Mirae Asset Mutual Fund in India is part of the global Mirae Asset Financial Group, headquartered in Seoul, South Korea. Here's an overview of the company: ## Background and Establishment - Establishment: Mirae Asset Mutual Fund was established in India in 2007, with its asset management business commencing in 2008[3][5]. - Parent Company: It is a subsidiary of Mirae Asset Global Investments Co. Ltd., which is part of the Mirae Asset Financial Group[3][5]. ## Operations and Products - Asset Management: Mirae Asset Mutual Fund manages a diverse range of investment products, including equity funds, debt funds, hybrid funds, and ETFs[3][5]. - Assets Under Management (AUM): As of December 31, 2024, Mirae Asset Mutual Fund's AUM stood at Rs. 1,98,338 crore[5]. - Key Funds: Some of its notable funds include the Mirae Asset Emerging Bluechip Fund, Mirae Asset Tax Saver Fund, and Mirae Asset Nifty 50 ETF[3][4]. ## Leadership and Team - CEO: Swarup Mohanty is the CEO of Mirae Asset Global Investments (India) Pvt. Ltd.[3]. - CIO: Neelesh Surana serves as the Chief Investment Officer, overseeing investment strategies and managing several key funds[3]. - Head of Fixed Income: Mahendra Kumar Jajoo leads the fixed income division[3]. ## Investment Process - Digital Platform: Investments can be made online through platforms like Paytm Money and Groww, offering a hassle-free and transparent process[2][3]. - KYC Requirements: Investors need to complete their KYC verification to invest in mutual funds[2][3]. ## Growth and Recognition - Growth: Mirae Asset Mutual Fund is recognized as one of the fastest-growing asset management companies in India[3]. - Folio Base: As of September 2024, it had over 65 lakh folios and a significant monthly SIP book[5].