Mirae Asset Large Cap Fund Direct Growth
Equity
Direct
Large-Cap
NAV as on 02-12-2024
₹ 122.65
▲0.5%
1D
Inception Returns
17%
/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
- Mirae Asset Large Cap Fund Direct Growth has ₹39337 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 Cap Fund Direct Growth has given a CAGR return of 17.04% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 22.57%, 12.95% and 16.46% respectively.
Holdings
Mirae Asset Large Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Basic Materials, Industrial, Consumer Defensive, Energy, Health, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Axis Bank Ltd, Larsen & Toubro 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 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 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
INDmoney Rank for Mirae Asset Large Cap Fund Direct Growth
Mirae Asset Large Cap Fund Direct Growth Overview
| Expense ratio | 0.55% |
Benchmark | S&P BSE 100 India TR INR |
| AUM | ₹39337 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 16.5% |
| 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 (02-Dec-24)
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -6.22% whereas the fund’s underlying benchmark Nifty 100 returns stands at -6.79% as on Oct'24
- This fund outperformed Nifty 100 by 0.57% in Oct'24
- AUM of the fund stands at 39.3K Cr as of Oct'24
- AUM decreased by 2.8K Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Tech & Consumer Cyclical
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.78% | -1.3% | |
 ICICI Bank Ltd | 7.33% | -6.6% | |
 Infosys Ltd | 5.89% | -5.7% | |
 Axis Bank Ltd | 4.4% | -1% | |
 Larsen & Toubro Ltd | 4.09% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 Tata Consultancy Services Ltd | 7.9% |
 Infosys Ltd | 6.6% |
 HDFC Bank Ltd | 5.3% |
Mutual Fund Insights
Mirae Asset Large Cap Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹39337 Cr
Expense Ratio 0.55%
Frequently Asked Questions for Mirae Asset Large Cap Fund Direct Growth
Mirae Asset Large Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.29% | 1.29% |
6 Month Returns | 11.16% | 11.16% |
1 Year Returns | 22.57% | 22.57% |
3 Years Returns | 44.11% | 12.95% |
5 Years Returns | 114.22% | 16.46% |
- 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 Cap Fund Direct Growth | -0.38 | 0.01 | 0.06 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Large Cap Fund Direct Growth | 0.89 | 0.88 | 0.95 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Large Cap Fund Direct Growth | 1.22 | 0.62 | 0.65 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Large Cap Fund Direct Growth | 11.94 | 11.88 | 17.97 |