Mirae Asset Mutual Fund

AUM ₹ 173126 Cr

(As on Apr 2024)

No. of schemes 58

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. Currently, they handle assets worth over Rs. 100908.71 Crore spread across 38 schemes in India.

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.

Funds	Rating	1 Yr Ret (%)	1 Yr Rank	Riskometer	Category	Expense Ratio (%)	Launch	Net Assets (Cr)
Mirae Asset Aggressive Hybrid Fund - Direct Plan	3	23.21	36/44	Very High	HY-AH	0.37	29/07/2015	8,546
Mirae Asset Arbitrage Fund - Direct Plan	3	8.74	5/25	Low	HY-AR	0.17	19/06/2020	1,870
Mirae Asset Balanced Advantage Fund - Direct Plan	--	20.34	23/32	High	HY-DAA	0.68	11/08/2022	1,570
Mirae Asset Banking and Financial Services Fund - Direct Plan	4	22.14	7/19	Very High	EQ-BANK	0.59	11/12/2020	1,703
Mirae Asset Banking and PSU Fund - Direct Plan	3	6.53	16/21	Moderate	DT-BK & PSU	0.36	24/07/2020	59.00
Mirae Asset BSE Sensex ETF	--	--	--	Very High	EQ-LC	0.05	29/09/2023	13.00
Mirae Asset Corporate Bond Fund - Direct Plan	2	6.48	19/22	Moderate	DT-CB	0.22	17/03/2021	50.00
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund - Direct Plan	--	6.52	74/87	Moderate	DT-TM	0.08	20/10/2022	226.00
Mirae Asset Dynamic Bond Fund - Direct Plan	2	6.53	21/25	Low to Moderate	DT-DB	0.17	24/03/2017	155.00
Mirae Asset ELSS Tax Saver Fund - Direct Plan	4	32.40	20/37	Very High	EQ-ELSS	0.57	28/12/2015	22,472
Mirae Asset Equity Allocator FoF - Direct Plan	4	31.89	47/93	Very High	EQ-LC	0.04	21/09/2020	705.00
Mirae Asset Equity Savings Fund - Direct Plan	4	16.46	11/22	Moderately High	HY-EQ S	0.34	17/12/2018	1,020
Mirae Asset Flexi Cap Fund - Direct Plan	--	30.15	54/75	Very High	EQ-FLX	0.55	24/02/2023	1,815
Mirae Asset Focused Fund - Direct Plan	2	15.53	75/75	Very High	EQ-FLX	0.57	14/05/2019	8,313
Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF - Direct Plan	--	-3.20	55/58	Very High	EQ-INTL	0.22	07/09/2022	83.00
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF - Direct Plan	--	30.36	11/58	Very High	EQ-INTL	0.24	07/09/2022	317.00
Mirae Asset Gold ETF	--	19.80	8/26	High	Gold-Funds	0.36	20/02/2023	226.00
Mirae Asset Great Consumer Fund - Direct Plan	4	35.33	5/11	Very High	EQ-Consumption	0.42	01/01/2013	3,351
Mirae Asset Hang Seng TECH ETF	--	0.63	58/64	Very High	EQ-INTL	0.60	06/12/2021	262.00
Mirae Asset Hang Seng TECH ETF FoF - Direct Plan	--	2.34	52/58	Very High	EQ-INTL	0.10	08/12/2021	72.00
Mirae Asset Healthcare Fund - Direct Plan	3	48.22	7/12	Very High	EQ-Pharma	0.50	02/07/2018	2,236
Mirae Asset Large Cap Fund - Direct Plan	3	22.20	84/93	Very High	EQ-LC	0.53	01/01/2013	38,060
Mirae Asset Large & Midcap Fund - Direct Plan	3	35.90	18/27	Very High	EQ-L&MC	0.61	01/01/2013	34,974
Mirae Asset Liquid Fund - Direct Plan	4	7.37	8/35	Low to Moderate	DT-LIQ	0.10	01/01/2013	9,884
Mirae Asset Low Duration Fund - Direct Plan	3	7.39	9/20	Moderate	DT-LD	0.19	01/01/2013	595.00
Mirae Asset Midcap Fund - Direct Plan	3	45.45	28/39	Very High	EQ-MC	0.57	29/07/2019	15,139
Mirae Asset Money Market Fund - Direct Plan	2	7.49	11/22	Low to Moderate	DT-MM	0.21	11/08/2021	145.00
