MIRAE ASSET
LARGE CAP FUND
(Large Cap Fund - An open ended equity scheme predominantly investing across large cap stocks) | Type of Scheme | Large Cap Fund - An open ended equity scheme predominantly investing across large cap stocks |
| Investment Objective | 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. |
Fund Managers** |
Mr. Gaurav Misra# (since January 31, 2019) |
| Allotment Date | 04th April, 2008 |
| Benchmark Index | NIFTY 100 Index (TRI) |
| Minimum Investment Amount |
₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
Monthly and Quarterly: Minimum of ₹ 500/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly / Quarterly option. |
| Load Structure | Entry load: NA Exit load: I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP - in) on or before completion of 365 days from the date of allotment of units: Nil. b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO): •If redeemed within 1 year (365 days) from the date of allotment: 1% •If redeemed after 1 year (365 days) from the date of allotment: NIL II. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out): •If redeemed within 1 year (365 days) from the date of allotment: 1% •If redeemed after 1 year (365 days) from the date of allotment: NIL |
| Plans Available | Regular Plan and Direct Plan |
| Options Available | Growth Option and IDCW Option (Payout & Re-investment) |
Monthly Average AUM (₹ Cr.) as on June 30, 2024 |
39,128.493 |
| Net AUM (₹ Cr.) | 39,951.46 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on June 30, 2024 |
Regular Plan: 1.52% Direct Plan: 0.53% |
| **For experience of Fund Managers Click Here | |
#Pursuant to notice cum addendum no. 17/2024, Fund Manager of the scheme has been changed with effect from April 03, 2024. Please visit the website for more details: https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum |
|
| NAV: | Direct | Regular |
| Growth | ₹ 118.418 | ₹ 106.131 |
| IDCW | ₹ 67.027 | ₹ 29.483 |
| New Position Bought |
| Stock |
| Construction |
| Kalpataru Projects International Limited |
| Finance |
| L&T Finance Limited |
| Power Finance Corporation Limited |
| Telecom - Services |
| Indus Towers Limited |
| Positions Increased |
| Stock |
| Aerospace & Defense |
| Bharat Electronics Limited |
| Chemicals & Petrochemicals |
| SRF Limited |
| Diversified Metals |
| Vedanta Limited |
| Industrial Products |
| R R Kabel Limited |
| Oil |
| Oil & Natural Gas Corporation Limited |
| Transport Services |
| InterGlobe Aviation Limited |
| Positions Decreased |
| Stock |
| Auto Components |
| Samvardhana Motherson International Limited |
| Automobiles |
| Eicher Motors Limited |
| Banks |
| Axis Bank Limited |
| HDFC Bank Limited |
| Kotak Mahindra Bank Limited |
| State Bank of India |
| Cement & Cement Products |
| Ambuja Cements Limited |
| UltraTech Cement Limited |
| Chemicals & Petrochemicals |
| Chemplast Sanmar Limited |
| Consumer Durables |
| Crompton Greaves Consumer Electricals Limited |
| Havells India Limited |
| Diversified FMCG |
| Hindustan Unilever Limited |
| Finance |
| Bajaj Finance Limited |
| Shriram Finance Limited |
| Industrial Products |
| Timken India Limited |
| IT - Software |
| HCL Technologies Limited |
| Wipro Limited |
| Leisure Services |
| Jubilant Foodworks Limited |
| Personal Products |
| Dabur India Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Pharmaceuticals & Biotechnology |
| Biocon Limited |
| Retailing |
| Avenue Supermarts Limited |
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Ltd |
10.10% |
ICICI Bank Ltd |
7.53% |
Axis Bank Ltd |
4.93% |
State Bank of India |
3.58% |
Kotak Mahindra Bank Ltd |
3.31% |
IT - Software |
|
Infosys Ltd |
6.47% |
Tata Consultancy Services Ltd |
2.00% |
HCL Technologies Limited |
1.61% |
Wipro Ltd |
1.11% |
LTIMindtree Limited |
0.76% |
Petroleum Products |
|
Reliance Industries Ltd |
7.06% |
Diversified FMCG |
|
ITC Ltd |
2.93% |
Hindustan Unilever Ltd |
2.16% |
Finance |
|
Shriram Finance Limited |
1.81% |
Bajaj Finance Limited |
1.33% |
Power Finance Corporation Ltd |
0.69% |
L&T Finance Limited |
0.59% |
SBI Cards and Payment Services Limited |
0.58% |
Telecom - Services |
|
Bharti Airtel Ltd |
3.60% |
Indus Towers Limited |
0.27% |
Bharti Hexacom Limited |
0.11% |
Pharmaceuticals & Biotechnology |
|
Sun Pharmaceutical Industries Ltd |
1.31% |
Gland Pharma Limited |
0.90% |
Aurobindo Pharma Ltd |
0.79% |
Biocon Ltd |
0.66% |
Cipla Limited |
0.19% |
Torrent Pharmaceuticals Ltd |
0.03% |
Construction |
|
Larsen & Toubro Ltd |
3.60% |
Kalpataru Projects International Limited |
0.14% |
Retailing |
|
FSN E-Commerce Ventures Limited |
1.39% |
Avenue Supermarts Limited |
1.01% |
