Mirae Asset Mutual Fund

Mirae Asset India Investments believe in the power of an investment. With over 20 years of experience in the asset management industry, Mirae Asset India Investments has accumulated assets worth USD 80 billion and is now one of Asia’s largest asset management companies. At Mirae Asset India Investments, their values are at the core of everything they do. They guide us as they work to create a stronger society and healthier ecosystem for generations to come.

Top 10 Mirae Asset Mutual Fund Schemes –

Fund Name
Category
Rating
Fund Size (in Cr)
1Y Returns
3Y Returns
5Y Returns
Mirae Asset Healthcare Fund Equity - 1,722 -6.2 31.5 -
Mirae Asset Midcap Fund Equity 4 8,498 4.8 28.2 -
Mirae Asset Emerging Bluechip Fund Equity 5 23,509 -2.9 21.8 15.8
Mirae Asset Tax Saver Fund Equity 5 13,148 -2 21 16.1
Mirae Asset Great Consumer Fund Equity 3 1,945 10.3 20.7 16.8
Mirae Asset Focused Fund Equity 5 8,992 -5.4 19.8 -
Mirae Asset Large Cap Fund Equity 4 33,746 -1.9 16 12.8
Mirae Asset Hybrid – Equity Fund Hybrid 4 7,052 0.3 15.4 12.6
Mirae Asset Equity Savings Fund Hybrid 5 582 2.8 12.6 -
Mirae Asset Short Term Fund Debt 3 448 3 5.8 -
Mirae Asset Dynamic Bond Fund Debt 3 242 1 5.4 6.6
Mirae Asset Savings Fund Debt 2 697 3.8 5.1 5.8
Mirae Asset Cash Management Fund Debt 4 5,127 4.1 4.1 5.3
Mirae Asset Nifty SDL Jun 2027 Index Fund Other - 523 - - -
Mirae Asset NYSE FANG+ ETF Fund Other - 801 -24.8 - -
Mirae Asset Hang Seng TECH ETF Fund Other - 65 - - -
Mirae Asset Global X Artificial Intelligence & Technology ETF FOF-Dir Growth Other - - - - -
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund Other - - - - -
Mirae Asset Arbitrage Fund Hybrid - 385 4.2 - -
Mirae Asset Banking and PSU Debt Fund Debt 3 107 2.3 - -
Mirae Asset Equity Allocator Fund Other - 369 -1 - -
Mirae Asset Balanced Advantage Fund Hybrid - 793 - - -
Mirae Asset Overnight Fund Debt 5 700 4 - -
Mirae Asset Nifty India Manufacturing ETF Fund Other - 44 - - -
Mirae Asset Ultra Short Duration Fund Debt 4 228 4.1 - -
Mirae Asset Nifty 100 ESG Sector Leaders Fund Other - 136 -5 - -
Mirae Asset Money Market Fund Debt - 60 4 - -
Mirae Asset Banking&Financial Services Fund Equity - 1,190 -0.2 - -
Mirae Asset S&P 500 Top 50 ETF Fund Other - 362 -7.5 - -
Mirae Asset Corporate Bond Fund Debt - 75 2.1 - -

Mirae Asset has been managing mutual funds in India since November 2005 and is one of the largest foreign fund houses operating in India. It was the first foreign company in India to receive approval from SEBI to offer mutual fund products to Indian investors. The objective of Mirae Asset Mutual Fund is to provide all investors with exceptional investment opportunities across different asset classes and market capitalisation segments to help them meet their financial goals.

We offer our clients a wide range of solutions: equity schemes that include large-cap, mid-cap and small-cap funds; fixed income schemes that include income, debt and liquid funds; hybrid schemes that include balanced funds; and exchange-traded funds (ETF) across categories such as gold ETFs and indices ETFs.

Mirae Asset Mutual Funds Online in India are a diversified financial services group in India with a presence across various asset classes and businesses such as Equity, Fixed Income, Alternative Investments, Wealth Management, Investment Banking, Institutional Broking, Asset Reconstruction and Credit Rating.

Mirae Asset Investment Managers (India) Pvt. Ltd. is the investment manager to Mirae Asset Mutual Fund. The product offerings include equity, debt and hybrid funds catering to investors with different risk appetites. We are growing our investor base by offering innovative products that meet our customers’ investment needs, supported by a robust distribution network across the country.

