Mirae Asset Mutual Fund

NAV Date 16-10-2019
Fund Name Category NAV NAV Change 1 year %
Mirae Asset Cash Management(DD)-Direct Plan Debt - Liquid 1075.83 0.0000 05.07
Mirae Asset Cash Management(MD)-Direct Plan Debt - Liquid 1138.97 0.1711 05.07
Mirae Asset Cash Management(WD)-Direct Plan Debt - Liquid 1216.21 1.2297 04.96
Mirae Asset Cash Management-Reg(DD) Debt - Liquid 1066.43 0.0000 05.04
Mirae Asset Cash Management-Reg(G) Debt - Liquid 2019.78 0.2984 07.07
Mirae Asset Cash Management-Reg(MD) Debt - Liquid 1156.61 0.1709 05.02
Mirae Asset Cash Management-Reg(WD) Debt - Liquid 1152.55 1.1471 04.93
Mirae Asset Dynamic Bond Fund(D)-Direct Plan Debt - Income 12.31 0.0019 14.69
Mirae Asset Dynamic Bond Fund(G)-Direct Plan Debt - Income 12.31 0.0019 14.69
Mirae Asset Dynamic Bond Fund-Reg(D) Debt - Income 11.87 0.0015 13.28
Mirae Asset Dynamic Bond Fund-Reg(G) Debt - Income 11.87 0.0015 13.28
Mirae Asset Emerging Bluechip(D)-Direct Plan Equity - Mid Cap 46.66 0.0820 09.53
Mirae Asset Emerging Bluechip(G)-Direct Plan Equity - Mid Cap 55.94 0.0980 10.57
Mirae Asset Emerging Bluechip-Reg(D) Equity - Mid Cap 28.85 0.0500 08.29
Mirae Asset Emerging Bluechip-Reg(G) Equity - Mid Cap 52.59 0.0910 09.37
Mirae Asset Great Consumer Fund(D)-Direct Plan Equity - Multi Cap 36.43 0.0950 12.68
Mirae Asset Great Consumer Fund(G)-Direct Plan Equity - Multi Cap 38.68 0.1020 12.76
Mirae Asset Great Consumer Fund-Reg(D) Equity - Multi Cap 16.46 0.0420 09.71
Mirae Asset Great Consumer Fund-Reg(G) Equity - Multi Cap 35.44 0.0910 10.86
Mirae Asset Hybrid Equity Fund(D)-Direct Plan Hybrid - Equity Oriented 13.5 0.0220 09.04
Mirae Asset Hybrid Equity Fund(G)-Direct Plan Hybrid - Equity Oriented 15.78 0.0250 10.02
Mirae Asset Hybrid Equity Fund-Reg(D) Hybrid - Equity Oriented 12.74 0.0190 07.41
Mirae Asset Hybrid Equity Fund-Reg(G) Hybrid - Equity Oriented 14.66 0.0220 08.15
Mirae Asset Large Cap Fund(D)-Direct Plan Equity - Multi Cap 35.86 0.0380 09.08
Mirae Asset Large Cap Fund(G)-Direct Plan Equity - Multi Cap 53.68 0.0580 09.71
Mirae Asset Large Cap Fund-Reg(D) Equity - Multi Cap 17.94 0.0190 07.41
Mirae Asset Large Cap Fund-Reg(G) Equity - Multi Cap 50.55 0.0530 08.49
Mirae Asset Savings Fund(DD)-Direct Plan Debt - Ultra Short Term 1208.93 0.0000 04.96
Mirae Asset Savings Fund(G)-Direct Plan Debt - Ultra Short Term 1733.98 0.8621 07.64
Mirae Asset Savings Fund(MD)-Direct Plan Debt - Ultra Short Term 1165.79 0.5767 05.09
Mirae Asset Savings Fund(QD)-Direct Plan Debt - Ultra Short Term 1011.37 19.4898 04.10
Mirae Asset Savings Fund(WD)-Direct Plan Debt - Ultra Short Term 1454.38 2.4035 04.84
Mirae Asset Savings Fund-Reg Savings Plan(DD) Debt - Ultra Short Term 1005.73 0.2886 04.61
Mirae Asset Savings Fund-Reg Savings Plan(G) Debt - Ultra Short Term 1649.8 0.7917 06.90
Mirae Asset Savings Fund-Reg Savings Plan(MD) Debt - Ultra Short Term 1092.6 0.5244 04.66
Mirae Asset Savings Fund-Reg Savings Plan(QD) Debt - Ultra Short Term 1010.1 14.5081 04.33
Mirae Asset Savings Fund-Reg Savings Plan(WD) Debt - Ultra Short Term 1106.63 1.7274 04.42
Mirae Asset Savings Fund-Reg(DD) Debt - Ultra Short Term 1865.86 0.8958 06.96
Mirae Asset Savings Fund-Reg(G) Debt - Ultra Short Term 1956.32 0.9401 06.92
Mirae Asset Tax Saver Fund(D)-Direct Plan Equity - Tax Saving 15.81 0.0300 10.21
Mirae Asset Tax Saver Fund(G)-Direct Plan Equity - Tax Saving 18.47 0.0360 10.65
Mirae Asset Tax Saver Fund-Reg(D) Equity - Tax Saving 14.87 0.0280 08.31
Mirae Asset Tax Saver Fund-Reg(G) Equity - Tax Saving 17.5 0.0330 08.75
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Mirae Asset Mutual Fund is a subsidiary of Mirae Asset Global Investments Co. Limited, South Korea and made its entry into the Indian market in November 2007. However, Mirae Asset was present in India since 2004 as a Foreign Institutional Investor (FII). Mirae Asset manages $126.5 billion worth of assets globally with more than 165 investment professionals in the countries of Canada, Korea, Brazil, India, China, Australia, United Kingdom, Colombia, United States, Vietnam, Hong Kong, and Taiwan. Mirae Asset was founded in Asia but has made its mark in the global markets to become one of the largest emerging market equity managers in the world. The company boasts of a team-based collaborative strategy of investment. As of 31 March 2018, the investment of Mirae Asset Group in the Indian equity instruments is $3.5 billion and $721 million in debt or fixed income instruments.

