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Mirae Mutual Fund
Mirae Mutual Fund is an asset management company that operates in India under the name of Mirae Assets Global Investments (India) Pvt Ltd. Mirae Asset Mutual Fund is present in the Indian mutual fund Industry since 2007. The company was established with an initial seed Capital of $50 million. Other than dealing with Mutual Funds, Mirae Mutual Funds also provide advisory services to its Hong Kong and Korean counterparts on India investments. In addition, Mirae Mutual Fund company indulges in a mix of domestic and international businesses to provide stable growth opportunities.
The various categories of mutual fund schemes that Mirae Mutual Funds offer include equity, fixed Income, thematic, hybrid, and tax saving.
| AMC | Mirae Mutual Fund |
|---|---|
| Date of Setup | November 30, 2007 |
| AUM | INR 19177.73 crore (Jun-30-2018) |
| CEO/MD | Mr. Swarup Mohanty |
| CIO | Mr. Neelesh Surana |
| Compliance Officer | Mr. Ritesh Patel |
| investor Service Officer | Mr. Girish Dhanani |
| Customer Care Number | 1800 2090 777 |
| Telephone | 022 – 67800300 |
| Website | www.miraeassetmf.co.in |
| customercare[AT]miraeasset.com |
Mirae Mutual Fund: About Mirae Asset Global Investments
Mirae Assets Global Investment Co. Ltd. was founded in the year 1997 at the backdrop of Asian Crisis. Headquartered in Seoul, South Korea, Mirae Assets Global Investments is Mirae Asset Financial Group’s asset management arm. It’s also Asia’s one of the leading independent financial services company. Mirae Asset Financial Group has two more subsidiaries, namely, Mirae Asset Daewoo and Mirae Asset Life Insurance. Mirae Asset Daewoo is into investment banking and brokerage services. On the other hand, Mirae Asset Life insurance is into the insurance business. Though Mirae Mutual Fund stepped into the Indian mutual fund industry in 2007, nevertheless, Mirae Asset Global Investments has been present in India as a Foreign Institutional Investor (FII) since 2004. The company has a dedicated team of asset managers who help their team to achieve their Financial goals.
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Best Mutual Funds Offered by Mirae AMC
Likewise, other Mutual Fund companies, Mirae Asset Mutual Fund also offers a variety of Mutual Fund schemes under various categories to cater the varied preferences of the individuals. So, let us have a look at the various categories of Mutual Fund offered by Mirae along with some of the best schemes in these categories.
Equity Funds
It is a mutual fund category whose fund amount is invested in equity and equity-related securities. Some of the categories of Equity Mutual Funds include Large cap funds, mid cap funds, and sectoral funds. The fund also offers tax savings funds or Equity Linked Savings Scheme (ELSS). These schemes have a lock-in period of three years. Mirae Mutual Fund offers a variety of equity schemes through which investors can choose the scheme as per their requirements. Some of the Best equity funds offered by Mirae are listed below.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Mirae Asset India Equity Fund Growth ₹101.57
↑ 1.65 ₹35,533 -3.1 -9.1 2.8 8.8 19.7 12.7 Mirae Asset Emerging Bluechip Fund Growth ₹131.39
↑ 2.61 ₹33,678 -5.7 -13.2 -2 10.4 23.9 15.6 Mirae Asset Tax Saver Fund Growth ₹43.046
↑ 0.83 ₹22,411 -4.8 -11.2 1 11.1 24.2 17.2 Mirae Asset Great Consumer Fund Growth ₹84.515
↑ 1.33 ₹3,643 -6.8 -16.1 3.8 15.2 23.2 17.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 11 Apr 25
Debt Funds
Commonly referred as Fixed Income funds, these schemes invest a predominant stake of their corpus in fixed income instruments. Individuals Investing in fixed income funds have a low-risk appetite. Liquid Funds, ultra-short-term debt funds, and long-term debt funds are some of the categories of fixed income funds. Some of the best Debt fund schemes offered by Mirae Asset Mutual Fund are tabulated as follows.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Mirae Asset Cash Management Fund Growth ₹2,700.92
↑ 0.45 ₹12,731 1.9 3.6 7.3 6.8 7.3 7.11% 1M 13D Mirae Asset Savings Fund Growth ₹2,225.65
↑ 1.58 ₹1,200 2.2 3.8 7.7 6.5 7.4 7.58% 9M 7D 10M 7D Mirae Asset Dynamic Bond Fund Growth ₹15.897
↑ 0.01 ₹119 2.3 3.6 7.6 5.7 7.1 7.19% 1Y 8M 26D 1Y 11M 26D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 11 Apr 25
Hybrid Fund
Hybrid Fund also known as Balanced Fund invest their corpus in both equity and debt funds. These schemes are suitable for people who are aiming for long-term capital growth along with regular income. Mirae Asset Prudence Fund is a hybrid category mutual fund scheme offered by Mirae Mutual Fund. The scheme invests 65-80% of its funds in equity and equity-related products while the remaining 20-35% in debt and money market instruments. The investment objective of this scheme is capital appreciation combined with regular income by investing in a combination of equity and debt instruments. This scheme too does not guarantee any specific returns.
