Mirae Asset Mutual Fund

As the name clearly suggests, equity funds are ones which invest in equities of companies. Mirae Asset Mutual Fund offers 2 schemes under the equity category.

• Mirae Asset India Equity Fund – This scheme was previously called as Mirae Asset India Opportunities Fund and is an open-ended equity oriented scheme. The scheme exhibits flexibility of investing across various themes, market capitalisation, sectors, and investment styles.Scheme features:Benchmark IndexS&P BSE 200 IndexMonthly Average Expense Ratio2.26% – Regular Plan 1.40% – Direct PlanInvestment OptionsGrowth and DividendMinimum InvestmentRs.5,000Entry LoadNot ApplicableExit Load1% exit load for exit before 1 year. No exit load for exit after 1 yearRiskometerModerately HighFund ManagerMr. Neelesh Surana and Mr. Harshad Borawake
  • Investment Objective – To create capital gain opportunities for the investor by investing in equity and its related instruments.
  • Ideal for – Investors who are looking at growing their capital over long term and who prefer to invest in a multicap fund that invests in equity and its related securities.
• Mirae Asset Emerging Bluechip Fund – This is an open-ended equity scheme that invests in large cap and mid cap stocks.Scheme features:Benchmark IndexNifty Large MidCap 250 IndexMonthly Average Expense Ratio2.49% – Regular Plan 1.72% – Direct PlanInvestment OptionsGrowth and DividendMinimum InvestmentFresh lump sum subscriptions has been temporarily suspended since October 2016Entry LoadNot ApplicableExit Load1% exit load for exit before 1 year. No exit load for exit after 1 yearRiskometerModerately HighFund ManagerMr. Neelesh Surana
  • Investment Objective – To generate capital growth and income for the investor by investing in equities and its associated instruments of large and mid cap companies in India.
  • Ideal for – Investors who seek capital gains over a long term and wish to invest in large and mid cap stocks.

Thematic Funds are mutual funds that invest in stocks with a particular theme ranging from commodity, investment style, multi-economy, etc. Thematic funds are prone to volatility and risks but are ideal for investors who have a sound understanding of market trends.

• Mirae Asset Healthcare Fund – This is an open-ended equity scheme that invests in equities of healthcare and its related sectors in India. The bucket of investments comprises stocks of pharma, hospitals, medical equipment, diagnostics, etc.Scheme features:Benchmark IndexS&P BSE Healthcare IndexTotal Expense RatioMight go up to 2.5% of the total assets on any dayInvestment OptionsGrowth and DividendMinimum InvestmentRs.5,000Entry LoadNot ApplicableExit Load1% exit load will be charged if the investor exits the scheme before 1 year from date of allotment. No exit load will be charged on exiting after 1 yearRiskometerHighFund ManagerMr. Vrijesh Kasera and Mr. Neelesh Surana
  • Investment Objective – To create capital appreciation for the investor by investing in equities of companies engaged in the pharma, healthcare and its allied sectors.
  • Ideal for – Investors who wish to achieve capitals gains over a long term and prefer to invest in healthcare and its associated sectors.
• Mirae Asset Great Consumer Fund – This is an open-ended thematic fund that follows the consumption theme while investing. The fund invests in companies with strong return ratio and exhibiting sustainable competitive advantage. Some of the segments that this fund invests in are FMCG, Education, Realty, Autos, Telecom, e-Commerce, Tourism and Hospitality, etc.Scheme features:Benchmark IndexS&P BSE 200 IndexMonthly Average Expense Ratio2.84% – Regular Plan 1.57% – Direct PlanInvestment OptionsGrowth and DividendMinimum InvestmentRs.5,000Entry LoadNot ApplicableExit Load1% exit load will be charged if the investor exits the scheme before 1 year from date of allotment. No exit load will be charged on exiting after 1 yearRiskometerHighFund ManagerMr. Ankit Jain
  • Investment Objective – To generate capital gains for the investor over a long term by investing in stocks of companies that are expected to benefit from demand fuelled by consumption.
  • Ideal for – Investors who wish to follow the consumption theme for investing and who seek capital gains over long term.

Hybrid funds invest in a mix of equity and debt securities. These type of funds allow investors to invest in multiple asset classes thereby offering a diversified portfolio which also means that the risks are mitigated. In the hybrid category, Mirae Asset Mutual Fund offers one fund – Mirae Asset Hybrid Equity Fund.

