Mirae Asset Mutual Fund: Latest MF Schemes, NAV, Performance & Returns 2024
Introduction
Mirae Asset, with its roots in Seoul, South Korea, is a powerhouse in the world of finance. This company, which began its journey in 1997 amidst the tumult of an Asian financial crisis, has since become a beacon of prudent investment across the globe. Its investment arm, Mirae Asset Global Investments, quickly gained a foothold in the Korean market before setting its sights on broader horizons.
The founder, Hyeon Joo Park, had the foresight to democratize mutual funds in Korea, introducing them to everyday investors for the first time in 1998. From there, Mirae Asset didn’t look back, spreading its wings internationally with an office in Hong Kong in 2003, eventually marking its presence across continents — a testament to its global ethos and growth-driven spirit.
Mirae Asset’s trajectory is marked by a series of pioneering moves. Notably, it launched Korea’s first-ever international investment fund and later expanded into the Indian and British markets. Its expansion continued into the U.S. and Brazil, and even into China’s tightly-knit financial fabric, setting up a joint venture as the sole Korean company to do so.
In India, Mirae Asset laid down its investment roots in 2007, building on its earlier forays into the market as a foreign investor. Today, it boasts a robust portfolio of over Rs. 100,908.71 Crore, managed across 38 diverse schemes, reflecting its rapid ascent in one of the world’s most dynamic economies.
Mirae Asset’s philosophy is simple yet profound: maintain open lines of communication with clients, prioritizing their future and nurturing the trust they’ve placed in the company. It’s an approach that has seen them grow their folio count from just over 50,000 to more than 11 lakh within five years — a clear indication of their commitment to innovation and societal betterment.
As of September 30, 2023, Mirae Asset Global Investments oversees a staggering $212 billion in assets under management. With a network spanning 19 markets, over 300 investment professionals, and a clientele distributed across 58+ countries, Mirae Asset doesn’t just manage wealth — it shapes futures with a keen eye on sustainability and competitiveness.
Their business philosophy is etched in the idea of being a ‘Permanent Innovator’ — always on the lookout for new investment opportunities. Their diversified platform is not just a testament to their global scope but also to their ability to adapt and deliver across active, passive, and alternative investment spectrums.
At Mirae Asset, the core values of placing clients first, upholding objectivity, fostering teamwork, and citizenship guide every decision. This client-centric approach, combined with objective assessment and collaborative decision-making, cements their position as a respected entity in the financial world.
Mirae Asset’s milestones from its venture capital beginnings to its global reach today speak volumes about its evolution. As it navigates the future, Mirae Asset remains dedicated to identifying sustainable company competitiveness, investing with a long-term perspective, valuing teamwork, and balancing investment risks with expected returns.
Top Mirae Asset Mutual Fund Leading MF Schemes 2024
| Scheme Name (Direct Plan) | Crisil Rank | Category | Equity Allocation (%) | 3-Year CAGR | 1-Year Return | AUM (Cr.) | Investment Focus |
|---|---|---|---|---|---|---|---|
| Mirae Asset Large Cap Fund – Growth | 5★ | Large Cap | 65-80% | 21.4% | 24.2% | 27,797.27 | Stable growth & capital appreciation |
| Mirae Asset Emerging Bluechip Fund | 4★ | Large & Mid Cap | 65-80% | 24.5% | 29.0% | 8,020.74 | High growth potential in emerging large-caps |
| Mirae Asset Flexi Cap Fund | 4★ | Flexi Cap | 65-85% | 21.9% | 25.5% | 12,822.37 | Dynamic asset allocation across caps |
| Mirae Asset Midcap Fund | 4★ | Mid Cap | 65-80% | 26.2% | 32.1% | 12,309.90 | High growth in mid-cap companies |
| Mirae Asset Small Cap Fund | 4★ | Small Cap | 65-80% | 29.8% | 36.9% | 5,740.85 | Highest growth potential & highest risk |
| Mirae Asset Hybrid Equity Fund | 4★ | Equity-Oriented Hybrid | 65-80% | 16.9% | 20.1% | 12,780.20 | Capital appreciation & income through balanced approach |
| Mirae Asset Balanced Advantage Fund | 4★ | Balanced Hybrid | 35-65% | 15.1% | 15.1% | 4,061.09 | Moderate equity & debt mix for stability & growth |
| Mirae Asset Equity Opportunities Fund | 4★ | Aggressive Hybrid | 65-80% | 15.9% | 19.7% | 2,907.42 | Higher equity exposure for capital appreciation with some risk mitigation |
| Mirae Asset Ultra Short Duration Bond Fund | 4★ | Ultra Short-term Debt | 80-100% | 4.8% | 4.1% | 8,652.30 | Low risk & steady income |
| Mirae Asset Corporate Debt Short Duration Fund | 4★ | Short-term Debt | 80-100% | 7.3% | 8.4% | 7,613.57 | Moderate risk & potentially higher returns |
Key information
| Information | Details |
|---|---|
| Mutual fund name | Mirae Asset Mutual Fund |
| Asset management company name | Mirae Asset Global Investments Co. Ltd. |
| AMC Setup Date | 30 November 2007 |
| AMC Incorporation Date | 20 November 2006 |
| Sponsor name | Mirae Asset Global Investments Co. Ltd. |
| Trustee organisation | Mirae Asset Trustee Company Pvt. Ltd. |
| MD and CEO | Swarup Mohanty |
| CIO | Neelesh Surana |
| Compliance Officer | Ritesh Patel |
| Investor Service Officer | Girish Dhanani |
| Total AUM (as of end of last quarter) | Rs. 100,908.71 Crore |
Overview of Top Mirae Asset Mutual Fund Schemes 2024
Mirae Asset Large Cap Fund – Growth:
This fund is focused on providing stable growth and capital appreciation by primarily investing in large-cap companies. Large-cap companies are usually well-established players in their industries, making them potentially less volatile and a safe bet for long-term wealth creation. With a strong track record of growth, this fund may be suited for investors looking for a balance between risk and return.
