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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 ₹51.609
↑ 0.40 ₹13,946 0.7 0.2 12.5 11.5 12.7 -0.6 Mirae Asset Emerging Bluechip Fund Growth ₹54.03
↑ 0.69 ₹7,759 1.9 0.8 14.6 11.4 17.3 -5.4 Mirae Asset Tax Saver Fund Growth ₹17.909
↑ 0.17 ₹2,306 0.6 0.8 13.3 13.1 -2.3 Mirae Asset Great Consumer Fund Growth ₹36.367
↑ 0.34 ₹804 8.3 4 15.7 14 13.7 1.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Oct 19
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 ₹2,021.22
↑ 0.85 ₹4,157 1.5 3.2 7 6.9 7.3 5.6% 25D 26D Mirae Asset Savings Fund Growth ₹1,650.08
↑ 0.52 ₹545 1.7 2.6 6.9 6.3 6.6 6.61% 9M 10M 28D Mirae Asset Dynamic Bond Fund Growth ₹11.8662
↑ 0.00 ₹39 0.5 7.7 13.3 4.6 6.27% 6Y 3M 29D 9Y 8M 19D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Oct 19
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 ₹14.881
↑ 0.09 ₹2,429 -0.5 0 11.2 9.6 1.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Oct 19 1. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 16.5% since its launch. Return for 2018 was -2.3% , 2017 was 47.9% and 2016 was 14.8% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (18 Oct 19) ₹17.909 ↑ 0.17 (0.98 %) Net Assets (Cr) ₹2,306 on 31 Aug 19 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 2.45 Sharpe Ratio -0.42 Information Ratio 1.32 Alpha Ratio 3.7 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 16 ₹11,930 30 Sep 17 ₹15,171 30 Sep 18 ₹16,179 30 Sep 19 ₹17,610 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Oct 19 Duration Returns 1 Month 5.9% 3 Month 0.6% 6 Month 0.8% 1 Year 13.3% 3 Year 13.1% 5 Year 10 Year 15 Year Since launch 16.5% Historical performance (Yearly) on absolute basis
Year Returns 2018 -2.3% 2017 47.9% 2016 14.8% 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 3.26 Yr. Data below for Mirae Asset Tax Saver Fund as on 31 Aug 19
Equity Sector Allocation
Sector Value Financial Services 37.49% Consumer Cyclical 11.51% Consumer Defensive 9.97% Technology 8.58% Basic Materials 7.57% Health Care 7.34% Energy 6.9% Industrials 6.63% Utility 3.71% Asset Allocation
Asset Class Value Cash 0.3% Equity 99.7% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK9% ₹205 Cr 921,438
↑ 79,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹148 Cr 3,604,412
↑ 399,203 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE5% ₹107 Cr 859,876 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322154% ₹95 Cr 1,431,338
↑ 220,145 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN4% ₹92 Cr 3,375,773
↑ 769,246 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS4% ₹86 Cr 378,975
↓ -35,000 IndusInd Bank Ltd (Financial Services)
Equity, Since 29 Feb 16 | INDUSINDBK4% ₹85 Cr 607,689
↑ 57,500 ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC4% ₹85 Cr 3,444,875
↑ 1,959,351 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY3% ₹75 Cr 925,437
↓ -55,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT3% ₹71 Cr 532,880
↑ 42,299 2. Mirae Asset Emerging Bluechip Fund
CAGR/Annualized return of 19.9% since its launch. Return for 2018 was -5.4% , 2017 was 49% and 2016 was 12.2% . Mirae Asset Emerging Bluechip Fund
