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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 (%) 2024 (%) Mirae Asset India Equity Fund Growth ₹99.128
↓ -0.51 ₹37,845 -11.6 -13.1 4.8 10.1 17 12.7 Mirae Asset Emerging Bluechip Fund Growth ₹128.018
↓ -0.89 ₹36,514 -15.3 -17.2 2.2 11.8 20.9 15.6 Mirae Asset Tax Saver Fund Growth ₹42.057
↓ -0.25 ₹24,007 -13.8 -14.8 5.6 12.8 21.5 17.2 Mirae Asset Great Consumer Fund Growth ₹80.291
↓ -0.29 ₹3,942 -14.4 -20.8 6.2 16.2 20 17.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Mar 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 (%) 2024 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Mirae Asset Cash Management Fund Growth ₹2,682.44
↑ 0.52 ₹13,882 1.7 3.5 7.2 6.6 7.3 7.23% 1M 6D 1M 7D Mirae Asset Savings Fund Growth ₹2,201.55
↑ 0.41 ₹1,393 1.6 3.4 7.2 6.2 7.4 7.58% 11M 5D 1Y 21D Mirae Asset Dynamic Bond Fund Growth ₹15.712
↑ 0.00 ₹118 1.5 3.1 6.8 5.1 7.1 7.18% 1Y 9M 18D 2Y 22D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Mar 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 (%) 2024 (%) Mirae Asset Hybrid Equity Fund Growth ₹28.635
↓ -0.11 ₹8,685 -9.4 -11 5.4 10.8 15.9 13.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Mar 25 1. Mirae Asset Tax Saver Fund
CAGR/Annualized
return of 16.9% 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 (13 Mar 25) ₹42.057 ↓ -0.25 (-0.58 %) Net Assets (Cr) ₹24,007 on 31 Jan 25 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.12 Sharpe Ratio 0.29 Information Ratio -0.54 Alpha Ratio 0.13 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹13,963 28 Feb 22 ₹16,436 28 Feb 23 ₹16,801 29 Feb 24 ₹22,733 28 Feb 25 ₹23,080 Returns for Mirae Asset Tax Saver Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 13 Mar 25 Duration Returns 1 Month -3.1% 3 Month -13.8% 6 Month -14.8% 1 Year 5.6% 3 Year 12.8% 5 Year 21.5% 10 Year 15 Year Since launch 16.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 17.2% 2023 27% 2022 0.1% 2021 35.3% 2020 21.5% 2019 14.1% 2018 -2.3% 2017 47.9% 2016 14.8% 2015 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 9.18 Yr. Data below for Mirae Asset Tax Saver Fund as on 31 Jan 25
Equity Sector Allocation
Sector Value Financial Services 33.38% Consumer Cyclical 14.39% Industrials 12.39% Technology 10.05% Basic Materials 7.59% Health Care 7.07% Energy 4.29% Utility 3.91% Communication Services 2.63% Consumer Defensive 2.39% Real Estate 0.85% Asset Allocation
Asset Class Value Cash 1.06% Equity 98.94% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹2,007 Cr 11,816,752 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322155% ₹1,154 Cr 11,701,566
↑ 605,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY4% ₹1,073 Cr 5,710,511 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN4% ₹1,035 Cr 13,387,402
↓ -452,397 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK4% ₹1,031 Cr 8,231,929 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT3% ₹719 Cr 2,016,524
↓ -112,131 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE3% ₹671 Cr 5,304,299 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS2% ₹574 Cr 1,395,374
↓ -293,847 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | KOTAKBANK2% ₹508 Cr 2,672,797
↓ -375,975 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL2% ₹482 Cr 2,963,392 2. Mirae Asset Emerging Bluechip Fund
CAGR/Annualized