• Mirae Asset Hybrid Equity Fund – This fund was previously known as Mirae Asset Prudence Fund and is an open-ended scheme that concentrates its investments in equity and related securities while also allocating a lesser portion to debt and money market securities.Scheme features:Benchmark IndexCRISIL Hybrid 35 + 65 Aggressive IndexMonthly Average Expense Ratio2.48% – Regular Plan 0.98% – Direct PlanInvestment OptionsGrowth and DividendMinimum InvestmentRs.5,000Entry LoadNot ApplicableExit Load1% exit load if investor exits before 1 year from allotment date. No exit load for exiting after 1 year.RiskometerModerately HighFund ManagerMr. Sudhir Kedia, Mr. Neelesh Surana, and Mr. Mahendra Jajoo
  • Investment Objective – To generate regular income and capital appreciation for the investor by allocating a major portion of the investments in equities and its related instruments.
  • Ideal for – Investors who wish to gain regular income and grow their capital over a long term.

Fixed income funds offer reliable and risk-free returns to the investors. These funds are usually used by investors to diversify their portfolio. In this category, Mirae Asset Mutual Fund offers 4 schemes and they have all been briefly described below:

• Mirae Asset Short Term Fund – This is an open-ended short-term debt scheme that invests in instruments so that the portfolio’s Macaulay Duration is between 1 year to 3 years and follows an accrual-based strategy of investment.Scheme features:Benchmark IndexCRISIL Short Term Bond Fund IndexMonthly Average Expense Ratio1.30% – Regular Plan 0.53% – Direct PlanInvestment OptionsGrowth and DividendMinimum InvestmentRs.5,000Entry LoadNot ApplicableExit Load0.25% exit load will be charged if the investor exits before 1 month from allotment date. No exit load will apply for exit after 1 monthRiskometerModerately LowFund ManagerMr. Mahendra Kumar Jajoo
  • Investment Objective – To offer maximal returns to the investor over a short term by investing in debt and money market securities. The portfolio will exhibit the Macaulay Duration between 1 to 3 years.
  • Ideal for – Investors who wish to achieve optimal returns on their investments over a short term and prefer investing in safe securities like debt and money market instruments.
• Mirae Asset Dynamic Bond Fund – This is an open-ended dynamic debt scheme that invests across duration and is an actively managed fund. The scheme aims to offer adjusted returns by optimising the risks. Some of the securities that this scheme invests in are government bonds and corporate bonds including repo and reverse repo.Scheme features:Benchmark IndexCRISIL Composite Bond Fund IndexMonthly Average Expense Ratio2.14% – Regular Plan 0.51% – Direct PlanInvestment OptionsGrowth and DividendMinimum InvestmentRs.5,000Entry LoadNot ApplicableExit LoadAn exit load of 0.50% will apply if the investor exits before 6 months from unit allotment date. No exit load for exit after 6 monthsRiskometerModerateFund ManagerMr. Mahendra Jajoo
  • Investment Objective – To create maximal returns for the investor by investing in debt and money market instruments.
  • Ideal for – Investors who wish to get optimal returns over medium to short term and have a moderate risk appetite.
• Mirae Asset Cash Management Fund – This is an open-ended liquid scheme which endeavours to provide stable returns to the investor with minimal risks. It invests in a portfolio of superior quality debt and money market instruments and aims to maintain a 91 days average maturity of the portfolio.Scheme features:Benchmark IndexCRISIL Liquid Fund IndexMonthly Average Expense Ratio0.19% – Regular Plan 0.04% – Direct PlanInvestment OptionsGrowth and DividendMinimum InvestmentRs.5,000Entry LoadNot ApplicableExit LoadNot ApplicableRiskometerLowFund ManagerMr. Mahendra Jajoo
  • Investment Objective – To fetch consistent returns for the investor as well as offer liquidity by investing in a prudent mix of money market and debt securities.
  • Ideal for – Investors who wish to achieve optimal returns in a short duration and prefer to invest in debt and money market securities with a 91 days residual maturity.
• Mirae Asset Savings Fund – It is an open-ended low duration debt scheme that aims to generate returns based on macro-economic environment and evolving rate of debt and money market securities.Scheme features:Benchmark IndexCRISIL Low Duration Debt IndexMonthly Average Expense Ratio0.89% – Regular Plan 0.24% – Direct PlanInvestment OptionsGrowth and DividendMinimum InvestmentRs.5,000Entry LoadNot ApplicableExit LoadNot ApplicableRiskometerModerately LowFund ManagerMr. Mahendra Jajoo
  • Investment Objective – To generate optimal returns for the investor by investing in a portfolio consisting of money market and debt securities, the Macaulay Duration of which is between 6 months to 12 months.
  • Ideal for – Investors who are seeking a product with high liquidity, low risk, and prefer to invest in superior quality debt and money market securities over a medium or short duration.

