Mirae Asset India, recognised as one of the fastest-growing AMCs in India, began in 2007. Mirae Asset Global Investments (India) Private Limited Mutual Fund operations started in 2008 in India. Mirae Asset Investment Managers (India) Pvt. Ltd. is the ultimate subsidiary of Mirae Asset Global Investments, which has earned people's trust worldwide over the years. Mirae Asset India is driven to provide innovative investment solutions and help clients construct portfolios. Currently, it is managing 61 schemes.
Mirae Asset Global Investments (India) Private Limited transferred its asset management business to its completely owned subsidiary, Mirae Asset Investment Managers (India) Private Limited, effective January 1, 2020. This is part of an internal restructuring of the company. As of Jan 2025, the assets under management (AUM) of Mirae Asset Mutual Fund were around ₹192496 Cr, while Folios was 70+ lakhs.
Key Information About Mirae Asset Mutual Fund
How to Invest in the Mirae Asset Mutual Fund
Investing in the best Mirae Asset Mutual Funds can be a complex process. To make it easier, here is a step-by-step guide:
1. Choose Your Mutual Fund Type
According to your risk tolerance (low, mid, or high) and financial goals, choose your mutual types, such as equity, debt, hybrid, index, and sector funds.
2. Select a Mutual Fund Scheme
After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred Mirae Asset Fund.
3. Login or Open a Demat Account
Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.
4. Complete KYC (Know Your Customer) Requirements
The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the instructions in the app to complete this step smoothly.
5. Select Investment Mode (SIP or lumpsum)
If you prefer regular, disciplined investing, you can set-up a systematic investment plan (SIP), which is periodic (monthly, quarterly, etc.). Alternatively, if you have a large amount to invest, you can make a lump-sum investment. Select the investment period of your choice.
6. Confirm and Track Your Investment
After setting up your investment, sit back and watch your money grow. The Stack Wealth app will provide regular updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.
List of Best Mirae Asset Mutual Funds in India
Here is the list of some of the best Mirae Asset Mutual Funds in India:
* All data as of 31st Jan 2025 (Monthly Average AUM)
Detailed Overview of Mirae Asset Mutual Fund Schemes
Now, let’s discuss these 10 Mirae Asset Mutual Fund schemes in detail:
1. Mirae Asset ELSS Tax Saver Fund-Regular-Growth Plan
Mirae Asset ELSS Tax Saver Fund, previously known as Mirae Asset Tax Saver Fund, is an open-ended equity-linked saving scheme investing predominantly in equity and equity-related instruments with a 3-year lock in providing tax benefit and capital growth.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 11.5% and 17.5%, respectively.
- Minimum Investment Amount: The minimum lump sum for the Mirae Asset ELSS Tax Saver Fund is ₹500, and for SIP, it is ₹500.
2. Mirae Asset Liquid Fund-Regular-Growth Plan
Mirae Asset Liquid Fund is an open-ended liquid scheme that predominantly Invests in the money market and debt securities. It has a relatively low interest rate and moderate credit risk.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.49% and 5.35%, respectively.
- Minimum Investment Amount: The minimum lump sum for the Mirae Asset Liquid Fund is ₹5000, and for SIP, it is ₹99, minimum 5 in case of the Monthly / Quarterly option.
3. Mirae Asset Aggressive Hybrid Fund-Regular-Growth Plan
Mirae Asset Aggressive Hybrid Fund is an open-ended hybrid scheme that invests predominantly in equity and equity-related instruments and a little in fixed-income instruments.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 10.70% and 13.94%, respectively.
- Minimum Investment Amount: The minimum lump sum for the Mirae Asset Aggressive Hybrid Fund is ₹5000, and for SIP, it is ₹99, minimum of 5 in case of the Monthly / Quarterly option.
4. Mirae Asset Great Consumer Fund-Regular-Growth Plan
Mirae Asset Great Consumer Fund is an open-ended equity scheme and Sectoral/Thematic Fund with a consumption theme. It invests in companies that benefit directly or indirectly from consumption-led demand.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 15.6% and 17%, respectively.
- Minimum Investment Amount: The minimum lump sum for the Mirae Asset Great Consumer Fund is ₹5000, and for SIP, it is ₹99, minimum 5 in case of the Monthly / Quarterly option.
5. Mirae Asset Corporate Bond Fund-Regular-Growth Plan
Mirae Asset Corporate Bond Fund is an open-ended debt scheme that predominantly invests in AA+ and above-rated corporate bonds with relatively high interest rates and moderate credit risk.
- Fund Performance: The fund's annualized returns for the past three years and since inception have been around 5.82% and 5.46%, respectively.
