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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 2022 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 Mutual Funds in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Mirae Asset Emerging Bluechip FundEquityVery High-1.8%5₹24,055
Mirae Asset Large Cap FundEquityVery High1.9%4₹34,194
Mirae Asset Tax Saver FundEquityVery High0.5%5₹14,020
Mirae Asset Savings FundDebtLow to Moderate4.8%2₹607
Mirae Asset Hybrid Equity FundHybridVery High2.7%4₹7,194
Mirae Asset Great Consumer FundEquityVery High8.3%3₹2,044
Mirae Asset Cash Management FundDebtLow to Moderate5.2%3₹5,735
Mirae Asset Focused FundEquityVery High-5.4%4₹8,802
Mirae Asset Midcap FundEquityModerately High3.0%4₹9,002
Mirae Asset Healthcare FundEquityVery High-3.3%--₹1,632
View All

Let's have a closer look

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

Mirae Asset Emerging Bluechip Fund Direct Growth

Fund Performance: The Mirae Asset Emerging Bluechip Fund has given 17.77% annualized returns in the past three years and 13.01% 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₹24,055Cr
1Y Returns-1.8%

Mirae Asset Large Cap Fund Direct Growth

Fund Performance: The Mirae Asset Large Cap Fund has given 13.82% annualized returns in the past three years and 10.29% 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₹34,194Cr
1Y Returns1.9%

Mirae Asset Tax Saver Fund Direct Growth

Fund Performance: The Mirae Asset Tax Saver Fund has given 17.85% annualized returns in the past three years and 13.2% 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₹14,020Cr
1Y Returns0.5%

Mirae Asset Savings Fund Direct Plan Growth

Fund Performance: The Mirae Asset Savings Fund has given 5.17% annualized returns in the past three years and 5.9% 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₹607Cr
1Y Returns4.8%

Mirae Asset Hybrid Equity Fund Direct Growth

Fund Performance: The Mirae Asset Hybrid Equity Fund has given 13.54% annualized returns in the past three years and 10.81% 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₹7,194Cr
1Y Returns2.7%

Mirae Asset Great Consumer Fund Direct Growth

Fund Performance: The Mirae Asset Great Consumer Fund has given 15.81% annualized returns in the past three years and 12.41% 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₹2,044Cr
1Y Returns8.3%

Mirae Asset Cash Management Fund Direct Growth

Fund Performance: The Mirae Asset Cash Management Fund has given 4.24% 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₹5,735Cr
1Y Returns5.2%

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₹8,802Cr
1Y Returns-5.4%

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₹9,002Cr
1Y Returns3.0%

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₹1,632Cr
1Y Returns-3.3%

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