a) Writing call options are highly specialized activities and entail higher than ordinary investment risks.

In such investment strategy, the profits from call option writing is capped at the option premium, however the downside depends upon the increase in value of the underlying equity shares. This downside risk is reduced by writing covered call options.

b) The Scheme may write covered call option only in case it has adequate number of underlying equity shares as per regulatory requirement. This would lead to setting aside a portion of investment in underlying equity shares. If covered call options are sold to the maximum extent allowed by regulatory authority, the scheme may not be able to sell the underlying equity shares immediately if the view changes to sell and exit the stock. The covered call options need to be unwound before the stock positions can be liquidated. This may lead to a loss of opportunity or can cause exit issues if the strike price at which the call option contracts have been written become illiquid. Hence, the scheme may not be able to sell the underlying equity shares, which can lead to temporary illiquidity of the underlying equity shares and result in loss of opportunity.

c) The writing of covered call option would lead to loss of opportunity due to appreciation in value of the underlying equity shares. Hence, when the appreciation in equity share price is more than the option premium received the scheme would be at a loss.

d) The total gross exposure related to option premium paid and received must not exceed the regulatory limits of the net assets of the scheme. This may restrict the ability of Scheme to buy any options.

Risks associated with segregated portfolio • Investor holding units of segregated portfolio may not able to liquidate their holding till the time recovery of money from the issuer. • Security comprises of segregated portfolio may not realize any value.

• Listing of units of segregated portfolio in recognized stock exchange does not necessarily guarantee their liquidity. There may not be active trading of units in the stock market. Further trading price of units on the stock market may be significantly lower than the prevailing NAV.

Risk associated with Securities Lending Securities Lending is a lending of securities through an approved intermediary to a borrower under an agreement for a specified period with the condition that the borrower will return equivalent securities of the same type or class at the end of the specified period along with the corporate benefits accruing on the securities borrowed.

In case the Scheme undertakes stock lending under the Regulations, it may, at times be exposed to counter party risk and other risks associated with the securities lending. Unitholders of the Scheme should note that there are risks inherent to securities lending, including the risk of failure of the other party, in this case the approved intermediary, to comply with the terms of the agreement entered into between the lender of securities i.e. the Scheme and the approved intermediary. Such failure can result in the possible loss of rights to the collateral put up by the borrower of the securities, the inability of the approved intermediary to return the securities deposited by the lender and the possible loss of any corporate benefits accruing to the lender from the securities deposited with the approved intermediary.

Risk associated with Securitized Debt Securitized debt papers carry credit risk of the Obligors and are dependent on the servicing of the PTC/Contributions etc. However, these are offset suitably by appropriate pool selection as well as credit enhancements specified by Rating Agencies. In cases where the underlying facilities are linked to benchmark rates, the securitized debt papers may be adversely impacted by adverse movements in Mirae Asset Multi Factor Fund Page 29 of 73benchmark rates. However, this risk is mitigated to an extent by appropriate credit enhancement specified by rating agencies. Securitized debt papers also carry the risks of prepayment by the obligors.

In case of prepayments of securities debt papers, it may result in reduced actual duration as compared to the expected duration of the paper at the time of purchase, which may adversely impact the portfolio yield. These papers also carry risk associated with the collection agent who is responsible for collection of receivables and depositing them. The Investment team evaluates the risks associated with such investments before making an investment decision. The underlying assets in the case of investment in securitized debt could be mortgages or other assets like credit card receivables, automobile/vehicle/ personal/commercial/corporate loans and any other receivables/ loans/debt. The risks associated with

the underlying assets can be described as under:

Credit card receivables are unsecured. Automobile/vehicle loan receivables are usually secured by the underlying automobile/vehicle and sometimes by a guarantor. Mortgages are secured by the underlying property. Personal loans are usually unsecured.

Corporate loans could be unsecured or secured by a charge on fixed assets/receivables of the company or a letter of comfort from the parent company or a guarantee from a bank/financial institution. As a

rule of thumb, underlying assets which are secured by a physical asset/guarantor are perceived to be less risky than those which are unsecured. By virtue of this, the risk and therefore the yield in descending order of magnitude would be credit card receivables, personal loans, vehicle/automobile loans, mortgages and corporate loans assuming the same rating.

Liquidity in Securitized Debt may be affected by trading volumes, settlement periods and transfer procedures. These factors may cause potential losses from being not able to sell the securitized debt instruments at its fair value. Different types of securities in which the scheme would invest as given in the Scheme Information Document carry different levels and types of risks. Accordingly, the scheme’s risk may increase or decrease depending upon its investment pattern. e.g. corporate bonds carry a higher amount of risk than government securities. Further, even among corporate bonds, bonds which are AAA rated are comparatively less risky than bonds which are AA rated.

Risk Factors associated with thematic Schemes Investing in a sectoral/thematic scheme is based on the premise that the Fund will seek to invest in companies belonging to a specific sector/theme. This will limit the capability of the Fund to invest in other sectors/theme. These Schemes would invest in equity and equity related securities of companies engaged in the particular sector/theme and hence concentration risk is expected to be high. Also, as with all equity investing, there is the risk that companies in that specific sector/theme will not achieve its expected earnings results, or that an unexpected change in the market or within the company will occur, both of which may adversely affect investment results. Thus, investing in a sector/theme specific fund could involve potentially greater volatility and risk.

Risk factors associated with InvITs: ● Price Risk:

Securities/Instruments of InvITs are volatile and prone to price fluctuations on a daily basis owing to market movements. The extent of fall or rise in the prices is a fluctuation in general market conditions, factors and forces affecting capital market, Infrastructure sectors, level of interest rates, trading volumes, settlement periods and transfer procedures.

● Interest Rate Risk:

Mirae Asset Multi Factor Fund Page 30 of 73Securities/Instruments of InvITs run interest rate risk. Generally, when interest rates rise, prices of units fall and when interest rates drop, such prices increase.

● Credit Risk:

Credit risk means that the issuer of a InvIT security/ instrument may default on interest payment or even on paying back the principal amount on maturity. Securities/ Instruments of InvITs are likely to have volatile cash flows as the repayment dates would not necessarily be pre-scheduled.

● Liquidity Risk:

This refers to the ease with which securities/instruments of InvITs can be sold. There is no assurance that an active secondary market will develop or be maintained. Hence there would be time when trading in the units could be infrequent. The subsequent valuation of illiquid units may reflect a discount from the market price of comparable securities/instruments for which a liquid market exists. As these products are new to the market they are likely to be exposed to liquidity risk.

● Reinvestment Risk:

Investments in securities/instruments of InvITs may carry reinvestment risk as there could be repatriation of funds by the Trusts in form of buyback of units or Dividend pay-outs, etc. Consequently, the proceeds may get invested in assets providing lower returns.

● Legal and Regulatory Risk The regulatory framework governing investments in securities/instruments of InvITs comprises a relatively new set of regulations and is therefore untested, interpretation and enforcement by regulators and courts involves uncertainties. Presently, it is difficult to forecast as to how any new laws, regulations or standards or future amendments will affect the issuers of InvITs and the sector as a whole.

Furthermore, no assurance can be given that the regulatory system will not change in a way that will impair the ability of the Issuers to comply with the regulations, conduct the business, compete effectively or make distributions.

Risk factors associated for investments in Mutual Fund Schemes:

1. Movements in the Net Asset Value (NAV) of these Schemes may impact the performance. Any change in the investment policies or fundamental attributes of these Schemes will affect the performance of the Scheme to the extent of investment in such schemes.

2. Redemptions by in these Schemes would be subject to applicable exit loads.

Risk Associated while transacting through Email (Applicable only for Non – Individual Investors):

The AMC allows investors for transacting in mutual fund units through email. This may involve certain risks which the investor should carefully consider. Investors should note that email based instructions are inherently vulnerable to risks such as interception, unauthorised access, phishing, spoofing, failed delivery and unintended transmission and should ensure appropriate safeguards are in place when using such mode of transaction. The AMC does not accept any responsibility or liability for any loss, damages or inconvenience caused due to errors, delays, non - receipt or unauthorised access associated with transacting through email.

C. Risk mitigation strategies SO-9 Mirae Asset Multi Factor Fund Page 31 of 73Concentration Risk The Scheme will try and mitigate this risk by investing in large number of companies so as to maintain optimum diversification and keep stock-specific concentration risk relatively low.

Liquidity Risk As such the liquidity of stocks that the fund invests into could be relatively low. The fund will try to maintain a proper asset-liability match to ensure redemption / Maturity payments are made on time and not affected by illiquidity of the underlying stocks.

Risks Associated with equity / equity related instruments:

The scheme has a diversified portfolio to counter the volatility in the prices of individual stocks.

Diversification in the portfolio reduces the impact of high fluctuations in daily individual stock prices on the portfolio.

Risks Associated with Debt & Money Market Instruments Credit Risk - The fund has a rigorous credit research process. There is a regulatory and internal cap on exposure to each issuer. This ensures a diversified portfolio and reduced credit risk in the portfolio.

While these measures are expected to mitigate the above risks to a large extent, there can be no assurance that these risks would be completely eliminated.

Risks Associated with Repo in Corporate Debt

1) Illiquidity Risk The repo market for corporate debt securities is over the counter (OTC) and illiquid. Hence, repo obligations cannot be easily sold to other parties. Therefore, to mitigate such risks, it has been stipulated that gross exposure to Repo in corporate bonds would be limited to 10% of net assets of the concerned scheme. Further, the tenor of repo would be taken based on nature and unit holders’ pattern of the scheme.

2) Counter-party risk Credit risk would arise if the counter-party fails to repurchase the security as contracted or if counterparty fails to return the security or interest received on due date. To mitigate such risks, the schemes shall carry out repo transactions with only those counterparties, which has a credit rating of ‘A1+’ or ‘AA and above’. In case of lending of funds as a repo buyer, minimum haircuts on the value of the collateral security have been stipulated, and we would receive the collateral security in the scheme’s account before the money is lent to the counter-party. Overall, we would have a limited number of counter-parties, primarily comprising of Mutual Funds, Scheduled Commercial banks, Financial Institutions and Primary dealers. Similarly, in the event of the scheme being unable to pay back the money to the counterparty as contracted, the counter-party may hurriedly dispose of the assets (as they have sufficient margin) and the net proceeds may be refunded to the Scheme. Thus, the Scheme may suffer losses in such cases. Sufficient funds flow management systems are in place to mitigate such risks.

3) Collateral Risk (as a repo buyer) Collateral risks arise due to fall in the value of the security (change in credit rating and/or interest rates) against which the money has been lent under the repo arrangement. To mitigate such risks, we have stipulated the minimum credit rating of the issuer of collateral security.

Mirae Asset Multi Factor Fund Page 32 of 73(‘AA’ for long-term instruments/A1+ for money market instruments), maximum duration of the collateral security (10 years) and minimum haircuts on the value of the security.

Risks associated with investing in Tri-Party Repo through CCIL (TREPS) The mutual fund is a member of securities segment and Tri-party Repo trade settlement of the Clearing Corporation of India (CCIL). All transactions of the mutual fund in government securities and in Triparty Repo trades are settled centrally through the infrastructure and settlement systems provided by CCIL; thus reducing the settlement and counterparty risks considerably for transactions in the said segments. CCIL maintains prefunded resources in all the clearing segments to cover potential losses arising from the default member. In the event of a clearing member failing to honour his settlement obligations, the default Fund is utilized to complete the settlement. The sequence in which the above resources are used is known as the “Default Waterfall”. As per the waterfall mechanism, after the defaulter’s margins and the defaulter’s contribution to the default fund have been appropriated, CCIL’s contribution is used to meet the losses. Post utilization of CCIL’s contribution if there is a residual loss, it is appropriated from the default fund contributions of the non-defaulting members.

Thus the scheme is subject to risk of the initial margin and default fund contribution being invoked in the event of failure of any settlement obligations. In addition, the fund contribution is allowed to be used to meet the residual loss in case of default by the other clearing member (the defaulting member).

However, it may be noted that a member shall have the right to submit resignation from the membership of the Security segment if it has taken a loss through replenishment of its contribution to the default fund for the segments and a loss threshold as notified have been reached. The maximum contribution of a member towards replenishment of its contribution to the default fund in the 7 days (30 days in case of securities segment) period immediately after the afore-mentioned loss threshold having been reached shall not exceed 5 times of its contribution to the Default Fund based on the last re-computation of the Default Fund or specified amount, whichever is lower. Further, it may be noted that, CCIL periodically prescribes a list of securities eligible for contributions as collateral by members. Presently, all Central Government securities and Treasury bills are accepted as collateral by CCIL. The risk factors may undergo change in case the CCIL notifies securities other than Government of India securities as eligible for contribution as collateral.

Risk Mitigation measures for investments in equity / equity related instruments  The Scheme’s portfolio comprises equity holdings mainly of companies elected based on multi factor investment theme (at least 80% of the portfolio). The portfolio can also comprise of stocks of other companies upto 20% of the portfolio. The flexibility to invest in diverse set of companies across market capitalization and sectors as well as limited investments into companies other than based on multi factor investment theme shall aid in managing volatility and aid in maintaining reasonable liquidity.

