Mirae Asset Mutual Fund

About Mirae Asset Mutual Fund

Mirae Asset Mutual Fund is run by Mirae Asset Investment Managers (India), the Indian arm of Mirae Asset Global Investments, a major South Korea-headquartered international asset management group with operations across many countries in Asia, the Americas, and Europe.

Ownership and Heritage

Mirae Asset entered the Indian mutual fund industry in the mid-2000s as a wholly foreign-owned AMC, bringing global research capabilities to its India-focused schemes without a domestic joint-venture partner - a structure similar to Franklin Templeton's in this directory. It has since grown into one of the larger foreign-owned AMCs operating in India by assets under management.

Fund Range and Approach

Mirae Asset offers a broad scheme range across large-cap, mid-cap, small-cap and flexi-cap equity funds, ELSS, sectoral and thematic funds, an extensive debt fund lineup, hybrid funds, and one of the more prominent index fund/ETF ranges among actively-oriented AMCs, including several funds tracking international and thematic indices.

Who Should Consider Mirae Asset Mutual Fund

Investors interested in a globally managed asset manager with a substantial and growing India-focused scheme range, including notable index fund and thematic options, may consider Mirae Asset's lineup as part of a broader comparison.

Checking a Scheme's Risk-o-Meter and Category

Every Indian mutual fund scheme displays a standardised risk-o-meter reflecting SEBI's categorisation rules for that fund type. Checking this alongside the scheme's exact category label - not just its name - helps confirm a Mirae Asset fund actually matches the risk level you're comfortable with, particularly for its more specialised thematic and international offerings.

Reading the Scheme Documents

Before investing in any specific scheme, read its scheme information document (SID) and key information memorandum (KIM), both freely available on the AMC's own website - these spell out the exact investment mandate, risk factors, benchmark, and exit load in more detail than any summary page can provide.

Checking a Scheme's Risk-o-Meter

Every Indian mutual fund scheme is required to display a standardised risk-o-meter (ranging from "Low" to "Very High") on its factsheet, reflecting SEBI's categorisation rules for that specific fund type. Checking this alongside the scheme's exact category label - not just its name - is a quick way to confirm a fund actually matches the risk level you're comfortable with before investing, regardless of which AMC runs it.

Checking Total Expense Ratio Trends

SEBI requires every AMC to publish each scheme's total expense ratio (TER) regularly, and TERs can change over time as a scheme's assets under management grow (regulations generally allow a lower TER ceiling for larger schemes). It's worth checking a scheme's current TER directly on the AMC's factsheet rather than relying on a figure that may be a few months old, since even a small change compounds meaningfully over a long holding period.

Reading the Scheme Documents

Before investing in any specific scheme, it's worth reading its scheme information document (SID) and key information memorandum (KIM), both freely available on the AMC's own website - these spell out the exact investment mandate, risk factors, benchmark, and exit load in far more detail than any summary page, including this one, can provide.

Costs: Direct vs Regular Plans

Mirae Asset schemes are available as Direct Plans or Regular Plans. Use the Expense Ratio Impact Calculator on this site to estimate the long-term rupee difference between the two.

Investing With Mirae Asset Mutual Fund

Every scheme tracked on this site shows live NAV, computed CAGR and absolute returns, and expense ratio, sourced from AMFI India and MFAPI - see the scheme list below, or open any individual scheme's page to project a SIP or lumpsum investment using its own historical performance and current NAV.