At Mirae Asset Mutual Funds online, they believe that the best way to serve their clients is to focus on what matters most to them. This is why they have built a firm that puts your needs first and foremost. This approach helps them deliver investment solutions tailored precisely to a client’s objectives, time horizon, and risk tolerance and provides the highest level of service possible.

Mirae Asset India Key Information

Mutual Fund Name Mirae Asset Mutual Fund
Founded on 20th November 2003
Assets Managed INR 100908.71 crore (Mar-31-2022)
Sponsor Name Mirae Asset Global Investments Co. Ltd
Trustee Company Mirae Asset Trustee Company Pvt. Ltd.
Chairman and Independent Director NA
Managing Director and Chief Executive Officer Mr Swarup Mohanty
Executive Director and Chief Information Officer Mr Neelesh Surana
Board of Directors Ms Malini Thadani

Mr Jun-Young Hong

Mr Yogesh Yashpal Chadha

Registered Office No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai – 400 098, Maharashtra, India

CIN: U65990MH2019PTC324625

Corporate Office Unit No. 606, 6th Floor, Windsor Bldg, Off, CST Road, Kalina, Santacruz(E, Mumbai, Maharashtra 400098, Maharashtra
Contact Information Tel: 022-67800300

Fax: 022-67253942,

website: https://www.miraeassetmf.co.in/

Registrar and Transfer Agent KFin Technologies Private Limited (Formerly known as Karvy Fintech Private Limited)

Selenium Tower B, Plot 31 & 32,

Financial District, Nanakramguda, Serilingampally Mandal,

Hyderabad – 500 032, Telangana.

Statutory Auditors Ms/ M P Chitale & CO (Registration no. MF/055/07/03)

Mirae Asset India – Top Fund Managers

Mr Ankit Jain

Mr Ankit Jain has served as the fund manager in the Mirae Asset company since 2015. His role and responsibility entail investment planning and funds research and analysis. He has completed seven years of work experience with the overall management of 9 mutual fund schemes in the fund house. At the AMC, his area of expertise includes systematic planning, investment, research, analysis and management of the fund. He has worked with Infosys and Equirus Securities.

Mr Gaurav Misra

Mr Gaurav Misra holds the elite position of the senior fund manager at Mirae Asset India AMC with extensive experience of over 23 years in the management of investments. He has also fulfilled his role as the Senior Portfolio Manager at ASK Investment Managers Limited. His immense knowledge of the financial world has helped him fulfil his role and responsibilities.

Mr Vrijesh Kasera

Mr Vrijesh Kasera’s professional experience of over ten years has helped propel and facilitate his investment research and analysis career. Before joining the Mirae Asset India AMC, he successfully served at Edelweiss Broking Ltd and Axis Capital as their equity research analyst. He has great knowledge about investment planning and strategic research decisions. Currently, he manages about six mutual funds at the fund house.

Mr Neelesh Surana

Mr Neelesh Surana is among the senior fund managers at Mirae Asset India with extensive experience of over 24 years. His expertise in portfolio management has further enhanced his function of various domestic and offshore funds of the fund house. Before joining Mirae Asset India AMC, he worked at ASK Investment Managers Pvt Ltd. He has successfully fulfilled his role and responsibility for supervising and overseeing approximately five mutual fund schemes.

Mr Swarup Mohanty

Mr Mohanty is a man with a passion for people and a keen eye for business. He is the CEO of Mirae Asset Global Investments (India) Pvt. Ltd. In this position, he oversees the firm’s overall operations, including sales and distribution, fund management, research, investor relationship management, and so on.

He has over eighteen years of experience working in the financial services industry. Before joining Mirae Asset, he was employed with Religare AMC as National Head of Sales. Before that, he served as Head of Fixed Deposits at Tata Finance Limited. He joined Mirae Asset in 2011 as Head of Sales.

Mr Mahendra Kumar Jajoo

Mr Mahendra Kumar Jajoo, CA, CFA, is the Head of Fixed Income at Mirae Asset Global Investments (India) Pvt. Ltd. Mr Jajoo has been in the industry for the last 25 years and has worked with top Fixed Income players such as ABN AMRO, TAML, Prameria AMC, and MJ Investment Services. Mr Jajoo has more than 15 years of experience in the Fixed Income segment.