Mirae Asset Emerging Bluechip Fund:
Targeting emerging large-cap companies—those poised to become tomorrow’s market leaders—this fund offers a mix of stability and higher growth potential. It’s an attractive choice for investors who are looking for something more aggressive than a pure large-cap fund but with moderated risk levels.
Mirae Asset Flexi Cap Fund:
This scheme offers the flexibility to invest across companies of different market capitalizations, depending on the prevailing market conditions. This dynamic asset allocation aims to maximize returns while managing risks, suitable for investors with varying risk profiles.
Mirae Asset Midcap Fund:
Focused on mid-cap companies, which are smaller than large-caps but larger than small-caps, this fund seeks to capitalize on the high growth potential of these companies. The fund can be more volatile than large-cap funds but offers higher growth potential, making it suitable for moderately aggressive investors.
Mirae Asset Small Cap Fund:
With investments in small-cap companies, this fund has the highest risk but also offers the highest growth potential. It’s designed for investors with a high risk tolerance and a long-term investment horizon, aiming for aggressive capital appreciation.
Mirae Asset Hybrid Equity Fund:
This equity-oriented hybrid fund aims for capital appreciation with a balanced approach by investing in a mix of equities and debt. The debt component provides income and stability, making it a fit for moderate investors who also want some growth potential.
Mirae Asset Balanced Advantage Fund:
This fund maintains a balance between equity and debt investments, adjusting the mix as market conditions change. It aims to offer stability and growth to moderate risk investors who are looking for a diversified portfolio.
Mirae Asset Equity Opportunities Fund:
Targeting capital appreciation, this aggressive hybrid fund invests in a higher proportion of equities with some debt for risk mitigation. It’s suitable for investors who are slightly more risk-tolerant and are aiming for growth.
Mirae Asset Ultra Short Duration Bond Fund:
This fund invests in high-quality short-term debt instruments. It’s designed for conservative investors looking for capital preservation and steady income with minimal risk.
Mirae Asset Corporate Debt Short Duration Fund:
By investing in corporate bonds, this fund seeks to offer moderate risk investors potentially higher returns than those provided by government bonds. It’s suitable for investors looking to step slightly above the risk profile of government securities while still maintaining a conservative approach.
