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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
Founded in 2008, Mirae Asset has been listed among the top 10 asset management companies in India. In the last five years, its AUM has grown at a CAGR of 54%, supported by an increase in investor folios, which have now reached 68 lakh.
The company’s monthly SIP book is ₹865 crore as of November 30, 2024.
For more insights and to access various investment calculators, visit CNBC TV18 Investment Calculators.
Swarup Anand Mohanty, Vice Chairman & CEO of Mirae Asset, acknowledged the contribution of investors, distributors, and employees in reaching this milestone.
Mirae Asset has managed to expand its offerings over the years, including hybrid funds, ELSS, and ETFs. The company now manages 69 schemes across equity, debt, hybrid funds, and exchange-traded funds (ETFs).
Its equity AUM stands at ₹1.47 lakh crore, while debt and hybrid AUM total ₹21,995 crore and ₹16,725 crore, respectively.
In a separate development, Mirae Asset Mutual Fund has announced a change in the exit load structure for its hybrid schemes, effective from January 1, 2025.
The revision applies to the Mirae Asset Balanced Advantage Fund, Mirae Asset Multi Asset Allocation Fund and Mirae Asset Equity Savings Fund.
These changes are designed to adjust the redemption rules, potentially influencing investor behavior.
The revised structure will encourage longer holding periods for investors in these hybrid funds.
First Published: Dec 20, 2024 4:38 PM IST
