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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 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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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.
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 ₹108.318
↓ -0.56 ₹39,555 -4.3 0.6 15.2 10.6 14.7 12.7 Mirae Asset Emerging Bluechip Fund Growth ₹145.926
↓ -0.77 ₹38,680 -4.5 -0.6 16.7 13.5 20.2 15.6 Mirae Asset Tax Saver Fund Growth ₹47.123
↓ -0.24 ₹25,315 -3.6 1.2 18.4 14 19.6 17.2 Mirae Asset Great Consumer Fund Growth ₹94.361
↑ 0.21 ₹4,156 -6.9 4.6 20.7 19.3 20.4 17.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 3 Jan 25
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 ₹2,648.8
↑ 0.49 ₹15,673 1.7 3.5 7.3 6.4 7.3 7% 1M 10D 1M 11D Mirae Asset Savings Fund Growth ₹2,174.85
↑ 0.43 ₹1,164 1.7 3.6 7.4 6 7.4 7.59% 10M 6D 11M 9D Mirae Asset Dynamic Bond Fund Growth ₹15.5202
↑ 0.00 ₹120 1.4 3.5 7.1 4.7 7.1 7.2% 1Y 10M 28D 2Y 2M 5D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Jan 25
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 ₹30.866
↓ -0.14 ₹9,054 -3.3 1.3 15.2 11.4 14.4 13.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 3 Jan 25 1. Mirae Asset Tax Saver Fund
CAGR/Annualized
return of 18.8% 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 (03 Jan 25) ₹47.123 ↓ -0.24 (-0.51 %) Net Assets (Cr) ₹25,315 on 30 Nov 24 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.12 Sharpe Ratio 1.48 Information Ratio -0.44 Alpha Ratio 0.78 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 19 ₹10,000 31 Dec 20 ₹12,154 31 Dec 21 ₹16,444 31 Dec 22 ₹16,468 31 Dec 23 ₹20,918 31 Dec 24 ₹24,522 Returns for Mirae Asset Tax Saver Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 3 Jan 25 Duration Returns 1 Month -1.9% 3 Month -3.6% 6 Month 1.2% 1 Year 18.4% 3 Year 14% 5 Year 19.6% 10 Year 15 Year Since launch 18.8% 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 8.93 Yr. Data below for Mirae Asset Tax Saver Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Financial Services 32.64% Consumer Cyclical 15.71% Industrials 11.54% Technology 10.84% Basic Materials 9.95% Health Care 6.31% Utility 3.8% Energy 3.53% Communication Services 2.72% Consumer Defensive 1.47% Real Estate 0.61% Asset Allocation
Asset Class Value Cash 0.89% Equity 99.11% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹2,042 Cr 11,762,091
↓ -250,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322155% ₹1,206 Cr 10,396,566
↓ -400,000 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN5% ₹1,135 Cr 13,839,799 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK4% ₹1,064 Cr 8,231,929
↓ -100,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY4% ₹1,003 Cr 5,710,511 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT4% ₹879 Cr 2,425,832
↑ 100,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS3% ₹670 Cr 1,689,221
↑ 247,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | KOTAKBANK3% ₹631 Cr 3,643,842
↑ 219,707 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE2% ₹491 Cr 3,686,176 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL2% ₹478 Cr 2,963,392 2. Mirae Asset Emerging Bluechip Fund
CAGR/Annualized
return of 20.3% 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 (03 Jan 25) ₹145.926 ↓ -0.77 (-0.52 %) Net Assets (Cr) ₹38,680 on 30 Nov 24 Category Equity - Large & Mid Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.25 Sharpe Ratio 1.3 Information Ratio -1.48 Alpha Ratio -2.29 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 Dec 19 ₹10,000 31 Dec 20 ₹12,240 31 Dec 21 ₹17,029 31 Dec 22 ₹16,783 31 Dec 23 ₹21,707 31 Dec 24 ₹25,085 Returns for Mirae Asset Emerging Bluechip Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 3 Jan 25 Duration Returns 1 Month -2% 3 Month -4.5% 6 Month -0.6% 1 Year 16.7% 3 Year 13.5% 5 Year 20.2% 10 Year 15 Year Since launch 20.3% 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 14.41 Yr. Ankit Jain 31 Jan 19 5.84 Yr. Data below for Mirae Asset Emerging Bluechip Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Financial Services 28.53% Consumer Cyclical 14.8% Industrials 12.83% Basic Materials 9.96% Technology 9.22% Health Care 8.52% Energy 4.34% Utility 4.32% Communication Services 4.15% Real Estate 1.32% Consumer Defensive 1.23% Asset Allocation
Asset Class Value Cash 0.79% Equity 99.21% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 17 | HDFCBANK5% ₹2,031 Cr 11,699,400
↓ -347,744 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | 5322154% ₹1,551 Cr 13,375,285
↓ -700,000 State Bank of India (Financial Services)
Equity, Since 30 Apr 18 | SBIN3% ₹1,324 Cr 16,144,076 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT3% ₹1,202 Cr 3,318,391
↑ 125,000 ICICI Bank Ltd (Financial Services)
Equity, Since 29 Feb 12 | ICICIBANK2% ₹866 Cr 6,700,413
↓ -1,275,151 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK2% ₹801 Cr 4,627,177
