Mirae Mutual Funds: Latest MF Schemes, NAV, Performance

Mirae Asset Mutual Fund offers schemes across equity, hybrid, thematic, and passive categories. The fund house has built notable scale in India’s asset management landscape, with several widely-tracked equity schemes and thematic products. Behaviour across categories may vary depending on allocation approach, market environment, and investment style.

List of Top Mirae Mutual Funds for 2025

Here are the top Mirae MFs in India for 2025, sorted as per their AUM.

Name	AUM	NAV	Absolute Returns - 3M	Absolute Returns - 1Y	CAGR 3Y	CAGR 5Y	Expense Ratio	Exit Load	Volatility
Mirae Asset Large & Midcap Fund	42980.7	176.2	4.8	10.2	17.9	19.8	0.6	1.0	14.2
Mirae Asset Large Cap Fund	41087.6	132.4	3.8	10.1	13.9	16.2	0.5	1.0	12.3
Mirae Asset ELSS Tax Saver Fund	25910.6	57.6	4.4	11.0	18.0	19.7	0.6	0.0	13.2
Mirae Asset Midcap Fund	18112.1	41.0	4.3	11.9	21.8	25.3	0.6	1.0	16.4
Mirae Asset Liquid Fund	14283.5	2850.7	1.5	6.7	7.1	5.8	0.1	0.0	0.1
Mirae Asset Aggressive Hybrid Fund	9128.0	38.7	3.2	9.8	14.8	15.8	0.4	1.0	10.3
Mirae Asset Focused Fund	7980.0	28.3	0.4	4.9	12.1	15.3	0.6	1.0	13.3
Mirae Asset Great Consumer Fund	4769.5	114.6	0.3	7.4	18.9	21.6	0.4	1.0	13.3
Mirae Asset Multicap Fund	4388.8	15.2	3.1	11.0	0.0	0.0	0.4	1.0	14.5
Mirae Asset Arbitrage Fund	3422.3	13.9	1.6	7.0	7.8	6.4	0.2	0.3	0.9

Disclaimer: Please note that the above list of the Mirae mutual funds is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.

Note: The data on the list of the best Mirae asset funds is from 25th November 2025. This data is derived from the Tickertape Mutual Funds Screener.

• AMC: Mirae Asset Management Limited
• Plan: Growth
• AUM: Sorted from highest to lowest

Pro Tip: You can use Tickertape’s Mutual Fund Screener to research and evaluate funds with over 50+ pre-loaded filters and parameters.

Overview of Top Mirae Mutual Funds

Mirae Asset Large & Midcap Fund

Mirae Asset Large & Midcap Fund invests in a mix of large-cap and mid-cap companies as defined by regulatory classification. Behaviour may shift with changes in allocation, sector positioning, and valuation trends across both segments, leading to varied outcomes under different market conditions.

Mirae Asset Large Cap Fund

Mirae Asset Large Cap Fund focuses on established large-cap companies. Its behaviour may reflect broader market sentiment, index trends, and structural shifts in the blue-chip universe. Portfolio exposure may evolve with sector rotation, economic cycles, and changes to the benchmark.

Mirae Asset ELSS Tax Saver Fund

Mirae Asset ELSS Tax Saver Fund functions as an equity-oriented scheme with a mandatory lock-in period. Behaviour may vary depending on market phases, portfolio diversification, and equity valuation cycles. Category rules influence structure rather than performance expectations.

Mirae Asset Midcap Fund

Mirae Asset Midcap Fund invests in mid-cap companies, which may exhibit higher volatility and greater growth sensitivity. Portfolio characteristics may change with business maturity trends, sector momentum, and liquidity patterns in this segment.

Mirae Asset Liquid Fund

Mirae Asset Liquid Fund invests in short-duration fixed-income and money-market instruments in accordance with SEBI guidelines. Mirae Asset Mutual Fund’s NAV movement may reflect short-term yield trends, liquidity conditions, and interest-rate changes rather than equity market fluctuations.

