MIRAE ASSET
LARGE CAP FUND - (MALCF)*
(Large Cap Fund - An open ended equity scheme predominantly investing across large cap stocks) | Type of Scheme | Large Cap Fund - An open ended equity scheme predominantly investing across large cap stocks |
| 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. |
Fund Manager** |
Mr. Gaurav Misra
(since January 31, 2019), and Mr. Harshad Borawake (since May 01, 2017) |
| Allotment Date | 04th April, 2008 |
| Benchmark Index | NIFTY 100 (TRI) |
| Minimum Investment Amount |
₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
Monthly and Quarterly: Minimum of ₹ 1000/- (multiples of ₹ 1/- thereafter), minimum 5 installments. |
| 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 Dividend Option (Payout & Re-investment) |
| Monthly Average AUM (₹ Cr.) as on August 31, 2020 | 18,256.06 |
| Net AUM (₹ Cr.) | 18,385.69 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on August 31, 2020 |
Regular Plan: 1.71% Direct Plan: 0.62% |
| ANY DATE SIP provides one of the better investment experiences by allowing the investor to choose any investment date of the month (i.e., from 1st to 28th) depending upon the investors' expense and income flow. | |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct Plan | Regular Plan |
| Growth Option | ₹ 55.476 | ₹ 51.736 |
| Dividend Option | ₹ 37.058 | ₹ 16.932 |
| Volatility | 20.96% |
| Beta: | 0.97 |
| R Squared | 0.99 |
| Sharpe Ratio#: | 0.06 |
| Information Ratio | 0.03 |
| Portfolio Turnover Ratio^ | 0.27 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 31st August 2020. ^Basis last rolling 12 months. |
|
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 9.78% |
| ICICI Bank Ltd | 7.04% |
| Axis Bank Ltd | 3.74% |
| State Bank of India | 2.80% |
| Kotak Mahindra Bank Ltd | 0.84% |
| Petroleum Products | |
| Reliance Industries Ltd* | 11.35% |
| Hindustan Petroleum Corporation Ltd | 1.39% |
| Bharat Petroleum Corporation Ltd | 1.26% |
| Software | |
| Infosys Ltd | 7.41% |
| Tata Consultancy Services Ltd | 3.52% |
| Info Edge (India) Ltd | 0.70% |
| L&T Technology Services Ltd | 0.00% |
| Consumer Non Durables | |
| Hindustan Unilever Ltd | 3.18% |
| ITC Ltd | 2.71% |
| Dabur India Ltd | 1.50% |
| Tata Consumer Products Ltd | 1.40% |
| Britannia Industries Ltd | 1.30% |
| Asian Paints Ltd | 0.43% |
| Finance | |
| HDFC Life Insurance Company Ltd | 1.75% |
| Max Financial Services Ltd | 1.60% |
| Housing Development Finance Corporation Ltd | 1.50% |
| Power Finance Corporation Ltd | 0.99% |
| Bajaj Finance Ltd | 0.75% |
| Indian Energy Exchange Ltd | 0.72% |
| Equitas Holdings Ltd | 0.23% |
| SBI Cards and Payment Services Ltd | 0.21% |
| Auto | |
| Maruti Suzuki India Ltd | 2.95% |
| Ashok Leyland Ltd | 1.57% |
| Eicher Motors Ltd | 1.18% |
| TVS Motor Company Ltd | 0.58% |
| Pharmaceuticals | |
| Divi's Laboratories Ltd | 1.63% |
| Biocon Ltd | 1.26% |
| Torrent Pharmaceuticals Ltd | 1.23% |
| Ajanta Pharma Ltd | 0.96% |
| Dr. Reddy's Laboratories Ltd | 0.72% |
| Sun Pharmaceutical Industries Ltd | 0.33% |
| Consumer Durables | |
| Titan Company Ltd | 1.39% |
| Voltas Ltd | 1.36% |
| Havells India Ltd | 1.16% |
| Telecom - Services | |
| Bharti Airtel Ltd | 3.70% |
| Construction Project | |
| Larsen & Toubro Ltd | 2.96% |
| Power | |
| NTPC Ltd | 1.54% |
| Retailing | |
| Avenue Supermarts Ltd | 0.78% |
| Aditya Birla Fashion and Retail Ltd | 0.46% |
| Industrial Capital Goods | |
| Bharat Electronics Ltd | 1.20% |
| Auto Ancillaries | |
| Balkrishna Industries Ltd | 0.89% |
| Construction | |
| Kajaria Ceramics Ltd | 0.85% |
| Gas | |
| Petronet LNG Ltd | 0.64% |
| Chemicals | |
