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Best Mirae Mutual Fund Schemes 2024
Mirae Mutual Fund is one of the fastest growing AMCs in India. The fund house provides funds under 3 major categories – equity, thematic and fixed Income. The funds they offer have shown a stable performance over the last few years.
Investors who wish to attain long-term Investment plan can prefer Investing in Equity Funds. But an investor should have a high-tolerance level to invest in equities. Investors with an average risk can ideally invest in Fixed Income and earn optimal returns over the time. Following are the best Mirae Asset Mutual Fund schemes to invest for 2024. These funds have been shortlisted by undertaking certain parameters like AUM, NAV, past performances, peer average returns, etc.
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Why Invest in Mirae Mutual Fund?
The investment options that the AMC offers is diversified across alternative and traditional asset classes
The global team of Mirae Asset fund house consists of more than 165 investment professionals who follow a thorough on-the-ground research of strategically important markets
The AMC provides investors with astute financial strategies and attractive returns on their investments
The fund house is one of Asia’s largest fund managers and it manages assets worth $126.5 billion worldwide
Best Mutual Funds by Mirae Asset Management Company
Fund NAV Net Assets (Cr) Min Investment Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Mirae Asset India Equity Fund Growth ₹96.292
↓ -0.42 ₹37,676 5,000 1,000 0.2 9.6 22.8 14.2 13.2 18.4 Mirae Asset Great Consumer Fund Growth ₹80.215
↑ 0.37 ₹3,138 5,000 1,000 1.5 12.6 38.2 21.4 17.9 32.9 Mirae Asset Cash Management Fund Growth ₹2,519.68
↑ 0.51 ₹12,303 5,000 1,000 1.9 3.7 7.3 5.5 5.2 7 Mirae Asset Savings Fund Growth ₹2,068.36
↑ 0.23 ₹463 5,000 1,000 1.8 3.6 6.9 5 5.2 6.6 Mirae Asset Emerging Bluechip Fund Growth ₹131.262
↓ -0.11 ₹33,711 5,000 0 3.1 15.7 38.7 18.9 19.5 29.3 Mirae Asset Tax Saver Fund Growth ₹41.741
↓ -0.03 ₹21,302 500 500 2.9 16.1 35.1 18.3 18.5 27 Mirae Asset Hybrid Equity Fund Growth ₹27.798
↓ -0.05 ₹8,414 5,000 1,000 2 11.2 24.5 14.2 13.2 19 Mirae Asset Dynamic Bond Fund Growth ₹14.7699
↓ -0.01 ₹193 5,000 1,000 1.6 3.4 5.7 3.9 6 5.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Apr 24
(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 The investment objective of the scheme is to generate long term capital appreciation by investing in a portfolio of companies/funds that are likely to benefit either directly or indirectly from consumption led demand in India. The Scheme does not guarantee or assure any returns Mirae Asset Great Consumer Fund is a Equity - Sectoral fund was launched on 29 Mar 11. It is a fund with High risk and has given a Below is the key information for Mirae Asset Great Consumer Fund Returns up to 1 year are on The investment objective of the scheme
is to generate consistent returns with a
high level of liquidity in a judicious
portfolio mix comprising of money
market and debt instruments. The
Scheme does not guarantee any
