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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 (%) 2020 (%) Mirae Asset India Equity Fund Growth ₹64.306
↓ -0.70 ₹20,797 22.6 35 16.8 9.2 16.3 13.7 Mirae Asset Emerging Bluechip Fund Growth ₹74.143
↓ -0.76 ₹13,405 27 40.2 24.9 10.9 20.1 22.4 Mirae Asset Tax Saver Fund Growth ₹24.179
↓ -0.22 ₹5,044 25.8 40.9 23.9 11.4 20.4 21.5 Mirae Asset Great Consumer Fund Growth ₹43.333
↓ -0.17 ₹1,056 23.8 31.2 12.9 8.1 16.4 11.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Jan 21
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 (%) 2020 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Mirae Asset Cash Management Fund Growth ₹2,129.6
↑ 0.37 ₹3,617 0.8 1.6 4.1 6 4.2 0% 24D Mirae Asset Savings Fund Growth ₹1,772
↓ -0.22 ₹1,016 0.9 2.1 6.4 6.3 6.7 0% 10M 28D Mirae Asset Dynamic Bond Fund Growth ₹13.1464
↓ -0.01 ₹140 0.5 1 9.6 8.4 9.8 0% 4Y 7M 2D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jan 21
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 (%) 2020 (%) Mirae Asset Hybrid Equity Fund Growth ₹18.41
↓ -0.15 ₹4,139 18.6 26.1 15.9 9.5 14 13.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Jan 21 1. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 19.1% since its launch. Return for 2020 was 21.5% , 2019 was 14.1% and 2018 was -2.3% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (15 Jan 21) ₹24.179 ↓ -0.22 (-0.92 %) Net Assets (Cr) ₹5,044 on 30 Nov 20 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.63 Sharpe Ratio 0.44 Information Ratio 0.69 Alpha Ratio 5.12 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 31 Dec 20 ₹23,001 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 7.4% 3 Month 25.8% 6 Month 40.9% 1 Year 23.9% 3 Year 11.4% 5 Year 20.4% 10 Year 15 Year Since launch 19.1% Historical performance (Yearly) on absolute basis
Year Returns 2020 21.5% 2019 14.1% 2018 -2.3% 2017 47.9% 2016 14.8% 2015 2014 2013 2012 2011 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 5.01 Yr. Data below for Mirae Asset Tax Saver Fund as on 30 Nov 20
Equity Sector Allocation
Sector Value Financial Services 38.7% Technology 11.23% Consumer Defensive 8.57% Basic Materials 8.04% Health Care 7.52% Consumer Cyclical 6.43% Industrials 5.42% Energy 4.68% Communication Services 3.5% Utility 1.66% Asset Allocation
Asset Class Value Cash 0.97% Equity 99.02% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK10% ₹533 Cr 3,710,722
↑ 80,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY7% ₹390 Cr 3,106,693
↓ -10,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK7% ₹381 Cr 7,123,912
↑ 187,500 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322155% ₹258 Cr 4,166,266
↑ 445,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS4% ₹220 Cr 768,179 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL3% ₹191 Cr 3,748,000 Reliance Industries Limited
Equity, Since 30 Jun 20 | -3% ₹180 Cr 1,610,338 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 28 Feb 19 | 5001243% ₹155 Cr 298,090 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 17 | HDFC3% ₹155 Cr 606,263 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Mar 18 | 5002713% ₹145 Cr 2,151,203 2. Mirae Asset Emerging Bluechip Fund
CAGR/Annualized return of 21% since its launch. Return for 2020 was 22.4% , 2019 was 14.7% and 2018 was -5.4% . Mirae Asset Emerging Bluechip Fund
