Mirae Asset Mutual Fund

Headquartered in Seoul, South Korea, Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time. Today, Mirae Asset Mutual Fund has its presence in 14 countries spread across 5 continents. From the USA to Europe and India, Mirae Asset has been helping people invest prudently through their asset management company.

Originating in the backdrop of the Asian currency crisis, Mirae Asset began cautiously, concentrating more on the Korean market initially. Founded by the visionary Hyeon Joo Park, Mirae Asset became the first AMC to present mutual funds to retail investors back in 1998.

After consolidating its presence in the South Korean market, Mirae Asset swiftly moved to capture the global market. The first straw was the establishment of their corporate office in Hong Kong in 2003. Today, Mirae Asset has a strong presence in India, Australia, Canada, Brazil, Indonesia, the USA, the UK and Vietnam, among others.

In its relatively short but decorated history, Mirae Asset Mutual Funds has reached several landmarks, previously unheard of from Korean AMCs. In 2005, they launched the first overseas investment in South Korea, the Mirae Asset Retirement Pension Fund. Just two years later, they launched their business in India and the UK.

The following year, they expanded to the USA and Brazil while winning accolades for being the largest investor in the emerging Asian markets. They even penetrated the traditionally closed Chinese market as they became the first and only Korean company to set up a joint venture AMC in the country, namely Mirae Asset Huachen Fund Management.

The Indian wing of the AMC, Mirae Asset Global Investments (India) Pvt. Ltd. was launched in the November of 2007, becoming only their second overseas branch after Hong Kong. Note that Mirae Asset has been present in the Indian market since 2004 as a foreign institutional investor, but they commenced domestic business only in 2008. Currently, they handle assets worth over Rs. 30,000 Crore spread across 38 schemes in India.

Mirae Asset is considered one of the fastest growing AMCs in India. From a meagre 51,304 folios in 2013, they ballooned to over 11 Lakh in 2018, in a matter of just 5 years.

Key information

Mutual fundMirae Asset Mutual Fund
Set up30 November 2007
Incorporated20 November 2006
SponsorsMirae Asset Global Investments Co. Ltd.
TrusteeMirae Asset Trustee Company Pvt. Ltd.
MD and CEOSwarup Mohanty
CIONeelesh Surana
Investor Service OfficerGirish Dhanani
Compliance OfficerRitesh Patel

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How can you invest in Mirae Asset Mutual Funds?

The investment procedure at Mirae Asset Mutual Funds is entirely online. You can invest in one or more of their schemes at any time and place of your convenience. The online process also makes it completely transparent, a business principle Mirae Asset strictly adheres to.

Given below is the step-by-step process of investing in Mirae Asset Mutual Funds online. Follow this simple procedure and invest according to your convenience.

Step 1: Visit the Groww website and log in to your account. If you are a new user, you need to register first.

Step 2: Upload your KYC documents to act as proof of identity. Any government issued identity card such as Voter ID, PAN, Aadhaar, Driving License, Passport, etc. shall suffice.

Step 3: Upload documents supporting your proof of address. Along with the documents mentioned above (except PAN), you can also use your Ration card or utility bills (electric bill, water bill, house rent documents, etc.) for the purpose.

Step 4: Choose a period you would be willing to invest for. It can be short term, mid-term or long term investment.

Step 5: Choose a level of risk you are willing to take on your investment. The available options are low, medium and high risks.

Step 6: From a list of available funds that match your intent, choose the Mirae Asset Mutual Fund you’d like to invest in.

Step 7: You can either choose ‘Invest One Time’ for a substantial one-time investment or ‘Start SIP’ for SIP investment.

By following these simple steps, you can easily invest in Mirae Asset Mutual Funds online from the convenience of your home. The entire process shouldn’t take any more than a few minutes. Once you are through with all the steps, your investment is registered. It shall reflect shortly on your Groww account.