returns. Mirae Asset Cash Management Fund is a Debt - Liquid Fund fund was launched on 12 Jan 09. It is a fund with Low risk and has given a Below is the key information for Mirae Asset Cash Management Fund Returns up to 1 year are on The investment objective of the scheme is to seek to generate returns with low volatility and higher liquidity through a portfolio of debt and money market instruments. The scheme does not guarantee any returns. Mirae Asset Savings Fund is a Debt - Low Duration fund was launched on 5 Mar 08. It is a fund with Moderately Low risk and has given a Below is the key information for Mirae Asset Savings 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 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 (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 The objective of the Scheme is to generate optimal returns through active management of a portfolio of debt and money market instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns. Mirae Asset Dynamic Bond Fund is a Debt - Dynamic Bond fund was launched on 24 Mar 17. It is a fund with Moderate risk and has given a Below is the key information for Mirae Asset Dynamic Bond Fund Returns up to 1 year are on 1. Mirae Asset India Equity Fund
CAGR/Annualized return of 15.2% since its launch. Ranked 19 in Multi Cap category. Return for 2023 was 18.4% , 2022 was 1.6% and 2021 was 27.7% . Mirae Asset India Equity Fund
Growth Launch Date 4 Apr 08 NAV (16 Apr 24) ₹96.292 ↓ -0.42 (-0.44 %) Net Assets (Cr) ₹37,676 on 29 Feb 24 Category Equity - Multi Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.21 Sharpe Ratio 1.62 Information Ratio -0.93 Alpha Ratio -3.39 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 19 ₹10,000 31 Mar 20 ₹7,590 31 Mar 21 ₹12,802 31 Mar 22 ₹15,130 31 Mar 23 ₹14,981 31 Mar 24 ₹18,847 Returns for Mirae Asset India Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 1.5% 3 Month 0.2% 6 Month 9.6% 1 Year 22.8% 3 Year 14.2% 5 Year 13.2% 10 Year 15 Year Since launch 15.2% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 52.9% Fund Manager information for Mirae Asset India Equity Fund
Name Since Tenure Gaurav Khandelwal 18 Oct 21 2.45 Yr. Gaurav Misra 31 Jan 19 5.17 Yr. Data below for Mirae Asset India Equity Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 36.96% Technology 13.52% Consumer Cyclical 9.12% Energy 8.22% Basic Materials 7.3% Industrials 7.28% Consumer Defensive 6.92% Health Care 4.89% Communication Services 3.92% Utility 1.6% Asset Allocation
Asset Class Value Cash 0.26% Equity 99.73% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹3,441 Cr 24,520,325
↑ 1,929,218 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹3,304 Cr 31,396,210
↓ -871,516 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE8% ₹3,096 Cr 10,597,345
↓ -131,788 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY7% ₹2,774 Cr 16,569,788
↓ -1,174,509 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322155% ₹1,853 Cr 17,236,125
↓ -161,388 State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN5% ₹1,850 Cr 24,724,303
↑ 2,987,861 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL4% ₹1,476 Cr 13,139,664
↓ -553,490 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT4% ₹1,344 Cr 3,863,708 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK3% ₹1,286 Cr 7,609,708 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC2% ₹901 Cr 22,171,326
↑ 3,215,256 2. Mirae Asset Great Consumer Fund
CAGR/Annualized return of 17.3% since its launch. Ranked 7 in Sectoral category. Return for 2023 was 32.9% , 2022 was 7.2% and 2021 was 33% . Mirae Asset Great Consumer Fund
Growth Launch Date 29 Mar 11 NAV (16 Apr 24) ₹80.215 ↑ 0.37 (0.46 %) Net Assets (Cr) ₹3,138 on 29 Feb 24 Category Equity - Sectoral AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆☆☆ Risk High Expense Ratio 1.85 Sharpe Ratio 2.51 Information Ratio 0.21 Alpha Ratio 1.89 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 19 ₹10,000 31 Mar 20 ₹8,023 31 Mar 21 ₹12,820 31 Mar 22 ₹15,333 31 Mar 23 ₹16,326 31 Mar 24 ₹22,637 Returns for Mirae Asset Great Consumer Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 5% 3 Month 1.5% 6 Month 12.6% 1 Year 38.2% 3 Year 21.4% 5 Year 17.9% 10 Year 15 Year Since launch 17.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 32.9% 2022 7.2% 2021 33% 2020 11.2% 2019 8.6% 2018 1.9% 2017 51% 2016 2% 2015 3.8% 2014 42.7% Fund Manager information for Mirae Asset Great Consumer Fund
