Choosing the best investing options in the constantly changing mutual fund industry can be challenging. Investors look for a provider that can adjust to shifting market circumstances in addition to someone with a proven track record. Among the several asset management firms, Mirae Asset has distinguished itself as a symbol of superior fund management.
The top five schemes of Mirae Asset Mutual Fund that have continuously attracted discerning investors' attention are worth looking at. These funds demonstrate the company's dedication to providing substantial returns while giving prospective investors a sneak peek at the enticing chances the coming year may bring.
What is Mirae Asset Fund?
Mirae Asset is a Mirae Asset Global Investment Co. Limited subsidiary in South Korea. They have around 35 mutual fund portfolios in different categories: hybrid, debt, equity, fixed income, and ETF/FoF. Mirae offers mutual funds across various investment strategies and market capitalization categories.
Mirae Asset Mutual Fund is an excellent option for beginners looking for investment tools to enhance their wealth. However, one must remember their taxation criteria before investing in them. Below is how these mutual funds are calculated for taxes:
- If you hold the mutual fund for one year, a 15% short-term capital gains tax will apply.
- If you have it for over a year with capital gains of over Rs. 1 lakh, there will be a long-term capital gains tax at 10% applicable.
- All dividends exceeding Rs. 5000 will have a TDS of 10% applied to them.
Top 5 Mirae Asset Fund Schemes in 2023
Listed below are the top 5 Mirae Asset Mutual Fund schemes to consider in 2023:
Mirae Asset Emerging Bluechip Fund
This fund has given an annual return of 25.22% in the last three years and 20.42% in the previous five years. It belongs to the equity category with a Rs. 29,024 Cr AUM. You can invest as little as Rs. 1 through a lump sum or as much as Rs. 1000 in this fund through a SIP.
Mirae Asset Tax Saver Fund Direct-Growth
The tax savings fund generated annual returns of 24.05% and 19.51% in the previous three and five years. It is also an equity fund with an AUM of Rs. 17 985 Cr. The minimum investment required is Rs. 500 for lumpsum and SIP.
Mirae Asset Great Consumer Fund
It is also one of the popular Mirae asset funds, with an annual return of 28.01% in the last three and 19.49% in five-year terms. This fund also belongs to the equity category with an AUM of Rs. 2642 Cr. Here, the investment amount is Rs. 5000 for lump sum and Rs. 1000 for SIP.
Mirae Asset Healthcare Fund
The healthcare fund recorded an annual return of 14.77% and 22.01% in the last three and five years, respectively. It is also an equity fund with an AUM of Rs. 1863 Cr. Here, the investment amount is Rs. 5000 for lump sum and Rs. 1000 for SIP.
Mirae Asset Large Cap Fund - Direct-Growth
It is also one of the bestsellers, with annual returns recorded at 19.33% and 15.13% for three and five years, respectively. It belongs to the equity family with an AUM of Rs. 35684 Cr. Here, the investment amounts are Rs—5000 for lump sum and Rs. 1000 for SIP.
Conclusion
Mirae Asset Fund schemes have continuously demonstrated their mettle in financial complexity and market uncertainty. The Mirae Asset Large Cap Fund, Mirae Asset Emerging Bluechip Fund, and all other top-performing funds have all shown a dedication to supporting investor objectives. However, investors are recommended to invest by looking at all criteria.
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