 The Scheme endeavours to have a diversified equity portfolio comprising of stocks across various sectors and styles to reduce sector/style specific risks.  Any investments in debt securities would be undertaken after assessing the associated credit risk, interest rate risk and liquidity risk.

The Scheme will also invest in debt securities and money market instruments.  The credit quality of the portfolio will be maintained and monitored using in-house research capabilities as well as inputs from external sources such as independent credit rating agencies.

 The investment team will primarily use a top down approach for taking interest rate view, sector allocation along with a bottom up approach for security/instrument selection.  The bottom up approach will assess the quality of security/instrument (including the financial health of the issuer) as well as the liquidity of the security.

Mirae Asset Multi Factor Fund Page 33 of 73 Investments in debt instruments carry various risks such as interest rate risk, reinvestment risk, credit risk and liquidity risk etc. Whilst such risks cannot be eliminated, they may be minimized through diversification.

Risk is an inherent part of the investment function. Effective risk management is critical to fund management for achieving financial soundness. Investments by the Scheme shall be made as per the investment objective of the Scheme and provisions of SEBI (MF) Regulations. AMC has incorporated adequate safeguards to manage risk in the portfolio construction process. Risk control would involve managing risk in order to keep it in line with the investment objective of the Scheme. The risk control process involves identifying & measuring the risk through various Risk Measurement Tools like but not limited to calculating risk ratios, tracking error etc. The AMC has implemented Bloomberg as the Front Office and Settlement System (FOS). The system has incorporated all the investment restrictions as per SEBI guidelines and “soft” warning alerts at appropriate levels for preemptive monitoring. The system enables identifying & measuring the risk through various risk measurement tools like various risk ratios, average duration and analyzes the same so as to act in a preventive manner.

The risk control measures for managing the debt portion of the scheme are:

1. Monitoring risk adjusted returns performance of the fund with respect to its peers and its benchmark.

2. Tracking analysis of the fund on various risk parameters undertaken by independent fund research / rating agencies or analysts and take corrective measures if needed.

3. Credit analysis plays an important role at the time of purchase of bond and then at the time of regular performance analysis. Our internal research anchors the credit analysis. Sources for credit analysis include Capital Line, CRISIL, ICRA updates etc. Debt ratios, financials, cash flows are analysed at regular intervals to take a call on the credit risk.

4. We define individual limits for G-Sec, money market instruments, MIBOR linked debentures and corporate bonds exposure, for diversification reasons.

The Scheme does not propose to underwrite issuances of securities of other issuers. There will be no exposure to securitized debt securities in the portfolio.

II. Information about the scheme:

A. Where will the scheme invest?

Equity and Equity Related Instruments:

The Schemes will predominantly invest in equity and equity related instruments of companies based on a multi factor based investment theme. From time to time, the fund manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction.

Equity and Equity related instruments include convertible debentures, equity warrants, convertible preference shares, equity derivatives, units issued by REITs, etc.

1. Equity share is a security that represents ownership interest in a company.

2. Equity Related Instruments are securities which give the holder of the security right to receive Equity Shares on pre-agreed terms. It includes equity warrants.

Mirae Asset Multi Factor Fund Page 34 of 73The Scheme may take derivatives position based on the opportunities available subject to the guidelines issued by SEBI from time to time and in line with the overall investment objective of the Scheme. These may be taken to hedge the portfolio, rebalance the same or to undertake any other strategy as permitted under the SEBI Regulations Debt & Money Market Instruments:

The Scheme will invest in debt and money market instruments. It retains the flexibility to invest across all the securities in the debt and money markets.

Debt securities and Money Market Instruments will include but will not be limited to: a. Securities created and issued by the Central and State Governments as may be permitted by RBI (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills).

b. Securities guaranteed by the Central and State Governments (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills). c. Debt securities of domestic Government agencies and statutory bodies, which may or may not carry a Central/State Government guarantee.

d. Corporate debt (of both public and private sector undertakings). e. Obligations/ Term Deposits of banks (both public and private sector) and development financial institutions. f. “money market instruments” includes commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time; subject to regulatory approvals where applicable.

g. Certificate of Deposits (CDs). h. Commercial Paper (CPs). A part of the net assets may be invested in the Tri-party repo or in an alternative investment as may be provided by RBI to meet the liquidity requirements.

i. The non-convertible part of convertible securities. j. Securitized Debt k. Repo in corporate debt securities l. Any other domestic fixed income securities as permitted by SEBI / RBI from time to time subject to necessary approvals from SEBI and RBI, if any.

m. Any other instruments/securities, which in the opinion of the fund manager would suit the investment objective of the scheme subject to compliance with extant Regulations.

The Investment Manager will invest only in those debt securities that are rated investment grade by a domestic credit rating agency authorized to carry out such activity, such as CRISIL, ICRA, CARE, FITCH, etc. The securities may be acquired through Initial Public Offerings (IPOs), secondary market operations, private placement, rights offer or negotiated deals.

Mirae Asset Multi Factor Fund Page 35 of 73The Scheme shall not enter into any repurchase and reverse repurchase obligations in all securities held by it. The scheme does not intend to invest into any credit default swaps.

The Scheme may invest in other schemes managed by the AMC or in the schemes of any other mutual funds, provided it is in conformity with the investment objectives of the Scheme and in terms of the prevailing SEBI (MF) Regulations. As per the SEBI (MF) Regulations, no investment management fees will be charged for such investments and the aggregate inter scheme investment made by all the schemes of Mirae Asset Mutual Fund or in the schemes of other mutual funds shall not exceed 5% of the net asset value of the Mirae Asset Mutual Fund.

Investment in units of InvITs:

The Scheme may invest in the units of InvITs upto 10% of the net assets of the scheme.

Mutual Fund Units Units of mutual funds represent an investor's share in a mutual fund scheme. When investors buy mutual fund units, they pool their money with other investors to collectively invest in a diversified portfolio of assets such as stocks, bonds, or other securities. Each unit reflects the proportionate ownership of the fund's assets. The value of these units, known as the Net Asset Value (NAV), fluctuates based on the performance of the underlying assets.

Investment in Derivatives:

Concepts and Examples of investing into Derivatives Derivatives are financial contracts of pre-determined fixed duration, whose values are derived from the value of an underlying primary financial instrument, commodity or index, such as: interest rates, exchange rates, commodities and equities.

 Futures A futures contract is an agreement between the buyer and the seller for the purchase and sale of a particular asset at a specific price on a specific future date. The price at which the underlying asset would change hands in the future is agreed upon at the time of entering into the contract. The actual purchase or sale of the underlying asset involving payment of cash and delivery of the instrument does not take place until the contracted date of delivery. A futures contract involves an obligation on both the parties to fulfill the terms of the contract.

Currently, futures contracts have a maximum expiration cycle of 3-months. Three contracts are available at any time for trading, with 1 month, 2 months and 3 months expiry respectively. Futures contracts typically expire on the last Thursday of the month. For example, a contract with the January expiration expires on the last Thursday of January.

A futures contract on the stock market index gives its owner the right and obligation to buy or sell the portfolio of stocks characterized by the index. Stock index futures are cash settled; there is no delivery of the underlying stocks.

Let us assume that the BSE Index at the beginning of the month October 2018 was 5070 and three

index futures as under were available:

Expiry Month Bid Price Offer Price October 18 5075 5080 Mirae Asset Multi Factor Fund Page 36 of 73November 18 5085 5090 December 18 5095 5100 The Scheme could buy an index future of October, 2018 at the offer price of Rs. 5080. The Fund will be required to pay the initial margin as required by the exchanges.

The following is a hypothetical example of a typical trade in index future and the costs associated with the trade.

Actual Purchase of Particulars Index Future Stocks Index as on beginning October 2018 5070 5070 October 2015 Futures Price 5080 -

1.Carry Cost associated with Futures 10 (5080-5070)

2.Brokerage Cost @ 0.02% for Index 1.016 1.521 Future and 0.03% for Cash Markets (0.02% of 5080) (0.03% of 5070)

3.Securities Transaction Tax (STT) NIL 1.2675 STT on purchase of index futures – NIL (0% of 5080) (0.025% of 5070) STT on purchase of stocks – 0.025%

4.Gain on Surplus Funds (Assumed 6% 18.74 returns on 75% of the money left after (6%*(100% of 5070 – 25% NIL paying margin of 25% of 5080)*30/365) Spot Market Price at the expiry of 5569 5569 October Contract

5.Brokerage Cost on Sale @ 0.02% for

1.114 1.671 Index Future and 0.03% for Cash (0.02% of 5569) (0.03% of 5569) Markets

6.Securities Transaction Tax STT on

1.114 1.392 sale of index future – 0.025% (0.025% of 5569) (0.025% of 5569) STT on sale of stocks – 0.025% Total Cost -5.50 5.85 (1+2+3-4+5+6) Please note that the above example is based on assumptions and is used only for illustrative purposes (including an assumption that there will be a gain pursuant to investment in index futures). As can be seen in the above example, the costs associated with the trade in futures are less than that associated with the trade in actual stock. Thus, in the above example the futures trade seems to be more profitable than the trade in actual stock. However, buying of the index future may not be beneficial as compared to buying stocks if the execution and brokerage costs on purchase of index futures are high and the return on surplus funds are low. The actual returns may vary based on actuals and depends on final guidelines / procedures and trading mechanism as envisaged by stock exchanges and other regulatory authorities.

 Options An option is a contract which provides the buyer of the option (also called the holder) the right, without the obligation, to buy or sell a specified asset at an agreed price on or upto a particular date.

For acquiring this right the buyer has to pay a premium to the seller. The seller on the other hand has the obligation to buy or sell that specified asset at the agreed price. The premium is determined considering number of factors such as the underlying asset's market price, the number of days to expiration, strike price of the option, the volatility of the underlying asset and the risk less rate of return. The strike price, the expiration date and the market lots are specified by the exchanges.

Mirae Asset Multi Factor Fund Page 37 of 73An option contract may be of two kinds, viz., a call option or a put option. An option that provides the buyer the right to buy is a call option. The buyer of the call option (known as the holder of the option) can call upon the seller of the option (known as writer of the option) and buy from him the underlying asset at the agreed price at any time on or before the expiry date of the option. The seller of the option has to fulfill the obligation on exercise of the option.

The right to sell is called a put option. Here, the buyer of the option can exercise his right to sell the underlying asset to the seller of the option at the agreed price.

Options are of two types: European and American. In a European option, the holder of the option can only exercise his right on the date of expiration. In an American option, he can exercise this right anytime between the purchase date and the expiration date.

Example of options

Buying a Call option: Assume that the Scheme buys a call option at the strike price of Rs. 5,000 and pays a premium of Rs. 100. If the market price of the underlying stock on the date of expiry of the option is Rs. 5,400 (i.e. more than Rs. 5,000 which is the strike price of an option), the Scheme will exercise the option. However, it may not result into profit. The profit is made only in those circumstances when the intrinsic value (5400 (spot price)-5000(strike price)) is greater than cost paid i.e. option premium (100). If on the date of the expiry of the option, the market price of the underlying stock is Rs. 4,900, the Scheme will not exercise the option and it shall lose the premium of Rs. 100.

Thus, in the above example, the loss for the Scheme, as the buyer of the option, is limited to the premium paid by him while the gains are unlimited.

Writing a Call Option: Assume that the Scheme writes a call option at the strike price of Rs. 5,000 and earns a premium of Rs. 100. If the market price of the underlying stock on the date of expiry increases to Rs. 5,400 (i.e. more than Rs. 5,000) then the option is exercised. The Scheme earns the premium of Rs. 100/- but loses the difference between the market price and the exercise price i.e.

Rs. 400/-. In case the market price of the underlying stock decreases to Rs. 4,900, the Scheme gets to keep the premium of Rs.100.

Buying a Put Option: Assume that the Scheme buys a put option at the strike price of Rs. 5,000 and pays a premium of Rs. 100. If the market price of the underlying stock decreases to Rs. 4,850 (i.e. less than strike price of 5000) the Scheme would be protected from the downside and would exercise the put option. However, it may not result into profit. The profit is resulted only when the intrinsic value (5000 (strike price)– 4850(spot price)) is greater than the cost paid i.e. option premium of 100. Whereas if the stock price moves up to say Rs. 5,150 the Scheme may let the option expire and forego the premium.

A forward contract is a transaction in which the buyer and the seller agree upon the delivery of a specified quality (if commodity) and quantity of underlying asset at a predetermined rate on a specified future date.

Covered Call Option:

A call option gives the holder (buyer) the right but not the obligation to buy an asset by a certain date for a certain price. Covered calls are an options strategy where a person holds a long position in an asset and writes (sells) call options on that same asset.

