Mirae Asset Large & Midcap Fund Direct Growth

Mirae Asset Large & Midcap Fund Direct Growth

Equity

Large & Mid-Cap

NAV as on 11-04-2025

₹ 147.5

▼-1%

1D

Inception Returns

20.9%

/yr

Historical NAV & Returns

Absolute
▲
▼

zero opening, trading, fund transfer fee
56663 people have invested ₹ 27.6Cr in Mirae Asset Large & Midcap Fund Direct Growth in the last three months

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

  1. Mirae Asset Large & Midcap Fund Direct Growth has ₹33678 Cr worth of assets under management (AUM) as on Mar 2025 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Mirae Asset Large & Midcap Fund Direct Growth has given a CAGR return of 20.95% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -2.26%, 10.67% and 24.62% respectively.

Holdings

Mirae Asset Large & Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Health, Basic Materials, Tech, Utilities, Communication, Consumer Defensive, Energy, Real Estate. 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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.

Mirae Asset Large & Midcap Fund Direct Growth Overview

Expense ratio0.63%
Benchmark
Nifty LargeMidcap 250 TR INR
AUM₹33678 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹99
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
29.01%
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

INDmoney Rank for Mirae Asset Large & Midcap Fund Direct Growth

Powered by IND quant engine
19
/21
38% Performance
39% Risk Management
73% Cost
19 out of 21 among large & mid-cap
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Larger AUM within category
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Beats FD returns for both 3Y & 5Y
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Has not generated consistent returns
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Does not beat the benchmark consistently
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3Y returns in the bottom 25% of the category

Trailing Returns

as on (11-Apr-25)

Period
Mirae Asset Large & Midcap Fund Direct Growth
NIFTY 500
large & mid-cap
1M
-1.1%
0.4%
-1.2%
3M
-8.7%
-6.6%
-10.5%
6M
-14.6%
-13.7%
-15%
1Y
-2.3%
-2.7%
0.4%
3Y
10.7%
9.9%
13%
5Y
24.6%
22.3%
24.6%

Fund Distribution

as on (31-Mar-25)

  • Equity 99.8%

  • Debt & Cash 0.2%

Large cap
50.4%
Mid cap
35.1%
Small cap
14.1%
Sector Allocation

Feb'25

Jan'25

Dec'24

Financial Services
29.3%
Industrial
13.5%
Consumer Cyclical
12.3%
Health
10.7%
Basic Materials
9.5%
Tech
8.4%
Utilities
4.2%
Communication
3.8%
Consumer Defensive
3.3%
Energy
3.2%
Real Estate
1.8%
All changes are between Jan'25 and Mar'25
Mar'25
Feb'25
Jan'25
Fund Returns
7.88%
-8.16%
-5.15%
NIFTY 500
7.25%
-7.88%
-4.01%
  • 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
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 33.7K Cr
₹ 38.3K Cr
₹ 38.7K Cr
  • AUM of the fund stands at 33.7K Cr as of Feb'25
  • AUM decreased by 4.7K Cr between Feb'25 and Jan'25
Large Cap allocation has gone up from 48.8% to 50.4%
Large Cap allocation has gone up from 48.8% to 50.4%
Small Cap allocation has gone down from 15.3% to 14.1%
Small Cap allocation has gone down from 15.3% to 14.1%
Mid Cap allocation has gone down from 35.3% to 35.1%
Mid Cap allocation has gone down from 35.3% to 35.1%
Cash allocation has gone down from 0.7% to 0.2%
Cash allocation has gone down from 0.7% to 0.2%

Top 3 Sectors in February were Financial Services, Industrial & Consumer Cyclical

Feb'25
Financial Services
29%
Industrial
14%
Consumer Cyclical
12%
Jan'25
Financial Services
28%
Industrial
14%
Consumer Cyclical
13%

