Are you searching for top-performing equity funds? Mirae Asset Equity Funds gives investors several ways to build wealth. The AMC has a reputation for its investor-first approach. In this article, we will talk about 5 best Mirae Asset funds.
Mirae Asset Funds: Top 5 Picks
Here’s a closer look at the top-performing equity mutual funds from Mirae Asset:
| Serial Number | Fund Name | 3 Year Return |
| 1 | Mirae Asset Emerging Bluechip Fund | 27.85% |
| 2 | Mirae Asset Large Cap Fund | 25.10% |
| 3 | Mirae Asset Tax Saver Fund | 24.50% |
| 4 | Mirae Asset Focused Fund | 26.30% |
| 5 | Mirae Asset Great Consumer Fund | 23.90% |
Top 5 Equity Funds Offered by Mirae Asset
Let’s cover each of these funds in detail.
Mirae Asset Emerging Bluechip Fund
The Mirae Asset Emerging Bluechip Fund targets both large-cap and mid-cap stocks, which seeks a balance between growth and security for optimal outcomes. Large-cap equities perform consistently, whereas mid-cap companies have more significant growth potential. Potential investors who desire high rewards and are ready to take on some risk may consider this fund.
- AUM (as of Aug 2024): ₹39706 crore
- Expense Ratio: 0.58%
- Top Holdings: HDFC Bank, ICICI Bank, Reliance Industries, Infosys and Tata Consultancy Services
Mirae Asset Large Cap Fund
The Mirae Asset Large Cap Fund focuses on investing in well-established, large-cap companies that are leaders in their respective industries. Compared to smaller companies, they have more stable finances and are less likely to alter significantly.
The fund’s purpose is to produce stable and predictable outcomes, making it a good alternative for cautious investors who wish to limit risk more efficiently and the fund prioritizes large-cap companies to increase capital.
- AUM (as of Aug 2024): ₹41,352.20 crore
- Expense Ratio: 0.53%
- Top Holdings: HDFC Bank, Reliance Industries, Infosys, Tata Consultancy Services and Hindustan Unilever
Mirae Asset Tax Saver Fund
The Mirae Asset Tax Saver Fund was developed to provide investors with distinct advantages, like investors may earn wealth and save on taxes under Section 80C of the Income Tax Act. Due to its large-cap and mid-cap stock selection, the fund delivers growth and security, and it may expand while remaining steady.
The 3-year lock-in term encourages investors to commit for a long time.
- AUM (as of Aug 2024): ₹25617 crore
- Expense Ratio: 0.57%
- Top Holdings: HDFC Bank, ICICI Bank, Infosys, Tata Consultancy Services, Axis Bank
Mirae Asset Focused Fund
The Mirae Asset Focused Fund follows a concentrated investment strategy by focusing on a select group of high-conviction stocks. The fund managers invest in a select number of high-growth firms to maximize returns. Since the fund invests in a few companies, it can evaluate and analyze the group of companies. If the selected companies succeed, this equity fund may provide additional money.
Companies are from technological, finance, and other industries, and investors should reconsider investing since they are ready to accept greater risk for higher profits..
- AUM (as of Aug 204): ₹8422.44 crore
- Expense Ratio: 0.56%
- Top Holdings: HDFC Bank, ICICI Bank, Infosys, Tata Consultancy Services and Reliance Industries
Mirae Asset Great Consumer Fund
The Mirae Asset Great Consumer Fund focuses on investing in companies that benefit from the increasing consumer spending in India. It targets firms in sectors like retail, consumer goods, and services, which are expected to grow as consumer purchasing power rises.
The Mirae Asset Great Consumer Fund is ideal for investors seeking to tap India’s fast-growing consumer sector and this helps consumers invest in enterprises that will profit from economic development and expand investors requirements.
- AUM (as of Aug 2024): ₹4069.29 crore
- Expense Ratio: 0.41%
- Top Holdings: Hindustan Unilever, ITC, Asian Paints, HDFC Bank, Nestle India
Conclusion
Choosing the right equity fund is crucial for reaching your financial goals. The top 5 equity funds offered by Mirae Asset offer various strategies to help investors achieve their investment targets. However, before investing, consider your risk tolerance and financial goals.
Also read – What is a Demat Account and How Does It Work?
