There is something different in every mutual fund company which differentiates it from other fund houses. Mirae Asset Mutual Fund is a newly established asset management company in India which brings the global experience of Mirae Asset Global Investments Co. Limited, South Korea, being its sponsor. It has an exceptional quality as it is primarily focused on developing investment strategies for the investors. By identifying the sustainable competitiveness of the companies in the market, it invests in the funds with a long-term perspective after assessing the investment risks and expected returns. They value a team-based approach to decision-making, and thus are focused on delivering customer satisfaction not only in the form of Mirae Mutual Funds but also by offering exceptional fund-related services.
Every mutual fund company offers a variety of schemes falling in diverse asset classes and so does Mirae provides. But what makes it different is the following set of variant services which not only simplifies and organises the investments of the investors but also provides a smarter way of gaining financial goals. So, let’s study these services and find how much beneficial they are for all of us –
SIP – Systematic Investment Plan
What if you don’t have a huge chunk to put in an investment for achieving your goals? The SIP has made it all simplified. In Korea, Mirae Asset pioneered the Regular Savings Plan and the same has been brought to India in the form of SIP. This plan allows the Indian investors to make regular investments in the form of savings by putting a certain sum of money in the mutual fund scheme either monthly or quarterly. With this, the burden of making a lump sum payment all at once is eliminated and the investors find it convenient to buy the funds to fulfil their future goals. The major benefits of this systematic investing include– rupee-cost averaging which helps reduce the total investment costs, the power of compounding which provides interest on interest, suitability to all types of investments, and the convenience of making a small payment.
SIP – Top Up Plan rnWe all get increments in our salary or income after a certain period of time which may be a half or a full year. Then you might want to make an increase in your small SIP payments because when income increases, the savings also rise and so does the investment. You can plan such hike in your SIP amount while initiating with the help of “Top-Up Plans”. Under this, the investors are allowed to increase their installment values by a fixed amount at a pre-determined date as per the expected time of attaining an increase in income. Accordingly, the moment you receive a hike in your income level, your investment is automatically updated and you tend to save more for your future requirements.
STP – Systematic Transfer Plan
This is a smarter way of transferring your money from one scheme or fund to another which is usually from a debt fund to an equity plan. Investing a lump sum value directly to the equity funds is quite a risky task, and this is why the STP has been initiated. You can put your saved amount in a debt fund which is systematically transferred to the chosen equity plan on a predetermined date. With this, you gain the benefits of the interest income (though for a shorter tenure) and also from the equity plans in the long term.
SWP – Systematic Withdrawal Plan
This is the best-suited strategy for the retirees or those who don’t have any other source of regular income. Under this, the investors can withdraw a certain sum of money from the invested schemes at predetermined intervals. The amount is directly credited to your associated bank account which allows you to use it the way you want.
TRIP – Trigger Investment Plan
Who doesn’t want to gain from the stock market? When the market touches the sky highs, everyone wishes to book profits. But it isn’t so easy and we all know this! But now,
Mirae Asset has brought a unique feature which allows the investors to avail the benefit on their investments whenever the market performs stupendously. Yes, the trigger facility empowers to choose the timing of your investments (SIP or lump sum) on the basis of the market levels. Whenever the market performs as per your desire, a predetermined sum of money is automatically invested in the fund of your choice, no matter where you are, your investment works undoubtedly.
VTP – Variable Transfer Plan
This allows the investors to gain the better advantage of the dynamic movements in the fund’s value. The amount of investment is transferred in the target scheme on the basis of the fund’s value as on the date of transfer. The amount is automatically adjusted and you do not need to get indulged in the hassle of tracking the fund’s movement regularly.
Group Investment Plan
This is another unique and investor-specific benefit provided by Mirae Mutual Fund. This is basically for those investors who are under an employment as this facility is provided specifically to the companies. It allows the employees to authorise their employers to deduct a certain sum of money from their salary and invest it in any of the chosen Mirae Asset Mutual Funds. With this, your investments get organised properly aiming towards fulfilling your desired financial goals.
Mirae Asset has a great opportunity for the investors to make a sound and foolproof investment in an organised manner. If you wish to attain such benefits and make your money work for you systematically without any hassle and inconvenience, then you must park your capital in the Mirae Asset Mutual Funds in India.
Read this article to know the unique services offered by Mirae Mutual Fund to the investors in order to help them organise their monies and let them work for their future goals.