The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns. Mirae Asset Tax Saver Fund is a Equity - ELSS fund was launched on 28 Dec 15. It is a fund with Moderately High risk and has given a Below is the key information for Mirae Asset Tax Saver Fund Returns up to 1 year are on The investment objective of the scheme is to generate income and capital appreciation from a portfolio primarily investing in Indian equities and equity related securities of large cap and mid cap companies at the time of investment. From time to time, the fund manager may also seek participation in other Indian equity and equity related securities to achieve optimal Portfolio construction. The Scheme does not guarantee or assure any returns. Mirae Asset Emerging Bluechip Fund is a Equity - Large & Mid Cap fund was launched on 9 Jul 10. It is a fund with Moderately High risk and has given a Below is the key information for Mirae Asset Emerging Bluechip Fund Returns up to 1 year are on (Erstwhile Mirae Asset Prudence Fund) The investment objective of the Scheme is to generate capital appreciation along with current income from a combined portfolio of predominantly investing in equity & equity related instruments and balance in debt and money market instruments.
The Scheme does not guarantee or assure any returns. Mirae Asset Hybrid Equity Fund is a Hybrid - Hybrid Equity fund was launched on 29 Jul 15. It is a fund with Moderately High risk and has given a Below is the key information for Mirae Asset Hybrid Equity Fund Returns up to 1 year are on (Erstwhile Mirae Asset India Opportunities Fund) The investment objective of the scheme is to generate long term capital appreciation by capitalizing on potential investment opportunities through predominantly investing in equities, equity related securities. Mirae Asset India Equity Fund is a Equity - Multi Cap fund was launched on 4 Apr 08. It is a fund with Moderately High risk and has given a Below is the key information for Mirae Asset India Equity Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Mirae Asset Hybrid Equity Fund Growth ₹29.383
↑ 0.45 ₹8,170 -1.9 -7.6 3.9 9.9 17.9 13.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 11 Apr 25 1. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 17% since its launch. Return for 2024 was 17.2% , 2023 was 27% and 2022 was 0.1% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (11 Apr 25) ₹43.046 ↑ 0.83 (1.97 %) Net Assets (Cr) ₹22,411 on 28 Feb 25 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.12 Sharpe Ratio -0.28 Information Ratio -0.27 Alpha Ratio 1.64 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹18,601 31 Mar 22 ₹22,371 31 Mar 23 ₹22,102 31 Mar 24 ₹29,866 31 Mar 25 ₹32,426 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 11 Apr 25 Duration Returns 1 Month 1.5% 3 Month -4.8% 6 Month -11.2% 1 Year 1% 3 Year 11.1% 5 Year 24.2% 10 Year 15 Year Since launch 17% Historical performance (Yearly) on absolute basis
Year Returns 2023 17.2% 2022 27% 2021 0.1% 2020 35.3% 2019 21.5% 2018 14.1% 2017 -2.3% 2016 47.9% 2015 14.8% 2014 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 9.26 Yr. Data below for Mirae Asset Tax Saver Fund as on 28 Feb 25
Equity Sector Allocation
Sector Value Financial Services 33.58% Consumer Cyclical 13.9% Industrials 12.44% Technology 8.82% Health Care 7.79% Basic Materials 7.58% Energy 4.27% Utility 3.76% Consumer Defensive 3.47% Communication Services 2.84% Real Estate 1.28% Asset Allocation
Asset Class Value Cash 0.27% Equity 99.73% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK9% ₹2,089 Cr 12,056,752
↑ 240,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322155% ₹1,188 Cr 11,701,566 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK4% ₹991 Cr 8,231,929 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN4% ₹922 Cr 13,387,402 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY4% ₹889 Cr 5,267,785
↓ -442,726 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT3% ₹693 Cr 2,191,526
↑ 175,002 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE3% ₹637 Cr 5,304,299 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS2% ₹486 Cr 1,395,374 ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC2% ₹483 Cr 12,221,311