Fund Categories
Top Mirae Asset Equity Mutual Funds 2024
| Scheme Name (Direct Plan) | Crisil Rank | Category | Equity Allocation (%) | 3-Year CAGR | 1-Year Return | AUM (Cr.) | Investment Focus | Additional Details |
|---|---|---|---|---|---|---|---|---|
| Mirae Asset Large Cap Fund – Growth | 5★ | Large Cap | 65-80% | 21.4% | 24.2% | 27,797.27 | Stable growth & capital appreciation | Invests in established large-cap companies for long-term wealth creation with low volatility. |
| Mirae Asset Emerging Bluechip Fund | 4★ | Large & Mid Cap | 65-80% | 24.5% | 29.0% | 8,020.74 | High growth potential in emerging large-caps | Offers higher growth potential than pure large-cap funds with moderate risk through focus on companies poised to join the large-cap league. |
| Mirae Asset Flexi Cap Fund | 4★ | Flexi Cap | 65-85% | 21.9% | 25.5% | 12,822.37 | Dynamic asset allocation across caps | Caters to various risk appetites through flexible equity allocation (across large, mid, and small caps) based on market conditions. |
| Mirae Asset Midcap Fund | 4★ | Mid Cap | 65-80% | 26.2% | 32.1% | 12,309.90 | High growth in mid-cap companies | Invests in promising mid-cap companies with high growth potential, offering potentially higher returns but with higher risk compared to large-caps. |
| Mirae Asset Small Cap Fund | 4★ | Small Cap | 65-80% | 29.8% | 36.9% | 5,740.85 | Highest growth potential & highest risk | Offers aggressive capital appreciation opportunity for investors with high risk tolerance through focus on high-growth, small-cap companies. |
Top Mirae Asset Debt Mutual Funds 2024
| Fund Name | Category | Expense Ratio (%) | 1Y Return (%) | 3Y Return (%) | 5Y Return (%) | Risk-Return Ratio | Investment Horizon |
|---|---|---|---|---|---|---|---|
| Mirae Asset Ultra Short Bond Fund | Ultra Short Debt Fund | 0.68 | 4.51 | 5.28 | 6.10 | Low | Up to 3 months |
| Mirae Asset Regular Savings Fund | Short Duration Debt Fund | 0.76 | 5.63 | 6.32 | 7.04 | Moderate | 3-6 months |
| Mirae Asset Cash Management Fund | Money Market Fund | 0.50 | 3.82 | 4.75 | 5.32 | Very Low | Up to 3 months |
| Mirae Asset Corporate Bond Fund | Corporate Bond Fund | 0.80 | 8.24 | 10.15 | 11.82 | Moderate | 1-3 years |
| Mirae Asset Banking & PSU Debt Fund | Banking & PSU Debt Fund | 0.78 | 7.92 | 9.08 | 10.47 | Moderate | 1-3 years |
| Mirae Asset Dynamic Bond Fund | Dynamic Bond Fund | 0.95 | 7.14 | 8.76 | 10.11 | Moderately High | 3-5 years |
| Mirae Asset Long Term Bond Fund | Long Duration Debt Fund | 1.02 | 6.23 | 7.82 | 9.21 | High | 5+ years |
Top Mirae Asset Hybrid Mutual Funds 2024
| Fund Name | Category | Expense Ratio (%) | 1Y Return (%) | 3Y Return (%) | 5Y Return (%) | Risk-Return Ratio | Investment Horizon |
|---|---|---|---|---|---|---|---|
| Mirae Asset Hybrid Equity Fund – Aggressive (G) | Aggressive Hybrid Fund | 1.03 | 27.41 | 26.58 | 16.90 | High | 5+ years |
| Mirae Asset Hybrid Equity Fund – Balanced (G) | Balanced Hybrid Fund | 1.03 | 16.73 | 18.50 | 13.58 | Moderate | 3-5 years |
| Mirae Asset Hybrid Equity Fund – Conservative (G) | Conservative Hybrid Fund | 1.03 | 12.54 | 15.37 | 12.26 | Moderate | 1-3 years |
| Mirae Asset Flexible Hybrid Equity Fund | Flexible Hybrid Fund | 1.06 | 11.06 | 15.33 | 14.33 | Moderately High | 3-5 years |
| Mirae Asset Equity Savings Fund | Equity Savings Fund | 1.00 | 10.46 | 13.70 | 13.12 | Moderate | 1-3 years |
Top Fund Managers
Swarup Mohanty:
Swarup is the big boss at Mirae Asset’s India operations. Think of him as the captain of a cricket team, making sure every player is at their best. He’s been around since 2011, starting as the sales head before climbing up to the CEO’s chair in 2016. Swarup’s journey began at Tata Finance in the mid-’90s, and he has since gathered a wealth of experience across various investment firms before joining Mirae Asset. His academic background includes a commerce degree and a postgraduate diploma in finance, equipping him with the necessary skills to lead the team.
Neelesh Surana:
Neelesh is the mastermind behind the investment strategies at Mirae Asset. He’s the one who decides how to invest the money that people have trusted the company with. His job is a bit like a chef in a five-star hotel, making sure every dish (or investment) turns out perfect. Before becoming the Chief Investment Officer, Neelesh honed his skills managing the equity team. He has an impressive track record, with his investment recipes delivering some delicious returns, sometimes as high as 29%!
Mahendra Kumar Jajoo:
With a quarter-century of experience, Mahendra is the go-to guy for investments that are less risky than stocks—things like government or corporate bonds. He’s a chartered accountant and a chartered financial analyst, which means he’s really good with numbers and making smart investment choices. He’s like the guardian of the treasury, taking care of 21 different investment plans with a keen eye.
Krishna Kanhaiya:
Krishna is the money manager at Mirae Asset. He’s been with the company since it set foot in India and has played a bunch of roles, from managing money to looking after the office’s day-to-day needs. Since 2019, he’s been the Chief Financial Officer, meaning he keeps a close watch on the company’s purse strings. Before Mirae Asset, Krishna sharpened his skills at various companies. He’s also a chartered accountant, which means he’s super qualified to handle the company’s finances.
