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Best Mirae Asset Hybrid Mutual Funds

A diversified manager of assets, Mirae Asset Global Investments, is an asset management arm of Mirae Asset Financial Group. As of December 31, 2020, this AMC has 15 offices on a global scale and an AUM of 554 billion US dollars. 

This AMC currently offers more than 30 mutual fund schemes distributed over equity, debt and hybrid fund categories. This includes the best Mirae Asset hybrid mutual funds.

Hybrid mutual funds are a particular category of mutual funds, which makes investments in multiple classes of assets. Though these asset classes most often include a combination of debt and equity assets, they can also sometimes include Gold and the real estate sector.

These top Mirae Asset hybrid mutual funds make investments in equity and debt instruments for diversification and avoiding concentration risk. An appropriate combination of these two instruments provides high returns than a standard debt mutual fund while also lowering risks associated with an equity mutual fund.

The selection of a hybrid mutual fund depends on the investment objective and risk preferences of an investor.  A fund manager would allocate an investor’s money in debt and equity categories depending on a fund’s investment objective in different proportions. Considering market movements, a fund manager might even sell or buy securities to take advantage of the movements.

The debt component in the best Mirae Asset hybrid mutual funds in 2023 offers protection against tremendous market fluctuations. At the same time, the equity part provides a potential for earning high returns.

The present mutual fund scheme offerings of this AMC include approximately 3 hybrid mutual funds.

While knowing these facts about the best Mirae Asset hybrid mutual funds is important, one must also be aware of the taxability involved in these options.

Taxability

The equity and debt components of hybrid mutual funds are taxed separately. This implies that a debt component faces taxation just like a debt fund, while similarly, an equity component is taxed like an equity fund.

Long-term Capital Gains Tax: The rate applicable on the long-term capital gains for an equity-oriented hybrid mutual fund is 10%. On the other hand, the LTCG arising from a debt-oriented hybrid mutual fund held for more than 3 years is applicable for taxation at a 20% rate with indexation. 

Short-term Capital Gains Tax: The short-term capital gains on an equity-oriented hybrid mutual fund, which is held for less than a year, is taxed at a 15% rate. If debt-oriented hybrid funds are held for less than 3 years, the STCG is added to the income tax and charged according to the appropriate tax slab. 

TDS: Capital gains arising out of these funds are not applicable for TDS. But, dividends exceeding Rs.5000 attract 10% TDS. 

Factors to Consider Before Investing

Besides knowing the taxability involved in the best Mirae Asset hybrid mutual funds, an investor must also consider some more parameters:

Return: Hybrid mutual funds do not commit guaranteed returns. The NAV or Net Asset Value of these funds is affected by the performance of underlying securities. Therefore, it might fluctuate because of the movement in the market. Furthermore, dividends might not be declared by these funds during market downturns.

Risk factor: The investments made by investors in a hybrid mutual fund are not devoid of risk. The risk factor in these funds mainly arises from the equity component. Having mentioned this, the risk factor involved may be lower than that involved in pure equity funds. Still, an investor must be cautious and exercise portfolio rebalancing on a regular basis. The proportion of equity in a portfolio determines the risk involved. The greater the equity component, the higher is the risk involved. The risk of an equity portion is defined by the equity market segment where a fund invests. Along with this, the strategy used would also come into consideration. 

Past performance of the fund: Though past performance of a particular fund is not indicative of probable future returns, it can provide valuable insights into market conditions. A fund’s past performance enables investors to understand the bullish and bearish trends in market conditions over time.

Expense ratio: The fee that mutual fund houses and fund managers charge from an investor to manage their money is the expense ratio. An investor may want to ensure that the best Mirae Asset hybrid fund they are investing in bears a low expense ratio, implying higher take-home returns.

Experience of the fund manager: A fund manager’s expertise comes into account for determining the prospects of profitability for an investor. Therefore, this forms the basis for a majority of the investors to put significant emphasis on a fund manager who is judged based on various parameters. These include experience level, ability to identify scripts as compared to their peers, etc.

Investment horizon: A medium-term investment horizon of around 3 to 5 years might prove to be suitable for hybrid mutual funds. The prospects of high and stable returns improve with an increase in the length of this investment horizon.

Budding investors might find it daunting to choose a suitable fund out of the best Mirae Asset hybrid mutual funds. However, consulting this article as a guide and acquiring basic knowledge about hybrid mutual funds would ease the task.