return of 19% 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 (13 Mar 25) ₹128.018 ↓ -0.89 (-0.69 %) Net Assets (Cr) ₹36,514 on 31 Jan 25 Category Equity - Large & Mid Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.25 Sharpe Ratio 0.07 Information Ratio -1.78 Alpha Ratio -3.77 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 29 Feb 20 ₹10,000 28 Feb 21 ₹13,881 28 Feb 22 ₹16,590 28 Feb 23 ₹16,664 29 Feb 24 ₹23,215 28 Feb 25 ₹22,555 Returns for Mirae Asset Emerging Bluechip Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 13 Mar 25 Duration Returns 1 Month -3.3% 3 Month -15.3% 6 Month -17.2% 1 Year 2.2% 3 Year 11.8% 5 Year 20.9% 10 Year 15 Year Since launch 19% Historical performance (Yearly) on absolute basis
Year Returns 2024 15.6% 2023 29.3% 2022 -1.4% 2021 39.1% 2020 22.4% 2019 14.7% 2018 -5.4% 2017 49% 2016 12.2% 2015 14.1% Fund Manager information for Mirae Asset Emerging Bluechip Fund
Name Since Tenure Neelesh Surana 9 Jul 10 14.65 Yr. Ankit Jain 31 Jan 19 6.08 Yr. Data below for Mirae Asset Emerging Bluechip Fund as on 31 Jan 25
Equity Sector Allocation
Sector Value Financial Services 28.3% Industrials 13.67% Consumer Cyclical 12.53% Health Care 10.28% Basic Materials 9.46% Technology 9.15% Utility 4.3% Communication Services 3.85% Energy 3.38% Consumer Defensive 2.7% Real Estate 1.69% Asset Allocation
Asset Class Value Cash 0.69% Equity 99.31% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 17 | HDFCBANK5% ₹1,683 Cr 9,905,469
↓ -1,176,135 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | 5322154% ₹1,513 Cr 15,341,720
↑ 1,316,435 State Bank of India (Financial Services)
Equity, Since 30 Apr 18 | SBIN3% ₹1,183 Cr 15,307,363
↓ -387,865 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT2% ₹887 Cr 2,487,470
↓ -115,421 Infosys Ltd (Technology)
Equity, Since 31 Jan 18 | INFY2% ₹848 Cr 4,509,550 ICICI Bank Ltd (Financial Services)
Equity, Since 29 Feb 12 | ICICIBANK2% ₹839 Cr 6,700,413 Tata Power Co Ltd (Utilities)
Equity, Since 31 Jul 24 | 5004002% ₹666 Cr 18,268,310
↑ 633,061 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE2% ₹653 Cr 5,164,508 SRF Ltd (Industrials)
Equity, Since 31 Aug 23 | SRF2% ₹626 Cr 2,229,409 One97 Communications Ltd (Technology)
Equity, Since 31 Dec 23 | 5433962% ₹614 Cr 7,912,875
↑ 1,006,263 3. Mirae Asset Hybrid Equity Fund
CAGR/Annualized
return of 11.6% 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 (13 Mar 25) ₹28.635 ↓ -0.11 (-0.39 %) Net Assets (Cr) ₹8,685 on 31 Jan 25 Category Hybrid - Hybrid Equity AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.19 Sharpe Ratio 0.33 Information Ratio -0.39 Alpha Ratio -0.53 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 29 Feb 20 ₹10,000 28 Feb 21 ₹12,561 28 Feb 22 ₹14,242 28 Feb 23 ₹14,649 29 Feb 24 ₹18,506 28 Feb 25 ₹18,927 Returns for Mirae Asset Hybrid Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 13 Mar 25 Duration Returns 1 Month -2% 3 Month -9.4% 6 Month -11% 1 Year 5.4% 3 Year 10.8% 5 Year 15.9% 10 Year 15 Year Since launch 11.6% Historical performance (Yearly) on absolute basis
Year Returns 2024 13.6% 2023 19% 2022 2.4% 2021 23.8% 2020 13.7% 2019 11.9% 2018 1.3% 2017 27.8% 2016 8.5% 2015 Fund Manager information for Mirae Asset Hybrid Equity Fund
Name Since Tenure Mahendra Jajoo 8 Sep 16 8.48 Yr. Vrijesh Kasera 1 Apr 20 4.92 Yr. Harshad Borawake 1 Apr 20 4.92 Yr. Data below for Mirae Asset Hybrid Equity Fund as on 31 Jan 25
Asset Allocation
Asset Class Value Cash 2.1% Equity 76.37% Debt 21.52% Equity Sector Allocation
