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.
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.
| Fund Name | Category | Risk | NAV | Expense Ratio | 1Y Returns | 3Y Returns | 5Y Returns | Rating | Fund Size (in Cr) | Exit Load |
|---|---|---|---|---|---|---|---|---|---|---|
Mirae Asset Ultra Short Duration Fund | Debt | Low to Moderate | 1,368.00 | 0.17 | 7.2% | 7.5% | 6.2% | 5 | ₹2,067 | - |
Mirae Asset Dynamic Bond Fund | Debt | Low to Moderate | 18.25 | 0.14 | 7.6% | 7.5% | 5.8% | 5 | ₹117 | - |
Mirae Asset Banking and Financial Services Fund | Equity | Very High | 23.52 | 0.56 | 26.4% | 18.7% | 17.7% | 4 | ₹2,215 | Exit load of 1% if redeemed within one year. |
Mirae Asset Great Consumer Fund | Equity | Very High | 106.86 | 0.43 | 4.4% | 17.6% | 17.1% | 4 | ₹4,754 | Exit load of 1% if redeemed within 1 year |
Mirae Asset Diversified Equity Allocator Passive FoF Direct-Growth | Equity | Very High | 25.20 | 0.05 | 9.6% | 15.2% | 14.6% | 4 | ₹989 | Exit load of 0.05% if redeemed within 5 days. |
Mirae Asset Balanced Advantage Fund | Hybrid | Very High | 15.06 | 0.74 | 10.5% | 13.6% | NA | 4 | ₹2,021 | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 180 Days. See more |
Mirae Asset Short Duration Fund | Debt | Moderate | 17.21 | 0.22 | 7.7% | 7.8% | 6.4% | 4 | ₹588 | - |
Mirae Asset Low Duration Fund | Debt | Low to Moderate | 2,545.04 | 0.16 | 7.5% | 7.6% | 6.3% | 4 | ₹2,561 | - |
Mirae Asset Liquid Fund | Debt | Low to Moderate | 2,876.44 | 0.09 | 6.5% | 7.0% | 5.9% | 4 | ₹15,756 | Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. See more |
Mirae Asset Overnight Fund | Debt | Low | 1,368.50 | 0.07 | 5.8% | 6.4% | 5.5% | 4 | ₹1,261 | - |
Mirae Asset Healthcare Fund | Equity | Very High | 41.30 | 0.49 | 0.4% | 22.0% | 16.4% | 3 | ₹2,770 | Exit load of 1% if redeemed within 1 year. |
Mirae Asset Midcap Fund | Equity | Moderately High | 39.62 | 0.57 | 13.3% | 20.6% | 21.1% | 3 | ₹18,409 | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 years. See more |
Mirae Asset ELSS Tax Saver Fund | Equity | Very High | 55.91 | 0.59 | 11.6% | 17.4% | 16.6% | 3 | ₹27,195 | - |
Mirae Asset Large & Midcap Fund | Equity | Very High | 171.28 | 0.59 | 11.7% | 17.4% | 16.6% | 3 | ₹43,766 | Exit load of 1% if redeemed within 1 year |
Mirae Asset Aggressive Hybrid Fund | Hybrid | Very High | 38.53 | 0.39 | 12.3% | 14.8% | 13.9% | 3 | ₹9,537 | Exit load for units in excess of 15% of the investment,1% will be charged for redemption within 365 days. See more |
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| Mutual fund name | Mirae Asset Mutual Fund |
| Asset management company name | Mirae Asset Mutual Fund |
| AMC Setup Date | 30 Nov 2007 |
| AMC Incorporation Date | 30 Nov 2007 |
| Sponsor name | Mirae Asset Global Investments Co. Ltd. |
| Trustee organisation | Mirae Asset Trustee Company Private Ltd. |
| CIO | Neelesh Surana(Chief Investment Officer-Equity) |
| MD | Swarup Mohanty |
| CEO | Swarup Anand Mohanty(Chief Executive Officer) |
| Compliance Officer | Ritesh Patel |
| Investor Service Officer | Girish Dhanani |
| Total AUM (as of end of last quarter) | ₹2,28,206.30Cr |
| Address | Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098 |
— Registered with SEBI, AMFI & BSE
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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.