Mirae Asset Multi Asset Allocation Fund - Direct Plan	--	--	--	High	HY-MAA	0.39	31/01/2024	1,407
Mirae Asset Multicap Fund - Direct Plan	--	--	--	Very High	EQ-MLC	0.37	21/08/2023	2,683
Mirae Asset Nifty 100 ESG Sector Leaders ETF	--	26.01	7/10	Very High	EQ-T-ESG	0.52	17/11/2020	136.00
Mirae Asset Nifty 100 ESG Sector Leaders FoF - Direct Plan	--	25.68	9/9	Very High	EQ-T-ESG	0.05	18/11/2020	111.00
Mirae Asset Nifty 100 Low Volatility 30 ETF	--	32.39	57/148	Very High	EQ-LC	0.09	24/03/2023	9.00
Mirae Asset Nifty 1D Rate Liquid ETF	--	--	--	Low	DT-LIQ	0.27	27/07/2023	382.00
Mirae Asset Nifty 200 Alpha 30 ETF	--	--	--	Very High	EQ-LC	0.30	20/10/2023	38.00
Mirae Asset Nifty 50 ETF	--	23.04	100/148	Very High	EQ-LC	0.05	20/11/2018	2,378
Mirae Asset Nifty 8-13 yr G-Sec ETF	--	6.49	17/31	Moderate	DT-GL	0.10	31/03/2023	82.00
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund - Direct Plan	--	6.73	29/87	Low to Moderate	DT-TM	0.12	20/10/2022	103.00
Mirae Asset Nifty Bank ETF	--	--	--	Very High	EQ-BANK	0.09	20/07/2023	105.00
Mirae Asset Nifty Financial Services ETF	--	12.53	21/37	Very High	EQ-BANK	0.12	30/07/2021	274.00
Mirae Asset Nifty India Manufacturing ETF	--	55.80	9/61	Very High	EQ-THEMATIC	0.45	27/01/2022	130.00
Mirae Asset Nifty India Manufacturing ETF FoF - Direct Plan	--	55.54	13/49	Very High	EQ-THEMATIC	0.06	31/01/2022	79.00
Mirae Asset Nifty IT ETF	--	--	--	Very High	EQ-IT	0.09	20/10/2023	54.00
Mirae Asset Nifty Midcap 150 ETF	--	51.39	11/45	Very High	EQ-MC	0.05	09/03/2022	678.00
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF	--	--	--	Very High	EQ-THEMATIC	--	22/05/2024	--
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan	--	--	--	Very High	EQ-THEMATIC	--	30/05/2024	--
Mirae Asset Nifty Next 50 ETF	--	58.25	17/148	Very High	EQ-LC	0.10	24/01/2020	201.00
Mirae Asset Nifty SDL Jun 2027 Index Fund - Direct Plan	--	6.90	8/87	Low to Moderate	DT-TM	0.14	30/03/2022	796.00
Mirae Asset Nifty SDL June 2028 Index Fund - Direct Plan	--	6.75	26/87	Moderate	DT-TM	0.12	31/03/2023	83.00
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF	--	--	--	Very High	EQ-THEMATIC	0.36	23/02/2024	174.00
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FoF - Direct Plan	--	--	--	Very High	EQ-THEMATIC	0.08	01/03/2024	98.00
Mirae Asset NYSE FANG+ ETF	--	44.49	2/64	Very High	EQ-INTL	0.66	06/05/2021	2,022
Mirae Asset NYSE FANG+ ETF FoF - Direct Plan	--	55.79	1/58	Very High	EQ-INTL	0.05	10/05/2021	1,570
Mirae Asset Overnight Fund - Direct Plan	5	6.84	4/32	Low	DT-OVERNHT	0.05	15/10/2019	865.00
Mirae Asset Short Duration Fund - Direct Plan	3	6.96	12/25	Moderate	DT-SD	0.30	16/03/2018	346.00
Mirae Asset Silver ETF	--	--	--	Very High	Silver-Funds	0.40	09/06/2023	54.00
Mirae Asset S&P 500 Top 50 ETF	--	32.66	7/64	Very High	EQ-INTL	0.65	20/09/2021	655.00
Mirae Asset S&P 500 Top 50 ETF FoF - Direct Plan	--	39.04	2/58	Very High	EQ-INTL	0.08	22/09/2021	532.00
Mirae Asset Ultra Short Duration Fund - Direct Plan	4	7.57	5/24	Moderate	DT-USD	0.20	08/10/2020	1,464

