MIRAE ASSET
LARGE CAP FUND
(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. Gaurav Khandelwal (since October 18, 2021) |
| Allotment Date | 04th April, 2008 |
| Benchmark Index | NIFTY 100 Index (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 ₹ 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 February 29, 2024 |
37,733.03 |
| Net AUM (₹ Cr.) | 37,676.43 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on February 29, 2024 |
Regular Plan: 1.53% Direct Plan: 0.54% |
| **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 | ₹ 106.178 | ₹ 95.468 |
| IDCW | ₹ 65.392 | ₹ 28.819 |
| New Position Bought |
| Stock |
Banks |
Union Bank of India |
Chemicals & Petrochemicals |
Pidilite Industries Limited |
Ferrous Metals |
Jindal Steel & Power Limited |
Industrial Products |
Polycab India Limited |
IT - Software |
Wipro Limited |
Pharmaceuticals & Biotechnology |
Aurobindo Pharma Limited |
| Positions Increased |
| Stock |
Auto Components |
Samvardhana Motherson International Limited |
Banks |
HDFC Bank Limited |
State Bank of India |
Consumer Durables |
Asian Paints Limited |
Crompton Greaves Consumer Electricals Limited |
Diversified FMCG |
ITC Limited |
Finance |
Bajaj Finance Limited |
Industrial Products |
Timken India Limited |
| Positions Decreased |
| Stock |
Auto Components |
Sona BLW Precision Forgings Limited |
Automobiles |
Maruti Suzuki India Limited |
Banks |
Axis Bank Limited |
ICICI Bank Limited |
Cement & Cement Products |
Ambuja Cements Limited |
Consumer Durables |
Titan Company Limited |
Finance |
SBI Cards and Payment Services Limited |
Shriram Finance Limited |
Food Products |
Britannia Industries Limited |
Insurance |
ICICI Lombard General Insurance Company Limited |
SBI Life Insurance Company Limited |
IT - Software |
HCL Technologies Limited |
Infosys Limited |
LTIMindtree Limited |
MphasiS Limited |
Tata Consultancy Services Limited |
Petroleum Products |
Reliance Industries Limited |
Pharmaceuticals & Biotechnology |
Sun Pharmaceutical Industries Limited |
Torrent Pharmaceuticals Limited |
Power |
NTPC Limited |
Telecom - Services |
Bharti Airtel Limited |
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Ltd |
9.13% |
ICICI Bank Ltd |
8.77% |
Axis Bank Ltd |
4.92% |
State Bank of India |
4.91% |
Kotak Mahindra Bank Ltd |
3.41% |
The Federal Bank Limited |
0.10% |
Union Bank of India |
0.04% |
IT - Software |
|
Infosys Ltd |
7.36% |
Tata Consultancy Services Ltd |
2.15% |
HCL Technologies Limited |
1.94% |
LTIMindtree Limited |
0.50% |
Wipro Ltd |
0.45% |
MphasiS Limited |
0.40% |
Petroleum Products |
|
Reliance Industries Ltd |
8.22% |
Diversified FMCG |
|
ITC Ltd |
2.39% |
Hindustan Unilever Ltd |
2.16% |
Pharmaceuticals & Biotechnology |
|
Sun Pharmaceutical Industries Ltd |
2.17% |
Gland Pharma Limited |
0.94% |
Biocon Ltd |
0.79% |
Aurobindo Pharma Ltd |
0.51% |
Torrent Pharmaceuticals Ltd |
0.13% |
Telecom - Services |
|
Bharti Airtel Ltd |
3.92% |
Consumer Durables |
|
Crompton Greaves Consumer Electricals Limited |
1.12% |
Havells India Ltd |
0.98% |
Kajaria Ceramics Ltd |
0.90% |
Voltas Ltd |
0.61% |
Asian Paints Ltd |
0.14% |
Titan Company Ltd |
0.00% |
Construction |
|
Larsen & Toubro Ltd |
3.57% |
Automobiles |
|
Maruti Suzuki India Ltd |
2.28% |
Eicher Motors Ltd |
1.01% |
Retailing |
|
FSN E-Commerce Ventures Limited |
1.38% |
Avenue Supermarts Limited |
1.21% |
Zomato Limited |
0.49% |
Finance |
|
SBI Cards and Payment Services Limited |