Benefits of using Covered Call strategy in Mutual Funds:

Mirae Asset Multi Factor Fund Page 38 of 73The covered call strategy can be followed by the Fund Manager in order to hedge risk thereby resulting in better risk adjusted returns of the Scheme. The strategy offers the following benefits: a) Hedge against market risk - Since the fund manager sells a call option on a stock already owned by the mutual fund scheme, the downside from fall in the stock price would be lower to the extent of the premium earned from the call option. b) Generating additional returns in the form of option premium in a range bound market. Thus, a covered call strategy involves gains for unit holders in case the strategy plays out in the right direction

Illustration:

As on 01st Mar 2019 Prices in INR Strategy Total Quantity Price Stock XYZ in the portfolio 10000 500 Sold Call Option (Mar 2019 Expiry 500 10 on the stock XYZ with the strike price at 550 Payoffs Payoff from the Impact on the portfolio due to the covered Call option call strategy On the day of Expiry of 500*10=5000 Extra Income of INR 5000 other than the stock Options Contract if the return stock price is less than or equal to 550 On the day of Expiry of 500*(10-price Extra Income between INR 0 to 5000 other Options Contract if the more than 550) than the stock return depending on the price stock price is between above 550 and below 560 550-560 On the day of Expiry of 500*(560-stock Loss on Call options would be such that price Options Contract if the price) appreciation for 500 stock in the portfolio stock price is more than would be negated for the price above 560 560 The Scheme may take derivatives position based on the opportunities available subject to the guidelines issued by SEBI from time to time and in line with the overall investment objective of the Scheme. These may be taken to hedge the portfolio, rebalance the same or to undertake any other strategy as permitted under the SEBI Regulations. Covered call can benefit generation of income without added market risk. If we make a comparison between covered call and simply owning shares of stock, it demonstrates that income from added covered call discounts the basis in stock, thus reducing market risk.

Risks associated with investment strategy which may be followed by the fund managers for

investment in derivatives:

Execution of investment strategies depends upon the ability of the fund manager to identify such opportunities which may not be available at all times. Identification and execution of the strategies to be pursued by the fund manager involve uncertainty and decision of fund manager may not always be profitable.

Mirae Asset Multi Factor Fund Page 39 of 73The Scheme may face execution risk, whereby the rates seen on the screen may not be the rate at which the ultimate execution of the derivative transaction takes place.

Securitized Assets: Securitization is a structured finance process which involves pooling and repackaging of cashflow producing financial assets into securities that are then sold to investors.

They are termed as Asset Backed Securities (ABS) or Mortgage Backed Securities (MBS). ABS are backed by other assets such as credit card, automobile or consumer loan receivables, retail instalment loans or participations in pools of leases. Credit support for these securities may be based on the underlying assets and/or provided through credit enhancements by a third party. MBS is an asset backed security whose cash flows are backed by the principal and interest payments of a set of mortgage loans. Such Mortgage could be either residential or commercial properties. ABS/MBS instrument reflect the undivided interest in the underlying assets and do not represent the obligation of the issuer of ABS/MBS or the originator of underlying receivables. Securitization often utilizes the services of SPV.

The following are certain additional disclosures w.r.t investment in securitized debt:

1. How the risk profile of securitized debt fits into the risk appetite of the scheme Securitized debt is a form of conversion of normally non-tradable loans to transferable securities.

This is done by assigning the loans to a special purpose vehicle (a trust), which in turn issues Pass- Through-Certificates (PTCs). These PTCs are transferable securities with fixed income characteristics. The risk of investing in securitized debt is similar to investing in debt securities.

However, it differs in two respects.

Typically, the liquidity of securitized debt is less than similar debt securities. For certain types of securitized debt (backed by mortgages, personal loans, credit card debt, etc.), there is an additional pre-payment risk. Pre-payment risk refers to the possibility that loans are repaid before they are due, which may reduce returns if the re-investment rates are lower than initially envisaged.

Because of these additional risks, securitized debt typically offers higher yields than debt securities of similar credit rating and maturity. If the fund manager judges that the additional risks are suitably compensated by the higher returns, he may invest in securitized debt up to the limits specified in the asset allocation table above.

2. Policy relating to originators based on nature of originator, track record, NPAs, losses in earlier securitized debt, etc.

The originator is the person who has initially given the loan. The originator is also usually responsible for servicing the loan (i.e. collecting the interest and principal payments). An analysis of the originator is especially important in case of retail loans as this affects the credit quality and servicing of the PTC. The key risk is that of the underlying assets and not of the originator. For example, losses or performance of earlier issuances does not indicate quality of current series.

However, such past performance may be used as a guide to evaluate the loan standards, servicing capability and performance of the originator.

Originators may be: Banks, Non-Banking Finance Companies, Housing Finance Companies, etc.

The fund manager / credit analyst evaluates originators based on the following parameters  Track record  Willingness to pay, through credit enhancement facilities etc.  Ability to pay  Business risk assessment, wherein following factors are considered:

Mirae Asset Multi Factor Fund Page 40 of 73- Outlook for the economy (domestic and global) - Outlook for the industry - Company specific factors In addition, a detailed review and assessment of rating rationale is done including interactions with the originator as well as the credit rating agency.

The following additional evaluation parameters are used as applicable for the originator / underlying

issuer for pool loan and single loan securitization transactions:  Default track record/ frequent alteration of redemption conditions / covenants  High leverage ratios of the ultimate borrower (for single-sell downs) – both on a standalone basis as well on a consolidated level/ group level  Higher proportion of re-schedulement of underlying assets of the pool or loan, as the case may be  Higher proportion of overdue assets of the pool or the underlying loan, as the case may be  Poor reputation in market  Insufficient track record of servicing of the pool or the loan, as the case may be.

3. Risk mitigation strategies for investments with each kind of originator An analysis of the originator is especially important in case of retail loans as the size and reach affects the credit quality and servicing of the PTC. In addition, the quality of the collection process, infrastructure and follow-up mechanism; quality of MIS; and credit enhancement mechanism are key risk mitigants for the better originators / servicers.

In case of securitization involving single loans or a small pool of loans, the credit risk of the underlying borrower is analysed. In case of diversified pools of loans, the overall characteristic of the loans is analysed to determine the credit risk. The credit analyst looks at ageing (i.e. how long the loan has been with the originator before securitization) as one way of evaluating the performance potential of the PTC. Securitization transactions may include some risk mitigants (to reduce credit risk). These may include interest subvention (difference in interest rates on the underlying loans and the PTC serving as margin against defaults), overcollateralization (issue of PTCs of lesser value than the underlying loans, thus even if some loans default, the PTC continues to remain protected), presence of an equity / subordinate tranche (issue of PTCs of differing seniority when it comes to repayment - the senior tranches get paid before the junior tranche) and / or guarantees.

4. The level of diversification with respect to the underlying assets, and risk mitigation measures for less diversified investments In case of securitization involving single loans or a small pool of loans, the credit risk of the borrower is analysed. In case of diversified pools of loans, the overall characteristic of the loans is analyzed to determine the credit risk.

The credit analyst looks at ageing (i.e. how long the loan has been with the originator before securitization) as one way of judging the performance potential of the PTC. Additional risk mitigants may include interest subvention, over collateralization, presence of an equity / subordinate tranche and / or guarantees. The credit analyst also uses analyses by credit rating agencies on the risk profile of the securitized debt.

Currently, the following parameters are used while evaluating investment decision relating to a pool securitization transaction. The Investment Review Committee may revise the parameters from time to time.

Mirae Asset Multi Factor Fund Page 41 of 73Characteristi Mortgage Commercial CAR 2 wheelers Micro Personal Single Others cs/Type of Loan Vehicle and Finance Loans* Sell Pool Construction Pools* Downs Equipment Approximate Up to 10 Up to 3 years Up to 3 Up to 3 NA NA Refer Refer Average years years years Note 1 Note 2 maturity (in Months) Collateral >10% >10% >10% >10% NA NA “ “ margin (including cash ,guarantees, excess interest spread , subordinate tranche) Average Loan <90% <80% <80% <80% NA NA “ “ to Value Ratio Average >3 months >3 months >3 >3 months NA NA “ “ seasoning of months the Pool Maximum <1% <1% <1% <1% NA NA “ “ single exposure range Average <1% <1% <1% <1% NA NA “ “ single exposure range % * Currently, the Scheme will not invest in these types of securitized debt Note 1: In case of securitization involving single loans or a small pool of loans, the credit risk of the borrower is analyzed. The investment limits applicable to the underlying borrower are applied to the single loan sell-down.

2: Other investments will be decided on a case-to-case basis The credit analyst may consider the following risk mitigating measures in his analysis of the

securitized debt:  Size of the loan  Average original maturity of the pool  Loan to Value Ratio  Average seasoning of the pool  Default rate distribution  Geographical Distribution  Credit enhancement facility  Liquid facility  Structure of the pool Mirae Asset Multi Factor Fund Page 42 of 735. Minimum retention period of the debt by originator prior to securitization Issuance of securitized debt is governed by the Reserve Bank of India. RBI norms cover the "true sale" criteria including credit enhancement and liquidity enhancements. In addition, RBI has proposed minimum holding period of between nine and twelve months for assets before they can be securitized. The minimum holding period depends on the tenor of the securitization transaction. The Fund will invest in securitized debts that are compliant with the laws and regulations.

6. Minimum retention percentage by originator of debts to be securitized Issuance of securitized debt is governed by the Reserve Bank of India. RBI norms cover the "true sale" criteria including credit enhancement and liquidity enhancements, including maximum exposure by the originator in the PTCs. In addition, RBI has proposed minimum retention requirement of between five and ten percent of the book value of the loans by the originator. The minimum retention requirement depends on the tenor and structure of the securitization transaction.

The Fund will invest in securitized debt that are compliant with the laws and regulations.

7. The mechanism to tackle conflict of interest when the mutual fund invests in securitized debt of an originator and the originator in turn makes investments in that particular scheme of the fund The key risk is securitized debt relates to the underlying borrowers and not the originator. In a securitization transaction, the originator is the seller of the debt(s) and the fund is the buyer.

However, the originator is also usually responsible for servicing the loan (i.e. collecting the interest and principal payments). As the originators may also invest in the scheme, the fund manager shall ensure that the investment decision is based on parameters as set by the Investment Review Committee (IRC) of the Asset Management Company and IRC shall review the same at regular interval.

8. The resources and mechanism of individual risk assessment with the AMC for monitoring investment in securitized debt The fund management team including the credit analyst has the experience to analyze securitized debt. In addition, credit research agencies provide analysis of individual instruments and pools. On an on-going basis (typically monthly) the servicer provides reports regarding the performance of the pool. These reports would form the base for ongoing evaluation where applicable. In addition, rating reports indicating rating changes would be monitored for changes in rating agency opinion of the credit risk.

The Scheme may invest in other schemes managed by the AMC or in the schemes of any other mutual funds, provided it is in conformity with the investment objectives of the Scheme and in terms of the prevailing SEBI (MF) Regulations. As per the SEBI (MF) Regulations, no investment management fees will be charged for such investments and the aggregate inter scheme investment made by all the schemes of Mirae Asset Mutual Fund or in the schemes of other mutual funds shall not exceed 5% of the net asset value of the Mirae Asset Mutual Fund.

Investment in debt securities will usually be in instruments, which have been assessed as “high investment grade” by at least one credit rating agency authorized to carry out such activity under the applicable regulations. Pursuant to clause 12.12 of SEBI Master Circular dated June 27, 2024, the AMC may constitute committee(s) to approve proposals for investments in unrated debt instruments.

The AMC Board and the Trustee shall approve the detailed parameters for such investments.

Mirae Asset Multi Factor Fund Page 43 of 73Apart from the investment restrictions prescribed under SEBI (MF) Regulations, the Fund does not follow any internal norms vis-à-vis limiting exposure to a particular scrip or sector etc.

For the purpose of consideration of credit rating of exposure on repo transactions for various purposes including for Potential Risk Class (PRC) matrix, liquidity ratios, Risk-o-meter etc., the same shall be as that of the underlying securities, i.e., on a look through basis. For transactions where settlement is guaranteed by a Clearing Corporation, the exposure shall not be considered for the purpose of determination of investment limits for single issuer, group issuer and sector level limits.

Overview of Debt Markets in India Indian fixed income market, one of the largest and most developed in South Asia, is well integrated with the global financial markets. Screen based order matching system developed by the Reserve Bank of India (RBI) for trading in government securities, straight through settlement system for the same, settlements guaranteed by the Clearing Corporation of India and innovative instruments like TREPS have contributed in reducing the settlement risk and increasing the confidence level of the market participants.

The RBI reviews the monetary policy six times a year giving the guidance to the market on direction of interest rate movement, liquidity and credit expansion. The central bank has been operating as an independent authority, formulating the policies to maintain price stability and adequate liquidity. Bonds are traded in dematerialized form. Credit rating agencies have been playing an important role in the market and are an important source of information to manage the credit risk.

Government (Central and State) is the largest issuer of debt in the market. Public sector enterprises, quasi government bodies and private sector companies are other issuers. Insurance companies, provident funds, banks, mutual funds, financial institutions, corporates and FPIs are major investors in the market.

Government loans are available up to 40 years maturity. Variety of instruments available for investments including plain vanilla bonds, floating rate bonds, money market instruments, structured obligations and interest rate derivatives make it possible to manage the interest rate risk effectively.

