Mirae Asset Mutual Fund
Mirae Asset Mutual Fund was established on 1997 by Hyeon Joo Park. Mirae Asset financial group serve their services in Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Indonesia, Korea, Mongolia, Singapore, The U.K, The United States and Vietnam."Mirae" means future in Korean. Mirae Asset's headquarter is in Seoul, South Korea. This company manages asset and wealth. Mirae Asset has exceeded US$400 Billion clients as on 30th September 2018.
Mirae Asset Global Investments offers ETFs, Mutual Funds and alternative financial instruments. Mirae Asset Daewoo offers services like wealth management, sales & trading, brokerage service, investment banking, and overseas business. Mirae Asset Life Insurance offers life insurance, financial consulting, investment linked insurance, and retirement planning services.
In 2012 Mirae Asset became the largest fixed income manager in Korea. In 2007 Mirae Asset Global Investment (India) was established. Now Mirae Asset has total 6400 associates involved with it.
Types of Mirae Asset Mutual Fund
For three classes of mutual funds Mirae Asset Mutual Fund offers eight various kinds of mutual funds. Those three classes are-
- Equity Funds
- Fixed Income Funds
- Thematic Funds
Features of Mirae Asset Mutual Fund
There are so many reasons to choose Mirae Asset Mutual Fund. They care about their customer so much. You can invest in online with minimal documents. Mirae Asset Mutual Fund has so many branches on India so if you face any kind of problem they are there to help you. Mirae Asset gives great returns there funds are managed by experienced fund managers so will not lose your money. Mirae Asset's customer service is so great they are always ready to help you.
Documents required for Mirae Asset Mutual Fund
- PAN Card
- AADHAR Card
- Voter's ID
- Passport size Photographs
- Download the KYC form
- The investors will be issued an acknowledgment reciept which he/she needs to submit while applying for subscribing for a mutual fund scheme
Eligibility criteria of Mirae Asset Mutual Fund
- Adult citizens residing in India.
- Minor through legal guardians/parents.
- Limited liability partnership.
- Religious and charitable trusts.
- Banking and financial institutions
- Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
- The Karta of Hindu Undivided Family (HUF)
- Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
- Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
- Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
- Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations
Benefits of Mirae Asset Mutual Fund
- This fund is on at low risk so there is no downfall.
- Short term to medium term investment.
- Superior tax efficient returns compared to bank account Fds
- Simple use interface.
- Easy online investment.
- It provides ready liquidity.