Types of Funds offered by Mirae Asset Mutual Fund

Mirae Asset Mutual Fund offers a total of 10 schemes which are categorised under Equity, Hybrid, Thematic, Fixed Income, and Tax Savings. We have briefly explained all of the schemes below.

Equity Funds by Mirae Asset Mutual Fund

As the name clearly suggests, equity funds are ones which invest in equities of companies. Mirae Asset Mutual Fund offers 2 schemes under the equity category.

  1. Mirae Asset India Equity Fund - This scheme was previously called as Mirae Asset India Opportunities Fund and is an open-ended equity oriented scheme. The scheme exhibits flexibility of investing across various themes, market capitalisation, sectors, and investment styles.
    1. Investment Objective - To create capital gain opportunities for the investor by investing in equity and its related instruments.
    2. Ideal for - Investors who are looking at growing their capital over long term and who prefer to invest in a multicap fund that invests in equity and its related securities.

    Scheme features:

    Benchmark Index S&P BSE 200 Index
    Monthly Average Expense Ratio 2.26% - Regular Plan 1.40% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Not Applicable
    Exit Load 1% exit load for exit before 1 year. No exit load for exit after 1 year
    Riskometer Moderately High
    Fund Manager Mr. Neelesh Surana and Mr. Harshad Borawake
  2. Mirae Asset Emerging Bluechip Fund - This is an open-ended equity scheme that invests in large cap and mid cap stocks.
    1. Investment Objective - To generate capital growth and income for the investor by investing in equities and its associated instruments of large and mid cap companies in India.
    2. Ideal for - Investors who seek capital gains over a long term and wish to invest in large and mid cap stocks.