Tax Saving Funds invest in equity and its related securities and have a lock-in period which means that fund units cannot be redeemed during this period. This fund lets investors enjoy tax benefits under Section 80C of the Income Tax Act, 1961. In this category, Mirae Asset Mutual Fund offers one scheme called the Mirae Asset Tax Saver Fund and its features are summarised below:

• Mirae Asset Tax Saver Fund – This is an open-ended equity linked savings scheme (ELSS) that has a statutory lock-in period of 3 years. The fund offers tax benefits and invests in equity and its associated securities.Scheme features:Benchmark IndexS&P BSE 200 (TRI) IndexMonthly Average Expense Ratio2.39% – Regular Plan 1.38% – Direct PlanInvestment OptionsGrowth and DividendMinimum InvestmentRs.500Entry LoadNot ApplicableExit LoadNot ApplicableRiskometerModerately HighFund ManagerMr. Neelesh Surana
  • Investment Objective – To provide liquidity, tax benefits, and capital appreciation to the investors by investing in a diversified portfolio mainly consisting of equity and its related instruments.
  • Ideal for – Investors who wish to grow their capital over a long duration and prefer investing in equity and its associated instruments while also enjoying tax benefits.

The below-mentioned persons or entities are eligible to subscribe to the units of Mirae Asset Mutual Funds:

• Adult individuals residing in India
• Minor through legal guardian
• Partnership firms formed under Partnership Act, 1932
• Corporate bodies, Public Sector Undertakings (PSUs), firms, association of persons/bodies of registered under the Societies Registration Act, 1961
• A Hindu Undivided Family (HUF)
• Limited Liability Partnerships (LLP)
• Banks (including Regional Rural Banks and Cooperative banks), financial institutions, banking company registered under the Banking Regulation Act, 1949
• Insurance firms registered with the IRDAI (Insurance Regulatory and Development Authority of India)
• Non-Resident Indians (NRIs), Persons of Indian Origin (PIO) on repatriation or non-repatriation basis
• Army, Navy, Air Force, and other para-military funds and institutions
• Provident/Gratuity/Pension and other such funds
• Scientific and Industrial Research Organisations
• A mutual fund through its schemes if permitted by IRDAI
• International Multilateral Agencies approved by the Reserve Bank of India (RBI) and Government of India
• Trustee, AMC, or sponsor associates
• Public Financial Institutions (PFIs), Foreign Portfolio Investors (FPIs) registered with SEBI (Securities and Exchange Board of India) on repatriation basis, Qualified Foreign Investors (QFIs)
• Special Purpose Vehicles approved by RBI
• Religious and charitable trusts

Anyone who wishes to invest in a mutual fund is required to comply with the Know-Your-Customer (KYC) guidelines and to do that, having a Personal Account Number (PAN) is a must. Investors can register their PAN card with any intermediary of SEBI such as a broker, mutual fund house, etc.

The KYC process can be done in 2 ways – physical KYC, where the investor needs to submit all the documents physically at the office of the intermediary, and e-KYC, where the investor just needs to enter his/her Aadhaar number online. For investment up to Rs.50,000, the e-KYC process will hold valid but for investments greater than Rs.50,000, the investor has to complete the physical KYC process.

For the physical KYC process, the investor has to download the KYC form from either the official website of mutual fund houses, registrars (e.g. CAMS, Karvy) and the AMFI (Association of Mutual Funds of India). After that, he/she needs to fill up the form and submit it along with the below-mentioned documents at the nearest investor service center or at any mutual fund house office:

• Identity Proof (PAN Card, Driving Licence, Passport, Voter ID, etc.)
• Address Proof (Passport, Aadhaar card, Driving Licence, etc.)

Investors will need to carry the originals of the above mentioned documents. The KYC is a one-time process and once it is completed, investors can invest in mutual funds of any fund house.

To invest in Mirae Asset Mutual Funds, you need to ensure that you are KYC (Know Your Customer) compliant. Once you have completed the KYC Process, you can follow the below given steps to invest online:

1. Visit the official website of Mirae Asset Mutual Fund.
2. On the home page, click on the ‘Investor Centre’ tab.
3. The left side of the page will have a ‘How To Invest’ section. Under that, select the ‘Wish to invest’ button.
4. Once you click, you will need to choose the ‘Invest Online’ option.
5. You will then be redirected to the Mirae Asset transact@ease page. To invest, you will need to click on the ‘New Investor’ tab.
6. Follow the given instructions to invest and in case of any questions, you can refer to the FAQ section available on the left hand side of the page.

• Mirae Asset Global Investments have extensive investment capabilities that focus on world’s major emerging economies.
• Possess deep understanding of the investment dynamics of the markets in which they invest.
• The investment platform is diversified across alternative and traditional asset classes.
• The global team of Mirae Asset Mutual Funds consists of more than 165 investment professionals who invest after thorough on-the-ground research of strategically important markets.
• Provides investors with astute financial strategies and attractive returns on their investments.
• Mirae Asset Mutual Funds is one of Asia’s largest fund managers and it manages assets worth $126.5 billion worldwide.