The fund manager’s experience is directly linked to the performance of the schemes. You must evaluate the track record and qualifications of the fund manager before choosing a particular scheme. The chances of good returns naturally increase in the hands of a qualified fund manager.

You can check the past performance of Neelesh Surana, Fund Manager of Mirae Asset MF who has over 15 years of experience as a fund manager. He has previously worked at ASK Investment Managers Pvt Ltd.

Evaluate the previous performance of the scheme to judge its strengths and weaknesses. If the scheme has done well in the past, it will give you reason to be confident about its future and its stable returns.

The Mirae Asset Midcap Fund Direct-Growth has grown 24.30% annually over the past 3 years.

The expense ratio is the fees that you need to pay as a fee of the fund manager as well as operating expenses related to your investment. You must note that funds with a low expense ratio give you better and higher returns than the ones with a high expense ratio.

Exit load is the fee that the fund houses charge from investors when they redeem in mutual funds. It is usually denoted as a percentage of the Net Asset Value (NAV) of the total units held by the investor. Investing in a fund with a low or zero exit load is always preferable to investing in a scheme with a higher exit load, due to better returns opportunity.

The portfolio of every scheme is unique. As a result, each scheme is suited to different durations of investment. Study the portfolio and decide for how long you should invest.

You can also use INDmoney’s Mirae Asset Mutual Fund calculator to calculate your approximate return by just entering a few details.

It is a fee that you have to pay if you withdraw from a particular Mirae Asset Mutual Fund scheme before a specific time period. Not all mutual funds charge exit loads, so before investing in a mutual fund check their terms and conditions.

Download the INDmoney app and create your free investment account by completing your KYC ( Know Your Customer).

Once your Free investment account is ready, you can either search for Mirae Asset Mutual Fund or go to the mutual fund section.

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.

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. 

Choose the amount that you want to invest as SIP or LumpSum. 

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.