Mirae Asset Large & Midcap Fund Direct Growth
NAV as on 12-05-2025
₹ 160.32
▲3.7%
1D
Inception Returns
21.8%
/yr
Historical NAV & Returns
Absolute
▲
▼
52049 people have invested ₹ 27.4Cr in Mirae Asset Large & Midcap Fund Direct Growth in the last three months
About Mirae Asset Large & Midcap Fund Direct Growth
Mirae Asset Large & Midcap Fund (formerly Mirae Asset Emerging Bluechip Fund) invests in equity and equity-related instruments of large-cap and mid-cap companies. As per SEBI’s classification, this includes the top 100 companies by market capitalization (large-cap), followed by the next 150 companies (mid-cap).
The fund invests at least 35% of its assets in each large-cap and mid-cap company. Mirae Assets follows the Nifty Large Midcap 250 Index as its benchmark for this fund. This helps them measure performance across a broader market of large and mid-cap companies. The remaining is invested in debt, money market instruments, REITs and InvITs for diversification.
Investment Strategy
The fund portfolio comprises stocks picked by following a bottom-up selection process. This strategy includes looking at companies benefiting from macroeconomic trends. The fund managers' focus for Mirae Asset Large & Midcap Fund is to find companies that reduce liquidity risk and offer diversification.
Taxation
Tax on your gains from the Mirae Asset Emerging Bluechip Fund depends on how long you have held the fund for. All equity mutual funds sold within 12 months are considered Short-term Capital Gain (STCG) and investments sold after 12 months are considered Long-term Capital Gain (LTCG). The taxes are as follows:
- Long-term Capital Gain: Exemption of up to ₹1,25,000 and then 12.5%
- Short-term Capital Gain: 20%
Who Invests in Mirae Asset Large & Midcap Fund?
Mirae Asset Large & Midcap Fund is well-suited for investors seeking exposure to both established bluechip companies and high-growth emerging businesses. The fund's portfolio strikes a balance between stability and growth potential, making it ideal for those with a moderate to high-risk appetite and a long-term investment horizon.
Allocation & Historical Returns
Currently, the fund's portfolio comprises 12.8% small-cap stocks, 49.97% large-cap stocks, and 35.88% mid-cap stocks.
With an AUM of ₹36507.0 crores, Mirae Asset Large & Midcap Fund Direct Growth generated a return of 9.3% in 1 year, 19.5% in 3 years, 26.8% in 5 years. while its benchmark index (NIFTY 500) generated 10.0% in 1 year, 18.7% in 3 years, and 24.5% in 5 years.
Mirae Asset Large & Midcap Fund Direct Growth Overview
| Expense ratio | 0.63% |
Benchmark | Nifty LargeMidcap 250 TR INR |
| AUM | ₹36507 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 29.01% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Mirae Asset Large & Midcap Fund Ranking and Peer Comparison for Mirae Asset Large & Midcap Fund Direct Growth
Ranked based on performance, risk management and cost efficiency
19
/21
40% Performance
40% Risk Management
70% Cost
Ranked 19 out of 21 mutual funds in the large & mid-cap category as per INDmoney.
Larger AUM within category
Beats FD returns for both 3Y & 5Y
Has not generated consistent returns
Does not beat the benchmark consistently
5Y returns in the bottom 25% of the category
Trailing Returns
as on (12-May-25)
Fund Distribution
as on (31-Mar-25)
Large cap
50%
Mid cap
35.9%
Small cap
12.8%
Sector Allocation
Financial Services
29.5%
Consumer Cyclical
13.1%
Industrial
12.6%
Health
10.9%
Basic Materials
9%
Tech
8.3%
Utilities
4.3%
Communication
4%
Consumer Defensive
3.4%
Energy
3.2%
Real Estate
1.8%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 7.88% whereas the fund’s underlying benchmark NIFTY 500 returns stands at 7.25% as on Mar'25
- This fund outperformed NIFTY 500 by 0.63% in Mar'25
- AUM of the fund stands at 36.5K Cr as of Mar'25
- AUM increased by 2.8K Cr between Mar'25 and Feb'25
Top Stocks bought last month
AU Small Finance Bank Ltd's allocation increased from 0.1% to 0.64%
Bharat Forge Ltd's allocation increased from 1.03% to 1.46%
HCL Technologies Ltd's allocation increased from 0.05% to 0.36%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 5.64 % to 5.59 %
Infosys Ltd's allocation decreased from 2.26 % to 1.94 %
One97 Communications Ltd's allocation decreased from 1.68 % to 1.53 %
Mid Cap allocation has gone up from 35.1% to 35.9%
Large Cap allocation has gone down from 50.4% to 50%
Small Cap allocation has gone down from 14.1% to 12.8%
Cash allocation has gone up from 0.2% to 1.3%
Top 3 Sectors in March were Financial Services, Industrial & Consumer Cyclical
Mar'25
Financial Services
29%
