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Best Mirae Asset Equity Mutual Funds

Mirae Asset is a subsidiary of South Korea's Mirae Asset Global Investments Co. Limited, an asset management company that provides financial solutions in over 40 countries. In its over 11 years of operation in India, this AMC has provided financial solutions to many investors and today manages assets worth over Rs. 70000 crores. 

Mirae Asset manages around 35 mutual fund portfolios. These come in multiple categories, including the best Mirae Asset equity mutual funds and hybrid, fixed income, ETF/FoF. 

An equity mutual fund, or a growth fund, invests mostly in stocks of listed companies. A mutual fund is classed as an equity fund in India if it has more than 65% of its assets invested in equity instruments. These generally provide aggressive returns, which can beat market growth and inflation but face high risks while doing so. 

Mirae Asset Mutual Funds offers over 8 equity funds across different market capitalisation and investment strategy categories. 

The best Mirae Asset equity mutual funds offer great returns as their investments are spread across various stocks. Typically, equity funds show better performance than hybrid or debt funds in the long run. They are also less risky than investing in stocks as they invest in a diversified portfolio of stocks across different sectors. Moreover, experienced fund managers manage equity funds and they ensure the best possible returns. 

These factors make them ideal for newer investors lacking in-depth knowledge about the equities market. Due to pooling together of resources, it takes only a small amount of capital to acquire shares of an equity fund. The best Mirae Asset equity mutual funds also invest some assets in debt instruments, making them popular choices for all sorts of risk profiles and investment objectives. 

An equity fund can be managed actively or passively, with actively managed funds usually carrying higher expenses. They can also be categorised based on market capitalisation into small-cap, mid-cap, large-cap, large and mid-cap and multi-cap funds. Large-cap stocks are usually a safer option but they provide moderate returns. Equity funds can also be classified based on investment strategies. Thematic/sectoral funds invest in specific market sectors/theme, while focused funds invest in a maximum of around 30 best stocks. 

Since equity funds carry a certain amount of risks, doing proper research before investing is always a good idea. The following pointers are essential to check to select the best Mirae Asset equity mutual fund.

Taxability

An important criterion of the top Mirae Asset equity mutual funds is their taxability.

Short-Term Capital Gains (STCG) Tax: This is applicable at the rate of 15% for a holding period of up to one year. 

Long-Term Capital Gains (LTCG) Tax: This is applicable for capital gains above Rs. 1 lakh and is taxed at the rate of 10%.

TDS: TDS @ 10% applies to dividends exceeding Rs.5000. 

Factors to Consider Before Investing

Besides taxability, you must also know about the following factors of equity funds before investment: 

Returns: The returns from an equity fund depend on the performance of the equities and equity-related assets. A more diversified portfolio reduces the negative effect of poorly performing stocks on the overall portfolio. 

Risk factors: Even the best Mirae Asset equity mutual funds carry more risks than hybrid or debt funds. An equity fund with assets well diversified in many sectors will carry fewer risks than sector-specific ones. The debt portion of an equity fund, including government securities, AAA-rated corporate bonds and money market instruments etc., also help to stabilise its performance. Thus, most investors consider large-cap funds as a safer and less volatile option. 

Investment horizon: Equity mutual funds perform better with a long-term goal (five years or more). A short-term fund will work well only for experienced investors who can account for market fluctuations.

Financial objectives: New investors prefer the best Mirae Asset equity mutual funds as equity mutual funds don't require in-depth knowledge to get started. 

Volatility: Even the best equity funds have higher volatility than hybrid or debt funds. A shift in benchmarks like Sensex or Nifty affects the performance of equity funds. Thus, experienced and market-savvy investors with a risk appetite and long-term commitment will find the best results. 

Costs: Since fund management plays a crucial role in managing investments, equity funds usually have a higher expense ratio. Actively managed funds usually carry the highest expenses, but they are usually not higher than 2.25% of the total assets.

An ELSS (Equity-Linked Savings Scheme) qualifies for tax deductions with an overall limit of Rs.1.5 lakh under Section 80C

It’s imperative to conduct sufficient research before investing in the best Mirae Asset equity mutual funds for 2022.

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List of Mirae Asset Mutual Funds in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Mirae Asset Emerging Bluechip FundEquityVery High-4.7%5₹22,741
Mirae Asset Large Cap FundEquityVery High-4.0%4₹33,747
Mirae Asset Tax Saver FundEquityVery High-4.2%5₹12,615
Mirae Asset Savings FundDebtLow to Moderate3.7%2₹697
Mirae Asset Hybrid Equity FundHybridVery High-1.3%4₹7,053
Mirae Asset Great Consumer FundEquityVery High8.1%3₹1,945
Mirae Asset Cash Management FundDebtLow to Moderate4.1%4₹5,128
Mirae Asset Focused FundEquityVery High-7.5%5₹8,993
Mirae Asset Midcap FundEquityModerately High3.6%4₹8,499
Mirae Asset Healthcare FundEquityVery High-7.8%--₹1,723
Mirae Asset Dynamic Bond FundDebtModerate0.7%3₹242
Mirae Asset Short Term FundDebtLow to Moderate2.8%3₹449
Mirae Asset Equity Savings FundHybridModerately High2.0%5₹583
Mirae Asset Nifty 100 ESG Sector Leaders FoF FundOtherVery High-6.8%--₹137
Mirae Asset Banking and Financial Services FundEquityVery High-2.4%--₹1,191
View All

Let's have a closer look

Now let us jump and check about these top 15 mutual fund schemes.