    Scheme features:

    Benchmark Index Nifty Large MidCap 250 Index
    Monthly Average Expense Ratio 2.49% - Regular Plan 1.72% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Fresh lump sum subscriptions has been temporarily suspended since October 2016
    Entry Load Not Applicable
    Exit Load 1% exit load for exit before 1 year. No exit load for exit after 1 year
    Riskometer Moderately High
    Fund Manager Mr. Neelesh Surana

Thematic Funds by Mirae Asset Mutual Fund

Thematic Funds are mutual funds that invest in stocks with a particular theme ranging from commodity, investment style, multi-economy, etc. Thematic funds are prone to volatility and risks but are ideal for investors who have a sound understanding of market trends.

  1. Mirae Asset Healthcare Fund - This is an open-ended equity scheme that invests in equities of healthcare and its related sectors in India. The bucket of investments comprises stocks of pharma, hospitals, medical equipment, diagnostics, etc.
    1. Investment Objective - To create capital appreciation for the investor by investing in equities of companies engaged in the pharma, healthcare and its allied sectors.
    2. Ideal for - Investors who wish to achieve capitals gains over a long term and prefer to invest in healthcare and its associated sectors.

    Scheme features:

    Benchmark Index S&P BSE Healthcare Index
    Total Expense Ratio Might go up to 2.5% of the total assets on any day
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Not Applicable
    Exit Load 1% exit load will be charged if the investor exits the scheme before 1 year from date of allotment. No exit load will be charged on exiting after 1 year
    Riskometer High
    Fund Manager Mr. Vrijesh Kasera and Mr. Neelesh Surana
  2. Mirae Asset Great Consumer Fund - This is an open-ended thematic fund that follows the consumption theme while investing. The fund invests in companies with strong return ratio and exhibiting sustainable competitive advantage. Some of the segments that this fund invests in are FMCG, Education, Realty, Autos, Telecom, e-Commerce, Tourism and Hospitality, etc.
    1. Investment Objective - To generate capital gains for the investor over a long term by investing in stocks of companies that are expected to benefit from demand fuelled by consumption.
    2. Ideal for - Investors who wish to follow the consumption theme for investing and who seek capital gains over long term.

    Scheme features:

    Benchmark Index S&P BSE 200 Index
    Monthly Average Expense Ratio 2.84% - Regular Plan 1.57% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Not Applicable
    Exit Load 1% exit load will be charged if the investor exits the scheme before 1 year from date of allotment. No exit load will be charged on exiting after 1 year
    Riskometer High
    Fund Manager Mr. Ankit Jain

Hybrid Funds by Mirae Asset Mutual Fund

Hybrid funds invest in a mix of equity and debt securities. These type of funds allow investors to invest in multiple asset classes thereby offering a diversified portfolio which also means that the risks are mitigated. In the hybrid category, Mirae Asset Mutual Fund offers one fund - Mirae Asset Hybrid Equity Fund.

  1. Mirae Asset Hybrid Equity Fund - This fund was previously known as Mirae Asset Prudence Fund and is an open-ended scheme that concentrates its investments in equity and related securities while also allocating a lesser portion to debt and money market securities.
    1. Investment Objective - To generate regular income and capital appreciation for the investor by allocating a major portion of the investments in equities and its related instruments.
    2. Ideal for - Investors who wish to gain regular income and grow their capital over a long term.

    Scheme features:

    Benchmark Index CRISIL Hybrid 35 + 65 Aggressive Index
    Monthly Average Expense Ratio 2.48% - Regular Plan 0.98% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Not Applicable
    Exit Load 1% exit load if investor exits before 1 year from allotment date. No exit load for exiting after 1 year.
    Riskometer Moderately High
    Fund Manager Mr. Sudhir Kedia, Mr. Neelesh Surana, and Mr. Mahendra Jajoo

Fixed Income Funds by Mirae Asset Mutual Fund

Fixed income funds offer reliable and risk-free returns to the investors. These funds are usually used by investors to diversify their portfolio. In this category, Mirae Asset Mutual Fund offers 4 schemes and they have all been briefly described below:

  1. Mirae Asset Short Term Fund - This is an open-ended short-term debt scheme that invests in instruments so that the portfolio’s Macaulay Duration is between 1 year to 3 years and follows an accrual-based strategy of investment.
    1. Investment Objective - To offer maximal returns to the investor over a short term by investing in debt and money market securities. The portfolio will exhibit the Macaulay Duration between 1 to 3 years.
    2. Ideal for - Investors who wish to achieve optimal returns on their investments over a short term and prefer investing in safe securities like debt and money market instruments.

