February 23, 2024
mayank
Mirae Asset Large Cap Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 106.8740
NAV IDCW: Rs 65.8210
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns of fixed income options. But be prepared for ups and downs in your investment value along the way.
This is a fund that invests in big companies. Compared to those that invest in smaller companies, such funds tend to fall less when stock prices fall. Therefore, they are more suited to conservative equity investors.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme aims to maximize long term capital appreciation by finding investment opportunities resulting from Indian economic growth and its structural shifts through investing in equity and equity related securities.
Fund Manager:
1) Gaurav Khandelwal
Education : Mr. Khandelwal is a CA and CFA
Experience : Prior to joining Mirae Asset Investment Managers (India) he has worked with Edelweiss Securities Ltd., Ambit Capital Private Limited, Emkay Global Private Limited, CRISIL Limited and ICICI Bank.
2) Gaurav Misra
Education : Mr. Misra has done BA ECO (HONS) and MBA, IIM Lucknow
Experience : Mr. Misra has over 24 years of experience in investment management and equity research functions. Prior to joining Mirae Asset Mutual Fund, he has worked as Senior Portfolio Manager with ASK Investment Managers Limited.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 365 days |
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 16.86% |
| Benchmark | NIFTY 100 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 37,904 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.54% |
| (As on 31-Jan-2024) | |
| Risk Grade | Below Average |
| Return Grade | Average |
| Turnover | 23.00% |
Trailing Returns (%) of Mirae Asset Large Cap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Large Cap Dir | 1.47 | 0.49 | 1.60 | 9.27 | 11.64 | 24.71 | 14.89 | 16.44 | 15.04 | 17.93 |
| S&P BSE 100 TRI | 3.52 | 0.81 | 3.67 | 13.81 | 17.08 | 31.95 | 17.51 | 17.66 | 15.55 | 15.75 |
| Equity: Large Cap | 5.56 | 0.87 | 4.60 | 16.95 | 21.88 | 39.42 | 17.88 | 17.56 | 14.92 | 15.68 |
| Rank within category | 87 | 97 | 97 | 97 | 94 | 86 | 52 | 33 | 18 | 3 |
| Number of funds in category | 98 | 101 | 98 | 98 | 96 | 93 | 61 | 52 | 43 | 43 |
Peer Comparison of Mirae Asset Large Cap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Mirae Asset Large Cap Dir | 4 star | 24.71 | 14.89 | 16.44 | 0.54 | 37,904 | 16.86 | 1.00 (365) | 11Y 1M | 23.00 |
| ICICI Pru Bluechip Dir | 5 star | 39.48 | 21.37 | 19.80 | 0.92 | 49,838 | 16.56 | 1.00 (365) | 11Y 1M | 23.00 |
| SBI Bluechip Dir | 4 star | 25.18 | 15.34 | 17.64 | 0.86 | 43,273 | 15.73 | 1.00 (365) | 11Y 1M | 20.00 |
| HDFC Top 100 Dir | 4 star | 37.99 | 21.10 | 18.10 | 1.08 | 30,980 | 15.02 | 1.00 (365) | 11Y 1M | 18.00 |
| ABSL Frontline Equity Dir | 4 star | 32.38 | 17.68 | 17.25 | 1.01 | 26,046 | 15.28 | 1.00 (90) | 11Y 1M | 32.00 |
Portfolio Analysis of Mirae Asset Large Cap Fund
| No. of Stocks | 62 |
| Top 10 Stocks | 55.55% |
| Top 5 Stocks | 38.23% |
| Top 3 Sectors | 55.81% |
| Portfolio P/B Ratio | 3.74 |
| Portfolio P/E Ratio | 25.80 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,21,328 | 3,33,874 |
| Giant (%) | 74.64 | 68.10 |
| Large (%) | 9.26 | 27.32 |
| Mid (%) | 14.93 | 5.20 |
| Small (%) | 1.17 | 1.93 |
| Tiny (%) | — | — |
How to Invest in Mirae Asset Large Cap Fund?
Chanakya’s Mutual Fund Guidance For Mirae Asset Large Cap Fund
Do not invest in this, or any other large-cap fund, if you need to redeem your investment in less than five years.
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