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Mirae Asset

Mirae Asset Mutual Fund lifts restrictions from large and midcap fund

The fund house cited a surge in investment opportunities as the reason behind the decision

Mirae Asset Mutual Fund lifts restrictions from large and midcap fund
Updated On : 26 Jul 2024 | 7:55 PM IST

Alpha advantage: Target market outperformers with Mirae Asset's new fund

The Nifty200 Alpha 30 index consist of 30 stocks which are selected from its parent Nifty 200 index based on 'Jensen's Alpha'. The weight of stocks in the index is based on their alpha scores.

Alpha advantage: Target market outperformers with Mirae Asset's new fund
Updated On : 05 Jul 2024 | 2:47 PM IST

Zero electricity bill, tax tweaks: Govt's 100-day agenda, budget wish list

From a long-term perspective, however, the focus, Mirae Asset said, would be on infrastructure development, farm laws, skill development, and creating employment

Zero electricity bill, tax tweaks: Govt's 100-day agenda, budget wish list
Updated On : 22 May 2024 | 9:21 AM IST

Focus on fundamentals as valuations of stocks reach sky-high: Mirae Asset

"There are pockets of froth we are avoiding, particularly, where valuations have surpassed fundamentals," said Neelesh Surana, chief investment officer - equity at the firm

Focus on fundamentals as valuations of stocks reach sky-high: Mirae Asset
Updated On : 04 Mar 2024 | 5:04 PM IST

Mirae Asset Mutual Fund seeks Sebi's approval for mid, smallcap funds

While the industry has always had large and midcap funds, there is no scheme that offers exposure only to mid- and smallcap stocks

Mirae Asset Mutual Fund seeks Sebi's approval for mid, smallcap funds
Updated On : 29 Feb 2024 | 10:23 PM IST

BNP Paribas sells retail broking arm Sharekhan To S Korea's Mirae

Paris-headquartered BNP had acquired 100 per cent equity of Sharekhan from a clutch of investors in 2015

BNP Paribas sells retail broking arm Sharekhan To S Korea's Mirae
Updated On : 12 Dec 2023 | 10:02 AM IST

Lord's Mark Industries set to go public in 2024, aims to raise Rs 500 cr

IDBI Capital and Mirae Asset have been appointed as the merchant bankers for the listing

Lord's Mark Industries set to go public in 2024, aims to raise Rs 500 cr
Updated On : 05 Dec 2023 | 6:20 PM IST

CCI clears Mirae Group's minority stake buy in Shadowfax Technologies

Fair trade regulator Competition Commission of India (CCI) on Tuesday cleared Mirae Group entities' acquisition of a minority stake in Shadowfax Technogies. The Mirae Group entities undertake venture investments and are ultimately directly or indirectly controlled by the global investment manager Mirae Group. "The commission approves the proposed acquisition of minority stake in Shadowfax Technologies Private Limited by the Mirae Group Entities," according to a post by CCI on social media platform X on Tuesday. Shadowfax Technologies provides logistics services, and third party (3P) logistics services in the country. The deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.

CCI clears Mirae Group's minority stake buy in Shadowfax Technologies
Updated On : 14 Nov 2023 | 10:49 PM IST

Mutual funds' retail asset growth pips the overall AUM, shows data

Among the top 10 fund houses, Kotak Mahindra MF and Mirae Asset MF logged the highest growth in retail assets at 70 per cent and 66 per cent, respectively

Mutual funds' retail asset growth pips the overall AUM, shows data
Updated On : 10 Aug 2023 | 10:36 PM IST