    Scheme features:

    Benchmark Index CRISIL Short Term Bond Fund Index
    Monthly Average Expense Ratio 1.30% - Regular Plan 0.53% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Not Applicable
    Exit Load 0.25% exit load will be charged if the investor exits before 1 month from allotment date. No exit load will apply for exit after 1 month
    Riskometer Moderately Low
    Fund Manager Mr. Mahendra Kumar Jajoo
  2. Mirae Asset Dynamic Bond Fund - This is an open-ended dynamic debt scheme that invests across duration and is an actively managed fund. The scheme aims to offer adjusted returns by optimising the risks. Some of the securities that this scheme invests in are government bonds and corporate bonds including repo and reverse repo.
    1. Investment Objective - To create maximal returns for the investor by investing in debt and money market instruments.
    2. Ideal for - Investors who wish to get optimal returns over medium to short term and have a moderate risk appetite.

    Scheme features:

    Benchmark Index CRISIL Composite Bond Fund Index
    Monthly Average Expense Ratio 2.14% - Regular Plan 0.51% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Not Applicable
    Exit Load An exit load of 0.50% will apply if the investor exits before 6 months from unit allotment date. No exit load for exit after 6 months
    Riskometer Moderate
    Fund Manager Mr. Mahendra Jajoo
  3. Mirae Asset Cash Management Fund - This is an open-ended liquid scheme which endeavours to provide stable returns to the investor with minimal risks. It invests in a portfolio of superior quality debt and money market instruments and aims to maintain a 91 days average maturity of the portfolio.
    1. Investment Objective - To fetch consistent returns for the investor as well as offer liquidity by investing in a prudent mix of money market and debt securities.
    2. Ideal for - Investors who wish to achieve optimal returns in a short duration and prefer to invest in debt and money market securities with a 91 days residual maturity.

    Scheme features:

    Benchmark Index CRISIL Liquid Fund Index
    Monthly Average Expense Ratio 0.19% - Regular Plan 0.04% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Not Applicable
    Exit Load Not Applicable
    Riskometer Low
    Fund Manager Mr. Mahendra Jajoo
  4. Mirae Asset Savings Fund - It is an open-ended low duration debt scheme that aims to generate returns based on macro-economic environment and evolving rate of debt and money market securities.
    1. Investment Objective - To generate optimal returns for the investor by investing in a portfolio consisting of money market and debt securities, the Macaulay Duration of which is between 6 months to 12 months.
    2. Ideal for - Investors who are seeking a product with high liquidity, low risk, and prefer to invest in superior quality debt and money market securities over a medium or short duration.

    Scheme features:

    Benchmark Index CRISIL Low Duration Debt Index
    Monthly Average Expense Ratio 0.89% - Regular Plan 0.24% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Not Applicable
    Exit Load Not Applicable
    Riskometer Moderately Low
    Fund Manager Mr. Mahendra Jajoo

Tax Saving Funds by Mirae Asset Mutual Fund

Tax Saving Funds invest in equity and its related securities and have a lock-in period which means that fund units cannot be redeemed during this period. This fund lets investors enjoy tax benefits under Section 80C of the Income Tax Act, 1961. In this category, Mirae Asset Mutual Fund offers one scheme called the Mirae Asset Tax Saver Fund and its features are summarised below:

  1. Mirae Asset Tax Saver Fund - This is an open-ended equity linked savings scheme (ELSS) that has a statutory lock-in period of 3 years. The fund offers tax benefits and invests in equity and its associated securities.
    1. Investment Objective - To provide liquidity, tax benefits, and capital appreciation to the investors by investing in a diversified portfolio mainly consisting of equity and its related instruments.
    2. Ideal for - Investors who wish to grow their capital over a long duration and prefer investing in equity and its associated instruments while also enjoying tax benefits.

