Mirae Asset Large Cap Fund Direct Growth

Mirae Asset Large Cap Fund Direct Growth

Equity

Direct

Large-Cap

NAV as on 12-02-2025

₹ 115.14

▼-1.6%

1D

Inception Returns

16.1%

/yr

About Mirae Asset Large Cap Fund Direct Growth

Mirae Asset Large Cap Fund is a mutual fund scheme that invests primarily in large-cap stocks. Large Cap stocks have a market capitalization of above Rs 20,000 crore and include shares of SBI, Reliance, ITC and HDFC Bank among others.

The fund's primary task is to invest in large cap stocks to generate steady returns with comparatively lesser risk as the companies in the fund are steady firms in their respective sectors.

Mirae Asset Large Cap Fund is suitable for investors who are looking to invest in the equity markets for the long term. The fund has a proven track record of generating strong returns over the years and is a popular choice among investors who are seeking exposure to large-cap stocks in India.

Key Parameters

  1. Mirae Asset Large Cap Fund Direct Growth has ₹37845 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Mirae Asset Large Cap Fund Direct Growth has given a CAGR return of 16.13% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.87%, 10.54% and 14.78% respectively.

Holdings

Mirae Asset Large Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Industrial, Basic Materials, Consumer Defensive, Energy, Health, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Reliance Industries Ltd, Tata Consultancy Services Ltd

Taxation

As it is a large-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 Cap Fund Direct Growth

The investment objective of the scheme is to generate long term capital appreciation by capitalizing on potential investment opportunities by predominantly investing in equities of large cap companies.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 Cap Fund Direct Growth has no lock in period.

Historical NAV & Returns

Absolute
▲
▼

zero opening, trading, fund transfer fee
15078 people have invested ₹ 15.9Cr in Mirae Asset Large Cap Fund Direct Growth in the last three months

INDmoney Rank for Mirae Asset Large Cap Fund Direct Growth

Powered by IND quant engine
14
/19
26% Performance
46% Risk Management
88% Cost
14 out of 19 among large-cap
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Larger AUM within category
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Beats FD returns for both 3Y & 5Y
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3Y returns in the bottom 25% of the category

Mirae Asset Large Cap Fund Direct Growth Overview

Expense ratio0.59%
Benchmark
S&P BSE 100 India TR INR
AUM₹37845 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹99
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
16.5%
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 (12-Feb-25)

Period
Mirae Asset Large Cap Fund Direct Growth
Nifty 100
large-cap
1M
-2.1%
-2.3%
-2.6%
3M
-5.3%
-4.9%
-6.1%
6M
-5%
-7.4%
-7%
1Y
9.9%
6.7%
7.2%
3Y
10.5%
10.1%
11.9%
5Y
14.8%
13.8%
15%

Fund Distribution

as on (30-Nov-24)

  • Equity 99.4%

  • Debt & Cash 0.6%

Large cap
80.1%
Mid cap
11.8%
Small cap
7.3%
Sector Allocation

Dec'24

Nov'24

Oct'24

Financial Services
35.2%
Tech
14.2%
Consumer Cyclical
10.3%
Basic Materials
9.3%
Industrial
8.4%
Energy
5%
Consumer Defensive
5%
Health
4.4%
Communication
3.8%
Utilities
3.5%
Real Estate
0.9%
All changes are between Sep'24 and Nov'24
Nov'24
Oct'24
Sep'24
Fund Returns
0.75%
-6.22%
2.55%
Nifty 100
-0.52%
-6.79%
2.11%
  • This fund’s returns stands at 0.75% whereas the fund’s underlying benchmark Nifty 100 returns stands at -0.52% as on Nov'24
  • This fund outperformed Nifty 100 by 1.27% in Nov'24
Parameters
Dec'24
Nov'24
Oct'24
AUM
₹ 38.8K Cr
₹ 39.3K Cr
₹ 39.3K Cr
  • AUM of the fund stands at 38.8K Cr as of Dec'24
  • AUM decreased by 585 Cr between Dec'24 and Nov'24
Top Stocks sold last month
Tata Steel Ltd's allocation decreased from 5.26 % to 0.86 %
Tata Steel Ltd's allocation decreased from 5.26 % to 0.86 %
Eicher Motors Ltd's allocation decreased from 5.26 % to 0 %
Eicher Motors Ltd's allocation decreased from 5.26 % to 0 %
Large Cap allocation has gone up from 83.2% to 83.2%
Large Cap allocation has gone up from 83.2% to 83.2%
Small Cap allocation has gone up from 5.8% to 5.8%
Small Cap allocation has gone up from 5.8% to 5.8%
Mid Cap allocation has gone down from 9.9% to 9.7%
Mid Cap allocation has gone down from 9.9% to 9.7%
Cash allocation has gone up from 0.6% to 0.8%
Cash allocation has gone up from 0.6% to 0.8%

Top 3 Sectors in December were Financial Services, Tech & Consumer Cyclical

Dec'24
Financial Services
35%
Tech
14%
Consumer Cyclical
10%
Nov'24
Financial Services
36%
Tech
14%
Consumer Cyclical
10%