Who Should Invest in Mirae Asset Mutual Fund?
Mirae Asset Mutual Fund offers a range of investment options that cater to a variety of investors, each with different financial goals and risk tolerances. Here’s a guide to help determine if investing in Mirae Asset Mutual Fund is right for you:
- Long-term Investors: If you’re aiming for long-term goals like retirement savings, children’s education, or buying a house, the equity-oriented funds of Mirae Asset can be a good fit. They are designed to offer potential growth over time, with the understanding that you’re in it for the long haul and can ride out the ups and downs of the market.
- Risk-takers Looking for Growth: If you’re comfortable with taking on more risk for the possibility of higher returns, the mid-cap and small-cap funds of Mirae Asset are tailored for such growth-seeking investors. These funds invest in companies with high growth potential, which could mean bigger gains (and losses).
- Moderate Investors: Those who prefer a balanced approach to investing might consider Mirae Asset’s hybrid funds. These mix stocks and bonds to offer a middle ground between growth and stability, which can be a prudent choice for those who want to grow their money but with a cushion against market volatility.
- Conservative Investors: If preserving your capital is as important to you as earning returns, and you’re wary of market fluctuations, the debt funds and ultra-short duration funds from Mirae Asset provide lower-risk options. These funds invest in government securities and high-grade corporate bonds, aiming for stable returns and safety of principal.
- Investors Seeking Specific Financial Objectives: Mirae Asset also offers solution-oriented schemes like retirement funds or children’s growth funds that are structured to meet specific financial objectives, supporting a strategic approach to achieving particular life goals.
- First-time Investors: New investors starting their investment journey can also consider Mirae Asset’s large-cap or balanced advantage funds, which can offer a relatively stable introduction to the mutual fund world.
- Tax-saving Investors: For those looking to save on taxes, Mirae Asset offers Equity Linked Savings Schemes (ELSS), which not only provide the potential for growth but also tax benefits under Section 80C of the Income Tax Act.
FAQs
Is Mirae Asset a trustworthy place to invest my money?
Yes, Mirae Asset is a well-respected global financial firm originating from South Korea. Since 1997, they’ve been making investment opportunities accessible to people all over the world, including India, where they manage over Rs. 100,908.71 Crore across different schemes.
What kind of returns can I expect from Mirae Asset Mutual Funds?
Returns on mutual funds can vary, but Mirae Asset has shown strong performance. For example, the Mirae Asset Emerging Bluechip Fund has seen a 22.5% return over one year. It’s important to remember that all investments carry risk, and past performance isn’t always indicative of future results.
Can I easily withdraw my money from Mirae Asset Mutual Funds?
Yes, you can redeem your mutual fund units whenever you need to. Mirae Asset offers an online platform for easy transactions. However, some funds may have exit loads or lock-in periods, so it’s good to check the specific terms of your investment.
How do Mirae Asset Mutual Funds fare against fixed deposits?
Mutual funds can offer higher returns compared to fixed deposits (FDs) and have the potential for wealth creation over the long term. However, unlike FDs, mutual funds come with varying levels of risk depending on the fund’s investment portfolio.
Are there any tax-saving options with Mirae Asset Mutual Funds?
Yes, Mirae Asset provides options like Equity Linked Savings Schemes (ELSS), which can offer tax benefits under Section 80C of the Income Tax Act, along with the potential for growth.
What makes Mirae Asset stand out in the market?
Mirae Asset is known for being a ‘Permanent Innovator’ in the financial space. They are constantly seeking new investment opportunities and offer a diversified range of funds suitable for different investor profiles.
What kind of investor should consider Mirae Asset Mutual Funds?
Mirae Asset has funds for every type of investor, from conservative ones who prefer stability to aggressive investors seeking high growth. They also cater to specific goals like retirement or saving for children’s education.
How does Mirae Asset maintain its global presence?
With a philosophy of prioritizing client communication and nurturing trust, Mirae Asset has grown its presence to 19 markets globally, managing a vast network of investments and catering to a wide client base.
Who leads the investment strategies at Mirae Asset?
The investment strategies at Mirae Asset are led by experienced fund managers like Mr. Neelesh Surana, who has a strong track record of managing funds that have consistently outperformed their peers.
If I’m new to investing, should I start with Mirae Asset Mutual Funds?
Mirae Asset offers several funds that are suitable for beginners. These include large-cap and balanced funds that provide a more stable introduction to the mutual fund world.
Ganesh Kumar
https://finplay.in/Mutual Fund Expert and Stock Market Enthusiast. Indian Stock Markets to the Moon 🚀