    Scheme features:

    Benchmark Index S&P BSE 200 (TRI) Index
    Monthly Average Expense Ratio 2.39% - Regular Plan 1.38% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.500
    Entry Load Not Applicable
    Exit Load Not Applicable
    Riskometer Moderately High
    Fund Manager Mr. Neelesh Surana

Eligibility for investing in Mirae Asset Mutual Funds

The below-mentioned persons or entities are eligible to subscribe to the units of Mirae Asset Mutual Funds:

  • Adult individuals residing in India
  • Minor through legal guardian
  • Partnership firms formed under Partnership Act, 1932
  • Corporate bodies, Public Sector Undertakings (PSUs), firms, association of persons/bodies of registered under the Societies Registration Act, 1961
  • A Hindu Undivided Family (HUF)
  • Limited Liability Partnerships (LLP)
  • Banks (including Regional Rural Banks and Cooperative banks), financial institutions, banking company registered under the Banking Regulation Act, 1949
  • Insurance firms registered with the IRDAI (Insurance Regulatory and Development Authority of India)
  • Non-Resident Indians (NRIs), Persons of Indian Origin (PIO) on repatriation or non-repatriation basis
  • Army, Navy, Air Force, and other para-military funds and institutions
  • Provident/Gratuity/Pension and other such funds
  • Scientific and Industrial Research Organisations
  • A mutual fund through its schemes if permitted by IRDAI
  • International Multilateral Agencies approved by the Reserve Bank of India (RBI) and Government of India
  • Trustee, AMC, or sponsor associates
  • Public Financial Institutions (PFIs), Foreign Portfolio Investors (FPIs) registered with SEBI (Securities and Exchange Board of India) on repatriation basis, Qualified Foreign Investors (QFIs)
  • Special Purpose Vehicles approved by RBI
  • Religious and charitable trusts

Documents Required for Investing in Mirae Asset Mutual Funds

Anyone who wishes to invest in a mutual fund is required to comply with the Know-Your-Customer (KYC) guidelines and to do that, having a Personal Account Number (PAN) is a must. Investors can register their PAN card with any intermediary of SEBI such as a broker, mutual fund house, etc.

The KYC process can be done in 2 ways - physical KYC, where the investor needs to submit all the documents physically at the office of the intermediary, and e-KYC, where the investor just needs to enter his/her Aadhaar number online. For investment up to Rs.50,000, the e-KYC process will hold valid but for investments greater than Rs.50,000, the investor has to complete the physical KYC process.

For the physical KYC process, the investor has to download the KYC form from either the official website of mutual fund houses, registrars (e.g. CAMS, Karvy) and the AMFI (Association of Mutual Funds of India). After that, he/she needs to fill up the form and submit it along with the below-mentioned documents at the nearest investor service center or at any mutual fund house office:

  • Identity Proof (PAN Card, Driving Licence, Passport, Voter ID, etc.)
  • Address Proof (Passport, Aadhaar card, Driving Licence, etc.)

Investors will need to carry the originals of the above mentioned documents. The KYC is a one-time process and once it is completed, investors can invest in mutual funds of any fund house.

How to invest in Mirae Asset Mutual Funds online?

To invest in Mirae Asset Mutual Funds, you need to ensure that you are KYC (Know Your Customer) compliant. Once you have completed the KYC Process, you can follow the below given steps to invest online:

  1. Visit the official website of Mirae Asset Mutual Fund.
  2. On the home page, click on the ‘Investor Centre’ tab.
  3. The left side of the page will have a ‘How To Invest’ section. Under that, select the ‘Wish to invest’ button.
  4. Once you click, you will need to choose the ‘Invest Online’ option.
  5. You will then be redirected to the Mirae Asset transact@ease page. To invest, you will need to click on the ‘New Investor’ tab.
  6. Follow the given instructions to invest and in case of any questions, you can refer to the FAQ section available on the left hand side of the page.

