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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 (%) 2019 (%) Mirae Asset India Equity Fund Growth ₹49.758
↑ 0.03 ₹16,381 12.3 -7.2 0.6 3.6 8 12.7 Mirae Asset Emerging Bluechip Fund Growth ₹54.935
↑ 0.26 ₹9,834 12.7 -5.7 7.4 5 11.6 14.7 Mirae Asset Tax Saver Fund Growth ₹17.801
↑ 0.02 ₹3,538 12.6 -6.7 3.8 5.1 14.1 Mirae Asset Great Consumer Fund Growth ₹33.587
↑ 0.17 ₹940 9.8 -11.9 4.1 4.2 8.2 8.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Jul 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 (%) 2019 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Mirae Asset Cash Management Fund Growth ₹2,098.31
↑ 0.18 ₹3,106 1 2.3 5.2 6.5 6.6 3.38% 1M 20D 1M 19D Mirae Asset Savings Fund Growth ₹1,738.89
↑ 0.81 ₹486 3 4.1 7 6.4 5.8 5.17% 8M 23D 9M 26D Mirae Asset Dynamic Bond Fund Growth ₹13.024
↓ -0.01 ₹92 2.1 8.1 10.2 8.1 11.1 5.94% 7Y 3M 14D 11Y 3M 14D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Jul 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 (%) 2019 (%) Mirae Asset Hybrid Equity Fund Growth ₹15.022
↑ 0.02 ₹3,468 9.4 -3.4 3.3 4.7 8.3 11.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Jul 20 1. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 13.4% 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 (31 Jul 20) ₹17.801 ↑ 0.02 (0.08 %) Net Assets (Cr) ₹3,538 on 30 Jun 20 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 2.45 Sharpe Ratio -0.14 Information Ratio 0.67 Alpha Ratio 5.21 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 16 ₹11,415 31 Jul 17 ₹15,263 31 Jul 18 ₹16,780 31 Jul 19 ₹17,052 31 Jul 20 ₹17,707 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20 Duration Returns 1 Month 6.5% 3 Month 12.6% 6 Month -6.7% 1 Year 3.8% 3 Year 5.1% 5 Year 10 Year 15 Year Since launch 13.4% Historical performance (Yearly) on absolute basis
Year Returns 2019 14.1% 2018 -2.3% 2017 47.9% 2016 14.8% 2015 2014 2013 2012 2011 2010 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 4.51 Yr. Data below for Mirae Asset Tax Saver Fund as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 36.66% Technology 10.89% Industrials 9.82% Consumer Defensive 9.66% Energy 7.45% Basic Materials 6.93% Consumer Cyclical 6.25% Health Care 4.07% Utility 3.76% Communication Services 2.05% Asset Allocation
Asset Class Value Cash 1.28% Equity 98.72% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK9% ₹333 Cr 3,120,722 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE6% ₹217 Cr 1,273,876
↓ -412,500 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY6% ₹197 Cr 2,678,557
↑ 360,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK5% ₹175 Cr 4,974,412
↑ 285,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS4% ₹151 Cr 725,179
↑ 150,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322154% ₹133 Cr 3,275,766 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT3% ₹107 Cr 1,133,630 ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC3% ₹96 Cr 4,933,461
↑ 555,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 15 | MARUTI3% ₹93 Cr 158,592
↑ 11,500 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN3% ₹90 Cr 5,053,799 2. Mirae Asset Emerging Bluechip Fund
CAGR/Annualized return of 18.4% 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 (31 Jul 20) ₹54.935 ↑ 0.26 (0.47 %) Net Assets (Cr) ₹9,834 on 30 Jun 20 Category Equity - Large & Mid Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 2.26 Sharpe Ratio -0.06 Information Ratio 0.89 Alpha Ratio 5.53 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 Jul 15 ₹10,000 31 Jul 16 ₹11,166 31 Jul 17 ₹14,924 31 Jul 18 ₹15,774 31 Jul 19 ₹16,100 31 Jul 20 ₹17,296 Returns for Mirae Asset Emerging Bluechip Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20 Duration Returns 1 Month 6.4% 3 Month 12.7% 6 Month -5.7% 1 Year 7.4% 3 Year 5% 5 Year 11.6% 10 Year 15 Year Since launch 18.4% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 Fund Manager information for Mirae Asset Emerging Bluechip Fund
Name Since Tenure Neelesh Surana 9 Jul 10 9.98 Yr. Ankit Jain 31 Jan 19 1.41 Yr. Data below for Mirae Asset Emerging Bluechip Fund as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 30.72% Industrials 10.73% Consumer Defensive 9.21% Technology 9.07% Health Care 9.01% Basic Materials 8.49% Consumer Cyclical 8.15% Energy 5.77% Utility 4.01% Communication Services 1.8% Asset Allocation
Asset Class Value Cash 2.43% Equity 97.57% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 17 | HDFCBANK7% ₹651 Cr 6,105,544
↓ -75,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 18 | RELIANCE4% ₹442 Cr 2,594,196
↓ -702,500 ICICI Bank Ltd (Financial Services)
Equity, Since 29 Feb 12 | ICICIBANK4% ₹402 Cr 11,444,341
↑ 485,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 18 | INFY4% ₹364 Cr 4,952,720
↑ 475,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | 5322154% ₹349 Cr 8,570,588 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 19 | TCS3% ₹304 Cr 1,458,005