Sector Value Financial Services 24.22% Industrials 8.55% Technology 8.35% Consumer Cyclical 7.3% Health Care 6.01% Basic Materials 5.37% Energy 4.78% Consumer Defensive 3.93% Utility 3.57% Communication Services 3.14% Real Estate 1.16% Debt Sector Allocation
Sector Value Government 13.19% Corporate 7.53% Cash Equivalent 1.84% Securitized 1.06% Credit Quality
Rating Value AA 7.77% AAA 92.23% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK6% ₹532 Cr 3,130,779
↑ 250,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹372 Cr 1,978,157
↑ 47,250 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | ICICIBANK4% ₹363 Cr 2,900,852 State Bank of India (Financial Services)
Equity, Since 31 Jul 15 | SBIN3% ₹273 Cr 3,528,375
↑ 100,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 15 | RELIANCE3% ₹259 Cr 2,046,068 7.1% Govt Stock 2034
Sovereign Bonds | -3% ₹258 Cr 25,200,000
↓ -2,500,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 15 | BHARTIARTL3% ₹239 Cr 1,472,573
↑ 30,000 6.79% Govt Stock 2034
Sovereign Bonds | -2% ₹210 Cr 20,825,000
↑ 6,125,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | 5322152% ₹207 Cr 2,097,277 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 15 | TCS2% ₹197 Cr 478,353
↑ 45,000 4. Mirae Asset India Equity Fund
CAGR/Annualized
return of 14.5% 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 (13 Mar 25) ₹99.128 ↓ -0.51 (-0.51 %) Net Assets (Cr) ₹37,845 on 31 Jan 25 Category Equity - Multi Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.19 Sharpe Ratio 0.27 Information Ratio -0.7 Alpha Ratio -0.45 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 29 Feb 20 ₹10,000 28 Feb 21 ₹12,872 28 Feb 22 ₹14,769 28 Feb 23 ₹15,159 29 Feb 24 ₹18,840 28 Feb 25 ₹19,368 Returns for Mirae Asset India Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 13 Mar 25 Duration Returns 1 Month -3.3% 3 Month -11.6% 6 Month -13.1% 1 Year 4.8% 3 Year 10.1% 5 Year 17% 10 Year 15 Year Since launch 14.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 12.7% 2023 18.4% 2022 1.6% 2021 27.7% 2020 13.7% 2019 12.7% 2018 -0.6% 2017 38.6% 2016 8.1% 2015 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 31 Jan 25
Equity Sector Allocation
Sector Value Financial Services 34.36% Technology 12.81% Consumer Cyclical 9.86% Industrials 9.37% Basic Materials 8.48% Consumer Defensive 7.27% Energy 5.33% Health Care 4.01% Communication Services 3.86% Utility 3.14% Real Estate 0.92% Asset Allocation
Asset Class Value Cash 0.59% Equity 99.41% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹3,643 Cr 21,443,565 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹2,727 Cr 21,763,754
↓ -415,406 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY6% ₹2,394 Cr 12,733,584
↓ -183,240 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE5% ₹1,802 Cr 14,242,518 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS4% ₹1,470 Cr 3,575,191
↓ -142,639 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL4% ₹1,461 Cr 8,986,530
↓ -108,244 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322154% ₹1,456 Cr 14,768,985 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT4% ₹1,376 Cr 3,856,728
↓ -50,024 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK3% ₹1,056 Cr 5,552,471
↓ -699,662 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹1,047 Cr 23,391,560
↑ 2,842,994
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