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Overseas education can open numerous doors of growth and opportunities for a career, but it is expensive and places a huge financial burden on parents who want to send their children to foreign universities.  The covid-19 pandemic, along with other difficulties, has managed to ravage the savings of some parents to a great extent. Moreover, inflation has also led to high education costs, and it has now become difficult to ensure the education dreams of a student without proper financial planning.  If you are short on money for your child’s overseas education and have hit a roadblock, then it is important to look at options that will help in arranging the money. Tips to arrange study abroad funding 1. Installment option on fees Studying abroad is not easy as it requires a huge amount of money to meet numerous expenses. A big chunk of it goes towards the tuition fees, which have to be paid upfront, at least for a full year.  Times have changed, and educational institutes understand the difficulty of arranging bulk amounts to be paid as tuition fees.  Foreign universities are allowing the option of installment payments or deferred payments. If you are short on money for your child’s overseas education, apply for an installment option on tuition fees. Paying fees per semester is affordable compared to the yearly fees as it minimizes the burden on parents to a great extent. Foreign universities are offering financial assistance to students whose families are facing financial difficulties. In some cases, the fees of the student are reduced, and in other cases, the payments are deferred to a doable period so that the money shortfall does not impact the child’s education.  2. Fast-track your studies  Students can fast-track their study courses if they are facing a shortage of money and are unable to meet the educational expenses in full. Most foreign universities have two to three-year programs, which are subdivided into semester formats. Students have to earn a minimum number of credits during this period. When you are short on money, it is not feasible to complete the degree course by attending college for the entire period. Students can enroll for additional credits and complete the program early. This will bring down the education costs and manage the money shortfall.  3. Apply to university alumni for financial aid  Sometimes unforeseen circumstances can deplete the amount of money that the parents have saved for their child’s overseas education. They may have a considerable shortage of funds and may be unable to meet all the education expenses easily. Students can approach the university for financial assistance. Most universities have an alumni network that provides monetary aid to deserving students with exemplary records who are unable to finish their education just because of money shortages. The alumni network evaluates the student’s grades, work experience, past performances, and the reasons for money shortage and, if found satisfactory, compensates by paying the remaining fees.  Some universities have an existing fund for students who are brilliant performers but, due to circumstances, are unable to pay the fees. If the student applies for financial assistance, then the fees in such cases are either reduced or paid by the fund held by the university itself.  4. Select an education loan with care If you are short on money for your child’s overseas education, then a loan is also a viable option. Select the education loan with care. Banks and NBFCs are vital sources of loans; hence check whether any sources are calculating the interest amount on a flat rate basis or on a reducing balance.   Look at the interest rate and consider other factors like repayment tenure, margin amount, and moratorium period as they are equally important. Remember, the interest rate on a reduced amount will be considerably lower than the total loan amount, so choose wisely. The college cost calculator on the EduFund app helps in calculating the future cost of college, which gives parents time to plan and save for their child’s college expenses in the smartest possible way. Financial experts will create an education savings plan that will meet the requirements of a student’s education aspiration. It also offers an option of taking out low-interest education loans with top banks.   Conclusion The desire to educate a child abroad is natural, but it often takes a toll on the parents who find themselves short on money for their child’s overseas education. Planning the expenses in another country with another currency is a task that, if not done properly, can create serious issues later on.  FAQs What are the best ways for Indian students to arrange funding for studying abroad? Indian students can secure funding for studying abroad through scholarships, grants, education loans, part-time jobs, and assistance from family and sponsors. How can Indian students find scholarships for studying abroad? Indian students can search for scholarships through government programs, universities, private organizations, and online scholarship databases. Many countries and universities offer scholarships to international students. Are there specific scholarships available for Indian students to study abroad? Yes, several scholarships, like the Commonwealth Scholarship, Inlaks Scholarship, and Fulbright Scholarship, are specifically available for Indian students pursuing higher education abroad. Can Indian students work part-time while studying abroad to support their education? Yes, many countries permit international students, including Indians, to work part-time during their studies. Students should check the work regulations of the destination country. What are the options for education loans for Indian students planning to study abroad? Indian students can avail of education loans from Indian banks and financial institutions, which offer loans designed for funding higher education abroad. The terms and conditions vary, so research different loan options.

Financial planning is extremely important so that you have great fortunes in the latter half of your life. If an individual plans his or her finances well enough, then a good corpus can be generated out of it. However, some financial mistakes can make financial planning harder. These mistakes may not be intentional but can be harmful! 5 financial mistakes to avoid at all costs 1. Spending unnecessarily  Most people do not plan their budgets well. It is a thumb rule that everyone should do their monthly budget planning as soon as they get their monthly income. You can keep aside money for necessities like school fees, ration, electricity bills, rent, and so on.   Apart from these things, there are certain miscellaneous costs that are also extremely important. You should keep a tentative amount for that as well. Make sure that you do not spend unnecessarily. If you do go overboard, try to cut off funds in different domains of requirement. Mistakes to avoid while investing in the US Market Read More 2. Paying off debt through savings  This is considered to be one of the biggest blunders committed in the finance domain. People get a mortgage of 15%, and the return of the savings plan is just 7%. So, people think that it is a good plan to pay off all the debts from the interest that is recovered through savings. You should never be doing that because if an individual takes money from their savings account, then they will tend to lose the interest that is earned by compounding. Furthermore, they will also incur a penalty for taking out money from a retirement fund or fixed deposit. 3. Ignoring the credit score  Ignoring the credit score is the next big mistake that people tend to commit. If you maintain a good credit score, it can help you save a lot of money on interest rates. Furthermore, maintaining a good credit score makes it easier to get a loan, and can fetch better rates of interest when you are buying a personal asset or getting a personal loan.   Inculcate a habit of checking your credit score every six months so that you can have a stable and progressive portfolio. Make changes according to the credit scores that are being offered. Common Investing Mistakes to Avoid Read More 4. Not saving for child education  With the growing rate of education inflation, if you miss out on saving and investing properly for your child’s education, then it might prove to be a heavy burden for you later. Hence, you should make sure that you are setting aside a certain amount every month that is invested in your child’s higher education. Moreover, the pandemic has also led to an increase in tuition fees of colleges in India and abroad.   If you start investing early enough, you will be able to generate a good corpus for your child’s higher education which will ensure no financial burden on him or her. 5. No savings plan for retirement  Retirement is a phase of a person’s life where he or she lives on what has been earned and invested until now. Hence, it is a crucial thing to plan and save wisely for retirement. It is best to start saving as early as possible. If you are still young and earn less income, then start small but be consistent and disciplined. Start a SIP for Rs. 100 or a PPF account. The earlier you start, the bigger the amount that you will be able to generate.   Furthermore, 15% to 20% of your annual income should go to retirement. This will make sure that you have a good future once you retire and you do not have to work anymore.  These are some financial mistakes to avoid if you want to secure a fine future for your family!   FAQs Why is financial planning important for parents? Financial planning ensures a secure future, especially in the latter years of life, and helps create a substantial corpus. What is the biggest blunder when paying off debts using savings? The mistake is using savings with lower returns to pay off high-interest debts, leading to loss of interest and possible penalties. Why should you pay attention to your credit score? A good credit score saves money on interest rates, facilitates loans, and offers better interest rates for personal assets and loans. Why is it crucial to saving for your child's education? Rising education costs can create a significant financial burden. Saving for higher education ensures a stable financial future for your child. What's the importance of a retirement savings plan? Planning and saving for retirement are essential to ensure financial security during retirement. Starting early and being consistent in savings is vital for a comfortable future.

