Mirae Asset Mutual Fund
Mirae Asset Mutual Fund is a wholly owned subsidiary of Mirae Asset Global Investments. It started its business in India in 2008. Initially, it was run by the asset management company (AMC) Mirae Asset Global Investments (India) Private Limited. In 2020, the fund was shifted to the AMC Mirae Asset Investment Managers (India) Private Limited.
The AMC had assets under management (AUM) worth Rs. 1,63,996 crore by the end of January 2024. It has over 61 lakh folios and a monthly SIP book of Rs. 879 crore. Mirae currently has 22 branches in the country. The company offers 54 primary mutual fund schemes as of Dec 2023. Out of these, there are 32 equity schemes, 15 debt schemes, 5 hybrid schemes, and 2 other schemes.
Mirae Mutual Fund Key Information
Best Mirae Asset Mutual Funds
AUM ₹85 Cr •
Expense 0.7%
AUM ₹1983 Cr •
Expense 0.7%
AUM ₹622 Cr •
Expense 0.7%
AUM ₹337 Cr •
Expense 0.9%
AUM ₹47 Cr •
Expense 2.1%
AUM ₹2085 Cr •
Expense 0.6%
AUM ₹8084 Cr •
Expense 0.6%
AUM ₹2982 Cr •
Expense 0.5%
AUM ₹2785 Cr •
Expense 0.5%
AUM ₹3944 Cr •
Expense 0.4%
AUM ₹40725 Cr •
Expense 0.5%
AUM ₹26537 Cr •
Expense 0.6%
AUM ₹103 Cr •
Expense 0.5%
AUM ₹17185 Cr •
Expense 0.6%
AUM ₹44 Cr •
Expense 0.2%
AUM ₹22 Cr •
Expense 0.2%
AUM ₹30 Cr •
Expense 0.1%
AUM ₹14 Cr •
Expense 0.6%
AUM ₹1790 Cr •
Expense 0.4%
AUM ₹15 Cr •
Expense 0.5%
Management Team | |
Swarup Anand Mohanty | CEO |
Neelesh Surana | Chief Investment Officer |
Ritesh Patel | Chief Compliance Officer |
Top Fund Managers of Mirae Asset Mutual Fund
Compare Mirae Asset Mutual Fund with other AMCs
AMC | AUM(in Cr) | AUM change (1M) | AUM Rank | |
|---|---|---|---|---|
 ICICI | ₹8.9L Cr | + ₹20.7K Cr | 1/44 | Invest |
 HDFC | ₹8.7L Cr | + ₹31.6K Cr | 2/44 | Invest |
 SBI | ₹8.1L Cr | + ₹17.2K Cr | 3/44 | Invest |
 Kotak | ₹5.2L Cr | + ₹25.7K Cr | 4/44 | Invest |
 Nippon | ₹4.6L Cr | + ₹32.2K Cr | 5/44 | Invest |
 Aditya Birla Sun Life | ₹4.1L Cr | + ₹7.8K Cr | 6/44 | Invest |
 Axis | ₹3.4L Cr | + ₹13.3K Cr | 7/44 | Invest |
 UTI | ₹2.4L Cr | + ₹3.9K Cr | 8/44 | Invest |
How to Start Investing in Mirae Asset Mutual Fund with INDmoney.
Now that you know about Mirae Asset Mutual Funds, you just need to follow a few simple steps to start your investment with INDmoney, which are stated below.
Step 1: Download the INDmoney app and create your free investment account by completing your KYC ( Know Your Customer).
Step 2: Once your Free investment account is ready, you can either search for Mirae Asset Mutual Fund or go to the mutual fund section.
Step 3: Choose any Mirae Asset Mutual Fund by looking at aspects like past returns, volatility, downside capture ratio, AUM, Expense ratios and underlying stocks and sectors.
Step 4: You can choose to set up SIP in any Mirae Asset Mutual Fund or even invest as a lump sum. Once you are on the individual Mirae Asset Mutual Fund page click from the bottom "One-time" for lump sum investment or "SIP" for a systematic investment plan.
Step 5: Choose the amount that you want to invest as SIP or Lump Sum.
Step 6: Set up payments. If you choose to set up SIP in any Mirae Asset Mutual Fund, you can do a free automatic pay set-up via bank mandate or UPI. If you choose to invest in a lump sum (one-time) then you can pay via UPI, net banking, NEFT or RTGS.
Key information about Mirae Asset Mutual Fund
Mirae Asset Investment Managers (India) Private Limited. Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098
1800-2090-777/ 022-67800300
You can call from Monday to Saturday between 9 am to 6 pm.
Frequently asked questions
How safe are investments in Mirae Asset Mutual Fund?
Mirae Asset Mutual Fund is regulated by SEBI. This ensures the security of your investment. As far as returns are concerned, it depends on the scheme you have invested in. You should read all scheme-related documents to judge how safe or risky a scheme is.
Can I invest in Mirae Asset Mutual Fund online?
Yes, you can use the INDmoney app or website to invest in Mirae Asset Mutual Fund.
For how long should I invest in Mirae Asset Mutual Fund?
You should study the scheme-related documents to decide the duration of your investment. The investment duration should be aligned with your financial goals.
How can I get a statement for Mirae Asset Mutual Fund?
You can use the INDmoney app or website to get a statement for your mutual fund investments.
Which factors should I consider before investing in a mutual fund?
You can judge the following factors for investing in a mutual fund:
- Experience of fund manager
- Past performance of the fund
- AMC’s reputation
- Your risk appetite
- Investment duration
- Scheme’s portfolio
Is investment through INDmoney free?
Yes, you can invest in mutual funds for free using INDmoney’s app or website.