ET Money Charts Out the Mirae Asset Mutual Funds that are Best Suited for SIP Investments

India’s fastest growing asset management firm has a vast list of mutual funds under its roof which offer SIP investment options.

Mirae Asset Mutual Fund is an asset management firm which has expanded rapidly over the past few years, and the major reason behind its growth is its persistent performance backed by its cutting-edge solutions that assists customers to achieve their objectives in this complex space. Mirae Asset Global Investments was created to expand its operations in Asia. Presently it has a global presence, having established itself in 15 countries. The fund manages a completely diversified investment platform in a collaborative manner with more than Rs.82,000 crore in assets with 59 schemes. The wide variety of Mutual fund schemes span across equities, debt, and balanced categories.

Some of the mutual fund schemes offered by Mirae Asset are suitable for SIP (Systematic Investment Plan). Here, ET Money lists a few schemes which have gained a prominent place amongst investors in the SIP space.

Mirae Asset Emerging Bluechip Fund Direct-Growth

Mirae Asset Emerging Bluechip Fund Direct-Growth plan has given consistent returns of 66.61 percent in the past one year, and 22.62 percent in the last three years, and 25.0 percent since its inception. This scheme requires a minimum SIP investment of Rs1000. The fund has a five-star rating from ValueResearch and Morningstar. The expense ratio of Mirae Asset Emerging Bluechip Fund’s direct plan is 0.72 percent.

Mirae Asset Tax Saver Fund Direct-Growth

This scheme entered the market in December 2015. It has given a return of 67.91 percent in the last year, and 21.71 percent in the last three years, and 22.21 percent since its inception. This scheme requires a minimum SIP investment of Rs 500. The fund gets a five-star rating from ValueResearch and Morningstar. The direct plan of Mirae Asset Tax Saver Fund has an expense ratio of 0.48 percent.

Mirae Asset Hybrid Equity Fund Direct-Growth

This fund has delivered an average annual return of 14.56 percent since its debut five year and eleven months back. It has given a return of 42.22 percent in the past year. Mirae Asset Hybrid Equity Fund’s direct plan has an expense ratio of 0.38 percent. This scheme requires a minimum SIP investment of Rs 500. The fund gets a five-star rating from ValueResearch and Morningstar.

Mirae Asset Great Consumer Fund Direct-Growth

Mirae Asset Great Consumer Fund Direct-Growth strategy returned 52.05 percent in the last year, 15.73 percent in the last three years, and 17.8% percent since its inception. The minimum SIP amount for this scheme is Rs1,000. The scheme’s investment goal is to achieve long-term capital appreciation by investing in a portfolio of companies/funds that are expected to gain directly or indirectly from India’s consumption-led demand. However, one should notice that the scheme doesn’t guarantee any specific returns.

Mirae Asset Large Cap Fund (Growth)

This fund has been around for 8 years and 5 months, and has delivered an average annual return of 17.89% since its beginning. The minimum SIP amount for this scheme is Rs1,000. It has a consistent rating of 5.

Mirae Asset Mutual Fund is an asset management firm which has expanded rapidly over the past few years, and the major reason behind its growth is its persistent performance backed by its cutting-edge solutions that assists customers to achieve their objectives in this complex space. Mirae Asset Global Investments was created to expand its operations in Asia. Presently it has a global presence, having established itself in 15 countries. The fund manages a completely diversified investment platform in a collaborative manner with more than Rs.82,000 crore in assets with 59 schemes. The wide variety of Mutual fund schemes span across equities, debt, and balanced categories.

Some of the mutual fund schemes offered by Mirae Asset are suitable for SIP (Systematic Investment Plan). Here, ET Money lists a few schemes which have gained a prominent place amongst investors in the SIP space.

Mirae Asset Emerging Bluechip Fund Direct-Growth

Mirae Asset Emerging Bluechip Fund Direct-Growth plan has given consistent returns of 66.61 percent in the past one year, and 22.62 percent in the last three years, and 25.0 percent since its inception. This scheme requires a minimum SIP investment of Rs1000. The fund has a five-star rating from ValueResearch and Morningstar. The expense ratio of Mirae Asset Emerging Bluechip Fund’s direct plan is 0.72 percent.

Mirae Asset Tax Saver Fund Direct-Growth

This scheme entered the market in December 2015. It has given a return of 67.91 percent in the last year, and 21.71 percent in the last three years, and 22.21 percent since its inception. This scheme requires a minimum SIP investment of Rs 500. The fund gets a five-star rating from ValueResearch and Morningstar. The direct plan of Mirae Asset Tax Saver Fund has an expense ratio of 0.48 percent.

Mirae Asset Hybrid Equity Fund Direct-Growth

This fund has delivered an average annual return of 14.56 percent since its debut five year and eleven months back. It has given a return of 42.22 percent in the past year. Mirae Asset Hybrid Equity Fund’s direct plan has an expense ratio of 0.38 percent. This scheme requires a minimum SIP investment of Rs 500. The fund gets a five-star rating from ValueResearch and Morningstar.

Mirae Asset Great Consumer Fund Direct-Growth

Mirae Asset Great Consumer Fund Direct-Growth strategy returned 52.05 percent in the last year, 15.73 percent in the last three years, and 17.8% percent since its inception. The minimum SIP amount for this scheme is Rs1,000. The scheme’s investment goal is to achieve long-term capital appreciation by investing in a portfolio of companies/funds that are expected to gain directly or indirectly from India’s consumption-led demand. However, one should notice that the scheme doesn’t guarantee any specific returns.

Mirae Asset Large Cap Fund (Growth)

This fund has been around for 8 years and 5 months, and has delivered an average annual return of 17.89% since its beginning. The minimum SIP amount for this scheme is Rs1,000. It has a consistent rating of 5.

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