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.48% & 6.24%. The Mirae Asset Ultra Short Duration Fund comes under the Debt category of Mirae Asset Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mirae Asset Ultra Short Duration Fund is ₹5,000 and for SIP, it is ₹99.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹2,067Cr |
| 1Y Returns | 7.2% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.47% & 5.75%. The Mirae Asset Dynamic Bond Fund comes under the Debt category of Mirae Asset Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mirae Asset Dynamic Bond Fund is ₹5,000 and for SIP, it is ₹99.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹117Cr |
| 1Y Returns | 7.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 18.69% & 17.71%. The Mirae Asset Banking and Financial Services Fund comes under the Equity category of Mirae Asset Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mirae Asset Banking and Financial Services Fund is ₹5,000 and for SIP, it is ₹99.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹2,215Cr |
| 1Y Returns | 26.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.6% & 17.12%. The Mirae Asset Great Consumer Fund comes under the Equity category of Mirae Asset Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mirae Asset Great Consumer Fund is ₹5,000 and for SIP, it is ₹99.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹4,754Cr |
| 1Y Returns | 4.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 15.19% & 14.61%. The Mirae Asset Diversified Equity Allocator Passive FoF Direct-Growth comes under the Equity category of Mirae Asset Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mirae Asset Diversified Equity Allocator Passive FoF Direct-Growth is ₹5,000 and for SIP, it is ₹99.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹989Cr |
| 1Y Returns | 9.6% |
Fund Performance: The Mirae Asset Balanced Advantage Fund comes under the Hybrid category of Mirae Asset Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mirae Asset Balanced Advantage Fund is ₹5,000 and for SIP, it is ₹99.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹2,021Cr |
| 1Y Returns | 10.5% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.79% & 6.39%. The Mirae Asset Short Duration Fund comes under the Debt category of Mirae Asset Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mirae Asset Short Duration Fund is ₹5,000 and for SIP, it is ₹99.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹588Cr |
| 1Y Returns | 7.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.58% & 6.28%. The Mirae Asset Low Duration Fund comes under the Debt category of Mirae Asset Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mirae Asset Low Duration Fund is ₹5,000 and for SIP, it is ₹99.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹2,561Cr |
| 1Y Returns | 7.5% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 7.02% & 5.92%. The Mirae Asset Liquid Fund comes under the Debt category of Mirae Asset Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mirae Asset Liquid Fund is ₹5,000 and for SIP, it is ₹99.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹15,756Cr |
| 1Y Returns | 6.5% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.41% & 5.48%. The Mirae Asset Overnight Fund comes under the Debt category of Mirae Asset Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mirae Asset Overnight Fund is ₹5,000 and for SIP, it is ₹99.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,261Cr |
| 1Y Returns | 5.8% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 22.03% & 16.42%. The Mirae Asset Healthcare Fund comes under the Equity category of Mirae Asset Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mirae Asset Healthcare Fund is ₹5,000 and for SIP, it is ₹99.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹2,770Cr |
| 1Y Returns | 0.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 20.64% & 21.12%. The Mirae Asset Midcap Fund comes under the Equity category of Mirae Asset Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mirae Asset Midcap Fund is ₹5,000 and for SIP, it is ₹99.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹18,409Cr |
| 1Y Returns | 13.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.44% & 16.64%. The Mirae Asset ELSS Tax Saver Fund comes under the Equity category of Mirae Asset Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mirae Asset ELSS Tax Saver Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹27,195Cr |
| 1Y Returns | 11.6% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.39% & 16.61%. The Mirae Asset Large & Midcap Fund comes under the Equity category of Mirae Asset Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mirae Asset Large & Midcap Fund is ₹5,000 and for SIP, it is ₹99.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹43,766Cr |
| 1Y Returns | 11.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.85% & 13.91%. The Mirae Asset Aggressive Hybrid Fund comes under the Hybrid category of Mirae Asset Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mirae Asset Aggressive Hybrid Fund is ₹5,000 and for SIP, it is ₹99.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹9,537Cr |
| 1Y Returns | 12.3% |
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