Mirae Asset Large & Midcap Fund Direct Growth

Mirae Asset Large & Midcap Fund (formerly Mirae Asset Emerging Bluechip Fund) invests in equity and equity-related instruments of large-cap and mid-cap companies. As per SEBI’s classification, this includes the top 100 companies by market capitalization (large-cap), followed by the next 150 companies (mid-cap).

The fund invests at least 35% of its assets in each large-cap and mid-cap company. Mirae Assets follows the Nifty Large Midcap 250 Index as its benchmark for this fund. This helps them measure performance across a broader market of large and mid-cap companies. The remaining is invested in debt, money market instruments, REITs and InvITs for diversification. 

Investment Strategy 

The fund portfolio comprises stocks picked by following a bottom-up selection process. This strategy includes looking at companies benefiting from macroeconomic trends. The fund managers' focus for Mirae Asset Large & Midcap Fund is to find companies that reduce liquidity risk and offer diversification.

Taxation 

Tax on your gains from the Mirae Asset Emerging Bluechip Fund depends on how long you have held the fund for. All equity mutual funds sold within 12 months are considered Short-term Capital Gain (STCG) and investments sold after 12 months are considered Long-term Capital Gain (LTCG). The taxes are as follows:

• Long-term Capital Gain: Exemption of up to ₹1,25,000 and then 12.5%
• Short-term Capital Gain: 20% 

Who Invests in Mirae Asset Large & Midcap Fund?

Mirae Asset Large & Midcap Fund is well-suited for investors seeking exposure to both established bluechip companies and high-growth emerging businesses. The fund's portfolio strikes a balance between stability and growth potential, making it ideal for those with a moderate to high-risk appetite and a long-term investment horizon.

Allocation & Historical Returns

Currently, the fund's portfolio comprises 13.2% small-cap stocks, 50.07% large-cap stocks, and 35.40% mid-cap stocks.

With an AUM of ₹39459.0 crores, Mirae Asset Large & Midcap Fund Direct Growth generated a return of 3.2% in 1 year, 20.1% in 3 years, 24.2% in 5 years. while its benchmark index (NIFTY 500) generated 1.2% in 1 year, 18.8% in 3 years, and 21.4% in 5 years.