Mirae Asset Large Cap Fund

Mirae Asset Large Cap Fund (Mirae Asset India Opportunities Fund) – Regular (Growth) Plan is an open-ended large-cap equity scheme from Mirae Asset Mutual Fund House. This fund was launched on April 04, 2008. Its current AUM is ₹32,980.67 crore. Gaurav Khandelwal and Gaurav Mishra manage Mirae Asset Large Cap Fund.

Mirae assets large cap fund key highlight

1. Current NAV: The Current NAV of the Mirae Asset Large Cap Fund – Regular Plan as of Nov 04, 2022, is Rs 80.08 for its Regular plan Growth option.

2. Returns: Its trailing returns over various periods are: -7.09% (1 year), 15.19% (3 years), 10.77% (5 years), and 15.01% (after inception). Whereas, the category returns for the same period are: -5.36% (1 year), 15.29% (3 years), and 10.82% (5 years).

3. Fund Size: The Mirae Asset Large Cap Fund – Regular Plan currently has Rs 32980.67 crores in Assets under Management as of September 30, 2022.

4. Expense ratio: Fund’s expense ratio is 1.58% for the Regular plan as on Aug 31, 2022.

5. Exit Load: Mirae Asset Large Cap Fund – Regular Plan (Mirae Asset India Opportunities Fund-Regular (Growth)) will attract an Exit Load of 1% if redeemed within 1 year.

6. Minimum Investment: Minimum investment amount required is Rs 5000 and the amount of minimum additional investment is Rs 1000. The lowest amount to start a SIP investment is Rs 1000.

Investment purpose & Benchmark

1. The investment goal of the fund is to enhance long-term capital appreciation by seeking investment opportunities in equity and equity-related securities due to Indian economic growth and its structural changes.”

2. It is benchmarked against the NIFTY 100 Total Return Index.

Asset allocation & Portfolio Composition

(1) The fund’s asset allocation consists of approximately 99.47% equities, 0.0% debt, and 0.52% cash and cash equivalents.

(2) While the top 10 equity holdings account for around 52.88% of the assets, the top 3 sectors account for around 53.85%.

(3) The fund largely follows a Growth-oriented style of investing and invests across market capitalizations – around 0.0% in giant & large-cap stocks, 0.0% in mid-cap stocks, and 0.0% in small-cap stocks.

Concentration & Valuation Analysis

 September 2022August 2022July 2022June 2022May 2022April 2022
No. of Holdings606265656565
Top 5 Companies36.84%38.06%37.71%37.54%37.32%37.2%
Top 10 Companies52.88%53.36%52.96%53.38%52.46%52.77%
Company with Greatest ExposureHDFC Bank (9.72%)HDFC Bank (9.83%)ICICI Bank (9.51%)HDFC Bank (9.53%)HDFC Bank (9.27%)HDFC Bank (9.12%)
No. of Sectors151515151515
Top 3 Sector53.85%55.22%55.58%55.56%55.35%55.48%
Top 5 Sector67.97%68.38%68.87%69.53%69.0%68.79%
Sector with Greatest ExposureFinancial (32.93%)Financial (33.28%)Financial (33.12%)Financial (32.09%)Financial (32.15%)Financial (31.7%)

Returns (NAV as of 04th November 2022)

Period Invested for₹10000 Invested onLatest ValueAbsolute ReturnsAnnualized ReturnsCategory AvgRank within Category
1 Week28-Oct-2210090.600.91%1.36%28/31
1 Month04-Oct-2210324.903.25%3.87%24/31
3 Month04-Aug-2210352.403.52%4.36%23/30
6 Month04-May-2210810.708.11%9.39%23/30
YTD31-Dec-2110158.301.58%4.25%22/30
1 Year03-Nov-219933.10-0.67%-0.67%-0.29%19/30
2 Year04-Nov-2014913.8049.14%22.12%22.69%15/28
3 Year04-Nov-1915015.3050.15%14.50%14.33%14/27
5 Year03-Nov-1716891.0068.91%11.04%10.43%10/26
10 Year02-Nov-1245214.60352.15%16.27%13.18%1/25
Since Inception04-Apr-0880075.00700.75%15.32%13.66%11/31

SIP Returns (NAV as of 04th November 2022)

Period Invested for₹1000 SIP Started onInvestmentsLatest ValueAbsolute ReturnsAnnualized Returns
1 Year03-Nov-211200012527.144.39 %8.2 %
2 Year04-Nov-202400026868.9311.95 %11.24 %
3 Year04-Nov-193600046483.5629.12 %17.3 %
5 Year03-Nov-176000086340.7243.9 %14.52 %
10 Year02-Nov-12120000264950.38120.79 %15.13 %

Top Sectors

SectorHoldings (%)
Bank – PrivateIT – SoftwareRefineriesPharmaceuticals & DrugsTelecommunication – Service ProviderBank – PublicHousehold & Personal ProductsFinance – NBFCAutomobiles – Passenger CarsPower Generation/Distribution23.8611.777.416.953.963.842.922.722.612.53

Tax Implications

1. If the units are redeemed within 1 year of investment, the gains are taxed at the rate of 15% (Short-Term Capital Gains Tax – STCG).

2. For units redeemed after 12 months of investment, gains of up to Rs. 1 lac accruing from those units in a financial year will be tax-exempted.