↑ 280,000 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5002713% ₹297 Cr 5,473,944
↑ 200,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT3% ₹269 Cr 2,846,381 State Bank of India (Financial Services)
Equity, Since 30 Apr 18 | SBIN3% ₹261 Cr 14,610,277
↓ -600,000 Voltas Ltd (Industrials)
Equity, Since 31 Dec 14 | VOLTAS2% ₹240 Cr 4,398,260
↑ 1,083,000 3. Mirae Asset Hybrid Equity Fund
CAGR/Annualized return of 8.5% 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 (31 Jul 20) ₹15.022 ↑ 0.02 (0.10 %) Net Assets (Cr) ₹3,468 on 30 Jun 20 Category Hybrid - Hybrid Equity AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 2.48 Sharpe Ratio -0.24 Information Ratio -0.42 Alpha Ratio -3.62 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 Jul 15 ₹10,000 31 Jul 16 ₹10,894 31 Jul 17 ₹12,989 31 Jul 18 ₹13,990 31 Jul 19 ₹14,459 31 Jul 20 ₹14,929 Returns for Mirae Asset Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20 Duration Returns 1 Month 5.4% 3 Month 9.4% 6 Month -3.4% 1 Year 3.3% 3 Year 4.7% 5 Year 8.3% 10 Year 15 Year Since launch 8.5% Historical performance (Yearly) on absolute basis
Year Returns 2019 11.9% 2018 1.3% 2017 27.8% 2016 8.5% 2015 2014 2013 2012 2011 2010 Fund Manager information for Mirae Asset Hybrid Equity Fund
Name Since Tenure Mahendra Jajoo 8 Sep 16 3.81 Yr. Neelesh Surana 29 Jul 15 4.93 Yr. Vrijesh Kasera 1 Apr 20 0.25 Yr. Harshad Borawake 1 Apr 20 0.25 Yr. Data below for Mirae Asset Hybrid Equity Fund as on 30 Jun 20
Asset Allocation
Asset Class Value Cash 11.2% Equity 71.67% Debt 17.14% Equity Sector Allocation
Sector Value Financial Services 25.94% Energy 9.29% Technology 6.72% Industrials 6.48% Consumer Defensive 5.98% Health Care 5.61% Consumer Cyclical 4.59% Utility 3.08% Basic Materials 2.19% Communication Services 1.54% Debt Sector Allocation
Sector Value Government 13.88% Cash Equivalent 10.49% Corporate 3.96% Credit Quality
Rating Value AA 9.9% AAA 90.1% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 15 | RELIANCE7% ₹232 Cr 1,358,955
↓ -160,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK7% ₹226 Cr 2,117,078
↓ -115,000 GOVT STOCK
Sovereign Bonds | -6% ₹214 Cr 20,750,000
↓ -10,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | ICICIBANK4% ₹143 Cr 4,080,432 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹117 Cr 1,585,407
↑ 81,000 Reverse Repo
CBLO/Reverse Repo | -3% ₹116 Cr 5.79% Govt Stock 2030
Sovereign Bonds | -3% ₹114 Cr 11,500,000
↑ 5,500,000 HDFC Securities Limited
Commercial Paper | -3% ₹100 Cr 10,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | 5322153% ₹100 Cr 2,449,016
↓ -240,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 15 | TCS3% ₹98 Cr 470,311
↑ 22,000 4. Mirae Asset India Equity Fund
CAGR/Annualized return of 13.9% 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 (31 Jul 20) ₹49.758 ↑ 0.03 (0.06 %) Net Assets (Cr) ₹16,381 on 30 Jun 20 Category Equity - Multi Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.79 Sharpe Ratio -0.31 Information Ratio -0.16 Alpha Ratio -0.36 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 Jul 15 ₹10,000 31 Jul 16 ₹10,621 31 Jul 17 ₹13,209 31 Jul 18 ₹14,493 31 Jul 19 ₹14,602 31 Jul 20 ₹14,696 Returns for Mirae Asset India Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Jul 20 Duration Returns 1 Month 7.5% 3 Month 12.3% 6 Month -7.2% 1 Year 0.6% 3 Year 3.6% 5 Year 8% 10 Year 15 Year Since launch 13.9% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 23.1% Fund Manager information for Mirae Asset India Equity Fund
Name Since Tenure Harshad Borawake 1 May 17 3.17 Yr. Gaurav Misra 31 Jan 19 1.41 Yr. Data below for Mirae Asset India Equity Fund as on 30 Jun 20
Equity Sector Allocation
Sector Value Financial Services 33.99% Energy 13.15% Consumer Defensive 10.49% Technology 10.3% Consumer Cyclical 9.17% Industrials 8.26% Health Care 6.19% Basic Materials 2.9% Communication Services 2.1% Utility 1.72% Asset Allocation
Asset Class Value Cash 1.38% Equity 98.61% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹1,690 Cr 15,855,486 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE10% ₹1,644 Cr 9,644,492
↓ -100,000 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY7% ₹1,080 Cr 14,668,730
↑ 708,845 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹992 Cr 28,220,363 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS4% ₹598 Cr 2,869,869
↑ 92,328 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT3% ₹544 Cr 5,765,374
↓ -169,000 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹508 Cr 26,118,817 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | MARUTI3% ₹506 Cr 866,362 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322153% ₹468 Cr 11,499,484 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Sep 15 | 5006963% ₹448 Cr 2,053,767
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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