Mirae Asset Mutual Fund

Mirae Asset was founded in 1997 in the wake of the Asian currency crisis. Today, Mirae Asset has built strategic competencies in worldwide wealth generation for its investors. The portfolios of the schemes floated by the AMC are chosen after careful scrutiny of the instrument’s performance and the prevalent market trends. Its success story spans 12 countries across 5 continents. Their goal is to provide clients with insightful financial strategies and consistent performance through diversified product offering.

The company has made significant foray into the foreign markets ever since 2003 with the setting up of a Hong Kong office, which has become the backbone of their Asian and emerging market investment capabilities and product offerings. The strategies envisaged at Mirae asset are dedicated to diversifying the investment base for investors and have a strong focus on the broader emerging markets. Since their inception they have gradually and frequently enhanced their coverage and presence in the emerging markets and are now one of the world’s largest emerging market investors.

They remain firmly committed to obtaining better levels of growth and offering immense investment value to their clients. The different milestones racked by the AMC bears testimony to the fact

The roots of their expert advisory team are entrenched in the dynamic and strategically essential markets in which they invest. This in turn, helps in giving them a worldwide network of the industry’s leading emerging market investment professionals. The key factors responsible for their mutual fund business’ success include extensive on-the-ground, research driven capabilities cantered on major emerging economies. Their schemes span multiple time horizons, and varied asset allocation to meet specific investor needs. Be it liquidity, capital appreciation, or assured returns, there is a scheme for every form of investment target.

Their Asian heritage and presence is a testimony to their commitment to making the region investment- friendly. Their offices and teams of industry veterans collaborate across borders to generate best in-class investment ideas and leverage research insights to deliver quality financial products to their investors.

Types of Funds Offered

• Equity Fund

  : Equity funds designed by Mirae Asset Mutual Fund allow the investors to extract aggressive capital appreciation for accomplishing their long range capital appreciation goals. The time period for which it is held (8-12 years) is long enough to withstand the tremendous volatility of the markets and still earn profitability out of the investment. This helps the schemes to yield a higher amount of returns for the equity fund investor. These funds invest in share markets and company stocks and the company performance directly impacts the fund performance. Mirae Asset India Equity and Mirae Asset Emerging Bluechip Fund are some of the schemes launched by the AMC.



• Thematic Fund

  : Mirae Asset MFs thematic funds are into specific themes that are dependent on a particular type of investment. The fund’s objective is to provide great returns by investing in stocks which qualify to belong within the particular theme that is considered. Thematic funds can vary from multi-sector, international exposure, commodity exposure etc., unlike a sector fund, theme funds have a broader spectrum to operate in. Mirae Asset Healthcare Fund invests primarily in healthcare in allied sectors. The Mirae Asset Great Consumer Fund is another thematic fund that invests in the long-term opportunities presented by the consumer sector in India.



• Hybrid Fund

  : Mirae Asset Mutual Fund hybrid schemes allocate a good proportion of assets in both equity and debt mutual funds. This not only offers a balanced approach for wealth generation, but a conservative investor can look to get better returns due to the equity stocks present in the hybrid portfolio. The AMC offers Mirae Asset Hybrid Equity Fund as one such hybrid fund that has a combined portfolio of equity & equity related instruments and debt and money market instruments.



• Fixed Income

  : These are generally short duration funds that allow investors to park their funds for 1 to 3 years and earn better returns than bank FDs. The AMC offers Mirae Asset Short Term Fund - an open ended short term debt scheme investing in instruments so that the Macaulay duration of the portfolio is between 1 year and 3 years. The fund managers look to diversify the portfolio to include debt and market instruments.



• Tax Saving

  : Investors who want to save tax while still having a strong investment going can opt for tax saving funds offered by the Mirae Asset Mutual Fund. The investments earn great returns as well as provide the investor to lower their taxable income under Sec 80C of the Income Tax Act. The Mirae Asset Tax Saver Fund is one such tax saving fund that allows the investor to cut down on the tax, while still going for wealth creation.

Fund Managers at Mirae Asset Management Company

• Mr. Swarup Anand Mohanty - Chief Executive Officer:

  Mr. Swarup Anand Mohanty is the Chief Executive Officer (CEO) of Mirae Asset Global Investments (India) Private Limited. He has over 21 years of experience in the field of financial services including 17 years plus experience in Asset Management Sales. He is overall responsible for the India AMC. He has been associated with the AMC as Head- Sales from July 2011.



• Mr. Neelesh Surana - Chief Investment Officer (CIO) - Equity:

  Mr. Neelesh Surana has been re-designated as the CIO - Equity at Mirae Asset Global Investments (India) Pvt. Ltd. He joined Mirae Asset in 2008. In his capacity as CIO - Equity, Neelesh spearheads the equity research and investment function. He is responsible for the managing existing equity funds of Mirae Asset (India), as well as, providing research support for the global mandate. An engineering graduate with MBA in Finance, Neelesh has over 19 years of experience in equity research and portfolio management.



• Mr. Mahendra Kumar Jajoo - Head - Fixed Income:

  He has over 25 years of experience in the field of financial services including 11 years of experience in Fixed Income funds management. He is overall responsible for supervising all Debt schemes of the Mirae Asset Mutual Fund.