↑ 15,892 Infosys Ltd (Technology)
Equity, Since 31 Jan 18 | INFY2% ₹772 Cr 4,392,734 Tata Steel Ltd (Basic Materials)
Equity, Since 31 Dec 15 | TATASTEEL2% ₹715 Cr 48,100,806
↑ 1,251,328 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 19 | TCS2% ₹708 Cr 1,785,056
↑ 352,915 Wipro Ltd (Technology)
Equity, Since 31 Aug 23 | 5076852% ₹704 Cr 12,751,143 3. Mirae Asset Hybrid Equity Fund
CAGR/Annualized
return of 12.7% 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 (03 Jan 25) ₹30.866 ↓ -0.14 (-0.44 %) Net Assets (Cr) ₹9,054 on 30 Nov 24 Category Hybrid - Hybrid Equity AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.19 Sharpe Ratio 1.43 Information Ratio -0.05 Alpha Ratio 0.1 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 Dec 19 ₹10,000 31 Dec 20 ₹11,365 31 Dec 21 ₹14,067 31 Dec 22 ₹14,398 31 Dec 23 ₹17,140 31 Dec 24 ₹19,473 Returns for Mirae Asset Hybrid Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 3 Jan 25 Duration Returns 1 Month -1.5% 3 Month -3.3% 6 Month 1.3% 1 Year 15.2% 3 Year 11.4% 5 Year 14.4% 10 Year 15 Year Since launch 12.7% 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 8.23 Yr. Vrijesh Kasera 1 Apr 20 4.67 Yr. Harshad Borawake 1 Apr 20 4.67 Yr. Data below for Mirae Asset Hybrid Equity Fund as on 30 Nov 24
Asset Allocation
Asset Class Value Cash 3.49% Equity 75.63% Debt 20.89% Equity Sector Allocation
Sector Value Financial Services 23.14% Consumer Cyclical 8.7% Industrials 7.82% Technology 7.54% Health Care 5.92% Basic Materials 5.2% Energy 4.88% Utility 4.08% Communication Services 3.04% Consumer Defensive 2.75% Real Estate 2.55% Debt Sector Allocation
Sector Value Government 11.38% Corporate 8.74% Cash Equivalent 3.17% Securitized 1.09% Credit Quality
Rating Value AA 7.19% AAA 92.81% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK6% ₹517 Cr 2,980,779
↓ -80,000 7.1% Govt Stock 2034
Sovereign Bonds | -5% ₹411 Cr 40,400,000
↑ 21,700,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | ICICIBANK4% ₹375 Cr 2,900,852 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹339 Cr 1,930,907 State Bank of India (Financial Services)
Equity, Since 31 Jul 15 | SBIN3% ₹299 Cr 3,643,375 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 15 | RELIANCE3% ₹268 Cr 2,011,068
↓ -9,644 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹239 Cr 5,846,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 15 | BHARTIARTL3% ₹230 Cr 1,428,573 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | 5322152% ₹224 Cr 1,931,615
↑ 20,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 15 | LT2% ₹194 Cr 535,250 4. Mirae Asset India Equity Fund
CAGR/Annualized
return of 15.3% 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 (03 Jan 25) ₹108.318 ↓ -0.56 (-0.52 %) Net Assets (Cr) ₹39,555 on 30 Nov 24 Category Equity - Multi Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.19 Sharpe Ratio 1.14 Information Ratio -0.67 Alpha Ratio -1.37 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 Dec 19 ₹10,000 31 Dec 20 ₹11,370 31 Dec 21 ₹14,524 31 Dec 22 ₹14,756 31 Dec 23 ₹17,479 31 Dec 24 ₹19,696 Returns for Mirae Asset India Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 3 Jan 25 Duration Returns 1 Month -1.9% 3 Month -4.3% 6 Month 0.6% 1 Year 15.2% 3 Year 10.6% 5 Year 14.7% 10 Year 15 Year Since launch 15.3% 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 5.84 Yr. Data below for Mirae Asset India Equity Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Financial Services 36.07% Technology 13.2% Consumer Cyclical 10.28% Basic Materials 9.92% Industrials 7.85% Consumer Defensive 4.69% Energy 4.63% Health Care 4.45% Utility 3.88% Communication Services 3.75% Real Estate 0.9% Asset Allocation
Asset Class Value Cash 0.37% Equity 99.63% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹3,846 Cr 22,158,223
↓ -297,269 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹2,884 Cr 22,316,387
↓ -1,582,045 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY6% ₹2,315 Cr 13,173,999
↓ -799,662 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322154% ₹1,732 Cr 14,939,722
↓ -150,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT4% ₹1,610 Cr 4,445,529 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE4% ₹1,592 Cr 11,952,310
↓ -1,190,794 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL4% ₹1,474 Cr 9,143,581
↓ -697,035 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS4% ₹1,378 Cr 3,471,309
↑ 288,475 State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN3% ₹1,163 Cr 14,173,532
↓ -1,692,863 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK3% ₹1,131 Cr 6,532,266
↑ 112,384
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.
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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.
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Unit No. 606, 6th Floor, Windsor Bldg., Off CST Road, Santacruz (East), Mumbai – 400 098
Mirae Assets Global Investment Co. Limited, South Korea