- Summary
- Mirae Asset Mutual Funds offer equity, hybrid, debt, and tax-saving schemes. There are several Mirae Asset mutual funds for investors interested in growth-oriented companies.
- The investor can evaluate a fund’s previous performance, expense ratio, portfolio holdings, risk, and benchmark returns when choosing a fund scheme. However, past performance does not indicate future returns; thus, investments should meet the individual investor’s requirements.
- Mirae Asset Mutual Funds offer a variety of schemes for investment goals such as wealth creation, tax savings, retirement planning, and portfolio diversification.
The Mirae Asset Mutual Fund offers a range of schemes across equity, hybrid, debt, and other classes. The best Mirae Asset mutual funds in India in 2026 are those schemes that investors can select based on their investment objectives, risk tolerance, and time horizon.
Some well-known funds in this respect are: Mirae Asset Large & Midcap Fund, Mirae Asset Flexi Cap Fund and Mirae Asset Tax Saver Fund.
Investors who want to create long-term wealth can choose equity schemes, whereas those seeking lower risk can choose debt and hybrid schemes. It is essential for investors to compare various aspects of the fund before making an investment, such as past returns, expense ratio, portfolio quality, fund managers experience, and benchmark returns.
Best 10 Mirae Asset Mutual Funds: Quick Comparison
The following table provides a quick comparison of the selected Mirae Asset mutual funds ranked based on AUM as of 21st August, 2026
| Fund Name | 3 Yr CAGR | 5 Yr CAGR | Benchmark 5 Yr return | AUM | Expense ratio | Minimum SIP | Risk |
| Mirae Asset Large & Midcap Dir | 14.60% | 12.73% | 11.45% | ₹45,275 Cr | 0.49% | ₹100 | Very high |
| Mirae Asset Large Cap Dir | 10.74% | 10.02% | 10.72% | ₹38,729 Cr | 0.50% | ₹100 | Very High |
| Mirae Asset ELSS Tax Saver Dir | 14.44% | 12.91% | 11.98% | ₹26,373 Cr | 0.56% | ₹500 | Very High |
| Mirae Asset Midcap Dir | 18.74% | 17.49% | 17.74% | ₹20,268 Cr | 0.50% | ₹100 | Very High |
| Mirae Asset Liquid Dir | 6.96% | 6.30% | – | ₹13,190 Cr | 0.08% | ₹100 | Low to Moderate |
| Mirae Asset Aggressive Hybrid Dir | 12.52% | 11.27% | – | ₹9,536 Cr | 0.40% | ₹100 | Very High |
| Mirae Asset Focused Dir | 9.33% | 8.35% | 11.98% | ₹6,635 Cr | 0.56% | ₹100 | Very High |
| Mirae Asset Multicap Dir | – | – | – | ₹5,470 Cr | 0.39% | ₹100 | Very High |
| Mirae Asset Nifty 50 ETF | 9.04% | 9.28% | 10.72% | ₹5,416 Cr | 0.04% | – | Very High |
| Mirae Asset Small Cap Dir | – | – | – | ₹5,221 Cr | 0.34% | ₹100 | Very High |
Top 10 Mirae Asset Mutual Funds in India
The following Mirae Asset mutual funds analysis covers performance, costs, risk, benchmark and portfolio concentration.
1. Mirae Asset Large & Midcap Fund Direct
Mirae Asset Large & Midcap Fund Direct is a fund that invests in both large-cap and mid-cap stocks. This means the fund has both mature firms and firms with greater growth opportunities. The 3-year CAGR and 5-year CAGR are 14.60% and 12.73%, respectively. In addition, the benchmark 5-year return is 11.45%. The total AUM is ₹45,275 crore, and the expense ratio is 0.49%. The minimum SIP for the fund is ₹100, and it has a very high risk rating.
- Strengths: It has both large- and mid-cap stocks, which help diversify investment across various market segments. Also, the 5-year CAGR is higher than the benchmark’s.
- Drawbacks: The very high risk makes this fund volatile, especially when the market performance is poor.