Name Since Tenure Ankit Jain 5 Oct 16 7.49 Yr. Siddhant Chhabria 21 Jun 21 2.78 Yr. Data below for Mirae Asset Great Consumer Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Consumer Cyclical 41.18% Consumer Defensive 26.58% Industrials 10.96% Financial Services 7.01% Communication Services 6.19% Basic Materials 5.29% Health Care 2.12% Asset Allocation
Asset Class Value Cash 0.67% Equity 99.33% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL6% ₹194 Cr 1,730,000 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC6% ₹183 Cr 4,500,000 Titan Co Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | TITAN4% ₹140 Cr 387,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Sep 15 | HINDUNILVR4% ₹139 Cr 575,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | MARUTI4% ₹117 Cr 104,000 Ceat Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | CEATLTD4% ₹114 Cr 400,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 May 23 | 5002513% ₹109 Cr 280,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | M&M3% ₹100 Cr 520,000
↓ -55,000 United Spirits Ltd (Consumer Defensive)
Equity, Since 30 Nov 20 | MCDOWELL-N3% ₹99 Cr 850,000 Dabur India Ltd (Consumer Defensive)
Equity, Since 31 Aug 15 | 5000963% ₹91 Cr 1,700,000
↑ 135,000 3. Mirae Asset Cash Management Fund
CAGR/Annualized return of 6.2% since its launch. Ranked 48 in Liquid Fund category. Return for 2023 was 7% , 2022 was 4.8% and 2021 was 3.3% . Mirae Asset Cash Management Fund
Growth Launch Date 12 Jan 09 NAV (16 Apr 24) ₹2,519.68 ↑ 0.51 (0.02 %) Net Assets (Cr) ₹12,303 on 29 Feb 24 Category Debt - Liquid Fund AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆ Risk Low Expense Ratio 0.19 Sharpe Ratio 1.1 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 7.34% Effective Maturity 1 Month 7 Days Modified Duration 1 Month 6 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,614 31 Mar 21 ₹10,993 31 Mar 22 ₹11,364 31 Mar 23 ₹12,007 31 Mar 24 ₹12,872 Returns for Mirae Asset Cash Management Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 0.7% 3 Month 1.9% 6 Month 3.7% 1 Year 7.3% 3 Year 5.5% 5 Year 5.2% 10 Year 15 Year Since launch 6.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 7% 2022 4.8% 2021 3.3% 2020 4.2% 2019 6.6% 2018 7.3% 2017 6.6% 2016 7.2% 2015 7.8% 2014 8.7% Fund Manager information for Mirae Asset Cash Management Fund
Name Since Tenure Abhishek Iyer 28 Dec 20 3.26 Yr. Data below for Mirae Asset Cash Management Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 99.8% Other 0.2% Debt Sector Allocation
Sector Value Cash Equivalent 64.24% Corporate 23.68% Government 11.88% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Net Receivables / (Payables)
CBLO | -4% -₹420 Cr India (Republic of)
- | -3% ₹346 Cr 35,000,000
↑ 5,000,000 State Bank Of India
Certificate of Deposit | -3% ₹291 Cr 29,500,000
↑ 29,500,000 National Bank For Agriculture And Rural Development
Commercial Paper | -3% ₹275 Cr 27,500,000 Canara Bank
Domestic Bonds | -3% ₹272 Cr 27,500,000 Grasim Industries Ltd.
Commercial Paper | -2% ₹250 Cr 25,000,000 Small Industries Development Bank Of India
Certificate of Deposit | -2% ₹249 Cr 25,000,000
↓ -20,000,000 91 DTB 21032024
Sovereign Bonds | -2% ₹225 Cr 22,500,000 HDFC Bank Limited
Commercial Paper | -2% ₹200 Cr 20,000,000 Aditya Birla Fashion & Retail Ltd.
