Mirae Asset Mutual Fund

Mirae Asset Mutual Fund is one of the fast-growing asset management companies in India. Mirae Asset Mutual Fund India is a subsidiary of Mirae Asset Global Investments Company Limited, a leading Asset Management Company in the world.

Mirae Asset Mutual Fund aims to provide innovative investment solutions to its investors to help achieve their long-term objectives. Powered by unwavering philosophies and global expertise, Mirae Asset Mutual Fund offers innovative solutions across asset classes.

Mirae Asset Mutual Fund offers a diverse range of schemes across various segments like equity funds, debt funds, balanced funds, equity-linked savings schemes (ELSS), etc. to cater to every investor's needs.

Mirae Asset Mutual Fund has its presence across the country with 21 branches, 27 lakhs folios, and ₹47,907.57 crores of Assets Under Management as on 31-July-2020.

Mirae Asset Mutual Fund caters to the changing investment needs of its investors with a variety of funds across the risk-return spectrum. The fund performance is measured based on fund size, fund manager's track record, historic NAV growth, and several risk ratios along with the AUM growth of the fund. Right now, the investors have a choice between 16 Mirae Asset Mutual Fund schemes across multiple categories.

Check the list of some of the top-performing Mirae Asset Mutual funds across different categories of funds.

Equity Funds from Mirae Asset Mutual Funds seek to provide an opportunity to achieve high growth and high return in the long-term horizon by investing in equity and equity-related instruments across various sectors. The risk profile of these Mirae Asset Mutual Funds ranges between high and moderately high since the underlying instruments are volatile.

Right now, there are seven open-ended Equity schemes by Mirae Asset Mutual Fund. These equity funds of Mirae Asset Mutual Funds are further classified as - large-cap, mid-cap, small and micro-cap, sectoral, thematic, and multi-cap, depending on the investment strategy. The total Assets Under Management of all these seven schemes was ₹38,399.84 Crores as on 31st July 2020.

Check the list of some of the top-performing Mirae Asset Mutual Funds in the equity investment category.

Debt Funds from Mirae Asset Mutual Funds aim to provide the potential for stable growth of capital and regular income. The risk profile of these Debt Funds from Mirae Asset Mutual Funds varies from moderate to low as the portfolio consists of fixed income securities like government securities, corporate bonds, commercial papers, and money market instruments. As these Debt Funds from Mirae Asset Mutual Funds aim to lower the risk factor for investors, these are well-suited for conservative investors.

Right now, Mirae Asset Mutual Fund offers six open-ended schemes in this category. The total Assets Under Management of all these six schemes is ₹5,356.91 Crores as on 31st July 2020.

Check the list of some of the top-performing Mirae Asset Mutual Funds in the debt investment category.

Hybrid Funds from Mirae Asset Mutual Funds aim to offer the combined benefit of a steady income and potential growth opportunities by striking a balance between multiple asset classes (usually equities and debt). Depending on the asset allocation and objective of the fund, risk quotients of the Hybrid Funds from Mirae Asset Mutual Funds vary from moderately high and moderately low.

Right now, there are three Hybrid schemes offered by Mirae Asset Mutual Funds. Check the list of some of the top-performing Mirae Asset Mutual Funds in the hybrid investment category.

Tax Savings funds from Mirae Asset Mutual Funds is an ELSS (Equity Linked Savings Scheme) The investment into the ELSS (Equity Linked Savings Scheme) fund qualifies for tax deduction of up to Rs. 1.50 lakhs per annum under Section 80C of the Income Tax Act, 1961.

Along with offering tax benefits, Tax Savings funds from Mirae Asset Mutual Funds offer potential growth opportunities in the long-term horizon by investing in equity-oriented instruments across the market capitalization spectrum. Compared to various other traditional tax-saving avenues, ELSS funds offer wealth accumulation through equity investment coupled with liquidity, as they have the least lock-in compared to its peers of only 3 years.

The investment in any of the Mirae Asset Mutual Funds online can begin with an investment as low as ₹500 only. There is one open-ended Tax Savings fund from Mirae Asset Mutual Funds called Mirae Asset Tax Saver Fund with an AUM of ₹3,769.15 crores as on 31st July 2020 a lock-in tenure of 3-year.

• Mirae Asset Emerging Bluechip Fund

  • Investment Objective:

    The fund objective of the Mirae Asset Emerging Bluechip Fund is to generate capital appreciation in the long-term horizon for its investors. The fund invests in equities of bluechip companies and the emerging businesses (potential future bluechip companies) to provide investors an opportunity to create wealth and maximize the wealth over a long-term period.

