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.

1. Mirae Asset Large & Midcap Fund Direct Growth has ₹39706 Cr worth of assets under management (AUM) as on Jul 2024 and is more than category average.
2. The fund has an expense ratio 0.6.
   

Mirae Asset Large & Midcap Fund Direct Growth has given a CAGR return of 23.98% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 39.19%, 17.94% and 26.25% respectively.

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

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.

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 for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Mirae Asset Large & Midcap Fund Direct Growth has no lock in period.