Snapchat has grown very popular amongst Indians in general due to the nature of how it functions! Snapchat is swiftly becoming one of the most popular social media platforms on the Internet? Undergraduates originally designed it at Stanford University in the United States to enable the instant sharing of photographs and movies. It was previously known as Snapfish. Millions of individuals have posted millions of posts and received millions of messages since the app's introduction in 2021. This is partly because it employs a sophisticated algorithm for determining what the user wants to see and what they do not.   People are concerned that Snapchat will face significant competition from smaller social media businesses such as Hootsuite and Facebook, which explains why Snapchat stock has plummeted thus far. Analysts who follow social and digital media are crossing their fingers that Snapchat will avoid the same fate. The concern that Snapchat will forfeit the battle to these two behemoths is also fuelling the slide in stock prices.   Some predict a comeback in Snapchat shares since consumers enjoy sharing snaps with their friends and family. Facebook and MySpace might be used to make the same point. Analysts believe there is a significant possibility to profit from the advantages that Snapchat may provide investors.  Let's first look at some basic stuff associated with the company. Latest market close $33.26 52-week range 24.32 - 83.34 Dividend yield  NA Earnings per share  $-0.23 Beta 1.14 Market Capitalization $ 53.148 billion Average Volume (3m) 32,658,402 PE ratio  -  There are three ways in which you can invest in Snapchat from India   1. The direct way   You can trade in Snapchat from India by registering on a US brokerage account using technological platforms that provide this service or through a foreign brokerage with a direct presence in India. To start with this, you only need your PAN card and proof of address.   Snapchat's share price was the US $33.26 on January 14, 2022, which is over 2500 rupees. However, the premium price of Snapchat shares should not stop you from investing in them because some platforms allow you to participate in fractional shares. With $1, you can buy a part of a Snapchat stock and own a piece of the corporation.   2. The ETF way   One way to invest in Snapchat stocks from India is through an exchange-traded fund (ETF). ETFs are a grouping of stocks and bonds traded as a single fund. They're comparable to mutual funds in that they're invested in a pool of money. ETFs, on the other hand, are exchanged on the stock exchange and offer a simple and inexpensive way to gain access to a category of market or a group of companies. Buying an ETF via a platform is one way to invest in ETFs.   For example, you can invest in the Vanguard Total Stock Market ETF (VTI) and Global X social media ETF (SOCL), which contains Snapchat as one of its holdings.   Another option for investing in Snapchat stocks from India is to purchase ETFs that invest in Snapchat. You don't need to create a US brokerage account to invest in these ETFs. However, tracking errors in these ETFs may influence your returns.   3. The Mutual fund way   In this case, you will be investing in funds of Funds, a domestic mutual fund that invests in a mutual fund available in the United States. Since the investment would be made in Indian rupees, there is no investment restriction. Snapchat is included in several mutual funds, such as the Edelweiss' US Technology Fund of Fund but only to a minimal level. Furthermore, this strategy may prove to be more costly. An annual expense ratio will be required of you. The expense ratio of these funds is typically greater, as it includes an additional expenditure levied by the core global schemes they invest in, in addition to the usual India fund administration fee.   A note of caution here is to remember to evaluate your risk profile before purchasing any investment. Directly investing in equities like Snapchat would be a greater risk strategy for your portfolio.  FAQs What are the different ways to invest in Snapchat? There are several ways to start investing in Snapchat. You can directly invest in the company by buying its stocks through an app, you can invest in the company indirectly by investing in mutual funds or ETFs that will buy the stock as a part of their portfolio. How can I invest directly in Snapchat? Yes, you can invest in Snapchat from India on the EduFund. Download the App, set up your US account for free without any commission or opening charges. You also get first year free on account maintenance. Once its set up, you can invest in all the top US stocks on your own! What is the current share price for Snapchat? The current share price for Snapchat is $10.

We are always prepared for when the markets are correct. As rational investors, we know we should invest more in equity-based investments when the markets are low. But, do you know the right action to take when the markets are at a high? Traditional investor mentality Whenever the markets witness sharp extremes of high or low, investors become cautious about their next move. However, being extra cautious can often reduce the potential of the investments and make the investors take decisions that do not serve their best interests. Traditional investors usually see the market high as the perfect moment to stop their ongoing investments and sell their holdings. They then wait for market corrections to re-invest this money. This can be the right decision for investors who require money at that point in time. But liquidating your assets can create a huge speed breaker in your wealth creation journey. Investment strategies during the market boom 1. Review your portfolio This is the first step before you take any decisions related to your investments during extreme market movements. Do a thorough analysis and review of your portfolio. In this review, make sure you go fund by fund to check the performance. A detailed portfolio review will help you know what has changed in your investments from the time you invested in those market conditions. 2. Rebalance your portfolio The market volatility directly impacts your portfolio's asset allocation. E.g., when you would have begun your investment journey, your portfolio's equity: debt ratio would have been, let's take, 50:50. But when the markets boomed, the equity: debt would have increased to 70:30. This causes over-exposure to equity, which thereby increases the risk component of your portfolio. As an investor, you should periodically rebalance your portfolio or as and when the market demands so that your portfolio still performs optimally and you are way ahead of the market curve. 3. Invest in dynamic asset allocation funds A DAAF follows an intelligent asset allocation strategy depending on the market conditions. It works this way – When the markets are overvalued, this fund cuts down on its equity exposure and increases the debt allocation. In contrast, when the market is undervalued and has the potential to grow, this fund increases its asset allocation towards equity and reduces the debt exposure in its portfolio. Such funds provide the investors with the best of both worlds, that is, equity and debt, and generate steady returns regardless of market movements. This balanced fund investment is best for investors with a low to moderate risk appetite. Additional read: Importance of starting investment early 4. Give importance to value investing Even when the markets hit record highs, some stocks or shares are valued way below what they are worth. Value investing is an investment strategy that invests in stocks that are trading way below their intrinsic value and have a much higher potential for growth in the future. Investing in such stocks or funds providing exposure to such stocks helps the investor gain growth opportunities in their portfolios. 5. Avoid lump sum investments in equities The worst time to make lumpsum investments in equities is when the market is already booming and has a high P/E ratio. This means that the markets are already overvalued, and a correction is coming soon. The market movements follow a wave pattern, where every time the market goes up, it corrects to a certain level. Instead, you could make SIP investments in equities, which captures all market movements and also gives you an additional benefit of rupee cost averaging. 6. Goal-based investing Make a detailed investment plan to efficiently and effectively allocate your income. Make a set of objectives that you want to achieve with your investments. It may include buying a house, purchasing a car, planning an international holiday, or your child’s higher education abroad. When you know what you are investing for, you know what corpus you want to end up with. This helps you make your investment journey as smooth and straightforward as possible. The bottom line is, that when the markets are at a high, do not sell your investments hurriedly and re-invest entirely in the debt market. Also, putting your investments on hold can hurt your long-term goals and objectives. Follow the proper steps into rebalancing and diversifying your portfolio to ensure you are always in a comfortable position regarding your investments. Moreover, short-term volatility is not harmful to long-term investors. Always keep your goals in mind and invest systematically. FAQs What investment strategies are advisable during a market boom? The best strategy is to maintain a diversified portfolio, regularly rebalance your investments, and focus on long-term goals rather than short-term market fluctuations. Is it wise to invest aggressively during a market upswing? While it's tempting, avoid excessive risk. Stick to your risk tolerance, and consider gradual increases in equity exposure rather than abrupt shifts. How can I protect my investments during a market boom? Review and update your asset allocation, set realistic profit-taking goals, and stay informed about market trends to make informed decisions during periods of growth.

Millions of students from all over the world enroll in colleges abroad to broaden their horizons, develop their cross-cultural skills, and sharpen their language abilities. The majority of parents are devoted to paying for their child's overseas education and are ready to make personal sacrifices; this is true not only for primary and secondary school but also for postgraduate study. Even though this attitude is commendable, many parents are unaware of the costs associated with sending their children to an international university in the future. Countless students and their parents struggle to make their study abroad dream a reality due to poor or late planning and a relative lack of knowledge. Here are some financial planning strategies that parents may use to make their children's study abroad experience a little less stressful and a little more productive. With the help of these suggestions, you can assist your child in realizing their dreams while simultaneously preserving your long-term financial security. 1. Include cost forecasting in your plan Tuition is not the only cost of studying abroad. Your initial budget may increase significantly as a result of additional expenses such as student health insurance, academic materials, cost of living (housing, food, transportation), and entertainment. When creating your strategy, be sure to take these costs into account. Planning and budgeting are likely to go more smoothly if you anticipate increased prices and make additional savings as opposed to making smaller savings now in the hopes that they would be sufficient later. Adopting a pessimistic outlook will increase your prospects of building a future capital that is more than the real costs at that point. And the less you have to borrow at interest (like an education loan) when the time comes, the more you may give from your own savings or investments. This would not only reduce your overall debt load but also speed up your repayment process. 2. Consider long-term financial planning Planning is extremely important. As soon as you can, begin making plans for your child's international education. You may need to make certain personal sacrifices as a parent right now, so start looking at your spending patterns and reducing non-essential spending. Set aside money for your child's education, and do it regularly. Additionally, look at other options for saving and investing. Also, explore the places you might want to send your child as part of your financial planning in advance. Highly developed nations like the USA, Canada, the UK, Australia, and others are the most sought-after locations for higher education. The higher cost of living must be taken into account, and you must therefore include these aspects in your plan from the very beginning. 3. Consider inflation & exchange rates The US dollar has been among the strongest currencies in the world for many years, with practically all other currencies slowly losing value against it. You should anticipate that this will continue in the future for your currency as well. Therefore, regardless of when you intend to send your child abroad to study, you must account for inflation in your nation and potential depreciation of your currency in your study abroad budget. EduFund’s College Cost Calculator can help you figure out the average total amount you will require when you send your child to study abroad, factoring in inflation and exchange rates. Longer time frames provide you greater freedom to invest in high-risk assets like equity, which can assist you in the long term to fend off the impacts of inflation and currency rate fluctuations. 4. Find the best investment strategies Even though your child's international trip is years away, simply setting up an education fund with your current regular salary might not be sufficient to cover your child’s future needs. The living costs will probably increase from where it is today in the future. You need to start looking for extra sources of money right away that are separate from your (and your partner's) salary income if you want to lessen the impact of these potentially increased costs. As a result, you should look into medium- and long-term investment opportunities that you may begin making as soon as possible. Recognize your investment capacity and risk tolerance, and make investments accordingly. Our financial advisors can assist you in your search for mutual fund-based Systematic Investment Plans (SIP), education investment, or savings plans specifically designed for education. 5. Consult an expert investment advisor Most people find the process of preparing for an international study abroad to be intimidating. You can still feel completely unprepared with your action plan and strategy even if you start early, set a budget and a costing plan, and examine the many investment possibilities. Talking to a professional may be a good option if you feel stuck. You can explore your possibilities and create a more thorough and practical strategy with the assistance of our investment advisors and study abroad experts. You might even discover new choices that you hadn't previously known about or hadn't considered. Conclusion A study abroad plan for your child can include confusing aspects of financial considerations, but with systematic planning and a practical mindset, you and your child can both benefit in the long run from pursuing this desirable goal. FAQs What is the 50-30-20 rule? The 50-30-20 rule is the best budgeting hack. It means you use 50% of your income for expenses, 30% of your income for luxuries, and 20% for savings and investing. This is a disciplined way of investing and saving for your family's future as parents. What are the 5 tips for budgeting for parents? Create a monthly budget Invest a certain amount every month for future goals like a child's education or a home. Use calculators to set a goal. Use the SIP calculator to know how much to save, use the College Cost Calculator to know the future cost of education with inflation, etc Use new investment techniques like the 50-30-20 rule, the SIP method, or the lumpsum method! Create an emergency fund so your savings are not exhausted in any unfortunate event How to manage investments in 1 lakh salary? You can use the 50-30-20 rule to invest in your family's future. You can invest 20% of your income towards investments and savings like Mutual funds via SIPs or Lumpsum.