Indicative levels of the instruments as on December 15, 2025 are as follows:

Yiel Instrument Maturity Tenure Liquidity d Very TREPS / Repo Short Overnight 5.50 High 3 months

6.65 CP* CP / CD / T Bills Short 3 months CD 6.02 High 1 Year CP* 6.88 1 Year CD 6.45 Central Government Low to High 10 years 6.53 Medium securities

Source: Bloomberg *Data is for NBFC.

B. What are the investment restrictions? SO-31 The following investment limitations and other restrictions, inter-alia, as contained in the Trust Deed

and the Regulations apply to the Scheme:  The total exposure of debt schemes in a particular sector (excluding investments in Bank CDs, Tri- party repo, G-Secs, T-Bills and AAA rated securities issued by Public Financial Institutions and Mirae Asset Multi Factor Fund Page 44 of 73Public Sector Banks) shall not exceed 20% of the net assets of the scheme. However, the scheme(s) may have an additional exposure to financial services sector (over and above the sectoral limit of 20%) not exceeding 10% of its net assets by way of increase in exposure to Housing Finance Companies (HFCs) registered with National Housing Bank. Such additional exposure shall be to securities issued by HFCs which are rated AA and above. Further, the Scheme may have an additional exposure of 5% of the net assets of the scheme for investments in securitized debt instruments based on retail housing loan portfolio and/or affordable housing loan portfolio. The total investment / exposure in HFCs shall not exceed 20% of the net assets of the scheme(s).

 The Mutual Funds/AMCs shall ensure that total exposure of debt schemes in a group (excluding investments in securities issued by Public Sector Units, Public Financial Institutions and Public Sector Banks) shall not exceed 20% of the net assets of the scheme. Such investment limit may be extended to 25% of the net assets of the scheme with the prior approval of the Board of Trustees.

Further, investments by debt mutual fund schemes in debt and money market instruments of group companies of both the sponsor and the asset management company shall not exceed 10% of the net assets of the scheme. Such investment limit may be extended to 15% of the net assets of the scheme with the prior approval of the Board of Trustees A group means a group as defined under regulation 2(mm) of SEBI (Mutual Funds) Regulations, 1996 and shall include an entity, its subsidiaries, fellow subsidiaries, its holding company and its associates.

 The scheme shall not invest more than 10% of its NAV in debt instruments comprising money market instruments and non-money market instruments issued by a single issuer which are rated not below investment grade by a credit rating agency authorized to carry out such activity under the Act. Such investment limit may be extended to 12% of the NAV of the scheme with the prior approval of the Board of Trustees and the Board of directors of the asset management company.

Further, in accordance with clause 12.8 of SEBI Master Circular June 27, 2024, the Scheme shall

not invest more than: a) 10% of its NAV in debt and money market securities rated AAA; or b) 8% of its NAV in debt and money market securities rated AA; or c) 6% of its NAV in debt and money market securities rated A and below The above investment limits may be extended by up to 2% of the NAV of the scheme with prior approval of the Board of Trustees and Board of Directors of the AMC, subject to compliance with the overall 12% limit specified above.

 The scheme shall not invest in unlisted debt instruments including commercial papers (CPs), other than (a) government securities, (b) other money market instruments and (c) derivative products such as Interest Rate Swaps (IRS), Interest Rate Futures (IRF), etc. which are used by mutual funds for hedging.

However, mutual fund schemes may invest in unlisted Non-Convertible Debentures (NCDs) not exceeding 10% of the debt portfolio of the scheme subject to the condition that such unlisted NCDs have a simple structure (i.e. with fixed and uniform coupon, fixed maturity period, without any options, fully paid up upfront, without any credit enhancements or structured obligations) and are rated and secured with coupon payment frequency on monthly basis.

Mirae Asset Multi Factor Fund Page 45 of 73 Investment in unrated debt and money market instruments, other than government securities, treasury bills, derivative products such as Interest Rate Swaps (IRS), Interest Rate Futures (IRF), etc. shall be subject to following:

a. Investments shall only be made in such instruments, including bills rediscounting, usance bills, etc., that are generally not rated and for which separate investment norms or limits are not

provided in SEBI (Mutual Fund) Regulations, 1996 and various circulars issued thereunder. b. Exposure in such instruments, shall not exceed 5% of the net assets of the scheme. c. All such investments shall be made with the prior approval of the Board of AMC and the Board of trustees.

 No Mutual Fund under all its schemes taken together should own more than 10% of any company’s paid up capital carrying voting rights or ten per cent of units of REITs issued by a single issuer, as the case may be.

 Inter scheme transfers (ISTs) of investments from one scheme to another scheme in the same Mutual SO-30 Fund shall be allowed only if such transfers are done at the prevailing market price for quoted instruments on spot basis. Explanation -“Spot basis” shall have same meaning as specified by stock exchange for spot transactions. The securities so transferred shall be in conformity with the investment objective of the scheme to which such transfer has been made.

Further, ISTs may be allowed in the following scenarios: i. for meeting liquidity requirement in a scheme in case of unanticipated redemption pressure ii. for Duration/ Issuer/ Sector/ Group rebalancing No IST of a security shall be done, if there is negative news or rumors in the mainstream media or an alert is generated about the security, based on internal credit risk assessment. The Scheme shall comply with the guidelines for inter-scheme transfers as specified under clause 12.30 of SEBI Master Circular dated June 27, 2024.

 Every mutual fund shall buy and sell securities on the basis of deliveries and shall in all cases of purchases, take delivery of relative securities and in all cases of sale, deliver the securities and shall in no case put itself in a position whereby it has to make short sale or carry forward transaction or engage in badla finance, provided that mutual funds shall enter into derivatives transactions in a recognized stock exchange subject to such guidelines as may be specified by SEBI.

 Every mutual fund shall get the securities purchased or transferred in the name of the mutual fund on account of the concerned scheme, wherever investments are intended to be of long-term nature.  The Scheme shall not make any investment in: a) Any unlisted security of an associate or group company of the Sponsor; or b) Any security issued by way of private placement by an associate or group company of the sponsor; or c) The listed securities of group companies of the Sponsor which is in excess of 25% of the net assets.

 No scheme of a mutual fund shall make any investment in any fund of funds scheme.  The Mutual Fund having an aggregate of securities which are worth Rs.10 crores or more, as on the latest balance sheet date, shall subject to such instructions as may be issued from time to time by SEBI, settle their transactions entered on or after January 15, 1998 only through dematerialized securities. Further, all transactions in government securities shall be in dematerialized form.

 No Mutual Fund scheme shall invest more than 10% of its NAV in the listed equity shares or listed equity related instruments of any entity or listed units /securities of venture capital funds provided Mirae Asset Multi Factor Fund Page 46 of 73that the limit of 10% shall not be applicable for investments in index scheme or sector or industry specific scheme.

 All investments by a mutual fund scheme in equity shares and equity related instruments shall only be made provided such securities are listed or to be listed.  The mutual fund shall not borrow except to meet temporary liquidity needs of the mutual funds for the purpose of repurchase, redemption of units or payment of interest or dividend to the unitholders.

Provided that the mutual fund shall not borrow more than 20 per cent of the net asset of the scheme and the duration of such a borrowing shall not exceed a period of six months.  The Scheme may invest in another scheme under the same asset management company or any other mutual fund without charging any fees, provided that aggregate inter-scheme investment made by all schemes under the management or in schemes under the management of any other asset management company shall not exceed 5% of the NAV of the mutual fund.

 The investment of mutual fund schemes in below instruments shall not exceed 10% of the debt portfolio of the schemes and the group exposure in such instruments shall not exceed 5% of the debt

portfolio of the schemes: a) Unsupported rating of debt instruments (i.e. without factoring-in credit enhancements) is below investment grade and b) Supported rating of debt instruments (i.e. after factoring-in credit enhancement) is above investment grade.

 Investment in debt instruments, having credit enhancements backed by equity shares directly or indirectly, shall have a minimum cover of 4 times considering the market value of such shares.  The Scheme shall get the securities purchased or transferred in the name of the mutual fund on account of the concerned scheme, wherever investments are intended to be of long-term nature.

 Pending deployment of funds of a scheme in securities in terms of investment objectives of the scheme a mutual fund can invest the funds of the scheme in short term deposits of scheduled commercial banks. The investment in these deposits shall be in accordance with clause 12.16 of SEBI Master Circular dated June 27, 2024.

As per clause 12.16 of SEBI Master Circular dated June 27, 2024 on investments in Short Term Deposits (STDs) of Scheduled Commercial Banks: i. Total investment of the Scheme in Short term deposit(s) of all the Scheduled Commercial Banks put together shall not exceed 15% of the net assets. However, this limit can be raised upto 20% of the net assets with prior approval of the trustees. Further, investments in Short Term Deposits of associate and sponsor scheduled commercial banks together shall not exceed 20% of total deployment by the Mutual Fund in short term deposits.

ii. “Short Term” for parking of funds by Mutual Funds shall be treated as a period not exceeding 91 days iii. The Scheme shall not invest more than 10% of the net assets in short term deposit(s), of any one scheduled commercial bank including its subsidiaries.

Mirae Asset Multi Factor Fund Page 47 of 73iv. The Scheme shall not invest in short term deposit of a bank which has invested in that Scheme.

AMC shall also ensure that the bank in which a scheme has Short term deposit do not invest in the said scheme until the scheme has Short term deposit with such bank.

The above conditions are not applicable to term deposits placed as margins for trading in cash and derivative market. v. Asset Management Company (AMC) shall not be permitted to charge any investment management and advisory fees for parking of funds in short term deposits of scheduled commercial banks.

vi. The investments in short term deposits of scheduled commercial banks will be reported to the Trustees along with the reasons for the investment which, inter-alia, would include comparison with the interest rates offered by other scheduled commercial banks. Further, AMC shall ensure that the reasons for such investments are recorded in the manner prescribed in clause 12.23 of SEBI Master Circular dated June 27, 2024.

 The Scheme will not invest in debt instruments with special features.  No loans for any purpose can be advanced by the Scheme.  The Scheme will comply with SEBI regulations and any other regulations applicable to the investments of Funds from time to time. The Trustee may alter the above restrictions from time to time to the extent that changes in the regulations may allow. All investment restrictions shall be applicable at the time of making investment.

 The Scheme may invest in the units of InvITs subject to the following: a) The Mutual Fund under all its schemes shall not own more than 10% of units issued by a single issuer of InvIT; and b) The scheme shall not invest – i. more than 10% of its NAV in the units of InvIT; and ii. more than 5% of its NAV in the units of InvIT issued by a single issuer.

Provided that the limits mentioned in sub-paragraphs (i) and (ii) above shall not be applicable for investments in case of Index Fund or sector or industry specific scheme pertaining to InvIT.

Investments Limitations and Restrictions in Derivatives In accordance with clause 12.25 of SEBI Master Circular dated June 27, 2024, the following investment

restrictions shall apply with respect to investment in Derivatives:

Sr. Particulars No.

1 The cumulative gross exposure through equity, debt and money market instruments, derivative positions, repo in corporate debt, units issued by REITs & InvITs will not exceed 100% of the net assets of the scheme. However, cash or cash equivalents with residual maturity of less than 91 days shall be treated as not creating any exposure.

2 The Scheme shall not write options or purchase instruments with embedded written options except call options under a covered call strategy as specified in clause 12.25 of SEBI Master Circular dated June 27, 2024 as amended from time to time.

Mirae Asset Multi Factor Fund Page 48 of 733 The total exposure related to option premium paid shall not exceed 20% of the net assets of the scheme.

4 Exposure due to hedging positions may not be included in the above-mentioned limits

subject to the following: a. Hedging positions are the derivative positions that reduce possible losses on an existing position in securities and till the existing position remains. b. Hedging positions shall not be taken for existing derivative positions. Exposure due to such positions shall be added and treated under gross cumulative exposure limits mentioned under Point 1.

c. Any derivative instrument used to hedge shall have the same underlying security as the existing position being hedged. d. The quantity of underlying associated with the derivative position taken for hedging purposes shall not exceed the quantity of the existing position against which hedge has been taken.

5  The scheme may enter into plain vanilla Interest Rate Swaps (IRS) for hedging purposes. The value of the notional principal in such cases shall not exceed the value of respective existing assets being hedged by the scheme.

 In case of participation in IRS is through over the counter transactions, the counter party shall be an entity recognized as a market maker by RBI and exposure to a single counterparty in such transactions shall not exceed 10% of the net assets of the scheme.

However, if mutual funds are transacting in IRS through an electronic trading platform offered by the Clearing Corporation of India Ltd. (CCIL) and CCIL is the central counterparty for such transactions guaranteeing settlement, the single counterparty limit of 10% shall not be applicable.

6 Exposure due to derivative positions taken for hedging purposes in excess of the underlying position against which the hedging position has been taken, shall be treated under gross cumulative exposure limits mentioned under Point 1.

7 Each position taken in derivatives shall have an associated exposure as defined below.

Exposure is the maximum possible loss that may occur on a position. However, certain derivative positions may theoretically have unlimited possible loss. Exposure in

derivative positions shall be computed as follows:

Position Exposure Long Future Futures Price * Lot Size * Number of Contracts Short Future Futures Price * Lot Size * Number of Contracts Option bought Option Premium Paid * Lot Size * Number of Contracts 8 Der ivatives transactions shall be disclosed in the half-yearly portfolio / annual report of the schemes in line with requirements under SEBI Regulations.

