Mirae Asset Investment Managers (India) Private Limited

Mirae Asset Investment Managers (India) Private Limited

Headquartered in Seoul, South Korea, Mirae Asset Financial Group has established itself as a significant player in the Asian financial market. Its asset management division, Mirae Asset Global Investments, began operations in 1997 and quickly expanded internationally. Today, Mirae Asset Mutual Fund operates in 14 countries across 5 continents, including regions such as the USA, Europe, and India, providing prudent investment solutions through its asset management services. Mirae Asset was founded by Hyeon Joo Park during the Asian currency crisis, initially focusing on the Korean market. In 1998, it became the first asset management company in Korea to offer mutual funds to retail investors. After securing a strong foothold in Korea, the company expanded globally, starting with its Hong Kong office in 2003. Over time, Mirae Asset extended its reach to India, Australia, Canada, Brazil, Indonesia, the USA, the UK, and Vietnam, among other countries. In its relatively short history, Mirae Asset Mutual Funds has achieved numerous milestones previously unseen from Korean AMCs. In 2005, it launched South Korea's first overseas investment fund, the Mirae Asset Retirement Pension Fund. Just two years later, the company entered the Indian and UK markets. By the following year, Mirae Asset expanded to the USA and Brazil, earning recognition as a leading investor in emerging Asian markets. The company also made history in China by establishing Mirae Asset Huachen Fund Management, the first joint venture AMC by a Korean firm in the country. Mirae Asset Global Investments (India) Pvt. Ltd. began operations in November 2007, marking the company's second overseas branch after Hong Kong. Although Mirae Asset had been active in India as a foreign institutional investor since 2004, it launched its domestic business in 2008. Currently, the Indian arm manages assets worth over ₹1,61,740.88 crore across 38 schemes. Mirae Asset is one of the fastest-growing AMCs in India, witnessing a rapid rise from 51,304 folios in 2013 to over 11 lakh by 2018, in just five years.

List of Mirae Asset Investment Managers (India) Private Limited in India

Fund Name

Rating

1Y Return

3Y Return

Fund Size (in Cr)

Mirae Asset Healthcare Fund Direct Growth

NA

37.65%

20.55%

₹2742.91 Cr

Mirae Asset Great Consumer Direct Plan Growth

NA

19.25%

20.01%

₹4156.07 Cr

Mirae Asset Midcap Fund Direct Growth

3

17.15%

19.00%

₹16695.38 Cr

Mirae Asset Banking and Financial Services Fund Direct Growth

4

11.45%

14.83%

₹1857.40 Cr

Mirae Asset ELSS Tax Saver Fund -Direct Plan-Growth

4

16.32%

14.31%

₹25315.16 Cr

Mirae Asset Equity Allocator Fund of Fund Direct Growth

NA

14.03%

13.72%

₹865.08 Cr

Mirae Asset Large & Midcap Fund Direct Plan Growth

4

14.31%

13.60%

₹38680.34 Cr

Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth

3

14.44%

12.28%

₹9054.40 Cr

Mirae Asset Large Cap Fund Direct Plan Growth

4

13.61%

10.91%

₹39554.76 Cr

Mirae Asset Equity Savings Fund Direct Growth

5

12.28%

10.45%

₹1374.07 Cr

Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

3

11.77%

9.54%

₹101.02 Cr

Mirae Asset Focused Fund Direct Growth

2

17.18%

8.79%

₹8286.63 Cr

Mirae Asset Arbitrage Fund Direct Growth

NA

8.24%

7.05%

₹3061.15 Cr

Mirae Asset Ultra Short Duration Fund Direct Growth

5

7.94%

6.72%

₹1666.59 Cr

Mirae Asset Low Duration Fund Direct Plan Growth

4

8.06%

6.64%

₹1163.73 Cr

Mirae Asset Money Market Fund Direct Growth

4

7.89%

6.61%

₹1656.38 Cr

Mirae Asset Short Duration Direct Growth

3

8.64%

6.60%

₹365.39 Cr

Mirae Asset Liquid Fund Direct Plan Growth

NA

7.45%

6.53%

₹15672.78 Cr

Mirae Asset Corporate Bond Fund Direct Growth

3

8.66%

6.21%

₹42.16 Cr

Mirae Asset Banking and PSU Fund Direct Growth

3

8.60%

6.17%

₹53.40 Cr

Key information about mirae asset mutual funds

Mutual fund name

Mirae Asset Mutual Fund

Asset Management Company Name

Mirae Asset Investment Managers (India) Private Limited

AMC Setup Date

30-Nov-2007

AMC Incorporation Date

20-Nov-2006

Sponsor Name

Mirae Asset Global Investments Co. Ltd

Trustee Organisation

Mirae Asset Trustee Company Pvt. Ltd

CIO

Mr. Neelesh Surana,Mr. Mahendra Kumar Jajoo

MD & CEO

Mr. Swarup Mohanty

Compliance Officer

Ms. Rimmi Jain, Mr. Ritesh D. Patel

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How can you invest in mirae asset mutual funds Mutual Funds

To invest in mirae asset mutual funds Mutual Funds through the Lemonn App, you can follow these general steps:


Step 1 : Download the Lemonn App

If you haven't already, download the Lemonn App from the Google Play Store or Apple App Store.


Step 2 : Sign up / Log in

Sign up by providing your phone number and completing the basic registration process.

If you already have an account, simply log in.


Step 3 : Complete KYC

Before investing, ensure your KYC (Know Your Customer) verification is complete. Most mutual fund apps will guide you through this. You’ll need PAN, Aadhaar, and other necessary details.


