Mirae Asset Large & Midcap Fund Direct Plan Growth

Mirae Asset Large & Midcap Fund Direct Plan Growth

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Equity
Direct
Large & Mid-Cap
NAV: ₹ 147.85 as on 12-04-2024
Fund Performance
zero opening, trading, fund transfer fee
55289 people have invested ₹ 17.5Cr in Mirae Asset Large & Midcap Fund Direct Plan Growth in the last three months

Mutual Fund Insights

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Over the last 15 months, this fund has decreased expense ratio by 8.8% moving from 0.68 to 0.62.
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In the last 1 year, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 66.75% return, outperforming this fund by 24.99%.
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Over the last 6 months, this fund has experienced a 16.2% growth in AUM moving from 29.02K Cr to 33.71K Cr.
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In the last 3 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 32.97% return, outperforming this fund by 11.6% per annum.
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In the last 5 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 27.17% return, outperforming this fund by 5.92% per annum.
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This fund has one of the lowest expense ratio in the category (large & mid-cap). Its expense ratio is 0.62% which is lower than the category average expense ratio of 1.22%.

INDmoney Rank of Mirae Asset Large & Midcap Fund Direct Plan Growth

Powered by IND quant engine
11
/21
57% Performance
39% Risk Management
75% Cost
11 out of 21 among large & mid-cap

Pros

Larger AUM within category
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y

Cons

Poor track record of protecting capital in bear phase
3Y returns in the bottom 25% of the category

About the Mirae Asset Large & Midcap Fund Direct Plan Growth

Mirae Asset Emerging Bluechip Fund Direct Plan Growth is a smart investment option for investors seeking exposure to mid-cap and small-cap companies with high growth potential. Managed by Mirae Asset Mutual Fund, this fund aims to provide long-term capital growth by investing in emerging companies that have the potential to become leaders in their respective sectors.

The fund managers follow a bottom-up approach to stock selection, focusing on identifying companies with strong growth potential, quality management, and a competitive advantage. The portfolio is well-diversified across sectors and stocks, reducing the risk associated with investing in mid-cap and small-cap companies.

The fund is suitable for investors who are willing to take higher risks for potentially higher returns and have a long-term investment horizon.

Key Parameters

  1. Mirae Asset Large & Midcap Fund Direct Plan Growth has ₹33711 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.

Mirae Asset Large & Midcap Fund Direct Plan Growth Overview

Expense ratio
Expense ratio
0.62%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹33711 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
--/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
52.08%

Mirae Asset Large & Midcap Fund Direct Plan Growth Distribution as on (31-Mar-24)

  • Equity 98.9%

  • Debt & Cash 1.1%

Size breakup

Large cap
50%
Mid cap
41.6%
Small cap
7.3%
Sector Allocation

Mar'24

Feb'24

Jan'24

Financial Services
29.6%
Consumer Cyclical
13.7%
Industrial
11.4%
Basic Materials
10.5%
Health
8.6%
Tech
7.1%
Utilities
5.9%
Energy
4.3%
Consumer Defensive
4.1%
Communication
3%
Real Estate
1.7%

Top Holdings of Mirae Asset Large & Midcap Fund Direct Plan Growth as on (31-Mar-24)

  • Equity

  • Debt & Cash

Equity Holdings90
Debt Holdings1

Mirae Asset Large & Midcap Fund Direct Plan Growth: Monthly Changes Updates

All changes are between Jan'24 and Mar'24
Fund Performance
Mar'24
Feb'24
Jan'24
Fund Returns
-0.40%
1.26%
2.35%
NIFTY 500
-0.47%
1.58%
1.71%
  • This fund’s returns stands at -0.40% whereas the fund’s underlying benchmark NIFTY 500 returns stands at -0.47% as on Mar'24
  • This fund outperformed NIFTY 500 by 0.07% in Mar'24
AUM Change
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 33.7K Cr
₹ 33.7K Cr
₹ 33.3K Cr
  • AUM of the fund stands at 33.7K Cr as of Mar'24
  • AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes

Gainers & Losers in Mirae Asset Large & Midcap Fund Direct Plan Growth portfolio Returns for the month of Mar

Mirae Asset Large & Midcap Fund Direct Plan Growth Fund Manager

Neelesh Surana
Neelesh Surana
Fund Manager of Mirae Asset Large & Midcap Fund Direct Plan Growth, since 9 July 2010
Ankit Jain
Ankit Jain
Fund Manager of Mirae Asset Large & Midcap Fund Direct Plan Growth, since 31 January 2019

Mirae Asset Large & Midcap Fund Direct Plan 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 23.23% since inception which is more than its category average return of 16.16%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.93% in Equity, 0% in Debt and 1.07% in Cash related instruments
AUM size ₹33711 Cr

AUM size ₹33711 Cr

This fund has AUM of ₹33711 Cr which is more than its category average of ₹ 6056 Cr
Expense Ratio 0.62%

Expense Ratio 0.62%

This fund has an expense ratio of 0.62% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of Mirae Asset Large & Midcap Fund Direct Plan Growth is ₹147.85 as on 12-Apr-2024.
Existing (Absolute + CAGR) as on 12-Apr-2024.
Mirae Asset Large & Midcap Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.31%
3.31%
6 Month Returns
17.45%
17.45%
1 Year Returns
41.76%
41.76%
3 Years Returns
78.81%
21.38%
5 Years Returns
162.06%
21.25%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.62% as on March 2024
₹33711 Cr as on March 2024
HDFC Bank Ltd(5.59%), State Bank of India(3.59%), ICICI Bank Ltd(3.12%), Larsen & Toubro Ltd(3.09%), Reliance Industries Ltd(2.98%) as on March 2024
Financial Services(29.32%), Consumer Cyclical(13.55%), Industrial(11.24%) as on March 2024
The alpha ratio for the Mirae Asset Large & Midcap Fund Direct Plan Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Large & Midcap Fund Direct Plan Growth
-2.9
-0.84
1.63
As on March 2024
The alpha for Mirae Asset Large & Midcap Fund Direct Plan Growth is calculated against S&P BSE 200 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 & Midcap Fund Direct Plan Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Large & Midcap Fund Direct Plan Growth
0.97
0.9
0.93
As on March 2024
The Beta for Mirae Asset Large & Midcap Fund Direct Plan Growth is calculated with S&P BSE 200 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 & Midcap 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 & Midcap Fund Direct Plan Growth
2.62
1.06
0.83
As on March 2024
The sharpe ratio for Mirae Asset Large & Midcap Fund Direct Plan Growth is calculated with S&P BSE 200 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 & Midcap 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 & Midcap Fund Direct Plan Growth
10.82
12.35
18.71
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 1.95 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Neelesh Surana, Ankit Jain are the fund managers of Mirae Asset Large & Midcap Fund Direct Plan Growth
The Exit load of Mirae Asset Large & Midcap Fund Direct Plan Growth is 1%