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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 (%) 2018 (%) Mirae Asset India Equity Fund Growth ₹54.909
↑ 0.32 ₹16,873 6.9 10 15 14.5 10.9 12.7 Mirae Asset Emerging Bluechip Fund Growth ₹59.597
↑ 0.38 ₹9,516 10.3 15.9 20 16.4 15.5 14.7 Mirae Asset Tax Saver Fund Growth ₹19.539
↑ 0.12 ₹3,066 9.4 12.9 18.6 17.1 14.1 Mirae Asset Great Consumer Fund Growth ₹38.855
↑ 0.31 ₹961 6.2 19.9 15.4 18.5 12 8.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jan 20
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 (%) 2018 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Mirae Asset Cash Management Fund Growth ₹2,048.19
↑ 0.27 ₹3,546 1.3 2.8 6.4 6.8 6.6 5.71% 1M 17D 1M 18D Mirae Asset Savings Fund Growth ₹1,668.88
↑ 0.51 ₹609 1 2.8 5.6 6 5.8 6.31% 8M 1D 9M 26D Mirae Asset Dynamic Bond Fund Growth ₹12.0431
↑ 0.01 ₹47 1.4 2.4 11.4 11.1 5.48% 2Y 7M 13D 3Y 7M 17D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jan 20
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 (%) 2018 (%) Mirae Asset Hybrid Equity Fund Growth ₹15.842
↑ 0.07 ₹3,190 6.7 8.1 14 12.1 11.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jan 20 1. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 17.9% since its launch. Return for 2019 was 14.1% , 2018 was -2.3% and 2017 was 47.9% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (24 Jan 20) ₹19.539 ↑ 0.12 (0.63 %) Net Assets (Cr) ₹3,066 on 31 Dec 19 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 2.11 Sharpe Ratio 0.97 Information Ratio 1.26 Alpha Ratio 4.17 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹11,480 31 Dec 17 ₹16,977 31 Dec 18 ₹16,591 31 Dec 19 ₹18,925 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month 3.2% 3 Month 9.4% 6 Month 12.9% 1 Year 18.6% 3 Year 17.1% 5 Year 10 Year 15 Year Since launch 17.9% Historical performance (Yearly) on absolute basis
Year Returns 2018 14.1% 2017 -2.3% 2016 47.9% 2015 14.8% 2014 2013 2012 2011 2010 2009 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 3.93 Yr. Data below for Mirae Asset Tax Saver Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 37.36% Consumer Cyclical 11.22% Consumer Defensive 9.36% Industrials 8.14% Energy 7.85% Health Care 7.73% Technology 7.29% Basic Materials 5.02% Utility 3.94% Communication Services 1.31% Asset Allocation
Asset Class Value Cash 0.79% Equity 99.21% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK9% ₹270 Cr 2,115,085
↑ 63,752 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹185 Cr 3,604,412 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN5% ₹147 Cr 4,301,299 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE5% ₹146 Cr 939,876 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT4% ₹120 Cr 904,880
↑ 287,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY4% ₹114 Cr 1,633,557 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322154% ₹104 Cr 1,411,338 ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC4% ₹101 Cr 4,111,794 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS3% ₹96 Cr 467,179
↑ 40,000 IndusInd Bank Ltd (Financial Services)
Equity, Since 29 Feb 16 | INDUSINDBK3% ₹95 Cr 607,689 2. Mirae Asset Emerging Bluechip Fund
CAGR/Annualized return of 20.6% since its launch. Return for 2019 was 14.7% , 2018 was -5.4% and 2017 was 49% . Mirae Asset Emerging Bluechip Fund
Growth Launch Date 9 Jul 10 NAV (24 Jan 20) ₹59.597 ↑ 0.38 (0.64 %) Net Assets (Cr) ₹9,516 on 31 Dec 19 Category Equity - Large & Mid Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 2 Sharpe Ratio 0.9 Information Ratio 1.28 Alpha Ratio 8.08 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 14 ₹10,000 31 Dec 15 ₹11,408 31 Dec 16 ₹12,796 31 Dec 17 ₹19,067 31 Dec 18 ₹18,034 31 Dec 19 ₹20,688 Returns for Mirae Asset Emerging Bluechip Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month 4.2% 3 Month 10.3% 6 Month 15.9% 1 Year 20% 3 Year 16.4% 5 Year 15.5% 10 Year 15 Year Since launch 20.6% Historical performance (Yearly) on absolute basis
Year Returns 2018 14.7% 2017 -5.4% 2016 49% 2015 12.2% 2014 14.1% 2013 84.6% 2012 8.6% 2011 45.6% 2010 -15.2% 2009 Fund Manager information for Mirae Asset Emerging Bluechip Fund
Name Since Tenure Neelesh Surana 9 Jul 10 9.4 Yr. Ankit Jain 31 Jan 19 0.83 Yr. Data below for Mirae Asset Emerging Bluechip Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 33.18% Consumer Cyclical 12.28% Health Care 11.58% Basic Materials 8.17% Industrials 8.13% Consumer Defensive 8.07% Technology 7.33% Energy 6.22% Utility 3.74% Communication Services 0.85% Asset Allocation
Asset Class Value Cash 0.45% Equity 99.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 17 | HDFCBANK7% ₹654 Cr 5,128,681
↑ 234,912 ICICI Bank Ltd (Financial Services)
Equity, Since 29 Feb 12 | ICICIBANK6% ₹541 Cr 10,559,341
↓ -1,241,598 State Bank of India (Financial Services)
Equity, Since 30 Apr 18 | SBIN5% ₹442 Cr 12,915,277 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE4% ₹340 Cr 2,190,196 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT3% ₹300 Cr 2,256,882