He has been a part of the company since its inception in 2006. Mr Jajoo is also a CA and CFA by qualification. He has managed 21 schemes with a net AuM of Rs. 6113 Crore. His approach to investing is bottom-up, mainly focusing on identifying opportunities across various asset classes and sectors. He believes the key to success is focusing on a stock’s intrinsic value and the company’s underlying strength.

Mr Krishna Kanhaiya

Mr Krishna Kanhaiya is one of the key decision-makers in the AMC, Mirae Asset Global Investments India Pvt. Ltd., and has been instrumental in shaping its growth trajectory. During his tenure with the AMC, Mr Kanhaiya has also served as the Head of Risk Management. He has been pivotal in designing and implementing several in-house risk management systems for the AMC.

He works closely with the Fund Manager, investment advisors, and Compliance team to ensure that the AMC achieves its goals. As a Mutual Fund CEO, Mr Kanhaiya is an avid reader and art and craft enthusiast. He believes in reading newspaper headlines to keep abreast with the latest in the business world.

How Can You Invest in Mirae Asset Fund?

If you want to invest in Mirae Asset Mutual Funds, the process is extremely convenient on the 5Paisa platform. 5Paisa is one of the nation’s largest investing platforms. You can easily add Mirae Asset and other mutual funds to your portfolio. The steps to invest in Mirae Asset Mutual Fund online is as follows:

  • Step 1: Log in to your 5Paisa Account. Suppose you do not have one. Register and create a new 5Paisa account in 3 easy steps. Alternatively, you can download the 5Paisa app on your smartphone for Android or IOS and log in from your device.
  • Step 2: Search for the Mirae Asset Mutual Fund scheme that you want to invest in
  • Step 3: Select the option that is apt for your requirement and risk appetite
  • Step 4: Select the investment type – SIP (Systematic Investment Plan) or Lumpsum
  • Step 5: Input the amount that you’d like to invest and proceed with payment by clicking on the ‘Invest Now’ button

That’s it! This sums up the investment process. Once your payment is successful, you can see the Mirae Asset Mutual Fund reflected in your 5Paisa account in 3-4 working days. If you have selected the SIP option, the chosen amount will get deducted every month starting from the date you have made the payment.

Mirae Asset Funds Performance and Minimum Investment

Here is a quick look at the top 10 Mirae Asset mutual fund investment options that have  provided high returns to investors:

Mirae Asset Nifty SDL Jun 2027 Index Fund

Investing in this scheme is to follow the Nifty SDL Jun 2027 Index. This will be done by investing in State Development Loans (SDL) that mature on or before 15th June 2027.

By investing in a target maturity fund, you can get exposure to the fund at a lower cost. There is little to no credit risk as the fund only invests in SDL securities. Another benefit is that there is no lock-in period with Fixed Maturity Plans (FMPs). Additionally, this investment avenue is more tax efficient than traditional investment avenues.

  • Category: Index Fund
  • Scheme Type: Debt
  • NAV 8771 as on 30/07/2022
  • Month-end AUM: INR 393.97 Crores
  • Inception Date: 30th March 2022
  • Benchmark: Nifty 50
  • Fund Manager: Mahendra Jajoo
  • SIP (Minimum Amount): INR 1000/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount (Lump-sum): INR. 5000/- and any amount after that
1-week Absolute Returns 1-month Absolute Returns 3-month Absolute Returns
0.50% 1.38% 0.60%

 

Mirae Asset Nifty 100 ESG Sector Leaders ETF

This investment aims to make money while considering environmental, social, and governance issues. We want to do this by investing in the companies that are leading the way when it comes to these important issues.

The Mirae Asset Nifty 100 ESG Sector Leaders ETF is designed to track the Nifty100 ESG Sector Leaders Index by investing in stocks that proportionately match the index’s weights. The fund will be managed passively, with no active stock picking.

