Mirae Asset Large Cap Fund – Direct Growth

Equity · Large Cap
 · ★★★★
500
Min SIP
5,000
Min Lumpsum
0.54 %
Expense Ratio
★★★★
Rating
37,903
Fund Size (in Cr)
11 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 01 March 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 26.2% 14.8% 16.3% 16.8%
Category Average 35.2% 16.3% 16.8% -

Scheme Allocation

By Holding
By Sector
By Asset
8.75%
8.72%
7.78%
4.9%
Others
61.77%
View all Holdings
Holdings Sector Instrument Asset
ICICI Bank Banks Equity 8.75%
HDFC Bank Banks Equity 8.72%
Reliance Industr Refineries Equity 8.08%
Infosys IT - Software Equity 7.78%
Axis Bank Banks Equity 4.9%
Bharti Airtel Telecomm-Service Equity 4.23%
St Bk of India Banks Equity 3.67%
Kotak Mah. Bank Banks Equity 3.66%
Larsen & Toubro Infrastructure Developers & Operators Equity 3.55%
HCL Technologies IT - Software Equity 2.21%
ITC Tobacco Products Equity 2.21%
Hind. Unilever FMCG Equity 2.2%
Maruti Suzuki Automobile Equity 2.14%
Sun Pharma.Inds. Pharmaceuticals Equity 2.07%
TCS IT - Software Equity 2.04%
NTPC Power Generation & Distribution Equity 1.59%
FSN E-Commerce E-Commerce/App based Aggregator Equity 1.43%
Ambuja Cements Cement Equity 1.4%
One 97 E-Commerce/App based Aggregator Equity 1.36%
SBI Cards Finance Equity 1.17%
Avenue Super. Retail Equity 1.16%
Crompton Gr. Con Consumer Durables Equity 1.06%
Dabur India FMCG Equity 1.05%
Gland Pharma Pharmaceuticals Equity 1.03%
Eicher Motors Automobile Equity 1.02%
Kajaria Ceramics Ceramic Products Equity 0.97%
SBI Life Insuran Insurance Equity 0.96%
Sona BLW Precis. Auto Ancillaries Equity 0.93%
Tata Steel Steel Equity 0.9%
SRF Chemicals Equity 0.86%
Shriram Finance Finance Equity 0.84%
Havells India Consumer Durables Equity 0.82%
Max Financial Finance Equity 0.82%
Indian Energy Ex Miscellaneous Equity 0.8%
P I Industries Agro Chemicals Equity 0.79%
Biocon Pharmaceuticals Equity 0.76%
ICICI Lombard Insurance Equity 0.69%
Jubilant Food. Quick Service Restaurant Equity 0.69%
UPL Agro Chemicals Equity 0.64%
EPL Ltd Packaging Equity 0.61%
Timken India Bearings Equity 0.61%
Voltas Consumer Durables Equity 0.59%
Nuvoco Vistas Cement Equity 0.53%
Chemplast Sanmar Chemicals Equity 0.52%
LTIMindtree IT - Software Equity 0.51%
Bajaj Finance Finance Equity 0.5%
Mphasis IT - Software Equity 0.46%
Vinati Organics Chemicals Equity 0.42%
Zomato Ltd E-Commerce/App based Aggregator Equity 0.41%
Krishna Institu. Healthcare Equity 0.34%
UltraTech Cem. Cement Equity 0.28%
Britannia Inds. FMCG Equity 0.23%
Samvardh. Mothe. Auto Ancillaries Equity 0.22%
Bharat Electron Aerospace & Defence Equity 0.18%
Torrent Pharma. Pharmaceuticals Equity 0.17%
Ashok Leyland Automobile Equity 0.15%
Federal Bank Banks Equity 0.1%
TVS Motor Co. Automobile Equity 0.09%
Asian Paints Paints/Varnish Equity 0.05%
Titan Company Diamond, Gems and Jewellery Equity 0.05%
Bank of Baroda Banks Equity 0.01%
Balkrishna Inds Tyres Equity 0%
Banks
29.81%
IT-Software
13%
Petroleum Products
8.08%
Diversified FMCG
4.41%
Telecom-Services
4.23%
Others
40.47%
View all Sectors
Sectors Asset
Banks 29.81%
IT-Software 13%
Petroleum Products 8.08%
Diversified FMCG 4.41%
Telecom-Services 4.23%
Pharmaceuticals & Biotech 4.03%
Construction 3.55%
Consumer Durables 3.54%
Automobiles 3.25%
Retailing 3%
Debt 2.7%
Finance 2.51%
Insurance 2.47%
Cement & Cement Products 2.21%
Chemicals & Petrochemical 1.8%
Power 1.59%
Fertilisers & Agrochemica 1.43%
Financial Technology (Fin 1.36%
Industrial Products 1.22%
Auto Components 1.15%
Personal Products 1.05%
Ferrous Metals 0.9%
Capital Markets 0.8%
Leisure Services 0.69%
Healthcare Services 0.34%
Cash & Others 0.32%
Food Products 0.23%
Aerospace & Defense 0.18%
Agricultural, Commercial 0.15%
Others 0%
Equity
96.98%
Reverse Repos
2.7%
Net Curr Ass/Net Receivables
0.32%
Mutual Funds Units
0%

Advance Ratio

0.29
Alpha
3.49
SD
0.86
Beta
0.81
Sharpe

Exit Load

Exit Load 15% of the units allotted (including Switch-in/STP - in on or before completion of 365 days from the date of allotment of units: Nil. 1.00% - If redeemed within 1 year (365 days) from the date of allotment. Nil - If redeemed after 1 Year (365 days) from the date of allotment.

