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 Managers** |
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 February 28, 2021 | 23,751.38 |
| Net AUM (₹ Cr.) | 23,353.16 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on February 28, 2021 |
Regular Plan: 1.64% Direct Plan: 0.54% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 70.317 | ₹ 65.226 |
| Dividend | ₹ 46.973 | ₹ 21.347 |
| Volatility | 21.42% |
| Beta: | 0.95 |
| R Squared | 0.99 |
| Sharpe Ratio#: | 0.38 |
| Information Ratio | -0.11 |
| Portfolio Turnover Ratio^ | 0.26 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 27th February, 2021. ^Basis last rolling 12 months. |
|
| Portfolio Holdings | % Allocation | |
| Banks | ||
| HDFC Bank Ltd | 10.40% | |
| ICICI Bank Ltd | 8.40% | |
| Axis Bank Ltd | 4.30% | |
| State Bank of India | 3.23% | |
| Kotak Mahindra Bank Ltd | 0.18% | |
| Equitas Small Finance Bank Ltd | 0.10% | |
| Software | ||
| Infosys Ltd | 9.65% | |
| Tata Consultancy Services Ltd | 4.19% | |
| MphasiS Ltd | 0.85% | |
| Info Edge (India) Ltd | 0.83% | |
| L&T Technology Services Ltd | 0.00% | |
| Petroleum Products | ||
| Reliance Industries Ltd* | 9.15% | |
| Bharat Petroleum Corporation Ltd | 1.30% | |
| Hindustan Petroleum Corporation Ltd | 1.22% | |
| Finance | ||
| Max Financial Services Ltd | 1.52% | |
| HDFC Life Insurance Company Ltd | 1.51% | |
| Housing Development Finance Corporation Ltd | 1.49% | |
| Muthoot Finance Ltd | 1.37% | |
| ICICI Lombard General Insurance Company Ltd | 0.95% | |
| Power Finance Corporation Ltd | 0.94% | |
| Indian Energy Exchange Ltd | 0.86% | |
| Equitas Holdings Ltd | 0.17% | |
| Bajaj Finance Ltd | 0.06% | |
| Consumer Non Durables | ||
| Hindustan Unilever Ltd | 3.00% | |
| ITC Ltd | 2.00% | |
| Dabur India Ltd | 1.30% | |
| Britannia Industries Ltd | 1.09% | |
| Tata Consumer Products Ltd | 0.78% | |
| Asian Paints Ltd | 0.01% | |
| Pharmaceuticals | ||
| Dr. Reddy's Laboratories Ltd | 2.49% | |
| Divi's Laboratories Ltd | 1.22% | |
| Torrent Pharmaceuticals Ltd | 0.93% | |
| Ajanta Pharma Ltd | 0.80% | |
| Biocon Ltd | 0.72% | |
| Sun Pharmaceutical Industries Ltd | 0.20% | |
| Auto | ||
| Maruti Suzuki India Ltd | 2.30% | |
| Ashok Leyland Ltd | 1.41% | |
| Eicher Motors Ltd | 1.02% | |
| TVS Motor Company Ltd | 0.57% | |
| Consumer Durables | ||
| Voltas Ltd | 1.30% | |
| Titan Company Ltd | 1.30% | |
| Havells India Ltd | 1.07% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 3.48% | |
| Construction Project | ||
| Larsen & Toubro Ltd | 2.49% | |
| Power | ||
| NTPC Ltd | 1.26% | |
| Construction | ||
| Kajaria Ceramics Ltd | 1.16% | |
| Industrial Capital Goods | ||
| Bharat Electronics Ltd | 0.98% | |
| Retailing | ||
| Avenue Supermarts Ltd | 0.82% | |
| Auto Ancillaries | ||
| Balkrishna Industries Ltd | 0.60% | |
| Chemicals | ||
| Vinati Organics Ltd | 0.55% | |
| Gas | ||
| Petronet LNG Ltd | 0.46% | |
| Pesticides | ||
| PI Industries Ltd | 0.41% | |
| Cement | ||
| Ambuja Cements Ltd | 0.17% | |
| Equity Holding Total | 98.57% | |
| Cash & Other Receivables | 1.43% | |
| Total | 100.00% | |
*Includes "Partly Paid Shares"
| New Position Bought |
| Stock |
| Cement |
| Ambuja Cements Limited |
| Positions Exited |
| Stock |
| Retailing |
| Aditya Birla Fashion and Retail Limited |
| Positions Increased |
| Stock |
| Banks |
| HDFC Bank Limited |
| ICICI Bank Limited |
| State Bank of India |
| Consumer Durables |
| Voltas Limited |
| Consumer Non Durables |
| Tata Consumer Products Limited |
| Finance |
| HDFC Life Insurance Company Limited |
| Max Financial Services Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Ajanta Pharma Limited |
| Divi's Laboratories Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Decreased |
| Stock |
| Auto |
| Maruti Suzuki India Limited |
| Consumer Non Durables |
| Dabur India Limited |
| Finance |
| ICICI Lombard General Insurance Company Limited |
| Muthoot Finance Limited |
| Pharmaceuticals |
| Dr. Reddy's Laboratories Limited |
| Software |
| Infosys Limited |
| Tata Consultancy Services 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 | 28.81 |
11.61 |
18.51 |
15.64 |
| Scheme Benchmark* | 31.20 |
11.91 |
17.19 |
11.09 |
| Additional Benchmark** | 30.00 |
14.22 |
17.89 |
10.97 |
| NAV as on 26th Febraury, 2021 | 65,226 | |||
| Index Value (26th February, 2021) | Index Value of Nifty 100 (TRI) is 19,100.25 and S&P BSE Sensex (TRI) is 72,642.78. | |||
| 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 managers : Mr. Harshad Borawake (since May 01, 2017) and Mr. Gaurav Misra (since January 31, 2019)
| Period | Total Amount Invested | Mkt Value as on 26-Febraury-2021 |
SI |
1,540,000 |
4,909,069 |
10 Yrs |
1,200,000 |
2,805,178 |
7 Yrs |
840,000 |
1,417,057 |
5 Yrs |
600,000 |
881,077 |
3 Yrs |
360,000 |
473,271 |
1 Yr |
120,000 |
156,469 |
Returns (%) |
Period |
|||||
SI |
10yrs |
7yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
16.76 |
16.22 |
14.71 |
15.41 |
18.70 |
62.04 |
Benchmark Return& (%) |
13.25 |
13.63 |
13.51 |
15.19 |
18.72 |
63.57 |
Add. Benchmark Return& (%) |
13.30 |
13.87 |
14.24 |
16.62 |
19.81 |
62.49 |
& 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 – Very 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 