Commercial Paper | -2% ₹200 Cr 20,000,000 4. Mirae Asset Savings Fund
CAGR/Annualized return of 4.6% since its launch. Ranked 84 in Low Duration category. Return for 2023 was 6.6% , 2022 was 4% and 2021 was 3.1% . Mirae Asset Savings Fund
Growth Launch Date 5 Mar 08 NAV (16 Apr 24) ₹2,068.36 ↑ 0.23 (0.01 %) Net Assets (Cr) ₹463 on 29 Feb 24 Category Debt - Low Duration AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆ Risk Moderately Low Expense Ratio 0.75 Sharpe Ratio -0.59 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 8.01% Effective Maturity 11 Months 12 Days Modified Duration 10 Months 6 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,508 31 Mar 21 ₹11,112 31 Mar 22 ₹11,479 31 Mar 23 ₹12,021 31 Mar 24 ₹12,850 Returns for Mirae Asset Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 0.7% 3 Month 1.8% 6 Month 3.6% 1 Year 6.9% 3 Year 5% 5 Year 5.2% 10 Year 15 Year Since launch 4.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 6.6% 2022 4% 2021 3.1% 2020 6.7% 2019 5.8% 2018 6.6% 2017 5.8% 2016 6.9% 2015 7% 2014 8% Fund Manager information for Mirae Asset Savings Fund
Name Since Tenure Basant Bafna 1 Feb 24 0.16 Yr. Data below for Mirae Asset Savings Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 37.85% Debt 61.81% Other 0.34% Debt Sector Allocation
Sector Value Corporate 71.17% Government 15.97% Cash Equivalent 12.52% Credit Quality
Rating Value AA 12.96% AAA 87.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity Ongc Petro Additions Limited
Debentures | -3% ₹15 Cr 1,500,000 Bajaj Housing Finance Limited
Debentures | -3% ₹15 Cr 1,500,000 Embassy Office Parks Reit
Debentures | -3% ₹15 Cr 1,500,000 LIC Housing Finance Ltd
Debentures | -3% ₹15 Cr 1,500,000 Power Finance Corporation Limited
Debentures | -3% ₹12 Cr 1,250,000 8.25% Govt Stock 2033
Sovereign Bonds | -2% ₹10 Cr 1,000,000 07.89 GJ Sdl 2025
Sovereign Bonds | -2% ₹10 Cr 1,000,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹10 Cr 1,000,000 Indian Railway Finance Corporation Limited
Debentures | -2% ₹10 Cr 1,000,000 Motilal Oswal Finvest Limited
Debentures | -2% ₹10 Cr 1,000,000 5. Mirae Asset Emerging Bluechip Fund
CAGR/Annualized return of 20.6% since its launch. Return for 2023 was 29.3% , 2022 was -1.4% and 2021 was 39.1% . Mirae Asset Emerging Bluechip Fund
Growth Launch Date 9 Jul 10 NAV (16 Apr 24) ₹131.262 ↓ -0.11 (-0.09 %) Net Assets (Cr) ₹33,711 on 29 Feb 24 Category Equity - Large & Mid Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.34 Sharpe Ratio 2.52 Information Ratio -1.11 Alpha Ratio -2.83 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 19 ₹10,000 31 Mar 20 ₹7,922 31 Mar 21 ₹14,723 31 Mar 22 ₹17,826 31 Mar 23 ₹17,343 31 Mar 24 ₹24,158 Returns for Mirae Asset Emerging Bluechip Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 4.2% 3 Month 3.1% 6 Month 15.7% 1 Year 38.7% 3 Year 18.9% 5 Year 19.5% 10 Year 15 Year Since launch 20.6% Historical performance (Yearly) on absolute basis
Year Returns 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% 2014 84.6% Fund Manager information for Mirae Asset Emerging Bluechip Fund
Name Since Tenure Neelesh Surana 9 Jul 10 13.74 Yr. Ankit Jain 31 Jan 19 5.17 Yr. Data below for Mirae Asset Emerging Bluechip Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 29.97% Consumer Cyclical 13.41% Basic Materials 11.15% Industrials 10.73% Health Care 8.02% Technology 7.71% Utility 5.63% Consumer Defensive 4.26% Energy 3.76% Communication Services 3.21% Real Estate 1.49% Asset Allocation
Asset Class Value Cash 0.66% Equity 99.34% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 17 | HDFCBANK5% ₹1,823 Cr 12,988,958
↑ 155,876 State Bank of India (Financial Services)
Equity, Since 30 Apr 18 | SBIN4% ₹1,297 Cr 17,338,456