Growth Launch Date 9 Jul 10 NAV (18 Oct 19) ₹54.03 ↑ 0.69 (1.29 %) Net Assets (Cr) ₹7,759 on 31 Aug 19 Category Equity - Large & Mid Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 2.26 Sharpe Ratio -0.3 Information Ratio 1.27 Alpha Ratio 9.3 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 Sep 14 ₹10,000 30 Sep 15 ₹12,266 30 Sep 16 ₹15,111 30 Sep 17 ₹18,940 30 Sep 18 ₹19,271 30 Sep 19 ₹21,452 Returns for Mirae Asset Emerging Bluechip Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Oct 19 Duration Returns 1 Month 5.7% 3 Month 1.9% 6 Month 0.8% 1 Year 14.6% 3 Year 11.4% 5 Year 17.3% 10 Year 15 Year Since launch 19.9% Historical performance (Yearly) on absolute basis
Year Returns 2018 -5.4% 2017 49% 2016 12.2% 2015 14.1% 2014 84.6% 2013 8.6% 2012 45.6% 2011 -15.2% 2010 2009 Fund Manager information for Mirae Asset Emerging Bluechip Fund
Name Since Tenure Neelesh Surana 9 Jul 10 9.15 Yr. Ankit Jain 31 Jan 19 0.58 Yr. Data below for Mirae Asset Emerging Bluechip Fund as on 31 Aug 19
Equity Sector Allocation
Sector Value Financial Services 32.11% Health Care 13.12% Consumer Cyclical 12.46% Basic Materials 9.57% Consumer Defensive 8.24% Technology 7.77% Industrials 7.34% Energy 5.09% Utility 3.93% Asset Allocation
Asset Class Value Cash 0.36% Equity 99.64% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 29 Feb 12 | ICICIBANK6% ₹483 Cr 11,800,939
↑ 720,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 17 | HDFCBANK6% ₹468 Cr 2,098,870
↑ 153,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | 5322154% ₹294 Cr 4,429,016
↑ 318,324 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE3% ₹268 Cr 2,143,513 Voltas Ltd (Industrials)
Equity, Since 31 Dec 14 | VOLTAS3% ₹257 Cr 4,014,785 State Bank of India (Financial Services)
Equity, Since 30 Apr 18 | SBIN3% ₹247 Cr 9,037,029
↑ 2,059,381 IndusInd Bank Ltd (Financial Services)
Equity, Since 30 Jun 15 | INDUSINDBK3% ₹246 Cr 1,761,487
↑ 67,500 Tata Global Beverages Ltd (Consumer Defensive)
Equity, Since 29 Feb 16 | 5008003% ₹207 Cr 7,430,829
↓ -1,240,978 Vinati Organics Ltd (Basic Materials)
Equity, Since 30 Sep 12 | 5242002% ₹192 Cr 903,621 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT2% ₹183 Cr 1,380,582
↑ 228,997 3. Mirae Asset Hybrid Equity Fund
CAGR/Annualized return of 9.9% since its launch. Return for 2018 was 1.3% , 2017 was 27.8% and 2016 was 8.5% . Mirae Asset Hybrid Equity Fund
Growth Launch Date 29 Jul 15 NAV (18 Oct 19) ₹14.881 ↑ 0.09 (0.60 %) Net Assets (Cr) ₹2,429 on 31 Aug 19 Category Hybrid - Hybrid Equity AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 2.48 Sharpe Ratio -0.28 Information Ratio 0.4 Alpha Ratio 0.55 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 Sep 15 ₹9,710 30 Sep 16 ₹11,011 30 Sep 17 ₹12,876 30 Sep 18 ₹13,629 30 Sep 19 ₹14,681 Returns for Mirae Asset Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Oct 19 Duration Returns 1 Month 4.2% 3 Month -0.5% 6 Month 0% 1 Year 11.2% 3 Year 9.6% 5 Year 10 Year 15 Year Since launch 9.9% Historical performance (Yearly) on absolute basis
Year Returns 2018 1.3% 2017 27.8% 2016 8.5% 2015 2014 2013 2012 2011 2010 2009 Fund Manager information for Mirae Asset Hybrid Equity Fund
Name Since Tenure Mahendra Jajoo 8 Sep 16 2.4 Yr. Neelesh Surana 29 Jul 15 3.51 Yr. Sudhir Kedia 1 Apr 17 1.84 Yr. Data below for Mirae Asset Hybrid Equity Fund as on 31 Aug 19
Asset Allocation
Asset Class Value Cash 8.61% Equity 74.03% Debt 17.36% Equity Sector Allocation
Sector Value Financial Services 27.11% Technology 6.97% Consumer Cyclical 6.79% Consumer Defensive 6.57% Energy 6.43% Industrials 6.06% Health Care 5.85% Basic Materials 5.06% Utility 2.52% Communication Services 0.68% Debt Sector Allocation
