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Mirae Asset India Mutual Funds

Mirae Asset India Mutual Funds

About This AMC

In November 2007, Mirae Asset launched its mutual fund, marking its second overseas business after Hong Kong. Although the company had been operating as a foreign institutional investor (FII) in India since 2004, it commenced domestic business only in 2008.

Previously known as Mirae Asset Global Investments (India) Private Limited ("MAGI India"), the company underwent a name change to its current name: Mirae Asset Mutual Fund.

Thanks to the consistent performance of their equity schemes, Mirae Asset Mutual Fund has rapidly grown and become a popular brand name among retail investors.

Heading the company is Swarup Mohanty, the Chief Executive Officer (CEO) and Director of Mirae Asset Investment Managers (India) Private Limited. Neelesh Surana is the Chief Investment Officer (CIO) and one of the senior-most fund managers in India.

Mirae Asset Mutual Fund manages one of the largest schemes in India: Mirae Asset Large Cap Fund (₹35,000+ crore)

As of February 2024

Schemes

54

AUM

₹1,63,012 Cr

AUM growth

-₹4,815 Cr

Fund managers

21

Explore Mirae Asset India Mutual Funds

NameFund sizeExpense Ratio1 Y3 Y
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
₹1,570 Cr0.71%80.9%26.1%
Mirae Asset Midcap Fund Direct Growth
₹15,139 Cr0.57%53.0%25.9%
Mirae Asset Great Consumer Fund Direct Growth
Mirae Asset Great Consumer Fund Direct Growth

Equity - Consumption Very High Risk

₹3,351 Cr0.42%37.7%24.3%
Mirae Asset Emerging Bluechip Direct Growth
Mirae Asset Emerging Bluechip Direct Growth

Large & Mid-Cap Very High Risk

₹34,974 Cr0.61%40.7%19.7%
Mirae Asset Tax Saver Fund Direct Growth
Mirae Asset Tax Saver Fund Direct Growth

ELSS (Tax Savings) Very High Risk

₹22,471 Cr0.57%36.2%19.3%
Mirae Asset Equity Allocator Fund of Fund Direct Growth
₹705 Cr0.24%34.9%18.9%
Mirae Asset Banking and Financial Services Fund Direct Growth
Mirae Asset Banking and Financial Services Fund Direct Growth

Sector - Financial Services Very High Risk

₹1,702 Cr0.59%24.3%17.0%
Mirae Asset Healthcare Fund Direct Growth
Mirae Asset Healthcare Fund Direct Growth

Sector - Healthcare Very High Risk

₹2,236 Cr0.5%52.1%16.0%
Mirae Asset Hybrid Equity Fund Direct Growth
Mirae Asset Hybrid Equity Fund Direct Growth

Aggressive Allocation Very High Risk

₹8,545 Cr0.37%25.3%15.4%
Mirae Asset Large Cap Fund Direct Growth
₹38,060 Cr0.53%24.0%15.3%
View all Mirae Asset India Mutual Funds

Top Mirae Asset India Fund Managers

MJ

Mahendra Jajoo

₹10,948 Cr

AUM

4

Schemes

₹12,191 Cr

AUM

4

Schemes

₹3,218 Cr

AUM

9

Schemes

₹53,542 Cr

AUM

4

Schemes

JR

Jignesh Rao

₹1,451 Cr

AUM

1

Schemes

₹1,451 Cr

AUM

1

Schemes

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All about Mirae Asset India Mutual Funds

Key Information

Mutual fund nameMirae Asset Mutual Fund
AMC Setup Date30 November 2007
AMC Incorporation Date20 November 2006
Sponsor nameMirae Asset Global Investments Co. Ltd.
Trustee organisationMirae Asset Trustee Company Pvt. Ltd.
CIONeelesh Surana
Compliance OfficerRitesh Patel
MD and CEOSwarup Mohanty
Investor Service OfficerGirish Dhanani
Updated as ofFebruary 2024