9 In line with clause 12.25 of SEBI Master Circular dated June 27, 2024 with respect to writing of Covered Call Options by Mutual Fund Schemes, the Schemes (excluding ETFs and Index Funds) may write call options only under a covered call strategy for constituent stocks of Nifty 50 and BSE Sensex subject to the following:

i. The total notional value (taking into account strike price as well as premium value) of call options written by the scheme shall not exceed 15% of the total market value of equity shares held in that scheme.

ii. The total number of shares underlying the call options written shall not exceed 30% of the unencumbered shares of a particular company held in the scheme. The unencumbered shares in a scheme shall mean shares that are not part of Securities Mirae Asset Multi Factor Fund Page 49 of 73Lending and Borrowing Mechanism (SLBM), margin or any other kind of encumbrances.

iii. At all points of time the Mutual Fund scheme shall comply with the provisions at point i and ii above. In case of any passive breach of the requirement at point i, the scheme shall have 7 trading days to rebalance the portfolio. During the rebalancing period, no additional call options can be written in the scheme.

iv. In case the scheme needs to sell securities on which a call option is written under a covered call strategy, it must ensure compliance with paragraphs (i) and (ii) above while selling the securities.

v. In no case, the scheme shall write a call option without holding the underlying equity shares. A call option can be written only on shares which are not hedged using other derivative contracts. vi. The premium received shall be within the requirements prescribed i.e. the total gross exposure related to option premium paid and received must not exceed 20% of the net assets of the scheme.

vii. The exposure on account of the call option written under the covered call strategy shall not be considered as exposure in terms of paragraph 3 of Clause 12.25 of SEBI Master Circular dated June 27, 2024, viii. The call option written shall be marked to market daily and the respective gains or losses factored into the daily NAV of the Scheme until the position is closed or expired.

Position limit for the Fund in index options contracts  The Fund’s position limit in all index options contracts on a particular underlying index shall be Rs.500 Crores or 15% of the total open interest of the market in index options, whichever is higher, per Stock Exchange.

 This limit would be applicable on open positions in all options contracts on a particular underlying index.

Position limit for the Fund in index futures contracts  The Fund’s position limit in all index futures contracts on a particular underlying index shall be Rs.500 Crores or 15% of the total open interest of the market in index futures, whichever is higher, per Stock Exchange.

 This limit would be applicable on open positions in all futures contracts on a particular underlying index.

Additional position limit in index derivatives for hedging for the Fund In addition to the position limits above, the Fund may take exposure in equity index derivatives

subject to the following limits:  Short positions in index derivatives (short futures, short calls and long puts) shall not exceed (in notional value) the Fund’s holding of stocks.  Long positions in index derivatives (long futures, long calls and short puts) shall not exceed (in notional value) the Fund’s holding of cash, government securities, T-Bills and similar instruments.

Mirae Asset Multi Factor Fund Page 50 of 73Position limit for the Fund for stock based derivative contracts The combined futures and options position limit shall be 20% of the applicable Market Wide Position Limit (MWPL).

Position limit for the Scheme The position limit/disclosure requirements for the Scheme shall be as follows:  For stock option and stock futures contracts, the gross open position across all derivative contracts

on a particular underlying stock of the Scheme shall not exceed the higher of:

1% of the free float market capitalization (in terms of number of shares) OR 5% of the open interest in the derivative contracts on a particular underlying stock (in terms of number of contracts (Shares)).

 For index-based contracts, the Fund shall disclose the total open interest held by its scheme or all schemes put together in a particular underlying index, if such open interest equals to or exceeds 15% of the open interest of all derivative contracts on that underlying index.

 This position limits shall be applicable on the combined position in all derivative contracts on an underlying stock at a stock exchange.

The Trustee may alter the above restrictions from time to time to the extent that changes in the Regulations may allow and as deemed fit in the general interest of the Unit Holders.

Participation in Repo in Corporate Debt In accordance with clause 12.18 of SEBI master Circular dated June 27, 2024 on ‘Participation of mutual funds in repo in corporate debt securities’, Mirae Asset Mutual Fund shall participate in repo transactions in Corporate Debt Securities within the following overall framework, as per the guidelines of Securities and Exchange Board of India and Boards of Mirae Asset Trustee Co. Pvt.

Ltd. & Mirae Asset Investment Managers (India) Pvt. Ltd.

A. Gross Exposure Norms

(i) The gross exposure of the scheme to ‘corporate bonds repo transactions’ shall not be more than 10% of the net assets of the concerned scheme.

(ii) The cumulative gross exposure through repo transactions in corporate debt, equity, debt and derivative positions should not exceed 100% of the net assets of the Scheme. However, cash or cash equivalents with residual maturity of less than 91 days shall be treated as not creating any exposure.

(iii) In addition to investment restrictions specified in SEBI (Mutual Funds) Regulations 1996, the counter-party exposure in a scheme, considering the investments held in the debt securities and value of collaterals held through repo transactions (as a lender), shall not be more than 10% of the Net Assets of the Scheme.

B. Category of the counter-party to be considered for making investment

Eligible Counterparties: In accordance with the RBI Circular No. RBI/2009‐ 10/284 idmd.dod.05/11.08.38/2009‐ 10 dated January 8, 2010, the following categories of entities shall be deemed to be the eligible counterparties to undertake repo transactions in corporate debt securities,

provided, they form part of the Fixed Income Investment Universe of Mirae Asset Mutual Fund, and

subject to execution of master repo agreement: i) Any scheduled commercial bank excluding RRBs and LABs; ii) Any Primary Dealer authorized by the Reserve Bank of India; iii) Any non-banking financial company registered with the Reserve Bank of India (other than Government companies as defined in section 617 of the Companies Act, 1956);

Mirae Asset Multi Factor Fund Page 51 of 73iv) All-India Financial Institutions, namely, Exim Bank, NABARD, NHB and SIDBI; v) Other regulated entities, subject to the approval of the regulators concerned, viz.,

(1) Any mutual fund registered with the Securities and Exchange Board of India;

(2) Any housing finance company registered with the National Housing Bank; and

(3) Any insurance company registered with the Insurance Regulatory and Development Authority.

(4) other entities specifically permitted by the Reserve Bank.

C. Credit Rating of Counterparty to be considered for making investment The scheme/s shall carry out repo transactions with only those counterparties, who have a credit rating of ‘AA and above’ (Long term rating) or ‘A1+’ (Short term rating) which are part of our approved Debt Universe on which we have approved Credit Limits.

D. Tenor of Repo As a repo seller, the scheme/s can borrow for a period not more than six months as per the existing Regulation 44(2) of the SEBI (Mutual Funds) Regulations, 1996. As a repo buyer, the scheme/s can lend for a maximum period of one year, subject to provision/s of the Scheme Information Document

(SID).

E. Tenor and Credit Rating of the Collateral The scheme/s shall participate in repo transactions in Corporate Bonds rated ‘AA and above’ and Commercial Papers (CPs) and Certificate of Deposits (CDs). The tenor of the collateral shall not be more than 10 years.

F. Minimum Haircut Haircut/ margins will be decided either by the clearing house or may be bilaterally agreed upon, in terms of the documentation governing repo transactions, subject to the following stipulations:

Listed corporate bonds and debentures shall carry a minimum haircut of 2% of market value.

Additional haircut may be charged based on tenor and illiquidity of the security.

CPs and CDs shall carry a minimum haircut of 1.5% of market value.

Securities issued by a local authority shall carry a minimum haircut of 2% of market value.

Additional haircut may be charged based on tenor and illiquidity of the security.

The above are minimum stipulated haircuts where the repo period is overnight or where the re- margining frequency (in case of longer tenor repos) is daily. In all other cases, Fund Manager may adopt appropriate higher haircuts.

For the purpose of consideration of credit rating of exposure on repo transactions for various purposes including for Potential Risk Class (PRC) matrix, liquidity ratios, Risk-o-meter etc., the same shall be as that of the underlying securities, i.e., on a look through basis. For transactions where settlement is guaranteed by a Clearing Corporation, the exposure shall not be considered for the purpose of determination of investment limits for single issuer, group issuer and sector level limits.

The Trustee may alter the above restrictions from time to time to the extent that changes in the Regulations may allow and as deemed fit in the general interest of the Unit Holders.

Mirae Asset Multi Factor Fund Page 52 of 73Apart from the investment restrictions prescribed under SEBI (MF) Regulations, the Fund does not SO-19 follow any internal norms vis-a-vis limiting exposure to a particular scrip or sector etc.

C. Fundamental Attributes SO-59 Following are the Fundamental Attributes of the scheme, in terms of Clause 1.14 of SEBI Master

Circular for Mutual Funds dated June 27, 2024:

(i) Type of a scheme Equity – Sectoral/Thematic An open-ended equity scheme following a multi factor based investment theme.

(ii) Investment Objective:

The scheme seeks to generate long term capital appreciation by investing in equity and equity related instruments by following a multi factor based investment theme.

There is no assurance that the investment objective of the Scheme will be achieved.  Main Objective - Growth & Income  Investment pattern

Asset allocation:

Indicative allocation (% of total assets) Types of Instruments Maximum Minimum Equities & Equity related Instruments* based on multi factor 80 100 investment theme Equity & Equity Related instruments* of companies other than 0 20 based on multi factor investment theme Debt and Money Market Instruments 0 20 Units issued by InvITs 0 10 *Equity and Equity related instruments include convertible debentures, equity warrants, convertible preference shares, equity derivatives, units issued by REITs, etc.

Rebalancing of deviation due to short term defensive consideration Subject to SEBI (MF) Regulations, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. It must be clearly understood that the percentages can vary substantially depending upon the perception of the Investment Manager; the intention being at all times to seek to protect the interests of the Unit holders. As per clause 1.14.1.2 of SEBI Master Circular dated June 27, 2024, such changes in the investment pattern will be for short term and for defensive consideration only. In the event of deviations, portfolio rebalancing will be carried out within 30 calendar days in such cases.

(iii) Terms of Issue Mirae Asset Multi Factor Fund Page 53 of 73 Listing:

The Scheme being open ended, the Units are not proposed to be listed on any stock exchange and no transfer facility on the exchange is provided. However, the Trustee reserves the right to list the units as and when open-end Schemes are permitted to be listed under the Regulations, and if the Trustee considers it necessary in the interest of unit holders of the Scheme.

 Redemption:

The Unit Holder has the option to request for Redemption either in amount in rupees or in number of Units. In case the request for Redemption specifies both, i.e. amount in rupees as well the number of Units to be redeemed, then the latter will be considered as the redemption request and redemption will be processed accordingly. The minimum redemption amount shall be ‘any amount’ or ‘any number of units’ as requested by the investor at the time of redemption request. The Trustees have authorized the AMC to suo moto redeem such fractional balance units (less than 1 unit), on periodic basis across all schemes, as and when decided by the AMC. Units can be redeemed (sold back to the Fund) at the Redemption Price during the Ongoing Offer Period. If an investor has purchased Units of a Scheme on more than one Business Day the Units will be redeemed on a first-in-first-out basis. If multiple Purchases are made on the same day, the Purchase appearing earliest in the account statement will be redeemed first.

Redemption Price:

The Redemption Price of the Units is the price at which a Unit Holder can redeem Units of a scheme.

It will be calculated as described below:

Redemption Price = Applicable NAV - (Applicable NAV x Exit Load*) * Exit Load, whatever is applicable, will be charged.

Redemption Price will be calculated for up to three decimal places for the Scheme.

For example, if the Applicable NAV of a Scheme is Rs.10.5550, and it has a 2% Exit Load, the

Redemption Price will be calculated as follows:

Redemption Price = 10.5550 - (10.5550 X 2.00%) i.e. 10.4550 - 0.2110 = 10.3440 If the Scheme has no Exit Load, the Redemption Price will be equal to the Applicable NAV.

The Securities Transaction Tax levied under the Income Tax Act, 1961, at the applicable rate on the amount of redemption will be reduced from the amount of redemption.

To illustrate:

If a Redemption of 4,900 units is sought by the Unit Holder at a Redemption Price of Rs. 10.3440 (as calculated above), the redemption amount is Rs. 50,685.60. Securities Transaction Tax (STT) for instance is 0.001%. This will be further reduced by the STT of Re. 0.50 (i.e. Rs. 50,685.60 x 0.001%), making the net redemption amount Rs. 50,685.10.

If a Redemption of Rs. 10,000 is sought by the Unit Holder at a Net Redemption Price of Rs. 10.3440 (as calculated above), which will give 966.744 Units; the effective redemption amount will be grossed up to Rs. 10,204.08 (i.e. 10,000 ÷ (1-2%)) and 966.744 units (10,204.08 ÷ 10.555) will be redeemed.

This is to ensure that the Unit Holder receives the net amount of Rs. 10,000 as desired.

Mirae Asset Multi Factor Fund Page 54 of 73Investors may note that the Trustee has a right to modify the existing Load structure in any manner subject to a maximum as prescribed under the Regulations and with prospective effect only.