↑ 2,362,286 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL2% ₹465 Cr 2,963,392 2. Mirae Asset Emerging Bluechip Fund
CAGR/Annualized return of 19.1% since its launch. Return for 2024 was 15.6% , 2023 was 29.3% and 2022 was -1.4% . Mirae Asset Emerging Bluechip Fund
Growth Launch Date 9 Jul 10 NAV (11 Apr 25) ₹131.39 ↑ 2.61 (2.02 %) Net Assets (Cr) ₹33,678 on 28 Feb 25 Category Equity - Large & Mid Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.25 Sharpe Ratio -0.52 Information Ratio -1.62 Alpha Ratio -3.43 Min Investment 5,000 Min SIP Investment 0 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹18,586 31 Mar 22 ₹22,503 31 Mar 23 ₹21,893 31 Mar 24 ₹30,497 31 Mar 25 ₹32,093 Returns for Mirae Asset Emerging Bluechip Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 11 Apr 25 Duration Returns 1 Month 1.6% 3 Month -5.7% 6 Month -13.2% 1 Year -2% 3 Year 10.4% 5 Year 23.9% 10 Year 15 Year Since launch 19.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 15.6% 2022 29.3% 2021 -1.4% 2020 39.1% 2019 22.4% 2018 14.7% 2017 -5.4% 2016 49% 2015 12.2% 2014 14.1% Fund Manager information for Mirae Asset Emerging Bluechip Fund
Name Since Tenure Neelesh Surana 9 Jul 10 14.74 Yr. Ankit Jain 31 Jan 19 6.17 Yr. Data below for Mirae Asset Emerging Bluechip Fund as on 28 Feb 25
Equity Sector Allocation
Sector Value Financial Services 29.18% Industrials 13.46% Consumer Cyclical 12.23% Health Care 10.7% Basic Materials 9.42% Technology 8.41% Utility 4.14% Communication Services 3.79% Consumer Defensive 3.29% Energy 3.23% Real Estate 1.79% Asset Allocation
Asset Class Value Cash 0.23% Equity 99.77% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 17 | HDFCBANK6% ₹1,900 Cr 10,965,569
↑ 1,060,100 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | 5322155% ₹1,558 Cr 15,341,720 State Bank of India (Financial Services)
Equity, Since 30 Apr 18 | SBIN3% ₹948 Cr 13,760,297
↓ -1,547,066 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT3% ₹886 Cr 2,799,929
↑ 312,459 ICICI Bank Ltd (Financial Services)
Equity, Since 29 Feb 12 | ICICIBANK2% ₹807 Cr 6,700,413 Infosys Ltd (Technology)
Equity, Since 31 Jan 18 | INFY2% ₹761 Cr 4,509,550 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE2% ₹620 Cr 5,164,508 Tata Power Co Ltd (Utilities)
Equity, Since 31 Jul 24 | 5004002% ₹620 Cr 18,268,310 Gland Pharma Ltd (Healthcare)
Equity, Since 30 Apr 22 | GLAND2% ₹573 Cr 3,687,292 One97 Communications Ltd (Technology)
Equity, Since 31 Dec 23 | 5433962% ₹566 Cr 7,912,875 3. Mirae Asset Hybrid Equity Fund
CAGR/Annualized return of 11.7% since its launch. Return for 2024 was 13.6% , 2023 was 19% and 2022 was 2.4% . Mirae Asset Hybrid Equity Fund
Growth Launch Date 29 Jul 15 NAV (11 Apr 25) ₹29.383 ↑ 0.45 (1.57 %) Net Assets (Cr) ₹8,170 on 28 Feb 25 Category Hybrid - Hybrid Equity AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.19 Sharpe Ratio -0.35 Information Ratio -0.3 Alpha Ratio -0.19 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹15,213 31 Mar 22 ₹17,637 31 Mar 23 ₹17,684 31 Mar 24 ₹22,374 31 Mar 25 ₹24,337 Returns for Mirae Asset Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 11 Apr 25 Duration Returns 1 Month 2% 3 Month -1.9% 6 Month -7.6% 1 Year 3.9% 3 Year 9.9% 5 Year 17.9% 10 Year 15 Year Since launch 11.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 13.6% 2022 19% 2021 2.4% 2020 23.8% 2019 13.7% 2018 11.9% 2017 1.3% 2016 27.8% 2015 8.5% 2014 Fund Manager information for Mirae Asset Hybrid Equity Fund
Name Since Tenure Mahendra Jajoo 8 Sep 16 8.56 Yr. Vrijesh Kasera 1 Apr 20 5 Yr. Harshad Borawake 1 Apr 20 5 Yr. Data below for Mirae Asset Hybrid Equity Fund as on 28 Feb 25
Asset Allocation
Asset Class Value Cash 2.05% Equity 77.41% Debt 20.54% Equity Sector Allocation
Sector Value Financial Services 24.93% Industrials 8.35% Technology 7.73% Consumer Cyclical 7.6% Health Care 6.24% Basic Materials 6.11% Energy 4.83% Utility 4.31% Consumer Defensive 3.24% Communication Services 3.07% Real Estate 0.99% Debt Sector Allocation
Sector Value Government 12.82% Corporate 7.72% Cash Equivalent 2.05% Credit Quality