  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
5.64%
10.7%
Axis Bank Ltd
Axis Bank Ltd
4.63%
0%
State Bank of India
State Bank of India
2.81%
-10.1%
Larsen & Toubro Ltd
Larsen & Toubro Ltd
2.63%
12.6%
ICICI Bank Ltd
ICICI Bank Ltd
2.4%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Mirae Asset Large & Midcap Fund Direct Growth
Mirae Asset Large & Midcap Fund Direct Growth
-2.26%
10.67%
24.62%
20.95%
Invesco India Large&MidCap Fund Direct Plan Growth
Invesco India Large&MidCap Fund Direct Plan Growth
9.21%
18.5%
25.38%
17.43%
DSP Equity Opportunities Fund Direct Plan Growth
DSP Equity Opportunities Fund Direct Plan Growth
7.24%
17.27%
26.39%
16.8%
ICICI Prudential Large & Mid Cap Fund Direct Plan Growth
ICICI Prudential Large & Mid Cap Fund Direct Plan Growth
6%
18.26%
30.28%
16.43%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
HDFC Bank Ltd
HDFC Bank Ltd
4.6%
Axis Bank Ltd
Axis Bank Ltd
2.5%
State Bank of India
State Bank of India
1.8%
Fund
Feb'25
Jan'25
Dec'24
No of Holdings
107
106
105
Top 5 Company Concentration
18.1%
16.7%
17%
Company having highest exposure
HDFC Bank Ltd (5.6%)
HDFC Bank Ltd (4.6%)
HDFC Bank Ltd (5.1%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
75.3%
74.8%
75.1%
Sector having highest exposure
Financial Services (29.3%)
Financial Services (28.5%)
Financial Services (28.2%)
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Ankit Jain
Ankit Jain
Fund Manager of Mirae Asset Large & Midcap Fund Direct Growth, since 31 January 2019
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Midcap Fund Direct Growth
13.32%
15.2%
Mirae Asset Large & Midcap Fund Direct Plan Growth
10.67%
13.01%
Mirae Asset Great Consumer Direct Plan Growth
16.21%
--
Neelesh Surana
Neelesh Surana
Fund Manager of Mirae Asset Large & Midcap Fund Direct Growth, since 9 July 2010
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset ELSS Tax Saver Fund -Direct Plan-Growth
11.42%
11.68%
Mirae Asset Large & Midcap Fund Direct Plan Growth
10.67%
13.01%
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
48
See all Mirae 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

Insights icon
In the last 3 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 20.47% return, outperforming this fund by 9.8% per annum.
Insights icon
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 1.26%.
Insights icon
In the last 5 years, ICICI Prudential Large & Mid Cap Fund Direct Plan Growth has given 30.28% return, outperforming this fund by 5.66% per annum.
Insights icon
In the last 1 year, Invesco India Large&MidCap Fund Direct Plan Growth has given 9.21% return, outperforming this fund by 11.47%.
Insights icon
Over the last 6 months, this fund has experienced a 16.2% drop in AUM moving from 40.20K Cr to 33.67K Cr.
Insights icon
Over the last 1 month, this fund has increased expense ratio by 5.0% moving from 0.60 to 0.63.

Mirae Asset Large & Midcap 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 20.95% since inception which is more than its category average return of 12.83%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.77% in Equity, 0% in Debt and 0.23% in Cash related instruments
AUM size ₹33678 Cr

AUM size ₹33678 Cr

This fund has AUM of ₹33678 Cr which is more than its category average of ₹ 7864 Cr
Expense Ratio 0.63%

Expense Ratio 0.63%

This fund has an expense ratio of 0.63% which is less than its category average expense ratio of 1.38%
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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 ₹147.5 as on 11-Apr-2025.
Existing (Absolute + CAGR) as on 11-Apr-2025.
Mirae Asset Large & Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-1.05%
-1.05%
6 Month Returns
-14.64%
-14.64%
1 Year Returns
-2.26%
-2.26%
3 Years Returns
35.54%
10.67%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.63% as on March 2025
₹33678 Cr as on March 2025
HDFC Bank Ltd(5.64%), Axis Bank Ltd(4.63%), State Bank of India(2.81%), Larsen & Toubro Ltd(2.63%), ICICI Bank Ltd(2.4%) as on March 2025
Financial Services(29.22%), Industrial(13.48%), Consumer Cyclical(12.25%) as on March 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
-1.95
-0.63
As on March 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
0.95
0.96
As on March 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
0.05
0.51
1.28
As on March 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
18.02
14.7
15.86
As on March 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 0.82 as on March 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%