Mirae Asset Investment Managers (India) Private Limited Mutual Funds Investments
About Mirae Asset Mutual Fund
Mirae Asset Global Investments is the asset management arm of Mirae Asset Financial Group. It was founded in 1997. Mirae Asset Financial Group has two other divisions. These are Mirae Asset Daewoo and Mirae Asset Life Insurance. These handle investment banking and life insurance.
With 15 offices across global markets, and $146 Bn assets under management, Mirae Asset Global Investments is a diversified asset manager. It provides innovative solutions with its products in more than 40+ countries with 185 professionals.
The Indian wing was launched in 2007. India alone has 19 schemes, 21 branches, with INR 44,373 crore AUM. It manages 24 lakh folios with a monthly SIP book of INR 543 crore. From January 1st, 2020, Mirae Asset Global Investments (India) Private Limited has transferred its asset management business. Mirae Asset Investment Managers (India) Private Limited now takes care of it.
They believe that their four core values are the ones that are helping them achieve excellence in investment management. It further allows them to help their clients to achieve their objectives.
Their four core values are:
- Clients first: They believe that a client's success is their success. This helps them build long-term relationships with their clients.
- Teamwork: Giving credit and respecting each individual by giving equal opportunity to all is what they believe. They believe this helps in keeping harmony among team members and makes teamwork easy.
- Objectivity: Assessing each investment opportunity objectively without partiality is what sets them apart. They believe in aligning their decisions with the client's needs.
- Citizenship: Giving back to the society they live in is what they aim at. They believe in being responsible and good corporate citizens by actively participating in social initiatives.
With these core values, they are the fastest-growing AMC in India. In India, they offer a range of schemes for different investment objectives and different risk profiles.
A few of their equity funds are Mirae Asset Tax Saver Fund, Mirae Asset Emerging Bluechip Fund, Mirae Asset Large Cap Fund, Mirae Asset Midcap Fund.
A few of their debt funds are Mirae Asset Short Term Fund (short duration fund), Mirae Asset overnight fund, and Mirae Asset Dynamic Bond Fund.
How to Invest in Mirae Mutual Funds via Scripbox?
Scripbox has made mutual funds investment extremely easy. To invest in mutual funds with Scripbox, one has to follow the following steps.
Step 1 – Visit Scripbox and Begin the Investment Journey
On the homepage of the Scripbox website, click on the "Let's get started" button. It will display a list of investment options based on life goals.
For investing in mutual funds, choose any of the options close to one's financial goals.
Click on the “Continue” button to proceed with the mutual fund scheme investment.
Step 2 – Signup and Create an Account
Upon logging in, the investment details will be displayed.
Here Scripbox allows investors to choose the payment option. One can select "Every month SIP" or "One-time" payment options for SIP investment and lumpsum investment respectively. Moreover, to determine the potential returns, one can use the online Scripbox SIP calculator. The SIP calculator is available for free.
Click on the "See Recommended Funds" button to advance for investment.
Step 3 – Check the Plan and Fund Allocation
Here the Scripbox web page will display a list of mutual funds and investment amounts allocated to each fund. Check all the details before further proceeding ahead.
One can change the investment amount and the fund by clicking the "I want to change Funds/ Amount" button.
Click on "Next" for payment and verification.
Step 4 – Bank Details and Money Transfer
The last step requires the bank account and PAN details of the investor. Scripbox provides a secure environment. All the details provided are kept secure. The bank account will only be used for investing and crediting the redemption proceeds only.
KYC Required to Invest in Mirae Mutual Fund via Scripbox
KYC stands for "Know Your Customer." A client can be easily identified with KYC. SEBI has prescribed requirements for KYC. To invest in a SEBI registered mutual fund, an investor has to be KYC compliant. A KYC form will include investor information like identity, address, financial status, occupation, and demographic information.
Scripbox does KYC for the investors who don't have one. The following are the KYC documents required by Resident Indians and PIO residing in India:
- Pan Card
- Address proof (Aadhar Card (Both Front & Back)/Driving License/Passport/Voter ID Card)
- Photograph
- Video Selfie: Record a video by facing the camera for 5 seconds.
- KYC Authorisation Letter. (Please write on a while plain sheet of paper that "I authorize Scripbox to do my mutual fund KYC" & sign below it)
At the time of the registration, the investor can upload the clear color scanned copies of the documents required. Alternatively, they could share the KYC documents at help@scripbox.com or Whatsapp it to us on +91-8884448026.