Rating Value AA 8.27% AAA 91.73% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK7% ₹542 Cr 3,130,779 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | ICICIBANK4% ₹349 Cr 2,900,852 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹334 Cr 1,978,157 7.1% Govt Stock 2034
Sovereign Bonds | -3% ₹257 Cr 25,200,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 15 | RELIANCE3% ₹246 Cr 2,046,068 State Bank of India (Financial Services)
Equity, Since 31 Jul 15 | SBIN3% ₹243 Cr 3,528,375 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 15 | BHARTIARTL3% ₹231 Cr 1,472,573 6.79% Government Of India (07/10/2034)
Sovereign Bonds | -3% ₹214 Cr 21,325,000
↑ 500,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | 5322153% ₹213 Cr 2,097,277 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325552% ₹199 Cr 6,396,000
↑ 550,000 4. Mirae Asset India Equity Fund
CAGR/Annualized return of 14.6% since its launch. Ranked 19 in Multi Cap category. Return for 2024 was 12.7% , 2023 was 18.4% and 2022 was 1.6% . Mirae Asset India Equity Fund
Growth Launch Date 4 Apr 08 NAV (11 Apr 25) ₹101.57 ↑ 1.65 (1.65 %) Net Assets (Cr) ₹35,533 on 28 Feb 25 Category Equity - Multi Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.19 Sharpe Ratio -0.23 Information Ratio -0.48 Alpha Ratio 1.9 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 20 ₹10,000 31 Mar 21 ₹16,868 31 Mar 22 ₹19,935 31 Mar 23 ₹19,738 31 Mar 24 ₹24,832 31 Mar 25 ₹26,943 Returns for Mirae Asset India Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 11 Apr 25 Duration Returns 1 Month 1.6% 3 Month -3.1% 6 Month -9.1% 1 Year 2.8% 3 Year 8.8% 5 Year 19.7% 10 Year 15 Year Since launch 14.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 12.7% 2022 18.4% 2021 1.6% 2020 27.7% 2019 13.7% 2018 12.7% 2017 -0.6% 2016 38.6% 2015 8.1% 2014 4.3% Fund Manager information for Mirae Asset India Equity Fund
Name Since Tenure Gaurav Misra 31 Jan 19 6.08 Yr. Data below for Mirae Asset India Equity Fund as on 28 Feb 25
Equity Sector Allocation
Sector Value Financial Services 35.21% Technology 11.87% Consumer Cyclical 10.18% Industrials 8.85% Basic Materials 8.51% Consumer Defensive 7.21% Energy 5.33% Health Care 4.15% Communication Services 3.94% Utility 3.03% Real Estate 0.95% Asset Allocation
Asset Class Value Cash 0.71% Equity 99.29% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹3,715 Cr 21,443,565 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹2,621 Cr 21,763,754 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY6% ₹2,087 Cr 12,367,643
↓ -365,941 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE5% ₹1,709 Cr 14,242,518 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322154% ₹1,500 Cr 14,768,985 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL4% ₹1,398 Cr 8,906,173
↓ -80,357 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS4% ₹1,299 Cr 3,729,032
↑ 153,841 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT3% ₹1,220 Cr 3,856,728 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK3% ₹1,008 Cr 5,299,526
↓ -252,945 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹958 Cr 24,247,560
↑ 856,000
Mirae Mutual Fund Calculator
mutual fund calculator or sip calculator helps people to assess their present savings amount to attain their future objectives. To calculate this amount people need to enter certain input data that includes age, income level, current expenses, expected rate of returns, and other related factors. It is also known as SIP calculator. This calculator also helps individuals to understand how the SIP investment grows over time virtually.
Know Your Monthly SIP Amount
Mirae Mutual Fund Statement
You can get a statement of Account to your email ID registered from Mirae's website. You need to enter your Folio number for which you would like to receive the Statement of Account. This statement will have the last 5 transaction details under the folio. The Statement of Account will be sent to your Email ID registered with the AMC.
How to Invest in Mirae Mutual Fund?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
Corporate Address
Unit No. 606, 6th Floor, Windsor Bldg., Off CST Road, Santacruz (East), Mumbai – 400 098
Sponsors
Mirae Assets Global Investment Co. Limited, South Korea
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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