Please refer section – LOAD STRUCTURE.

Applicable NAV for Redemption / Switch-Out / Systematic Transfer Plan:  In respect of valid Redemption applications accepted at a Designated Collection Centre up to 3 p.m. on a Business Day, the NAV of such day will be applicable.

 In respect of valid Redemption applications accepted at a Designated Collection Centre after 3 p.m. on a Business Day, the NAV of the next Business Day will be applicable.  Aggregate fees and expenses charged to the scheme: For detailed fees and expenses charged to the scheme please refer to section- I Part - III ‘C – Annual Scheme Recurring Expenses’.

 Any safety net or guarantee provided: There is no assurance OR guarantee of returns.

In accordance with Regulation 18(15A) of the SEBI (MF) Regulations and Clause 1.14.1.4 of SEBI Master Circular for Mutual Funds dated June 27, 2024 the Trustees shall ensure that no change in the fundamental attributes of the Scheme(s) and the Plan(s) / Option(s) thereunder or the trust or fee and expenses payable or any other change which would modify the Scheme(s) and the Plan(s) / Option(s) thereunder and affect the interests of Unitholders is carried out unless:

• SEBI has reviewed and provided its comments on the proposal • A written communication about the proposed change is sent to each Unitholder and an advertisement is given in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated; and • The Unitholders are given an option for a period of atleast 30 calendar days to exit at the prevailing Net Asset Value without any exit load.

D. Other Scheme Specific Disclosures:

Listing and transfer of units The Scheme being open ended, the Units are not proposed to be listed on any stock exchange and no transfer facility on the exchange is provided. However, the Trustee reserves the right to list the units as and when open-end Schemes are permitted to be listed under the Regulations, and if the Trustee considers it necessary in the interest of unit holders of the Scheme.

Units held in Demat form are transferable (subject to lock-in period, if any and subject to lien, if any marked on the units) in accordance with the provisions of SEBI (Depositories and Participants) Regulations, 2018, as may be amended from time to time. Transfer can be made only in favor of transferees who are capable of holding Units and having a Demat Account. The delivery instructions for transfer of Units will have to be lodged with the DP in requisite form as may be required from time to time and transfer will be effected in Mirae Asset Multi Factor Fund Page 55 of 73accordance with such rules / regulations as may be in force governing transfer of securities in dematerialized mode.

Further, for the procedure of release of lien, the investors shall contact their respective Depository.

However, if a person becomes a holder of the Units consequent to operation of law or upon enforcement of a pledge, the Mutual Fund will, subject to production of satisfactory evidence, effect the transfer, if the transferee is otherwise eligible to hold the Units. Similarly, in cases of transfers taking place consequent to death, insolvency etc., the transferee’s name will be recorded by the Mutual Fund subject to production of satisfactory evidence.

Please refer SAI for details on transmission, nomination, lien, pledge, duration of the Scheme and Mode of Holding.

Transfer of units held in Non-Demat [Statement of Account (‘SOA’)] mode:

Pursuant to the provisions of AMFI Best Practices Guidelines

Circular No.116 /2024-25 dated August 14, 2024, units held by individual unitholders in Non-Demat (‘SoA’) mode can be

transferred under the following categories: a. surviving joint holder, who wants to add new joint holder(s) in the folio upon demise of one or more joint unitholder(s). b. Nominee of a deceased unitholder, who wants to transfer the units to the legal heirs of the deceased unitholder, post the transmission of units in the name of the nominee;

c. a minor unitholder who has turned a major and has changed his/her status from minor to major, wants to add the name of the parent / guardian, sibling, spouse etc. in the folio as joint holder(s). d. Transfer to siblings e. Gifting of units f. Transfer of units to third party g. Addition/deletion of unit holder Partial transfer of units held in a folio shall be allowed.

However, if the balance units in the transferor’s folio falls below specified threshold / minimum number of units as specified in the SID, such residual units shall be compulsorily redeemed, and the redemption amount will be paid to the transferor.

If the request for transfer of units is lodged on the record date, the IDCW payout/ reinvestment shall be made to the transferor.

Mirae Asset Multi Factor Fund Page 56 of 73Redemption of the transferred units shall not be allowed for 10 days from the date of transfer. This will enable the investor to revert in case the transfer is initiated fraudulently.

The facility for transfer of Units held in Non-Demat (SOA) mode shall be made available only through online mode via the transaction portals of the RTAs and the MF Central i.e., the transfer of units held in SoA mode shall not be allowed through physical/ paper-based mode or via the stock exchange platforms, MFU, channel partners and EOPs etc.

For further details on Pre-requisites and Payment of Stamp duty on Transfer of Units, please refer SAI.

Dematerialization of units Investors shall have an option to receive allotment of Mutual Fund units in their demat account while subscribing to the Scheme in terms of the guidelines/ procedural requirements SO- 57 (a) as laid by the Depositories (NSDL/CDSL) from time to time.

Investors desirous of having the Units of the Scheme in dematerialized form should contact the ISCs of the AMC/Registrar.

Where units are held by investor in dematerialized form, the demat statement issued by the Depository Participant would be deemed adequate compliance with the requirements in respect of dispatch of statements of account.

In case investors desire to convert their existing physical units (represented by statement of account) into dematerialized form or vice versa, the request for conversion of units held in physical form into Demat

(electronic) form or vice versa should be submitted along with a Demat/Remat Request Form to their Depository Participants.

In case the units are desired to be held by investor in dematerialized form, the KYC performed by Depository Participant shall be considered compliance of the applicable SEBI norms. Further, demat option shall also be available for SIP transactions. Units will be allotted based on the applicable NAV as per Scheme Information Document and will be credited to investors Demat Account as per the settlement calendar Units held in Demat form are freely transferable in accordance with the provisions of SEBI (Depositories and Participants) Regulations, as may be amended from time to time. Transfer can be made only in favour of transferees who are capable of holding units and having a Demat Account. The delivery instructions for transfer of units will Mirae Asset Multi Factor Fund Page 57 of 73have to be lodged with the Depository Participant in requisite form as may be required from time to time and transfer will be affected in accordance with such rules / regulations as may be in force governing transfer of securities in dematerialized mode.

For details, Investors may contact any of the Investor Service Centres of the AMC.

Minimum Target amount The Scheme seeks to collect a minimum subscription amount of Rs. 10 Crores under the Scheme during the NFO Period. (This is the minimum amount required to operate the scheme if this is not collected during NFO period, then the investors would be refunded the amount invested without any return) Maximum Amount to be raised (if There is no upper limit on the total amount to be collected any) under the Scheme during the NFO Period.

Dividend Policy (IDCW) The IDCW warrants shall be dispatched to the unit holders within 7 working days from the record date.

In case of Unit Holder having a bank account with certain banks with which the Mutual Fund would have made arrangements from time to time, the IDCW proceeds shall be directly credited to their account.

The IDCW will be paid by warrant and payments will be made in favor of the Unit holder (registered holder of the Units or, if there is more than one registered holder, only to the first registered holder) with bank account number furnished to the Mutual Fund (please note that it is mandatory for the Unit holders to provide the Bank account details as per the directives of SEBI).

Further, the IDCW proceeds may be paid by way of ECS/EFT/NEFT/RTGS/any other manner through which the investor’s bank account specified in the Registrar & Transfer Agent’s records is credited with the IDCW proceeds as per the instructions of the Unit holders.

In case the delay is beyond seven working days, then the AMC shall pay interest @ 15% p.a. from the expiry of seven working days till the date of dispatch of the warrant.

Allotment Subject to the receipt of the specified minimum subscription amount, full allotment of Units applied for will be made within 5 business days from the date of closure of the NFO SO-60 Period for all valid applications received during the NFO Period.

An account statement will be sent by ordinary post/courier/secured encrypted electronic mail to each Unit Holder, stating the number of Units purchased, not later than 5 business days from the close of the NFO Period.

Mirae Asset Multi Factor Fund Page 58 of 73In case of specific request received from investors, Mutual Fund shall provide the account statement to the investors within 5 working days from the receipt of such request without any charges.

Allotment of Units and dispatch of Account Statements to FPIs will be subject to RBI approval, if required.

For investors who have given Demat account details in the application form, the Units issued by the AMC shall be credited by the Registrar to the investors’ beneficiary account with the DP as per information provided in the application form and information of allotment will be accordingly sent by the Registrar.

Full allotment will be made to all valid applications received during the New Fund Offer Period. Allotment of Units shall be completed not later than five business days after the close of the New Fund Offer Period. The Units will be computed and accounted for up to whole numbers (complete integers) only and no fractional units will be allotted for all Subscriptions/Application Money.

If any fractional units are calculated as a result of the switch application, the units in the resultant scheme would be allotted to the extent of the entire such application money from the source scheme and will be computed and accounted for up to 3 decimal places and that no refund shall be paid/refunded to the investor for said such fractional Units.

Accordingly, the clause for multiples of Re.1 will not be applicable for switch transactions both during On-Going basis.

Dematerialization The Units of the Scheme will be available in dematerialized SO-57 (c ) (electronic) form. The investor intending to invest in Units of the Scheme will be required to have a beneficiary account with a Depository Participant (DP) of the NSDL/CDSL and will be required to mention in the application form DP’s Name, DP ID No. and Beneficiary Account No. with the DP at the time of purchasing Units.

The Units allotted will be credited to the DP account of the Unit holder as per the details provided in the application form.

However, the Trustee / AMC reserves the right to change the dematerialization/rematerialization process in accordance with the procedural requirements laid down by the Depositories, viz. NSDL/ CDSL and/or in accordance with the provisions laid under the Depositories Act, 1996 and the Regulations thereunder.

Mirae Asset Multi Factor Fund Page 59 of 73Refund If application is rejected, full amount will be refunded within 5 working days of closure of NFO. If refunded later than 5 working days @ 15% p.a. for delay period will be paid and charged to the AMC.

Who can invest  Indian resident adult individuals, either singly or jointly (not exceeding three);

This is an indicative list and investors  Minor through parent / lawful guardian; (please see the shall consult their financial advisor to note below) ascertain whether the scheme is  Companies, bodies corporate, public sector undertakings, suitable to their risk profile. association of persons or bodies of individuals and societies registered under the Societies Registration Act, 1860;

 Partnership Firms constituted under the Partnership Act, 1932;  Limited Liability Partnerships (LLP);  A Hindu Undivided Family (HUF) through its Karta;  Banking Company as defined under the Banking Regulation Act, 1949;

 Banks (including Co-operative Banks and Regional Rural Banks) and Financial Institutions;  Public Financial Institution as defined under the Companies Act, 1956;  Insurance Company registered with the Insurance Regulatory and Development Authority (IRDA);

 Non-Resident Indians (NRIs) / Persons of Indian Origin

(PIO) on full repatriation basis or on non-repatriation basis;  Foreign Portfolio Investors (FPI) (including overseas ETFs, Fund of Funds) registered with SEBI on repatriation basis;  Mutual Funds/ Alternative Investment Funds registered with SEBI  Army, Air Force, Navy and other para-military funds and eligible institutions;

 Scientific and Industrial Research Organizations;  Provident / Pension / Gratuity and such other Funds as and when permitted to invest;  International Multilateral Agencies approved by the Government of India / RBI; and  The Trustee, AMC or Sponsor or their associates (if eligible and permitted under prevailing laws).

 A Mutual Fund through its schemes if permitted by the regulatory authorities.  Special Purpose Vehicles (SPVs) approved by appropriate authority (subject to RBI approval).  Religious and Charitable Trusts, Wakfs or endowments of private trusts (subject to receipt of necessary approvals as Mirae Asset Multi Factor Fund Page 60 of 73required) and Private Trusts authorized to invest in mutual fund schemes under their trust deeds;

 Qualified Foreign Investors subject to the conditions prescribed by SEBI, RBI, Income Tax authorities and the AMC, from time to time on repatriation basis.  Such other individuals/institutions/body corporate etc., as may be decided by the AMC from time to time, so long as wherever applicable they are in conformity with SEBI Regulations/RBI, etc.

Note: 1.

Minor Unit Holder on becoming major may inform the Registrar about attaining majority and provide his specimen signature duly authenticated by his banker as well as his details of bank account and a certified true copy of the PAN card as mentioned under the paragraph “Anti Money Laundering and Know Your Customer” to enable the Registrar to update their records and allow him to operate the Account in his own right.

Note 2. Applicants under Power of Attorney:

An applicant willing to transact through a power of attorney must lodge the photocopy of the Power of Attorney (PoA) attested by a Notary Public or the original PoA (which will be returned after verification) within 30 Days of submitting the Application Form / Transaction Slip at a Designated Collection Centre. Applications are liable to be rejected if the power of attorney is not submitted within the aforesaid period.

Who cannot invest It should be noted that the following entities cannot invest in

the scheme:  Any individual who is a foreign national or any other entity that is not an Indian resident under the Foreign Exchange Management Act, 1999, except where registered with SEBI as a FPI. However, there is no restriction on a foreign national from acquiring Indian securities provided such foreign national meets the residency tests as laid down by Foreign Exchange Management Act, 1999.