Consumer Cyclical
13%
Industrial
13%
Feb'25
Financial Services
29%
Industrial
14%
Consumer Cyclical
12%
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Mirae Asset Large & Midcap Fund | 9.32% | 19.48% | 26.79% | 21.79% |
 Bank of India Large & Mid Cap Equity Fund Direct Growth | 3.43% | 18.3% | 23.91% | 13.93% |
 ICICI Prudential Large & Mid Cap Fund Direct Growth | 15.85% | 26.17% | 32.26% | 17.12% |
 Invesco India Large&MidCap Fund Direct Growth | 20.28% | 28.32% | 28.06% | 18.25% |
 HDFC Large and Mid Cap Fund Direct Growth | 10.97% | 25.2% | 31.48% | 14.08% |
 SBI Large & Midcap Fund Direct Growth | 11.34% | 19.22% | 27.99% | 17.11% |
 Motilal Oswal Large and Midcap Fund Direct Growth | 16.6% | 30.92% | 32.13% | 23.98% |
 Baroda BNP Paribas Large and Mid Cap Fund Direct Growth | 10.35% | 23.27% | - | 24.46% |
 Kotak Equity Opportunities Fund Direct Growth | 9.28% | 23.3% | 27.52% | 17.47% |
 Canara Robeco Emerging Equities Fund Direct Growth | 15.22% | 21.29% | 26.65% | 20.62% |
 Aditya Birla Sun Life Equity Advantage Fund Direct Growth | 9.53% | 16.84% | 22.73% | 15.38% |
Top Growth Drivers | 1M Return |
|---|---|
 Prestige Estates Projects Ltd | 6.9% |
 Axis Bank Ltd | 3.4% |
 HDFC Bank Ltd | 1.3% |
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Ankit Jain
Fund Manager of Mirae Asset Large & Midcap Fund Direct Growth, since 31 January 2019
Top funds managed
Neelesh Surana
Fund Manager of Mirae Asset Large & Midcap Fund Direct Growth, since 9 July 2010
Top funds managed
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.68L Cr
as on 31-Mar-2025
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
This fund has one of the lowest expense ratio in the category (large & mid-cap). Its expense ratio is 0.63% which is lower than the category average expense ratio of 1.22%.
In the last 1 year, Invesco India Large&MidCap Fund Direct Plan Growth has given 16.67% return, outperforming this fund by 10.71%.
In the last 5 years, ICICI Prudential Large & Mid Cap Fund Direct Plan Growth has given 31.66% return, outperforming this fund by 5.85% per annum.
Over the last 6 months, this fund has increased expense ratio by 6.8% moving from 0.59 to 0.63.
Over the last 6 months, this fund has experienced a 10.2% drop in AUM moving from 40.67K Cr to 36.50K Cr.
In the last 3 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 27.95% return, outperforming this fund by 11.33% per annum.
This fund with AUM at ₹36506.79Cr is among the largest funds in the large & mid-cap category.
Mirae Asset Large & Midcap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 21.79% since inception which is more than its category average return of 14.76%
Fund Allocations
This fund has an allocation of 98.68% in Equity, 0% in Debt and 1.32% in Cash related instruments
AUM size ₹36507 Cr
This fund has AUM of ₹36507 Cr which is more than its category average of ₹ 7671 Cr
Expense Ratio 0.63%
This fund has an expense ratio of 0.63% which is less than its category average expense ratio of 1.37%
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Frequently Asked Questions for Mirae Asset Large & Midcap Fund Direct Growth
The current NAV of Mirae Asset Large & Midcap Fund Direct Growth is ₹160.32 as on 12-May-2025.
Existing (Absolute + CAGR) as on 12-May-2025.
Mirae Asset Large & Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 8.69% | 8.69% |
6 Month Returns | -0.11% | -0.11% |
1 Year Returns | 9.32% | 9.32% |
3 Years Returns | 70.56% | 19.48% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.63% as on April 2025
₹36507 Cr as on April 2025
HDFC Bank Ltd(5.59%), Axis Bank Ltd(4.63%), State Bank of India(2.91%), ICICI Bank Ltd(2.69%), Larsen & Toubro Ltd(2.68%) as on April 2025
Financial Services(29.1%), Consumer Cyclical(12.88%), Industrial(12.46%) as on April 2025
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 | -1.22 | -1.73 | -0.65 |
As on April 2025
The alpha for Mirae Asset Large & Midcap Fund Direct Growth is calculated against Nifty LargeMidcap 250 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 | 1.03 | 0.94 | 0.95 |
As on April 2025
The Beta for Mirae Asset Large & Midcap Fund Direct Growth is calculated with Nifty LargeMidcap 250 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 | -0 | 0.61 | 1.22 |
As on April 2025
The sharpe ratio for Mirae Asset Large & Midcap Fund Direct Growth is calculated with Nifty LargeMidcap 250 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 | 17.85 | 14.69 | 14.67 |
As on April 2025
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 0.97 as on April 2025. 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%