MIRAE ASSET
LARGE & MIDCAP FUND* (formerly known as Mirae Asset Emerging Bluechip Fund)
(Large & Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks) Type of Scheme |
Large & Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks |
Investment Objective |
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 |
Fund Managers** |
Mr. Neelesh Surana (since inception of the fund) and Mr. Ankit Jain (since January 31, 2019) |
Allotment Date |
09th July, 2010 |
Benchmark Index |
Nifty Large Midcap 250 Index (TRI) |
Minimum Investment Amount |
Fresh lumpsum subscription/switch-in to all the Plans & Options of Mirae Asset Large & Midcap Fund through any mode including Stock Exchange platform has been temporarily suspended with effect from October 25, 2016 |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
Fresh Registration through SIP shall be allowed for a maximum of up to ₹25,000/- through Monthly frequency cumulatively aggregated across all available SIP Dates of each month before the cut off time of 15:00 hours on any business day. SIP shall not be available through Quarterly frequency under the scheme and remains suspended. The limit of ₹25,000/- through SIP route (monthly frequency) shall be aggregated and applicable at primary holder PAN level for each new application received. For further details please refer to notice-cum-addendum no. 49/2023 Monthly and Quarterly: ₹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 |
36,862.039 |
| Net AUM ( ₹ Cr.) | 37,846.07 |
Monthly Total Expense Ratio (Including Statutory Levies) as on June 30, 2024 |
Regular Plan: 1.53% Direct Plan: 0.58% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 162.004 | ₹ 145.365 |
| IDCW | ₹ 88.658 | ₹ 52.147 |
| New Position Bought |
| Stock |
| Auto Components |
| Craftsman Automation Limited |
| Consumer Durables |
| Whirlpool of India Limited |
| Finance |
| L&T Finance Limited |
| Mahindra & Mahindra Financial Services Limited |
| IT - Software |
| MphasiS Limited |
| Positions Increased |
| Stock |
| Aerospace & Defense |
| Bharat Electronics Limited |
| Auto Components |
| Apollo Tyres Limited |
| Automobiles |
| Maruti Suzuki India Limited |
| Tata Motors Limited |
| Banks |
| Axis Bank Limited |
| State Bank of India |
| Construction |
| Larsen & Toubro Limited |
| Consumable Fuels |
| Coal India Limited |
| Consumer Durables |
| Century Plyboards (India) Limited |
| Diversified FMCG |
| Hindustan Unilever Limited |
| Diversified Metals |
| Vedanta Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Healthcare Services |
| Apollo Hospitals Enterprise Limited |
| Insurance |
| Go Digit General Insurance Limited |
| ICICI Prudential Life Insurance Company Limited |
| IT - Software |
| Wipro Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Pharmaceuticals & Biotechnology |
| Dr. Reddy's Laboratories Limited |
| Gland Pharma Limited |
| Laurus Labs Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Indus Towers Limited |
| Transport Services |
| InterGlobe Aviation Limited |
| Positions Decreased |
| Stock |
| Auto Components |
| Bharat Forge Limited |
| Automobiles |
| Eicher Motors Limited |
| Banks |
| ICICI Bank Limited |
| Kotak Mahindra Bank Limited |
| Capital Markets |
| HDFC Asset Management Company Limited |
| Cement & Cement Products |
| JK Cement Limited |
| Consumer Durables |