2. Mirae Asset Large Cap Fund Direct
Mirae Asset Large Cap Fund Direct primarily invests in large-cap companies that are typically more experienced in their respective industries. This fund’s AUM is ₹38,729 crore with an expense ratio of 0.50%. The 3-year CAGR of this fund is 10.74%, and the 5-year CAGR is 10.02%. The 5-year return benchmark for the fund is 10.72%. SIP of ₹100 can be started in this fund. However, it is rated as one of the highly risky funds.
- Strengths: Large-cap investing enables exposure to more experienced companies, and hence the fund will be comparatively less volatile than other mid- or small-cap funds. The fund’s high AUM suggests there are many investors.
- Drawbacks: Even large-cap funds get affected during market correction. Its 5-year CAGR is lower than the 5-year benchmark return. It is not for investors who expect guaranteed returns from the fund.
3. Mirae Asset ELSS Tax Saver Fund Direct
Mirae Asset ELSS Tax Saver Fund Direct is a direct equity-linked savings scheme for investors seeking exposure to equities while also availing eligible tax savings under applicable tax provisions. The fund managed a 14.44% 3-year CAGR and a 12.91% 5-year CAGR, compared to a 11.98% 5-year benchmark CAGR. The fund’s AUM is ₹26,373 crore, with an expense ratio of 0.56%. Minimum SIP for the scheme is ₹500.
- Strengths: It is a scheme that offers investment in equities along with tax benefits under applicable tax provisions. The fund’s 3-year and 5-year CAGRs are better than those of the benchmarks.
- Drawbacks: There is a mandatory 3-year lock-in period for ELSS investments. The risk associated with the fund is very high since it invests in equities.
4. Mirae Asset Midcap Fund Direct
Mirae Asset Midcap Fund Direct invests in mid-sized companies that have the potential to deliver higher returns over the long run. This fund offers the best 3-year CAGR of 18.74% among the funds mentioned, and a 5-year CAGR of 17.49%. The 5-year benchmark return of this fund is 17.74%. The fund’s AUM is ₹20,268 crore, and the expense ratio is 0.50%. The minimum SIP for this fund is ₹100.
- Strengths: The fund has historically delivered strong returns, given its 3-year and 5-year CAGR relative to the benchmark. In addition, the minimum SIP amount of this fund is ₹100.
- Drawbacks: Mid-cap stocks are more volatile than large-cap stocks. This is a very high-risk fund, and hence investors might expect short-term fluctuations.
5. Mirae Asset Liquid Fund Direct
This fund is designed for people who wish to have a somewhat lower-risk mutual fund than equity-oriented funds. This fund has an AUM of ₹13,190 crore, a very low expense ratio of 0.08%. This fund has a 3-year CAGR of 6.96% and a 5-year CAGR of 6.30%. The minimum SIP for this fund is ₹100, and its risk level is low to moderate.
- Strengths: The low risk factor and low expense ratio will help investors get some use from this fund. Also, the fund can be used for parking surplus money.
- Drawbacks: The return potential of this fund is very low compared to the equity-oriented funds. The growth potential is also very low for those investors seeking to build wealth aggressively over the long run.
6. Mirae Asset Aggressive Hybrid Fund Direct
Mirae Asset Aggressive Hybrid Fund Direct invests in equity and debt through one single investment vehicle. In that way, it is possible to gain exposure to both equity and debt. This fund has delivered a 12.52% CAGR over three years and an 11.27% CAGR over five years. The AUM of this fund is ₹9,536 crore, and the expense ratio is 0.40%. The minimum SIP amount is ₹100, and the risk is very high.
- Strengths: This fund has a blend of equity and debt investments, making it more diversified than an equity fund. Also, the expense ratio of 0.40% is quite moderate compared with the other funds listed here.
- Weakness: Despite being a hybrid fund, it has been classified as very high risk. Its returns can vary due to equity exposure.
7. Mirae Asset Focused Fund Direct
Mirae Asset Focused Fund Direct is a focused fund whose investment strategy involves investing in a concentrated portfolio of selected companies. Mirae Asset Focused Fund Direct has an AUM of ₹6,635 crore, an expense ratio of 0.56%, a 3-year CAGR of 9.33%, a 5-year CAGR of 8.35%, and a provided benchmark 5-year return of 11.98%. Minimum SIP is ₹100.
- Strengths: A focused portfolio allows the manager to invest in selected companies with greater confidence. Thus, investors will be able to invest in a concentrated portfolio of companies rather than a diversified one.