↓ -823,460 ICICI Bank Ltd (Financial Services)
Equity, Since 29 Feb 12 | ICICIBANK3% ₹1,010 Cr 9,602,532 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE3% ₹984 Cr 3,369,406
↓ -147,441 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT3% ₹961 Cr 2,762,583
↑ 82,607 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | 5322153% ₹917 Cr 8,532,768 NTPC Ltd (Utilities)
Equity, Since 31 Jul 21 | 5325552% ₹762 Cr 22,696,019
↓ -694,729 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK2% ₹755 Cr 4,468,666 Lupin Ltd (Healthcare)
Equity, Since 30 Jun 23 | 5002572% ₹696 Cr 4,295,402 Gujarat State Petronet Ltd (Utilities)
Equity, Since 31 Jan 19 | 5327022% ₹644 Cr 17,463,322
↓ -890,647 6. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 18.8% since its launch. Return for 2023 was 27% , 2022 was 0.1% and 2021 was 35.3% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (16 Apr 24) ₹41.741 ↓ -0.03 (-0.07 %) Net Assets (Cr) ₹21,302 on 29 Feb 24 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.19 Sharpe Ratio 2.28 Information Ratio -0.7 Alpha Ratio -2.74 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,769 31 Mar 21 ₹14,451 31 Mar 22 ₹17,380 31 Mar 23 ₹17,171 31 Mar 24 ₹23,203 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 4.2% 3 Month 2.9% 6 Month 16.1% 1 Year 35.1% 3 Year 18.3% 5 Year 18.5% 10 Year 15 Year Since launch 18.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 27% 2022 0.1% 2021 35.3% 2020 21.5% 2019 14.1% 2018 -2.3% 2017 47.9% 2016 14.8% 2015 2014 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 8.26 Yr. Data below for Mirae Asset Tax Saver Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 32.11% Consumer Cyclical 13.75% Industrials 11.23% Basic Materials 9.71% Technology 9.29% Health Care 7.19% Energy 4.81% Utility 4.5% Consumer Defensive 3.28% Communication Services 2.35% Real Estate 1.3% Asset Allocation
Asset Class Value Cash 0.49% Equity 99.51% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹1,711 Cr 12,194,903
↑ 700,000 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN5% ₹1,038 Cr 13,873,799
↓ -860,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK5% ₹987 Cr 9,381,912
↓ -687,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT4% ₹830 Cr 2,387,755
↑ 141,923 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE4% ₹799 Cr 2,733,104
↓ -272,500 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322154% ₹755 Cr 7,026,566 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | KOTAKBANK4% ₹752 Cr 4,448,201
↑ 125,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY3% ₹658 Cr 3,929,691 NTPC Ltd (Utilities)
Equity, Since 31 Jan 22 | 5325552% ₹530 Cr 15,801,689
↓ -2,825,000 HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH2% ₹467 Cr 2,804,076
↓ -496,553 7. Mirae Asset Hybrid Equity Fund
CAGR/Annualized return of 12.4% since its launch. Return for 2023 was 19% , 2022 was 2.4% and 2021 was 23.8% . Mirae Asset Hybrid Equity Fund
Growth Launch Date 29 Jul 15 NAV (16 Apr 24) ₹27.798 ↓ -0.05 (-0.19 %) Net Assets (Cr) ₹8,414 on 29 Feb 24 Category Hybrid - Hybrid Equity AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.54 Sharpe Ratio 2.23 Information Ratio -0.14 Alpha Ratio -0.72 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 19 ₹10,000 31 Mar 20 ₹8,368 31 Mar 21 ₹12,731 31 Mar 22 ₹14,759 31 Mar 23 ₹14,799 31 Mar 24 ₹18,723 Returns for Mirae Asset Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 2.2% 3 Month 2% 6 Month 11.2% 1 Year 24.5% 3 Year 14.2% 5 Year 13.2% 10 Year 15 Year Since launch 12.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 19% 2022 2.4% 2021 23.8% 2020 13.7% 2019 11.9% 2018 1.3% 2017 27.8% 2016 8.5% 2015 2014 Fund Manager information for Mirae Asset Hybrid Equity Fund