  • Category: Index Fund
  • Scheme Type: Equity
  • NAV 28.88 as on 30/07/2022
  • Month-end AUM: INR 151.67 Crores
  • Inception Date: 18th November 2020
  • Fund Manager: Ekta Gala
  • Benchmark: Nifty 50
  • SIP (Minimum Amount): INR 100/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR 5,000/- and any amount after that
1-week Annualized Returns 1-month Annualized Returns 1-year Annualized Returns
4.10% 6.60% 4.76%

 

Mirae Asset Great Consumer Fund – Direct Plan-Growth

The fund has most of its investment in domestic equities, with the majority in Large Cap stocks. Mid Cap stocks make up 15.75%, and Small Cap stocks are 8.82%. Suitable For: Investors who have knowledge of macro trends and are willing to take bets for returns compared to other Equity funds.

At the same time, these investors should also be ready for moderate to high losses in their investments even though the overall market is performing better.

  • Category: Sectoral
  • Scheme Type: Equity
  • NAV 64.419 as on 30/07/2022
  • Month-end AUM: INR 1649.14 Crores
  • Inception Date: 2nd January 2013
  • Fund Manager: Siddhant Chhabria, Ankit Jain
  • Benchmark: Nifty 50
  • SIP (Minimum Amount): INR 100/- SIP Frequency: Monthly
  • Minimum Investment Amount: INR 5,000/- and any amount after that
1-year Annualized Returns 3-year Annualized Returns 5-year Annualized Returns

Mirae Asset Hang Seng TECH ETF

Mirae Asset Consumption Fund is a very concentrated fund with a high percentage of investments in large-cap and small-cap companies. You will likely see better performance than the overall market if you invest in this fund.

  • Category: Index Funds
  • Scheme Type: Equity
  • NAV 14.563 as on 30/07/2022
  • Month-end AUM: INR 129.35 Crores
  • Inception Date: 7th December 2021
  • Fund Manager: Siddharth Srivastava
  • Benchmark: Nifty 50
  • SIP (Minimum Amount): INR 100/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR 5,000/- and any amount after that
1-week Absolute Returns 3-month Absolute Returns 3-month Absolute Returns
-6.53% -11.91% 0.66 %

Mirae Asset Healthcare Fund – Direct Plan-Growth

The fund’s domestic equity investments make up 99.68% of its total holdings. Of that, 45.4% is in Large Cap stocks, 20.31% is in Mid Cap stocks, and 8.23% is in Small Cap stocks. This fund may be suitable for investors who have advanced knowledge of macro trends and are willing to take selective bets for higher returns compared to other Equity funds.

However, these investors should also be prepared for the possibility of moderate to high losses in their investments, even when the overall market is performing better.

  • Category: Sectoral
  • Scheme Type: Equity
  • NAV 22.883 as on 30/07/2022
  • Month end AUM: `INR 1682.78 Crores
  • Inception Date: 2nd July 2018
  • Fund Manager: Vrijesh Kasera
  • Benchmark: S&P BSE Healthcare TRI
  • SIP (Minimum Amount): INR 100/
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR 5,000/- and any amount after that
1-year Annualized Returns 2-year Annualized Returns 3-year Annualized Returns
-4.39% 21.36% 30.95%

Mirae Asset Nifty Financial Services ETF

With this mutual fund, you have the chance to invest in a sector that is key to the economy’s overall growth. Financial Services include banks and other areas, such as Non-Banking Financial Companies, Insurance, and Capital Markets.

These areas don’t have a lot of investment currently but offer good growth potential. Therefore, this mutual fund is a relatively low-cost option for getting involved in the financial services sector.

  • Category: Index Fund
  • Scheme Type: Equity
  • NAV 17.54 as on 30/07/2022
  • Month-end AUM: INR 138.65 Crores
  • Inception Date: 2nd August 2021
  • Fund Manager: Ekta Gala
  • Benchmark: Nifty Financial Services TRI
  • SIP (Minimum Amount): INR 100/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR 100/- and any amount after that
1-week Absolute Returns 1-month Absolute Returns 3-month Absolute Returns
3.44% 13.21% 5.47%

Mirae Asset Cash Management Fund – Direct Plan-Growth

The fund’s 88.09% investment in debt gives investors the security they crave, with 17.58% in government securities and 70.46% in low-risk securities. This is an ideal short-term investment for those looking for higher returns than a typical savings account.

