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.
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
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
To invest in mirae asset mutual funds Mutual Funds through the Lemonn App, you can follow these general steps:
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Step 2 : Sign up / Log in
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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!
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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