↑ 696,300 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | 5322153% ₹298 Cr 4,029,016 IndusInd Bank Ltd (Financial Services)
Equity, Since 30 Jun 15 | INDUSINDBK3% ₹276 Cr 1,761,487 Voltas Ltd (Industrials)
Equity, Since 31 Dec 14 | VOLTAS3% ₹275 Cr 3,923,447
↑ 8,998 Infosys Ltd (Technology)
Equity, Since 31 Jan 18 | INFY3% ₹257 Cr 3,697,720
↑ 223,748 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5002713% ₹239 Cr 4,738,219 3. Mirae Asset Hybrid Equity Fund
CAGR/Annualized return of 10.8% since its launch. Return for 2019 was 11.9% , 2018 was 1.3% and 2017 was 27.8% . Mirae Asset Hybrid Equity Fund
Growth Launch Date 29 Jul 15 NAV (24 Jan 20) ₹15.842 ↑ 0.07 (0.43 %) Net Assets (Cr) ₹3,190 on 31 Dec 19 Category Hybrid - Hybrid Equity AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 2.13 Sharpe Ratio 0.99 Information Ratio 0.6 Alpha Ratio 0.63 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 15 ₹9,913 31 Dec 16 ₹10,758 31 Dec 17 ₹13,750 31 Dec 18 ₹13,926 31 Dec 19 ₹15,587 Returns for Mirae Asset Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month 1.3% 3 Month 6.7% 6 Month 8.1% 1 Year 14% 3 Year 12.1% 5 Year 10 Year 15 Year Since launch 10.8% Historical performance (Yearly) on absolute basis
Year Returns 2018 11.9% 2017 1.3% 2016 27.8% 2015 8.5% 2014 2013 2012 2011 2010 2009 Fund Manager information for Mirae Asset Hybrid Equity Fund
Name Since Tenure Mahendra Jajoo 8 Sep 16 3.31 Yr. Neelesh Surana 29 Jul 15 4.43 Yr. Data below for Mirae Asset Hybrid Equity Fund as on 31 Dec 19
Asset Allocation
Asset Class Value Cash 22.35% Equity 69.49% Debt 8.16% Equity Sector Allocation
Sector Value Financial Services 28.21% Energy 7.21% Technology 6.35% Consumer Cyclical 5.52% Consumer Defensive 5.38% Industrials 5.26% Health Care 5.21% Utility 2.73% Basic Materials 2.57% Communication Services 1.05% Debt Sector Allocation
Sector Value Cash Equivalent 14.61% Corporate 9.8% Government 6.1% Credit Quality
Rating Value AA 10.68% AAA 89.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tri Party Repo
CBLO/Reverse Repo | -14% ₹427 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK6% ₹193 Cr 1,512,578
↑ 15,980 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | ICICIBANK5% ₹156 Cr 3,040,432 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 15 | RELIANCE5% ₹138 Cr 889,455 State Bank of India (Financial Services)
Equity, Since 31 Jul 15 | SBIN5% ₹135 Cr 3,960,736 GOVT STOCK
Sovereign Bonds | -4% ₹125 Cr 12,500,000
↑ 10,000,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 15 | LT3% ₹98 Cr 738,279
↑ 79,700 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹87 Cr 1,254,407 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 15 | TCS3% ₹86 Cr 418,311
↑ 35,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | 5322153% ₹84 Cr 1,140,016 4. Mirae Asset India Equity Fund
CAGR/Annualized return of 15.5% since its launch. Ranked 19 in Multi Cap category. Return for 2019 was 12.7% , 2018 was -0.6% and 2017 was 38.6% . Mirae Asset India Equity Fund
Growth Launch Date 4 Apr 08 NAV (24 Jan 20) ₹54.909 ↑ 0.32 (0.59 %) Net Assets (Cr) ₹16,873 on 31 Dec 19 Category Equity - Multi Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio 0.84 Information Ratio 0.31 Alpha Ratio 1.02 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 14 ₹10,000 31 Dec 15 ₹10,425 31 Dec 16 ₹11,269 31 Dec 17 ₹15,616 31 Dec 18 ₹15,517 31 Dec 19 ₹17,491 Returns for Mirae Asset India Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month 1.3% 3 Month 6.9% 6 Month 10% 1 Year 15% 3 Year 14.5% 5 Year 10.9% 10 Year 15 Year Since launch 15.5% Historical performance (Yearly) on absolute basis
Year Returns 2018 12.7% 2017 -0.6% 2016 38.6% 2015 8.1% 2014 4.3% 2013 52.9% 2012 8.9% 2011 33.3% 2010 -19.6% 2009 23.1% Fund Manager information for Mirae Asset India Equity Fund
Name Since Tenure Neelesh Surana 10 Mar 08 11.65 Yr. Harshad Borawake 1 May 17 2.5 Yr. Gaurav Misra 31 Jan 19 0.75 Yr. Data below for Mirae Asset India Equity Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 37.93% Energy 10.28% Technology 8.95% Consumer Cyclical 8.63% Industrials 8% Consumer Defensive 7.93% Health Care 6.39% Basic Materials 3.35% Utility 2.26% Communication Services 1.52% Asset Allocation
Asset Class Value Cash 4.77% Equity 95.23% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹1,527 Cr 11,978,360
↑ 607,448 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹1,164 Cr 22,709,454 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE6% ₹1,014 Cr 6,535,191
↓ -270,514 State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN5% ₹830 Cr 24,281,723 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY5% ₹811 Cr 11,641,597
↑ 551,915 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322154% ₹714 Cr 9,665,638 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT4% ₹679 Cr 5,105,266
↑ 923,799 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC4% ₹644 Cr 26,118,817 Tri Party Repo
CBLO/Reverse Repo | -3% ₹523 Cr Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS3% ₹519 Cr 2,525,302
↑ 95,233
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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