| Crompton Greaves Consumer Electricals Limited |
| Titan Company Limited |
| Diversified FMCG |
| ITC Limited |
| Finance |
| LIC Housing Finance Limited |
| Financial Technology (Fintech) |
| PB Fintech Limited |
| Healthcare Services |
| Fortis Healthcare Limited |
| Industrial Products |
| SKF India Limited |
| IT - Software |
| HCL Technologies Limited |
| Leisure Services |
| Jubilant Foodworks Limited |
| Minerals & Mining |
| NMDC Limited |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Personal Products |
| Dabur India Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Pharmaceuticals & Biotechnology |
| Aurobindo Pharma Limited |
| Divi's Laboratories Limited |
| Sun Pharmaceutical Industries Limited |
| Realty |
| Prestige Estates Projects Limited |
| Retailing |
| Zomato Limited |
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Ltd |
5.88% |
Axis Bank Ltd |
3.77% |
ICICI Bank Ltd |
2.53% |
State Bank of India |
2.41% |
Kotak Mahindra Bank Ltd |
2.40% |
Indian Bank |
1.37% |
The Federal Bank Limited |
1.01% |
Pharmaceuticals & Biotechnology |
|
Gland Pharma Limited |
1.62% |
Dr. Reddy's Laboratories Ltd |
1.44% |
Aurobindo Pharma Ltd |
1.43% |
Lupin Limited |
1.42% |
Laurus Labs Limited |
1.27% |
Divi's Laboratories Ltd |
0.20% |
Sun Pharmaceutical Industries Ltd |
0.02% |
IT - Software |
|
Infosys Ltd |
1.92% |
Wipro Ltd |
1.79% |
Tata Consultancy Services Ltd |
1.43% |
HCL Technologies Limited |
0.97% |
MphasiS Limited |
0.77% |
Auto Components |
|
Bharat Forge Limited |
1.89% |
CEAT Limited |
1.15% |
Motherson Sumi Wiring India Limited |
1.06% |
Apollo Tyres Limited |
0.75% |
Sona BLW Precision Forgings Limited |
0.30% |
Craftsman Automation Limited |
0.27% |
Transport Services |
|
Delhivery Limited |
1.61% |
InterGlobe Aviation Limited |
1.43% |
Container Corporation of India Limited |
0.80% |
Gateway Distriparks Limited |
0.68% |
Consumer Durables |
|
Crompton Greaves Consumer Electricals Limited |
1.45% |
Bata India Limited |
1.24% |
Kajaria Ceramics Ltd |
0.79% |
Whirlpool of India Limited |
0.53% |
Century Plyboards (India) Limited |
0.35% |
Titan Company Ltd |
0.01% |
Telecom - Services |
|
Indus Towers Limited |
1.58% |
Bharti Airtel Ltd |
1.49% |
Tata Communications Limited |
1.26% |
Industrial Products |
|
SKF India Limited |
1.46% |
Cummins India Limited |
0.90% |
Prince Pipes And Fittings Limited |
0.80% |
Timken India Limited |
0.49% |
Petroleum Products |
|
Reliance Industries Ltd |
2.61% |
Hindustan Petroleum Corporation Ltd |
0.78% |
Automobiles |
|
Tata Motors Limited |
2.11% |
Maruti Suzuki India Ltd |
0.59% |
Eicher Motors Ltd |
0.58% |
Mahindra & Mahindra Limited |
0.06% |
Construction |
|
Larsen & Toubro Ltd |
2.99% |
Cement & Cement Products |
|
ACC Limited |
1.53% |
Grasim Industries Ltd |
0.95% |
JK Cement Limited |
0.36% |
Healthcare Services |
|
Apollo Hospitals Enterprise Limited |
1.22% |
Fortis Healthcare Limited |
1.19% |
Finance |
|
LIC Housing Finance Limited |
1.24% |
L&T Finance Limited |
0.59% |
Mahindra & Mahindra Financial Services Limited |
0.33% |
Power |
|
NTPC Ltd |
2.08% |
Chemicals & Petrochemicals |
|
SRF Limited |
1.01% |
Chemplast Sanmar Limited |
0.52% |
Deepak Nitrite Limited |
0.49% |
Realty |
|
Prestige Estates Projects Limited |
1.99% |
Retailing |
|
FSN E-Commerce Ventures Limited |
1.39% |
Zomato Limited |
0.50% |
