Mirae Asset Large & Midcap Fund Direct Plan Growth
Equity
Direct
Large & Mid-Cap
NAV: ₹ 150.08 as on 16-05-2024
About the Fund
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 Plan Growth has ₹34974 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Fund Performance
51908 people have invested ₹ 17Cr in Mirae Asset Large & Midcap Fund Direct Plan Growth in the last three months
Overview
 | 0.61% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹34974 Cr |
 | 1 January, 2013 |
 | --/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 52.08% |
Mirae Asset Large & Midcap Fund Direct Plan Growth Distribution as on (30-Apr-24)
Size breakup
Large cap
50.6%
Mid cap
42.4%
Small cap
5.4%
Sector Allocation
Financial Services
28.1%
Consumer Cyclical
14.8%
Industrial
12%
Basic Materials
10.1%
Health
9%
Tech
6.6%
Energy
5.8%
Utilities
4.7%
Consumer Defensive
3.6%
Communication
3.4%
Real Estate
2%
Top Holdings of Mirae Asset Large & Midcap Fund Direct Plan Growth as on (30-Apr-24)
Equity Holdings88
Debt Holdings1
Gainers & Losers Returns for the month of Apr
Top Growth Drivers | 1M Return |
|---|---|
 Vedanta Ltd | 16.7% |
 Crompton Greaves Consumer Electricals Ltd | 14% |
 Axis Bank Ltd | 6.1% |
Monthly Changes Updates
All changes are between Feb'24 and Apr'24
Fund Performance
- This fund’s returns stands at 4.12% whereas the fund’s underlying benchmark NIFTY 500 returns stands at 2.46% as on Apr'24
- This fund outperformed NIFTY 500 by 1.65% in Apr'24
AUM Change
- AUM of the fund stands at 33.6K Cr as of Apr'24
- AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
Over the last 1 year, this fund has increased expense ratio by 19.6% moving from 0.51 to 0.61.
In the last 5 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 29.46% return, outperforming this fund by 6.88% per annum.
Over the last 6 months, this fund has experienced a 24.4% growth in AUM moving from 28.10K Cr to 34.97K Cr.
This fund has one of the lowest expense ratio in the category (large & mid-cap). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.22%.
In the last 3 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 30.3% return, outperforming this fund by 10.79% per annum.
In the last 1 year, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 65.62% return, outperforming this fund by 28.19%.
INDmoney Rank
Powered by IND quant engine
15
/21
51% Performance
38% Risk Management
72% Cost
15 out of 21 among large & mid-cap
Pros
Larger AUM within category
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Cons
Higher probablity of downside risk
3Y returns in the bottom 25% of the category
Peer Analysis
Fund Manager
Neelesh Surana
Fund Manager of Mirae Asset Large & Midcap Fund Direct Plan Growth, since 9 July 2010
Top funds managed
Ankit Jain
Fund Manager of Mirae Asset Large & Midcap Fund Direct Plan Growth, since 31 January 2019
Top funds managed
Mirae Asset Large & Midcap Fund Direct Plan Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 23.05% since inception which is more than its category average return of 16.13%
Fund Allocations
This fund has an allocation of 98.44% in Equity, 0% in Debt and 1.56% in Cash related instruments
AUM size ₹34974 Cr
This fund has AUM of ₹34974 Cr which is more than its category average of ₹ 6434 Cr
Expense Ratio 0.61%
This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.4%
Frequently Asked Questions
The current NAV of Mirae Asset Large & Midcap Fund Direct Plan Growth is ₹150.08 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Mirae Asset Large & Midcap Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.16% | 0.16% |
6 Month Returns | 19.03% | 19.03% |
1 Year Returns | 37.43% | 37.43% |
3 Years Returns | 70.68% | 19.51% |
5 Years Returns | 176.84% | 22.59% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
0.61% as on April 2024
₹34974 Cr as on April 2024
HDFC Bank Ltd(5.85%), Axis Bank Ltd(3.21%), Reliance Industries Ltd(3.18%), ICICI Bank Ltd(3.08%), Kotak Mahindra Bank Ltd(3.04%) as on April 2024
Financial Services(27.63%), Consumer Cyclical(14.55%), Industrial(11.78%) as on April 2024
The alpha ratio for the Mirae Asset Large & Midcap Fund Direct Plan Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Large & Midcap Fund Direct Plan Growth | -2.76 | -1.06 | 1.41 |
As on April 2024
The alpha for Mirae Asset Large & Midcap Fund Direct Plan Growth is calculated against S&P BSE 200 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 & Midcap Fund Direct Plan Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Large & Midcap Fund Direct Plan Growth | 0.97 | 0.9 | 0.94 |
As on April 2024
The Beta for Mirae Asset Large & Midcap Fund Direct Plan Growth is calculated with S&P BSE 200 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 & Midcap Fund Direct Plan 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 Plan Growth | 2.6 | 1.12 | 0.87 |
As on April 2024
The sharpe ratio for Mirae Asset Large & Midcap Fund Direct Plan Growth is calculated with S&P BSE 200 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 & Midcap Fund Direct Plan 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 Plan Growth | 10.8 | 12.44 | 18.72 |
As on April 2024
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 2.07 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Neelesh Surana, Ankit Jain are the fund managers of Mirae Asset Large & Midcap Fund Direct Plan Growth
The Exit load of Mirae Asset Large & Midcap Fund Direct Plan Growth is 1%