Mirae Asset Mutual Fund: Top Funds to Know in India

Mirae Asset Mutual Fund is an AMFI-registered fund house that has been running domestic mutual fund operations in India since 2008, backed by the global Mirae Asset Financial Group. It currently manages a total AUM of ₹2,43,129 crore spread across 54 schemes, ranging from liquid debt to international equity and thematic funds.

Key takeaways

• Mirae Asset Mutual Fund manages ₹2,43,129 crore in AUM across 54 schemes.
• Incorporated on 30 November 2007, the AMC began domestic operations in India in 2008.
• Its parent, Mirae Asset Global Investments, has operated since 1997 and is now active in 14 countries across 5 continents.
• The Indian business grew from 51,304 folios in 2013 to over 11 lakh folios in 2018 — a sharp rise in just five years.
• The top-ranked fund lineup spans international tech, healthcare, hybrid, and short-duration debt, catering to a wide range of risk profiles.

About Mirae Asset Financial Group

Mirae Asset Financial Group is headquartered in Seoul, South Korea, and has established itself as a significant player in Asian financial markets. Its asset management arm, Mirae Asset Global Investments, began operations in 1997 and has since expanded to 14 countries across 5 continents — with offices in India, Australia, Canada, Brazil, Indonesia, the USA, the UK, Vietnam and beyond.

The group was founded by Hyeon Joo Park against the backdrop of the 1997 Asian currency crisis. Despite cautious beginnings focused on the Korean domestic market, Mirae Asset made history in 1998 by becoming the first AMC in South Korea to offer mutual funds to retail investors. It then opened its first international corporate office in Hong Kong in 2003.

By 2005, the group had launched the Mirae Asset Retirement Pension Fund — the first overseas investment fund in South Korea. Two years later it entered India and the UK, and subsequently expanded to the USA and Brazil, earning recognition as the largest investor in emerging Asian markets. Mirae Asset also became the first and only Korean company to establish a joint-venture AMC in China, named Mirae Asset Huachen Fund Management.

Mirae Asset's Journey in India

Mirae Asset Global Investments (India) Pvt. Ltd. was incorporated on 30 November 2007, becoming the group's second international office after Hong Kong. The group had already been active in India as a foreign institutional investor since 2004, but retail mutual fund operations commenced only in 2008.

Growth in India has been notable. The AMC's folio count rose from 51,304 in 2013 to over 11 lakh in 2018 in just five years, reflecting strong investor adoption across market cycles.

Key Fund House Information

The table below summarises essential details about Mirae Asset Mutual Fund.

Top 10 Mirae Asset Funds Ranked by Invo Wealth

The funds below are ranked by Invo Wealth's internal quality score. The table shows trailing returns across 6-month, 1-year, 3-year and 5-year periods.

Performance data as of 5 September 2026.

Risk Metrics for the Top 10 Funds

The risk table below covers volatility, maximum drawdown and Sortino ratio — useful for comparing downside risk before choosing a fund.

What the Numbers Say: Fund-Level Highlights

International and Technology Funds

The Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund delivered a 1-year return of 50.89% and a 3-year return of 36.16%, with a volatility of 30.92% and a Sortino ratio of 1.39. The Mirae Asset NYSE FANG+ ETF Fund of Fund posted a 3-year return of 46.87% and a 5-year return of 30.31%, though its volatility of 30.00% and maximum drawdown of -30.35% signal meaningful short-term swings.

Healthcare

The Mirae Asset Healthcare Fund is a sectoral fund that returned 21.15% over three years and 13.71% over five years. Its volatility of 16.94% and maximum drawdown of -16.09% sit at a more moderate level compared to the international tech funds.

Hybrid Options

The Mirae Asset Aggressive Hybrid Fund delivered 11.64% over three years and 10.28% over five years at a volatility of 12.94%. The Balanced Advantage Fund returned 9.10% over three years with a lower volatility of 9.06%, making it a steadier hybrid option.

Debt and Short-Duration Funds

For conservative investors, the Mirae Asset Ultra Short-Term Fund returned 7.19% over three years with an exceptionally low volatility of 0.46% and a near-zero maximum drawdown of -0.11%. The Liquid Fund returned 6.86% at both 6-month and 3-year horizons, with a maximum drawdown of just -0.02%.

Precious Metals

The Mirae Asset Gold Silver Passive FoF stands apart with a 1-year return of 63.42%, but its volatility of 49.72% and maximum drawdown of -32.87% underline the high short-term risk involved. Three-year and five-year data are not yet available for this fund.

How to Invest in Mirae Asset Mutual Funds

You can invest in Mirae Asset funds through Invo Wealth, where you get complete portfolio insights alongside a seamless investing experience. Alternatively, you can invest directly via the Mirae Asset website, through any other SEBI-registered online platform, or through a registered mutual fund distributor.

Conclusion

Mirae Asset Mutual Fund combines 18 years of domestic operations in India with the global backing of a group active in 14 countries. Managing ₹2,43,129 crore across 54 schemes — from liquid debt to international AI and healthcare themes — it offers meaningful breadth for investors across risk profiles. As always, matching fund choice to personal goals and risk tolerance remains the starting point of any sound investment decision.