  • Fund Details:

    The fund category is Equity Large & Mid-cap with an AUM of Rs. 10,400.07 Crores as on 31st July 2020. The scheme was launched on 09-Jul-2010. This Mirae Asset Mutual Fund NAV for the Direct Plan, Growth was Rs. 63.60 as on 27-Aug-2020 and the same for Regular Plan, Growth was Rs. 59.27. The fund has given a 21.74% average annualized return (CAGR) since inception. The benchmark for this scheme is the NIFTY Large Midcap 250 TRI Index and the fund manager is Mr. Ankit Jain.

    The expense ratio of the Mirae Asset Emerging Bluechip Fund -Direct Plan is 0.85 % and the same for the regular plan is 1.75%. There would be an exit load of 1% if you redeem within 365 days from the date of investment.

    Mirae Asset Emerging Bluechip Fund mainly invests in the financial, energy, and technology sectors. Here is the detailed table on holding for this scheme.

    The portfolio holdings as on 31st July 2020 is:

    Company	Sector	% of Total AUM
    HDFC Bank	Financial	6.29
    Reliance Industries	Energy	4.85
    ICICI Bank	Financial	4.76
    Infosys	Technology	4.52
    Axis Bank	Financial	3.86
    Tata Consultancy Services	Technology	3.14
    Max Financial Services	Financial	2.8
    State Bank of India	Financial	2.64
    Voltas	Cons Durable	2.62
    Larsen & Toubro	Construction	2.52
    MindTree	Technology	2.47
    Sun Pharmaceutical Inds.	Healthcare	2.18
    Balkrishna Industries	Automobile	2.1
    ITC	FMCG	2.09
    Maruti Suzuki India	Automobile	2.09
    Kansai Nerolac Paints	Chemicals	1.91
    Gujarat State Petronet	Energy	1.85
    Hindustan Unilever	FMCG	1.72
    Cholamandalam Invest. & Fin.	Financial	1.72
    Ajanta Pharma	Healthcare	1.71
    Tata Consumer Products	FMCG	1.69
    SRF	Diversified	1.64
    Bharti Airtel	Communication	1.64
    NTPC	Energy	1.56
    Havells India	Engineering	1.55

    The minimum investment in Mirae Asset Emerging Bluechip Fund is ₹1,000 via SIP.

• Mirae Asset Large Cap Fund

  • Investment Objective:

    The fund objective of the Mirae Asset Large Cap Fund is to provide opportunities to maximize capital growth over the medium to long-term period by predominantly investing in large cap stocks across various sectors. The fund is highly suitable for investors seeking wealth creation opportunities.

  • Fund Details:

    The fund category is 'Equity: Large Cap' funds with an AUM of ₹17,332.10 Crores as on 31st July 2020. The scheme was launched on 04-April-2008. This Mirae Asset Mutual Fund NAV for the Direct Plan, Growth was Rs. 56.54 as on 27-Aug-2020 and the same for Regular Plan, Growth was ₹52.73. The fund has given 15.33% average annualized return (CAGR) since inception. The benchmark for this scheme is the NIFTY 100 TRI Index and the fund managers are Mr. Harshad Borawake and Mr. Gaurav Misra.

    The expense ratio of the Mirae Asset Large Cap Fund is 0.63 % for direct plans and the same for regular plans is 1.66%. There would be an exit load of 1% applicable for redemptions within 365 days from the date of investment.

    Mirae Asset Large Cap Fund mainly invests in the energy, financial, and technology sectors. Here is the detailed table on holding for this scheme.

    The portfolio holdings as on 31st July 2020 is:

    Company	Sector	% of Total AUM
    Reliance Industries	Energy	11.3
    HDFC Bank	Financial	9.28
    Infosys	Technology	8.03
    ICICI Bank	Financial	6.14
    Tata Consultancy Services	Technology	3.71
    Axis Bank	Financial	3.31
    Larsen & Toubro	Construction	2.98
    ITC	FMCG	2.87
    Maruti Suzuki India	Automobile	2.81
    State Bank of India	Financial	2.63
    Hindustan Unilever	FMCG	2.57
    HDFC Life Insurance	Financial	1.99
    HDFC	Financial	1.98
    Bharti Airtel	Communication	1.94
    Kotak Mahindra Bank	Financial	1.8
    Dabur India	FMCG	1.69
    Max Financial Services	Financial	1.58
    HPCL	Energy	1.55
    NTPC	Energy	1.45
    Divi's Laboratories	Healthcare	1.43
    Biocon	Healthcare	1.43
    Tata Consumer Products	FMCG	1.42
    Havells India	Engineering	1.42
    Britannia Inds.	FMCG	1.39
    Titan Company	Cons Durable	1.37

    The minimum lump sum investment in Mirae Asset Large Cap Fund is ₹5,000 and for SIP it is ₹1,000.