Top Mirae Mutual Funds
Below are the Mirae top mutual funds
| Scheme | Category | AUM in Cr (As on 31st May 2020) |
| Mirae Asset Tax Saver Fund (G) | Equity: ELSS | Rs 3,141 Cr |
| Mirae Asset Large Cap Fund (G) | Equity: Large Cap | Rs 15,175 Cr |
| Mirae Asset Emerging Bluechip fund (G) | Equity: Large & Mid Cap | Rs 8,808 Cr |
| Mirae Asset Focused Fund (G) | Equity: Multi Cap | Rs 2,597 Cr |
| Mirae Asset Cash Management Fund (G) | Debt: Debt: Liquid | Rs 3,537 Cr |
Top Mirae Equity Funds
Below are the top performing Mirae equity mutual funds
| Scheme | Category | AUM in Cr (As on 31st May 2020) |
| Mirae Asset Emerging Bluechip fund (G) | Equity: Large & Mid Cap | Rs 8,808 Cr |
| Mirae Asset Focused Fund (G) | Equity: Multi Cap | Rs 2,597 Cr |
| Mirae Asset Great Consumer Fund (G) | Equity: Thematic-Consumption | Rs 866 Cr |
| Mirae Asset Large Cap Fund (G) | Equity: Large Cap | Rs 15,175 Cr |
Top Mirae Debt Funds
Below is the top performing Mirae Debt mutual fund
| Scheme | Category | AUM in Cr (As on 31st May 2020) |
| Mirae Asset Cash Management Fund (G) | Debt: Debt: Liquid | Rs 3,537 Cr |
Top Mirae Tax Saver Funds
Below is the top performing Mirae ELSS fund
| Scheme | Category | AUM in Cr (As on 31st May 2020) |
| Mirae Asset Tax Saver Fund (G) | Equity: ELSS | Rs 3,141 Cr |
Top Fund Managers
Top Equity Fund Managers
Mr. Neelesh Surana
Mr. Surana is currently the Chief Investment Officer (CIO) of Equity at Mirae Asset Mutual Fund. He joined Mirae Asset in 2008. And ever since has played a vital role in its growth. Before becoming the CIO, he was Head of Equity at the fund house. He oversees equity research and investment. Also, he is responsible for liaising with global partners by providing them with research support for investments. He holds a Mechanical Engineering degree and an MBA in Finance. Before joining Mirae Asset MF, he was associated with ASK Investment Managers Ltd. The funds that he currently manages are Large Cap Fund, Emerging Blue Chip Fund, Tax Saver Fund, and Hybrid Equity Fund.
Mr. Gaurav Misra
Mr. Misra is currently the Senior Fund Manager of Equity at Mirae Asset India. He currently manages the Mirae Asset Focused Fund and Mirae Asset Large Cap fund. He has over 24 years of experience. His expertise is in investment management and equity research of Institutional and Private Equity. Before joining the fund house, he was associated with ASK Investment Managers Pvt. Ltd. for 14 years. He holds BA Economics (Hons.) degree from St. Stephen's College, Delhi. He also has an MBA from IIM Lucknow.
Mr. Harshad Borawake
Mr. Borawake joined Mirae Mutual Fund in 2016 as Head of Research – Equity. With good experience in the research and investment process, his expertise is also in Financials, Oil & Gas, and the economy. Mr. Borawake has more than 15 years of professional experience. His expertise lies in industries such as Oil & Gas, Financials, Logistics, and Aviation. Before his employment with Mirae Asset India, he was the Research Vice President at Motilal Oswal Securities. He also worked as an Equity Research Analyst at Capmetrics & Risk Solutions. Mr. Borawake holds a B.E. degree in Polymers and an MBA degree in Finance. He currently manages the Large Cap fund and Equity Savings Fund (hybrid fund).
Mr. Ankit Jain
Mr. Jain joined Mirae Asset Mutual Fund in 2015 as an Equity Analyst. Currently, he is the Associate Fund Manager – Equity. He is responsible for providing support to the global mid cap mandates. Mr. Jain has more than eight years of experience in equity research and portfolio management. Before joining Mirae Mutual Fund, he was working with Equirius Securities Pvt Ltd. and Infosys Ltd. He holds a B.Tech degree in ICT. And an MBA degree in Finance. He currently manages Great Consumer Fund, Mid Cap Fund, and Emerging Bluechip Fund.
Mr. Vrijesh Kasera
Mr. Kasera is currently an Equity Research Analyst. He has over ten years of professional experience in Investment Analysis and Research. Before joining Mirae Asset MF, he was the Equity Research Analyst at Axis Capital Limited. Also, was associated with Edelweiss Broking Limited. He currently manages the Mirae asset healthcare fund and Mirae Asset Equity Savings Fund (hybrid fund). He holds a B.Com degree in Accounting and Finance from the H L Institute of Commerce, Ahmedabad. Also, an MBA degree in Finance from the Institute of Integrated Learning in Management, New Delhi.