Growth Launch Date 9 Jul 10 NAV (15 Jan 21) ₹74.143 ↓ -0.76 (-1.02 %) Net Assets (Cr) ₹13,405 on 30 Nov 20 Category Equity - Large & Mid Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.61 Sharpe Ratio 0.48 Information Ratio 0.92 Alpha Ratio 2.2 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 Dec 15 ₹10,000 31 Dec 16 ₹11,217 31 Dec 17 ₹16,714 31 Dec 18 ₹15,808 31 Dec 19 ₹18,135 31 Dec 20 ₹22,196 Returns for Mirae Asset Emerging Bluechip Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 7.5% 3 Month 27% 6 Month 40.2% 1 Year 24.9% 3 Year 10.9% 5 Year 20.1% 10 Year 15 Year Since launch 21% Historical performance (Yearly) on absolute basis
Year Returns 2020 22.4% 2019 14.7% 2018 -5.4% 2017 49% 2016 12.2% 2015 14.1% 2014 84.6% 2013 8.6% 2012 45.6% 2011 -15.2% Fund Manager information for Mirae Asset Emerging Bluechip Fund
Name Since Tenure Neelesh Surana 9 Jul 10 10.49 Yr. Ankit Jain 31 Jan 19 1.92 Yr. Data below for Mirae Asset Emerging Bluechip Fund as on 30 Nov 20
Equity Sector Allocation
Sector Value Financial Services 33.98% Consumer Cyclical 9.97% Technology 9.76% Health Care 9.66% Industrials 8.41% Consumer Defensive 7.87% Basic Materials 7.1% Energy 4.94% Communication Services 3.39% Utility 2.06% Asset Allocation
Asset Class Value Cash 1.27% Equity 98.73% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 17 | HDFCBANK7% ₹1,018 Cr 7,090,544
↑ 140,000 ICICI Bank Ltd (Financial Services)
Equity, Since 29 Feb 12 | ICICIBANK7% ₹938 Cr 17,524,841
↑ 662,500 Infosys Ltd (Technology)
Equity, Since 31 Jan 18 | INFY5% ₹766 Cr 6,097,584
↑ 48,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | 5322155% ₹693 Cr 11,165,088
↑ 905,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL3% ₹484 Cr 9,504,000 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5002713% ₹424 Cr 6,283,046 State Bank of India (Financial Services)
Equity, Since 30 Apr 18 | SBIN3% ₹407 Cr 14,810,277 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 19 | TCS3% ₹396 Cr 1,385,005 Voltas Ltd (Industrials)
Equity, Since 31 Dec 14 | VOLTAS2% ₹347 Cr 4,207,977 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE2% ₹326 Cr 1,644,196
↑ 245,000 3. Mirae Asset Hybrid Equity Fund
CAGR/Annualized return of 11.8% since its launch. Return for 2020 was 13.7% , 2019 was 11.9% and 2018 was 1.3% . Mirae Asset Hybrid Equity Fund
Growth Launch Date 29 Jul 15 NAV (15 Jan 21) ₹18.41 ↓ -0.15 (-0.80 %) Net Assets (Cr) ₹4,139 on 30 Nov 20 Category Hybrid - Hybrid Equity AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.81 Sharpe Ratio 0.27 Information Ratio -0.58 Alpha Ratio -4.36 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 ₹10,000 31 Dec 16 ₹10,853 31 Dec 17 ₹13,871 31 Dec 18 ₹14,049 31 Dec 19 ₹15,725 31 Dec 20 ₹17,871 Returns for Mirae Asset Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 5.2% 3 Month 18.6% 6 Month 26.1% 1 Year 15.9% 3 Year 9.5% 5 Year 14% 10 Year 15 Year Since launch 11.8% Historical performance (Yearly) on absolute basis
Year Returns 2020 13.7% 2019 11.9% 2018 1.3% 2017 27.8% 2016 8.5% 2015 2014 2013 2012 2011 Fund Manager information for Mirae Asset Hybrid Equity Fund
Name Since Tenure Mahendra Jajoo 8 Sep 16 4.32 Yr. Vrijesh Kasera 1 Apr 20 0.75 Yr. Harshad Borawake 1 Apr 20 0.75 Yr. Data below for Mirae Asset Hybrid Equity Fund as on 30 Nov 20
Asset Allocation
Asset Class Value Cash 8.3% Equity 79.33% Debt 12.37% Equity Sector Allocation