• Mirae Asset Tax Saver Fund

  • Investment Objective:

    The fund objective of Mirae Asset Tax Saver Fund is to generate inflation-beating returns and potential for capital appreciation in the long-term along with offering tax advantage. Investments up to Rs. 1.5 lakhs into these funds qualify for tax deduction under Section 80C of the Income Tax Act, 1961. The fund comes with a lock-in period of 3 years.

  • Fund Details:

    The fund category is 'Equity Linked Savings Scheme' under equity funds with an AUM of ₹3,769.15 Crores as on 31st July 2020. The scheme was launched on 28-Dec-2015. This Mirae Asset Mutual Fund NAV for the Direct Plan, Growth was ₹20.58 as on 27-Aug-2020 and the same for Regular Plan, Growth was ₹19.23. The fund has given a 16.72% average annualized return (CAGR) since inception. The benchmark for this scheme is the NIFTY 200 TRI Index and the fund manager is Mr. Neelesh Surana

    The expense ratio of the Mirae Asset Tax Saver Fund is 0.39 % for direct plans and the same for regular plans is 1.84%. There would be no exit load applicable. However, the fund comes with a 3 years lock-in period which means redemption is allowed only after the lock-in period.

    Mirae Asset Tax Saver Fund mainly invests in the financial, technology, and energy sectors. Here is the detailed table on holding for this scheme.

    The portfolio holdings as on 31st July 2020 is:

    Company	Sector	% of Total AUM
    HDFC Bank	Financial	8.84
    Infosys	Technology	6.71
    Reliance Industries	Energy	5.89
    ICICI Bank	Financial	5.55
    Tata Consultancy Services	Technology	4.29
    Axis Bank	Financial	3.83
    ITC	FMCG	2.9
    Larsen & Toubro	Construction	2.79
    State Bank of India	Financial	2.51
    Maruti Suzuki India	Automobile	2.41
    Sun Pharmaceutical Inds.	Healthcare	2.33
    Max Financial Services	Financial	2.24
    Reliance Industries Ltd - Partly Paid Equity	Energy	2.22
    Hindustan Unilever	FMCG	2.09
    Bharti Airtel	Communication	2.03
    Voltas	Cons Durable	1.99
    HDFC	Financial	1.83
    Balkrishna Industries	Automobile	1.81
    Kansai Nerolac Paints	Chemicals	1.8
    Kotak Mahindra Bank	Financial	1.77
    Indian Energy Exchange	Financial	1.6
    HDFC Life Insurance	Financial	1.59
    NTPC	Energy	1.58
    Gujarat State Petronet	Energy	1.58
    Havells India	Engineering	1.56

    The minimum lump sum investment in Mirae Asset Tax Saver Fund is ₹500 and for SIP also it is ₹500.

• Mirae Asset Focused Fund

  • Investment Objective:

    The fund objective of the Mirae Asset Focused Fund is to provide long-term capital appreciation by investing in equity instruments of some well-researched companies across various market capitalization (large cap, mid-cap, and small-cap) through a focused approach.

  • Fund Details:

    The fund category is 'Multi-cap' under equity funds with an AUM of ₹3,120.18 Crores as on 31st July 2020. The scheme was launched on 14-May-2019. This Mirae Asset Mutual Fund NAV for the Direct Plan, Growth was ₹12.37 as on 27-Aug-2020 and the same for Regular Plan, Growth was ₹12.10. The fund has given a 17.95% average annualized return (CAGR) since inception. The benchmark for this scheme is the Nifty 200 TRI Index and the fund manager is Mr. Gaurav Misra

    The expense ratio of the Mirae Asset Focused Fund is 0.30 % for direct plans and the same for regular plans is 1.92%. There would be a 1% exit load applicable if you redeem within 365 days from the date of investment.

    Mirae Asset Focused Fund mainly invests in the energy, financial, and technology sectors. Here is the detailed table on holding for this scheme.

