Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl

Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl

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Equity
Direct
Large & Mid-Cap
NAV: ₹ 80.91 as on 12-04-2024
Fund Performance
zero opening, trading, fund transfer fee
190 people have invested ₹ 4.1L in Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl in the last three months

About the Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl

Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Neelesh Surana, Ankit Jain. The fund could potentially beat inflation in the long-run.

Key Parameters

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

Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl 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 Reinvestment of Income Distribution cum cptl wdrl Distribution as on (29-Feb-24)

  • Equity 98.9%

  • Debt & Cash 1.1%

Size breakup

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

Feb'24

Jan'24

Dec'23

Financial Services
30.2%
Consumer Cyclical
13.5%
Basic Materials
11.2%
Industrial
10.8%
Health
8.1%
Tech
7.8%
Utilities
5.7%
Consumer Defensive
4.3%
Energy
3.8%
Communication
3.2%
Real Estate
1.5%

Top Holdings of Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl as on (31-Mar-24)

  • Equity

  • Debt & Cash

Equity Holdings90
Debt Holdings1

Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl: Monthly Changes Updates

All changes are between Dec'23 and Feb'24
Fund Performance
Feb'24
Jan'24
Dec'23
Fund Returns
1.26%
2.35%
7.23%
NIFTY 500
1.58%
1.71%
7.25%
  • This fund’s returns stands at 1.26% whereas the fund’s underlying benchmark NIFTY 500 returns stands at 1.58% as on Feb'24
  • This fund underperformed NIFTY 500 by 0.32% in Feb'24
AUM Change
Parameters
Feb'24
Jan'24
Dec'23
AUM
₹ 33.3K Cr
₹ 33.3K Cr
₹ 30.3K Cr
  • AUM of the fund stands at 33.3K Cr as of Feb'24
  • AUM has remained same between Feb'24 and Jan'24
Fund Portfolio Changes

Gainers & Losers in Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl portfolio Returns for the month of Feb

Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl Fund Manager

Neelesh Surana
Neelesh Surana
Fund Manager of Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl, since 9 July 2010
Ankit Jain
Ankit Jain
Fund Manager of Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl, since 31 January 2019

Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl 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 22.66% 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 Reinvestment of Income Distribution cum cptl wdrl is ₹80.91 as on 12-Apr-2024.
Existing (Absolute + CAGR) as on 12-Apr-2024.
Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl
Absolute Returns
CAGR Returns
1 Month Returns
3.31%
3.31%
6 Month Returns
17.45%
17.45%
1 Year Returns
40.83%
40.83%
3 Years Returns
75.13%
20.54%
5 Years Returns
151.75%
20.28%
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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 Reinvestment of Income Distribution cum cptl wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl
-3.37
-1.51
0.83
As on March 2024
The alpha for Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl 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 Reinvestment of Income Distribution cum cptl wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl
0.96
0.9
0.93
As on March 2024
The Beta for Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl 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 Reinvestment of Income Distribution cum cptl wdrl 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 Reinvestment of Income Distribution cum cptl wdrl
2.58
1
0.78
As on March 2024
The sharpe ratio for Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl 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 Reinvestment of Income Distribution cum cptl wdrl 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 Reinvestment of Income Distribution cum cptl wdrl
10.71
12.35
18.73
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 1.82 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 Reinvestment of Income Distribution cum cptl wdrl
The Exit load of Mirae Asset Large & Midcap Fund Direct Plan Reinvestment of Income Distribution cum cptl wdrl is 1%