MIRAE ASSET
LARGE & MIDCAP FUND* (formerly known as Mirae Asset Emerging Bluechip Fund)
(Large & Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks) Type of Scheme |
Large & Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks |
Investment Objective |
The investment objective of the scheme is to generate income and capital appreciation from a portfolio primarily investing in Indian equities and equity related securities of large cap and mid cap companies at the time of investment. From time to time, the fund manager may also seek participation in other Indian equity and equity related securities to achieve optimal Portfolio construction. The Scheme does not guarantee or assure any returns |
Fund Managers** |
Mr. Neelesh Surana (since inception of the fund) and Mr. Ankit Jain (since January 31, 2019) |
Allotment Date |
09th July, 2010 |
Benchmark Index |
Nifty Large Midcap 250 Index (TRI) |
Minimum Investment Amount |
Fresh lumpsum subscription/switch-in to all the Plans & Options of Mirae Asset Large & Midcap Fund through any mode including Stock Exchange platform has been temporarily suspended with effect from October 25, 2016 |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019)## |
Fresh Registration through SIP shall be allowed for a maximum of up to ₹25,000/- through Monthly frequency cumulatively aggregated across all available SIP Dates of each month before the cut off time of 15:00 hours on any business day. SIP shall not be available through Quarterly frequency under the scheme and remains suspended. The limit of ₹25,000/- through SIP route (monthly frequency) shall be aggregated and applicable at primary holder PAN level for each new application received. For further details please refer to notice-cum-addendum no. 49/2023 Monthly and Quarterly: ₹500/- (multiples of ₹1/- thereafter), minimum 5 in case of Monthly / Quarterly option. |
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 IDCW Option (Payout & Re-investment) |
Monthly Average AUM (₹ Cr.) as on December 31, 2023 |
31,620.24 |
| Net AUM ( ₹ Cr.) | 32,492.17 |
Monthly Total Expense Ratio (Including Statutory Levies) as on December 31, 2023 |
Regular Plan: 1.57% Direct Plan: 0.62% |
| **For experience of Fund Managers Click Here | |
| ##Pursuant to notice cum addendum no. 69/2023, Minimum Systematic Investment Plan (SIP) Installment amount for certain Schemes has been Changed with effect from January 01, 2024. | |
| NAV: | Direct | Regular |
| Growth | ₹ 138.838 | ₹ 125.163 |
| IDCW | ₹ 75.981 | ₹ 44.900 |
| New Position Bought |
| Stock |
| Banks |
| Indian Bank |
| Financial Technology (Fintech) |
| One 97 Communications Limited |
| Transport Services |
| Container Corporation of India Limited |
| Positions Increased |
| Stock |
| Auto Components |
| Motherson Sumi Wiring India Limited |
| Banks |
| Kotak Mahindra Bank Limited |
| The Federal Bank Limited |
| Cement & Cement Products |
| Grasim Industries Limited |
| Consumable Fuels |
| Coal India Limited |
| Consumer Durables |
| Kajaria Ceramics Limited |
| Fertilizers & Agrochemicals |
| Bayer Cropscience Limited |
| UPL Limited |
| Finance |
| LIC Housing Finance Limited |
| Financial Technology (Fintech) |
| PB Fintech Limited |
| Healthcare Services |
| Fortis Healthcare Limited |
| IT - Software |
| Wipro Limited |
| Personal Products |
| Dabur India Limited |
| Pharmaceuticals & Biotechnology |
| Aurobindo Pharma Limited |
| Gland Pharma Limited |
| Lupin Limited |
| Telecom - Services |
| Tata Communications Limited |
| Textiles & Apparels |
| Page Industries Limited |
| Positions Decreased |
| Stock |
| Banks |
| ICICI Bank Limited |