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List of Mirae Asset Hybrid Mutual Funds in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Mirae Asset Large & Midcap Fund
EquityVery High26.6%2₹40,670
Mirae Asset Emerging Bluechip Fund
EquityVery High22.5%4₹30,284
Mirae Asset Large Cap Fund
EquityVery High22.0%3₹42,179
Mirae Asset Tax Saver Fund
EquityVery High19.9%4₹18,842
Mirae Asset ELSS Tax Saver Fund
EquityVery High28.4%3₹26,417
Mirae Asset Savings Fund
DebtLow to Moderate7.2%3₹572
Mirae Asset Savings Fund
DebtLow to Moderate7.2%3₹572
Mirae Asset Low Duration Fund
DebtModerate8.1%3₹1,150
Mirae Asset Hybrid Equity Fund
HybridVery High15.2%3₹7,936
Mirae Asset Aggressive Hybrid Fund
HybridVery High22.3%3₹9,481
View All

Let's have a closer look

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

Mirae Asset Large & Midcap Fund Direct Growth

Fund Performance: The Mirae Asset Large & Midcap Fund has given 16.37% annualized returns in the past three years and 23.26% in the last 5 years. The Mirae Asset Large & Midcap Fund comes under the Equity category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Large & Midcap Fund via lump sum is ₹5,000 and via SIP is ₹99.

Min Investment Amt₹5,000
AUM₹40,670Cr
1Y Returns26.6%

Mirae Asset Emerging Bluechip Fund Direct Growth

Fund Performance: The Mirae Asset Emerging Bluechip Fund has given 22.04% annualized returns in the past three years and 21.19% in the last 5 years. The Mirae Asset Emerging Bluechip Fund comes under 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 ₹1 and via SIP is ₹1,000.

Min Investment Amt₹1
AUM₹30,284Cr
1Y Returns22.5%

Mirae Asset Large Cap Fund Direct Growth

Fund Performance: The Mirae Asset Large Cap Fund has given 13.37% annualized returns in the past three years and 17.31% in the last 5 years. The Mirae Asset Large Cap Fund comes under 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 ₹99.

Min Investment Amt₹5,000
AUM₹42,179Cr
1Y Returns22.0%

Mirae Asset Tax Saver Fund Direct Growth

Fund Performance: The Mirae Asset Tax Saver Fund has given 21.16% annualized returns in the past three years and 20.36% in the last 5 years. The Mirae Asset Tax Saver Fund comes under 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₹18,842Cr
1Y Returns19.9%

Mirae Asset ELSS Tax Saver Fund Direct Growth

Fund Performance: The Mirae Asset ELSS Tax Saver Fund has given 16.97% annualized returns in the past three years and 22.87% in the last 5 years. The Mirae Asset ELSS Tax Saver Fund comes under the Equity category of Mirae Asset Mutual Funds.

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

Min Investment Amt₹500
AUM₹26,417Cr
1Y Returns28.4%

Mirae Asset Savings Fund Direct Plan Growth

Fund Performance: The Mirae Asset Savings Fund has given 5.08% annualized returns in the past three years and 5.88% in the last 5 years. The Mirae Asset Savings Fund comes under 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₹572Cr
1Y Returns7.2%

Mirae Asset Savings Fund Direct Plan Growth

Fund Performance: The Mirae Asset Savings Fund has given 5.18% annualized returns in the past three years and 5.86% in the last 5 years. The Mirae Asset Savings Fund comes under 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₹572Cr
1Y Returns7.2%

Mirae Asset Low Duration Fund Direct Growth

Fund Performance: The Mirae Asset Low Duration Fund has given 6.53% annualized returns in the past three years and 6.15% in the last 5 years. The Mirae Asset Low Duration Fund comes under the Debt category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Low Duration Fund via lump sum is ₹5,000 and via SIP is ₹99.

Min Investment Amt₹5,000
AUM₹1,150Cr
1Y Returns8.1%

Mirae Asset Hybrid Equity Fund Direct Growth

Fund Performance: The Mirae Asset Hybrid Equity Fund has given 16.26% annualized returns in the past three years and 15.41% in the last 5 years. The Mirae Asset Hybrid Equity Fund comes under 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₹7,936Cr
1Y Returns15.2%

Mirae Asset Aggressive Hybrid Fund Direct Growth

Fund Performance: The Mirae Asset Aggressive Hybrid Fund has given 14.05% annualized returns in the past three years and 17.18% in the last 5 years. The Mirae Asset Aggressive Hybrid Fund comes under the Hybrid category of Mirae Asset Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Aggressive Hybrid Fund via lump sum is ₹5,000 and via SIP is ₹99.

Min Investment Amt₹5,000
AUM₹9,481Cr
1Y Returns22.3%

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