3. Gains of over Rs. 1 lac will be taxable at a rate of 10% as the Long-term Capital Gain (LTCG).

4. For the Dividend Distribution Tax, the dividend income from this fund will be added to the income of the investor and taxed as per its respective tax slab.

5. Also, for dividend income exceeding Rs 5,000 in a financial year; the fund house will deduct 10% TDS on such income.

Top 10 Stocks in Portfolio

Stock Invested inSectorValue (Mn)% Of Total Holdings1M Change1Y Highest Holding1Y Lowest HoldingQuantity1M Change in Qty
HDFC Bank Ltd.Banks32046.69.72%-0.11%9.83% (Aug 2022)8.12% (Mar 2022)2.25 Cr2.24 L
ICICI Bank Ltd.Banks31115.89.43%-0.16%9.74% (Jan 2022)8.68% (Oct 2021)3.61 Cr-3.90 L
Infosys Ltd.Computers – software22653.86.87%-0.27%10.3% (Dec 2021)6.87% (Sep 2022)1.60 Cr-1.20 L
Reliance Industries Ltd.Refineries/marketing21553.66.54%-0.55%7.09% (Aug 2022)6.1% (Dec 2021)90.65 L0.00
Axis Bank Ltd.Banks14105.14.28%-0.13%4.51% (Jan 2022)3.98% (Dec 2021)1.92 Cr-5.73 L
Bharti Airtel Ltd.Telecom – services130503.96%0.30%3.96% (Sep 2022)2.96% (Dec 2021)1.63 Cr-6.56 L
State Bank Of IndiaBanks12650.73.84%0.03%4.82% (Jan 2022)3.76% (May 2022)2.38 Cr-3.14 L
Hindustan Unilever Ltd.Diversified9544.32.89%0.10%3.37% (May 2022)2.04% (Feb 2022)35.40 L0.00
Sun Pharmaceutical Industries Ltd.Pharmaceuticals90322.74%0.29%2.74% (Sep 2022)1.49% (Oct 2021)95.21 L2.71 L
Maruti Suzuki India Ltd.Passenger/utility vehicles86002.61%0.61%2.61% (Sep 2022)1.36% (May 2022)9.74 L2.33 L

Peer Comparison

The table below highlights the performance of Mirae Asset Large Cap Fund (G) as compared to other similar top mutual funds in the market. You can compare the rating, AUM, performance, and age of a particular mutual fund.

Fund NameRatings Date of LaunchAUM(Rs. in Cr.)1yr Returns(%)3yr Returns(%)5yr Returns(%)
Mirae Asset Large Cap Fund (G)★★★★11 Feb 200832,980.67-0.6714.5111.05
Kotak Flexi Cap Fund (G)★★★★22 Jul 200935,933.412.6614.4510.68
AXIS Bluechip Fund (G)★★★★11 Nov 200935,822.38-6.4512.1712.55
HDFC Mid-Cap Opportunities Fund (G)★★★★07 May 200734,158.2110.6324.612.33
SBI BlueChip Fund (G)★★★★23 Dec 200533,021.961.9215.6710.99

Risk Ratios

Ratios are computed with the help of the calendar month returns for the last 3 years.

RatiosFundCategory (Average)
Standard DeviationBetaSharpe RatioTreynor’s RatioJension’s AlphaAverage Returns21.430.960.5913.14-1.4116.1422.550.960.5712.83-1.7715.80

FAQs

1. Who is eligible to invest in Mirae Asset India Opportunities Fund-Regular (Growth)?

Answer: The following list of investors are eligible to invest in Mirae Asset India Opportunities Fund-Regular (Growth):

● Individuals
● Association of Persons
● Partner(s) of Partnership Firms.
● Societies
● Minor through parent/lawful guardian
● Foreign Institutional Investors
● Companies
● Trusts
● Financial Institutions and Investment Institutions
● Non-resident Indians/Persons of Indian origin residing abroad
● Karta of Hindu Undivided Family
● Foreign Portfolio Investors

2. What is the Exit load for Mirae Asset India Opportunities Fund-Regular (Growth)?

Answer: The exit load for Mirae Asset India Opportunities Fund-Regular (Growth) is:

● 1% on or before 1 Year (365 Days)
● Zero after 1 Year (365 Days)

3. What is the minimum investment amount required to invest in Mirae Asset India Opportunities Fund-Regular (Growth)?

Answer: The minimum investment amount required to invest in Mirae Asset India Opportunities Fund-Regular (Growth) is Rs. 5,000.00.

4. What is the Expense ratio for Mirae Asset India Opportunities Fund-Regular (Growth)?

Answer: The Expense ratio for Mirae Asset India Opportunities Fund-Regular (Growth) is 1.54%.

5. What is the stamp duty for Mirae Asset India Opportunities Fund-Regular (Growth)?

Answer: The stamp duty for Mirae Asset India Opportunities Fund-Regular (Growth) is 0.005% (from 1st July 2020).

6. Can I invest in Mirae Asset India Opportunities Fund-Regular (Growth) through SIP and Lump Sum?

Answer: You can choose SIP or lumpsum investment of Mirae Asset India Opportunities Fund-Regular (Growth) depending on your investment objective and risk tolerance.