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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 ₹108.599
↓ -0.21 ₹39,951 10.2 16.2 25.3 14.4 16.8 18.4 Mirae Asset Emerging Bluechip Fund Growth ₹148.497
↑ 0.07 ₹37,846 11.5 19.1 38 18.1 23.5 29.3 Mirae Asset Tax Saver Fund Growth ₹47.103
↓ -0.04 ₹24,346 10.9 18.9 35 17.9 22.1 27 Mirae Asset Great Consumer Fund Growth ₹93.512
↑ 0.06 ₹3,751 14 21 36.6 23.1 23.5 32.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Jul 24
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 ₹2,567.82
↑ 0.50 ₹10,729 1.8 3.7 7.3 5.8 7 7.24% 1M 28D 1M 28D Mirae Asset Savings Fund Growth ₹2,109.52
↑ 0.55 ₹1,071 1.9 3.7 7 5.4 6.6 7.64% 10M 17D 11M 28D Mirae Asset Dynamic Bond Fund Growth ₹15.0786
↑ 0.01 ₹149 2 3.7 6.3 4.2 5.8 7.47% 2Y 3M 7D 2Y 7M 13D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Jul 24
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 ₹30.788
↑ 0.02 ₹8,963 9.2 15 24.9 14.2 16 19 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Jul 24 1. Mirae Asset Tax Saver Fund
CAGR/Annualized
return of 19.8% 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 (25 Jul 24) ₹47.103 ↓ -0.04 (-0.08 %) Net Assets (Cr) ₹24,346 on 30 Jun 24 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.19 Sharpe Ratio 2.08 Information Ratio -0.81 Alpha Ratio -2.76 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹9,272 30 Jun 21 ₹15,590 30 Jun 22 ₹15,485 30 Jun 23 ₹18,798 30 Jun 24 ₹25,533 Returns for Mirae Asset Tax Saver Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 25 Jul 24 Duration Returns 1 Month 2.9% 3 Month 10.9% 6 Month 18.9% 1 Year 35% 3 Year 17.9% 5 Year 22.1% 10 Year 15 Year Since launch 19.8% 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 8.51 Yr. Data below for Mirae Asset Tax Saver Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 31.95% Consumer Cyclical 13.56% Industrials 10.94% Technology 9.99% Health Care 9.02% Basic Materials 7.92% Energy 5.81% Communication Services 3.13% Consumer Defensive 2.99% Utility 2.23% Real Estate 1.26% Asset Allocation
Asset Class Value Cash 1.21% Equity 98.79% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹2,028 Cr 12,044,903 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | AXISBANK5% ₹1,212 Cr 9,576,566
↑ 2,190,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK4% ₹1,068 Cr 8,906,912
↓ -475,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE4% ₹1,004 Cr 3,208,088
↓ -397,893 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY4% ₹998 Cr 6,367,516
↑ 573,465 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN4% ₹906 Cr 10,673,799 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT3% ₹825 Cr 2,325,832
↑ 150,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | KOTAKBANK3% ₹617 Cr 3,424,135
↓ -1,359,066 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL2% ₹518 Cr 3,588,392
↑ 820,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS2% ₹508 Cr 1,301,221
↑ 125,000 2. Mirae Asset Emerging Bluechip Fund
CAGR/Annualized
return of 21.2% 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 (25 Jul 24) ₹148.497 ↑ 0.07 (0.05 %) Net Assets (Cr) ₹37,846 on 30 Jun 24 Category Equity - Large & Mid Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.34 Sharpe Ratio 2.32 Information Ratio -1.45 Alpha Ratio -3.62 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 30 Jun 19 ₹10,000 30 Jun 20 ₹9,532 30 Jun 21 ₹16,195 30 Jun 22 ₹15,990 30 Jun 23 ₹19,284 30 Jun 24 ₹26,837 Returns for Mirae Asset Emerging Bluechip Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 25 Jul 24 Duration Returns 1 Month 2.9% 3 Month 11.5% 6 Month 19.1% 1 Year 38% 3 Year 18.1% 5 Year 23.5% 10 Year 15 Year Since launch 21.2% 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 13.99 Yr. Ankit Jain 31 Jan 19 5.42 Yr. Data below for Mirae Asset Emerging Bluechip Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 25.09% Consumer Cyclical 15.47% Industrials 12.89% Basic Materials 10.46% Health Care 9.82% Technology 7.39% Energy 5.15% Communication Services 4.33% Utility 3.72% Consumer Defensive 2.11% Real Estate 1.99% Asset Allocation
Asset Class Value Cash 1.57% Equity 98.43% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 17 | HDFCBANK6% ₹2,226 Cr 13,218,124 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | AXISBANK4% ₹1,426 Cr 11,273,106
↑ 1,642,578 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT3% ₹1,131 Cr 3,187,124
↑ 188,512 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE3% ₹987 Cr 3,152,138
↓ -642,191 ICICI Bank Ltd (Financial Services)
Equity, Since 29 Feb 12 | ICICIBANK3% ₹957 Cr 7,975,564
↓ -1,382,288 State Bank of India (Financial Services)
