Mirae Asset Mutual Fund is among India’s fastest-growing asset management companies. The consistent outperformance of its equity funds has been the primary driver of its exponential growth.
Mirae Asset Investments is a multi-asset manager that provides cutting-edge strategies to help customers accomplish their goals in an ever-changing environment. Mirae Asset was founded in Asia and now has a footprint in 15 countries all over the globe, where they collaborate to run a fully diversified investment online platform. The organisation has 59 programmes and handles more than 82,000 crore INR in assets. The fund firm provides a diverse range of mutual fund plans, as well as ETFs, in the areas of stocks, debt, and balanced. It is driven by its fundamental ideas.
In this post, I will share Top Performing Mirae Asset Mutual Funds. Additionally, I will also share why to invest in SIP? and How does SIP work?
Why invest in SIPs?
A SIP enables you to put a little quantity in your mutual fund plan on a monthly basis. When you set up a SIP, a specific sum is withdrawn from your bank each month and invested in your preferred mutual fund.
If you’re looking to invest in mutual funds but don’t have a large sum of money to spare, then a Systematic Investment Plan—or SIP—is your best bet.
Mutual funds are generally considered less-risky financial instruments and investing in them requires a relatively high investment horizon. When compared with other forms of investment (debt, equity, real-estate), mutual funds offer the highest levels of liquidity, transparency and flexibility but are also characterised by higher asset growth potential and low investment risks. So if you do not mind your investment being locked for long, then a SIP might be the perfect choice for you.
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How does SIP work?
When you participate in any mutual fund plan through SIP, you buy a particular number of funds equal to the sum you invest. When buying through SIP, you do not need to predict the markets because you gain from both positive and negative market movements.
When the marketplace is down, you can buy more fund units, whereas when the marketplace is up, you should buy less. Because the net asset value of all funds changes daily, the cost of buying may fluctuate from one instalment to the next. The cost of buying balances out over years and comes out to remain on the cheap side. This is referred to as rupees cost averaging. If you invest in lump sum mutual funds, you do not receive this benefit.
Top Performing Mirae Asset Mutual Funds
#1 Mirae Asset Emerging Bluechip Fund
Rationale
- Emerging Bluechip Fund has a 1-year return of 23.84%. Since its inception, it has generated an average yearly return of 24.39%. Every two years, the fund has almost doubled the amount invested in it.
- The capacity of the Emerging Bluechip Fund plan to provide consistent returns is greater than that of other funds in its category. It has an above-average capacity to minimise losses in a sinking market.
- The bulk of the fund’s assets is invested in the finance, tech, medical, automobile, and energy industries. In comparison to other mutual funds in its category, it has acquired less exposure in the finance and tech fields.
- The top five holdings of this mutual fund are ICICI Bank Limited, Infosys Limited, HDFC Bank Limited, Axis Bank Limited, and State Bank of India.
Note – Returns details are calculated as of April,2022.
#2 Mirae Asset Tax Saver Fund
Rationale
- Tax Saver Fund has a 1-year return of 23.77%. Since its inception, it has generated an average yearly return of 21.75%. Every two years, the fund has almost doubled the amount invested in it.
- The capacity of the Tax Saver Fund plan to provide consistent returns is greater than that of other funds in its category. It has an above-average capacity to minimise losses in a sinking market.
- The bulk of the fund’s assets is invested in the finance, tech, medical, automobile, and energy industries. In comparison to other mutual funds in its category, it has acquired less exposure in the finance and tech fields.
- The top five holdings of this mutual fund are Infosys Limited, HDFC Bank Limited, ICICI Bank Limited, Reliance Industries Limited, and Axis Bank Limited.
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#3 Mirae Asset Great Consumer Fund
Rationale
- Mirae Asset Great Consumer Fund has a 1-year return of 24.57%. Since its inception, it has generated an average yearly return of 17.97%. Every two years, the fund has almost doubled the amount invested in it.
- The capacity of the Great Consumer Fund plan to provide consistent returns is on-par with other funds in its category. It has a below-average capacity to minimise losses in a sinking market.
- The bulk of the fund’s assets is invested in Consumer Commodities, Materials, Financial Services, Automobiles, and Consumer Discretionary. In comparison to other mutual funds in its category, it has acquired less exposure in the Consumer Commodities, and Materials fields.
- The top five holdings of this mutual fund are ITC Limited, Bharti Airtel Limited, Hindustan Unilever Limited, Asian Paints Limited, and Axis Bank Limited.
#4 Mirae Asset Large Cap Fund
Rationale
- Mirae Asset Large Cap Fund has a 1-year return of 20.91%. Since its inception, it has generated an average yearly return of 17.77%. Every two years, the fund has almost doubled the amount invested in it.
- The capacity of the Large Cap Fund plan to provide consistent returns is on-par with other funds in its category. It has a below-average capacity to minimise losses in a sinking market.
- The bulk of the fund’s assets is invested in the finance, tech, medical, automobile, and energy industries. In comparison to other mutual funds in its category, it has acquired less exposure in the finance and tech fields.
- The top five holdings of this mutual fund are Infosys Limited, ICICI Bank Limited, HDFC Bank Limited, Reliance Industries Limited, and Axis Bank Limited.
Conclusion:
If you’re looking for an ideal mutual fund to invest in, Mirae Asset Mutual Fund might be the right way forward. Its performance has been consistent and impressive, making it an excellent addition to any investment portfolio. If you are not sure how to start investing in mutual funds, take a bit of time to read up on the things you should know. That way, you can determine whether mutual funds are the best investment for your needs. Because of their flexibility and ease of use, there are many reasons why investing in mutual funds is something you should seriously consider.