Top Performing Mirae Asset Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Mirae Asset Tax Saver FundEquityModerately High-2.6%5star2,208
Mirae Asset Large Cap FundEquityModerately High-3.4%5star13,492
Mirae Asset Emerging Bluechip FundEquityModerately High-2.1%5star7,499
Mirae Asset Hybrid - Equity FundHybridModerately High0.8%5star2,297
Mirae Asset Focused FundEquityModerately HighN.A4star0
Mirae Asset Great Consumer FundEquityHigh-8.6%4star766
Mirae Asset Dynamic Bond FundDebtModerate14.9%4star34
Mirae Asset Cash Management FundDebtLow7.4%3star3,463
Mirae Asset Healthcare FundEquityHigh-6.5%3star334
Mirae Asset Savings FundDebtModerately Low7.3%2star572
Mirae Asset China Advantage FundOthersHigh-7.0%1star10
Mirae Asset Midcap FundEquityModerately HighN.Astar0
View All Top Performing Mirae Asset Mutual Funds

Top Fund Managers

1. Mr. Swarup Mohanty

Mr. Swarup Mohanty is the incumbent Chief Executive Officer of Mirae Asset Global Investments (India Pvt. Ltd.). He joined the firm in 2011 as the Head of Sales and was elevated to his current post in February 2016.

Mr. Mohanty comes with a treasure trove of experience in investment and equity markets, having worked in various capacities in this segment for over two decades. He started his career as the Head of Fixed Deposits at Tata Finance Ltd. back in 1996 before moving over to Kotak Mahindra AMC as their Head of North and Eastern Indian operations. He has also served brief stints at Birla Sun Life AMC and Franklin Templeton between 2007 and 2008. Immediately before joining Mirae Asset, he was employed with Religare AMC as the National Head of Sales.

Academically, Mr. Mohanty holds a B.Com degree from BJB College as well as PGDBM in Finance from Fore School of Management.

2. Mr. Neelesh Surana

Mr. Neelesh Surana is the Chief Investment Officer at Mirae Asset Global Investments (India) Ltd. He has been associated with the company for over a decade and has played a pivotal role in its ascent to the top. Before he was the Chief Investment Officer, Mr. Surana served as the Head of Equity at the firm.

As the company’s Chief Investment Officer, Mr. Suarana oversees the investment and equity research at the firm. Apart from managing the entire portfolio of funds, he is also responsible for liaising with global partners and providing them with research support for investments.

Mr. Surana has done both engineering and management courses from reputed educational institutions. Before joining Mirae Asset, Mr. Surana held the position of Senior Portfolio Manager at ASK Investment Managers Ltd.

At Mirae Asset, Mr. Surana manages 11 schemes with an estimated AuM of Rs. 24,380 Crore. He has been outperforming his peers for years with returns as high as 29%. Some of the funds that he manages include Mirae Asset Emerging Bluechip, Mirae Asset Tax Saver, Mirae Asset India Opportunities and Mirae Asset Large Cap Fund.

3. Mr. Mahendra Kumar Jajoo

Mr. Mahendra Kumar Jajoo is the Head of Fixed Income at Mirae Asset Global Investments (India) Pvt. Ltd., a post he has held for the last 3 years. The 25 years of experience that he brings to the table remains indispensable to the growth of the AMC.

Mr. Jajoo is a CA as well as CFA by qualification. He has almost 15 years of experience in the Fixed Income segment, having served as the Head of Fixed Income at multiple companies such as ABN AMRO, TAML, Prameria AMC, and MJ Investment Services.

At Mirae Asset Mutual Funds, Mr. Jajoo manages 21 schemes with a net AuM of Rs. 6,113 Crore. Some of the top performing funds under his management include Mirae Asset Cash Management Fund, Mirae Asset Savings Fund, and Mirae Asset Hybrid Equity Fund.

4. Mr. Krishna Kanhaiya

Mr. Krishna Kanhaiya has been with Mirae Asset Global Investments (India) since Day 1 and has served the company in various capacities. He is currently the Chief Financial Officer at the AMC, a post he has held since January 2019. Prior to this, he was the Deputy CFO for three and a half years and the Head of Accounts, Finance, Admin and IT for over 8 years before that. He is also a permanent Member of Board Directors since October 2017.