Zomato Limited |
0.56% |
Automobiles |
|
Maruti Suzuki India Ltd |
1.95% |
Tata Motors Limited |
0.59% |
Eicher Motors Ltd |
0.40% |
Consumer Durables |
|
Crompton Greaves Consumer Electricals Limited |
0.96% |
Kajaria Ceramics Ltd |
0.94% |
Asian Paints Ltd |
0.39% |
Havells India Ltd |
0.01% |
Chemicals & Petrochemicals |
|
SRF Limited |
0.81% |
Pidilite Industries Limited |
0.50% |
Chemplast Sanmar Limited |
0.48% |
Vinati Organics Ltd |
0.43% |
Cement & Cement Products |
|
Ambuja Cements Limited |
1.38% |
Nuvoco Vistas Corporation Limited |
0.49% |
UltraTech Cement Limited |
0.26% |
Industrial Products |
|
Timken India Limited |
0.80% |
EPL Limited |
0.57% |
R R Kabel Limited |
0.38% |
Insurance |
|
SBI Life Insurance Company Limited |
0.90% |
Max Financial Services Ltd |
0.75% |
Power |
|
NTPC Ltd |
1.56% |
Healthcare Services |
|
Apollo Hospitals Enterprise Limited |
1.42% |
Ferrous Metals |
|
Tata Steel Ltd |
0.82% |
Jindal Steel & Power Limited |
0.39% |
Auto Components |
|
Sona BLW Precision Forgings Limited |
0.87% |
Samvardhana Motherson International Limited |
0.19% |
Balkrishna Industries Ltd |
0.00% |
Diversified Metals |
|
Vedanta Limited |
1.05% |
Fertilizers & Agrochemicals |
|
UPL Limited |
0.64% |
PI Industries Limited |
0.24% |
Capital Markets |
|
Indian Energy Exchange Ltd |
0.88% |
Personal Products |
|
Dabur India Ltd |
0.83% |
Oil |
|
Oil & Natural Gas Corporation Limited |
0.81% |
Financial Technology (Fintech) |
|
One 97 Communications Limited |
0.78% |
Leisure Services |
|
Jubilant Foodworks Limited |
0.62% |
Transport Services |
|
InterGlobe Aviation Limited |
0.58% |
Realty |
|
Macrotech Developers Limited |
0.51% |
Aerospace & Defense |
|
Bharat Electronics Ltd |
0.33% |
Equity Holding Total |
98.62% |
Cash & Other Receivables |
1.38% |
Total |
100.00% |
| Returns (in%) | |||||
| 1 Year | 3 Years | 5 years | Since inception | Value of 10000 invested Since Inception (in Rs.) | |
| Mirae Asset Large Cap Fund | 25.05% |
14.20% |
15.28% |
15.65% |
106,131 |
| Scheme Benchmark* | 32.39% |
17.46% |
17.38% |
12.61% |
68,866 |
| Additional Benchmark** | 23.69% |
16.07% |
16.36% |
12.14% |
64,382 |
| NAV as on 30th June, 2024 | ₹ 106.131 | ||||
| Index Value (30th June, 2024) | Index Value of Scheme benchmark is 33,839.51 and BSE Sensex (TRI) is 1,21,991.93 | ||||
| Allotment Date | 4th April, 2008 | ||||
| Scheme Benchmark | *NIFTY 100 Index (TRI) | ||||
| Additional Benchmark | **BSE Sensex (TRI)## | ||||
Fund managers : Mr. Gaurav Misra (since January 31, 2019).
Note: Returns for 1 year and below are absolute returns, Returns above 1 year are CAGR- Compounded Annualized Growth returns.
Latest available NAV has been taken for return calculation wherever applicable
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund managers are given in the respective page of the schemes 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option
| Period | Total Amount Invested | Mkt Value as on 30-June-2024 |
Since inception |
19,40,000 |
85,19,163 |
10 Years |
12,00,000 |
26,48,009 |
7 Years |
8,40,000 |
14,88,458 |
5 Years |
6,00,000 |
9,51,949 |
3 Years |
3,60,000 |
4,67,677 |
1 Year |
1,20,000 |
1,38,724 |
Returns (%) |
Period |
|||||
Since inception |
10 Years |
7 Years |
5 Years |
3 Years |
1 Year |
|
Fund Return& (%) |
16.47 |
15.14 |
16.08 |
18.57 |
17.84 |
30.63 |
Nifty 100 Index (TRI)& (%) |
14.88 |
16.17 |
18.28 |
21.58 |
21.90 |
38.49 |
BSE Sensex (TRI)& (%)## |
14.35 |
15.64 |
17.34 |
19.54 |
18.67 |
28.92 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 11.70% |
| Beta | 0.84 |
| R Squared | 0.95 |
| Sharpe Ratio#: | 0.63 |
| Information Ratio | -1.01 |
| Portfolio Turnover Ratio | 0.35 times |
@The Volatility, Beta, R Squared, Sharpe Ratio & Information Ratio are calculated on returns from last three years Monthly data points. # Risk free rate: FBIL OVERNIGHT MIBOR as on 30th June, 2024. ^Basis last rolling 12 months. |
|
This product is suitable for investors who are seeking*
• To generate long term capital appreciation / income
• Investment predominantly in Large Cap companies
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
| Regular Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
22-Mar-24 |
2.30 |
10.00 |
28.709 |
| Direct Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
22-Mar-24 |
5.30 |
10.00 |
65.175 |
Past Performance may or may not be sustained in future. Pursuant to payment of IDCW the NAV of the IDCW option of the scheme will fall to the extent of payout and statutory levy (if any). IDCW history is for Mirae Asset Large Cap Fund - Regular & Direct Plan - IDCW Option
##Change in name of additional benchmark with effect from June 01, 2024.