Mirae Asset Mutual Fund has emerged as one of the leading fund houses in India managing assets of over Rs. 1 lakh crores. Let us understand more about this fund house and some of its popular investment options.
Early Growth and Success
Established in the year 1994, Mirae Asset Mutual Fund is among the pioneering fund houses in India. Starting off as a small fund management company, it gained steady traction over the years on the back of the consistent performance of its schemes. The fund house differentiates itself through a research-driven approach to investing and focusing on identifying long-term structural growth opportunities across market cycles.
Mirae Asset’s success can be attributed to a team of experienced fund managers and analysts who have decades of experience in studying companies and sectors. Their bottom-up stock selection process focuses on understanding a company’s business model, competitive strengths, and future growth potential rather than just looking at short-term numbers.
Range of Funds Offered
Today, Mirae Asset Mutual Fund offers a wide array of funds catering to different investor risk profiles and goals. Some of their popular schemes include the Mirae Asset Emerging Bluechip Fund, Mirae Asset Large Cap Fund, Mirae Asset Tax Saver Fund (ELSS), and Mirae Asset Hybrid Equity Fund.
The Mirae Asset Tax Saver Fund is an equity-linked savings scheme (ELSS) that allows tax benefits under section 80C of the Income Tax Act. With a 3-year lock-in period, it gives investors the ability to build long-term wealth in equities while saving taxes.
Asset Size and Distribution Network
The success of Mirae Asset Mutual Fund is evident from its phenomenal asset growth over the years. It has emerged as one of the top 10 fund houses in India with an average AUM of over Rs. 1 lakh crore across its various schemes.
Mirae Asset has one of the widest distribution networks among fund houses with over 100,000 empaneled distributors. This helps them reach investors across different regions of the country. Their schemes are available on all major transaction platforms like AMC websites, CAMS, Karvy, etc to allow for easy investments.
Investment Philosophy and Process
The fund management team at Mirae Asset believes in focusing on identifying structural growth opportunities by conducting extensive bottom-up research. Rather than timing the market or chasing short-term returns, their process emphasizes understanding the business and management quality of companies.
For stock selection, they analyze factors like a company’s competitive strengths and positioning, financial track record, future growth potential, and management quality. Only those companies that meet their criteria of having sustainable competitive advantages and strong growth visibility are included in their portfolios.
Conclusion
Mirae Asset Mutual Fund has established itself as a trusted brand among Indian investors with its consistent performance, research-driven approach, and wide range of funds. Investors looking for long-term wealth creation goals can consider the Mirae Asset Tax Saver Fund to save taxes under section 80C while participating in India’s growth. Those wanting to invest through 5paisa can easily do so by choosing from Mirae Asset Mutual Fund’s schemes available on their platform.