Name Since Tenure Mahendra Jajoo 8 Sep 16 7.56 Yr. Vrijesh Kasera 1 Apr 20 4 Yr. Harshad Borawake 1 Apr 20 4 Yr. Data below for Mirae Asset Hybrid Equity Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 7.31% Equity 72.82% Debt 19.87% Equity Sector Allocation
Sector Value Financial Services 23.47% Consumer Cyclical 9.71% Industrials 8.88% Technology 7.06% Basic Materials 5.12% Energy 4.97% Consumer Defensive 4.17% Utility 3.67% Health Care 3.49% Communication Services 1.82% Real Estate 0.44% Debt Sector Allocation
Sector Value Corporate 10.85% Government 9.15% Cash Equivalent 6.41% Securitized 0.78% Credit Quality
Rating Value AA 23.81% AAA 76.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK6% ₹467 Cr 3,325,779
↑ 15,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | ICICIBANK5% ₹401 Cr 3,814,452
↓ -400,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 15 | RELIANCE4% ₹367 Cr 1,256,356
↓ -57,000 State Bank of India (Financial Services)
Equity, Since 31 Jul 15 | SBIN4% ₹356 Cr 4,760,875 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹323 Cr 1,930,907 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | 5322153% ₹269 Cr 2,506,615 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 15 | LT3% ₹219 Cr 629,621 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325552% ₹209 Cr 6,236,000 7.18% Govt Stock 2033
Sovereign Bonds | -2% ₹165 Cr 16,400,000
↑ 12,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 15 | BHARTIARTL2% ₹154 Cr 1,366,573
↓ -75,000 8. Mirae Asset Dynamic Bond Fund
CAGR/Annualized return of 5.7% since its launch. Return for 2023 was 5.8% , 2022 was 1.4% and 2021 was 2.4% . Mirae Asset Dynamic Bond Fund
Growth Launch Date 24 Mar 17 NAV (16 Apr 24) ₹14.7699 ↓ -0.01 (-0.04 %) Net Assets (Cr) ₹193 on 29 Feb 24 Category Debt - Dynamic Bond AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderate Expense Ratio 0.4 Sharpe Ratio -0.2 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-182 Days (0.5%),182 Days and above(NIL) Yield to Maturity 7.51% Effective Maturity 2 Years 10 Months 13 Days Modified Duration 2 Years 5 Months 5 Days Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹11,436 31 Mar 21 ₹11,971 31 Mar 22 ₹12,406 31 Mar 23 ₹12,639 31 Mar 24 ₹13,421 Returns for Mirae Asset Dynamic Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Apr 24 Duration Returns 1 Month 0.4% 3 Month 1.6% 6 Month 3.4% 1 Year 5.7% 3 Year 3.9% 5 Year 6% 10 Year 15 Year Since launch 5.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 5.8% 2022 1.4% 2021 2.4% 2020 9.8% 2019 11.1% 2018 4.6% 2017 2016 2015 2014 Fund Manager information for Mirae Asset Dynamic Bond Fund
Name Since Tenure Amit Modani 16 Jan 23 1.21 Yr. Data below for Mirae Asset Dynamic Bond Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 3.83% Debt 95.89% Other 0.28% Debt Sector Allocation
Sector Value Government 77.99% Corporate 17.9% Cash Equivalent 3.83% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 07.76 MP Sdl 2027
Sovereign Bonds | -13% ₹25 Cr 2,500,000 07.39 MH Sdl 2026
Sovereign Bonds | -10% ₹20 Cr 2,000,000 Export Import Bank Of India
Debentures | -8% ₹15 Cr 1,500,000 Power Grid Corporation Of India Limited
Debentures | -8% ₹15 Cr 1,500,000 National Bank For Agriculture And Rural Development
Debentures | -8% ₹15 Cr 1,500,000 Power Finance Corporation Limited
Debentures | -8% ₹14 Cr 1,500,000 07.71 GJ Sdl 2027
Sovereign Bonds | -7% ₹14 Cr 1,400,000 07.86 KA Sdl 2027
Sovereign Bonds | -6% ₹12 Cr 1,200,000 Rural Electrification Corporation Limited
Debentures | -5% ₹10 Cr 1,000,000 Indian Railway Finance Corporation Limited
Debentures | -5% ₹10 Cr 1,000,000
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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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