Fund Objective

Mirae Asset Large Cap Fund Direct-Growth is a Large Cap fund from Mirae Asset Mutual Fund. This fund has existed for a decade, having been established on 01/01/2013. The fund is managed by Mirae Asset Investment Managers (India) Private Limited, with Gaurav Khandelwal and Gaurav Misra serving as fund managers.

1-year returns for the Mirae Asset Large Cap Fund Direct-Growth were -2.13 %. Since its inception, it has generated average yearly returns of 16.47%. The minimum SIP amount for the Mirae Asset Large Cap Fund (G) is 1,000, and this amount may be increased in increments of 100. If you choose to invest a lump sum, the minimum investment amount is 5,000. The strategy seeks to optimise long-term capital gain by investing in equities and equity-related assets and identifying investment opportunities emerging from Indian economic development and structural changes.

Pros & Cons

Pros Cons
3 year, 5 year, 10 year returns higher than category average Higher AUM (34194cr) which tends to have lower returns in the future
Low expense ratio 1 year annualised returns lower than the category average
The fund has lower alpha of 0.55 which has generated return lower than the benchmark

Who should invest in Mirae Asset Large Cap Fund?

Mirae Large Cap fund provides growth that is higher than that of inflation over the long term and is appropriate for investment goals with durations of ten to fifteen years or longer (minimum 5 years).

What are the benefits of investing in the Mirae Asset Large Cap Fund?

Mirae Asset Large Cap Fund is characterised by lower levels of volatility, often less sensitivity to cyclical changes in the economy, greater levels of stability, regular dividend payments, and an overarching goal of providing consistent capital appreciation. Here are some of the benefits:

  • The volatility of large-size funds like Mirae is lower than that of both midcap and small-cap funds.
  • When opposed to funds investing in midcap and small-cap companies, large-cap companies are better suited to weather a bear market with substantially less value loss.
  • When opposed to funds that invest in midcap and small-cap companies, large-cap funds can rebound from a severe market drop more quickly.
  • The purpose of large-cap funds is to provide consistency to your investment strategy and can assist in the gradual accumulation of wealth.

Fund Managers

Gaurav Misra

Mr Gaurav Misra holds the elite position of the senior fund manager at Mirae Asset India AMC with extensive experience of over 23 years in the management of investments. He has also fulfilled his role as the Senior Portfolio Manager at ASK Investment Managers Limited. His immense knowledge of the financial world has helped him fulfil his role and responsibilities.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

Mirae Asset Mutual Fund
AUM:
1,49,503 Cr
Address:
Unit 606,6th Flr,Windsor Off. CST Road,Kalina, Santacruz(E),Mumbai-400098
Contact:
022-67800300
Email ID:
customercare@miraeasset.com

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Frequently Asked Questions

How to invest in Mirae Asset Large Cap Fund – Direct Growth ?

You can invest in Mirae Asset Large Cap Fund – Direct Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for Mirae Asset Large Cap Fund – Direct Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of Mirae Asset Large Cap Fund – Direct Growth ?

The NAV of Mirae Asset Large Cap Fund – Direct Growth is ₹107.5 as of 01 March 2024.

How to redeem Mirae Asset Large Cap Fund – Direct Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of Mirae Asset Large Cap Fund – Direct Growth?

The minimum SIP amount of Mirae Asset Large Cap Fund – Direct Growth is ₹500

What are the top sectors Mirae Asset Large Cap Fund – Direct Growth has invested in?

The top sectors Mirae Asset Large Cap Fund – Direct Growth has invested in are
  1. Banks - 29.81%
  2. IT-Software - 13%
  3. Petroleum Products - 8.08%
  4. Diversified FMCG - 4.41%
  5. Telecom-Services - 4.23%

Can I make investments in both the SIP and Lump Sum schemes of Mirae Asset Large Cap Fund – Direct Growth?

Yes, You can select both SIP or Lumpsum investment of Mirae Asset Large Cap Fund – Direct Growth based on your investment objective and risk tolerance.

How much returns have Mirae Asset Large Cap Fund – Direct Growth generated ?

The Mirae Asset Large Cap Fund – Direct Growth has delivered 16.8% since inception

What is the expense ratio of Mirae Asset Large Cap Fund – Direct Growth ?

The expense ratio of Mirae Asset Large Cap Fund – Direct Growth is 0.54 % as of 01 March 2024.

What is the AUM of Mirae Asset Large Cap Fund – Direct Growth?

The AUM of Mirae Asset Large Cap Fund – Direct Growth is ₹1,49,503 Cr as of 01 March 2024

What are the top stock holdings of Mirae Asset Large Cap Fund – Direct Growth?

The top stock holdings of Mirae Asset Large Cap Fund – Direct Growth are
  1. ICICI Bank - 8.75%
  2. HDFC Bank - 8.72%
  3. Reliance Industr - 8.08%
  4. Infosys - 7.78%
  5. Axis Bank - 4.9%

How can I redeem my investments in Mirae Asset Large Cap Fund – Direct Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select Mirae Asset Large Cap Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.

Is there any lock in period for Mirae Asset Large Cap Fund - Direct Growth?

No, there is no lock in period for Mirae Asset Large Cap Fund – Direct Growth.

Invest Now