Now start SIP in Mirae Asset Large and Mid Cap Fund with just Rs 500!

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Good news for retail investors who want to put their hard-earned money in Mirae Asset Large and Mid Cap Fund and Mirae Asset Great Consumer Fund. Now, investors can start SIPs in these schemes inter-alias from as low as just Rs 500. Infact, the South Korea-based Mirae Asset Mutual Fund has announced that now retail investors can start SIPs in a total of 21 of its mutual fund schemes with just Rs 500. This will be applicable from January 1, 2024. Retail investors starting investment in the Mirae Asset Mutual Funds from next year can start with just Rs 500 SIP.

Funds in which you can start SIPs for as low as Rs 500 from January 1, 2024 are as follows:

1. Mirae Asset Arbitrage Fund

2. Mirae Asset Balanced Advantage Fund

3. Mirae Asset Banking and Financial Services Fund

4. Mirae Asset Large & Midcap Fund (Formerly known as Mirae Asset Emerging Bluechip Fund)

5. Mirae Asset Equity Savings Fund

6. Mirae Asset Flexi Cap Fund

7. Mirae Asset Focused Fund

8. Mirae Asset Great Consumer Fund

9. Mirae Asset Healthcare Fund

10. Mirae Asset Aggressive Hybrid Fund (Formerly known as Mirae Asset Hybrid-Equity Fund)

11. Mirae Asset Large Cap Fund

12. Mirae Asset Midcap Fund

13. Mirae Asset Multicap Fund

14. Mirae Asset Equity Allocator Fund of Fund

15. Mirae Asset Nifty India Manufacturing ETF Fund of Fund

16. Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund

17. Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund

18. Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund

19. Mirae Asset NYSE FANG+ ETF Fund of Fund

20. Mirae Asset S&P 500 Top 50 ETF Fund of Fund

21. Mirae Asset Hang Seng Tech ETF Fund of Fund

Earlier, retail investors were required to start investing in most of these schemes with Rs 1,000 SIP. While, in overseas FoFs, investors could only start with Rs 5,000 SIP. But now, in all of these schemes they just need Rs 500 to start SIPs.

This is a good news for small investors who were looking to reap benefits of higher returns in various schemes of the AMC. Because of high SIP requirement, middle income people couldn’t invest in the schemes. But with reduced SIP requirement, retail participation is all set to flourish in high returns yielding schemes of this fund. Lets take a look at top five performing funds of the Mirae Asset Mutual Fund:

                                              Top Five Performing Funds of Mirae Asset Mutual Fund:

Source: Groww