Best Performing Mirae Asset Mutual Funds 2022

About Mirae Asset Mutual Funds

 

The Mirae Asset Mutual Funds was introduced in India in 2007, after establishing a solid investor base in other countries. The Mirae Asset Mutual Fund Financial Group is an independent financial services provider in Asia that offers asset management, wealth management, and life insurance as its key services. Mirae means “The Future” in Korean, and Mirae Asset MF’s mission is to safeguard and manage your funds in order to ensure your financial future. Mirae Asset Securities typically generate great returns on investments that meet the customers’ diverse financial objectives.

 

Since its 1997 founding in Korea, Mirae Asset Group has supplied investors with extensive investing and wealth options. Mirae Asset Mutual Fund’s pioneering attitude and unwavering dedication resulted in consistent and stable returns, propelling them to the top of Korea’s indirect investment sector. In addition, it has expanded its operations to several Asian countries and achieved a prominent place in the Indian MF industry. Providing an extensive selection of online mutual fund investment plans in India, it has assisted a great number of investors in making remarkable earnings and achieving their financial objectives with relative simplicity. In India, Mirae MF is sponsored by Mirae Asset Global Investments Co., Ltd. and is administered by Mirae Trustee Company Pvt. Ltd.

 

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Best Mirae Asset Mutual Funds In India (as per 3-Year Return)

 

Funds 3-Year Return AUM (INR)(Cr)
Mirae Asset Healthcare Fund 29.51% 1,754.25
Mirae Asset Midcap Fund 27.84% 8,753.21
Mirae Asset Emerging Bluechip 21.27% 23,779.72
Mirae Asset Tax Saver Fund 20.54% 13,611.45
Mirae Asset Great Consumer Fund 19.66% 2,043.48
Mirae Asset Focused Fund 19.07% 8,821.63
Mirae Asset Large Cap Fund 15.90% 34,279.18

 

Source: AMFI (Data as of 07/11/2022)

 

How can you invest in Mirae Asset Mutual Funds Through Kuvera?

 

You can invest in direct mutual funds through Kuvera and avoid paying commissions. It is the best platform to invest in mutual funds as it is 100% free and helps you find the right investment for your life goals.

 

To invest in mirae asset mutual funds via Kuvera, follow the given steps:

 

Step 1: Sign up at www.kuvera.in. 

 

Step 2: Complete the KYC requirements and link your bank account.

 

Step 3: Click on MF in the Explore section to choose mutual funds for investment.

 

Top Fund Managers of Mirae Asset Mutual Funds

 

  • Mr Nilesh Surana

 

Mr. Surana is the Chief Investment Officer (CIO) of Equity at Mirae Asset Mutual Fund at the present time. In 2008, he joined Mirae Asset. Since then, has played an essential part in its development. Before becoming the chief investment officer, he was the head of equity research and investment at the fund house. In addition, he is responsible for liaising with international partners by providing them with investment research support. In addition, he holds a degree in Mechanical Engineering and an MBA in Finance. He was associated with ASK Investment Managers Ltd. before to joining Mirae Asset MF. In addition, he manages the Large Cap Fund, the Emerging Blue Chip Fund, the Tax Saver Fund, and the Hybrid Equity Fund.

 

  • Mr. Harshad Borawake

 

Mr. Borawake joined Mirae Mutual Fund in 2016 as the Director of Equity Research. In addition to his skills in Financials, Oil & Gas, and the economy, he has solid research and investment process experience. Mr. Borawake has more than 15 years of expertise in his field. His areas of experience include Oil & Gas, Financials, Logistics, and Aviation. Before joining Mirae Asset India, he was the vice president of research at Motilal Oswal Securities. At Capmetrics & Risk Solutions, he also served as an Equity Research Analyst. Mr. Borawake holds a B.E. in Polymer Engineering and an MBA in Finance. Additionally, he runs the Large Cap fund and the Equity Savings Fund (hybrid fund)

 

  • Mr Ankit Jain

 

Mr. Jain joined the Mirae Asset Mutual Fund as an Equity Analyst in 2015. He is the Associate Fund Manager – Equity at now. He is accountable for offering assistance with the global mid cap mandates. Mr. Jain has eight or more years of experience in stock research and portfolio management. He worked at Equirius Securities Pvt. Ltd. and Infosys Ltd. before to joining Mirae Mutual Fund. He has a Bachelor of Technology in Information and Communications Technology (ICT). And a Finance-specific MBA. Presently, he runs the Great Consumer Fund, the Mid Cap Fund, and the Emerging Bluechip Fund. 

