Mirae Asset Large Cap Fund Direct Plan Growth
Equity
Direct
Large-Cap
NAV: ₹ 109.25 as on 26-04-2024
Fund Performance
16647 people have invested ₹ 12.8Cr in Mirae Asset Large Cap Fund Direct Plan Growth in the last three months
Mutual Fund Insights
In the last 3 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 27.24% return, outperforming this fund by 11.16% per annum.
This fund expense ratio is slightly on the lower side within the category (large-cap). Its expense ratio is 0.59% which is lower than the category average expense ratio of 0.79%.
Over the last 15 months, this fund has increased expense ratio by 15.7% moving from 0.51 to 0.59.
In the last 1 year, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 44.86% return, outperforming this fund by 18.05%.
In the last 5 years, Baroda BNP Paribas Large Cap Fund Direct Plan Growth Option has given 19.27% return, outperforming this fund by 4.26% per annum.
INDmoney Rank
Powered by IND quant engine
15
/19
11% Performance
45% Risk Management
92% Cost
15 out of 19 among large-cap
Pros
Larger AUM within category
Beats FD returns for both 3Y & 5Y
Cons
Has not generated consistent returns
Does not beat the benchmark consistently
Higher probablity of downside risk
About the Mirae Asset Large Cap Fund Direct Plan Growth
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
- Mirae Asset Large Cap Fund Direct Plan Growth has ₹37885 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Overview
 | 0.59% |
 Benchmark | S&P BSE 100 India TR INR |
 | ₹37885 Cr |
 | 1 January, 2013 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 22.26% |
Mirae Asset Large Cap Fund Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
85.7%
Mid cap
11.8%
Small cap
2.2%
Sector Allocation
Financial Services
37.2%
Tech
12.5%
Consumer Cyclical
9.4%
Energy
8%
Industrial
7.5%
Basic Materials
7.4%
Consumer Defensive
7%
Health
5.5%
Communication
3.8%
Utilities
1.6%
Top Holdings of Mirae Asset Large Cap Fund Direct Plan Growth as on (31-Mar-24)
Equity Holdings67
Debt Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.37% | 0% | |
 ICICI Bank Ltd | 8.79% | -3% | |
 Reliance Industries Ltd | 7.96% | -4.2% | |
 Infosys Ltd | 6.28% | -4.2% | |
 Axis Bank Ltd | 4.76% | 0% |
See all
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.09% whereas the fund’s underlying benchmark Nifty 100 returns stands at 0.26% as on Mar'24
- This fund outperformed Nifty 100 by 0.84% in Mar'24
AUM Change
- AUM of the fund stands at 37.9K Cr as of Mar'24
- AUM increased by 208.2 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Bharti Airtel Ltd | 8.9% |
 Avenue Supermarts Ltd | 1.6% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -4.4% |
 Hindustan Unilever Ltd | -2.8% |
 Axis Bank Ltd | 7.3% |
Peer Analysis
Fund Manager
Gaurav Misra
Fund Manager of Mirae Asset Large Cap Fund Direct Plan Growth, since 31 January 2019
Top funds managed
Mirae Asset Large Cap Fund Direct Plan Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.82% since inception which is more than its category average return of 13.55%
Fund Allocations
This fund has an allocation of 99.72% in Equity, 0% in Debt and 0.28% in Cash related instruments
AUM size ₹37885 Cr
This fund has AUM of ₹37885 Cr which is more than its category average of ₹ 6123 Cr
Expense Ratio 0.59%
This fund has an expense ratio of 0.59% which is less than its category average expense ratio of 1.3%
Frequently Asked Questions
The current NAV of Mirae Asset Large Cap Fund Direct Plan Growth is ₹109.25 as on 26-Apr-2024.
Existing (Absolute + CAGR) as on 26-Apr-2024.
Mirae Asset Large Cap Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.04% | 3.04% |
6 Month Returns | 17.49% | 17.49% |
1 Year Returns | 26.8% | 26.8% |
3 Years Returns | 56.41% | 16.08% |
5 Years Returns | 101.2% | 15.01% |
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0.59% as on March 2024
₹37885 Cr as on March 2024
HDFC Bank Ltd(9.37%), ICICI Bank Ltd(8.79%), Reliance Industries Ltd(7.96%), Infosys Ltd(6.28%), Axis Bank Ltd(4.76%) as on March 2024
Financial Services(37.13%), Tech(12.48%), Consumer Cyclical(9.41%) as on March 2024
The alpha ratio for the Mirae Asset Large Cap Fund Direct Plan Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Large Cap Fund Direct Plan Growth | -1.93 | -0.26 | -0.2 |
As on March 2024
The alpha for Mirae Asset Large Cap Fund Direct Plan 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 Plan Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Large Cap Fund Direct Plan Growth | 0.82 | 0.85 | 0.94 |
As on March 2024
The Beta for Mirae Asset Large Cap Fund Direct Plan 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 Plan 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 Plan Growth | 1.89 | 0.81 | 0.58 |
As on March 2024
The sharpe ratio for Mirae Asset Large Cap Fund Direct Plan 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 Plan 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 Plan Growth | 9.38 | 11.59 | 17.7 |
As on March 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 1.45 as on March 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 Plan Growth
The Exit load of Mirae Asset Large Cap Fund Direct Plan Growth is 1%