Why choose Mirae Asset Mutual Funds?

  • Mirae Asset Global Investments have extensive investment capabilities that focus on world’s major emerging economies.
  • Possess deep understanding of the investment dynamics of the markets in which they invest.
  • The investment platform is diversified across alternative and traditional asset classes.
  • The global team of Mirae Asset Mutual Funds consists of more than 165 investment professionals who invest after thorough on-the-ground research of strategically important markets.
  • Provides investors with astute financial strategies and attractive returns on their investments.
  • Mirae Asset Mutual Funds is one of Asia’s largest fund managers and it manages assets worth $126.5 billion worldwide.

Frequently Asked Questions (FAQs)

  • How do I update my mobile number and email ID in my folio if I haven’t registered them while creating the folio?
  • Answer: You can update your mobile number and your email ID online under the ‘Edit Contact Details’ tab only if you have either one of the information updated while creating the folio. However, if you have not updated any information, you will need to contact the customer care helpline number at 1800-2090-777.

  • Can I use my Credit Card or Debit card to purchase units online?
  • Answer: No. You can transact online only if you have Netbanking facility enabled with your bank.

  • What is Mirae Asset transact@ease?
  • Answer: It is an online platform that investors of Mirae Asset Mutual Funds can use to transact. The feature is accessible at the link - https://transact.miraeassetmf.co.in/investor and investors can purchase, redeem, switch units, download account statements using this platform.

  • How do I enrol enrol myself and generate my PIN for Mirae Asset transact@ease?
  • Answer: If you hold a folio with Mirae Asset Mutual Fund, you need to make sure that the folio has your phone number and email ID registered under it. You will then need to visit the link - https://transact.miraeassetmf.co.in and follow the instructions provided. You will find the option to generate PIN and once you have completed the process, you will receive an email with a link for generating the PIN. Once you click the link, your PIN will be sent to your mobile number.

  • Can I use Mirae Asset transact@ease to register for SIP?
  • Answer: Yes. You can register for SIP through the Mirae Asset transact@ease platform.

  • Will my online transactions on Mirae Asset transact@ease be charged?
  • Answer: No. All the transactions carried out on Mirae Asset transact@ease are offered free of cost. However, you should get in touch with your bank to check if there are any charges applicable at their end.

  • Can I use a single PIN for all my different portfolios?
  • Answer: Unfortunately no. Each folio will have a separate PIN allotted to it. However, since your User ID is your email ID, you can link all the folios under it and then change the PIN received to the PIN of your choice. That way you can have the same PIN for all the folios.

  • Are my online transactions safe?
  • Answer: All the transactions carried out on the platform of Mirae Asset Mutual Funds are Secure Sockets Layer (SSL) certified to ensure that the interests of the investors are protected.

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GST rate of 18% applicable for all financial services effective July 1, 2017.

News About Mirae Asset Mutual Fund

  • Assets Under Management of Mutual Fund Sector Falls 2.83% in May

    The Association of Mutual Funds in India recently reported that the AUM of the mutual fund sector in India declined by 2.83% in May this year, now standing at Rs.22.60 lakh crore in comparison with the Rs.23.25 lakh crore recorded in April. The main reason for the decline was reported as the outflows in liquid and income schemes. However, in terms of YoY figures, the mutual fund sector recorded growth of 18.68%, making an increase from the Rs.19.04 lakh crore recorded in May last year. The Assets Under Management under equity schemes, balanced schemes and other ETFs for May this year was recorded at Rs.10 lakh crore, marking a MoM decline of 0.25%. However, in terms of YoY figures, it marked an increase of 36.42%.

    19 June 2018

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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