In any investment process, certain factors affect the returns of any fund which are investment style of a fund manager, research analogy of the fund management team, and investment strategies of the fund house. Therefore, the financial analysts of MySIPonline examine various funds of Mirae Asset Mutual Fund, which is one of the best mutual fund companies in India.
Mirae Mutual Fund, established in the year 2007, is sponsored by Mirae Asset Global Investments Co. Limited, South Korea. The fund house offers various schemes under different asset classes. A few of the schemes of the fund house discussed below:
Equity Funds:
Mirae Asset India Equity Fund
The fund invests in the equity and equity-related securities across various sectors, market caps, and themes. It has been managed by Neelesh Surana and Harshad Borawake and was launched in April 2008.
The fund follows the benchmark of S&P BSE 200, providing the options of growth and dividend. It is suitable for investors who have a high-risk appetite and seek long-term capital growth.
Return Analysis:
The fund offered by Mirae MF is performing consistently well from last many years. It has provided the returns of 8.09% in 2016, and 38.58% in 2017. The fund has provided the trailing returns of 19.60% in the past 5 years.
Mirae Asset Emerging Bluechip Fund
The fund invests its corpus in the securities of large and mid-cap companies. It is managed by Neelesh Surana and was launched in July 2010. It offers the option of growth and dividend to the investors.
The fund follows the benchmark of NIFTY Large Mid-cap 250 Index. It is a high-risk fund which invests in equity and equity-related securities of various companies in different sectors.
Return Analysis:
The fund has beaten its benchmark in providing good returns every year. It has given the best returns in the year 2014 with 82.64%. In 2016, it has given the returns of 12.17% and in 2017, it was 49.01%, respectively.
Thematic
Mirae Asset Great Consumer Fund (MAGCF)
Investing in the consumption sections of FMCG, Autos, Realty, Healthcare, Education, Media & Entertainment, etc., the fund follows the benchmark of S&P BSE 200. It was launched in 2011 and is managed by Mr Ankit Jain.
Investing the portfolio in equity and equity-related securities, the fund is for high-risk appetite investors. It provides both the options of growth and dividend to the investors.
Return Analysis:
The fund has given outperforming returns all these years, except in 2016. It has its highest returns in the year 2017 with 17.74% higher than the benchmark. The fund has the trailing returns was 19.37% in the past 5 years.
Hybrid
Mirae Asset Hybrid - Equity Fund
Launched in the year 2015, the fund invests its corpus predominantly in equity and equity-related securities and the balance in debt and money-market securities.
The fund is currently managed by Mr Neelesh Surana and Mr Sudhir Kedia (Equity portion), and Mr Mahendra Jajoo (Debt portion). It was launched in the year 2015, is suitable for the investors having a moderately high-risk appetite.
Return Analysis:
The fund follows the benchmark of CRISIL Hybrid 35+65 Aggressive Index. It has shown significant returns in these years. In 2016, it has given the returns of 8.53%, and 27.81% returns in 2017.
Tax Saving
Mirae Asset Tax Saver Fund (MATSF)
With a lock-in period of 3 years, the fund was launched in 2015. With an investment objective of long-term capital appreciation, the fund invests its corpus in equity and equity-related securities.
It is managed by Mr Neelesh Surana who diversifies the portfolio of the fund in strong growth companies. The fund is for the investors who have a moderately high-risk appetite.
Return Analysis:
The fund has the AUM of Rs 1,002 Cr as on Apr 30, 2018, and it has provided its best in last 2 years. It has provided the returns of 14.8% in 2016 and 47.88% in 2017. The trailing returns of the scheme is 12.44% in the past 1 year.
Mirae Asset Mutual Fund has the AUM of Rs. 15,756.15 Cr as on March 31, 2018, who has Chief Investment Officer as Mr Neelesh Surana, and has about 165+ professionals all over the world. It offers diversified products across various asset classes which give every investor an opportunity to invest in it.
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