Mirae Asset Large Cap Fund Direct Growth

Equity
Direct
Large-Cap
Mirae Asset Large Cap Fund Direct Growth

About the Fund

Mirae Asset Large Cap Fund is a mutual fund scheme that invests primarily in large-cap stocks. Large Cap stocks have a market capitalization of above Rs 20,000 crore and include shares of SBI, Reliance, ITC and HDFC Bank among others.

The fund's primary task is to invest in large cap stocks to generate steady returns with comparatively lesser risk as the companies in the fund are steady firms in their respective sectors.

Mirae Asset Large Cap Fund is suitable for investors who are looking to invest in the equity markets for the long term. The fund has a proven track record of generating strong returns over the years and is a popular choice among investors who are seeking exposure to large-cap stocks in India.

Key Parameters

  1. Mirae Asset Large Cap Fund Direct Growth has ₹39951 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.5.

Returns

Mirae Asset Large Cap Fund Direct Growth has given a CAGR return of 17.66% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 28.05%, 16.17% and 17.76% respectively.

Holdings

Mirae Asset Large Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Basic Materials, Energy, Consumer Defensive, Industrial, Health, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Axis Bank Ltd

Taxation

As it is a large-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Mirae Asset Large Cap Fund Direct Growth

The investment objective of the scheme is to generate long term capital appreciation by capitalizing on potential investment opportunities by predominantly investing in equities of large cap companies.The Scheme does not guarantee or assure any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Mirae Asset Large Cap Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
15677 people have invested ₹ 14.3Cr in Mirae Asset Large Cap Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
15
/19
19% Performance
45% Risk Management
88% Cost
15 out of 19 among large-cap
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Larger AUM within category
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Beats FD returns for both 3Y & 5Y
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Does not beat the benchmark consistently
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Higher probablity of downside risk
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Underperforms benchmarks during bull run

Fund Overview

Expense ratio0.53%
Benchmark
S&P BSE 100 India TR INR
AUM₹39951 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
22.26%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98.6%

  • Debt & Cash 1.4%

Large cap
83.9%

Mid cap
9.5%

Small cap
5.3%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
37.5%
Tech
12.9%
Consumer Cyclical
8.2%
Basic Materials
8%
Energy
8%
Consumer Defensive
7%
Industrial
6.9%
Health
5.4%
Communication
4%
Utilities
1.6%
Real Estate
0.5%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Infosys Ltd
Infosys Ltd
15.2%
HDFC Bank Ltd
HDFC Bank Ltd
0.7%

Gaurav Misra
Gaurav Misra
Fund Manager of Mirae Asset Large Cap Fund Direct Growth, since 31 January 2019

Mutual Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (large-cap). Its expense ratio is 0.53% which is lower than the category average expense ratio of 0.77%.
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In the last 1 year, Quant Large Cap Fund Direct Growth has given 47.4% return, outperforming this fund by 19.34%.
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In the last 5 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 21.47% return, outperforming this fund by 3.7% per annum.
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Over the last 3 months, this fund has experienced a 5.5% growth in AUM moving from 37.88K Cr to 39.95K Cr.
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In the last 3 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 26.24% return, outperforming this fund by 10.07% per annum.

Mirae Asset Large Cap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 17.66% since inception which is more than its category average return of 14.5%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.62% in Equity, 0% in Debt and 1.37% in Cash related instruments
AUM size ₹39951 Cr

AUM size ₹39951 Cr

This fund has AUM of ₹39951 Cr which is more than its category average of ₹ 6761 Cr
Expense Ratio 0.53%

Expense Ratio 0.53%

This fund has an expense ratio of 0.53% which is less than its category average expense ratio of 1.31%

Frequently Asked Questions

The current NAV of Mirae Asset Large Cap Fund Direct Growth is ₹122.98 as on 18-Jul-2024.
Existing (Absolute + CAGR) as on 18-Jul-2024.
Mirae Asset Large Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.8%
5.8%
6 Month Returns
17.94%
17.94%
1 Year Returns
28.05%
28.05%
3 Years Returns
56.79%
16.17%
5 Years Returns
126.48%
17.76%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.53% as on June 2024
₹39951 Cr as on June 2024
HDFC Bank Ltd(10.1%), ICICI Bank Ltd(7.53%), Reliance Industries Ltd(7.06%), Infosys Ltd(6.47%), Axis Bank Ltd(4.93%) as on June 2024
Financial Services(36.99%), Tech(12.74%), Consumer Cyclical(8.09%) as on June 2024
The alpha ratio for the Mirae Asset Large Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Large Cap Fund Direct Growth
-2.18
-0.42
-0.23
As on June 2024
The alpha for Mirae Asset Large Cap Fund Direct Growth is calculated against S&P BSE 100 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mirae Asset Large Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Large Cap Fund Direct Growth
0.88
0.86
0.95
As on June 2024
The Beta for Mirae Asset Large Cap Fund Direct Growth is calculated with S&P BSE 100 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mirae Asset Large Cap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Mirae Asset Large Cap Fund Direct Growth
1.61
0.81
0.66
As on June 2024
The sharpe ratio for Mirae Asset Large Cap Fund Direct Growth is calculated with S&P BSE 100 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mirae Asset Large Cap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Mirae Asset Large Cap Fund Direct Growth
10.67
11.7
17.9
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.48 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Gaurav Misra is the fund manager of Mirae Asset Large Cap Fund Direct Growth
The Exit load of Mirae Asset Large Cap Fund Direct Growth is 1%