Mirae Asset Aggressive Hybrid Fund

Mirae Asset Aggressive Hybrid Fund combines a predominant equity allocation with debt exposure under a hybrid framework. Behaviour may fluctuate based on equity volatility, interest-rate cycles, and internal rebalancing mechanisms.

Mirae Asset Focused Fund

Mirae Asset Focused Fund operates with a concentrated structure, as defined by category limits on the number of holdings. Outcomes may vary with sector concentration, stock-level movement, and market environments.

Mirae Asset Great Consumer Fund

Mirae Asset Great Consumer Fund follows a consumption-theme-linked approach and invests in companies aligned with domestic demand trends. Behaviour may shift with changing spending patterns, policy developments, and sector-specific valuation cycles.

Mirae Asset Multicap Fund

Mirae Asset Multicap Fund allocates across large-, mid-, and small-cap segments, with category-mandated minimum weights. Behaviour may reflect equity market breadth, segment rotation, and diversification effects across varying capitalisation profiles.

Mirae Asset Arbitrage Fund

Mirae Asset Arbitrage Fund uses hedging and arbitrage-based exposure across cash and derivatives markets. Outcomes may depend on the availability of spread products, market volatility, and the efficiency of derivatives pricing.

Key Information About Mirae Asset Management

Parameter	Details
AUM (India)	₹2,26,348 cr (as of October 2025)
Number of Investor Folios	74 lakh+ (as of October 2025)
Number of Branches (India)	24 branches
Global Presence	16 markets, USD 303 bn AUM globally (June 2025)
Registered Office (India)	Unit No. 606, 6th Floor, Windsor Bldg, Off C.S.T. Road, Kalina, Santacruz(E), Mumbai – 400098

How to invest in Mirae Mutual Funds?

You can easily start to invest in Mirae mutual funds by following these steps:

1. To invest in the best Mirae mutual funds, you can visit a mutual fund investment platform such as smallcase.
2. The next step is to research and identify the Mirae mutual funds that match your financial goals. Tools like the Tickertape Mutual Fund Screener can help you filter and compare funds based on parameters such as returns, expense ratio, and fund size.
3. Once you shortlist the funds, visit smallcase, log in, and search for the fund by name. You can then choose the investment mode and complete the process.

Top Fund Managers of Mirae

Neelesh Surana

Neelesh Surana serves as Chief Investment Officer at Mirae Asset and oversees the equity research and fund management functions. His responsibilities include oversight of the portfolio framework, monitoring investment processes, and aligning research with scheme mandates. He also directly manages select strategies within the equity lineup based on the AMC’s investment approach.

Ankit Jain

Ankit Jain manages schemes such as Mirae Asset Great Consumer Fund and co-manages Emerging Bluechip Fund. His role involves analysing sector trends, monitoring portfolio positioning, and evaluating stock selection based on the scheme’s mandate. He contributes to research-driven execution within the AMC’s equity strategy framework.

Gaurav Misra

Gaurav Misra is responsible for portfolio management at Mirae Asset, bringing experience across investment research and equity management. His work includes evaluating market themes, assessing sector dynamics, and monitoring portfolio discipline in line with the defined scheme framework and the AMC’s investment philosophy.

Bharti Sawant

Bharti Sawant serves on the equity fund management team at Mirae Asset. Her responsibilities include research support, monitoring portfolio behaviour, and participating in investment decision processes aligned with scheme objectives. Her role reflects ongoing tracking of equity market developments and alignment with the AMC’s research-based approach.

Siddharth Srivastava

Siddharth Srivastava manages selected Mirae Asset schemes and contributes to portfolio oversight, research interpretation, and investment evaluation within the equity domain. His responsibilities include ongoing market assessment, stock-level monitoring, and investment process adherence based on scheme mandates and the AMC’s defined framework.