    The portfolio holdings as on 31st July 2020 is:

    Company	Sector	% of Total AUM
    Reliance Industries	Energy	10.13
    HDFC Bank	Financial	8.84
    Infosys	Technology	7.79
    ICICI Bank	Financial	6.76
    Maruti Suzuki India	Automobile	3.72
    L&T Infotech	Technology	3.34
    Britannia Inds.	FMCG	3.21
    Syngene International	Healthcare	3.1
    HDFC Life Insurance	Financial	2.98
    JK Cement	Construction	2.87
    Voltas	Cons Durable	2.82
    Larsen & Toubro	Construction	2.81
    Max Financial Services	Financial	2.77
    Bharat Electronics	Engineering	2.69
    Bajaj Finance	Financial	2.69
    Kansai Nerolac Paints	Chemicals	2.67
    Dabur India	FMCG	2.65
    Eicher Motors	Automobile	2.58
    HPCL	Energy	2.3
    Gujarat State Petronet	Energy	2.25
    Torrent Pharmaceuticals	Healthcare	2.17
    State Bank of India	Financial	2.15
    SKF India	Engineering	1.82
    Cholamandalam Invest. & Fin.	Financial	1.78
    Indian Energy Exchange	Financial	1.71

    The minimum lump sum investment in Mirae Asset Focused Fund is ₹5,000 and for SIP it is ₹1,000.

• Mirae Asset Hybrid Equity Fund

  • Investment Objective:

    The fund objective of the Mirae Asset Hybrid Equity Fund is to provide the benefit of diversification along with capital growth and income generation by investing in an ideal mix of equity (65% to 80%), debt (20%-35%) and in REITs (0%-10%)

  • Fund Details:

    The fund category is 'Aggressive Hybrid' funds with an AUM of ₹3,608.79 Crores as on 31st July 2020. The scheme was launched on 29-Jul-2015.This Mirae Asset Mutual Fund NAV for the Direct Plan, Growth was ₹17.04 as on 27-Aug-2020 and the same for Regular Plan, Growth was ₹15.63. The fund has given an 11.06% average annualized return (CAGR) since inception. The benchmark for this scheme is CRISIL Hybrid 35+65 Aggressive Index and the fund managers are Mr. Neelesh Surana, Mr. Vrijesh Kasera, Mr. Harshad Borawake, and Mr. Mahendra Jajoo.

    The expense ratio of the Mirae Asset Hybrid Equity Fund is 0.40 % for direct plans and the same for regular plans is 1.86%. There would be a 1% exit load applicable if you redeem within 365 days from the date of investment.

    Mirae Asset Hybrid Equity Fund mainly invests in the energy, financial and technology sectors. Here is the detailed table on holding for this scheme.

    The portfolio holdings as on 31st July 2020 is:

    Company	Sector	% of Total AUM
    Reliance Industries	Energy	7.71
    HDFC Bank	Financial	6
    Infosys	Technology	4.57
    ICICI Bank	Financial	3.88
    Tata Consultancy Services	Technology	3.85
    Axis Bank	Financial	2.9
    ITC	FMCG	2.83
    State Bank of India	Financial	2.68
    Larsen & Toubro	Construction	2.58
    Mirae Asset Nifty 50 ETF Reg-G	Financial	1.84
    Maruti Suzuki India	Automobile	1.79
    HDFC	Financial	1.74
    NTPC	Energy	1.62
    Bharti Airtel	Communication	1.56
    SBI Life Insurance Company	Financial	1.54
    Hindustan Unilever	FMCG	1.39
    HDFC Life Insurance	Financial	1.34
    Sun Pharmaceutical Inds.	Healthcare	1.31
    Tata Consumer Products	FMCG	1.23
    Max Financial Services	Financial	1.18
    Power Finance Corp.	Financial	1.16
    Aurobindo Pharma	Healthcare	1.13
    Voltas	Cons Durable	1.12
    HPCL	Energy	1.12
    Bharat Electronics	Engineering	0.97

  • Debt Holdings:

