Mirae Asset Large Cap Fund - Growth Plan

Large Cap NAV 92.287 0 07 December, 2023

Fund Details

Category Large Cap
Fund Type Open Ended
Investment Plan Growth
Launch Date 10 April, 2008
Benchmark NIFTY 100 TRI
Asset Size(Cr) 35683.7074
ISIN No. INF769K01010
Turn over 22%
Min Investment ₹ 5000
Min SIP Investment ₹ 1000
Min Addl Investment ₹ 1000
Exit Load Exit load of 1% if redeemed within 1 year
Expense Ratio 1.54
Fund Manager Gaurav Khandelwal, Gaurav Misra
Fund House Mirae Asset Mutual Fund

Investment Returns (As on 07 Dec, 2023)

Duration Returns Benchmark Category
1 W -1.35% 1.58% 1.65%
1 M -2.47% 4.02% 3.67%
3 M -0.22% 1.44% 1.44%
6 M 11.78% 0.35% -0.53%
1 Y 10.25% 7.25% 6.36%
2 Y 10.32% 12.49% 10.65%
3 Y 17.29% 23.79% 21.02%
5 Y 13.72% 12.46% 10.26%

Risk Mesasures (As on 07 Dec, 2023)

Std Dev Sharpe Beta Alpha
Fund 13.91 1.19 -0.78 0.91
Benchmark 0 0 0 0
Returns Compare with Others
  • 1Y
  • 3Y
  • 5Y

Portfolio (As on 30 Oct, 2023)

Assets Allocation

Sector Holdings
Others 0.65%

Return Calculator

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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
Mirae Asset Large Cap Fund - Growth Plan 10.25% 17.29% 13.72%
Nippon India Large Cap Fund- Growth Plan -Growth Option 20.99% 28.1% 16.1%
ICICI Prudential Bluechip Fund - Growth 16.68% 22.59% 15.31%
SBI Blue Chip Fund-Regular Plan Growth 14.79% 20.88% 15.37%
Aditya Birla Sun Life Frontline Equity Fund-Growth 13.08% 20.09% 13.86%
Axis Bluechip Fund - Regular Plan - Growth 6.79% 13.22% 13.34%

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Mirae Asset India Equity Fund Regular Plan Growth

Mirae Asset Large Cap Fund is an open-ended equity fund which majorly invests in the equity of mid- and large-cap companies. It is among the top-performing large-cap mutual funds which diversify the total investable capital into various sectors but predominantly in the financial sector. It was launched on April 04, 2008 by Mirae Asset Mutual Fund House to achieve the objective of creating wealth in the long term. Mirae Asset Large Cap Fund (G) is one of the best choices for the investor who wants to attain a long-term financial benefit through SIP investments. Many times, it has managed to outpace both its benchmark, i.e., S&P BSE 200, and peers, with good margins. It tenaciously held five-star rating since inception, but it slipped down to four-star in the year 2016. However, it has managed to perform better than both its peer and benchmark mostly all the time to fetch excellent returns for the investors.

Mirae Asset India Equity Fund Growth majorly deploys the capital in the stocks of large-cap companies to assure more growth opportunities for the investors along with least volatility of market swings. Providing good returns in the long run, and consistent performance are the fund's hallmark since inception. The fund's three- and five-year returns are comparatively well than both the benchmark and the category. In the past one year, the margin of outperformance has narrowed to 4 percent in the benchmark. But, the averaged performance in the long-term period shows the good track of its potential.

Mirae Asset Large Cap Fund : Investment Details

The meaning of the word ‘Mirae’ is ‘future’ in Japanese. Mirae asset management company has brought the idea of creating assets, i.e., wealth, for future requirements with more effective fund management. Thus, all its equity schemes have highly potential and able to deliver high capital appreciation in the long-run. Mirae Asset India Equity Fund growth plan is among the one of its best schemes available for investments which already has proven its capability of generating exceptional returns in the adequate time period. It is an open-ended equity fund which majorly invests in the stocks of various companies of different scales. Investments in this fund can start with the minimum amount of Rs. 1000 through SIP, and Rs. 5000 through lumpsum. The investments amount can be increased in the future period to gain more returns on capital which can be calculated using SIP calculator It also offers zero exit-load facility to the investors if the redemption is not made before 365 days of the investments. Due to its aggressive nature toward the high profits, it carries a moderately high risk. But it can be minimised to the least chances if the investments are kept for the long-term period. Henceforth, Mirae Asset Large Cap Fund is one of the best funds for the investors who want to create wealth in the long-term period of time.

Mirae Asset India Equity Fund : Investment Portfolio

With over 33.22% of the total assets into the financial sector, Mirae Asset Large Cap Fund diversifies the capital into various other sectors based on the proper research and analysis. The primary motive of the investment analysts at Mirae Asset India Equity Fund is to select the stocks which have excellent growth potential and can appreciate the capital value of the investors. Other than financial sector, the industries like energy, automobiles, FMCG, technology, metals, etc., holds the major portion of its total assets. Moreover, under each sector, the fund manager sort out the best companies which have done excellent business in the past and have a strong expectation to grow furiously in the future too. Among the top holdings of this fund, the top ten includes; HDFC Bank, ICICI Bank, Larsen & Toubro, Maruti Suzuki India, Grasim Industries, State Bank of India, IndusInd Bank, Infosys, Tata Steel, Kotak Mahindra Bank.

It methodologically follows the investment style of growth from large stock. So, out of its total equity holding, around 81.61% gets deployed in the giant and large-cap stocks. The larger firms are among the leaders in their respective industries and less volatile compared to the other small- and mid-cap companies. The investors who want to diversify the funds into the best stocks, this mutual fund is the most suitable choice for them.

Mirae Asset Large Cap Fund Growth : Historical Performance

It was launched in the year 2008, and till the end of the financial year 2008, it got adjusted in the phase of the market. During the subsequent year, i.e., 2009, it overtook its category in terms of growth. Since then, it never slipped down from its category in terms of capital growth and managed to be above the line of the performance of the peers. Furthermore, it has been outperforming its benchmark, i.e., S&P BSE 200, with a convincing margin since 2010. The excellent track record of the scheme gives strong support to the expectation that it may provide excellent returns in the future too if the market condition remains beneficial. The best performance of the scheme has been recorded in the year 2010 when it provided one-year returns of 157.03% (March 09, 2009 - March 09, 2010). One must invest in this scheme if one wants to attain high capital growth in the long run.

Henceforth, the investors who are willing to give their money a chance to grow the value exclusively can deploy them in this scheme. Being an equity category, Mirae Asset India Equity Fund provides compounded returns on the invested capital and performs excellent in the long run.

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