- Drawbacks: A higher level of risk might be implied by a concentrated portfolio because a poor performance of several companies will be more influential. The 5-year CAGR is lower compared to the benchmark return. The fund’s risk rating is very high.
8. Mirae Asset Multicap Fund Direct
Mirae Asset Multicap Fund Direct has diversified its investments by market cap and has invested in large-, mid-, and small-cap companies. With this approach, it has the advantage of participating in various sectors of the stock market. Its AUM is ₹5,470 crore, and the expense ratio is 0.39%. The minimum SIP for the scheme is ₹100, and the fund is considered very high risk.
- Strengths: With a multi-cap approach, it can invest in companies across various market caps. This will help investors diversify their portfolios in the stock market. Also, it has a relatively lower expense ratio than others.
- Drawbacks: This fund does not have any 3-year CAGR, 5-year CAGR, or Benchmark Return. It is a very high-risk fund and is likely to face high volatility in correction periods.
9. Mirae Asset Nifty 50 ETF
This exchange-traded fund seeks exposure to the Nifty 50 Index. From the information provided, the ETF had a 3-year CAGR of 9.04% and a 5-year CAGR of 9.28%. The benchmark return for this particular ETF for 5 years was 10.72%. The ETF’s asset under management (AUM) is ₹5,416 crore. It also has the lowest expense ratio at 0.04%. This fund is categorised as very high risk.
- Strengths: The very low expense ratio is one of the major strengths. An investor can get diversified exposure to top Nifty 50 stocks through an ETF.
- Drawbacks: The ETF has 5 year CAGR that is lower than the benchmark. Being an equity ETF, the fund is vulnerable to fluctuations in the stock market.
10. Mirae Asset Small Cap Fund Direct
The Mirae Asset Small Cap Fund Direct mainly invests in smaller firms that have substantial growth potential through expansion. The fund has an AUM of ₹5,221 crore and an expense ratio of 0.34%. The minimum SIP of the fund is ₹100. However, the information provided does not contain its 3-year CAGR, 5-year CAGR or benchmark 5-year return. The risk rating for the fund is very high.
- Strengths: Investing in small-cap funds will give you exposure to newer companies with strong growth potential. The fund has a 0.34% expense ratio, which is quite low, and the minimum SIP of ₹100 allows for small investments.
- Drawbacks: Small-cap stocks are very volatile and prone to price drops during market corrections. Lack of return details in the provided information makes it difficult to compare performance. Investors must be ready to take on high risk over a long-term investment period.
How did we select these Mirae asset Funds?
Selecting appropriate mutual funds from the Mirae Asset category requires much more than assessing performance. We have considered performance, risk, expense, fund structure, portfolio composition, and track record to make a fair comparison of the choices available to investors.
- Past Performance: The historical performance of the scheme across various periods was examined to assess the fund’s performance over time. Past performance does not guarantee future results.
- Returns Consistency: Returns that have been consistently maintained, irrespective of the market cycle, are valued more than short-term profits.
- Risk Level: The risk involved in the scheme was compared with its investment category. This will help determine whether the fund is right for one’s risk profile.
- Expense Ratio: The expense ratio was considered because low expenses could affect the investment’s long-term performance.
- Portfolio Quality: The quality of the fund portfolio was also considered.
- Size of Fund & Management: The size of the fund and experience of the fund managers were also considered.
- Investment Objective: Finally, the objectives of each fund were compared to determine whether they are related to common objectives such as wealth creation, tax savings, and diversification.
Mirae Asset Funds vs Other Fund Categories
Mirae Asset offers mutual funds across various categories, making it easier for investors to choose a scheme that aligns with their risk appetite and financial goals.
| Fund Category | Risk Level | Return Potential |
| Mirae Asset Funds | Moderate to Very high | Depends on the Scheme |
| Large cap funds | High | Moderate to High |
| Mid Cap Funds | Very High | High |
| Small Cap Funds | Very High | High to Very High |
| Flexi Cap Funds | High to Very High | High |
Benefits and Risks of Mirae Asset Mutual Funds
Mirae Asset mutual funds offer various schemes for investors with different goals and risk levels. However, like all mutual fund investments, they also carry certain market and scheme-specific risks.