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Key Information

Mutual Fund Name	Mirae Asset Mutual Fund
Inception Date	Nov 30, 2007
Trustee Organisation	Mirae Asset Trustee Company Private Ltd.
MD and CEO	Swarup Anand Mohanty
Investors Relations Officer	Girish Dhanani
AUM Updated On	Dec 31, 2023

Documents required to invest

The documents for KYC (Know Your Client) include proof of address and proof of identity. Here is a list of officially valid documents (OVD) admissible.

PROOF OF IDENTITY

PAN Card (Mandatory)
Voter ID Card
Driving License
Passport
Aadhaar Card
Any other valid identity card issued by Central or State Government

PROOF OF ADDRESS

Voter ID Card
Driving License
Passport
Ration Card
Aadhaar Card
Bank account statement or bank passbook
Utility bills like electricity or gas bills

Customer Care Details

For any query regarding any schemes offered by Mirae Asset Mutual Fund, please contact at the following address:

Registered Address	Unit No.606 – 6th Floor, Windsor Building – Off. CST Road, Kalina, Santacruz (East), Mumbai – 400098. Branch Timing (9 am – 6 pm)
Call us at	022-67800301 / 1800-2090-777
Email	N.A.

Top Fund Managers

1. Mr. Swarup Mohanty

Mr. Swarup Mohanty is the incumbent Chief Executive Officer of Mirae Asset Global Investments (India Pvt. Ltd.). He joined the firm in 2011 as the Head of Sales and was elevated to his current post in February 2016.

Mr. Mohanty comes with a treasure trove of experience in investment and equity markets, having worked in various capacities in this segment for over two decades. He started his career as the Head of Fixed Deposits at Tata Finance Ltd. back in 1996 before moving over to Kotak Mahindra AMC as their Head of North and Eastern Indian operations. He has also served brief stints at Birla Sun Life AMC and Franklin Templeton between 2007 and 2008. Immediately before joining Mirae Asset, he was employed with Religare AMC as the National Head of Sales.

Academically, Mr. Mohanty holds a B.Com degree from BJB College as well as PGDBM in Finance from Fore School of Management.

2. Mr. Neelesh Surana

Mr. Neelesh Surana is the Chief Investment Officer at Mirae Asset Global Investments (India) Ltd. He has been associated with the company for over a decade and has played a pivotal role in its ascent to the top. Before he was the Chief Investment Officer, Mr. Surana served as the Head of Equity at the firm.

As the company’s Chief Investment Officer, Mr. Suarana oversees the investment and equity research at the firm. Apart from managing the entire portfolio of funds, he is also responsible for liaising with global partners and providing them with research support for investments.

Mr. Surana has done both engineering and management courses from reputed educational institutions. Before joining Mirae Asset, Mr. Surana held the position of Senior Portfolio Manager at ASK Investment Managers Ltd.

At Mirae Asset, Mr. Surana manages 11 schemes with an estimated AuM of Rs. 24,380 Crore. He has been outperforming his peers for years with returns as high as 29%. Some of the funds that he manages include Mirae Asset Emerging Bluechip, Mirae Asset Tax Saver, Mirae Asset India Opportunities and Mirae Asset Large Cap Fund.

3. Mr. Mahendra Kumar Jajoo

Mr. Mahendra Kumar Jajoo is the Head of Fixed Income at Mirae Asset Global Investments (India) Pvt. Ltd., a post he has held for the last 3 years. The 25 years of experience that he brings to the table remains indispensable to the growth of the AMC.

Mr. Jajoo is a CA as well as CFA by qualification. He has almost 15 years of experience in the Fixed Income segment, having served as the Head of Fixed Income at multiple companies such as ABN AMRO, TAML, Prameria AMC, and MJ Investment Services.

At Mirae Asset Mutual Funds, Mr. Jajoo manages 21 schemes with a net AuM of Rs. 6,113 Crore. Some of the top performing funds under his management include Mirae Asset Cash Management Fund, Mirae Asset Savings Fund, and Mirae Asset Hybrid Equity Fund.

4. Mr. Krishna Kanhaiya

Mr. Krishna Kanhaiya has been with Mirae Asset Global Investments (India) since Day 1 and has served the company in various capacities. He is currently the Chief Financial Officer at the AMC, a post he has held since January 2019. Prior to this, he was the Deputy CFO for three and a half years and the Head of Accounts, Finance, Admin and IT for over 8 years before that. He is also a permanent Member of Board Directors since October 2017.

Before his long and fulfilling career at Mirae Asset, Mr. Kanhaiya has worked at various managerial posts in companies like DBS Cholamandalam AMC, Ispat Ind. Ltd., and Hindustan Engineering & Industries Ltd., to name a few.

A registered Chartered Accountant from the Institute of Chartered Accountants of India, Mr. Kanhaiya is one of the key decision makers in the AMC and has been instrumental in shaping its growth trajectory.