Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal

Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal

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Equity
Direct
Large-Cap
NAV: ₹ 65.8 as on 23-02-2024
Fund Performance
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29 people have invested ₹ 1L in Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal in the last three months

About the Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal

Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Gaurav Misra. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal has ₹37904 Cr worth of assets under management (AUM) as on Jan 2024 and is more than category average.
  2. The fund has an expense ratio 0.5.

Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal Overview

Expense ratio
Expense ratio
0.54%
Benchmark
Benchmark
S&P BSE 100 India TR INR
AUM
AUM
₹37904 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
22.26%

Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal Distribution as on (31-Jan-24)

  • Equity 97%

  • Debt & Cash 3%

Size breakup

Large cap
82%
Mid cap
12.2%
Small cap
2.8%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
36.7%
Tech
14.8%
Consumer Cyclical
8.9%
Energy
8.3%
Industrial
7.1%
Consumer Defensive
7.1%
Basic Materials
6.6%
Health
4.5%
Communication
4.4%
Utilities
1.6%

Top Holdings of Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal as on (31-Jan-24)

  • Equity

  • Debt & Cash

Equity Holdings63
Debt Holdings1

Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
0.35%
6.01%
5.71%
Nifty 100
0.53%
7.76%
6.64%
  • This fund’s returns stands at 0.35% whereas the fund’s underlying benchmark Nifty 100 returns stands at 0.53% as on Jan'24
  • This fund underperformed Nifty 100 by 0.18% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 37.9K Cr
₹ 38K Cr
₹ 36.1K Cr
  • AUM of the fund stands at 37.9K Cr as of Jan'24
  • AUM decreased by 65.2 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal portfolio Returns for the month of Jan

Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal Fund Manager

Gaurav Misra
Gaurav Misra
Fund Manager of Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal, since 31 January 2019

Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal 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 16.72% since inception which is more than its category average return of 13.48%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.97% in Equity, 0% in Debt and 3.03% in Cash related instruments
AUM size ₹37904 Cr

AUM size ₹37904 Cr

This fund has AUM of ₹37904 Cr which is more than its category average of ₹ 5814 Cr
Expense Ratio 0.54%

Expense Ratio 0.54%

This fund has an expense ratio of 0.54% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal is ₹65.83 as on 23-Feb-2024.
Existing (Absolute + CAGR) as on 23-Feb-2024.
Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
1.6%
1.6%
6 Month Returns
11.64%
11.64%
1 Year Returns
24.71%
24.71%
3 Years Returns
50.54%
14.61%
5 Years Returns
112.59%
16.28%
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0.54% as on January 2024
₹37904 Cr as on January 2024
ICICI Bank Ltd(8.75%), HDFC Bank Ltd(8.72%), Reliance Industries Ltd(8.08%), Infosys Ltd(7.78%), Axis Bank Ltd(4.9%) as on January 2024
Financial Services(35.59%), Tech(14.36%), Consumer Cyclical(8.66%) as on January 2024
The alpha ratio for the Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal
0.37
0.26
0.06
As on January 2024
The alpha for Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal
0.8
0.86
0.95
As on January 2024
The Beta for Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal
1.43
0.93
0.63
As on January 2024
The sharpe ratio for Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal
10.14
12.1
17.96
As on January 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 1.76 as on January 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 Reinvestment of Income Distribution cum capital withdrawal
The Exit load of Mirae Asset Large Cap Fund Direct Plan Reinvestment of Income Distribution cum capital withdrawal is 1%