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Mirae Mutual Funds

About Mirae Asset Mutual Fund

Starting in the backdrop of the Asian financial crisis in 1997, Mirae moved cautiously initially, containing itself only to the Korean Market. After solidifying its presence in the Korean market, Mirea expanded to the global market and established its first overseas office in Hong Kong in 2003. Mirae is present in several countries, including India, Australia, Canada, Brazil, the UK, the USA, and Vietnam.

In a short span, Mirae has achieved several landmarks. In 1998 they became the first AMC company to offer mutual funds to retail investors. It launched the first overseas investment in South Korea - Mirae Asset Retirement Pension Fund - in 2005. Mirae entered the markets of India and the USA in 2007.

Mirae Asset Global Investment (India) Pvt. Ltd., launched in 2007, became their second overseas office after Hong Kong.

Mirae entered the Indian market in 2004 as a foreign institutional investor, but they didn’t start domestic operations until 2008. Today, Mirae mutual funds are one of the fastest-growing companies in India. They currently have thirty-eight schemes, with a total asset under management (AUM) of over Rs.100908.71 crores.

Mirae has significantly increased its market presence in India in a short period. From 51,304 folios in 2013, it went up to 11 lakh folios in 2018.

Mirae Asset Mutual Funds Key Information

The following are some of the key information regarding the Mirae asset management company -

Founding date November 30 2007
AMC Incorporation date November 20 2006
Headquarters in Mumbai
Name of the sponsors Mirae Asset Global Investment co. Ltd.
Trustee organisation Mirae Asset Trustee Company Pvt. Ltd.
MD and CEO Swarup Mohanty
Chief Investment Officer Neelesh Surana
Compliance Officer Ritesh Patel
Investor Service Officer Girish Dhanani

Mirae Asset Mutual Fund Manager

Top fund managers of Mirae asset management company.

The names mentioned below are the top fund managers of Mirae asset management company.


Swarup Mohanty


Mohanty comes with two decades of industry experience working in various capacities. He is currently the Chief Executive Officer of Mirae Asset Global Investments (India Pvt.), which he joined in 2011.

He started his career in 1996 as the head of fixed deposits at Tata Finance before moving to Kotak Mahindra AMC. Before Mirae, he also worked briefly in Birla Sun Life AMC and Franklin Templeton.

Mohanty is a commerce graduate from BJB College and a PGDBM in Finance from the Fore School of Management.


Neelesh Surana



Mahendra Jajoo



Krishna Kanhaiya


How to Invest in Mirae Asset Mutual Funds?

Investing in Mirae asset management company, or any other mutual fund is simple from your Angel One account. You need to follow the steps below.

Step 1: Log in to your Angel One account with your mobile number and validate OTP. Next, you must enter the MPIN.
If you don’t have an Angel One Demat account, now you can open one in minutes by submitting your documents online.

Step 2: Explore different mutual fund options to select one that suits your investment needs and risk profile. You can learn more about each fund on Angel One’s app. At this stage consider the following to find the right fund for investing.

  1. You can search for the fund or take cues from the funds listed on Angel One’s app.
  2. Analyse the fund’s past performance, tax incidences, and the sector where it invests. You can use a calculator to calculate potential returns from the fund.
  3. Understand the level of risk of investing in the fund and compare it with your risk-taking abilities.
  4. Check the fund’s rating. It usually ranges from 1 to 5.
  5. Compare the fund’s expense ratio to determine the actual cost of investing.

Step 3: Once you have selected the fund(s), log in to your Angel One account and go to the mutual fund section. You can select the fund from there.
Remember that a mutual fund is a long-term investment. So, you may make a careful choice. Consider the factors below.

  1. Lumpsum or SIP investment.
  2. Amount you want to invest and preferred method of payment. UPI is the most desired option but you can also choose to pay via Net Banking.
  3. If investing through SIP, you can also set a mandate for automatic debit.

You can learn more about Mirae asset management funds in the Angel One’s App.

Top 5 Mirae Asset Management Company funds to invest in

Returns and risks are the primary metrics to choose a mutual fund scheme. The relationship between potential risk and probable return reflects the possibilities of investing in a mutual fund.

