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
Name | Fund size | Expense Ratio | 1 Y | 3 Y |
---|---|---|---|---|
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Global - Other Very High Risk | ₹1,570 Cr | 0.71% | 82.7% | 26.7% |
Mirae Asset Midcap Fund Direct Growth Mid-Cap Very High Risk | ₹15,139 Cr | 0.57% | 53.0% | 25.9% |
Mirae Asset Great Consumer Fund Direct Growth Equity - Consumption Very High Risk | ₹3,351 Cr | 0.42% | 37.7% | 24.3% |
Mirae Asset Emerging Bluechip Direct Growth Large & Mid-Cap Very High Risk | ₹34,974 Cr | 0.61% | 40.7% | 19.7% |
Mirae Asset Tax Saver Fund Direct Growth ELSS (Tax Savings) Very High Risk | ₹22,471 Cr | 0.57% | 36.2% | 19.3% |
Mirae Asset Equity Allocator Fund of Fund Direct Growth Fund of Funds Very High Risk | ₹705 Cr | 0.24% | 34.9% | 18.9% |
Mirae Asset Banking and Financial Services Fund Direct Growth Sector - Financial Services Very High Risk | ₹1,702 Cr | 0.59% | 24.3% | 17.0% |
Mirae Asset Healthcare Fund Direct Growth Sector - Healthcare Very High Risk | ₹2,236 Cr | 0.5% | 52.1% | 16.0% |
Mirae Asset Hybrid Equity Fund Direct Growth Aggressive Allocation Very High Risk | ₹8,545 Cr | 0.37% | 25.3% | 15.4% |
Mirae Asset Large Cap Fund Direct Growth Large-Cap Very High Risk | ₹38,060 Cr | 0.53% | 24.0% | 15.3% |
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
Jignesh Rao
₹1,451 Cr
AUM
1
Schemes
₹1,451 Cr
AUM
1
Schemes
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Mutual fund name | Mirae Asset Mutual Fund |
AMC Setup Date | 30 November 2007 |
AMC Incorporation Date | 20 November 2006 |
Sponsor name | Mirae Asset Global Investments Co. Ltd. |
Trustee organisation | Mirae Asset Trustee Company Pvt. Ltd. |
CIO | Neelesh Surana |
Compliance Officer | Ritesh Patel |
MD and CEO | Swarup Mohanty |
Investor Service Officer | Girish Dhanani |
Updated as of | February 2024 |