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Mirae Asset Mutual Fund

AUM
₹2,29,565.45 cr.
No. of Schemes
158
AMC Age
19Yrs
Mirae Asset Mutual Funds is a leading AMC in India. It is a subsidiary of Mirae Asset Financial Group, South Korea. The AMC offers several mutual fundMirae Asset Mutual Funds is a leading AMC in India. It is a subsidiary of Mirae Asset Financial Group, South Korea. The AMC offers several mutual fund schemes across equity, debt, and hybrid categories.Read More

List of Top Mirae Asset Mutual Fund Schemes

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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 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.

Mirae Asset Mutual Fund 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 Managers

EG

Ekta Gala

Fund Manager since Aug 2023 (3 years)

HB

Harshad Borawake

Fund Manager since Aug 2023 (3 years)

AJ

Ankit Jain

Fund Manager since Aug 2023 (3 years)

RP

Ritesh Patel

Fund Manager since Jul 2024 (2 years)

MJ

Mahendra Jajoo

Fund Manager since Aug 2023 (3 years)

How to Invest in Mirae Asset Mutual Fund via Angel One?

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.

Documents Required To Invest in Mirae Asset Mutual Fund

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:

  1. PAN Card Details (Compulsory)
  2. Personal Information (Full Name, Mobile Number, Email Address)
  3. Address Proof - We recommend using your Aadhar Card, both front and back sides.
  4. Bank Account Details, including a cancelled cheque if required.
  5. Nominee details and FATCA Declarations

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.

Top 10 Mirae Asset Mutual Fund to Invest

Scheme Category AUM (in ₹ Cr) 3-Yr Returns (%) 1-Yr Return (%)
Mirae Asset NYSE FANG+ETF FoF Equity 2,010.37 41.80 78.60
Mirae Asset S&P 500 Top 50 ETF FoF Equity 685.19 28.03 62.12
Mirae Asset Healthcare Fund Equity 2,652.24 18.82 12.31
Mirae Asset Nifty India Manufacturing ETF FoF Equity 105.58 18.16 8.83
Mirae Asset Great Consumer Fund Equity 3,942.01 17.71 7.84
Mirae Asset Midcap Fund Equity 15,460.84 16.31 0.52
Mirae Asset Banking and Financial Services Fund Equity 1,735.72 13.91 5.90
Mirae Asset ELSS Tax Saver Fund Equity 24,007.47 13.53 6.37
Mirae Asset Equity Allocator FoF Equity 847.92 12.92 3.80
Mirae Asset Hang Seng TECH ETF FoF Equity 86.32 12.77 98.66
  Note: All data is as of February 2025, and the selected funds have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.

1. Mirae Asset NYSE FANG+ETF FoF

The Mirae Asset NYSE FANG+ETF FoF is an open-ended fund-of-funds scheme that invests in the Mirae Asset NYSE FANG+ ETF. The fund provides exposure to high-growth technology and innovation-driven companies listed on the NYSE FANG+ Index. The fund is managed by Ekta Gala and Vishal Singh and is benchmarked against the NYSE FANG+ Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 90 days from the date of allotment. No exit load applies thereafter.

  1. Mirae Asset S&P 500 Top 50 ETF FoF

The Mirae Asset S&P 500 Top 50 ETF FoF is an open-ended fund-of-funds scheme that invests in the Mirae Asset S&P 500 Top 50 ETF. The fund provides exposure to the top 50 companies in the S&P 500 Index based on market capitalisation. The fund is managed by Ekta Gala and Vishal Singh and is benchmarked against the S&P 500 Top 50 Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 90 days from the date of allotment. No exit load applies thereafter.

  1. Mirae Asset Healthcare Fund

The Mirae Asset Healthcare Fund is an open-ended equity scheme focusing on companies in the healthcare and pharmaceutical sectors. The fund aims to achieve long-term capital appreciation by investing in businesses with strong growth potential in healthcare innovation and medical advancements. The fund is managed by Vrijesh Kasera and is benchmarked against the NIFTY Healthcare Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 90 days from the date of allotment. No exit load applies thereafter.