Mirae Asset Emerging Bluechip Fund Direct Growth

Fund Performance: The Mirae Asset Emerging Bluechip Fund has given 21.06% annualized returns in the past three years and 15.95% in the last 5 years. The Mirae Asset Emerging Bluechip Fund belongs to the Equity category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Emerging Bluechip Fund via lump sum is ₹100 and via SIP is ₹1,000.

Min Investment Amt₹100
AUM₹22,741Cr
1Y Returns-4.7%

Mirae Asset Large Cap Fund Direct Growth

Fund Performance: The Mirae Asset Large Cap Fund has given 15.37% annualized returns in the past three years and 12.87% in the last 5 years. The Mirae Asset Large Cap Fund belongs to the Equity category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Large Cap Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹33,747Cr
1Y Returns-4.0%

Mirae Asset Tax Saver Fund Direct Growth

Fund Performance: The Mirae Asset Tax Saver Fund has given 20.25% annualized returns in the past three years and 16.26% in the last 5 years. The Mirae Asset Tax Saver Fund belongs to the Equity category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Tax Saver Fund via lump sum is ₹500 and via SIP is ₹500.

Min Investment Amt₹500
AUM₹12,615Cr
1Y Returns-4.2%

Mirae Asset Savings Fund Direct Plan Growth

Fund Performance: The Mirae Asset Savings Fund has given 5.09% annualized returns in the past three years and 5.79% in the last 5 years. The Mirae Asset Savings Fund belongs to the Debt category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Savings Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹697Cr
1Y Returns3.7%

Mirae Asset Hybrid Equity Fund Direct Growth

Fund Performance: The Mirae Asset Hybrid Equity Fund has given 15.02% annualized returns in the past three years and 12.63% in the last 5 years. The Mirae Asset Hybrid Equity Fund belongs to the Hybrid category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Hybrid Equity Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹7,053Cr
1Y Returns-1.3%

Mirae Asset Great Consumer Fund Direct Growth

Fund Performance: The Mirae Asset Great Consumer Fund has given 20.21% annualized returns in the past three years and 16.91% in the last 5 years. The Mirae Asset Great Consumer Fund belongs to the Equity category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Great Consumer Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹1,945Cr
1Y Returns8.1%

Mirae Asset Cash Management Fund Direct Growth

Fund Performance: The Mirae Asset Cash Management Fund has given 4.11% annualized returns in the past three years and 5.33% in the last 5 years. The Mirae Asset Cash Management Fund belongs to the Debt category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Cash Management Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹5,128Cr
1Y Returns4.1%

Mirae Asset Focused Fund Direct Growth

Fund Performance: The Mirae Asset Focused Fund belongs to the Equity category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Focused Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹8,993Cr
1Y Returns-7.5%

Mirae Asset Midcap Fund Direct Growth

Fund Performance: The Mirae Asset Midcap Fund belongs to the Equity category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Midcap Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹8,499Cr
1Y Returns3.6%

Mirae Asset Healthcare Fund Direct Growth

Fund Performance: The Mirae Asset Healthcare Fund belongs to the Equity category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Healthcare Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹1,723Cr
1Y Returns-7.8%

Mirae Asset Dynamic Bond Fund Direct Growth

Fund Performance: The Mirae Asset Dynamic Bond Fund has given 5.35% annualized returns in the past three years and 6.59% in the last 5 years. The Mirae Asset Dynamic Bond Fund belongs to the Debt category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Dynamic Bond Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹242Cr
1Y Returns0.7%

Mirae Asset Short Term Fund Direct Growth

Fund Performance: The Mirae Asset Short Term Fund belongs to the Debt category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Short Term Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹449Cr
1Y Returns2.8%

Mirae Asset Equity Savings Fund Direct Growth

Fund Performance: The Mirae Asset Equity Savings Fund belongs to the Hybrid category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Equity Savings Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹583Cr
1Y Returns2.0%

Mirae Asset Nifty 100 ESG Sector Leaders FoF Direct Growth

Fund Performance: The Mirae Asset Nifty 100 ESG Sector Leaders FoF Fund belongs to the Other category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Nifty 100 ESG Sector Leaders FoF Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹137Cr
1Y Returns-6.8%

Mirae Asset Banking and Financial Services Fund Direct Growth

Fund Performance: The Mirae Asset Banking and Financial Services Fund belongs to the Equity category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Banking and Financial Services Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹1,191Cr
1Y Returns-2.4%

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