| Vinati Organics Ltd | 0.50% |
| Pesticides | |
| PI Industries Ltd | 0.44% |
| Equity Holding Total | 98.40% |
| Cash & Other Receivables | 1.60% |
| Total | 100.00% |
*Includes "Partly Paid Shares"
| Positions Exited |
| Stock |
| Cement |
| Grasim Industries Limited |
| Banks |
| IndusInd Bank Limited |
| Textile Products |
| Page Industries Limited |
| Finance |
| SBI Life Insurance Company Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Positions Increased |
| Stock |
| Auto |
| Eicher Motors Limited |
| Banks |
| Axis Bank Limited |
| HDFC Bank Limited |
| ICICI Bank Limited |
| Consumer Non Durables |
| Hindustan Unilever Limited |
| Petroleum Products |
| Bharat Petroleum Corporation Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Decreased |
| Stock |
| Auto Ancillaries |
| Balkrishna Industries Limited |
| Banks |
| Kotak Mahindra Bank Limited |
| Consumer Durables |
| Havells India Limited |
| Consumer Non Durables |
| Asian Paints Limited |
| Tata Consumer Products Limited |
| Finance |
| Bajaj Finance Limited |
| Housing Development Finance Corporation Limited |
| Pharmaceuticals |
| Ajanta Pharma Limited |
| Record Date | Dividend (₹) | Face Value (₹) | Cum Nav (₹) |
27-Jan-14 |
1.20 per Unit |
10 |
13.196 |
13-Feb-15 |
1.60 per Unit |
10 |
19.709 |
11-Mar-16 |
1.35 per Unit |
10 |
16.616 |
26-Jul-16 |
1.50per Unit |
10 |
17.922 |
24-Jul-17 |
1.70 per Unit |
10 |
19.049 |
12-Mar-18 |
2.00 per Unit |
10 |
19.938 |
06-Dec-18 |
1.60 per Unit |
10 |
18.697 |
16-Dec-19 |
1.50 per Unit |
10 |
18.902 |
Past Performance may or may not be sustained in future. Pursuant to payment of dividend the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy (if any). Dividend history is for MALCF- Regular Plan - Dividend Option
| Returns (%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| MALCF | 5.08 |
5.12 |
10.07 |
14.15 |
| Scheme Benchmark* | 4.08 |
5.05 |
8.59 |
9.35 |
| Additional Benchmark** | 4.60 |
8.04 |
9.39 |
9.26 |
| NAV as on 31st August, 2020 | 51.736 | |||
| Index Value (31st August, 2020) | Index Value of NIFTY 100 (TRI) is 14908.21 and S&P BSE Sensex (TRI) is 56932.37 | |||
| Allotment Date | 4th April, 2008 | |||
| Scheme Benchmark | *NIFTY 100 (TRI) | |||
| Additional Benchmark | **S&P BSE Sensex (TRI) | |||
Note:1. Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Plan - Growth Option
2. Fund manager : Mr. Harshad Borawake (since May 01, 2017) and Mr. Gaurav Misra (since January 31, 2019)
| Period | Total Amount Invested | Mkt Value as on 31-August-2020 |
SI |
1,480,000 |
3,838,641 |
10 Yrs |
1,200,000 |
2,354,448 |
7 Yrs |
840,000 |
1,232,712 |
5 Yrs |
600,000 |
741,547 |
3 Yrs |
360,000 |
387,787 |
1 Yr |
120,000 |
129,476 |
Returns (%) |
Period |
|||||
SI |
10yrs |
7yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
14.48 |
12.93 |
10.77 |
8.40 |
4.89 |
14.97 |
Benchmark Return& (%) |
10.47 |
9.73 |
8.40 |
7.30 |
4.05 |
12.94 |
Add. Benchmark Return& (%) |
10.58 |
10.05 |
9.15 |
8.96 |
6.23 |
13.78 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
This product is suitable for investors who are seeking*
• To generate long term capital appreciation / income
• Investment predominantly in Large Cap companies
• Degree of risk – MODERATELY HIGH
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Past Performance may or may not be sustained in future.
*Mirae Asset India Equity Fund has been changed to Mirae Asset Large Cap Fund from 1st May 2019. The category of the fund has also been changed from Multicap Fund to Large Cap Fund. For further details please refer addendum dated March 28, 2019.
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 