Taxation on Mirae Mutual Funds

Fund Category	Type of Gain	Holding Period	Applicable Tax Rate
Equity-Oriented Funds (Examples: Mirae Asset Large Cap Fund, Midcap Fund, Flexi Cap Fund, ELSS)	Short-Term Capital Gains (STCG)	Less than 12 months	20%
	Long-Term Capital Gains (LTCG)	More than 12 months	12.5% (Exemption up to ₹1.25 lakh per financial year applies)
Hybrid Funds (Tax treatment depends on equity proportion as per classification)	STCG	Based on the category	Equity-oriented hybrid: 20%Non-equity hybrid: Taxed as per the income slab
	LTCG	Based on the category	Equity-oriented hybrid: 12.5%Non-equity hybrid: 12.5%
International Funds / Fund of Funds (Example: Mirae Asset Global X Nasdaq 100 FoF)	STCG	Less than 36 months	Taxed as per the individual income tax slab
	LTCG	More than 36 months	12.50%
Debt-Oriented Funds (Examples: Liquid, Arbitrage, income-focused schemes)	STCG	Less than 36 months	Taxed as per the individual income tax slab
	LTCG	More than 36 months	12.50%

Documents Required To Invest in Mirae Mutual Funds

Here are the required documents for KYC with Mirae Asset Investment Managers (India) Pvt Ltd:

• Self-attested copy of PAN card of the first/only holder.
• For a minor’s account: self-attested PAN of the guardian.
• For HUF: self-attested PAN of the HUF with Karta’s attestation and HUF seal.
• For non-individual investors (e.g., companies, trusts): self-attested PAN of the entity by authorised signatories.
• Proof of Identity (PoI) and Proof of Address (PoA) for individuals.
• For NRIs/PIO/OCI: self-attested copy of passport/PIO/OCI card and overseas address proof.
• In-Person Verification (IPV) with document attestation by an authorised official.

Risks of Investing in Mirae Mutual Funds

• Category Concentration Risk in Flagship Schemes: Some well-known Mirae schemes, such as Emerging Bluechip, Midcap, or Large & Midcap, may be more sensitive to mid-cap valuations, liquidity shifts, and market downturns due to their growth-oriented exposure.
• Scale and Capacity Considerations: Due to strong inflows over the years, select Mirae funds operate with relatively large AUMs. Large portfolio sizes may influence execution efficiency, stock entry/exit timelines, and potential liquidity pressure during sharp market phases.
• Theme-Specific Volatility: Thematic offerings such as Mirae Asset Great Consumer Fund may experience return fluctuations driven by discretionary spending trends, policy effects, and cyclicality linked to domestic consumption behaviour.
• Global FoF Dependency: International offerings, if applicable, may depend on underlying overseas structures for NAV timing, tax treatment, execution timelines, and currency fluctuations.

Factors to Consider While Investing in Mirae Mutual Funds

• Growth-Biased Investment Style: Mirae’s equity portfolio often reflects a growth-oriented investment framework. This may align differently with market conditions depending on valuation cycles, earnings delivery phases, and sector leadership trends.
• AUM-Linked Portfolio Dynamics: Higher-AUM schemes may follow structured allocation frameworks to maintain weight discipline across sectors and market-cap segments, which may behave differently from smaller, more tactical portfolios.
• Benchmark Alignment and Deviation: Certain schemes may maintain tighter alignment with benchmarks, while others are more flexibly positioned. Benchmark choice and deviation levels may influence behaviour during high volatility or rotation phases.
• Lock-in Rules for ELSS: Mirae Asset ELSS Tax Saver Fund features a regulatory lock-in period, limiting flexibility during changing market sentiment or valuation cycles.
• Segment-Specific Valuation Sensitivity: Exposure across large-cap, mid-cap, and multicap categories may behave differently depending on earnings visibility, liquidity, and sector rotation trends.

To Wrap Up…

Mirae Asset Mutual Funds operate across diverse categories, each functioning with its own risk profile, portfolio structure, and behavioural characteristics. Scheme outcomes may differ over time based on market cycles, asset mix, and valuation trends. Those exploring Mirae Asset schemes may review available information or access them through smallcase, based on independent assessment or professional guidance where applicable.

Frequently Asked Questions About Mirae Mutual Funds