What is a mutual fund? A mutual fund is an investment vehicle or a trust wherein investors pool their savings and share a financial goal. The collected money is invested in shares, debentures, and other mutual funds. Do you want to know how mutual funds actually work and what the parties involved in it are? Continue reading to know more. The organizational structure of mutual funds in India? The structure of mutual funds in India has three tiers with few other significant components. Banks or AMCs don't just create these investment vehicles. Three main entities are involved: the Sponsor (creator of the fund), Trustees, and Asset Management Company (AMC). All the mutual funds are regulated by SEBI – Securities Exchange Board of India, and the investors who purchase or invest in these funds are termed "Unitholders". 1. A sponsor Is a person or an entity that has the right to set up a mutual fund scheme to generate returns or income through common fund management. They are for the first part of the mutual funds' structure in India. The Sponsor has to get the mutual fund scheme approved by SEBI first. The Sponsor needs to create a Public Trust under the Indian Trust Act 1882 as they cannot work alone. A Sponsor's role is crucial for a mutual fund and should have high credibility. The eligibility criteria to become a sponsor are The Sponsor must have made a profit in 3 out of the last five years, including the immediately preceding year. The Sponsor must have five years of experience in financial services. The net worth of the Sponsor must be positive for all the preceding five years. Out of the total net worth of the AMC, 40% must be participated in by the Sponsor. 2. Trust and Trustees The Trust and the Trustees form the second central part of the mutual fund structure. Trustees are also the "protectors of the fund" appointed by the Sponsor. The role of the trustees, as the name suggests, is to maintain the investors' trust and work on the fund's growth. According to the SEBI regulations, Trustees are supposed to provide a report on the fund and the functioning of the AMC on a semi-yearly basis. The Trustee is responsible for supervising the entire functioning of the AMC and regulating the mutual funds' operations. Due to the rule of transparency, the AMC cannot float a new mutual fund scheme without the permission and approval of the Trust. The Trustees are required to be registered under SEBI. SEBI further regulates their registration by either suspending or revoking the registration if found breaching any conditions. Additional read: How to choose the best mutual fund scheme? 3. Asset Management Companies (AMC) The AMC is the third part of the mutual fund structure. An AMC is responsible for floating various schemes of mutual funds in the market, keeping in mind the investors' needs and the market's nature. They take help from bankers, brokers, RTAs, auditors, etc., and get into an agreement with them while creating a new scheme. The AMC creates mutual funds, which also oversee its development along with the Trust and the Sponsor. The AMC is responsible to manage funds and provide services to the investor. 4. Custodian A Custodian is an entity responsible for the safekeeping of Securities. They are registered with SEBI and are responsible for transferring and delivering units and securities. They manage the account of investment of the Mutual Fund, wherein investors can also track their investments and update their holdings. Along with safekeeping, custodians also facilitate the collection of corporate benefits such as bonus issues, interest, dividends, etc. 5. Registered Transfer Agents RTAs act as the bridge between Fund Managers and Investors. RTAs are SEBI-registered entities that process mutual fund applications, assist with investor KYC, manage and deliver periodic investment statements or reports, update records of investors, and process investor requests. 6. Other Participants Some other typical participants in the mutual fund structure are bankers, auditors, brokers, mutual fund distributors, etc. Brokers and distributors usually sell mutual fund units to prospective investors. Brokers also provide financial and investment advice after a thorough analysis, study, and prediction of market movements. Auditors are independent internal watchdogs who audit and scrutinize account records and annual reports of various schemes. Bankers play an essential role in collecting agents on behalf of the Fund Managers. Overall, India's mutual fund's structure is very well organized and highly regulated by SEBI. Moreover, the rule of transparency boosts the safeguarding of Investors' money. Nobody in the structure of mutual funds in India can misuse investors' money and utilize it for anything other than what is specified in the investment objective of that fund. FAQs What role does SEBI play in the structure of mutual funds in India? SEBI, or the Securities and Exchange Board of India, regulates, formulates, and supervises mutual fund policies in India to protect investors' interests. What part do AMCs play in mutual fund structure? AMCs, or Asset Management Companies, pool money from various investors and invest them in different securities like bonds, stock, commodities, govt. securities, etc. How do I invest in mutual funds online? You can simply download the EduFund App ➡️ sign up ➡️ explore saving options based on your goal, risk levels, time horizon, etc. ➡️ pick a plan ➡️ start investing. What is a mutual fund? A mutual fund is an investment vehicle or a trust wherein investors pool their savings and share a financial goal. The collected money is invested in shares, debentures, and other mutual funds. What are some ways to invest in a mutual fund? There are two ways to invest in a mutual fund - Lumpsum and SIP. Lumpsum is one-time investment while SIP is a recurring investment strategy where the user pays a set amount every month. Both are effective ways to invest and create wealth for your family's welfare. What is the organizational structure of the mutual fund? The structure of mutual funds in India has three tiers with few other significant components. Banks or AMCs don’t just create these investment vehicles. Three main entities are involved: the Sponsor (creator of the fund), Trustees, and Asset Management Company (AMC). All the mutual funds are regulated by SEBI – Securities Exchange Board of India, and the investors who purchase or invest in these funds are termed “Unitholders”.

Blue Chip stocks are considered the best way for "safer investment instruments" in the equity market. Do you think blue chip stocks are the right investment option for you? Please continue reading to learn more about blue chip stocks and their fit in your portfolio. What are bluechip stocks? Blue chip stocks are shares of a huge company with excellent goodwill and prestige. These companies have a large market capitalization and are well-established, known, and financially sound companies that have been operating for many years. Blue-Chip companies in India have a market capitalization greater than Rs. 50,000cr. These companies have a record of increasing their topline consistently and improving their operating margins on an upward trajectory. Why are they called blue chips? The name blue chip is used in the game of poker, which are the highest value pieces. This symbolizes that blue chip companies are well known and of the highest value in the equity market. Features of bluechip companies stocks Large market capitalization: These stocks trade at a higher price in the markets. Therefore, they form a massive part of the market and hold significant market capitalization. Stable returns: blue chip stocks have very high reliability regarding stable returns. They may not generate greater returns like mid-cap or small-cap stocks but provide steady growth to the investments. Regular Dividend: Dividends are regular payments that investors receive from a company’s revenue. These regular payments can be made by companies that have already grown and matured and do not need to reinvest much into their growth strategies. Dividend payouts do not describe a blue-chip fund. But it is an important characteristic that attracts many investors to these stocks. Part of the market index: blue chip stocks form a significant part of an extensive market index like the Nifty 50. Low risk: These investments are considered safe as the companies are financially sound and have stable performance. Reasons to Invest in bluechip Companies Stocks Diversification: A portfolio should not be concentrated in any particular sector; it should have proper diversification. While investing in stocks like a small cap or mid cap that generate tremendous or abnormal gains, blue chip stocks reduce the overall portfolio volatility and standard deviation, which further helps optimum diversification. Stable income: No matter the market conditions, blue-chip companies pay regular dividends to their shareholders, which is why it is considered a great investment option for passive income. Best for long-term investments: blue-chip stocks are meant for investors with a long-term investment perspective. This is mainly because these stocks undergo slow but steady growth over time. Usually, investors add blue chip stocks to their portfolio for retirement purposes as the growth is guaranteed but slow. Management: Management is the backbone for the growth of any company. The board of management of blue-chip companies comprises industry leaders with significant experience and is considered an expert in their respective industries. Least effort: Blue chip stocks do not experience volatility or fluctuations, unlike other stocks. Therefore, due to the volatile market movements, you don't have to actively manage or track your blue-chip stock investments. Additional read: What are International funds? Things to consider before investing in bluechip companies' stocks Expensive: Blue-chip stocks trade at very high price levels in the market. They are already well-established stocks. It is challenging to find a blue-chip stock with a low P/E ratio. This can be expensive to invest in for small investors. Low returns: Blue-chip companies have been operating for an extended period of time. They have reached their maximum growth potential. They do not have exponential growth in their share price in the short-term horizon. Slow Growth: Blue-chip stocks do not grow as fast as small-cap or mid-cap stocks. Sometimes, they even generate returns less compared to the benchmark. Due to this, investors need more patience and a longer time horizon while investing in blue-chip stocks. List of top bluechip companies' stocks Some trendy names of blue-chip companies present in every household in India are: - Reliance Industries Ltd. Tata Consultancy Services Ltd. Avenue Supermarts Ltd. (DMart) Hindustan Unilever Ltd. Asian Paints Ltd. Nestle India Ltd. Additional read: What are offshore funds? How to identify bluechip companies' stocks?  There are some parameters that help you identify blue-chip companies. You’ll have to check -  The price-to-earnings ratio (PE) and market capitalization  If, over a period of time, a company has consistent annual revenue   If the debt-to-equity ratio of a company is stable with a sustainable interest coverage ratio, return on equity (RoE), and superior cash flows.   If the company has a clear vision for the future and a consistent growth trajectory  If the company has a significant competitive advantage over its contemporaries  If the company has the potential to outperform the competitors in their markets  If the company has good corporate governance and management setup. Who should invest in blue chip companies' stocks? Blue chip stocks are the best learning way for beginners to start their investment journey. This is the best investment option for investors who do not want to take risky bets but still want their investments to generate good returns. The ideal time horizon to invest in blue-chip stocks is 5-7 years to see the investment grow. This investment is best for investors wanting a passive investment option with limited risk exposure. An alternative When building a portfolio, investing in stocks takes time and research. A cheaper alternative to this is an Index Fund. An Index fund is a basket of securities containing all the stocks in the Index in the same proportion as the Index. It helps you invest in a bunch of securities at once without direct exposure to it. This also saves time and offers optimal diversification to the entire portfolio. FAQs What is a blue chip stock? Blue Chip stocks are considered the best way for “safer investment instruments” in the equity market. Blue-chip companies in India have a market capitalization greater than Rs. 50,000cr. These companies have a record of increasing their topline consistently and improving their operating margins on an upward trajectory. What are some examples of blue chip company stocks in India? Some trendy names of blue-chip companies present in every household in India are: Tata Consultancy Services Ltd. Avenue Supermarts Ltd. (DMart) Hindustan Unilever Ltd. Asian Paints Ltd. Nestle India Ltd. Things to consider before investing in bluechip companies’ stocks Expensive: Blue-chip stocks trade at very high price levels in the market. They are already well-established stocks. It is challenging to find a blue-chip stock with a low P/E ratio. This can be expensive to invest in for small investors. Low returns: Blue-chip companies have been operating for an extended period of time. They have reached their maximum growth potential. They do not have exponential growth in their share price in the short-term horizon. Slow Growth: Blue-chip stocks do not grow as fast as small-cap or mid-cap stocks. Sometimes, they even generate returns less compared to the benchmark. Due to this, investors need more patience and a longer time horizon while investing in blue-chip stocks.

