Table of Contents
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 ₹112.135
↑ 1.09 ₹38,892 11.3 0.2 11.5 15 19.9 12.7 Mirae Asset Emerging Bluechip Fund Growth ₹148.644
↑ 1.75 ₹37,799 13.8 -1.6 8.4 18.3 24.4 15.6 Mirae Asset Tax Saver Fund Growth ₹48.415
↑ 0.55 ₹23,945 13.3 -0.7 11.6 18.7 24.5 17.2 Mirae Asset Great Consumer Fund Growth ₹91.268
↑ 0.68 ₹4,117 11.4 -3.3 6.2 20.8 23.4 17.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Jun 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 ₹2,728.35
↑ 1.54 ₹12,485 1.9 3.6 7.3 6.9 7.3 6.42% 1M 13D 1M 18D Mirae Asset Savings Fund Growth ₹2,258.69
↑ 4.90 ₹1,784 2.7 4.3 8.2 7 7.4 6.87% 11M 8D 1Y 20D Mirae Asset Dynamic Bond Fund Growth ₹16.2078
↑ 0.04 ₹119 3.3 4.7 8.7 7.2 7.1 6.56% 1Y 7M 13D 1Y 9M 22D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Jun 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 ₹31.971
↑ 0.25 ₹8,854 10.4 1.2 11 15.4 17.9 13.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Jun 25 1. Mirae Asset Tax Saver Fund
CAGR/Annualized
return of 18.2% 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 (06 Jun 25) ₹48.415 ↑ 0.55 (1.14 %) Net Assets (Cr) ₹23,945 on 31 Mar 25 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.12 Sharpe Ratio 0.17 Information Ratio -0.26 Alpha Ratio 2.05 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹17,983 31 May 22 ₹19,210 31 May 23 ₹21,319 31 May 24 ₹28,161 31 May 25 ₹31,266 Returns for Mirae Asset Tax Saver Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 6 Jun 25 Duration Returns 1 Month 5.7% 3 Month 13.3% 6 Month -0.7% 1 Year 11.6% 3 Year 18.7% 5 Year 24.5% 10 Year 15 Year Since launch 18.2% 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 9.43 Yr. Data below for Mirae Asset Tax Saver Fund as on 31 Mar 25
Equity Sector Allocation
Sector Value Financial Services 33.19% Consumer Cyclical 13.78% Industrials 10.07% Health Care 9.37% Technology 9.21% Basic Materials 7.45% Energy 4.66% Utility 3.84% Consumer Defensive 3.6% Communication Services 2.38% Real Estate 1.53% Asset Allocation
Asset Class Value Cash 0.93% Equity 99.07% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK9% ₹2,321 Cr 12,056,752 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322155% ₹1,346 Cr 11,361,566
↓ -340,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK5% ₹1,175 Cr 8,231,929 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN4% ₹966 Cr 12,244,323 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY4% ₹879 Cr 5,857,785
↑ 590,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE3% ₹847 Cr 6,029,299
↑ 725,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS3% ₹767 Cr 2,221,419
↑ 676,958 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT3% ₹732 Cr 2,191,526 ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC2% ₹558 Cr 13,096,311 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Aug 23 | M&M2% ₹443 Cr 1,513,079 2. Mirae Asset Emerging Bluechip Fund
CAGR/Annualized
return of 19.8% 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 (06 Jun 25) ₹148.644 ↑ 1.75 (1.19 %) Net Assets (Cr) ₹37,799 on 30 Apr 25 Category Equity - Large & Mid Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.25 Sharpe Ratio -0.06 Information Ratio -1.38 Alpha Ratio -2.15 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 May 20 ₹10,000 31 May 21 ₹17,952 31 May 22 ₹19,215 31 May 23 ₹21,024 31 May 24 ₹28,652 31 May 25 ₹30,849 Returns for Mirae Asset Emerging Bluechip Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 6 Jun 25 Duration Returns 1 Month 7% 3 Month 13.8% 6 Month -1.6% 1 Year 8.4% 3 Year 18.3% 5 Year 24.4% 10 Year 15 Year Since launch 19.8% 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 14.9 Yr. Ankit Jain 31 Jan 19 6.33 Yr. Data below for Mirae Asset Emerging Bluechip Fund as on 30 Apr 25
Equity Sector Allocation
Sector Value Financial Services 28.96% Consumer Cyclical 13.42% Health Care 11.01% Industrials 10.72% Technology 9.24% Basic Materials 8.77% Utility 4.32% Communication Services 3.74% Energy 3.64% Consumer Defensive 3.13% Real Estate 2.19% Asset Allocation
Asset Class Value Cash 0.88% Equity 99.12% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 17 | HDFCBANK6% ₹2,150 Cr 11,166,841 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | 5322155% ₹1,818 Cr 15,341,720 State Bank of India (Financial Services)
Equity, Since 30 Apr 18 | SBIN3% ₹1,085 Cr 13,760,297 ICICI Bank Ltd (Financial Services)
Equity, Since 29 Feb 12 | ICICIBANK3% ₹1,038 Cr 7,274,514 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT2% ₹935 Cr 2,799,929 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE2% ₹881 Cr 6,269,508