Benefits:
- Variety of Plans: Mirae Asset funds are available in various plans, including equity, hybrid, debt, and tax-saving options. An investor can choose a plan based on their investment goals and risk tolerance.
- Professional Fund Management: The plans are managed by professional fund managers who conduct thorough research into companies and market conditions before making investment decisions.
- Diversification: Mutual funds hold several securities, thereby offering diversification of investments. This is likely to cushion an investor against losses due to poor performance by one of the companies.
- Wealth Creation: Mirae Asset’s equity-focused funds offer opportunities for long-term wealth creation. They may be appropriate for those seeking to create wealth in the long term.
- Systematic Investment Plan (SIP): Investors can enrol in SIP and make consistent investments. This will be helpful for regular income earners and promote discipline in investing.
- Tax-Saving Opportunities: Mirae Asset also offers tax-saving schemes, such as ELSS, under which investors enjoy tax savings as per income tax laws.
Risks:
- Market Risk: There is a possibility of fluctuations in stock prices and market conditions. Your investment may depreciate due to adverse market effects.
- No Assurance: There is no assurance of mutual fund returns. The actual return on investment will be based on the performance of the chosen scheme’s securities.
- Scheme Risk: Each mutual fund operates on its own principles and has its own set of risks. Investors must have knowledge about the scheme.
- Highly Volatile: Midcap and Small Cap Funds tend to be more volatile than certain large cap funds. This will result in high volatility of the portfolio.
- Interest Rate Risk: Changes in interest rates will affect debt and hybrid mutual funds. When choosing debt schemes, investors should bear this risk in mind.
- Past Performance is No Assurance: Past Performance of the mutual funds cannot be taken as assurance of future returns.
Who should consider and avoid Mirae Asset mutual funds?
Mirae Asset Mutual Funds can be chosen by investors seeking professionally managed, market-based investments with a medium- to long-term investment horizon. Investors who wish to create wealth, diversify their portfolios, or make goal-based investments can choose from a range of schemes across equity, hybrid, and other categories.
Equity-oriented schemes from Mirae Asset can be considered by investors with a 5-year investment horizon, as they can withstand short-term market ups and downs while focusing on long-term growth. However, one has to choose the appropriate scheme based on the investor’s risk-taking capacity, financial objectives, and investment horizon.
Mirae Asset Mutual Funds may not be ideal for investors who require guaranteed returns, cannot accept market fluctuations, or need to access their funds within a short period. Investors with a very low risk tolerance should assess the scheme before investing. It should be noted that past performance of the fund cannot predict future performance.
How to choose a Mirae Asset mutual fund?
The selection of a mutual fund from Mirae Asset depends on the investor’s investment objective and his/her time horizon. The following points are considerations an investor should keep in mind when selecting a suitable mutual fund scheme.
- Determine your Investment Objective: First, decide on the purpose of the investment objective, i.e., whether the investor is saving for wealth creation, a retirement plan, tax savings, or another purpose.
- Determine the Category of Scheme: Determine the type of scheme the investor is considering – large-cap, mid-cap, small-cap, flexi-cap, hybrid, or debt.
- Determine Your Risk Tolerance Level: If the scheme is an equity scheme, it will be subject to market fluctuations. Choose the scheme according to the individual’s risk tolerance level.
- Performance Analysis of the Fund: Review the fund’s performance across various market conditions, but keep in mind that past performance doesn’t guarantee future results.
- Expense Ratio: The expense ratio is the cost of managing the fund. Compare expense ratios across schemes to assess the investment cost of each.
- Portfolio & Fund Manager of the Scheme: Analyse the portfolio and the fund manager of the scheme.