 

  • Mr Gaurav Mishra

 

Mr. Misra is the Senior Equity Fund Manager for Mirae Asset India at present. He runs the Mirae Asset Focused Fund and the Mirae Asset Large Cap Fund at now. Additionally, he has more than 24 years of experience. In addition, his competence lies in investment management and institutional and private equity research. Prior to joining the fund company, he spent fourteen years at ASK Investment Managers Pvt. Ltd. He also holds a Bachelor of Arts in Economics with Honors from St. Stephen’s College in Delhi. Additionally, he has an MBA from IIM Lucknow.

 

Closer Look of Top Performing Mirae Asset Equity Mutual Funds (as per 3-year return)

 

  • Mirae Asset Healthcare Fund

 

The Mirae Asset Healthcare Fund Direct – Growth is a Sectoral-Pharmaceutical mutual fund from Mirae Asset Mutual Fund. This fund has existed for four years and four million dollars since its inception on June 11, 2018. As of 7th November 2022, Mirae Asset Healthcare Fund Direct – Growth has INR 1,754.25 Crores in assets under management (AUM) and is a medium-sized fund within its category. The fund’s expense ratio of 0.56% is lower than that of the majority of other Sectoral-pharma funds.

 

  • The growth returns of the Mirae Asset Healthcare Fund Direct during the past year were -1.94 percent. Since its inception, it has generated average yearly returns of 21.95%. Every three years, the fund has doubled the money invested in it.

 

  • The majority of the fund’s assets are invested in the Healthcare, Chemicals, Insurance, and Financial sectors. It has less exposure to the Healthcare and Chemicals industries than other funds in the same category.

 

  • Sun Pharmaceutical Inds. Ltd., Cipla Ltd., Apollo Hospitals Enterprise Ltd., Dr. Reddy’s Laboratories Ltd., and Torrent Pharmaceuticals Ltd. are the top five holdings of the fund.

 

  • Mirae Asset Midcap Fund

 

Mirae Asset Midcap Fund Direct – Growth is a Mid Cap mutual fund product offered by Mirae Asset Mutual Fund. This fund has existed for three years and four million dollars since its inception on July 8, 2019. As of 7th November 2022, Mirae Asset Midcap Fund Direct – Growth has 8,753.21 Crores in assets under management (AUM) and is a medium-sized fund within its category. Its expense ratio of 0.65% is comparable to that of the majority of Mid Cap funds.

 

  • The growth rate of the Mirae Asset Midcap Fund Direct during the past year was 3.73 percent. Since its inception, it has generated average yearly returns of 28.96%. Every three years, the fund has doubled the money invested in it.

 

  • The majority of the fund’s assets are allocated to the Financial, Automobile, Healthcare, Materials, and Consumer Discretionary sectors. It has less exposure to the Financial and Automotive sectors than other funds in its category.

 

  • Federal Bank Ltd., TVS Motor Co. Ltd., Axis Bank Ltd., Bharat Forge Ltd., and Shriram Transport Finance Co. Ltd. are the top five holdings of the fund.

 

  • Mirae Asset Emerging Bluechip

 

Mirae Asset Emerging Bluechip Fund Direct-Growth is a plan of Mirae Asset Mutual Fund’s Large & MidCap mutual fund. This fund has existed for 9 years and 10 months, having been established on 01/01/2013. As of 7th November 2022, the Mirae Asset Emerging Bluechip Fund Direct-Growth has 23,779.72 Crores in assets under management (AUM) and is a medium-sized fund within its category. The fund’s expense ratio of 0.7% is lower than that of the majority of other Large & Midcap funds.

 

  • The one-year returns for the Mirae Asset Emerging Bluechip Fund Direct-Growth were -2.09 percent. Since its inception, it has generated average yearly returns of 22.81%. Every three years, the fund has doubled the money invested in it.

 

  • The majority of the fund’s assets are invested in the Financial, Automobile, Healthcare, Energy, and Technology industries. It has less exposure to the Financial and Automotive sectors than other funds in its category.

 

  • HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., State Bank of India, and Infosys Ltd. are the top five holdings of the fund.

 

  • Mirae Asset Tax Saver Fund

 

Mirae Asset Tax Saver Fund Direct-Growth is an ELSS scheme offered by Mirae Asset Mutual Fund. This fund has existed for 6 years and 11 months, having been established on November 20, 2015. As of 7th November 2022, the Mirae Asset Tax Saver Fund Direct-Growth has 13,611.45 Crores in assets under management (AUM) and is a medium-sized fund within its category. The expense ratio of the fund is 0.5%, which is less than what the majority of Elss funds charge.

 

  • The returns of the Mirae Asset Tax Saver Fund Direct-Growth during the past year were -0.24%. Since its inception, it has generated average yearly returns of 19.85%. Every three years, the fund has doubled the money invested in it.