Ferrous Metals |
|
Tata Steel Ltd |
1.86% |
Gas |
|
Gujarat State Petronet Limited |
0.87% |
GAIL (India) Limited |
0.77% |
Capital Markets |
|
HDFC Asset Management Company Limited |
1.58% |
Fertilizers & Agrochemicals |
|
Bayer Cropscience Limited |
1.41% |
UPL Limited |
0.17% |
Diversified FMCG |
|
ITC Ltd |
1.00% |
Hindustan Unilever Ltd |
0.56% |
Insurance |
|
ICICI Prudential Life Insurance Company Limited |
1.08% |
Go Digit General Insurance Limited |
0.45% |
Diversified Metals |
|
Vedanta Limited |
1.32% |
Textiles & Apparels |
|
Page Industries Ltd |
1.06% |
Financial Technology (Fintech) |
|
One 97 Communications Limited |
0.51% |
PB Fintech Limited |
0.45% |
Consumable Fuels |
|
Coal India Ltd |
0.95% |
Oil |
|
Oil & Natural Gas Corporation Limited |
0.81% |
Aerospace & Defense |
|
Bharat Electronics Ltd |
0.68% |
Leisure Services |
|
Jubilant Foodworks Limited |
0.54% |
Minerals & Mining |
|
NMDC Limited |
0.49% |
Beverages |
|
United Spirits Limited |
0.34% |
Agricultural, Commercial & Construction Vehicles |
|
Escorts Kubota Limited |
0.26% |
Personal Products |
|
Dabur India Ltd |
0.22% |
Non - Ferrous Metals |
|
Hindalco Industries Limited |
0.01% |
Equity Holding Total |
98.43% |
Cash & Other Receivables |
1.57% |
Total |
100.00% |
| Returns (in%) | |||||
| 1 Year | 3 Years | 5 years | Since inception | Value of 10000 invested Since Inception (in Rs.) | |
| Mirae Asset Large & Midcap Fund | 39.17% |
18.34% |
21.83% |
21.09% |
145,365 |
| Scheme Benchmark* | 44.17% |
22.74% |
22.68% |
15.30% |
73,227 |
| Additional Benchmark** | 23.69% |
16.07% |
16.36% |
12.74% |
53,517 |
| NAV as on 30th June, 2024 | ₹ 145.365 | ||||
| Index Value (30th June, 2024) | Index Value of Scheme benchmark is 20,194.59 and BSE Sensex (TRI) is 1,21,991.93 | ||||
| Allotment Date | 9th July, 2010 | ||||
| Scheme Benchmark | *Nifty Large Midcap 250 Index (TRI) | ||||
| Additional Benchmark | **BSE Sensex (TRI)## | ||||
Fund managers : Mr. Neelesh Surana managing the scheme since 9th July, 2010 & Mr. Ankit Jain since 31st January, 2019 respectively.
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 |
16,70,000 |
91,20,308 |
10 Years |
12,00,000 |
34,94,263 |
7 Years |
8,40,000 |
18,12,196 |
5 Years |
6,00,000 |
11,11,952 |
3 Years |
3,60,000 |
5,12,587 |
1 Year |
1,20,000 |
1,45,176 |
Returns (%) |
Period |
|||||
Since inception |
10 Years |
7 Years |
5 Years |
3 Years |
1 Year |
|
Fund Return& (%) |
22.07 |
20.29 |
21.62 |
25.01 |
24.47 |
41.74 |
Nifty Large Midcap 250 Index (TRI)& (%) |
18.38 |
19.64 |
22.85 |
28.21 |
29.20 |
47.83 |
BSE Sensex (TRI)& (%)## |
14.66 |
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 | 12.52% |
| Beta: | 0.88 |
| R Squared | 0.95 |
| Sharpe Ratio#: | 0.92 |
| Information Ratio | -1.45 |
| Portfolio Turnover Ratio | 0.80 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*
• Long term capital appreciation
• Large & Midcap fund investing atleast 35% in largecap stocks & atleast 35% in midcap stocks
*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) |
07-Feb-23 |
3.50 |
10.00 |
40.450 |
28-Jul-23 |
3.50 |
10.00 |
41.930 |
| Direct Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
07-Feb-23 |
6.00 |
10.00 |
67.910 |
28-Jul-23 |
5.80 |
10.00 |
70.570 |
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 & Midcap Fund - Regular & Direct Plan - IDCW Option