Top Debt Fund Managers
Mr. Mahendra Jajoo
Mr. Jajoo is the Chief Investment Officer (CIO) of Fixed Income at Mirae Asset Mutual Fund. He manages fixed income assets across all products. He has over 25 years of experience in financial services. Also, has fourteen years of experience in Fixed Income fund management. Moreover, he supervises all Debt schemes at Mirae Asset India.
He currently manages Mirae Asset Cash Management Fund, Mirae Asset Short Term Fund (short duration fund), Mirae Asset Savings Fund (low duration fund), Mirae Asset Dynamic Bond Fund, Mirae Asset Overnight Fund.
Before joining Mirae Mutual Fund, Mr. Jajoo was associated with Pramerica Asset Managers Pvt. Ltd. Also, he worked with ABN AMRO Asset Management Ltd, Tata Asset Management Ltd., and ICICI Group.
He is a registered Chartered Accountant from the Institute of Chartered Accountants of India. And also a Chartered Financial Analyst.
Mr. Abhishek Iyer
Mr. Iyer is a dealer of fixed income securities at Mirae AMC. He has over ten years of experience in the financial sector. Before joining Mirae AMC, he was associated with IDBI Asset Management Company Ltd. He also worked with India Infoline Asset Management Company Limited and L&T Asset Management Company Limited. He was also with Sahara Asset Management Company Limited as Fixed Income – Dealer.
Mr. Kunal Khudania
Mr. Khudania works with Mirae AMC as a credit analyst of fixed income securities. He performs credit analysis, investment analysis, and research of fixed income securities. Before joining Mirae AMC, Mr. Khudania has worked with Futures First Info Services Pvt. Ltd. He has over three years of experience in this industry. He is a CA by profession. Also, he graduated from Shri Ram College of Commerce, Delhi University.
Ms. Kruti Chheta
Ms. Chheta works as a fixed income analyst for Mirae AMC. She has over three years of experience in analyzing macroeconomic parameters. She is also well versed in portfolio analysis and writing research reports. At Mirae AMC, she provides research-based investment recommendations and oversees the fund's fixed income portfolio. Also, she has a master's degree from the University of Mumbai in Masters in Management (MMS).
Key Information about Mirae Asset Management Company
| Mutual fund | Mirae Asset Mutual Fund |
| Founded | 30 November 2007 |
| Incorporated | 20 November 2006 |
| Sponsor | Mirae Asset Global Investments Co. Ltd. |
| Trustee | Mirae Asset Trustee Company Pvt. Ltd. |
| Chairman | NA |
| MD and CEO | MR. Swarup Anand Mohanty |
| CIO | Mr. Neelesh Surana |
| Compliance Officer | Mr. Ritesh Patel |
| Investor Service | Mr. Girish Dhanani |
| AUM | INR 44,373 Crore (31/01/2020) |
Mirae Asset Mutual Asset Management Company Contact Details
| Auditors | M/s. Chokshi & Chokshi, Chartered Accountants |
| Custodians | Deutsche Bank |
| Registrars | Karvy Computershare Pvt. Ltd. |
| Address | Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), Mumbai 400098. |
| Telephone No. | 022-67800300 |
| Fax No. | 022-67253942 |
| customercare@miraeasset.com | |
| Website | https://www.miraeassetmf.co.in/ |
Frequently Asked Questions
Is Mirae Asset good?
Mirae Asset is one of the fastest-growing AMC's in India. It has INR 44.373 crores assets under management and 24 lakh folios. Its monthly SIP book is INR 543 crore. Also, AUM is growing at 103% CAGR as of December 21st, 2019. Mirae Asset Mutual Fund has funds that have been performing exceptionally well in the market. A few of the top mutual funds are Mirae Asset Large Cap Fund, Mirae Asset Tax Saver Fund, and Mirae Asset Emerging Bluechip Fund.
How do I increase the SIP amount in Mirae Asset?
Increasing a SIP investment in a mutual fund scheme midway can happen by following two steps. Firstly, by stopping the existing SIP investment. Secondly, starting a new SIP investment with the new SIP amount. Or by adding another SIP with the incremental amount to the fund. In this case, the fund will have two SIPs. One with the old amount and the second with the new amount. If an investor is starting a new SIP, then it's better to opt for SIP top-up. This allows the investor to top-up the SIP annually with a certain amount or percent.
How do I cancel Mirae Asset sip?
Canceling or pausing of SIP can be done by with Mirae fund house. The investor can submit a letter for the same. It can be done online, as well. Investors can log in to Mirae Asset Mutual Fund online account and stop their SIP. If the investor is investing through online portals like Scripbox, they can request the online portals to stop their SIP.
Is it good to invest in Mirae Asset?
Mirae Asset has multiple funds that have been performing exceptionally well in the market. They have funds for a wide range of objectives ranging from savings to wealth creation and tax saving. What is suitable for one investor might not be right for the other. Hence, investors need to understand their investment objectives and risk. Also, align them with the fund objectives to find the best fit for them.