Did you know that only 0.18% of people in India invest in equities? Our parents, grandparents, and grand grandparents have been taught to invest in FDs, real estate, gold, LIC, and PPFs. This tradition of investing in safe assets is hard to break. Ways to educate your parents about the investment scenario in India 1. Tell them about the benefits  The biggest benefit of investing is the opportunity of growing your wealth. Investing in a disciplined manner can help investors grow their savings and reach financial goals. You might not be able to duplicate the net worth and investment of growth of stalwarts like Rakesh Jhunjhunwala but investing small amounts of money in equity-based markets can yield significant returns over the years. It can help your parents build a retirement fund and beat the inflationary prices of general goods and services.   Other benefits of investing in stocks, mutual funds, and ETFs are liquidity (which means you can withdraw your money anytime you want), diversify your wealth (you can invest in a number of stocks that belong to different industries), opportunity to get dividends (some stocks and companies give dividends to their long-term investors) and interests that beat inflation. Another benefit is that you can start with a small sum and scale up after gaining a better understanding. Markets have enough space for small and big investors to meet their financial goals!  2. Spread awareness about Inflation   Inflation has broken the projections given by RBI at the beginning of 2022! It has remained uncomfortably high across the globe and pushing the prices of goods and services to an all-time high. The only way to protect your purchasing power is to start investing and making your money work for you. Consider this, money in your bank account gets an average interest rate of 2-3%, FDs have an interest rate of 5-6% while inflation is raging at the rate of 6-7% in India alone.   Inflation attacks your money in savings and FDs, which is why exploring newer investments is a smart way to beat inflation and protect your money in the long run.     3. Accessibility to investing and tracking   Investing is becoming easier and easier due to the bloom of fintech start-ups and financial influencers in India. The wealth of knowledge about investing, saving, and financial planning can be overwhelming but is a great way to educate a country that has traditionally shied away from investing. There are thousands of apps that help Indians invest in a number of financial instruments. As investors in India, all you need is a PAN card, an Aadhar card, and a banking account to get started on any investment app.   From investing in Mutual funds, and digital gold to US stocks and ETFs, the opportunities are endless! You can track your investment with no brokerage fees, and absolute transparency and get professional guidance from experts on how to start investing based on your financial goals.   However, it's important to be aware of where you are investing your money and to check that the App or platform is SEBI registered. Make sure to take all the precautions and understand the risks that are associated with investing.    4. Encourage them to secure their savings   While money in your bank account or FD is safe, it is not enough to keep up with the growing prices. The cost of products like oil, vegetables, transport, and education is growing at a higher rate than the average income across India. To bridge the gap, you can start exploring the investment market and diversify your funds. The market has enough opportunities for risk-averse investors, retired individuals, and newcomers! With proper guidance and an abundance of information, you can protect your savings via investing.   These are some ways to educate your parents about the investment scenario in India. Over the years, millions of Indians have entered the investment market of India. You and your parents could also benefit from the market if you start investing properly and in a disciplined manner. Don’t start randomly, study the market, do your research, and consult a professional to minimize risks and protect your savings!  FAQs What are some of the most preferred investment options in India? Gold, Real Estate, and Fixed deposits are the three most preferred investment options in India. How much does an average Indian invest? The average India invests nearly INR 5000 monthly according to a survey by AMFI. At what age can Indians start investing? Indians can start investing by the age of 18 years.

College costs, University fees, and related expenditures are fast growing worldwide, and education costs in Dubai will be no exception. Indeed, the UAE has been one of the world's top five most expensive university pricing areas. Because of inflation, the cost of your child's education in the future may be substantially higher than the cost of education now. Regardless of mounting academic expenditures, as a parent, you would want to create the best educational opportunities for your child to help them lead a successful life. So, what are your plans to ensure that you are making efforts to save adequate funds for their further education while still preparing for retirement and personal needs? Ways to fund your child's masters in Dubai 1. Approach a Financial Advisor A financial advisor helps clients with how, where, and when to invest. They may guide you to find a comprehensive financial plan or specific investment vehicles to reach a significant financial goal. You can get assistance from a skilled financial expert on the below aspects: Make a list of your life's goals, priorities, and fundamental economic beliefs. Set financial objectives. Set priorities and allocate suitable amounts of surplus revenue to specific purposes. Choose appropriate investment schemes to assist you in meeting your goals. Financial advisors from EduFund help Indian parents plan for their children's future. They help parents choose the right savings plans that suit their child’s educational aspirations. You may use the EduFund app to plan and save for your child’s school (short-term goal) and college expenses (long-term goal).  You may also modify your goals to your individual needs. Parents can use the app to save for their child’s education by investing in mutual funds and US stocks. The app also has a unique college cost calculator that tells parents the future costs of college and helps them plan and save early towards it. 2. Begin early savings The most straightforward method to afford your children's educational aspirations is to begin early; the sooner you start, the better!  You must begin saving as soon as your child is born; if you've not already started to save, now would be the apt time to focus on your savings. Even small monthly savings add up to a significant amount over time. You may begin with as little as Rs 5000 each month, which can aggregate and develop to about Rs 10,00,000 in 18 years if your investment grows at 7.00% per annum. Compound interest has more time to work when the horizon is longer. 3. Make your money speak for you Deposit account rates have always been lower than the current inflation rate. Furthermore, education inflation is much higher than household inflation; thus, it is critical to invest in assets that offer better returns. Mutual funds are an excellent solution for combating inflation and reducing the risk. A well-diversified selection of international mutual funds should allow you to accomplish your investment objectives with little effort. Mutual funds are generally regarded as a secure investment that enables the client to grow their savings with little risk.  A mutual fund invests in several assets; even if one of the sectors or assets performs badly, the overall investment is not affected by that.  4. Maintain your commitment Investing is a tedious process, but it is ultimately profitable. Honoring your commitment throughout the investing period is critical to the success of your kid’s savings plan. There will be times when appealing investment prospects will entice you, or market volatility will reduce your investment value; do not be distracted and stick to your commitment. Markets will be unpredictable in the short and medium term, but they will reward you with significant profits in the long run. Remember that the goal of this investment is to save for your child's higher education. Additional read: How to plan child's master's in the UK College costs vs. earnings College prices in US regions have risen by 169% since 1980, while incomes for employees aged 22 to 27 have increased by 19%. The average cost of an overseas education ranges from $27,330 for government in-state university graduates to $55,800 for privately funded university students. Tuition expenses, accommodation, grants for books and classroom supplies, transportation, and other incidental expenses are all included in college costs. Tuition costs for an entire year at universities in the UAE can range from US $13,000 to $35,000 for international students. The costs for some specialized courses may be expensive as well. Most colleges in the UAE charge an application fee of around $55. Dubai University Fee as on 2022 (Fees Structure In AED) Conclusion It is important to invest early to meet the education expenses of your child. Understanding the present financial situation and developing a workable budget strategy is critical. Hence, it is crucial for parents to set aside some money each month to save for their child’s education in the long term. FAQs Should you invest in your child's education? Yes, it is important to invest in your child's education as the cost of studying across the globe is increasing. It takes Rs. 30 lakhs to raise a kid in India before they even enter college. Universities' costs are rising high can be over 1 crore as well. What are the best investment options to save for your child's education? Some of the best options are Mutual Funds. A mutual fund is a great long-term investment option that is extremely affordable and cost-effective. Parents have to start with just 3000 monthly and save up to 15 lakhs by the time their child is off to university. Why is the general cost of studying master's in Dubai? The cost of studying master's in Dubai depends on your program and university. It starts with AED 30,000 and can go up to AED 100,000!