Sector Value Financial Services 30.9% Technology 10.41% Energy 9.83% Health Care 5.89% Consumer Defensive 5.78% Industrials 4.61% Consumer Cyclical 4.45% Basic Materials 3.01% Communication Services 1.97% Utility 1.41% Real Estate 0.81% Debt Sector Allocation
Sector Value Government 9.85% Cash Equivalent 8.3% Corporate 2.52% Credit Quality
Rating Value AA 14.28% AAA 85.72% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK8% ₹343 Cr 2,388,078
↑ 195,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 15 | RELIANCE7% ₹300 Cr 1,509,955
↑ 66,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | ICICIBANK6% ₹260 Cr 4,855,432 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY5% ₹226 Cr 1,800,407 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | 5322154% ₹186 Cr 2,991,358
↑ 310,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 15 | TCS4% ₹176 Cr 615,311 State Bank of India (Financial Services)
Equity, Since 31 Jul 15 | SBIN3% ₹140 Cr 5,108,236 Mirae Asset Nifty 50 ETF (MAN50ETF)
- | MAN50ETF3% ₹117 Cr 8,213,789
↑ 1,050,000 6.18% Govt Stock 2024
Sovereign Bonds | -2% ₹105 Cr 10,000,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFC2% ₹104 Cr 406,280
↑ 30,000 4. Mirae Asset India Equity Fund
CAGR/Annualized return of 15.7% since its launch. Ranked 19 in Multi Cap category. Return for 2020 was 13.7% , 2019 was 12.7% and 2018 was -0.6% . Mirae Asset India Equity Fund
Growth Launch Date 4 Apr 08 NAV (15 Jan 21) ₹64.306 ↓ -0.70 (-1.08 %) Net Assets (Cr) ₹20,797 on 30 Nov 20 Category Equity - Multi Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.37 Sharpe Ratio 0.23 Information Ratio -0.46 Alpha Ratio -1.48 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 ₹10,000 31 Dec 16 ₹10,809 31 Dec 17 ₹14,979 31 Dec 18 ₹14,884 31 Dec 19 ₹16,778 31 Dec 20 ₹19,077 Returns for Mirae Asset India Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 6.8% 3 Month 22.6% 6 Month 35% 1 Year 16.8% 3 Year 9.2% 5 Year 16.3% 10 Year 15 Year Since launch 15.7% Historical performance (Yearly) on absolute basis
Year Returns 2020 13.7% 2019 12.7% 2018 -0.6% 2017 38.6% 2016 8.1% 2015 4.3% 2014 52.9% 2013 8.9% 2012 33.3% 2011 -19.6% Fund Manager information for Mirae Asset India Equity Fund
Name Since Tenure Harshad Borawake 1 May 17 3.67 Yr. Gaurav Misra 31 Jan 19 1.92 Yr. Data below for Mirae Asset India Equity Fund as on 30 Nov 20
Equity Sector Allocation
Sector Value Financial Services 33.64% Technology 13.79% Energy 11.85% Consumer Defensive 10.61% Consumer Cyclical 8.2% Health Care 7.55% Industrials 6.63% Communication Services 4.68% Utility 1.26% Basic Materials 1.12% Asset Allocation
Asset Class Value Cash 0.32% Equity 99.68% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK11% ₹2,328 Cr 16,207,823 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY9% ₹1,981 Cr 15,772,961 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE9% ₹1,926 Cr 9,701,392 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹1,754 Cr 32,780,586 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322154% ₹860 Cr 13,853,484 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS4% ₹843 Cr 2,944,869 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL4% ₹843 Cr 16,538,198 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Sep 15 | 5006964% ₹787 Cr 3,286,598 State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN3% ₹668 Cr 24,281,723 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 18 | 5001243% ₹606 Cr 1,165,021
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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