Mirae Asset Large & Midcap Fund Direct Growth

Mirae Asset Large & Midcap Fund Direct Growth

Equity

Direct

Large & Mid-Cap

NAV as on 05-12-2024

₹ 168.31

0.5%

1D

Inception Returns

23.1%

/yr

About Mirae Asset Large & Midcap Fund Direct 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 Growth has ₹38166 Cr worth of assets under management (AUM) as on Oct 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 23.12% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 26.29%, 16.55% and 22.51% respectively.

Holdings

Mirae Asset Large & Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Basic Materials, Tech, Health, Energy, Utilities, Communication, Real Estate, Consumer Defensive. Its top holdings are HDFC Bank Ltd, Axis Bank Ltd, State Bank of India, Larsen & Toubro 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 5000.00 and for SIP is INR 99.00. Mirae Asset Large & Midcap Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
60605 people have invested ₹ 37.2Cr in Mirae Asset Large & Midcap Fund Direct Growth in the last three months

INDmoney Rank for Mirae Asset Large & Midcap Fund Direct Growth

Powered by IND quant engine
19
/21
39% Performance
36% Risk Management
78% Cost
19 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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Has not generated consistent returns
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Does not beat the benchmark consistently
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Higher probablity of downside risk

Mirae Asset Large & Midcap Fund Direct Growth Overview

Expense ratio0.61%
Benchmark
S&P BSE 200 India TR INR
AUM₹38166 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹99
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
29.01%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (05-Dec-24)

Period
Mirae Asset Large & Midcap Fund Direct Growth
NIFTY 500
large & mid-cap
1M
3.7%
2.6%
3.3%
3M
-2.5%
-2%
-1.4%
6M
15.6%
10.6%
17.2%
1Y
26.3%
25.2%
32%
3Y
16.6%
16.1%
20%
5Y
22.5%
19%
22.1%

Fund Distribution

as on (31-Oct-24)

  • Equity 99.2%

  • Debt & Cash 0.8%

Large cap
51.4%

Mid cap
35.5%

Small cap
11.3%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
28.8%
Consumer Cyclical
14.9%
Industrial
12.9%
Basic Materials
10%
Tech
9.3%
Health
8.6%
Energy
4.4%
Utilities
4.4%
Communication
4.2%
Real Estate
1.3%
Consumer Defensive
1.2%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-6.48%
1.01%
1.01%
NIFTY 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -6.48% whereas the fund’s underlying benchmark NIFTY 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed NIFTY 500 by 0.04% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 40.7K Cr
₹ 40.7K Cr
₹ 40.2K Cr
  • AUM of the fund stands at 40.7K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
Zomato Ltd's allocation increased from 0.63% to 1.07%
Zomato Ltd's allocation increased from 0.63% to 1.07%
GAIL (India) Ltd's allocation increased from 0.6% to 1%
GAIL (India) Ltd's allocation increased from 0.6% to 1%
One97 Communications Ltd's allocation increased from 1.05% to 1.44%
One97 Communications Ltd's allocation increased from 1.05% to 1.44%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 4.26 % to 4.06 %
Axis Bank Ltd's allocation decreased from 4.26 % to 4.06 %
ICICI Bank Ltd's allocation decreased from 2.5 % to 2.27 %
ICICI Bank Ltd's allocation decreased from 2.5 % to 2.27 %
Kotak Mahindra Bank Ltd's allocation decreased from 2.1 % to 2.1 %
Kotak Mahindra Bank Ltd's allocation decreased from 2.1 % to 2.1 %
Small Cap allocation has gone down from 11.4% to 11.3%
Small Cap allocation has gone down from 11.4% to 11.3%
Mid Cap allocation has gone up from 35.2% to 35.5%
Mid Cap allocation has gone up from 35.2% to 35.5%
Large Cap allocation has gone down from 51.7% to 51.4%
Large Cap allocation has gone down from 51.7% to 51.4%
Cash allocation has gone up from 0.8% to 0.8%
Cash allocation has gone up from 0.8% to 0.8%

Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial

Oct'24
Financial Services
29%
Consumer Cyclical
15%
Industrial
13%
Sep'24
Financial Services
28%
Consumer Cyclical
16%
Industrial
13%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
97
93
93
Top 5 Company Concentration
18.3%
17.9%
17.1%
Company having highest exposure
HDFC Bank Ltd (5.3%)
HDFC Bank Ltd (5.1%)
HDFC Bank Ltd (5.2%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
75.9%
76%
75.1%
Sector having highest exposure
Financial Services (28.8%)
Financial Services (28.4%)
Financial Services (26.3%)
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Ankit Jain
Ankit Jain
Fund Manager of Mirae Asset Large & Midcap Fund Direct Growth, since 31 January 2019
Neelesh Surana
Neelesh Surana
Fund Manager of Mirae Asset Large & Midcap Fund Direct Growth, since 9 July 2010
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.89L Cr
as on 31-Oct-2024
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Website
customercare@miraeasset.com

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (large & mid-cap). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.2%.
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Over the last 1 month, this fund has experienced a 6.2% drop in AUM moving from 40.67K Cr to 38.16K Cr.
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In the last 5 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 28.35% return, outperforming this fund by 5.84% per annum.
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In the last 1 year, Motilal Oswal Large and Midcap Fund Direct Growth has given 49.79% return, outperforming this fund by 23.49%.
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In the last 3 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 28.59% return, outperforming this fund by 12.04% per annum.
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Over the last 3 months, this fund has increased expense ratio by 5.2% moving from 0.58 to 0.61.
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This fund with AUM at ₹38166.20Cr is among the largest funds in the large & mid-cap category.

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 23.12% since inception which is more than its category average return of 17.18%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.21% in Equity, 0% in Debt and 0.79% in Cash related instruments
AUM size ₹38166 Cr

AUM size ₹38166 Cr

This fund has AUM of ₹38166 Cr which is more than its category average of ₹ 7282 Cr
Expense Ratio 0.61%

Expense Ratio 0.61%

This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.37%

Frequently Asked Questions for Mirae Asset Large & Midcap Fund Direct Growth

The current NAV of Mirae Asset Large & Midcap Fund Direct Growth is ₹168.31 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
Mirae Asset Large & Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.7%
3.7%
6 Month Returns
15.56%
15.56%
1 Year Returns
26.29%
26.29%
3 Years Returns
58.33%
16.55%
5 Years Returns
175.99%
22.51%
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0.61% as on November 2024
₹38166 Cr as on November 2024
HDFC Bank Ltd(5.32%), Axis Bank Ltd(4.06%), State Bank of India(3.47%), Larsen & Toubro Ltd(3.15%), ICICI Bank Ltd(2.27%) as on November 2024
Financial Services(28.53%), Consumer Cyclical(14.8%), Industrial(12.83%) as on November 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
-1.35
-1.62
0.32
As on November 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
0.99
0.92
0.95
As on November 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
1.37
0.77
0.88
As on November 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
13
13.11
18.95
As on November 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 1.3 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Ankit Jain, Neelesh Surana 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%