 

  • The majority of the fund’s assets are invested in the Financial, Technology, Energy, Healthcare, and Automobile industries. It has less exposure to the Financial and Technology sectors than other funds in the same category.

 

  • HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Infosys Ltd., and Axis Bank Ltd. are the top five holdings of the fund.

 

  • Mirae Asset Great Consumer Fund

 

The Thematic-Consumption Mirae Asset Great Consumer Fund Direct-Growth is a mutual fund scheme offered by Mirae Asset Mutual Fund. This fund has existed for 9 years and 10 months, having been established on 01/01/2013. As of 7th November 2022, the Mirae Asset Great Consumer Fund Direct-Growth has 2,043.48 Crores in assets under management (AUM) and is a medium-sized fund within its category. The fund’s expense ratio of 0.49% is lower than the expense ratios of the majority of other Thematic-consumption funds.

 

  • The one-year returns for the Mirae Asset Great Consumer Fund Direct-Growth were 9.40%. Since its inception, it has generated average yearly returns of 17.99%. Every three years, the fund has doubled the money invested in it.

 

  • The majority of the fund’s assets are invested in the Consumer Staples, Automobile, Financial, Materials, and Services industries. It has less exposure to the Consumer Staples and Automotive sectors than other funds in the same category.

 

  • ITC Ltd., Bharti Airtel Ltd., Hindustan Unilever Ltd., TVS Motor Co. Ltd., and Maruti Suzuki India Ltd. are the top five holdings of the fund.

 

  • Mirae Asset Focused Fund

 

Focused mutual fund program offered by Mirae Asset Mutual Fund. This fund has existed for three years and six months, having been established on 7th November 2022. As of 30 September 2022, Mirae Asset Focused Fund Direct – Growth has 8,821.63 Crores in assets under management (AUM) and is a medium-sized fund within its category. The fund’s expense ratio of 0.51% is lower than that of the majority of other Focused funds.

  • The one-year growth rate for the Mirae Asset Focused Fund Direct was -5.86%. Since its inception, it has generated average yearly returns of 21,72 %. Every three years, the fund has doubled the money invested in it.

 

  • The majority of the fund’s assets are invested in the Financial, Technology, Energy, Automobile, and Healthcare industries. It has less exposure to the Financial and Technology sectors than other funds in the same category.

 

  • HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd., Reliance Industries Ltd., and Axis Bank Ltd. are the top five holdings of the fund.

 

  • Mirae Asset Large Cap Fund

 

Mirae Asset Large Cap Vehicle Direct- Growth is a Large Cap fund from Mirae Asset Mutual Fund. This fund has existed for 9 years and 10 months, having been established on 01/01/2013. As of 7th November 2022, Mirae Asset Large Cap Fund Direct- Growth has 34,279.18 Crores in assets under management (AUM) and is a medium-sized fund within its category. The fund’s expense ratio of 0.5% is greater than that of the majority of other Large Cap funds.

 

  • One-year returns for the Mirae Asset Large Cap Fund Direct- Growth were 1.12%. Since its inception, it has generated average yearly returns of 16.93%. Every three years, the fund has doubled the money invested in it.

 

  • The majority of the fund’s assets are invested in the Financial, Automobile, Healthcare, Energy, and Technology industries. It has less exposure to the Financial and Automotive sectors than other funds in its category.

 

  • HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., State Bank of India, and Infosys Ltd. are the top five holdings of the fund.

 

FAQs

 

  • How to Start Mirae Asset Mutual Funds SIP Online?

 

One can start investing in Mirae Asset Mutual Funds SIP Online through Kuvera Without any hassles. Otherwise they can invest in repsective fund websites.

 

  • How to redeem a Mirae Asset Mutual Funds?

 

To redeem Mirae Asset Mutual Funds through offline mode, one can visit the nearest fund house and submit a form. Alternatively, an investor can also visit the official website and redeem the investment by signing in with the folio number. They can also withdraw their Mirae Asset Mutual Fund investments from any online portal where they have invested.

 

  • What are Focused Funds?

 

A focused mutual fund is a type of equity mutual fund that invests in a restricted number of stocks. According to Securities and Exchange Board of India regulations, these funds may invest in a maximum of 30 equities (SEBI). However, certain funds, such as Multicap mutual funds, can invest in any market category, including large cap, mid cap, and small cap.

 

  • What are Sector Funds?

 

A sectoral fund is a type of equity fund that invests investor capital in companies within the same industry or sector. These funds enable investors to gain exposure to specific economic sectors by investing solely in companies from that sector.

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