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Mirae Asset Mutual Fund, sponsored by Mirae Asset Global Investment Co. Limited, South Korea provides a diversified investment base to the investors and some best mutual fund schemes. Founded in the wake of Asian currency crisis, Mirae Asset Management Company (AMC) has emerged as one of the largest global investors. They have given high mutual fund returns for both short term and long term investment plans.
This AMC offers a mixed bag of investment plans and mutual fund schemes. Mr. Swarup Anand Mohanty is the Chief Executive Officer of Mirae Asset Global Investment while there is a pool of mutual fund managers who look into various types of mutual fund options offered with aggressive, conservative and moderate risks.
Table of Content:
Mutual Funds offered by Mirae Asset Management Company
Mirae Asset Equity Mutual Funds
Given below are some of the best Mirae Asset Equity Mutual Funds which are monitored by professional fund managers to serve the long-term investment goals of the investors. These funds might be risky because the major portion of resources are allocated into shares/stocks of different companies. However, Equity Mutual Funds are also popular for the high returns accrued.
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| Mirae Asset Dynamic Bond Fund | – | – | 12.31 | 33.28 |
| Mirae Asset Savings Fund | – | – | 10.75 | 48.61 |
| Mirae Asset Cash Management Fund | 7.02 | 7.41 | 2042.85 | 3327.57 |
| Mirae Asset Short Term Fund | – | – | 11.39 | 73.87 |
Mirae Asset Debt Mutual Funds
In comparison to Equity Mutual Funds, Mirae Asset Debt Mutual Funds are less risky and suitable for investors who are unwilling to invest in volatile schemes. In such funds, the majority of assets are placed in the fixed income generating schemes like corporate bonds, government securities, treasury bills, commercial paper and other money market instruments.
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| Mirae Asset Dynamic Bond Fund | – | – | 12.31 | 33.28 |
| Mirae Asset Savings Fund | – | – | 10.75 | 48.61 |
| Mirae Asset Cash Management Fund | 7.02 | 7.41 | 2042.85 | 3327.57 |
| Mirae Asset Short Term Fund | – | – | 11.39 | 73.87 |
Mirae Asset Hybrid Mutual Funds
Mirae Asset Hybrid Mutual Funds are worthy for the investors interested in diverse portfolios. As the assets are allocated in both equities & debts, there is a decent chance of fair valuation of wealth and decent accumulation of returns. Hybrid Mutual Funds take up a balanced portfolio where professional assistance is provided for proper placement of the resources in varying proportions in equity and debt based on the investment objective of the fund.
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| Mirae Asset Equity Savings Fund | – | – | 10.75 | 48.61 |
| Mirae Asset Hybrid Equity Fund | 11.21 | – | 15.76 | 2037.71 |
How to Invest in Mirae Asset Mutual Funds via Paisabazaar.com?
Step 1: Go to Paisabazaar.com, Select the ‘Mutual Fund’ option.
Step 2: If yo are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 3: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 4: Select the Mirae Asset Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 5: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 6:You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days. If you’re not KYC Compliant, you will need to complete your KYC before investing in mutual fund schemes.
How to Complete Your KYC Check for Mirae Asset AMC?
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
If you’re a first time customer, you need to get your KYC Check before investing in Mutual Funds.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Companies)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your KYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of Mirae Asset Mutual Fund or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your Mutual Fund eKYC process is done!
Documents Required for Mirae Asset Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
1. Identity Proof
- Aadhaar Card
- PAN Card
- Passport
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Passport
- Recent Utility Bill
- Rental/Lease Agreement
Mirae Asset AMC Fund Managers
From the whole team of Fund Management, here are some of the professionals behind monitoring and assessing of different fund types:
Neelesh Surana
Neelesh is the Chief of Investments at Mirae Asset Global Investments (India) Pvt. Ltd. He is working for the same AMC since 2008 with just the right skills for research and fund management function. He has an overall experience of 24 years in equity research and portfolio monitoring.
Gaurav Misra
Gaurav is a fund manager with 23 years of experience in the domain. He is working at Mirae Asset AMC as a manager of several Equity Funds- Mirae Asset Focused Fund and co-fund manager of Mirae Asset India Equity Fund. He is an MBA from IIM (Lucknow) and B.A.Economics (Hons.) from Delhi. He was previously associated with ASK Investment Managers Pvt. Ltd.
Mahendra
Mahendra manages the fixed-income investments in Mirae Asset AMC. He has an overall experience of 25 years where he worked for financial services including 14 years of experience in Fixed Income funds management. In Mirae Asset Pvt. Ltd., Mahendra takes care of the debt schemes such as-Mirae Asset Savings Fund, Mirae Asset Dynamic Bond Fund and Mirae Asset Cash Management Fund.
Abhishek Iyer
Abhishek is a trained fund manager with more than 10 years of experience in the Financial Sector. He has previously worked with other Asset Management Companies such as IDBI Asset Management Company Ltd., India Infoline Asset Management Company Limited, L&T Asset Management Company Limited and Sahara Asset Management Company Limited (Fixed Incomes). Abhishek is capable of taking robust decisions and strategic decisions for the benefit of the investor as well as the AMC.
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.
Read more on the costs associated with Mutual Funds, Here