| State Bank of India |
| Capital Markets |
| Indian Energy Exchange Limited |
| Cement & Cement Products |
| JK Cement Limited |
| Chemicals & Petrochemicals |
| Atul Limited |
| Vinati Organics Limited |
| Construction |
| Larsen & Toubro Limited |
| Diversified FMCG |
| Hindustan Unilever Limited |
| Finance |
| Power Finance Corporation Limited |
| Shriram Finance Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Industrial Products |
| Bharat Forge Limited |
| SKF India Limited |
| Insurance |
| SBI Life Insurance Company Limited |
| IT - Software |
| Infosys Limited |
| LTIMindtree Limited |
| Tata Consultancy Services Limited |
| Non - Ferrous Metals |
| National Aluminium Company Limited |
| Personal Products |
| Emami Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Pharmaceuticals & Biotechnology |
| IPCA Laboratories Limited |
| Sun Pharmaceutical Industries Limited |
| Power |
| NTPC Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 6.75% |
| State Bank of India | 3.69% |
| ICICI Bank Ltd | 2.95% |
| Axis Bank Ltd | 2.81% |
| Kotak Mahindra Bank Ltd | 2.23% |
| The Federal Bank Ltd | 1.77% |
| Indian Bank | 0.67% |
| IT - Software | |
| HCL Technologies Ltd | 2.24% |
| Wipro Ltd | 1.66% |
| Infosys Ltd | 1.50% |
| Coforge Ltd | 1.42% |
| LTIMindtree Ltd | 0.94% |
| Tata Consultancy Services Ltd | 0.05% |
| Pharmaceuticals & Biotechnology | |
| Gland Pharma Ltd | 1.86% |
| Lupin Ltd | 1.75% |
| Aurobindo Pharma Ltd | 1.36% |
| Natco Pharma Ltd | 0.65% |
| Sun Pharmaceutical Industries Ltd | 0.40% |
| IPCA Laboratories Ltd | 0.16% |
| Torrent Pharmaceuticals Ltd | 0.01% |
| Finance | |
| LIC Housing Finance Ltd | 1.28% |
| SBI Cards and Payment Services Ltd | 1.20% |
| Power Finance Corporation Ltd | 1.06% |
| Shriram Finance Ltd | 0.88% |
| Jio Financial Services Ltd | 0.01% |
| Consumer Durables | |
| Crompton Greaves Consumer Electricals Ltd | 1.79% |
| Bata India Ltd | 1.57% |
| Kajaria Ceramics Ltd | 0.57% |
| Titan Company Ltd | 0.05% |
| Industrial Products | |
| Bharat Forge Ltd | 1.52% |
| SKF India Ltd | 1.39% |
| Prince Pipes And Fittings Ltd | 1.02% |
| Transport Services | |
| Delhivery Ltd | 1.35% |
| InterGlobe Aviation Ltd | 0.87% |
| Gateway Distriparks Ltd | 0.80% |
| Container Corporation of India Ltd | 0.71% |
| Cement & Cement Products | |
| JK Cement Ltd | 1.61% |
| ACC Ltd | 1.07% |
| Grasim Industries Ltd | 0.80% |
| Chemicals & Petrochemicals | |
| SRF Ltd | 0.93% |
| Atul Ltd | 0.80% |
| Vinati Organics Ltd | 0.77% |
| Chemplast Sanmar Ltd | 0.56% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.59% |
| Tata Communications Ltd | 1.22% |
| Construction | |
| Larsen & Toubro Ltd | 2.80% |
| Petroleum Products | |
| Reliance Industries Ltd | 2.80% |
| Automobiles | |
| Eicher Motors Ltd | 1.07% |
| Mahindra & Mahindra Ltd | 1.02% |
| Tata Motors Ltd | 0.64% |
| Maruti Suzuki India Ltd | 0.04% |
| Insurance | |
| SBI Life Insurance Company Ltd | 1.49% |
| Max Financial Services Ltd | 1.20% |
| Retailing | |
| FSN E-Commerce Ventures Ltd | 1.24% |
| Zomato Ltd | 1.13% |
| Avenue Supermarts Ltd | 0.25% |
| Gas | |
| Gujarat State Petronet Ltd | 1.76% |
| Indraprastha Gas Ltd | 0.84% |
| Power | |
| NTPC Ltd | 2.38% |
| Auto Components | |
| CEAT Ltd | 1.15% |
| Motherson Sumi Wiring India Ltd | 0.79% |
| Sona BLW Precision Forgings Ltd | 0.22% |
| Personal Products | |
| Dabur India Ltd | 1.34% |
| Emami Ltd | 0.67% |
| Capital Markets | |
| HDFC Asset Management Company Ltd | 1.45% |
| Indian Energy Exchange Ltd | 0.49% |
| Fertilizers & Agrochemicals | |
| Bayer Cropscience Ltd | 1.35% |
| UPL Ltd | 0.50% |
| Realty | |
| Prestige Estates Projects Ltd | 1.61% |