Both life and wallet will never be the same once you decide to have a baby. No event in your life will signify financial change quite the way this one does, from the first prenatal appointment to the day of college graduation (and beyond). 5 financial things to consider before child planning 1. Create a budget Before you start child planning, you need to have a budget in place. You and your partner may need to create a realistic budget based on your expenses and your streams of income. Once you know how much you can afford to spend, you will be able to tackle the costs easily. A new child is a new family member that needs space! So if you need extra space once the baby is born, figure out what kind of home you can afford, whether it's a slightly larger apartment, a warm cottage, or a pricey house. Will you want the latest baby things or your sister’s passed-on ones? Think about what sort of child care would you require and get candid with your expenses before you start making any purchases. Money Management Tips for Homemakers Read More 2. Costs associated with birth As new parents, you need prenatal vitamins, alternative therapies, labor and delivery alternatives, and screening tests. Give yourself enough time to change or upgrade insurance plans should you need more comprehensive coverage. Good health insurance is vital in this economy. Hospital bills, medical fees, and maternity costs can be high. According to estimates from the industry, a straightforward delivery could cost between Rs 50,000 and Rs 70,000, but a private specialty hospital could charge up to Rs 2-3 lakh. A cesarean delivery could result in a cost rise of up to Rs 4-5 lakh. Before having a kid, you should make financial arrangements for the costs associated with the delivery and child care. 3. Consider maternity leave The vast majority of Indian employees are not entitled to paid family leave. If the mother is employed, you might need to think about taking a lengthier (unpaid) maternity leave or a sabbatical for a year or two. This can be a huge financial loss for families that rely on both streams of income. Paid parental leave is not always an option. Find out if your workplace offers paid leave for new parents and if there are any policies in your favor that you can utilize. Determine the number of weeks covered and the proportion of your salary that is used. Do you have to use your sick and vacation days first? If you don't have access to paid time off or you're going to take more unpaid time off, you might want to cut costs or rely on your savings. 4. Purchase life and health insurance You'll want your child to be stable financially if something were to happen to you or your partner. A life insurance policy can assist in paying for things like child care, housekeeping, cooking, and more. Purchasing maternity insurance is the first action you can take to cover maternity costs. When purchasing health insurance, (even for a couple), it is important to confirm that the policy includes coverage for maternity costs and, if applicable, any applicable waiting periods. Additionally, by paying a larger rate, you might add pregnancy coverage to a current insurance policy. Buying health insurance is most important when considering having a child. Get your health covered in your plan so that you are not financially burdened in case of a health emergency. 5. Plan for the child’s education Just like the prices of lemons and oranges are growing, the cost of education is skyrocketing. Saving for your child’s college is a necessity. When it comes to saving money for college, time and compound interest are your best friends. Even while inflation is an unavoidable fact, keep in mind that education inflation is far higher. Utilizing the force of compounding is one approach to combat this, but it will only be effective if you have a long-term strategy in place. You indeed have no idea what career path your child will take, but you still need to put aside a portion of capital that can be utilized when the time comes. Right now, you need to think about the type of education you would like to offer because the practical costs of studying engineering in India vs. the US would be very different. From giving birth to seeing them off to college, watching your child grow and thrive is every parent’s dream! So give those dreams wings by planning ahead and investing for their bright future!  TALK TO AN EXPERT

There are multiple ways to accumulate wealth through investing in a mutual fund. Here's all you need about the Lumpsum vs SIP vs Step-up SIP, to make the right investing decisions discuss some conventional and modern methods of financing. 1. Lumpsum  One of the most popular and oldest ways of investing in mutual funds is making a lump sum investment. It is a one-time bulk investment in a mutual fund. The time of entering the market is crucial in lumpsum investment. It can give you good returns when the market is in a bull run but may not provide returns in a bear run. No one knows exactly when a bull market is ending, and a bear market is starting. The investments' entry and exit are crucial, depending on market conditions. 2. SIP A SIP or a Systematic Investment Plan, involves a fixed amount going towards a mutual fund; on a daily, weekly, monthly, quarterly, half-yearly, or annual basis. A SIP is the most common way of investing in a mutual fund. There are multiple benefits of investing through a SIP. The minimum amount required can be as low as ₹100/month, and the rupee averaging cost and the power of compounding helps to develop financial discipline. You don't need to track the market daily. 3. Step-up SIP Step-up SIP is the lesser-known way of investing in a mutual fund. With this way of investing, SIP can be increased on a half-yearly and yearly basis. As in percentage or numbers of the current SIP. This option of funding can be chosen for multiple reasons you're starting early in your career, have a low budget, cannot save much in the initial phase, or want to check how SIP works. Let's understand all three ways with the help of an example Let's say you want to save for your child's higher education, who is just born. So, ideally, you have 16 years to invest until your child reaches that age; by then, the cost of graduation would be around ₹10,00,000. You will make an investment in the BSE Sensex Index to take advantage of the growth of the entire index. Now, let's understand which could be the ideal way to save for your child's future as per your budget. ParticularsLumpsumSIPStep-Up SIPNo. of Years161616Target Amount₹ 10,00,000₹ 10,00,000₹ 10,00,000Initial Investment₹ 1,70,000₹ 1,900₹ 1,000Total Invested Amount₹ 1,70,000₹ 3,64,800₹ 4,31,397Accumulated Amount₹ 10,16,330₹ 10,19,286₹ 10,07,229Note: Period understudy is between Jan’06-Dec’21. The step-up amount is considered 10% annually. Source: EduFund Research Team Note: The period understudy is between Jan’06 - and Dec’21.Source: EduFund Research Team Note: The period understudy is between Jan’06 - and Dec’21.Source: EduFund Research Team Which is better? In all the scenarios, an investor has made the wealth or the corpus needed for his child's higher education. The amount invested is different for different modes of financing. You can figure out which could suit you the best from the above table. Suppose you don't have a sufficient bulk amount to achieve the target corpus. Then, you can consider investing through the SIP route, which requires a monthly SIP of ₹1,900 over the period. But even if you cannot afford to invest ₹1900/ month. The last option that you can consider is Step-up SIP which requires less amount at the initial phase of the investment, but by the end of the journey, the amount of SIP can go up to ₹4,200/month. Choosing multiple options can help you to maximize your returns. Income, investing objectives, financial stability, and risk are some factors to consider when choosing the option of investment. One should consider the risk involved when choosing any way of investing. Over time, wealth accumulates with the power of compounding acting upon the increasing investment base. It's not a one or two-year play. The best way of investing in a mutual fund is SIP which will not hurt your pocket, minimize the risk, reduce the volatility, and create wealth. FAQs Which kind of SIP gives the highest returns? As of Feb'23, Quant Tax Plan- Direct-Growth Fund is a SIP plan offering the highest 5-year returns investing in precious metals, consumer staples, financial, and energy. Is a one-time investment better than SIP? One-time investment or lump sum fluctuates as the market moves. SIP, on the other hand, averages the cost of units. So, which option is better depends on the individual investor. You can choose an option based on your investment objective. What's step-up SIP? This is a different and lesser-known way of investing where you can increase your SIP amount on a yearly or half-yearly basis.