Equity, Since 30 Apr 18 | SBIN2% ₹913 Cr 10,756,590
↑ 300,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK2% ₹907 Cr 5,030,014
↓ -1,514,092 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | TATAMOTORS2% ₹799 Cr 8,075,562
↑ 2,136,547 NTPC Ltd (Utilities)
Equity, Since 31 Jul 21 | NTPC2% ₹787 Cr 20,798,438 Prestige Estates Projects Ltd (Real Estate)
Equity, Since 30 Sep 22 | PRESTIGE2% ₹753 Cr 3,978,136
↓ -644,993 3. Mirae Asset Hybrid Equity Fund
CAGR/Annualized
return of 13.3% 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 (25 Jul 24) ₹30.788 ↑ 0.02 (0.05 %) Net Assets (Cr) ₹8,963 on 30 Jun 24 Category Hybrid - Hybrid Equity AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.54 Sharpe Ratio 1.99 Information Ratio -0.22 Alpha Ratio -0.85 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 30 Jun 19 ₹10,000 30 Jun 20 ₹9,444 30 Jun 21 ₹13,481 30 Jun 22 ₹13,422 30 Jun 23 ₹15,928 30 Jun 24 ₹19,967 Returns for Mirae Asset Hybrid Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 25 Jul 24 Duration Returns 1 Month 2.5% 3 Month 9.2% 6 Month 15% 1 Year 24.9% 3 Year 14.2% 5 Year 16% 10 Year 15 Year Since launch 13.3% 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 7.81 Yr. Vrijesh Kasera 1 Apr 20 4.25 Yr. Harshad Borawake 1 Apr 20 4.25 Yr. Data below for Mirae Asset Hybrid Equity Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 4.63% Equity 75.21% Debt 20.16% Equity Sector Allocation
Sector Value Financial Services 23.96% Consumer Cyclical 9.35% Industrials 8.75% Technology 6.48% Energy 5.73% Basic Materials 5.42% Health Care 4.68% Consumer Defensive 3.64% Utility 3.53% Communication Services 2.88% Real Estate 0.78% Debt Sector Allocation
Sector Value Corporate 9.91% Government 9.88% Cash Equivalent 4.31% Securitized 0.69% Credit Quality
Rating Value AA 20.03% AAA 79.97% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK6% ₹575 Cr 3,415,779 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 15 | RELIANCE4% ₹358 Cr 1,144,356 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | ICICIBANK4% ₹357 Cr 2,973,852
↓ -584,000 State Bank of India (Financial Services)
Equity, Since 31 Jul 15 | SBIN3% ₹309 Cr 3,643,375
↓ -100,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹303 Cr 1,930,907 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | AXISBANK3% ₹232 Cr 1,831,615 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | NTPC2% ₹221 Cr 5,846,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 15 | BHARTIARTL2% ₹206 Cr 1,428,573 7.1% Govt Stock 2034
Sovereign Bonds | -2% ₹193 Cr 19,150,000
↑ 2,750,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 15 | LT2% ₹190 Cr 535,250
↓ -22,500 4. Mirae Asset India Equity Fund
CAGR/Annualized
return of 15.8% 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 (25 Jul 24) ₹108.599 ↓ -0.21 (-0.19 %) Net Assets (Cr) ₹39,951 on 30 Jun 24 Category Equity - Multi Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.21 Sharpe Ratio 1.52 Information Ratio -1.01 Alpha Ratio -3.19 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 30 Jun 19 ₹10,000 30 Jun 20 ₹8,877 30 Jun 21 ₹13,671 30 Jun 22 ₹13,619 30 Jun 23 ₹16,282 30 Jun 24 ₹20,361 Returns for Mirae Asset India Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 25 Jul 24 Duration Returns 1 Month 3.1% 3 Month 10.2% 6 Month 16.2% 1 Year 25.3% 3 Year 14.4% 5 Year 16.8% 10 Year 15 Year Since launch 15.8% 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 Misra 31 Jan 19 5.42 Yr. Data below for Mirae Asset India Equity Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 36.99% Technology 12.74% Consumer Cyclical 8.09% Basic Materials 7.88% Energy 7.88% Consumer Defensive 6.93% Industrials 6.76% Health Care 5.3% Communication Services 3.99% Utility 1.56% Real Estate 0.51% Asset Allocation
Asset Class Value Cash 1.37% Equity 98.62% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹4,034 Cr 23,959,554
↓ -560,771 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹3,007 Cr 25,065,475 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE7% ₹2,822 Cr 9,014,496
↓ -1,124,849 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY6% ₹2,587 Cr 16,509,054 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | AXISBANK5% ₹1,968 Cr 15,557,041
↓ -982,886 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL4% ₹1,439 Cr 9,965,971 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT4% ₹1,438 Cr 4,052,241 State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN4% ₹1,431 Cr 16,858,326
↓ -400,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK3% ₹1,323 Cr 7,339,503
↓ -1,614,167 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹1,170 Cr 27,540,126
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