Mirae Asset Large & Midcap Fund Direct Growth

Equity
Direct
Large & Mid-Cap
Mirae Asset Large & Midcap Fund Direct Growth

About the Fund

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 Growth has ₹37846 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Mirae Asset Large & Midcap Fund Direct Growth has given a CAGR return of 23.81% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 39.71%, 19.24% and 24.84% respectively.

Holdings

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

Taxation

As it is a large & mid-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 & Midcap Fund Direct Growth

The investment objective of the scheme is to generate income and capital appreciation from a portfolio primarily investing in Indian equities and equity related securities of large cap and mid cap companies at the time of investment. From time to time, the fund manager may also seek participation in other Indian equity and equity related securities to achieve optimal Portfolio construction.The Scheme does not guarantee or assure any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1.00 and for SIP is INR 500.00. Mirae Asset Large & Midcap Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
56121 people have invested ₹ 18.2Cr in Mirae Asset Large & Midcap Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
16
/21
49% Performance
37% Risk Management
76% Cost
16 out of 21 among large & mid-cap
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Larger AUM within category
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Beats FD returns for both 3Y & 5Y
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Higher probablity of downside risk
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3Y returns in the bottom 25% of the category

Fund Overview

Expense ratio0.58%
Benchmark
S&P BSE 200 India TR INR
AUM₹37846 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP--/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
52.08%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98.4%

  • Debt & Cash 1.6%

Large cap
52%
Mid cap
36.5%
Small cap
9.9%
Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
25.5%
Consumer Cyclical
15.7%
Industrial
13.1%
Basic Materials
10.6%
Health
10%
Tech
7.5%
Energy
5.2%
Communication
4.4%
Utilities
3.8%
Consumer Defensive
2.1%
Real Estate
2%
All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
5.88%
0%
Axis Bank Ltd
Axis Bank Ltd
3.77%
17.1%
Larsen & Toubro Ltd
Larsen & Toubro Ltd
2.99%
6.3%
Reliance Industries Ltd
Reliance Industries Ltd
2.61%
-16.9%
ICICI Bank Ltd
ICICI Bank Ltd
2.53%
-14.8%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Mirae Asset Large & Midcap Fund Direct Growth
Mirae Asset Large & Midcap Fund Direct Growth
39.7%
19.2%
24.8%
23.8%
Quant Large and Mid Cap Fund Growth Option Direct Plan
Quant Large and Mid Cap Fund Growth Option Direct Plan
64%
31.6%
31.7%
22%
HDFC Large and Mid Cap Fund Direct Growth
HDFC Large and Mid Cap Fund Direct Growth
46.1%
26.6%
25.8%
15.3%
Kotak Equity Opportunities Direct Growth
Kotak Equity Opportunities Direct Growth
43.7%
23.7%
25.2%
19%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Wipro Ltd
Wipro Ltd
2%
Bayer CropScience Ltd
Bayer CropScience Ltd
1.5%

Neelesh Surana
Neelesh Surana
Fund Manager of Mirae Asset Large & Midcap Fund Direct Growth, since 9 July 2010
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset ELSS Tax Saver Fund -Direct Plan-Growth
19.29%
19.51%
Mirae Asset Large & Midcap Fund Direct Plan Growth
19.24%
21.68%
Ankit Jain
Ankit Jain
Fund Manager of Mirae Asset Large & Midcap Fund Direct Growth, since 31 January 2019
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Midcap Fund Direct Growth
24.35%
24.91%
Mirae Asset Large & Midcap Fund Direct Plan Growth
19.24%
21.68%
Mirae Asset Great Consumer Direct Plan Growth
24.93%
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Mutual Fund Insights

Insights icon
In the last 3 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 31.57% return, outperforming this fund by 12.34% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (large & mid-cap). Its expense ratio is 0.58% which is lower than the category average expense ratio of 1.2%.
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In the last 1 year, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 63.99% return, outperforming this fund by 24.28%.
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Over the last 1 year, this fund has decreased expense ratio by 13.4% moving from 0.67 to 0.58.
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In the last 5 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 31.68% return, outperforming this fund by 6.84% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 16.5% growth in AUM moving from 32.49K Cr to 37.84K Cr.

Mirae Asset Large & Midcap 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 23.81% since inception which is more than its category average return of 17.98%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.43% in Equity, 0% in Debt and 1.57% in Cash related instruments
AUM size ₹37846 Cr

AUM size ₹37846 Cr

This fund has AUM of ₹37846 Cr which is more than its category average of ₹ 7161 Cr
Expense Ratio 0.58%

Expense Ratio 0.58%

This fund has an expense ratio of 0.58% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions

The current NAV of Mirae Asset Large & Midcap Fund Direct Growth is ₹165.61 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Mirae Asset Large & Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.28%
3.28%
6 Month Returns
19.07%
19.07%
1 Year Returns
39.71%
39.71%
3 Years Returns
69.54%
19.24%
5 Years Returns
203.26%
24.84%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.58% as on June 2024
₹37846 Cr as on June 2024
HDFC Bank Ltd(5.88%), Axis Bank Ltd(3.77%), Larsen & Toubro Ltd(2.99%), Reliance Industries Ltd(2.61%), ICICI Bank Ltd(2.53%) as on June 2024
Financial Services(25.09%), Consumer Cyclical(15.47%), Industrial(12.89%) as on June 2024
The alpha ratio for the Mirae Asset Large & Midcap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Large & Midcap Fund Direct Growth
-2.67
-1.34
1.17
As on June 2024
The alpha for Mirae Asset Large & Midcap Fund Direct 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 Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Large & Midcap Fund Direct Growth
1
0.91
0.94
As on June 2024
The Beta for Mirae Asset Large & Midcap Fund Direct 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 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 Growth
2.4
1.05
0.93
As on June 2024
The sharpe ratio for Mirae Asset Large & Midcap Fund Direct 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 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 Growth
11.72
12.53
18.87
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 1.96 as on June 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 Growth
The Exit load of Mirae Asset Large & Midcap Fund Direct Growth is 1%