When you are looking to invest in mutual funds, there is another detail that you need to consider. There are two options that are given to you by the mutual fund – The growth option and the dividend option. Consider an ABC fund that invests in Large-cap funds. When the fund earns profits (when funds’ holdings i.e., the stocks or bonds it has invested into have price appreciation, when those stocks distribute dividends, or when the selling of stocks or bonds provides returns) in the process, it can either distribute it to its investors or it can invest back these gains into the fund.  The growth option In this option, the profits are added back to the investment corpus of the fund (the number of units held remains constant). NAV = Funds Assets - Funds Liabilities / Total Number of Shares The NAV of the fund increases, as the fund's assets, increase with accumulated profits. For example: Consider the ABC fund with a NAV of Rs 100. After a year, if the fund has achieved a profit of 20 per share and if it has not distributed it to its investors, the NAV would be Rs 120. If you had 10 shares of this fund, on selling it after one year you would receive 120*10= Rs 1200. Your cost price was 100*10= Rs 1000. Hence, your gains would be 1200 – 1000 = Rs 200. The dividend option (Dividend payout option) In this option, the fund’s profits are not accumulated or reinvested into the fund. They are distributed to the investors. The gains are distributed either annually or quarterly, and only when the fund makes profits. The fund manager decides the frequency and the number of dividends. Once the dividend is paid out, the NAV of the fund decreases (it always does not decrease by the exact dividend amount as there are other factors that impact the NAV). The number of units held remains constant. For example: If the ABC fund has a NAV of Rs 30. If as an investor, you own 1000 shares of the same - if the fund declares a dividend of Rs 3, you would receive 3*1000 = Rs 3000 as a payout. The NAV of the fund would also decrease to NAV - Dividend. Rs 30 – 3 = Rs 27. Dividend reinvestment In this option, the dividends are declared, but the investors do not receive a cash payout. They are paid in “kind” or with the shares of the fund itself. Hence, as an investor, you would have more shares of the fund. For Example Dividend ReinvestmentRemarksNAV of fund20Initial StageNumber of units held100Dividend Declared2As declared by the Fund managerNAV after dividend Declaration18For the fundDividend Receivable (not paid out)200Investor's EntitlementAdditional Units of Funds that can be purchased with the Dividend                  11.11 Dividend Receivable/New NAVThe final number of units                111.11 Initial + Additional Which fund should you be investing in? There is no one-size-fits-all rule that we can follow. It depends on the investor and his or her requirements. If you would like to receive payments from the fund to fund your expenses, opting for a dividend payout plan would be ideal for you. However, if you are a long-term investor who wants to lock in the funds, and wait to reap the returns, you can opt for the Growth option where the profits are accumulated. In the long run, the Growth option provides a higher return than the dividend option and could be a faster way for wealth accumulation. You can find all the mutual fund options mentioned above on EduFund, a secure platform to invest in the biggest mutual funds in the country.  Things to Look forGrowth OptionDividend PayoutDividend ReinvestmentDividend DeclarationNoYesYesImpact on NAVIncreasesDecreasesDecreasesDividend in your hands (Bank account)NoYesNoUnits heldNo changeNo changeIncreases FAQs Which is better dividend or growth fund? Dividend option for mutual fund is good for investors looking for liquidity. While growth fund is for those who are focused primarily on growth and wish to stay invested for a while. Which option is good growth or IDCW in mutual fund? IDCW is a good option for investors looking for liquidity and growth is a good option for investors looking for wealth generation. How much MF dividend is tax free? If the dividend amount generated from mutual funds is less than Rs. 10 lakh, then investors do not have to pay taxes. If the amount exceeds this limit, the investor has to pay 10% of the total earnings as tax during a particular year. What is disadvantage of growth fund? The biggest disadvantage of growth fund is that they are highly volatile and may fall dramatically. Consult an expert advisor to get the right plan TALK TO AN EXPERT DisclaimerNAVs in the article are only indicative and not exact measures. They are only for representation of the direction of adjustments.

Headquartered in Seoul, South Korea, Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, Mirae Asset Global Investments, began its operation in 1997 and has expanded its business globally in a relatively brief period. Mirae Asset Global Investments is a diversified asset manager providing innovative solutions worldwide to help investors achieve their goals in a transforming world. Originating in the backdrop of the Asian currency crisis, Mirae Asset began cautiously, and they focused more on the Korean market initially. Founded by the visionary Hyeon Joo Park, Mirae Asset became the first AMC to present mutual funds to retail investors in 1998.  After consolidating its presence in the South Korean market, Mirae Asset quickly moved to capture the global market. They first established their corporate office in Hong Kong in 2003.  In 2005, they launched the first overseas investment in South Korea, the Mirae Asset Retirement Pension Fund. Two years later, they started their business in India and the UK. The following year they expanded to the USA and Brazil while winning accolades for being the largest investor in the emerging Asian markets. Comparatively, in a short time, they have reached several landmarks.  The Indian wing of the AMC, Mirae Asset Global Investments (India) Ltd, was launched in November 2007, becoming only their second overseas branch after Hong Kong. Though Mirae Asset has been present in the Indian market since 2004, as a foreign institutional investor, they began the domestic business only in 2008. Their growth is based on solid principles and philosophies. They consider open communication with their clients has been helping them stay ahead of the competition while ensuring that they keep the faith granted to them safe. They take responsibility for the client’s future as the core of their values, and this influences the dealings that help them hold on to the client’s trust. At Mirae, investment and growth go hand in hand, which is why they continue to innovate, and envision building a healthier and happier society. Mirae Asset Global Investments, as a global asset manager, has been delivering innovative investment solutions. Mirae Asset Global Investments was founded in Asia and now has a presence in 15 countries, where they take a collaborative approach to managing a fully diversified investment platform. They have 40-plus offices worldwide, and it is the 18th largest Global ETF Manager by AUM. They have clients in 36 countries, and 1,717 products are distributed globally. Since its first fund launch in 1998, they have diversified its lineup by building its global investment network and capabilities. The fund house has 554 USD billion (As of December 31, 2020) total Asset Under Management (AUM). Mirae believes in sustainable investing, which is an investment discipline that aims at considering environmental, social and corporate governance (ESG) criteria to generate a long-term competitive financial return and positive societal impact. The umbrella of sustainable investing covers socially responsible investing, impact investing and ESG Investing.  Powered by a unique perspective and the expertise of their global investment professionals, they adapt to their client's changing needs and deliver fresh solutions across asset classes, providing investors with insightful ways to create portfolios and achieve their investment objectives. They currently invest over $554bn (AUM as of December 31, 2020) on behalf of clients, and this provides them with the scale and expertise to identify opportunities in an evolving world. Mirae Asset global investment in India Mirae Asset India started its journey in India with the establishment of an Asset Management business with a seed capital of USD 50 Mn. It is now recognised as one of the fastest-growing AMCs in India, actively managing/advising on USD 9,269 AUM for its clients (December 31, 2020).  Mirae Asset Global Investments (India) Private Limited (MAGI India) has transferred its asset management business to its wholly-owned subsidiary, Mirae Asset Investment Managers (India) Private Limited (Mirae AMC), as part of an internal restructuring of its business with effect from January 1, 2020.  Accordingly, MAGI India ceased to act as the Asset Management Company (AMC) of Mirae Asset Mutual Fund (MAMF), and Mirae AMC is the AMC of MAMF effective January 1, 2020. Mirae Asset in India has over 21 branches, and the Asset under Management is INR 70,900 Cr with 32 lakh portfolios and a monthly SIP Book of INR574 Cr as of 28th February 2021. Currently, Mirae Asset Mutual Fund is managing 24 Domestic Funds and Advisory of 3 Offshore Funds (11 Equity, 8 Debt, 2 Hybrid, 3 ETF) Mirae Asset Capital Markets (India) Pvt Ltd. with USD 300 Mn seed capital, was established in 2018. Mirae Asset Venture Capital has invested USD 104 Mn in growing Indian start-ups. They have invested USD 41Mn Dedicated Fund in Alternate Investment Fund. Mirae AMC offers 9 Equity funds across diverse market caps and themes in India.  They include Mirae Asset Banking & Financial Services Fund, Mirae Asset Arbitrage Fund, Mirae Asset Midcap Fund, Mirae Asset Focused Fun, Mirae Asset Healthcare Fund, Mirae Asset Tax Saver Fund (ELSS), Mirae Asset Great Consumer Fund, Mirae Asset  Emerging Bluechip Fund, and Mirae Asset Large Cap Fund.  Equity funds endeavour to provide the potential for high growth and returns. They are best suited for investors with a long-term investment horizon. The fund house offers 8 debt funds in India with an AUM of INR 5,602 Cr (as of December 2020). Their debt funds include  Mirae Asset Ultra-short duration fund, Mirae Asset Banking and PSU Debt Fund, Mirae Asset Overnight fund, Mirae Asset Fixed Maturity Plan Series III, Mirae Asset Short Term Fund, Mirae Asset Dynamic Bond Fund and Mirae Asset Savings Fund.  Fixed Income or Debt Funds endeavour to provide the potential for stable and regular returns. They are best suited for investors with a short to the medium-term investment horizon. The fund house offers 2 hybrid funds and 2 FoFs in India with a total AUM of INR 4,273 Cr (as of Dec 2020). The funds include the Mirae Asset ESG Leader Fund Fund, Mirae Asset Equity allocator Fund, Mirae Asset Equity Savings Fund, and Mirae Asset Hybrid Equity Fund.  