SIP Vs Lump sum for Mirae Asset funds
Both SIP and Lump-sum investing can be used to invest in Mirae Asset mutual funds. The right approach depends on your income, available funds, and risk tolerance.
| Factor | SIP | LumpSum |
| Investment method | Invest a fixed amount regularly, usually every month | Invest a larger amount at one time |
| Suitable for | Salaried investors and those with regular income | Investors with a sizeable amount available for investment |
| Market timing | Reduces the need to time the market by spreading investments over time | The investment is made at one market level, so timing can have a greater impact |
| Best suited for | Long-term wealth creation and goal-based investing | Investors who have surplus funds and a suitable investment strategy |
| Flexibility | Investment amount can be adjusted or stopped as per the scheme rules | A large amount is invested upfront, though additional investments can be made later. |
Direct Vs Regular Mirae Asset mutual funds
Mirae Asset mutual funds are available through both Direct and Regular plans. The main difference is how investors purchase the fund and the expenses involved, which can affect long-term returns
| Factor | Direct Mirae Asset Mutual Fund | Regular Mirae asset Mutual fund |
| How you invest | Invest directly with the mutual fund house or through eligible direct platforms | Invest through a distributor, broker, or financial advisor |
| Expense ratio | Generally lower because there is no distributor commission. | Generally higher as distributor commissions are included |
| Suitable for | Investors who understand mutual funds can make their own decisions | Investors who prefer professional guidance while selecting and managing investments |
| Investment cost | Lower ongoing fund expenses in most cases | Higher ongoing expenses compared with the direct plan |
| Choice | Suitable for confident, self-directed investors | Suitable for investors who value distribution and advisory support |
Taxation of Mirae Asset mutual funds
The tax treatment of Mirae Asset mutual funds depends on the type of scheme, holding period and, in some cases, the date on which the units were acquired.
| Fund Type | Holding Period / Purchase Date | Tax Treatment |
| Equity-oriented mutual funds | Up to 12 months | Short-term capital gains are taxed at 20% |
| Equity-oriented mutual funds | More than 12 months | Long-term capital gains exceeding ₹1.25 lakh in a financial year are taxed at 12.5% |
| Debt-oriented mutual funds acquired on or after 1 April 2023 | Irrespective of holding period | Gains are treated as short-term capital gains and taxed according to the investor’s applicable income-tax slab rate |
| Debt-oriented mutual funds acquired before 1 April 2023 | Up to 24 months | Short-term capital gains are taxed according to the investor’s applicable income-tax slab rate |
| Debt-oriented mutual funds acquired before 1 April 2023 | More than 24 months | Long-term capital gains are taxed at 12.5% without indexation |
Other Best Mutual Fund Categories
Besides the funds discussed above, investors can also explore other Mirae asset-focused options
FAQs
Some prominent schemes include Mirae Asset Midcap Fund, Mirae Asset ELSS Tax Saver Fund, Mirae Asset Large & Midcap Fund, Mirae Asset Aggressive Hybrid Fund, and Mirae Asset Large Cap Fund. Depending on the performance period, an investor must compare their 3-year and 5-year performances before investing.
The Mirae Asset Mutual Funds are appropriate for investors who have financial objectives and an investment time horizon similar to those of the chosen scheme. It is advisable to opt for equity schemes if an investor is looking for long-term investments.
Not all funds are suitable for everyone. As per the information provided, Mirae Asset Midcap Fund has the highest 3-year CAGR at 18.74% and a 5-year CAGR of 17.49%. However, other risk factors, objectives, and tenure should also be considered.
First, define your objective, investment tenure, and risk profile. Then analyse the funds considering their CAGR, performance relative to the benchmark, expense ratio, asset allocation, and total assets under management. One should never choose a fund purely based on its past returns.
Investors seeking professionally managed and market-linked funds may consider Mirae Asset mutual funds. Equity-oriented funds are suitable for long-term investors who can withstand market movements. A suitable choice of fund would depend on the investor’s investment objective, risk tolerance, and investment period.
Which Mirae Asset fund is the best-performing in the past 1-year period will vary with market movements and can be found by checking the most up-to-date information. Do not make your judgment only on the past 1-year performance. Comparisons of short- and long-term performance, as well as the fund’s risk, should be considered.
No, mutual funds in India or elsewhere are completely free from risk. All Mirae Asset funds are market-linked and carry varying risks depending on their investment categories and each scheme’s portfolio.
Investment timing is not a function of market movements; it must be determined by one’s financial goals and investment time horizon. Long-term investors may opt for SIPs to make regular investments. The chosen investment option has to be consistent with one’s risk-taking capacity and objectives.
There is a lot of difference between Mirae Asset mutual funds and fixed deposits in terms of risks and returns. It is possible that mutual funds could give higher growth opportunities but are subjected to market risk, whereas FDs provide more certainty in terms of returns.