1.18% |
Bajaj Finance Limited |
0.91% |
Shriram Finance Limited |
0.73% |
Chemicals & Petrochemicals |
|
SRF Limited |
0.89% |
Chemplast Sanmar Limited |
0.50% |
Pidilite Industries Limited |
0.46% |
Vinati Organics Ltd |
0.40% |
Cement & Cement Products |
|
Ambuja Cements Limited |
1.37% |
Nuvoco Vistas Corporation Limited |
0.49% |
UltraTech Cement Limited |
0.27% |
Insurance |
|
SBI Life Insurance Company Limited |
0.99% |
Max Financial Services Ltd |
0.90% |
ICICI Lombard General Insurance Company Limited |
0.21% |
Auto Components |
|
Sona BLW Precision Forgings Limited |
1.01% |
Samvardhana Motherson International Limited |
0.63% |
Balkrishna Industries Ltd |
0.00% |
Power |
|
NTPC Ltd |
1.60% |
Industrial Products |
|
Timken India Limited |
0.79% |
EPL Limited |
0.57% |
Polycab India Limited |
0.10% |
Fertilizers & Agrochemicals |
|
PI Industries Limited |
0.87% |
UPL Limited |
0.56% |
Ferrous Metals |
|
Tata Steel Ltd |
0.94% |
Jindal Steel & Power Limited |
0.41% |
Personal Products |
|
Dabur India Ltd |
1.05% |
Capital Markets |
|
Indian Energy Exchange Ltd |
0.77% |
Financial Technology (Fintech) |
|
One 97 Communications Limited |
0.72% |
Leisure Services |
|
Jubilant Foodworks Limited |
0.62% |
Healthcare Services |
|
Krishna Institute Of Medical Sciences Limited |
0.36% |
Aerospace & Defense |
|
Bharat Electronics Ltd |
0.20% |
Agricultural, Commercial & Construction Vehicles |
|
Ashok Leyland Limited |
0.14% |
Food Products |
|
Britannia Industries Ltd |
0.12% |
Equity Holding Total |
99.73% |
Cash & Other Receivables |
0.27% |
Total |
100.00% |
| Returns (in%) | |||||
| 1 Year | 3 Years | 5 years | Since inception | Value of 10000 invested Since Inception (in Rs.) | |
| Mirae Asset Large Cap Fund | 24.28% |
13.54% |
14.95% |
15.23% |
95,468 |
| Scheme Benchmark* | 33.26% |
16.68% |
16.82% |
12.12% |
61,741 |
| Additional Benchmark** | 24.58% |
15.26% |
16.50% |
11.76% |
58,701 |
| NAV as on 29th February, 2024 | ₹ 95.468 | ||||
| Index Value (29th February, 2024) | Index Value of Nifty 100 Index (TRI) is 30,338.37 and S&P BSE Sensex (TRI) is 1,11,227.59 |
||||
| Allotment Date | 4th April, 2008 | ||||
| Scheme Benchmark | *NIFTY 100 Index (TRI) | ||||
| Additional Benchmark | **S&P BSE Sensex (TRI) | ||||
Fund managers : Mr. Gaurav Khandelwal (since October 18, 2021) and Mr. Gaurav Misra (since January 31, 2019) respectively.
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-February-2024 |
SI |
19,00,000 |
76,24,482 |
10 Yrs |
12,00,000 |
25,13,401 |
7 Yrs |
8,40,000 |
13,94,502 |
5 Yrs |
6,00,000 |
8,92,700 |
3 Yrs |
3,60,000 |
4,39,326 |
1 Yr |
1,20,000 |
1,34,482 |
Returns (%) |
Period |
|||||
SI |
10yrs |
7yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
15.87 |
14.16 |
14.24 |
15.91 |
13.39 |
23.21 |
Benchmark Return& (%) |
14.19 |
14.95 |
16.41 |
18.92 |
17.66 |
34.97 |
Add. Benchmark Return& (%) |
13.83 |
14.69 |
16.01 |
17.57 |
15.46 |
24.46 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 11.59% |
| Beta | 0.83 |
| R Squared | 0.94 |
| Sharpe Ratio#: | 0.59 |
| Information Ratio | -0.96 |
| 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 29th February, 2024. ^Basis last rolling 12 months. |
|
This product is suitable for investors who are seeking*
• To generate long term capital appreciation / income
• Investment predominantly in Large Cap companies
*Investors should consult their financial advisers if they are not clear about the suitability of the product.