Hybrid funds invest across two or more asset classes (usually a mix of stocks and bonds). These funds aspire to strike a balance between risk and returns by aiming to generate income in the short run and achieve wealth appreciation in the long run. The fund house has made global ETF footprints in 9 countries with 391 ETFs and an AUM of 54 billion US dollars (Dec 2020.). Based on their deep understanding of the ETF market and global stance, they have been focusing on growing the India ETF market. In India, their ETF has an AUM of INR 469 Cr as of Dec 2020. An Exchange Traded Fund (ETF) is a fund that trades on an exchange, just like a stock and replicates the portfolio and performance of a publically available index. ETFs, offer low-expense investment solutions. Private Equity: Based on their strong inbound deal inflow, the Indian startup ecosystem took strong notice of Mirae Asset, a significant player in VC investments. They have a total of 149 USD million as of Dec 2020.  The latest news is that around six mutual fund houses are seeking SEBI’s permission to offer nine international schemes, and Mirae Asset Mutual Fund is one among them. Mirae Asset Mutual Fund plans to launch:  Mirae Asset Global NextGen Tech Fund of Fund: An open-ended fund of fund scheme predominantly investing in equity exchange-traded funds listed in the US.Benchmark: NASDAQ 100 Total Return Index Mirae Asset US FANG Plus ETF: An open-ended scheme replicating/tracking NYSE FANG+ Total Return Index. Benchmark: NYSE FANG+ Total Return Index For many, it makes sense to invest in stocks of a country where they may be looking at emigrating or sending their child for further studies. Such investments will help cover them from currency fluctuations. It also offers diversification, which is suited for large portfolios. Most advisors also suggest that investors should stick to developed markets like the US for geographic diversification unless the investor had an advisor to guide them. (source: livemint.com) Important information about Mirae Asset Mutual Fund Name of the AMCMirae Asset Investment Managers (India) Private LimitedIncorporation Date30 November 2007SponsorsMirae Asset Global Investments Co. LtdTrusteeMirae Asset Trustee Company Pvt. Ltd.Trustees' NameDr Manoj Vaish- Independent Director Dr Barendra Kumar Bhoi -Independent Director CA.Uttam Prakash Agarwal- Independent Director Mr K Ramasubramanian -Independent Director (Associate)MD/CEOMr Swarup Anand MohantyCIOMr Mahendra Kumar JajooCompliance OfficerMr Ritesh PatelInvestor Service OfficerMr Neelesh SuranaRegistrar and Transfer agentKFIN Technologies Private Limited Unit: Mirae Asset Investment Managers (India) Private Limited (ISIN INF769K01CP4) Karvy Plaza, H. No. 8-2-596, Avenue 4, Street No. 1, Banjara Hills, Hyderabad - 500 034 Andhra Pradesh Phone:(040) 23312454/ 23320751/ 23320752 Fax   (040) 23311968 Email: customercare@karvy.com E-mail: MIRAEMF.customercare@kfintech.comToll-free Number 1800-2090-777Email Addresscustomercare@miraeasset.comRegistered AddressMirae Asset Investment Managers (India) Private Limited. Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina,  Santacruz (East), Mumbai - 400 098. Email: customercare@miraeasset.co.in Website: www.miraeassetmf.co.in Ph: 91 - 022 - 6780 0300 Ten top-performing Mirae Asset Mutual fund schemes Mirae Asset Hybrid - Equity Fund (Category Hybrid: Aggressive) Mirae Asset Cash Management Fund (Category - Debt: Liquid) Mirae Asset Emerging Bluechip Fund (Category - Equity: Large & Midcap) Mirae Asset Tax Saver Fund (Category - Equity: ELSS) Mirae Asset Large Cap Fund (Category - Equity: Large Cap) Mirae Asset Great Consumer Fund (Category - Equity: Sectoral/Thematic) Mirae Asset Dynamic Bond Fund (Category - Debt: Dynamic) Mirae Asset Equity Savings Fund (Category - Hybrid: Equity Savings) Mirae Asset Focused Fund (Category – Equity: Multicap) Mirae Asset Short Term Fund (Category - Debt: Short Term) 1. Mirae Asset Hybrid - Equity Fund (Category Hybrid: Aggressive) This is an open-ended hybrid scheme investing predominantly in equity and equity-related instruments. The recommended investment horizon for this fund is 3+ years. The investment is done in a portfolio mix of equity and fixed-income instruments. This scheme is suitable for those looking for wealth creation. Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 1000Entry LoadNil Exit LoadIf redeemed within 1 year (365 days) from the date of allotment: 1%. If redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception15.49 % (Growth) (Date of Inception: 29th July 2015).NAVINR  18.504  (April 22, 2021) (Regular Growth) INR 20.372 (April 22, 2021)  (Direct-Growth)AUMINR 4,829 Cr (As on March 31, 2021) 2. Mirae Asset Cash Management Fund (Category - Debt: Liquid) This is an open-ended liquid scheme that invests predominantly in the money market and debt instruments. This fund provides minimal interest rate risk and looks to maintain high portfolio liquidity. The scheme looks to give stable returns with minimal mark to market and credit risk. Investors can invest from one day to six months in this scheme and the fund is predominantly in the money market and debt instruments. This is ideal for investors who want to invest for a very short term and are looking for an alternative to bank accounts/deposits. Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 5000Entry LoadNil Exit LoadExit load of 0.0070% if redeemed within 1 day; 0.0065% if redeemed within 2 days; 0.0060% if redeemed within 3 days; 0.0055% if redeemed within 4 days; 0.0050% if redeemed within 5 days; 0.0045% if redeemed within 6 days.Return Since Inception15.49 % (Growth) (Date of Inception: 12th January 2009).NAVINR  2,147.9966 (April 22, 2021) (Regular Growth) INR 2,175.7905 (April 22, 2021)  (Direct-Growth)AUMINR 3,462 Cr (As on March 31, 2021) 3. Mirae Asset Emerging Bluechip Fund (Category - Equity: Large & Midcap) This is an open-ended equity scheme investing in both large-cap and mid-cap stocks. Investors who are looking to invest for over 3 years and looking for high returns can invest in this fund. Investors should also be ready for the possibility of moderate losses in their investments. The fund invests at least 35% in large-cap stocks and at least 35% in midcap stocks to provide long-term capital appreciation. This fund is suitable for those looking for wealth creation.  Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 5000Entry LoadNil Exit Load1% for redemption within 365 daysReturn Since Inception    20.87% (Regular) (Date of Inception: 9th July 2010). 23.89% (Direct) (Date of Inception:01-Jan-2013)NAVINR  77.374 (April 22, 2021) (Regular Growth) INR 83.586 (April 22, 2021)  (Direct-Growth)AUMINR 16,190 Cr (As on March 31, 2021) 4. Mirae Asset Tax Saver Fund (Category - Equity: ELSS) This is an open-ended equity-linked saving scheme with a statutory lock-in of 3 years and tax benefit. Investors who are looking to invest for over 3 years can opt for this fund. The scheme invests predominantly in equity and equity-related instruments with a 3-year lock-in providing tax benefit and growth of capital. This fund is suitable for those investors looking for wealth creation and tax savings. Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 500Minimum SIP InvestmentINR 500Entry LoadNil Exit Load1% for redemption within 365 daysIf redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception    21.8 (Direct) (Date of Inception: 28th December 2015)NAVINR  24.97 (April 23, 2021) (Regular Growth) INR 26.978 (April 23, 2021)  (Direct Growth)AUMINR 6934 Cr (As on March 31, 2021) 5. Mirae Asset Large Cap Fund (Category - Equity: Large Cap) This is an open-ended equity scheme predominantly investing across large-cap stocks. Investors who are looking to invest for over 3 years can opt for this fund. The scheme invests predominantly in large-cap stocks (top 100 companies by market capitalization). This fund is suitable for those who are looking to invest money for at least 3 plus years and looking for high returns. Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 1000Entry LoadNil Exit Load1% for redemption within 365 daysIf redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception  15.27% ( Regular-Growth) (Date of Inception: 4th April 2008)NAVINR  63.979 (April 23, 2021) (Regular Growth) INR 69.091 (April 23, 2021)  (Direct Growth)AUMINR 23762.37 Cr (As on Feb 28, 2021) 6. Mirae Asset Great Consumer Fund (Category - Equity: Sectoral/Thematic) This is an open-ended equity scheme following the consumption theme. Investors who are looking to invest for over 5 years can opt for this fund. The fund invests in companies benefiting directly or indirectly from consumption-led demand. Investors who have advanced knowledge of macro trends and prefer to take selective bets for higher returns compared to other Equity funds are keen to invest in this type of fund. This is a suitable investment for wealth creation. Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 1000Entry LoadNil Exit Load1% for redemption within 365 daysIf redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception  15.79% ( Regular-Growth) (Date of Inception: 29th March 2011)NAVINR  43.811 (April 23, 2021) (Regular Growth) INR 49.007 (April 23, 2021)  (Direct Growth)AUMINR 1,174Cr (As on March 31, 2021) 7. Mirae Asset Dynamic Bond Fund (Category - Debt: Dynamic) This is an open-ended dynamic debt scheme investing across duration. Investors who want to invest money for 3 or more years and a longer duration can select this. This scheme is considered less risky compared to equity funds. The fund invests across money market instruments and debt securities including government bonds.  Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 1000Entry LoadNil Exit Load1% for redemption within 365 daysIf redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception  7.06% ( Regular-Growth) (Date of Inception: 24th March, 2017)NAVINR 13.2162 (April 23, 2021) (Regular Growth) INR 13.9008 (April 23, 2021)  (Direct-Growth)AUMINR 148Cr (As on March 31, 2021) 8. Mirae Asset Equity Savings Fund (Category - Hybrid: Equity Savings) This is an open-ended scheme investing in equity, arbitrage and debt. Investors who want to invest money for 1 to 3 years can choose this scheme. The fund invests in a mix of equity, arbitrage and debt instruments and is suitable for income generation.  Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 1000Entry LoadNil Exit Load1% for redemption within 365 daysIf redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception12.04% ( Regular-Growth) (Date of Inception: 18th December 2018) 13.29% ( Direct-Growth) (Date of Inception: 18th December 2018)NAVINR 13.06 (April 23, 2021) (Regular Growth) INR 13.405 (April 23, 2021)  (Direct-Growth)AUMINR 206 Cr (As on March 31, 2021) 9. Mirae Asset Focused Fund (Category – Equity: Multicap) This is an open-ended equity scheme investing in a maximum of 30 stocks intending to focus on large-cap, mid-cap and small-cap categories (i.e., multi-cap). Investors who have advanced knowledge of macro trends and look for higher returns compared to other equity funds, often choose this. The investment horizon is 5+ years and the fund invests across market caps- large-cap, mid-cap and small-cap and across sectors and themes (maximum 30 stocks). This fund is suitable for wealth creation. Key Information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 1000Entry LoadNil Exit Load1% for redemption within 365 daysIf redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception25.01% ( Regular-Growth) (Date of Inception: 15-May-2019) 27.07% ( Direct-Growth) (Date of Inception: 15-May-2019)NAVINR 15.427 (April 23, 2021) (Regular Growth) INR 15.925 (April 23, 2021)  (Direct-Growth)AUMINR 5,472  Cr (As on March 31, 2021) 10. Mirae Asset Short-Term Fund (Category - Debt: Short Term) This is an open-ended short-term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years. Investors who want to invest for 1-3 years and are looking for an alternative to bank deposits can choose this fund. The recommended investment horizon is 1-3 years and the fund invests in debt instruments and money market instruments with a short maturity. This investment is suitable for income generation. Key information Minimum InvestmentINR 5000    Minimum Additional Investment INR 1000Minimum SIP InvestmentINR 1000Entry LoadNil Exit Load1% for redemption within 365 daysIf redeemed after 1 year (365 days) from the date of allotment: NILReturn Since Inception7.33% ( Regular-Growth) (Date of Inception: 16th March 2018) 8.17% ( Direct-Growth) (Date of Inception: 16th March, 2018)NAVINR 12.4572 (April 23, 2021) (Regular Growth) INR 12.7623 (April 23, 2021)  (Direct-Growth)AUMINR 785 Cr (As on March 31, 2021) How can you invest in Mirae Asset Mutual Fund via EduFund? Investing in Mirae Asset Mutual Fund via Edufund is a simple, four-step process.  Step 1 - Download the EduFund App from Google Play Store or Apple App Store and create an online account. Step 2 - Select a Scheme - Browse a wide range of Mirae Asset Mutual Fund schemes and choose the right scheme suiting your financial goals. You may invest in a Systematic Investment Plan (SIP) or a lump sum. The inbuilt recommendation engine suggests the best scheme for your financial objectives. Step 3 - View and Track Your Transaction(s) - The amount you have invested will reflect in your EduFund account within four working days. You can track the Mirae Asset Mutual Fund NAV, account balance, statement, and other information in the app. Alternatively, you can purchase, redeem, or switch Mirae Asset Mutual Fund units. Step 4 - Speak with a Mutual Fund Counsellor - You can connect with a mutual fund consultant to share your goals and get personalised advice.  EduFund uses top-class authentication and encryption technologies to ensure bank-like secured transactions and safeguard your investments.   7 best performing fund managers at Mirae Asset Mutual Fund It is the fund managers who play a prominent role in driving value and generating growth for the investors' money. The following are the seven best-performing fund managers in Mirae AMC whose funds have consistently churned out the best returns.  1. Mr Neelesh Surana - Chief Investment Officer Mr Neelesh brings with him about 24 years of professional experience in financial services, including fund management. He supervises and manages Equity schemes. Prior to this assignment, Neelesh was associated with ASK Investment Managers Pvt Ltd as a Senior Portfolio Manager, where he was managing domestic and offshore portfolios. He manages an AUM of INR 22,136 Cr and 5 schemes 2. Mr Gaurav Misra- Sr Fund Manager-Equity Mr Gaurav Misra has over 23 years of experience in investment management and equity research functions. Prior to this role, he worked as Senior Portfolio Manager with ASK Investment Managers Limited. He has an AUM of INR 28,532 and handles 6 schemes. 3. Mr Harshad Borawake- Head of research and Associate fund manager Mr Borawake's professional experience spans more than 14 years, and his primary responsibility includes Investment Analysis & Research. Prior to this assignment, he was associated with Motilal Oswal Securities as Vice President (Research). He has also been associated with Capmetrics & Risk Solutions as Research Analyst - Equity. His AUM is INR 28,739 Cr, and he manages 9 schemes. 4. Mr Ankit Jain- Fund Manager Mr Jain's professional experience comprises more than 7 years, and his primary responsibility includes Investment Analysis & Fund Management. He has been associated with the AMC as a Research Analyst since September 7, 2015. He was previously associated with Equirus Securities Pvt Ltd and Infosys Ltd. An AUM of INR 20,904 is under him and handles 9 schemes. 5. Mr Vrijesh Kasera - Fund Manager Mr Kasera brings with him professional experience covering more than 10 years. His primary responsibility includes Investment Analysis & Research. Prior to this assignment, he was associated with Axis Capital Ltd., as an Equity Research Analyst. He has also been associated with Edelweiss Broking Ltd. He has an AUM of INR 6,117 and handles 6 schemes. 6. Ms Bharti Sawant - Fund Manager Ms Sawant is an M.S. in Finance (ICFAI Hyderabad), CFA and B.Com. Prior to joining Mirae AMC in September 2013, she was associated with Sushil Finance Securities Pvt. Ltd., Latin Manharlal Securities Pvt. Ltd., and Kabu Shares and Stocking Pvt. Ltd. for Financial Analysis and Research. She manages an AUM of INR 278 Cr and handles 3 schemes. 7. Mr Gaurav Kochar - Fund Manager Mr Kochar has over 6 years of experience as a Research Analyst and Internal Auditor. Before this assignment, Mr Kochar was associated with Ambit Capital and Kotak Mahindra Bank. Why invest in Mirae Asset Mutual Fund?  Mirae Asset Mutual Fund is one of the fastest-growing asset management companies in India. The fund house aims to provide innovative investment solutions to its investors to help achieve their long-term objectives. Powered by unwavering philosophies and global expertise, Mirae Asset Mutual Fund offers advanced and original solutions across asset classes. Whatever a client’s investment needs are, Mirae Asset Mutual Fund has a fund for the investor. Clients can choose long-term or short-term from various equity-oriented or debt-oriented funds. They have a mutual fund to suit every investor's needs. Mirae Asset Mutual Fund offers a diverse range of schemes across various segments like equity funds, debt funds, balanced funds, equity-linked savings schemes (ELSS), etc., to cater to every investor's needs. In the Equity space, they have built our expertise in fundamental bottom-up analysis over the years to identify companies with sustainable competitiveness in their respective markets. This process is differentiated and further enhanced by having on-the-ground research and investment teams in key markets globally. Their unique approach to fixed income offers a wide array of products on a country, regional and global level. Their broad product base not only leverages their on-the-ground teams of fixed-income PMs and analysts but their internally developed IT platform. Their suite employs various solutions, including proprietary quantitative strategies. The fund house aims to maximise long-term growth through income and capital appreciation by investing in income-producing securities. Select EduFund for investing in Mirae Asset Mutual Fund EduFund makes the process of investing in Mirae Asset Mutual Fund convenient. EduFund's experienced consultants give you customised solutions for all your financial goals. You can start investing from a lowly INR 5,000 and grow your capital comfortably. With EduFund, you get the following benefits -  Customised Research-Based Financial Plan -  EduFund's scientific fund tracker screens over 1 lakh data points and 400 financial scenarios to recommend you the best mutual funds.  Customer-Friendly Counsellors Help You Create a Financial Plan - EduFund's counsellors are trained to handle all kinds of queries from customers. They spend as much time with you as you need and resolve all your issues to help you create a robust financial plan. Invest Less, Earn More - Not only the best Indian mutual funds, but EduFund also offers you the facility to invest in US Dollar ETFs and international mutual funds. Use Free Tools - EduFund offers various free tools for its customers, including College Savings Calculator, SIP calculator, etc.  No Technical Expertise Required - You do not need to be an expert in finance to understand which mutual fund is the best for you. EduFund does it for you. Value-Added Benefits - You may get value-added benefits like no commission, free advisory, and nil-hidden charges. Secure Transactions - EduFund is RIA-registered and uses top-class 128-SSL security to enable safe transactions. Special Support for Children's Education - EduFund has a dedicated team of experts who help you fulfil your children's educational goals. FAQs Which is the best Mirae Asset mutual fund? Top-rated Mirae Asset mutual fund: Mirae Asset Hybrid – Equity Fund (Category Hybrid: Aggressive) Mirae Asset Cash Management Fund (Category – Debt: Liquid) Mirae Asset Emerging Bluechip Fund (Category – Equity: Large & Midcap) Mirae Asset Tax Saver Fund (Category – Equity: ELSS) Mirae Asset Large Cap Fund (Category – Equity: Large Cap)  Is Mirae Asset a good investment?   Mirae Asset Global Investments is a diversified asset manager providing innovative solutions worldwide to help investors achieve their goals in a transforming world. They have 40-plus offices worldwide, and it is the 18th largest Global ETF Manager by AUM. They have clients in 36 countries, and 1,717 products are distributed globally.    Mirae Asset Mutual Fund offers a diverse range of schemes across various segments like equity funds, debt funds, balanced funds, equity-linked savings schemes (ELSS), etc., to cater to every investor’s needs. Talk to a financial expert before making any investment decisions. Is Mirae Asset a Chinese company?   Headquartered in Seoul, South Korea, Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, Mirae Asset Global Investments, began its operation in 1997 and has expanded its business globally in a relatively brief period.   Originating in the backdrop of the Asian currency crisis, Mirae Asset began cautiously, and they focused more on the Korean market initially. Founded by the visionary Hyeon Joo Park, Mirae Asset became the first AMC to present mutual funds to retail investors in 1998.   Who is the owner of Mirae Asset?   Hyeon Joo Park founded the company. Originating in the backdrop of the Asian currency crisis, Mirae Asset began cautiously, and they focused more on the Korean market initially. Mirae Asset became the first AMC to present mutual funds to retail investors in 1998.