 Overseas Corporate Bodies (OCBs) shall not be allowed to invest in the Scheme. These would be firms and societies which are held directly or indirectly but ultimately to the extent of at least 60% by NRIs and trusts in which at least 60% of the beneficial interest is similarly held irrevocably by such persons (OCBs.)  Non-Resident Indians residing in the Financial Action Task Force (FATF) Non-Compliant Countries and Territories (NCCTs)  “U.S. Person” under the U.S. Securities Act of 1933 and corporations or other entities organized under the laws of U.S.

 Residents of Canada or any Canadian jurisdiction under the applicable securities laws.

Mirae Asset Multi Factor Fund Page 61 of 73 The Fund reserves the right to include / exclude new / existing categories of investors to invest in the Scheme from time to time, subject to SEBI Regulations and other prevailing statutory regulations, if any.

Subject to the Regulations, any application for subscription of Units may be accepted or rejected if found incomplete or due to unavailability of underlying securities, etc. For example, the Trustee may reject any application for the Purchase of Units if the application is invalid or incomplete or if, in its opinion, increasing the size of any or all of the Scheme's Unit capital is not in the general interest of the Unit Holders, or if the Trustee for any other reason does not believe that it would be in the best interest of the Scheme or its Unit Holders to accept such an application.

The AMC / Trustee may need to obtain from the investor verification of identity or such other details relating to a subscription for Units as may be required under any applicable law, which may result in delay in processing the application.

How to apply and other details Application form and Key Information Memorandum may be obtained from Official Points of Acceptance (OPAs) / Investor SO-35 Service Centres (ISCs) of the AMC or RTA or Distributors or can be downloaded from our website www.miraeassetmf.co.in.

Investors intending to trade in Units of the Schemes, through SO-57 the exchange platform will be required to provide demat

(b) account details in the application form.

Registrar & Transfer Agent:

KFin Technologies Limited

Registered Office:

Karvy Selenium, Tower B, Plot Number 31 & 32, Financial District, Gachibowli, Hyderabad - 500 034.

Contact Persons:

Mr. Babu PV Tel No. : 040 3321 5237

Email Id : babu.pv@kfintech.com Mr. 'P M Parameswaran' Tel No. : 040 3321 5396

Email Id : parameswaran.p@kfintech.com

Website address: https://mfs.kfintech.com/mfs/

Branches:

Applications can be submitted at collecting bankers and Investor Service Centers of Mirae Asset Investment Managers Mirae Asset Multi Factor Fund Page 62 of 73(India) Pvt. Ltd and KFin Technologies Limited. Details of which are furnished on back cover page of this document.

Please refer the AMC website at the following link for the list of official points of acceptance, collecting banker details etc.:

https://uat.miraeassetmf.co.in/downloads/statutory- disclosure/other-disclosure

Website of the AMC:

Investor can also subscribe to the Units of the Scheme through the website of the AMC i.e.

https://www.miraeassetmf.co.in/investor-center/investor- services

Stock Exchanges:

SO-57 A Unit holder may purchase Units of the Scheme through the (a ) Stock Exchange infrastructure. Investors can hold units only in dematerialized form.

MF Utility (MFU):

A unitholder may purchase units of the Plan(s) under the Scheme through MFU.

All financial and non-financial transactions pertaining to Schemes of Mirae Asset Mutual Fund can also be submitted through MFU either electronically or physically through the authorized Points of Service (“POS”) of MFUI. The list of POS of MFUI is published on the website of MFUI at www.mfuindia.com and may be updated from time to time.

Investors to note that it is mandatory to mention the bank account numbers in the applications/requests for redemption.

Please refer to the SAI and application form for the instructions.

The policy regarding reissue of All units can be reissued without any limit by the Scheme. repurchased units, including the maximum extent, the manner of reissue, the entity (the scheme or the AMC) involved in the same.

Restrictions, if any, on the right to Right to Limit Redemptions of Units freely retain or dispose of units being The fund shall at its sole discretion reserves the right to offered. restrict Redemption (including switch-out) of the Units (including Plan/Option) of the scheme(s) of the fund on the occurrence of the below mentioned event for a period not exceeding ten (10) working days in any ninety (90) days period. The restriction on the Redemption (including switch- out) shall be applicable where the Redemption (including switch-out) request is for a value above Rs. 2,00,000/- (Rupees Two Lakhs). Further, no restriction shall be applicable for the Redemption/switch-out request upto Rs.

Mirae Asset Multi Factor Fund Page 63 of 732,00,000/- (Rupees Two Lakhs). Further, in case of redemption request beyond Rs. 2,00,000/- (Rupees Two Lakhs), no restriction shall be applicable for first Rs.

2,00,000/- (Rupees Two Lakhs).

The restriction on redemption of the units of the Schemes may be imposed when there are circumstances leading to a systemic crisis or event that severely constricts market liquidity or the efficient functioning of markets. A list of such

circumstances are as follows:  Liquidity issues: when market at large becomes illiquid affecting almost all securities rather than any issuer specific security.  Market failures, exchange closures - when markets are affected by unexpected events which impact the functioning of exchanges or the regular course of transactions. Such unexpected events could also be related to political, economic, military, monetary or other emergencies  Operational issues - when exceptional circumstances are caused by force majeure, unpredictable operational problems and technical failures (e.g. a black out).

 If so directed by SEBI Since the occurrence of the abovementioned eventualities have the ability to impact the overall market and liquidity situations, the same may result in exceptionally large number of Redemption being made and in such a situation the indicative timeline (i.e. within 3 to 4 Business Days for schemes other than liquid funds and within 1 Business Day for liquid funds) mentioned by the Fund in the scheme offering documents, for processing of request of Redemption may not be applicable.

Any restriction on Redemption or suspend Redemption of the Units in the scheme(s) of the Fund shall be made applicable only after prior approval of the Board of Directors of the AMC and Trustee Company and thereafter, immediately informing the same to SEBI. The AMC / Trustee reserves the right to change / modify the provisions of right to restrict Redemption and / or suspend Redemption of the Units in the Scheme of the Fund.

Right to Limit Subscription:

In the interest of the investors and in order to protect the portfolio from market volatility, the Trustees reserve the right to limit or discontinue subscriptions under the Scheme for a specified period of time or till further notice.

Cut off timing for subscriptions/ Cut-off time is the time before which the Investor’s redemptions/ switches Application Form(s) (complete in all respects) should reach Mirae Asset Multi Factor Fund Page 64 of 73This is the time before which your the Official Points of Acceptance to be entitled to the application (complete in all respects) Applicable NAV of that Business Day.

should reach the official points of acceptance. An application will be considered accepted on a Business Day, subject to it being complete in all respects and received and time stamped upto the relevant Cut-off time mentioned below, at any of the Official Points of Acceptance of transactions. Where an application is received and the time stamping is done after the relevant Cut-off time the request will be deemed to have been received on the next Business Day.

Cut off timing for subscriptions/purchases/switch- ins: i. In respect of valid applications received upto 3.00 p.m. at the Official Point(s) of Acceptance and where the funds for the entire amount of subscription / purchase/switch-ins as per the application are credited to the bank account of the Scheme before the cut-off time i.e. available for utilization before the cut-off time- the closing NAV of the day shall be applicable.

ii. In respect of valid applications received after 3.00 p.m. at the Official Point(s) of Acceptance and where the funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the Scheme before the cut-off time of the next Business Day i.e.

available for utilization before the cut-off time of the next Business Day - the closing NAV of the next Business Day shall be applicable. iii. Irrespective of the time of receipt of applications at the Official Point(s) of Acceptance, where the funds for the entire amount of subscription/purchase/ switch-ins as per the application are credited to the bank account of the Scheme before the cut-off time on any subsequent Business Day i.e. available for utilization before the cut- off time on any subsequent Business Day - the closing NAV of such subsequent Business Day shall be applicable.

For Redemption/ Repurchases/Switch out:  In respect of valid application accepted at an Official Points of Acceptance up to 3 p.m. on a Business Day by the Fund, the closing NAV of that day will be applicable.

 In respect of valid application accepted at an Official Point of Acceptance as listed in the SAI, after 3 p.m. on a Business Day by the Fund, the closing NAV of the next Business Day will be applicable

Minimum amount for Purchase: Rs. 5000/- and in multiples of Re. 1/- thereafter purchase/redemption/switches

Additional Purchase: Rs.1000/- and in multiples of Re.1/- thereafter.

Mirae Asset Multi Factor Fund Page 65 of 73Investments through SIP: Rs. 99/- and in multiples of Re.1/- thereafter

Redemption: The minimum redemption amount shall be ‘any amount’ or ‘any number of units’ as requested by the investor at the time of redemption request.

The Minimum Application and redemption amount mentioned above shall not be applicable to the mandatory investments made in the Scheme pursuant to the provisions of clause 6.10 of SEBI Master Circular dated June 27, 2024.

Accounts Statements The AMC shall send an allotment confirmation specifying the units allotted by way of email and/or SMS within 5 working days of receipt of valid application/transaction to the Unit holders registered e-mail address and/ or mobile number (whether units are held in demat mode or in account statement form).

A Consolidated Account Statement (CAS) detailing all the transactions across all mutual funds and holding at the end of the month shall be sent to the Unit holders in whose folio(s) transaction(s) have taken place during the month by email on or before 12th of the succeeding month who have opted for e- CAS and on or before 15th day of the succeeding month to investors who have opted for delivery via physical mode.

Half-yearly CAS shall be issued at the end of every six months (i.e. September/ March) on or before 18th day of succeeding month who have opted for e-CAS and on or before 21st day of the succeeding month to investors who have opted for delivery via physical mode, to all investors providing the prescribed details across all schemes of mutual funds and securities held in dematerialized form across demat accounts, if applicable For further details, refer SAI.

Dividend/ IDCW The payment of dividend/IDCW to the unitholders shall be made within seven working days from the record date.

Redemption The redemption or repurchase proceeds shall be dispatched to the unitholders within 3 working days from the date of redemption or repurchase.

For list of exceptional circumstances refer para 14.1.3 of SEBI Master Circular for Mutual Funds dated June 27, 2024.

Bank Mandate It is mandatory for every applicant to provide the name of the bank, branch, address, account type and number as per SEBI SO- 61 requirements and any Application Form without these details will be treated as incomplete. Such incomplete applications will be rejected. The Registrar / AMC may ask the investor to provide a blank cancelled cheque or its photocopy for the purpose of verifying the bank account number.

Mirae Asset Multi Factor Fund Page 66 of 73Delay in payment of redemption / The Asset Management Company shall be liable to pay interest repurchase proceeds/dividend to the unitholders at rate as specified vide clause 14.2 of SEBI Master Circular for Mutual Funds dated June 27, 2024 by SEBI for the period of such delay Unclaimed Redemption and Income As per the Clause 14.3 of SEBI Master Circular dated June Distribution cum Capital Withdrawal 27, 2024, the unclaimed Redemption and IDCW amounts shall Amount be deployed by the Fund in call money market or money market instruments or in a separate plan of Liquid scheme / Money Market Mutual Fund scheme floated by Mutual Funds SO-52 specifically for deployment of the unclaimed amounts. The investment management fee charged by the AMC for managing such unclaimed amounts shall not exceed 50 basis points. The AMCs shall not be permitted to charge any exit load in this plan.

Provided that such schemes where the unclaimed redemption and IDCW amounts are deployed shall be only those Overnight scheme/ Liquid scheme / Money Market Mutual Fund schemes which are placed in A-1 cell (Relatively Low Interest Rate Risk and Relatively Low Credit Risk) of Potential Risk Class matrix as per Clause 17.5 of SEBI Master

Circular dated June 27, 2024.

The investors who claim these amounts during a period of three years from the due date shall be paid at the prevailing NAV. After a period of three years, this amount can be transferred to a pool account and the investors can claim the said amounts at the NAV prevailing at the end of the third year.

In terms of the circular, the onus is on the AMC to make a continuous effort to remind investors through letters to take their unclaimed amounts.

As per SEBI Letter dated January 22, 2025, unclaimed redemption and dividend amounts are to be transferred by the Asset Management Company (AMC) to the Unclaimed Dividend and Redemption Scheme (UDRS) after a period of 90 days and no later than 105 days from the date of issuance of the instruments. The AMC shall maintain separate schemes or plans for unclaimed IDCW and redemption amounts pending for less than three years and for more than three years.

Upon completion of the initial three-year period, such units shall be transferred to UDRS within 10 business days of the subsequent month. Furthermore, income accrued on these unclaimed amounts beyond three years will be transferred on a monthly basis (on or before the 10th calendar day of the following month) to the Investor Education and Protection Fund as specified by SEBI.

The website of Mirae Asset Mutual Fund also provides information on the process of claiming the unclaimed amount and the necessary forms / documents required for the same.

Mirae Asset Multi Factor Fund Page 67 of 73The details of such unclaimed amounts are also disclosed in the annual report sent to the Unit Holders.

Important Note: All applicants must provide a bank name, bank account number, branch address, and account type in the Application Form.

