Best Mirae Asset Mutual Fund Schemes

Fund Name
Ratings
Ratings in Descending
Rating in Ascending
Risk
Risk in Descending
Risk in Ascending
3Y Returns
Three Years Returns in Descending
Three Years Returns in Ascending
AUM
Asset Under Management in Descending
Asset Under Management in Ascending

Mirae Asset Midcap Fund Direct Growth

Equity Mid Cap Fund

2.5

Very High

25.52%

₹14,251.70 cr.

Mirae Asset Midcap Fund Direct IDCW Payout

Equity Mid Cap Fund

2.5

Very High

25.5%

₹14,251.70 cr.

Mirae Asset Midcap Fund Direct IDCW Reinvestment

Equity Mid Cap Fund

2.5

Very High

25.5%

₹14,251.70 cr.

Mirae Asset Great Consumer Fund Direct Plan Growth

Equity Sectoral / Thematic

0

Very High

23.18%

₹3,182.73 cr.

Mirae Asset Great Consumer Fund Direct IDCW Payout

Equity Sectoral / Thematic

0

Very High

23.16%

₹3,182.73 cr.

Mirae Asset Great Consumer Fund Direct IDCW Reinvestment

Equity Sectoral / Thematic

0

Very High

23.16%

₹3,182.73 cr.

Mirae Asset Large and Midcap Fund Direct Plan IDCW Payout

Equity Large & Mid Cap Fund

3

Very High

22.55%

₹33,618.78 cr.

Mirae Asset Large and Midcap Fund Direct Plan IDCW Reinvestment

Equity Large & Mid Cap Fund

3

Very High

22.55%

₹33,618.78 cr.

Mirae Asset Large and Midcap Fund Direct Plan Growth

Equity Large & Mid Cap Fund

3

Very High

19.91%

₹33,618.78 cr.

Mirae Asset ELSS Tax Saver Fund Direct Plan Growth

Equity ELSS

3.5

Very High

19.51%

₹21,475.97 cr.

Mirae Asset ELSS Tax Saver Fund Direct Plan IDCW Payout

Equity ELSS

3.5

Very High

19.49%

₹21,475.97 cr.

Mirae Asset Equity Allocator Fund Of Fund Direct IDCW Payout

Other FoFs Domestic

0

Very High

18.4%

₹678.48 cr.

Mirae Asset Equity Allocator Fund Of Fund Direct IDCW Reinvestment

Other FoFs Domestic

0

Very High

18.4%

₹678.48 cr.

Mirae Asset Equity Allocator Fund of Fund Direct Growth

Other FoFs Domestic

0

Very High

18.37%

₹678.48 cr.

Mirae Asset Banking and Financial Services Fund Direct Growth

Equity Sectoral / Thematic

0

Very High

17.36%

₹1,593.76 cr.

Mirae Asset Banking and Financial Services Fund Direct IDCW Payout

Equity Sectoral / Thematic

0

Very High

17.3%

₹1,593.76 cr.

Mirae Asset Banking and Financial Services Fund Direct IDCW Reinvestment

Equity Sectoral / Thematic

0

Very High

17.3%

₹1,593.76 cr.

Mirae Asset Healthcare Fund Direct Growth

Equity Sectoral / Thematic

0

Very High

16.78%

₹2,235.15 cr.

Mirae Asset Healthcare Fund Direct IDCW Payout

Equity Sectoral / Thematic

0

Very High

16.74%

₹2,235.15 cr.

Mirae Asset Healthcare Fund Direct IDCW Reinvestment

Equity Sectoral / Thematic

0

Very High

16.74%

₹2,235.15 cr.

Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Payout

Hybrid Aggressive Hybrid Fund

4

Very High

15.67%

₹8,400.93 cr.

Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Reinvestment

Hybrid Aggressive Hybrid Fund

4

Very High

15.67%

₹8,400.93 cr.

Mirae Asset Aggressive Hybrid Fund Direct Plan Growth

Hybrid Aggressive Hybrid Fund

4

Very High

15.67%

₹8,400.93 cr.

Mirae Asset Large Cap Fund Direct IDCW Payout

Equity Large Cap Fund

3

Very High

15.19%

₹37,884.61 cr.

Mirae Asset Large Cap Fund Direct IDCW Reinvestment

Equity Large Cap Fund

3

Very High

15.19%

₹37,884.61 cr.

Mirae Asset Large Cap Fund Direct Plan Growth

Equity Large Cap Fund

3

Very High

15.18%

₹37,884.61 cr.

Mirae Asset Focused Fund Direct IDCW Payout

Equity Focused Fund

2.5

Very High

13.46%

₹8,425.01 cr.

Mirae Asset Focused Fund Direct IDCW Reinvestment

Equity Focused Fund

2.5

Very High

13.46%

₹8,425.01 cr.

Mirae Asset Focused Fund Direct Plan Growth

Equity Focused Fund

2.5

Very High

13.45%

₹8,425.01 cr.

Mirae Asset ESG Sector Leaders Fund of Fund Direct Growth

Other FoFs Domestic

0

Very High

13.16%

₹111.71 cr.

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

GM

Gaurav Misra

Fund Manager since Apr 2019 (5 years)

NS

Neelesh Surana

Fund Manager since Nov 2015 (8 years)

AJ

Ankit Jain

Fund Manager since Jul 2023 (9 months)

HB

Harshad Borawake

Fund Manager since Jan 2024 (3 months)

VK

Vrijesh Kasera

Fund Manager since Feb 2023 (1 year)

BS

Bharti Sawant

Fund Manager since Apr 2022 (2 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

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.

Mirae Asset Midcap Fund

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.

Mirae Asset Great Consumer Fund

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.

Mirae Asset Emerging Bluechip

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.

Mirae Asset Tax Saver Fund

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.

Mirae Asset Equity Allocator FoF

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.

Mirae Asset Focused Fund

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.

Mirae Asset Large Cap Fund

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.

Mirae Asset Hybrid Equity Fund

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.

Mirae Asset Healthcare Fund

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.

Mirae Asset Equity Savings Fund

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.

Mutual Funds Calculators

Mirae Asset Mutual Fund FAQs

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
mutual funds

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?

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.