Mirae Asset Large & Midcap Fund Direct Growth
Equity
Direct
Large & Mid-Cap
NAV as on 19-11-2024
₹ 158.12
▲0.8%
1D
Inception Returns
22.6%
/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
- 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.
- The fund has an expense ratio 0.6.
Returns
Mirae Asset Large & Midcap Fund Direct Growth has given a CAGR return of 22.62% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 25.19%, 13.38% and 21.36% 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 benefitDividends 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
INDmoney Rank for Mirae Asset Large & Midcap Fund Direct Growth
Mirae Asset Large & Midcap Fund Direct Growth Overview
| Expense ratio | 0.61% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹38166 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 29.01% |
| STCG | Redeeming 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 |
Trailing Returns
as on (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
- 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
- AUM of the fund stands at 40.7K Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.32% | -2.9% | |
 Axis Bank Ltd | 4.06% | -5% | |
 State Bank of India | 3.47% | 0% | |
 Larsen & Toubro Ltd | 3.15% | 3.9% | |
 ICICI Bank Ltd | 2.27% | -16% |
Top Growth Drivers | 1M Return |
|---|---|
 One 97 Communications Ltd | 12.2% |
 Indian Bank | 2.1% |
Mutual Fund Insights
Mirae Asset Large & Midcap Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹38166 Cr
Expense Ratio 0.61%
Frequently Asked Questions for Mirae Asset Large & Midcap Fund Direct Growth
Mirae Asset Large & Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.25% | -6.25% |
6 Month Returns | 4.33% | 4.33% |
1 Year Returns | 25.19% | 25.19% |
3 Years Returns | 45.74% | 13.38% |
5 Years Returns | 163.24% | 21.36% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Large & Midcap Fund Direct Growth | -2.57 | -2.05 | 0.31 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Large & Midcap Fund Direct Growth | 0.99 | 0.92 | 0.95 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Large & Midcap Fund Direct Growth | 1.75 | 0.68 | 0.89 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Large & Midcap Fund Direct Growth | 13.94 | 13.3 | 18.94 |