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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 51 schemes. As of August 31, 2023, Mirae MF had a total asset under management (AUM) of over ₹1,42,869 crore. Mirae has significantly increased its market presence in India in a short period. From 51,304 folios in 2013, it went up to 58 lakh folios in 2023.
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 |
GM
Gaurav Misra
Fund Manager since Apr 2019 (4 years)
NS
Neelesh Surana
Fund Manager since Nov 2015 (8 years)
AJ
Ankit Jain
Fund Manager since Jul 2019 (4 years)
MJ
Mahendra Jajoo
Fund Manager since Mar 2023 (8 months)
HB
Harshad Borawake
Fund Manager since Jul 2022 (1 year)
VK
Vrijesh Kasera
Fund Manager since Feb 2023 (8 months)
BS
Bharti Sawant
Fund Manager since Apr 2022 (1 year)
SS
Siddharth Srivastava
Fund Manager since Aug 2022 (1 year)
EG
Ekta Gala
Fund Manager since Jul 2023 (4 months)
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.
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.
You can learn more about Mirae asset management funds in the Angel One’s App.
Investing in Mirae Asset Mutual Fund through Angel One is a breeze, thanks to our seamless and fully digital KYC process. To complete your KYC, you’ll need to furnish the following essential documents:
Angel One simplifies the KYC verification, ensuring quick and efficient access to Mirae Asset Mutual Funds for both new and returning investors. With our user-friendly platform, your financial goals are well within reach. Your KYC process will be completed in just 48-72 business hours, allowing you to start your mutual fund journey without delay.
| Name of the Fund | Sub Category | AUM (₹in crore) | Minimum Investment (₹) | CAGR 3Y (%) | CAGR 5Y (%) |
| Mirae Asset Midcap Fund | Mid Cap Fund | 11919.24 | 1000 | 33.94 | 0 |
| Mirae Asset Great Consumer Fund | Sectoral Fund – Consumption | 2589.47 | 5000 | 26.87 | 18.86 |
| Mirae Asset Emerging Bluechip | Large & Mid Cap Fund | 28439.27 | 1000 | 25.72 | 20.09 |
| Mirae Asset Tax Saver Fund | Equity Linked Savings Scheme (ELSS) | 17630.49 | 500 | 24.79 | 18.94 |
| Mirae Asset Equity Allocator FoF | FoFs (Domestic) – Equity Oriented | 513.12 | 5000 | 22.18 | – |
| Mirae Asset Focused Fund | Focused Fund | 9214.38 | 5000 | 21.32 | – |
| Mirae Asset Large Cap Fund | Large Cap Fund | 35349.07 | 5000 | 20.17 | 14.36 |
| Mirae Asset Hybrid Equity Fund | Aggressive Hybrid Fund | 7721.75 | 5000 | 19.07 | 14.49 |
| Mirae Asset Healthcare Fund | Sectoral Fund – Pharma & Health Care | 1812.41 | 5000 | 15.68 | 21.44 |
| Mirae Asset Equity Savings Fund | Equity Savings | 690.22 | 5000 | 13.39 | – |
**All data as of October 4, 2023.
Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.
This fund falls into the category of Mid Cap Funds, focusing on mid-sized companies. It currently manages assets worth ₹11,919.24 crore, with an expense ratio of 0.65%. Over the past 3 years, it has delivered a Compound Annual Growth Rate (CAGR) of 33.94%. The minimum investment required for this fund is ₹1,000.
Classified as a Sectoral Fund with a focus on the Consumption sector, this fund manages assets totalling ₹2,589.47 crore, maintaining a low expense ratio of 0.48%. It has shown a 26.87% CAGR over the last 3 years. The minimum investment threshold for this fund is ₹5,000.
This Large & Mid Cap Fund manages an AUM of ₹28,439.27 crore, with an expense ratio of 0.67%. It has delivered a 25.72% CAGR over 3 years. The minimum investment required to participate in this fund is ₹1,000.
Operating as an Equity Linked Savings Scheme (ELSS), this fund has an AUM of ₹17,630.49 crore, along with an expense ratio of 0.66%. It has displayed a 24.79% CAGR in the last 3 years. The minimum investment amount for this fund is ₹500.
As a Fund of Funds (FoF) – Domestic Equity Oriented fund, it manages an AUM of ₹513.12 crore, maintaining an extremely low expense ratio of 0.03%. It has delivered a 22.18% CAGR over the last 3 years. The minimum investment threshold for this fund is ₹5,000.
This Focused Fund operates with an AUM of ₹9,214.38 crore and an expense ratio of 0.61%. Over the past 3 years, it has generated a 21.32% CAGR. The minimum investment required for this fund is ₹5,000.
Categorised as a Large Cap Fund, it manages a substantial AUM of ₹35,349.07 crore, with an expense ratio of 0.54%. It has recorded a 20.17% CAGR in the last 3 years. The minimum investment amount for this fund is ₹5,000.
An Aggressive Hybrid Fund, this fund oversees assets worth ₹7,721.75 crore, boasting a low expense ratio of 0.41%. Over 3 years, it has demonstrated a 19.07% CAGR. The minimum investment to participate in this fund is ₹5,000.
Focusing on the Pharma & Health Care sector, this Sectoral Fund manages an AUM of ₹1,812.41 crore. Its expense ratio is 0.58%, and it has delivered a 15.68% CAGR over 3 years. The minimum investment threshold for this fund is ₹5,000.
Categorised as an Equity Savings fund, it manages an AUM of ₹690.22 crore with an expense ratio of 0.42%. Over the past 3 years, it has provided a 13.39% CAGR. The minimum investment amount required for this fund is ₹5,000.
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.
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
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