Disclosure w.r.t investment by minors  Payment for investment by any mode shall be accepted from the bank account of the minor, parent or legal guardian of SO-37 the minor, or from a joint account of the minor with parent or legal guardian.

 Irrespective of the source of payment for subscription, all redemption proceeds shall be credited only in the verified account of the minor i.e. the account the minor may hold with the parent/ legal guardian after completing all KYC formalities.

 The AMC will send an intimation to Unit holders advising the minor (on attaining majority) to submit an application form along with prescribed documents to change the status of the account from ‘minor’ to ‘major’.

 All transactions / standing instructions / systematic transactions etc. will be suspended i.e. the Folio will be frozen for operation by the guardian from the date of beneficiary child completing 18 years of age, till the status of the minor is changed to major. Upon the minor attaining the status of major, the minor in whose name the investment was made, shall be required to provide all the KYC details, updated bank account details including cancelled original cheque leaf of the new bank account.

 No investments (lumpsum/ switch in etc.) in the scheme would be allowed once the minor attains majority i.e. 18 years of age.

Please refer SAI for details on Transmission of Units.

Investments in Scheme by AMC, Subject to the Regulations, the AMC and investment Sponsor & Associates companies managed by the Sponsor(s), their associate companies and subsidiaries may invest either directly or indirectly, in the Scheme during the NFO and/or on ongoing basis. However, the AMC shall not charge any investment management fee on such investment in the Scheme, in accordance with sub-regulation 3 of Regulation 24 of the Regulations and shall charge fees on such amounts in future only if the SEBI Regulations so permit. The associates, the Sponsor, subsidiaries of the Sponsor and/or the AMC may acquire a substantial portion of the Scheme’s units and collectively constitute a major investment in the Schemes. The AMC reserves the right to invest its own funds in the Scheme as may be decided by the AMC from time to time and required by applicable regulations and also in accordance with Clause

6.11 of SEBI Master Circular dated June 27, 2024 regarding minimum number of investors in the Scheme.

Mirae Asset Multi Factor Fund Page 68 of 73In terms of SEBI notification dated August 5, 2021 and as per Regulation 25, sub-regulation 16A of SEBI (Mutual Funds) Regulations, the asset management company shall invest such amounts in such schemes of the mutual fund, based on the risks associated with the schemes, as may be specified by SEBI from time to time III. Other Details A. Periodic Disclosures

Half yearly Disclosures: Financial Results The AMC/Mutual Fund shall within one month from the close of each half year, that is on March 31st and on September 30th, host a soft copy of its unaudited financial results on their website

https://www.miraeassetmf.co.in/downloads/statutory-disclosure/financials. The half-yearly unaudited financial results shall contain details as specified in Twelfth Schedule of the SEBI (Mutual Funds) Regulations, 1996 and such other details as are necessary for the purpose of providing a true and fair view of the operations of Mirae Asset Mutual Fund.

The AMC/Mutual Fund shall publish an advertisement disclosing the hosting of unaudited financial results on their website www.miraeassetmf.co.in in at least one English daily newspaper having nationwide circulation and in a newspaper having wide circulation published in the language of the region where the Head Office of the Mutual Fund is situated.

The mutual fund shall publish an advertisement in the all India edition of at least two daily newspapers, one each in English and Hindi, disclosing the hosting of the half-yearly statement of the Scheme portfolio on its website and on the website of Association of Mutual Funds in India (AMFI). The AMC will provide a physical copy of the statement of its Scheme portfolio, without charging any cost, on specific request received from a unitholder.

Annual Report Pursuant to Regulation 56 of SEBI (Mutual Funds) Regulations, 1996 read with Clause 5.4 of SEBI Master Circular dated June 27, 2024, the scheme wise annual report or abridged summary thereof will be hosted on the website of the Mirae Asset Mutual Fund viz.

https://www.miraeassetmf.co.in/downloads/statutory-disclosure/financials and on the website of AMFI, not later than four months after the close of each financial year (31st March). The AMCs shall display the link prominently on the website of the Mirae Asset Mutual Fund viz.

https://miraeassetmf.co.in and make the physical copies available to the unitholders, at their registered offices at all times. Unit holders whose e-mail addresses are not registered will have to specifically ‘opt in’ to receive physical copy of scheme wise annual report or abridged summary thereof. The unit holders may request for a physical copy of scheme annual reports at a price and the text of the relevant scheme by writing to the Mirae Asset Investment Managers (India) Pvt Ltd. / Investor Service Centre / Registrar & Transfer Agents. The Mutual Fund / AMC shall provide a physical copy of abridged report of the annual report, without charging any cost, on specific request received from a unit holder.

An advertisement shall be published every year disclosing the hosting of the scheme wise annual report on website of Mirae Asset Mutual Fund and on the website of AMFI and the modes such as SMS, telephone, email or written request (letter) through which a unitholder can submit a request for a physical or electronic copy of the scheme wise annual report or abridged summary thereof. Such advertisement shall be published in the all India edition of at least two daily newspapers, one each in English and Hindi.

Mirae Asset Multi Factor Fund Page 69 of 73Monthly/Half Yearly Portfolio Disclosures:

The Mutual Fund/ AMC will disclose portfolio (along with ISIN) of the Scheme in the prescribed format, as on the last day of the month / half-year i.e. March 31 and September 30, on its website viz.

https://www.miraeassetmf.co.in/downloads/portfolio and on the website of Association of Mutual Funds in India (AMFI) viz. www.amfiindia.com within 10 days from the close of each month/ half year respectively. In case of unitholders whose e-mail addresses are registered, the Mutual Fund/ AMC will send via email both the monthly and half yearly statement of scheme portfolio within 10 days from the close of each month/ half year respectively. Mutual Fund / AMC will publish an advertisement every half year in the all India edition of at least two daily newspapers, one each in English and Hindi, disclosing the hosting of the half-yearly statement of the Scheme portfolio on its website and on the website of Association of Mutual Funds in India (AMFI). Mutual Fund / AMC will provide a physical copy of the statement of its Scheme portfolio, without charging any cost, on specific request received from a unitholder.

Monthly Average Asset under Management (Monthly AAUM) Disclosure The Mutual Fund shall disclose the Monthly AAUM under different categories Schemes as specified by SEBI in the prescribed format on a monthly basis on its website viz.

https://www.miraeassetmf.co.in/downloads/statutory-disclosure/other-disclosure and forward to AMFI within 7 working days from the end of the month.

Scheme Summary Document The AMC has provided on its website a standalone scheme document for all the Schemes which SO-38 contains all the details of the Scheme viz. Scheme features, Fund Manager details, investment details, investment objective, expense ratios, portfolio details, etc. Scheme summary document is uploaded on the websites of AMC viz. https://www.miraeassetmf.co.in/downloads/statutory-disclosure/other- disclosure, AMFI and stock exchanges in 3 data formats i.e. PDF, Spreadsheet and a machine readable format (either JSON or XML). The document shall be updated by the AMCs on a monthly basis or on changes in any of the specified fields, whichever is earlier.

Product Labeling and Risk-o-meter:

The Risk-o-meter shall have following six levels of risk:

1. Low Risk

2. Low to Moderate Risk

3. Moderate Risk

4. Moderately High Risk

5. High Risk and

6. Very High Risk The evaluation of risk levels of a scheme shall be done in accordance with clause 17.4 of SEBI Master

Circular dated June 27, 2024.

Any change in risk-o-meter shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders. The risk-o-meter shall be evaluated on a monthly basis and the risk- o-meter along with portfolio disclosure shall be disclosed on the AMC website viz.

https://www.miraeassetmf.co.in/downloads/portfolio as well as AMFI website within 10 days from the close of each month.

Mirae Asset Multi Factor Fund Page 70 of 73The AMC shall disclose the risk level of schemes as on March 31 of every year, along with number of times the risk level has changed over the year, on its website viz.

https://www.miraeassetmf.co.in/downloads/statutory-disclosure/other-disclosure and AMFI website.

Further, in accordance with clause 5.16 of SEBI Master Circular dated June 27, 2024, the AMC shall

disclose: a. risk-o-meter of the scheme wherever the performance of the scheme is disclosed; b. risk-o-meter of the scheme and benchmark wherever the performance of the scheme vis-à-vis that of the benchmark is disclosed.

c. scheme risk-o-meter, name of benchmark and risk-o-meter of benchmark while disclosing portfolio of the scheme.

SO-41 B. Transparency/NAV Disclosure NAVs will be disclosed at the close of each business day. NAV of the Units of the Scheme (including options there under) calculated in the manner provided in this SID or as may be prescribed by the Regulations from time to time.

The NAV will be computed upto 3 decimal places.

In accordance with clause 8.1 of SEBI Master Circular dated June 27, 2024, the NAV of the scheme shall be uploaded on the websites of the AMC (miraeassetmf.co.in) and Association of Mutual Funds in India (www.amfiindia.com) by 11.00 p.m. on every business day. In case of any delay, the reasons for such delay would be explained to AMFI and SEBI by the next day. If the NAVs are not available before commencement of business hours on the following day due to any reason, the Fund shall issue a press release providing reasons and explaining when the Fund would be able to publish the NAVs.

C. Transaction charges and stamp duty- Pursuant to SEBI Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/115 dated August 08, 2025, No transaction charges shall be deducted from the subscription amount for transactions /applications received through the distributors (i.e. in Regular Plan) and full subscription amount will be invested in the Scheme.

Applicability of Stamp Duty:

Pursuant to Notification No. S. O. 1226 (E) and G.S.R 226(E) dated March 30, 2020 issued by Department of Revenue, Ministry of Finance, Government of India, read with Part I of Chapter IV of

Notification dated February 21, 2019 issued by Legislative Department, Ministry of Law and Justice, Government of India on the Finance Act, 2019, a stamp duty @ 0.005% of the transaction value shall be levied on applicable mutual fund transactions.

Accordingly, pursuant to levy of stamp duty, the number of units allotted on purchase transactions (including dividend reinvestment) to the unitholders would be reduced to that extent For details refer in Statement of Additional Information (SAI).

D. Associate Transactions Please refer to Statement of Additional Information (SAI) E. Taxation Mirae Asset Multi Factor Fund Page 71 of 73For details on taxation please refer to the clause on Taxation in the SAI apart from the following:

Rates of tax and tax deducted at source (TDS) under the Act for Capital Gains from transfer of

units of Equity Oriented Fund:

Income Tax Rates TDS Rates Resident/ Type of PIO/ NRI/ Condition NRI/OCBs/ FII & Capital Gain Other non FII Resident others FII non- residents Sale upto STT has 22nd July, 15% 15% Nil 15% been paid 2024 on Sale on or redemption after 23rd 20% 20% Nil 20% July, 2024 Short Term 30% for Non- Capital resident other than Gain Normal corporates, 40% (redemption rate of tax Upto 22nd (till 31 March before applicable 30% Nil July, 2024 2024)/ 35% (from completing to the 1 April 2024) for one year of Other assessee non-residents holding) cases corporates Normal 30% for Non- 23rd July, rate of tax resident other than 2024 applicable 30% Nil corporates, 35% onwards to the for non-residents assessee corporates Upto 22nd STT has 10%# 10%# Nil 10% Long Term July, 2024 been paid Capital 23rd July, on Gain 2024 12.5%# 12.5%# Nil 12.5% redemption (redemption onwards after Upto 22nd 10%* 10%* Nil 10% completing July, 2024 Other one year of 23rd July, cases holding) 2024 12.5%* 12.5%* Nil 12.5% onwards

PIO: Person of Indian origin

NRI: Non-resident Indian

FII: Foreign Institutional investor

OCB: Overseas Corporate Body # Under section 112A of the Act, where long term capital gain exceeds Rs. 1,25,000/- tax is payable @ 10% upto 22nd July, 2024 and 12.5% from 23rd July, 2024 onwards plus applicable surcharge and cess (without indexation benefit).

*without indexation benefit Mirae Asset Multi Factor Fund Page 72 of 73F. Rights of Unitholders Please refer to SAI for details.

G. List of official points of acceptance

https://www.miraeassetmf.co.in/downloads/statutory-disclosure/other-disclosure/offer-documents- data H. Penalties, Pending Litigation or Proceedings, Findings of Inspections or Investigations For SO-48 Which Action May Have Been Taken Or Is In The Process Of Being Taken By Any Regulatory Authority

https://www.miraeassetmf.co.in/downloads/statutory-disclosure/other-disclosure/offer-documents-data Notwithstanding anything contained in this SID, the provisions of the SEBI (Mutual Funds), SO-63 Regulations, 1996 and the guidelines thereunder shall be applicable.

THE TERMS OF THE SCHEME WERE APPROVED BY THE DIRECTORS OF MIRAE ASSET TRUSTEE COMPANY PRIVATE LIMITED VIA CIRCULAR RESOLUTION DATED DECEMBER 24, 2025.

For and on behalf of the Board of Directors of Mirae Asset Investment Managers (India) Private Limited (Asset Management Company for Mirae Asset Mutual Fund) Sd/- Rimmi Jain Head- Compliance, Legal & Company Secretary

Place: Mumbai

Date: XX/XX/XXXX Mirae Asset Multi Factor Fund Page 73 of 73