Before his long and fulfilling career at Mirae Asset, Mr. Kanhaiya has worked at various managerial posts in companies like DBS Cholamandalam AMC, Ispat Ind. Ltd., and Hindustan Engineering & Industries Ltd., to name a few.

A registered Chartered Accountant from the Institute of Chartered Accountants of India, Mr. Kanhaiya is one of the key decision makers in the AMC and has been instrumental in shaping its growth trajectory.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

Mirae Asset Tax Saver Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided 14.45% annualized returns in the last 3 years. In the last 1 year, it gave -2.65% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -2.65% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Equity mutual fund in India.

Launch Date27 Dec 2015
Min Investment AmtNaN
AUM2,208Cr
1Y Returns-2.6%

Mirae Asset Large Cap Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Large Cap segment and provided 10.96% annualized returns in the last 3 years. In the last 1 year, it gave -3.38% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -3.38% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Equity mutual fund in India.

Launch Date31 Dec 2012
Min Investment AmtNaN
AUM13,492Cr
1Y Returns-3.4%

Mirae Asset Emerging Bluechip Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Large & Mid Cap segment and provided 12.5% annualized returns in the last 3 years. In the last 1 year, it gave -2.06% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -2.06% returns in the last 1 year. . Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Equity mutual fund in India.

Launch Date31 Dec 2012
Min Investment AmtN.A
AUM7,499Cr
1Y Returns-2.1%

Mirae Asset Hybrid Equity Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Aggressive segment and provided 10.96% annualized returns in the last 3 years. In the last 1 year, it gave 0.81% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.81% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Hybrid mutual fund in India.

Launch Date28 Jul 2015
Min Investment AmtNaN
AUM2,297Cr
1Y Returns0.8%

Mirae Asset Focused Fund Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -100% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -100% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Equity mutual fund in India.

Launch Date13 May 2019
Min Investment AmtNaN
AUM0Cr
1Y Returns-100.0%

Mirae Asset Great Consumer Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 11.79% annualized returns in the last 3 years. In the last 1 year, it gave -8.6% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -8.6% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Equity mutual fund in India.

Launch Date31 Dec 2012
Min Investment AmtNaN
AUM766Cr
1Y Returns-8.6%

Mirae Asset Dynamic Bond Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Dynamic segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave 14.88% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 14.88% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Debt mutual fund in India.

Launch Date23 Mar 2017
Min Investment AmtNaN
AUM34Cr
1Y Returns14.9%

Mirae Asset Cash Management Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Liquid segment and provided 7.07% annualized returns in the last 3 years. In the last 1 year, it gave 7.37% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.37% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment AmtNaN
AUM3,463Cr
1Y Returns7.4%

Mirae Asset Healthcare Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -6.46% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -6.46% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Equity mutual fund in India.

Launch Date24 Jun 2018
Min Investment AmtNaN
AUM334Cr
1Y Returns-6.5%

Mirae Asset Savings Fund Direct Plan Growth

Fund Performance: This fund has consistently beaten its benchmark in Low Duration segment and provided 7.06% annualized returns in the last 3 years. In the last 1 year, it gave 7.34% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.34% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Debt mutual fund in India.

Launch Date31 Dec 2012
Min Investment AmtNaN
AUM572Cr
1Y Returns7.3%

Mirae Asset China Advantage Fund Direct Growth

Fund Performance: This fund has consistently beaten its benchmark in FoF Overseas segment and provided -1.2% annualized returns in the last 3 years. In the last 1 year, it gave -7.03% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -7.03% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹1,000. This is one of the best Others mutual fund in India.

Launch Date01 Jan 2013
Min Investment AmtNaN
AUM10Cr
1Y Returns-7.0%

Mirae Asset Midcap Fund Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Mid Cap segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -100% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -100% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹NaN. Minimum SIP investment amount for this scheme is ₹-1. This is one of the best Equity mutual fund in India.

Launch Date28 Jul 2019
Min Investment AmtNaN
AUM0Cr
1Y Returns-100.0%

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Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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