| Financial Technology (Fintech) | |
| PB Fintech Ltd | 1.30% |
| One 97 Communications Ltd | 0.28% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.48% |
| Healthcare Services | |
| Fortis Healthcare Ltd | 1.19% |
| Krishna Institute Of Medical Sciences Ltd | 0.24% |
| Diversified FMCG | |
| ITC Ltd | 0.93% |
| Hindustan Unilever Ltd | 0.20% |
| Minerals & Mining | |
| NMDC Ltd | 1.13% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.93% |
| Consumable Fuels | |
| Coal India Ltd | 0.75% |
| Non - Ferrous Metals | |
| National Aluminium Company Ltd | 0.73% |
| Beverages | |
| United Spirits Ltd | 0.59% |
| Leisure Services | |
| Sapphire Foods India Ltd | 0.47% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 0.06% |
| Equity Holding Total | 98.80% |
| Cash & Other Receivables | 1.20% |
| Total | 100.00% |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| Mirae Asset Large & Midcap Fund | 29.34% | 21.04% | 20.02% | 20.61% |
| Scheme Benchmark* | 32.66% | 23.84% | 19.48% | 14.45% |
| Additional Benchmark** | 20.33% | 16.19% | 16.28% | 12.43% |
| NAV as on 29th December, 2023 | ₹ 125.163 | |||
| Index Value (29th December, 2023) | Index Value of Scheme benchmark is 17,031.33 and S&P BSE Sensex (TRI) is 1,10,664.15 |
|||
| Allotment Date | 9th July, 2010 | |||
| Scheme Benchmark | *Nifty Large Midcap 250 Index (TRI) | |||
| Additional Benchmark | **S&P BSE Sensex (TRI) | |||
Fund managers : Mr. Neelesh Surana managing the scheme since 9th July, 2010 & Mr. Ankit Jain since 31st ,January 2019)
Note: Returns below or for 1 year are absolute returns, returns above 1 year are CAGR- Compounded Annualized Growth returns.
Latest available NAV has been taken for return calculation wherever applicable
Past Performance may or may not be sustained in future.
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 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option
| Period | Total Amount Invested | Mkt Value as on 29-December-2023 |
SIP |
16,10,000 | 77,95,666 |
10 Yrs |
12,00,000 | 34,02,996 |
7 Yrs |
8,40,000 | 16,85,761 |
5 Yrs |
6,00,000 | 10,45,429 |
3 Yrs |
3,60,000 | 4,80,948 |
1 Yr |
1,20,000 | 1,46,362 |
Returns (%) |
Period |
|||||
SI |
10yrs |
7yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
21.42 | 19.80 | 19.58 | 22.43 | 19.82 | 43.61 |
Benchmark Return& (%) |
17.25 | 18.08 | 20.08 | 24.52 | 23.94 | 49.19 |
Add. Benchmark Return& (%) |
14.27 | 15.03 | 16.59 | 18.35 | 16.84 | 30.46 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 13.04% |
| Beta: | 0.87 |
| R Squared | 0.95 |
| Sharpe Ratio#: | 1.08 |
| Information Ratio | -0.86 |
| Portfolio Turnover Ratio | 0.57 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 December, 2023.^Basis last rolling 12 months. |
|
This product is suitable for investors who are seeking*
• Long term capital appreciation
• Large & Midcap fund investing atleast 35% in largecap stocks & atleast 35% in midcap stocks
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
| Regular Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
07-Feb-23 |
3.50 |
10.00 |
40.450 |
28-Jul-23 |
3.50 |
10.00 |
41.930 |
| Direct Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
07-Feb-23 |
6.00 |
10.00 |
67.910 |
28-Jul-23 |
5.80 |
10.00 |
70.570 |
Past Performance may or may not be sustained in future. Pursuant to payment of IDCW the NAV of the IDCW option of the scheme will fall to the extent of payout and statutory levy (if any). IDCW history is for Mirae Asset Large & Midcap Fund - Regular & Direct Plan - IDCW Option
*Pursuant to notice cum addendum no. 62/2023, the name of the schemes has been changed with effect from December 15, 2023.