- Minimum Investment Amount: The minimum lump sum for the Mirae Asset Corporate Bond Fund is ₹5000, and for SIP, it is ₹99, minimum 5 in case of the Monthly / Quarterly option.
6. Mirae Asset Arbitrage Fund-Regular-Growth Plan
Mirae Asset Arbitrage Fund is an open-ended scheme that invests in arbitrage opportunities in the equity markets’ cash and derivative segments. It also invests in the derivative segment, with the remaining is invested in debt and money market instruments.
- Fund Performance: The fund's annualized returns for the past three and since inception have been around 6.31% and 5.30%, respectively.
- Minimum Investment Amount: The minimum lump sum for the Mirae Asset Arbitrage Fund is ₹5000, and for SIP, it is ₹99, minimum 5 in case of the Monthly / Quarterly option.
7. Mirae Asset Healthcare Fund-Regular-Growth Plan
Mirae Asset Healthcare Fund is an open-ended equity scheme that invests in healthcare and related sectors. At least 80% of the scheme's investments are in Pharmaceuticals, Healthcare, and associated sectors.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 17.60% and 26%, respectively.
- Minimum Investment Amount: The minimum lump sum for the Mirae Asset Healthcare Fund is ₹5000, and for SIP, it is ₹99, minimum 5 in case of the Monthly / Quarterly option.
8. Mirae Asset Money Market Fund-Regular-Growth Plan
Mirae Asset Money Market Fund is an open-ended debt scheme that invests in money market securities with a maturity of up to one year. It has a relatively low interest rate and moderate credit risk.
- Fund Performance: The fund's annualized returns for the past three and since inception have been around 6.31% and 5.87%, respectively.
- Minimum Investment Amount: The minimum lump sum for the Mirae Asset Money Market Fund is ₹5000, and for SIP, it is ₹99, minimum 5 in case of the Monthly / Quarterly option.
9. Mirae Asset Multi Asset Allocation Fund-Regular-Growth Plan
Mirae Asset Multi Asset Allocation Fund is an open-ended scheme that invests in equity, debt, money market instruments, Gold ETFs, Silver ETFs, and exchange-traded commodity derivatives.
- Fund Performance: The fund's annualized returns for the past one and since inception have been around 11.80% and 11.77%, respectively.
- Minimum Investment Amount: The minimum lump sum for the Mirae Asset Multi Asset Allocation Fund is ₹5000, and for SIP, it is ₹99, minimum 5 in case of the Monthly / Quarterly option.
10. Mirae Asset Banking and Financial Services Fund-Regular-Growth Plan
Mirae Asset Banking and Financial Services Fund is an open-ended equity scheme investing primarily in equity and equity-related instruments of banking and financial services companies.
- Fund Performance: The fund's annualized returns for the past three and since inception have been around 12.20% and 14.93%, respectively.
- Minimum Investment Amount: The minimum lump sum for the Mirae Asset Banking and Financial Services Fund is ₹5000, and for SIP, it is ₹99, minimum 5 in case of the Monthly / Quarterly option.
Top Fund Managers
Below is the list of people who have made Mirae Asset Mutual Fund Investment a standout choice in a highly competitive market.
1. Mr. Neelesh Surana
Mr. Neelesh Surana joined Mirae Asset in 2008 and is now the Chief Investment Officer (CIO) at Mirae Asset Investment Managers (India) Private Limited. He has over 32 years of experience in equity research and portfolio management and directs the endeavour's research and fund management functions.
2. Mr. Jignesh N. Rao
Mr. Jignesh N Rao is the Head of Dealer and Co. and a fund manager with more than 20 years of experience in Equity trading. Before this, he was an equity dealer at Motilal Oswal Asset Management Company Ltd.
3. Mr. Gaurav Misra
Mr. Gaurav Misra is the head of equity. He has over 28 years of experience in investment management and equity research. Previously, he was a Sr. Portfolio Manager at ASK Investment Managers Ltd.
4. Mr. Siddhant Chhabria
Mr. Siddhant Chhabria joined Mirae AMC in December 2019. He is an equity research analyst and co-fund manager at Mirae Asset Investment Managers (India) Private Limited, covering the consumer discretionary sector. He has more than 8 years of professional experience. Previously, he was associated with HDFC Securities and Crisil Limited.
5. Mr. Ankit Jain
Mr. Ankit Jain has been associated with the Mirae AMC as a Research Analyst since September 7, 2015. He was previously associated with Infosys Limited and Equirus Securities Pvt Limited. He has relevant experience of over 12 years, and his primary responsibility includes Investment Analysis & Fund Management.
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