Step 4 : Search for mirae asset mutual funds Mutual Funds

Once your KYC is done, search for the mirae asset mutual funds Mutual Fund schemes you're interested in by using the search bar.


Step 5 : Choose a Scheme

You will see a list of various funds under mirae asset mutual funds. Explore the options, check their performance, risk profile, and investment objectives.

Choose a scheme that aligns with your investment goals (e.g., equity, debt, hybrid funds).


Step 6 : Decide on the Investment Amount

You can either make a lump sum investment or set up a SIP (Systematic Investment Plan) to invest a fixed amount periodically.


Step 7 : Confirm the Investment

Enter the amount you wish to invest.

Review the details and confirm the payment method (Net Banking, UPI, etc.).

After making the payment, you will receive a confirmation of your investment.


Step 8 : Track Your Investment

You can track the performance of your mirae asset mutual funds Mutual Funds on the Lemonn App dashboard. It will show NAV, returns, and other key details.


If you need any assistance, the Lemonn App usually has customer support or chat options to help. Keep an eye on expenses like entry/exit loads and expense ratios to optimize returns!

Top Fund Managers

Mr. Swarup Mohanty
Mr. Swarup Mohanty currently serves as the Chief Executive Officer of Mirae Asset Global Investments (India Pvt. Ltd.), a role he assumed in February 2016 after joining the firm as Head of Sales in 2011. With over two decades of experience, Mr. Mohanty has an extensive background in investment and equity markets. He began his career in 1996 as the Head of Fixed Deposits at Tata Finance Ltd., then progressed to Kotak Mahindra AMC, where he managed operations for North and Eastern India. His career also includes key roles at Birla Sun Life AMC and Franklin Templeton, along with a position as National Head of Sales at Religare AMC before joining Mirae Asset. Mr. Mohanty holds a Bachelor’s degree in Commerce from BJB College and a Post Graduate Diploma in Business Management (PGDBM) in Finance from the Fore School of Management.

Mr. Neelesh Surana
Mr. Neelesh Surana is the Chief Investment Officer at Mirae Asset Global Investments (India) Ltd., where he has made substantial contributions over his decade-long tenure. Initially serving as Head of Equity, Mr. Surana has been instrumental in driving the firm’s growth and strengthening its market position. In his role as CIO, he is responsible for overseeing the firm’s investment strategy, equity research, and portfolio management across various funds. He also collaborates with Mirae’s global partners, providing research support for international investments. Mr. Surana’s academic background includes both engineering and management from prestigious institutions. Before joining Mirae Asset, he served as a Senior Portfolio Manager at ASK Investment Managers Ltd., gaining extensive experience in portfolio and equity management.

Mr. Mahendra Kumar Jajoo
Mr. Mahendra Kumar Jajoo serves as the Head of Fixed Income at Mirae Asset Global Investments (India) Pvt. Ltd., a role he has excelled in over the last three years. His impressive 25-year tenure in the finance sector, especially in Fixed Income, has been pivotal to Mirae's growth in this segment. A Chartered Accountant and CFA, Mr. Jajoo is known for his expertise in managing fixed income portfolios. Throughout his career, he has led Fixed Income divisions at reputable institutions, including ABN AMRO, TAML, Pramerica AMC, and MJ Investment Services. At Mirae Asset, he oversees 21 schemes, boasting a total AuM of Rs. 6,113 crore. Key funds under his management include the Mirae Asset Cash Management Fund, Mirae Asset Savings Fund, and Mirae Asset Hybrid Equity Fund, each performing robustly under his guidance.

Mr. Krishna Kanhaiya
Mr. Krishna Kanhaiya has been an integral part of Mirae Asset Global Investments (India) since its inception, contributing in multiple roles across finance and administration. As of January 2019, he serves as the Chief Financial Officer (CFO) at the AMC, following a tenure as Deputy CFO for three and a half years. Prior to these roles, he led Accounts, Finance, Administration, and IT at Mirae for over eight years, demonstrating a solid track record of strategic leadership. Since October 2017, Mr. Kanhaiya has also been a permanent member of the Board of Directors. Before joining Mirae Asset, Mr. Kanhaiya honed his expertise in finance and operations through various managerial positions at organizations such as DBS Cholamandalam AMC, Ispat Industries Ltd., and Hindustan Engineering & Industries Ltd., where he gained valuable experience in diverse facets of corporate finance and management.

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FAQs

1.Should I invest in a Mirae Asset Mutual fund scheme?

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Whether you should invest in Mirae Asset Mutual Funds or not depends on your goals. In addition to assessing their returns over several timelines, evaluate the schemes based on risk, volatility, returns, the fund manager’s experience, and your own return expectations and risk tolerance.

2.How to Start a Mirae Asset Mutual Fund SIP online?

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There are two ways to start a Mirae Asset Mutual Fund SIP. For a hassle-free investing experience, you can invest in Mirae Asset Mutual Fund SIP online through the Lemonn app. Alternatively, you can start investing in Mirae Asset Mutual Fund SIP online through Mirae Asset Mutual Fund AMC official website.

3.How to redeem Mirae Asset Mutual funds Online?

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There are two ways of doing this. You can initiate your redemption request by Lemonn app. Alternatively, you can also redeem your investments by visiting the Mirae Asset Mutual Fund AMC website.

4.How much time does it take to redeem the Mirae Asset Mutual funds?

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The proceeds of equity, debt, and conservative hybrid funds are generally transferred to your registered bank account within 2-4 working days of the withdrawal initiation. Redemption of liquid funds takes 1-2 working days.

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