  1. Mirae Asset Nifty India Manufacturing ETF FoF

The Mirae Asset Nifty India Manufacturing ETF FoF is an open-ended fund-of-funds scheme that invests in the Mirae Asset Nifty India Manufacturing ETF. The fund provides exposure to companies engaged in India's growing manufacturing sector. The fund is managed by Ekta Gala and Vishal Singh and is benchmarked against the NIFTY India Manufacturing Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 90 days from the date of allotment. No exit load applies thereafter.

  1. Mirae Asset Great Consumer Fund

The Mirae Asset Great Consumer Fund is an open-ended equity scheme that focuses on companies benefiting from India's growing consumption demand. The fund aims to generate long-term capital appreciation by investing in businesses across various consumer-driven sectors. The fund is managed by Ankit Jain and Siddhant Chhabria and is benchmarked against the NIFTY India Consumption Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 90 days from the date of allotment. No exit load applies thereafter.

  1. Mirae Asset Midcap Fund

The Mirae Asset Midcap Fund is an open-ended equity scheme predominantly investing in mid-cap stocks. The fund seeks to achieve long-term capital appreciation by identifying mid-sized companies with strong growth potential. The fund is managed by Ankit Jain and is benchmarked against the NIFTY Midcap 150 Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 90 days from the date of allotment. No exit load applies thereafter.

  1. Mirae Asset Banking and Financial Services Fund

The Mirae Asset Banking and Financial Services Fund is an open-ended equity scheme that focuses on the banking and financial services sector. The fund aims to generate long-term capital appreciation by investing in companies within the financial ecosystem, including banks, NBFCs, and insurance firms. The fund is managed by Gaurav Kochar and is benchmarked against the NIFTY Financial Services Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 90 days from the date of allotment. No exit load applies thereafter.

  1. Mirae Asset ELSS Tax Saver Fund

The Mirae Asset ELSS Tax Saver Fund is an open-ended equity-linked savings scheme that offers tax benefits under Section 80C of the Income Tax Act. The fund invests across market capitalisations to achieve long-term capital appreciation while providing tax-saving benefits. The fund is managed by Neelesh Surana and is benchmarked against the NIFTY 500 Total Return Index. The scheme has a lock-in period of 3 years, with no exit load applicable.

  1. Mirae Asset Equity Allocator FoF

The Mirae Asset Equity Allocator FoF is an open-ended fund-of-funds scheme that invests in domestic equity ETFs. The fund follows an asset allocation strategy to provide long-term capital growth through a diversified portfolio of equity ETFs. The fund is managed by Bharti Sawant and is benchmarked against the NIFTY 200 Total Return Index. The scheme applies an exit load of 0.25% if units are redeemed within 7 days from the date of allotment. No exit load applies thereafter.

  1. Mirae Asset Hang Seng TECH ETF FoF

The Mirae Asset Hang Seng TECH ETF FoF is an open-ended fund-of-funds scheme that invests in the Mirae Asset Hang Seng TECH ETF. The fund provides exposure to technology-focused companies listed on the Hong Kong Stock Exchange. The fund is managed by Ekta Gala and Vishal Singh and is benchmarked against the Hang Seng TECH Total Return Index. The scheme applies an exit load of 1% if units are redeemed within 90 days from the date of allotment. No exit load applies thereafter.

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Mirae Asset Mutual Fund FAQs

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.

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.

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
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.
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.
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.
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.
Mirae Asset Tax Saver Fund falls under the category of equity linked savings schemes or ELSS that allow you to claim a tax deduction of up to ₹1.5 lakh under Section 80C every financial year from your taxable income.
Mirae Asset Mutual Fund Open NFO
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Mirae Asset Nifty 500 Healthcare ETF Direct Plan
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Mirae Asset Nifty India Infrastructure and Logistics ETF Direct Plan
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Mirae Asset BSE India Defence ETF Direct Plan
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Mirae Asset BSE India Defence ETF FoF Direct Plan Growth
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Mirae Asset BSE India Defence ETF FoF Direct Plan IDCW Payout
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