  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
9.63%
-1.3%
ICICI Bank Ltd
ICICI Bank Ltd
7.2%
-6.6%
Infosys Ltd
Infosys Ltd
6.32%
-5.7%
Reliance Industries Ltd
Reliance Industries Ltd
4.76%
-9.1%
Tata Consultancy Services Ltd
Tata Consultancy Services Ltd
3.88%
9.1%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Mirae Asset Large Cap Fund Direct Growth
Mirae Asset Large Cap Fund Direct Growth
9.87%
10.54%
14.78%
16.13%
DSP Top 100 Equity Fund Direct Plan Growth
DSP Top 100 Equity Fund Direct Plan Growth
16.14%
15.95%
14.59%
12.61%
SBI Bluechip Fund Direct Growth
SBI Bluechip Fund Direct Growth
10.54%
12.73%
15.98%
15.26%
Axis Bluechip Fund Direct Plan Growth
Axis Bluechip Fund Direct Plan Growth
10.23%
8.9%
12.31%
14.76%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Bajaj Finance Ltd
Bajaj Finance Ltd
15.9%
SRF Ltd
SRF Ltd
13.5%
Kotak Mahindra Bank Ltd
Kotak Mahindra Bank Ltd
12.8%
Fund
Nov'24
Oct'24
Sep'24
No of Holdings
83
83
79
Top 5 Company Concentration
31.5%
31.5%
31.7%
Company having highest exposure
HDFC Bank Ltd (9.8%)
HDFC Bank Ltd (9.8%)
HDFC Bank Ltd (9.2%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
78.2%
77.6%
77.4%
Sector having highest exposure
Financial Services (35.7%)
Financial Services (36.2%)
Financial Services (36.2%)
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Gaurav Misra
Gaurav Misra
Fund Manager of Mirae Asset Large Cap Fund Direct Growth, since 31 January 2019
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Large Cap Fund Direct Plan Growth
10.54%
11.93%
Mirae Asset Focused Fund Direct Growth
7.67%
12.93%
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
46
See all Mirae schemes
Total AUM
₹1.82L Cr
as on 29-Nov-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
In the last 3 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 18.37% return, outperforming this fund by 7.83% per annum.
Insights icon
Over the last 1 month, this fund has increased expense ratio by 11.3% moving from 0.53 to 0.59.
Insights icon
In the last 1 year, Motilal Oswal Large Cap Fund Direct Growth has given 27.59% return, outperforming this fund by 17.72%.
Insights icon
This fund expense ratio is slightly on the lower side within the category (large-cap). Its expense ratio is 0.59% which is lower than the category average expense ratio of 0.77%.
Insights icon
Over the last 3 months, this fund has experienced a 8.1% drop in AUM moving from 42.17K Cr to 38.75K Cr.
Insights icon
In the last 5 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 18.86% return, outperforming this fund by 4.08% per annum.

Mirae Asset Large Cap 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 16.13% since inception which is more than its category average return of 13.11%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.41% in Equity, 0% in Debt and 0.59% in Cash related instruments
AUM size ₹37845 Cr

AUM size ₹37845 Cr

This fund has AUM of ₹37845 Cr which is more than its category average of ₹ 9992 Cr
Expense Ratio 0.59%

Expense Ratio 0.59%

This fund has an expense ratio of 0.59% which is less than its category average expense ratio of 1.25%

Frequently Asked Questions for Mirae Asset Large Cap Fund Direct Growth

The current NAV of Mirae Asset Large Cap Fund Direct Growth is ₹115.14 as on 12-Feb-2025.
Existing (Absolute + CAGR) as on 12-Feb-2025.
Mirae Asset Large Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-2.12%
-2.12%
6 Month Returns
-4.98%
-4.98%
1 Year Returns
9.87%
9.87%
3 Years Returns
35.09%
10.54%
5 Years Returns
99.22%
14.78%
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0.59% as on January 2025
₹37845 Cr as on January 2025
HDFC Bank Ltd(9.63%), ICICI Bank Ltd(7.2%), Infosys Ltd(6.32%), Reliance Industries Ltd(4.76%), Tata Consultancy Services Ltd(3.88%) as on January 2025
Financial Services(34.36%), Tech(12.81%), Consumer Cyclical(9.86%) as on January 2025
The alpha ratio for the Mirae Asset Large Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Large Cap Fund Direct Growth
0.54
-0.39
-0.04
As on January 2025
The alpha for Mirae Asset Large Cap Fund Direct Growth is calculated against S&P BSE 100 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 Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Large Cap Fund Direct Growth
1
0.88
0.95
As on January 2025
The Beta for Mirae Asset Large Cap Fund Direct Growth is calculated with S&P BSE 100 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 Cap 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 Cap Fund Direct Growth
0.35
0.43
0.6
As on January 2025
The sharpe ratio for Mirae Asset Large Cap Fund Direct Growth is calculated with S&P BSE 100 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 Cap 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 Cap Fund Direct Growth
11.93
12.06
18.06
As on January 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 0.69 as on January 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Gaurav Misra is the fund manager of Mirae Asset Large Cap Fund Direct Growth
The Exit load of Mirae Asset Large Cap Fund Direct Growth is 1%