Mirae Asset infuses fresh capital of Rs 1,240 cr in its Indian broking arm

Mirae Asset Capital Markets India, the broking arm of a Korean fund house, on Monday said it has received a fresh capital infusion of Rs 1,240 crore from its parent, bolstering its growth capital. With this latest capital injection, Mirae Asset India has received a total funding of Rs 3,190 crore, reflecting the parent's belief in the growth potential of this market, apart from reinforcing the Korean fund house's commitment to expanding its presence in the country. Mirae Asset is poised to provide high-quality services and disrupt the market with its tech-driven approach at its retail stock broking arm m.Stock. In a little over a year, m.Stock has generated Rs 1.4 lakh crore in turnover on its platform from 2.5 lakh paid accounts and 65 per cent active clients. Since the launch of its margin trading facility last July, the feature has reported a book size of over Rs 270 crore, largely due to the competitive rates, which range from 6.99 -9.49 per cent per annum. According to Robinso

Mirae Asset infuses fresh capital of Rs 1,240 cr in its Indian broking arm
Updated On : 12 Jun 2023 | 4:21 PM IST

Mirae Asset inks pact with FundsIndia to give loan against securities

Mirae Asset Financial Services on Wednesday said it has inked a pact with FundsIndia to provide loans against securities. This credit facility is available on FundsIndiainvestorplatform and soon will be released on their partner platform as well, a joint statement said. FundsIndia partners will also be able to offer the product to their investors digitally via the FundsIndia partner platform, it said. As part of the deal, investors will be able to pledge their mutual fund units of different asset management companies (AMCs) to avail loans against mutual funds, it said. Customers can also pledge shares from a large list of approved shares held in demat account with NSDL only, it said. The investors will get the option of creating an overdraft facility against their mutual funds and shares on the FundsIndia portal at 9 per cent pa and with a fixed processing fee of Rs 999 plus taxes that will help them manage their liquidity without redeeming their investments, it said.

Mirae Asset inks pact with FundsIndia to give loan against securities
Updated On : 10 May 2023 | 7:33 PM IST

Mutual funds' new-age technology schemes prove to be a non-starter

Despite several innovative tech FoF applications with Sebi, only one hits the market

Mutual funds' new-age technology schemes prove to be a non-starter
Updated On : 05 Dec 2022 | 11:21 PM IST

Mirae NBFC arm floats new product offering loans against MF holdings

Customers can avail instant loans of up to Rs 3 crore by pledging their equity and debt MF holdings on a mobile app

Mirae NBFC arm floats new product offering loans against MF holdings
Updated On : 04 Jul 2022 | 5:10 PM IST

From Nippon India to Mirae Asset, focus funds shine in market rebound

Most focused funds have exposure of around 50-60% in large-cap stocks, with the remaining between mid- and small-cap stocks

From Nippon India to Mirae Asset, focus funds shine in market rebound
Updated On : 28 Mar 2021 | 8:57 PM IST

We have not had any panic redemption in recent weeks: Mirae Asset

In the recent past, we have used the market volatility to add some quality franchises and replaced our weakest holdings. Overweight healthcare, insurance, automobiles/consumer discretionary.

We have not had any panic redemption in recent weeks: Mirae Asset
Updated On : 28 Apr 2020 | 8:24 AM IST

Mirae Asset eyes 40,000 cr AUM in 2019; eyes 74% growth over 2018

The company had closed 2018 with Rs 23,000 crore of AUM and recorded a growth of more than 50 per cent during the calendar year

Mirae Asset eyes 40,000 cr AUM in 2019; eyes 74% growth over 2018
Updated On : 20 Apr 2019 | 2:10 AM IST

Mirae Asset India Equity Fund: Stock selection aids outperformance

Its month-end assets under management (AUM) increased over seven times from Rs 1,454 crore in February 2016 to Rs 10,343 crore in January 2019

Mirae Asset India Equity Fund: Stock selection aids outperformance
Updated On : 24 Feb 2019 | 10:26 PM IST

There's urgency to improve credit assessment: Mirae Asset's Swarup Mohanty

Indian markets have faced a perfect storm over the last few months, driven by a slew of global and domestic factors, says CEO of Mirae Asset Management

There's urgency to improve credit assessment: Mirae Asset's Swarup Mohanty
Updated On : 01 Nov 2018 | 11:01 AM IST