The following are some of the top-performing Mirae Asset Management funds.**

Name of the Fund Sub Category Minimum Lumpsum (Rs.) AUM (Rs. in crore) CAGR 3Y (%) CAGR 5Y (%)
Mirae Asset Midcap Fund Direct Growth Mid Cap Fund 5,000 8,875 41.86 23.13
Mirae Asset Tax Saver Equity Linked Savings Scheme (ELSS) 500 14,042 36.82 15.75
Mirae Asset Emerging Bluechip Fund Direct Growth Large & Mid Cap Fund Not allowed 23,702 35.98 15.49
Mirae Asset Equity Savings Fund Direct Growth Equity Savings 5,000 573 18.60 10.93
Mirae Asset Overnight Fund Direct Growth Overnight Fund 5,000 1,014 3.94 4.08

Disclaimer: The above-mentioned top funds are for informational purposes only and are not recommendations. The funds are based on 5-yr CAGR dated 20th March 2023, which is subject to change frequently. Check out real-time data in the Mutual Funds section on Angel One.

Mirae Asset Midcap Fund Direct-Growth

This fund is an equity fund (>98% investment in equities) that invests in companies ranking between 101-250 in terms of market capitalisation. It has generated a 41.86% CAGR in the last three years.
Investors can begin investing with a minimum SIP amount of Rs.1000 or a lumpsum of Rs. 5000.

Mirae Asset Tax Saver

It is an ELSS scheme, designed to offer tax advantages to investors under section 80c of the Income Tax Act, 1961. A major portion of the fund’s corpus gets invested in equity and equity-related instruments.
Investors can choose to invest in lumpsum or SIP. The minimum investment amount for both is Rs. 500.
Mirae Asset Tax Saver is an equity fund and carries risks of market investment.

Mirae Asset Emerging Bluechip Fund Direct-Growth

Mirae Asset Emerging Bluechip Fund Direct-Growth is an equity fund. It invests in large and mid-cap company stocks to generate capital appreciation for investors with moderate risk.
An investor can begin investing with a SIP.

Mirae Asset Equity Savings Fund Direct-Growth

Mirae Asset Equity Savings Fund comes in the category of ESS, invests in a mix of equity, debt, and arbitrage. This fund has a 40% investment in equities and a 30.7% and 20.5% investment in cash and debt securities.
The minimum investment required is Rs. 5000 in a lump sum and Rs.1000 in SIP.

Mirae Asset Overnight Fund Direct-Growth

This fund has 99% investment in equities, making it a pure equity fund. The minimum investment amount for lump sum investment is Rs. 5000 and Rs. 1000 for SIP.
This fund comes under the debt category. The fund was made available to investors in 2019 under the supervision of Mahendra Kr. Jajoo.
The minimum SIP investment amount is fixed at Rs. 1000. The minimum lump sum amount is Rs. 5000. The fund has a five-star rating in the debt fund category and is selected as low-risk.


Should I invest in the Mirae Asset Mutual Funds scheme?

Mirae Asset Mutual Funds is a reputed fund house in India. It offers a variety of schemes across asset classes. You can choose to invest in one according to your financial goal, risk profile, and investment horizon.

Also, evaluate individual funds based on risk, past performance, volatility, expense ratio, etc. given on the Angel One platform to make data-backed investment decisions.

How to start Mirae Asset Mutual Funds SIP online?
Search for your desired scheme on Angel One under the Mutual Fund section. Enter a comfortable instalment amount and click on proceed. Before doing this, ensure you have enough funds in your account for the transaction to go through. Alternatively, you can also start an online SIP vis the AMC website.
How to redeem Mirae Asset Mutual Funds online?
You can redeem your units Mirae Asset Mutual Funds in two ways - via AMC’s website and Angel One. For the latter route, head to Mutual Funds section under Angel One App or visit
How much time does it take to redeem Mirae Asset Mutual Funds?
Redemption of equity, debt, and conservative hybrid funds generally happens within 2-4 working days of the withdrawal initiation. The proceeds are transferred to your registered bank account. The proceeds of liquid funds takes 1-2 working days to be deposited in your bank account.
What are the redemption charges of Mirae Asset Mutual Funds?
The redemption charges include exit load and certain taxes. The exit load of the fund depends on the type of the scheme, the tenure of the investment (long term or short term) and the total amount that you have invested.
How to increase the SIP amount in Mirae Asset Mutual Funds?
There are three ways to increase the SIP amount - through the Angel One website, the Angel One App or directly through the AMC website. In case of some AMCs, it may not be possible to increase the SIP and you have to set up a new SIP scheme to add to the existing one.
How can I get the Mirae Asset Mutual Funds statement?
Go to the Angel One app or website and check in the mutual funds section. You may also choose to visit the official website of the AMC.
Are Mirae Asset Mutual Funds schemes tax-free?
There are funds that fall under the category of equity linked savings scemes or ELSS that allow you to claim a tax deduction of up to Rs. 1.5 lakh under Section 80C every financial year from your taxable income.

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