↑ 975,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 18 | INFY2% ₹854 Cr 5,691,754
↑ 1,182,204 Tata Power Co Ltd (Utilities)
Equity, Since 31 Jul 24 | 5004002% ₹702 Cr 18,268,310 Lupin Ltd (Healthcare)
Equity, Since 30 Jun 23 | 5002572% ₹641 Cr 3,059,328
↑ 403,105 Tata Communications Ltd (Communication Services)
Equity, Since 31 Aug 22 | TATACOMM2% ₹615 Cr 3,862,521
↑ 466,769 3. Mirae Asset Hybrid Equity Fund
CAGR/Annualized
return of 12.5% 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 (06 Jun 25) ₹31.971 ↑ 0.25 (0.77 %) Net Assets (Cr) ₹8,854 on 30 Apr 25 Category Hybrid - Hybrid Equity AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.19 Sharpe Ratio 0.2 Information Ratio 0.01 Alpha Ratio 0.15 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 May 20 ₹10,000 31 May 21 ₹14,803 31 May 22 ₹15,562 31 May 23 ₹17,322 31 May 24 ₹21,242 31 May 25 ₹23,490 Returns for Mirae Asset Hybrid Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 6 Jun 25 Duration Returns 1 Month 4.1% 3 Month 10.4% 6 Month 1.2% 1 Year 11% 3 Year 15.4% 5 Year 17.9% 10 Year 15 Year Since launch 12.5% 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 8.73 Yr. Vrijesh Kasera 1 Apr 20 5.17 Yr. Harshad Borawake 1 Apr 20 5.17 Yr. Data below for Mirae Asset Hybrid Equity Fund as on 30 Apr 25
Asset Allocation
Asset Class Value Cash 2.54% Equity 77.4% Debt 20.05% Equity Sector Allocation
Sector Value Financial Services 26.1% Industrials 7.68% Consumer Cyclical 7.13% Technology 6.76% Health Care 6.39% Basic Materials 5.93% Energy 4.98% Utility 4.48% Consumer Defensive 3.74% Communication Services 3.21% Real Estate 1% Debt Sector Allocation
Sector Value Government 11.73% Corporate 8.33% Cash Equivalent 2.54% Credit Quality
Rating Value AA 7.93% AAA 92.07% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK7% ₹614 Cr 3,190,833
↑ 60,054 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | ICICIBANK5% ₹414 Cr 2,900,852 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹297 Cr 1,978,157 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 15 | RELIANCE3% ₹287 Cr 2,046,068 State Bank of India (Financial Services)
Equity, Since 31 Jul 15 | SBIN3% ₹278 Cr 3,528,375 7.1% Govt Stock 2034
Sovereign Bonds | -3% ₹261 Cr 24,875,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 15 | BHARTIARTL3% ₹252 Cr 1,350,573
↓ -122,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | 5322153% ₹249 Cr 2,097,277 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325552% ₹217 Cr 6,133,328 6.79% Govt Stock 2034
Sovereign Bonds | -2% ₹208 Cr 20,185,000
↑ 360,000 4. Mirae Asset India Equity Fund
CAGR/Annualized
return of 15.1% 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 (06 Jun 25) ₹112.135 ↑ 1.09 (0.98 %) Net Assets (Cr) ₹38,892 on 30 Apr 25 Category Equity - Multi Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.19 Sharpe Ratio 0.21 Information Ratio -0.47 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 May 20 ₹10,000 31 May 21 ₹16,149 31 May 22 ₹17,322 31 May 23 ₹19,032 31 May 24 ₹23,082 31 May 25 ₹25,838 Returns for Mirae Asset India Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 6 Jun 25 Duration Returns 1 Month 4.1% 3 Month 11.3% 6 Month 0.2% 1 Year 11.5% 3 Year 15% 5 Year 19.9% 10 Year 15 Year Since launch 15.1% 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 6.33 Yr. Data below for Mirae Asset India Equity Fund as on 30 Apr 25
Equity Sector Allocation
Sector Value Financial Services 33.53% Technology 11.54% Consumer Cyclical 10.24% Basic Materials 8.72% Industrials 8.3% Consumer Defensive 8.09% Energy 5.88% Health Care 4.78% Communication Services 4.13% Utility 2.86% Real Estate 0.96% Asset Allocation
Asset Class Value Cash 0.7% Equity 99.3% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹3,826 Cr 19,876,007
↓ -1,367,193 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹3,085 Cr 21,616,614
↓ -147,140 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY5% ₹2,038 Cr 13,582,779
↑ 974,789 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE5% ₹2,001 Cr 14,242,518 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322154% ₹1,611 Cr 13,598,134
↓ -647,702 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL4% ₹1,605 Cr 8,606,173
↓ -300,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS4% ₹1,578 Cr 4,569,170
↑ 504,837 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT3% ₹1,289 Cr 3,856,728 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹1,110 Cr 26,057,789
↑ 1,810,229 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK2% ₹953 Cr 4,314,193
↓ -206,308
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