Mirae Asset Mutual Fund, set up in 2008, is now among the top 10 asset management companies in the country. Currently, Mirae Asset Mutual Fund manages around 77 fund schemes, including 52 equity funds. The company’s total assets under management (AUM) have crossed Rs 2 lakh crore, reflecting its growing investor base and strong performance track record.
In this story, we will review the performance of the top three Mirae Asset equity mutual funds based on their 10-year returns. These funds are: Mirae Asset Large & Midcap Fund, Mirae Asset Great Consumer Fund, and Mirae Asset Large Cap Fund.
All three of these Mirae Asset equity funds have delivered excellent returns over the last 10 years and have helped investors generate significant long-term wealth. For the purpose of this review, we have considered only the direct plans of these mutual funds.
Also read: Top performing small cap funds in the last 10 years
Top 3 Mirae Asset funds with the highest 10-year returns
1. Mirae Asset Large & Midcap Fund
The fund has delivered an impressive 21.89% annualised return since its launch on January 1, 2013. Over shorter timeframes, it has also performed well — 18.57% annualised return in 3 years, 25.60% in 5 years and 18.75% in 10 years.
As of April 30, 2025, the scheme manages an AUM of Rs 37,799 crore and has an expense ratio of 0.61%. The fund is benchmarked against the NIFTY Large Midcap 250 TRI index.
If we look at SIP returns since launch, the fund has generated a strong 20.22% annualised return. Its 10-year SIP return stands at 18.61% CAGR.
To give a clearer picture, if an investor had started a monthly SIP of Rs 10,000 since the fund’s launch, their investment would have grown to Rs 53.23 lakh by now (based on 20.22% annualised returns).
For a lump sum investment, Rs 1 lakh invested 12 years ago in this fund would have grown to Rs 11.63 lakh today.
2. Mirae Asset Great Consumer Fund
Since its launch on January 1, 2013, the fund has delivered a solid 18.15% annualised return. Over 3, 5, and 10 years, it has generated 21.65%, 25.29%, and 16.87% returns respectively.
The Mirae Asset Great Consumer Fund currently manages an AUM of Rs 4,117 crore and has a low expense ratio of 0.44%. It tracks the NIFTY India Consumption TRI as its benchmark.
Looking at SIP performance, the fund has delivered 18.37% CAGR since launch, which means a monthly SIP of Rs 10,000 would have grown to Rs 47.03 lakh. Its 10-year SIP return stands at 18.51% annualised.
For lump sum investors, Rs 1 lakh invested in January 2013 would be worth approximately Rs 7.86 lakh today.
3. Mirae Asset Large Cap Fund
The large-cap fund has delivered a 16.42% annualised return since its launch on January 1, 2013. Its performance over shorter timeframes has also been consistent, with 15.42% return in 3 years, 21.09% in 5 years, and 14.49% in 10 years, all on an annualised basis.
As of April 30, 2025, the fund manages an AUM of Rs 38,892 crore, with an expense ratio of 0.54%. It tracks the NIFTY 100 TRI as its benchmark index.
In terms of SIP performance, the fund has generated a 15.86% CAGR over the last 12 years. A monthly SIP of Rs 10,000 since inception would have grown to Rs 45.62 lakh. The 10-year SIP return stands at 14.88% annualised.
For lump sum investors, an investment of Rs 1 lakh made 12 years ago would now be worth approximately Rs 6.56 lakh, based on a 16.42% CAGR.
Also read: Cheapest SBI mutual funds: Top 3 schemes with lowest exit load and high returns
(Data source: Value Research)
The returns mentioned above are based on past performance and are not indicative or a guarantee of future returns. Mutual fund investments are subject to market risks, and actual returns may vary. Investors are advised to read all scheme-related documents carefully and consult a SEBI-registered financial advisor before making any investment decisions.