Mirae Asset Mutual Fund
Overview:
Headquartered in Seoul, South Korea, Mirae Asset Financial Group is a significant player in the Asian financial market. Its asset management arm, Mirae Asset Global Investments, began operations in 1997 and has rapidly expanded its global footprint. Today, Mirae Asset Mutual Fund operates in 14 countries across 5 continents, including key markets in the USA, Europe, and India, offering prudent investment solutions.
Founding and Growth:
Founded by visionary Hyeon Joo Park, Mirae Asset emerged in response to the Asian currency crisis, initially focusing on the Korean market. The company made history in 1998 by becoming the first asset management company (AMC) to offer mutual funds to retail investors in South Korea.
Global Expansion:
After establishing a stronghold in South Korea, Mirae Asset began to explore international markets:
2003: Opened its corporate office in Hong Kong.
2005: Launched the Mirae Asset Retirement Pension Fund, marking its first overseas investment in South Korea.
2006: Expanded into the UK and India.
2007: Launched Mirae Asset Global Investments (India) Pvt. Ltd., marking its second overseas venture.
2008: Started domestic business in India, building on its prior presence as a foreign institutional investor since 2004.
2010: Entered the USA and Brazil, further solidifying its international reach.
2011: Became the first and only Korean company to establish a joint venture AMC in China with Mirae Asset Huachen Fund Management.
Achievements and Market Presence
Mirae Asset has achieved significant milestones during its relatively short history, including:
- Record Growth in India: Assets under management (AUM) in India have soared to over INR 161,740.88 crore across 38 schemes.
- Rapid Increase in Clientele: From just 51,304 folios in 2013, the number grew to over 1.1 million by 2018, demonstrating remarkable growth within a span of five years.
- Awards and Recognition: The firm has received numerous accolades for being a leading investor in emerging Asian markets, highlighting its influence and commitment to growth.
Conclusion
Mirae Asset Financial Group continues to strengthen its presence in the global financial landscape, emphasizing innovation and investor-focused services. With its robust growth trajectory and expanding portfolio, it stands as one of the fastest-growing asset management companies in India and a key player in the global asset management sector.
Step by Step Guide to invest in
Mirae Asset Mutual Fund
How to Invest in Mirae Asset Mutual Funds online with Miles Wealth?
Investing in Mirae Asset Mutual Funds through Miles Wealth is a simple, quick, and secure process, designed to give you full control over your investment decisions. Whether you prefer to explore curated fund recommendations tailored to your risk profile and financial goals, or select funds from a wide range of options, the process is straightforward.
Here's a step-by-step guide to get started:
Step 1: Download the Miles Wealth App
Start by downloading the Miles Wealth app. If you're an existing user, simply log in. New users can complete a quick and seamless registration process to create their account.
Step 2: Complete Your KYC
KYC (Know Your Customer) is a one-time, mandatory requirement to start investing. It is a fast, easy and online process that typically takes around 5 minutes. Keep your PAN card, Aadhaar card, bank account details, and Digilocker credentials handy to ensure smooth completion.
Step 3: Set Up Nominee Information
Add nominee details and allocate percentages. If you are assigning just one nominee, allocate 100%. If there are multiple nominees, distribute the percentage allocation accordingly.
Step 4: Browse or Search for Mutual Funds
You can either search for a specific mutual fund or explore our personalized collections, which are curated based on your risk tolerance and financial objectives. If you prefer, you can modify the recommendations and invest in any fund or AMC of your choice.
Step 5: Choose Investment Type (SIP or One-Time)
Decide whether to invest through a Systematic Investment Plan (SIP) or as a one-time investment. Enter your desired investment amount. For SIPs, choose the date for monthly debits from your bank account. To make the process even easier, we recommend setting up an e-mandate for automatic monthly investments.
Step 6: Review and Confirm Your Investment
Before finalizing, review your investment details, then confirm the order and make the payment. That's it! You have successfully invested.
Step 7: Track Your Portfolio
Once your investment is confirmed, it will reflect in your Miles Wealth account within 3-4 working days. You can track the performance of your portfolio and manage your investments directly from the app.
Need Assistance?
If you encounter any issues or have questions, our support team is ready to help. Simply drop us an email at support@mileswealth.in, and we'll get back to you promptly.
Why Choose Miles Wealth?
- Personalised Investing: We suggest funds that match your financial goals and risk level, making investing easy and personal.
- No Expertise Needed: You don't need prior knowledge - our platform simplifies everything for you.
- No More Guesswork: Stop relying on social media or friends' advice. Miles Wealth gives you clear, data-driven recommendations you can trust. We are AMFI licensed.
- Wealth Creation: Our goal is simple - help you build lasting wealth with smart, personalized investments.
- Regular Funds: We are AMFI Registered Mutual Fund Distributor, and we offer regular funds that align with your risk tolerance to help you achieve the best possible portfolio returns.
P.S. We earn only 0.5%-0.75% annually on the AUM we manage - so it's not expensive.
Your journey to wealth creation is just a few clicks away. Start investing with confidence today!
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Best Fund Managers at
Mirae Asset Mutual Fund
Fund Manager
Abhishek Iyer
Akshay Udeshi
Amit Modani
Ankit Jain
Basant Bafna
Bharti Sawant
Ekta Gala
Gaurav Kochar
Gaurav Misra
Harshad Borawake
Jigar Shethia
Jignesh N. Rao
Kruti Chheta
Mahendra Kumar Jajoo
Ritesh Patel
Neelesh Surana
Siddhant Chhabria
Siddharth Srivastava
Varun Goel
Vishal Singh
Vrijesh Kasera
Years with AMC
3.8
1.1
1.7
8
1.7
4.1
3.8
3.9
5.7
5
4.4
4.4
0.7
8.1
1.7
14.4
3.3
3.5
0.5
1.1
6.3
Too many options leads to confusion.
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