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  • Mirae Asset Large Cap Fund (Growth)

Formerly Mirae Asset India Opp Reg Gr

Mirae Asset Large Cap Fund (Growth)

Mirae Asset Large Cap Fund (Growth)

EquityLarge Cap

Recommended

Top Ranked

73.935

NAV (Aug 03)

15.8%
5 Year CAGR
Scripbox Opinion

Recommended

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).

Our analysis of this fundLearn how we rate funds ->

Track Record

13 Years. The Fund has Sufficient history for analysis and the track record is good.

Relative Size

26,747 Cr. Category leader in size

Category View

Superior. The category has a superior investment outlook

Consistency Of Performance

Good. The historical performance of the fund has been good

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    Historical growth rate of 12% per annum
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    Recommended Duration > 5 years
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    No Lock-in
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    Grow Wealth , Retirement , Kid's Education

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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.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

risk-indicator-arrow.svg

Very High Risk

Expense Ratio
1.59 %
Launched (13y ago)
Apr 04, 2008
AUM in Crores
₹ 26,747
ISIN
INF769K01010
Lock-in
No Lock-in
Benchmark
IISL Nifty 100 TR INR
SIP Minimum
₹ 1,000
Lumpsum Min.
₹ 5,000
Fund Managers
user-avatar

Gaurav Misra

Fund Manager

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Harshad Borawake

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
EPF70% ₹ 900,761 ₹ 168,1498.50%
Property70% ₹ 867,662 ₹ 135,0507.00%
PPF70% ₹ 869,819 ₹ 137,2077.10%
Bank FD70% ₹ 846,471 ₹ 113,8596.00%
Gold70% ₹ 846,471 ₹ 113,8596.00%
Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

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.

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Build Long Term Wealth

Invest in a scientifically curated set of equity mutual funds which are best aligned towards achieving any long term objectives you have.

  • Inflation beating returns
    Inflation beating returns
  • Grow Wealth , Retirement , Kid's Education
    Grow Wealth , Retirement , Kid's Education
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Equity Funds

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17 Years

Age

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Track Record

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16 Years

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UTI Nifty Index Fund (G)

UTI Nifty Index Fund (G)

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HDFC Index Nifty 50 fund (G)

HDFC Index Nifty 50 fund (G)

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19 Years

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Kotak Bluechip fund (G)

Kotak Bluechip fund (G)

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Top Ranked

23 Years

Age

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Track Record

amc-icon

About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 83,283 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.

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  • tel-amc-about
    022-67800300
  • mail-amc-about
    customercare@miraeasset.com
  • Mirae Asset Tax Saver Fund (G)

    Mirae Asset Tax Saver Fund (G)

    Tax Saving

    Recommended

    Top Ranked

    ₹ 8,337 Cr

    Fund Size

    21.00%

    5 Year CAGR

    5 Y CAGR

    Mirae Asset Large Cap Fund (G)

    Mirae Asset Large Cap Fund (G)

    Large Cap

    Recommended

    Top Ranked

    ₹ 26,746 Cr

    Fund Size

    15.80%

    5 Year CAGR

    5 Y CAGR

    Mirae Asset Tax Saver Fund of Income Distribution cum capital withdrawal (PIDCW-A)

    Mirae Asset Tax Saver Fund of Income Distribution cum capital withdrawal (PIDCW-A)

    Tax Saving

    Top Ranked

    ₹ 8,337 Cr

    Fund Size

    20.50%

    5 Year CAGR

    5 Y CAGR

    Mirae Asset Large Cap Fund of Income Distribution cum capital withdrawal (PIDCW-A)

    Mirae Asset Large Cap Fund of Income Distribution cum capital withdrawal (PIDCW-A)

    Large Cap

    Top Ranked

    ₹ 26,746 Cr

    Fund Size

    15.00%

    5 Year CAGR

    5 Y CAGR

    Mirae Asset Large Cap Fund of Income Distribution cum capital withdrawal (RIDCW-A)

    Mirae Asset Large Cap Fund of Income Distribution cum capital withdrawal (RIDCW-A)

    Large Cap

    Top Ranked

    ₹ 26,746 Cr

    Fund Size

    15.00%

    5 Year CAGR

    5 Y CAGR

    growth

    Build Long Term Wealth

    Invest in a scientifically curated set of equity mutual funds which are best aligned towards achieving any long term objectives you have.

    • graph-icon-gray
      Historical growth rate of 12% per annum
    • graph-icon-gray
      Recommended Duration > 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Grow Wealth , Retirement , Kid's Education
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Parag Parikh Flexi Cap fund (Growth)

    Parag Parikh Flexi Cap fund (Growth)

    Equity

    Diversified

    Mirae Asset Large Cap Fund (Growth)

    Mirae Asset Large Cap Fund (Growth)

    Equity

    Large Cap

    Axis Bluechip Fund (Growth)

    Axis Bluechip Fund (Growth)

    Equity

    Large Cap

    Invesco India Growth Opportunities Fund (Growth)

    Invesco India Growth Opportunities Fund (Growth)

    Equity

    Diversified

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    3,600+

    AUM

    2,500+

    Cities

    2012

    Established

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Impact of Interest Rates

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt 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:

    CompanyPercentage of Holding (As of 22nd June 2021)
    HDFC Bank Limited9.50%
    Infosys Limited9.10%
    ICICI Bank Limited8.90%
    Reliance Industries Limited SHS Dematerialised8.60%
    Axis Bank Limited4.10%
    Tata Consultancy Services Limited4.10%
    State Bank of India3.20%
    Bharti Airtel India3.20%

    Asset Allocation of Mirae Asset Large Cap Fund-Growth

    The Mirae Asset Large Cap Fund-Growth has invested in the following  sectors:

    SectorPercentage of Holding (As of 22nd June 2021)
    Financial Services35%
    Technology15%
    Energy11.10%
    Consumer Defensive8.20%
    Consumer Cyclical7.60%
    Healthcare6.50%
    Industrial6.40%

    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).

    1. The fund has an extended history of 13 years for analysis. Track record is excellent.
    2. With an AUM or relative size of Rs 25,722 cr, the fund is large in size with its category.
    3. 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:

    • Bias free product selection – commissions don’t sway our decisions
    • Minimal human intervention and thus minimal impact of emotions and behavioral biases
    • Consideration of the maximum number of factors that can impact an investment product
    • Application of logic to investment product selection 

    Our investment product selection science helps us help you, without biases clouding the evaluation.

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