    Company	Instrument	% of Total AUM
    6.45% GOI 2029	GOI Securities	5.75
    5.79% GOI 2030	GOI Securities	5.06
    2.60% Deutsche Bank 2020	Fixed Deposits	4.12
    Reliance Jio Infocomm 91-D 05/08/2020	Commercial Paper	2.06
    7.27% GOI 2026	GOI Securities	1.79
    6.19% GOI 16/09/2034	GOI Securities	1.65
    Muthoot Finance 19/04/2023	Bonds/Debentures	0.76
    9.75% Muthoot Finance 27/02/2023	Debenture	0.71
    ICICI Bank 18/12/2020	Certificate of Deposit	0.68
    5.22% GOI 15/06/2025	GOI Securities	0.55
    7.74% Tamilnadu State 22/02/2024	State Development Loan	0.29
    7.70% REC 2027	Non Convertible Debenture	0.29
    8.90% Aadhar Housing Finance 26/03/2021	Debenture	0.28
    Edelweiss Rural & Corporate Services 15/04/2021	Deep Discount Bonds	0.23
    9.19% Indostar Capital Finance 27/03/2021	Debenture	0.16
    8.05% NTPC 2026	Bonds	0.15
    7.57% GOI 17/06/2033	GOI Securities	0.15
    7.55% REC 26/09/2023	Debenture	0.15
    7.55% REC 26/09/2022	Debenture	0.14
    7.60% LIC Housing Fin. 22/11/2022	Debenture	0.14
    7.45% LIC Housing Fin. 17/10/2022	Debenture	0.14
    7.43% HDB Financial Services 28/09/2020	Debenture	0.08
    8.60% LIC Housing Fin. 14/01/2022	Debenture	0.07
    7.90% Piramal Enterprises 14/09/2020	Bonds	0.07
    8.92% L&T Finance 2021	Debenture	0.07

    The minimum lump sum investment in Mirae Asset Hybrid Equity Fund is ₹5,000 and for SIP it is ₹1,000.

To know more about our Mirae Asset Mutual Fund schemes, an investor can contact at:

In order to invest in Mirae Asset Mutual Fund online as an investor, you can simply log on to the ET Money website or the ET Money Application on your smart-phone. The ET Money Platform gives a "Zero Commission" charge investment opportunity to all the investors and is a one-stop investment solution. Thus, you can also explore all the funds based on the multiple categories, your risk profile, asset allocation as well as investment tenure, and objective. You can check the details related to funds such as risk, return, and performance consistency before investing.

Mirae Asset Mutual Fund online investment can be easily done via ET Money. You can find a fund of your choice under 'MF by Category'. Further, you can choose funds under multiple categories with subcategories based on 'Market capitalization', 'Diversification', 'Sector & Theme' or 'Solution' (eg.ELSS). Then you can choose the Mirae Asset SIP or Lumpsum online to proceed. The Funds display the Current NAV and the Return % p.a. in the most accessible manner.

You can use the filter option to choose Mirae Asset SIP or Lumpsum investment using - 'Value research rating', 'Risk Rating', 'Consistency', and 'Fund Size'.

Mirae Asset Mutual Fund's fund management team has highly qualified and skilled professionals who derive their investment strategy based on extensive market research to provide the best investment solutions to the investors in each category. Some of the key people involved in managing Mirae Asset Mutual Fund schemes are -

• Mr. Neelesh Surana:

  Chief Investment Officer (CIO) - Equity

  Mr. Neelesh Surana joined Mirae Asset in 2008. With 24 years of vast experience in equity research and portfolio management space, Mr. Surana leads the research and fund management function at Mirae Asset. He is an engineer with an MBA in Finance.

• Mr. Gaurav Misra:

  Senior Fund Manager - Equity

  Mr. Gaurav Misra has over 23 years of experience in the Institutional and Private Equity space. Prior to joining Mirae Asset in 2019, Mr. Misra has worked with ASK Investment Managers Private Limited for a long period of 14 years. He holds an MBA degree from IIM Lucknow and BA Economics (Hons) from St. Stephen's College, Delhi.

• Mr. Harshad Borawake:

  Head of Research - Equity

  Mr. Harshad has an overall experience of more than 15 years across the financial industry and also Oil & Gas, Logistics, and Aviation. Prior to joining Mirae in 2016, Mr. Harshad has worked with Motilal Oswal Securities as Vice President (Research) and Capmetrics & Risk Solutions as Research Analyst - Equity. He is an engineer and holds an MBA degree in Finance.

• Mr. Mahendra Kumar Jajoo:

  Chief Investment Officer (CIO) - Fixed Income

  Mr. Mahendra Kumar Jajoo has a rich experience of over 25 years in the field of financial services and fixed-income funds management. Mr. Mahendra Kumar is supervising all the debt schemes of the Mirae Mutual Funds and also manages some of the key funds like Mirae Asset Savings Fund, Mirae Asset Cash Management Fund, and Mirae Asset Dynamic Bond fund.

• Mr. Ankit Jain:

  Associate Fund Manager - Equity

  Mr. Ankit Jain has over 8 years of experience in equity research and portfolio management. Mr. Jain joined Mirae Mutual Funds in 2015 as an equity analyst and is now responsible for managing many equity mutual funds. He is an engineering graduate with an MBA in Finance.