  • Category: Liquid Fund
  • Scheme Type: Debt
  • NAV 2278.4517 as on 30/07/2022
  • Month-end AUM: INR 3472.48 Crores
  • Inception Date: 6th January 2013
  • Fund Manager: Abhishek Iyer , Mahendra Jajoo
  • Benchmark: CRISIL 10-Year Gilt Index
  • SIP (Minimum Amount): INR 100/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR 5000/- and any amount after that
1-year Annualized Returns 3-year Annualized Returns 5-year Annualized Returns
3.78% 4.14% 5.38

Mirae Asset S&P 500 Top 50 ETF – Regular Plan-Growth

This investment seeks to generate returns compared to S%P 500 top 50 index funds to multiply your wealth over time. It is suitable for people looking for a wealth multiplier who can take risks.

  • Category: Index Fund
  • Scheme Type: Equity
  • NAV 27.341 as on 03/08/2022
  • Month-end AUM: INR 438.43 Crores
  • Inception Date: 21st September 2021
  • Fund Manager: Siddhartha Srivastava
  • Benchmark: Nifty 50
  • SIP (Minimum Amount): INR 100/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR 5,000/- and any amount after that
1-week Absolute Returns 1-month Absolute Returns 3-month Absolute Returns
3.18% 8.61% 3.53%

Mirae Asset Emerging Bluechip Fund – Growth

This investment instrument primarily focuses on the Indian equity market with a goal of capital appreciation over time. People should invest in this fund for a long duration to get attractive returns on their investment.

  • Category: Large & Mid Cap Fund
  • Scheme Type: Equity
  • NAV 95.68 as on 03/08/2022
  • Month-end AUM: INR 20663.71 Crores
  • Inception Date: 9th July 2010
  • Fund Manager: Neelesh Surana, Ankit Jain
  • Benchmark: Nifty 50
  • SIP (Minimum Amount): INR 1000/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR 5,000/- and any amount after that
1-year Annualised Returns 3-year Annualised Returns 5-year Annualised Returns
0.73% 23.66% 19.15%

Mirae Asset S&P 500 Top 50 ETF Fund of Fund – Direct Plan-Growth

This investment instrument primarily focuses on the S&P 500 top 50 ETFs to generate wealth over a long time horizon.

  • Category: Large & Mid Cap Fund
  • Scheme Type: Equity
  • NAV 9.826 as on 03/08/2022
  • Month-end AUM: INR 342.82 Crores
  • Inception Date: 20th September 2021
  • Fund Manager: Ekta Gala
  • Benchmark: Nifty 50
  • SIP (Minimum Amount): INR 100/-
  • SIP Frequency: Monthly
  • Minimum Investment Amount: INR 5,000/- and any amount after that
1-week Absolute Returns 1-month Absolute Returns 3-month Absolute Returns
1.44% 8.21% 0.05%

Frequently Asked Questions

When it comes to investing, there are a few things to keep in mind. First, you must decide how much money you will commit over the long term. Keep in mind that the more you invest, the more you stand to gain or lose. Once you have a better understanding of the risks involved, you can then start working towards your financial goals.

Depending on your option, the minimum amount for each Mirae Asset mutual fund may differ. If you plan to make a lump sum investment, you must create a SIP (Systematic Investment Plan). With a SIP, you can choose to start with a lower amount. The lowest amount required by the Mirae Asset Mutual Fund is INR 100. However, if you want to make a lump sum investment, you’ll need at least INR 5000.

Yes, you can easily increase the SIP amount at any time.

5Paisa’s commission-free investing service is simple. You set a target investment amount, and the service does the rest. This makes investing in various stocks and mutual funds easy without worrying about transaction fees. You get a personalized dashboard with all the features reachable through a single click.

5Paisa has an Invest app that allows you to invest in mutual fund shares. However, you don’t need a Demat account to start and enjoy the app’s many features, such as its ability to help you manage your portfolio, get fund profiles and track your investments.

You can stop any SIP from the Mirae Asset fund anytime from the app.

With Mirae Asset AMC, investors can consider multiple financial assets via diverse offerings and products such as Equity or debt Liquid Alternatives Portfolio Management Services (PMS) and Fixed-income Assets.

Yes, Mirae asset funds are one of the best funds you can get for long-term capital appreciation.

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