Top 3 Mirae Asset Equity Funds Deliver Exceptional Long-Term Returns

Strategic Insights -

Mirae Asset Mutual Fund, set up in 2008, has emerged as one of the top 10 asset management companies in the country, managing around 77 fund schemes, including 52 equity funds, with a total assets under management (AUM) of over Rs 2 lakh crore. The fund house has a strong track record of delivering consistent returns to its investors, particularly through its top-performing equity funds. In this story, we will focus on the top three Mirae Asset equity funds that have delivered exceptional 10-year returns, making them a preferred choice for long-term investors. These funds are Mirae Asset Large & Midcap Fund, Mirae Asset Great Consumer Fund, and Mirae Asset Large Cap Fund.

Key Takeaways:

  • Mirae Asset Large & Midcap Fund has delivered an impressive 21.89% annualised return since its launch on January 1, 2013, with a 10-year SIP return of 18.61% CAGR.
  • The fund's AUM stands at Rs 37,799 crore, with an expense ratio of 0.61%, making it a low-cost investment option for investors.
  • A monthly SIP investment of Rs 10,000 since inception would have grown to Rs 53.23 lakh, providing a strong return of 20.22% annualised.
  • For lump sum investors, an investment of Rs 1 lakh made 12 years ago would now be worth approximately Rs 11.63 lakh, based on a 21.89% CAGR.
  • Mirae Asset Great Consumer Fund has delivered a solid 18.15% annualised return since its launch on January 1, 2013, with a 10-year SIP return of 18.51% annualised.
  • The fund's AUM stands at Rs 4,117 crore, with a low expense ratio of 0.44%.
  • A monthly SIP investment of Rs 10,000 since inception would have grown to Rs 47.03 lakh, providing a strong return of 18.37% annualised.
  • For lump sum investors, an investment of Rs 1 lakh made in January 2013 would be worth approximately Rs 7.86 lakh today.
  • Mirae Asset Large Cap Fund has delivered a 16.42% annualised return since its launch on January 1, 2013, with a 10-year SIP return of 14.88% annualised.
  • The fund's AUM stands at Rs 38,892 crore, with an expense ratio of 0.54%.
  • A monthly SIP investment of Rs 10,000 since inception would have grown to Rs 45.62 lakh, providing a strong return of 15.86% annualised.
  • For lump sum investors, an investment of Rs 1 lakh made 12 years ago would now be worth approximately Rs 6.56 lakh, based on a 16.42% CAGR.

Statistics:

  • Mirae Asset Large & Midcap Fund's AUM: Rs 37,799 crore
  • Mirae Asset Large & Midcap Fund's expense ratio: 0.61%
  • Mirae Asset Great Consumer Fund's AUM: Rs 4,117 crore
  • Mirae Asset Great Consumer Fund's expense ratio: 0.44%
  • Mirae Asset Large Cap Fund's AUM: Rs 38,892 crore
  • Mirae Asset Large Cap Fund's expense ratio: 0.54%
  • Mirae Asset Large & Midcap Fund's 10-year SIP return: 18.61% CAGR
  • Mirae Asset Great Consumer Fund's 10-year SIP return: 18.51% annualised
  • Mirae Asset Large Cap Fund's 10-year SIP return: 14.88% annualised
  • Mirae Asset Large & Midcap Fund's returns since inception: 21.89% annualised
  • Mirae Asset Great Consumer Fund's returns since inception: 18.15% annualised
  • Mirae Asset Large Cap Fund's returns since inception: 16.42% annualised
  • A monthly SIP investment of Rs 10,000 in Mirae Asset Large & Midcap Fund since inception would have grown to Rs 53.23 lakh.
  • A monthly SIP investment of Rs 10,000 in Mirae Asset Great Consumer Fund since inception would have grown to Rs 47.03 lakh.
  • A monthly SIP investment of Rs 10,000 in Mirae Asset Large Cap Fund since inception would have grown to Rs 45.62 lakh.

Sources:

  • Mirae Asset Mutual Fund
  • Contify.com
  • IE Online Media Services Pvt. Ltd.