Sector Value Government 13.52% Cash Equivalent 9.23% Corporate 4.55% Credit Quality
Rating Value AA 7.53% AAA 92.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.26% Govt Stock 2029
Sovereign Bonds | -10% ₹250 Cr 24,101,400
↓ -5,500,000 Tri Party Repo
CBLO/Reverse Repo | -9% ₹226 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK7% ₹176 Cr 1,435,372
↑ 56,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | ICICIBANK5% ₹132 Cr 3,040,432 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 15 | RELIANCE5% ₹127 Cr 951,912 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 15 | LT4% ₹97 Cr 658,579
↑ 20,000 State Bank of India (Financial Services)
Equity, Since 31 Jul 15 | SBIN4% ₹96 Cr 3,540,574
↑ 875,309 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | 5322153% ₹86 Cr 1,260,016 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 15 | ITC3% ₹82 Cr 3,148,155
↑ 308,421 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 15 | TCS3% ₹80 Cr 383,311
↑ 18,481 4. Mirae Asset India Equity Fund
CAGR/Annualized return of 15.3% since its launch. Ranked 19 in Multi Cap category. Return for 2018 was -0.6% , 2017 was 38.6% and 2016 was 8.1% . Mirae Asset India Equity Fund
Growth Launch Date 4 Apr 08 NAV (18 Oct 19) ₹51.609 ↑ 0.40 (0.77 %) Net Assets (Cr) ₹13,946 on 31 Aug 19 Category Equity - Multi Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio -0.46 Information Ratio 0.54 Alpha Ratio 1.67 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 Sep 14 ₹10,000 30 Sep 15 ₹11,075 30 Sep 16 ₹12,583 30 Sep 17 ₹15,262 30 Sep 18 ₹16,388 30 Sep 19 ₹17,572 Returns for Mirae Asset India Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Oct 19 Duration Returns 1 Month 6.3% 3 Month 0.7% 6 Month 0.2% 1 Year 12.5% 3 Year 11.5% 5 Year 12.7% 10 Year 15 Year Since launch 15.3% Historical performance (Yearly) on absolute basis
Year Returns 2018 -0.6% 2017 38.6% 2016 8.1% 2015 4.3% 2014 52.9% 2013 8.9% 2012 33.3% 2011 -19.6% 2010 23.1% 2009 109.3% Fund Manager information for Mirae Asset India Equity Fund
Name Since Tenure Neelesh Surana 10 Mar 08 11.48 Yr. Harshad Borawake 1 May 17 2.33 Yr. Gaurav Misra 31 Jan 19 0.58 Yr. Data below for Mirae Asset India Equity Fund as on 31 Aug 19
Equity Sector Allocation
Sector Value Financial Services 35.4% Consumer Cyclical 9.52% Technology 9.5% Energy 9.08% Consumer Defensive 8.5% Industrials 7.15% Health Care 6.95% Basic Materials 6.04% Utility 2.97% Communication Services 1.25% Asset Allocation
Asset Class Value Cash 3.62% Equity 96.37% Debt 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹1,251 Cr 5,613,742
↑ 251,116 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹883 Cr 21,555,331
↑ 845,756 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE6% ₹850 Cr 6,805,705
↑ 445,905 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322154% ₹621 Cr 9,347,673
↑ 500,640 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY4% ₹561 Cr 6,880,800 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC4% ₹557 Cr 22,669,494
↑ 4,958,676 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT4% ₹532 Cr 4,002,345
↑ 547,536 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS4% ₹516 Cr 2,284,972 State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN4% ₹502 Cr 18,343,291
↑ 1,814,716 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC3% ₹397 Cr 1,830,451
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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