Top 10 Mirae Asset Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Mirae Asset India Equity FundEquityModerately High3.3%5star9,697
Mirae Asset Great Consumer FundEquityHigh5.7%4star543
Mirae Asset Emerging Bluechip FundEquityModerately High-0.6%4star6,130
Mirae Asset Tax Saver FundEquityModerately High2.6%3star1,209
Mirae Asset Healthcare FundEquityHighN.A3star100
View All Top 10 Mirae Asset Mutual Funds

Best Mirae Asset Equity Mutual Funds

Mirae Asset is a global financial company which is present across 12 countries and 5 continents. The company was founded in 1997 and since then pioneered to become a global presence.

Mirae believes that they are the best investment choice because of their strong investment philosophy, and niche to understand comparative advantage of various companies to make a sustainable and long- lasting decision for investors. They always believe in investing with a long term goal to sustainability in the market.

They believe in assessing risk in a way that it ultimately optimizes returns of investors. They constantly monitor the valuation, liquidity and corporate governance so that any risk can be mitigated. As a global brand it has obtained the trust of investors and has made a mark for itself in the mutual fund industry.

Equity Savings Fund typically invests the total capital in three segments- pure equity, arbitrage and debt funds. Generally, one-third of the total capital in pure equity, one-third in debt funds and the balance in arbitrage funds. However, the composition varies from fund to fund. The equity component can vary from 20-40% approx and depends on the type of mutual fund.

These funds outperform debt funds over taxation and treated as equity funds for taxation. If sold before a year, short term capital gains are taxed at 15% and if sold after a year, no tax is levied on the gains.

Purpose: Invest here for your longer duration to get higher returns than debt funds.

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Mirae Asset India Equity Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 16.39% annualized returns in the last 3 years. In the last 1 year, it gave 3.25% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 3.25% returns in the last 1 year. Groww rated this fund as 5 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Neelesh Surana, Harshad Borawake

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating5star
AUM9,697Cr
1Y Returns3.3%

Mirae Asset Great Consumer Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Sectoral/Thematic segment and provided 17.73% annualized returns in the last 3 years. In the last 1 year, it gave 5.65% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 5.65% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Bharti Sawant, Ankit Jain

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating4star
AUM543Cr
1Y Returns5.7%

Mirae Asset Emerging Bluechip Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Large & Mid Cap segment and provided 18.95% annualized returns in the last 3 years. In the last 1 year, it gave -0.58% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.58% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Neelesh Surana

Launch Date31 Dec 2012
Min Investment Amt500
Groww Rating4star
AUM6,130Cr
1Y Returns-0.6%

Mirae Asset Tax Saver Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave 2.59% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 2.59% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Neelesh Surana

Launch Date27 Dec 2015
Min Investment Amt500
Groww Rating3star
AUM1,209Cr
1Y Returns2.6%

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 -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. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Neelesh Surana

Launch Date24 Jun 2018
Min Investment Amt5,000
Groww Rating3star
AUM100Cr
1Y Returns-100.0%

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What does investing in Mirae Asset Equity Mutual Funds actually mean?

Suppose a mutual fund invests in ten stocks and total current market value of these stocks is 1.1 Crore. Out of this, the AMC deducts say, 0.1 Crore for operating the fund (this is known as the expense ratio). So the net value is 1 crore. Now the AMC will divide this 1 Crore into say, 10,000 parts. These parts are known as units. The cost of one unit is 1Cr/10,000 = Rs. 1000. This is known as the Net Asset Value (NAV) of the mutual fund. Suppose the AMC has set a minimum investment requirement of Rs. 500. Then if you pay Rs. 500, you will get 0.5 units of the fund. Remember that the cost of one unit is the cost when you made the purchase. Suppose after one year, the NAV has fallen to Rs. 700 per unit and you wish to exit the fund (also known as redemption), then you sell your 0.5 units back to the AMC and get 0.5 x Rs. 700 = Rs. 350 back. Yes, you invested Rs. 500 and got back Rs. 350 – a loss of 150 over a year. The point is, that you buy units at current NAV and sell units (fully or partially) at current NAV. This is what investing in mutual fund actually means.

How to invest in Mirae Asset Mutual Funds on Groww?

One of the best ways to hedge against the small-cap volatility is to adopt a phased approach, also known as Systematic Investment Plan (SIP) approach. We are sure that you must be aware of SIP and its benefits. Buying in small quantity but buying regularly provides you with faster growth. On Groww.in, all transactions to and from AMC is done via BSE. When you decide to invest in a large cap mutual fund of your choice, you choose that mutual fund on the website and click ‘invest’. Following that, you are redirected to the BSE page where you make the payment. BSE then directs your money to the AMC managing your mutual fund. To be assured at your end, you can visit the individual AMC website after the payment. You would be able to see all your purchased units against your folio number.

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Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
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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