Mirae Asset Large Cap Fund (Growth) is recommended for investment within large cap mutual funds.
Large cap funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
No single fund can achieve what a plan can. Learn why
Historical NAV
₹ 79.202
NAV (Jan 21)
Fund Returns
Last 1Y
22.2%
Last 3Y
18.1%
Last 5Y
17%
Last 10Y
18%
Since Inception
16.2%
6 Month CAGR
10.9%
Scheme Information
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.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Mirae Asset Investment Managers (India) Private Limited manages assets worth 98,669 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 29 equity,36 debt and 9 hybrid funds.
Mirae Asset Large Cap Fund-Growth is an open-ended large-cap equity mutual fund scheme. It predominantly invests in equity and equity-related securities of large-cap companies. The fund aims to achieve long-term capital appreciation over the investment tenure. The fund was previously known as Mirae Asset India Opp Reg Gr. It aims to outperform the benchmark with risk lower than the benchmark. Mirae Asset Investment Managers (India) Private Limited manages the fund with the fund manager being Mr. Gaurav Misra and Mr. Harshad Borawake.
Mirae Asset Large Cap Fund-Growth Investment Objective
The investment objective of the Scheme is to generate capital appreciation from a portfolio of predominantly equity and equity-related securities falling under the category of large Cap companies. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The fund invests more than 80% of its assets in large-cap stocks of top 100 companies by market capitalization. It aims to combine the consistency of large caps with few conviction midcap ideas. The scheme tries to identify companies that have a sustainable competitive advantage – stocks that have strong pricing power and are sector leaders.
Mirae Asset Large Cap Fund-Growth Scheme Details
The scheme was launched on 4th April 2008 and it has been in existence for the past 13 years. It continues to provide inflation-beating growth of capital over the investment duration.
NAV and Returns– As of 22nd June 2021, the NAV of the fund is Rs 70.74. The risk-o-meter of the fund is very high risk. Mirae Asset Large Cap Fund-Growth is a 13-year-old fund and has delivered a return of 15.90% since its inception.
Minimum Investment– The fund requires a minimum SIP investment of Rs 1000 and a minimum lump sum investment of Rs 5000
Expense Ratio and Exit Load– The expense ratio for the fund is 1.60% which is similar to the expense ratio charged by other AMCs for similar funds. An exit load of 1% for units in excess of 10% of the investment for any redemption within 12 months. No exit load is charged if the redemption is done after 12 months.
Fund Manager– The fund is managed by Mr. Gaurav Misra and Mr. Harshad Borawake. Mr. Gaurav Misra is the Co-Head Equity at Mirae Asset Mutual Funds. He posses an experience of over 23 years in Equity Research and Fund Management. Mr. Harshad Borawake has been managing the fund since 1st May 2017 and posses over 14 years of experience in Equity Research and Analysis.
Other Details– No lock-in period for the scheme, you can redeem your investment anytime. The AUM of Mirae Asset Large Cap Fund-Growth as of 22nd June 2021 is Rs 25,722 cr. The fund benchmarks to IISL Nifty 100 TR INR. This fund is meant for investors with a minimum investment horizon of 10-15 years. Due to the asset class nature, expect volatility in your investments over the short term.
Last 1 Year Return(As of 22nd June 2021)
Last 3 Years Return (As of 22nd June 2021)
Last 5 Years Return(As of 22nd June 2021)
Last 10 Years Return(As of 22nd June 2021)
58.70%
14.20%
16.10%
15.80%
Mirae Asset Large Cap Fund-Growth Top Stock Holdings
The Mirae Asset Large Cap Fund-Growth has invested its assets majorly in the stocks of the following companies:
Company
Percentage of Holding (As of 22nd June 2021)
HDFC Bank Limited
9.50%
Infosys Limited
9.10%
ICICI Bank Limited
8.90%
Reliance Industries Limited SHS Dematerialised
8.60%
Axis Bank Limited
4.10%
Tata Consultancy Services Limited
4.10%
State Bank of India
3.20%
Bharti Airtel India
3.20%
Asset Allocation of Mirae Asset Large Cap Fund-Growth
The Mirae Asset Large Cap Fund-Growth has invested in the following sectors:
Sector
Percentage of Holding (As of 22nd June 2021)
Financial Services
35%
Technology
15%
Energy
11.10%
Consumer Defensive
8.20%
Consumer Cyclical
7.60%
Healthcare
6.50%
Industrial
6.40%
Mirae Asset Large Cap Fund-Growth Review
Scripbox recommends Mirae Asset Large Cap Fund-Growth for investment within large-cap mutual funds. Large-cap mutual funds provide inflation-beating growth over the long term. These funds are suitable for an investment objective of wealth creation and capital appreciation with an investment duration of 10-15 years or longer (minimum 5 years).
The fund has an extended history of 13 years for analysis. Track record is excellent.
With an AUM or relative size of Rs 25,722 cr, the fund is large in size with its category.
The scheme has performed well consistently over a period of time and the returns earned are similar to other funds in the same category of mutual funds.
How Scripbox Algorithmically Selects Mutual Funds?
Scripbox uses time-tested principles, historical data, and valid assumptions about asset classes. We combine them with a rigorous process to finalize which asset classes make the most sense for specific types of objectives, considering the time needed to achieve them.
Once we select an asset class, our algorithm goes to work to select the best financial products.
The algorithm scores financial products on multiple parameters, giving relevant weights to each of the listed parameters, such as:
Track record of the product – how long has it been around?
Assets under management – how big is it – for example, the size of a mutual fund
Liquidity – how easy is it to move in or out of the product?
Consistency of performance – how much have the returns fluctuated?
The risk associated with the product – what risks impact the product?
Quality of underlying assets – we assess how risky the underlying assets are – for example, by considering bond ratings in the case of debt funds
With such a scientific and detailed approach Scripbox ensures:
