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 February 29, 2024 |
33,498.97 |
| Net AUM ( ₹ Cr.) | 33,711.38 |
Monthly Total Expense Ratio (Including Statutory Levies) as on February 29, 2024 |
Regular Plan: 1.56% 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 | ₹143.880 | ₹ 129.499 |
| IDCW | ₹ 78.740 | ₹ 46.456 |
| New Position Bought |
| Stock |
Aerospace & Defense |
Data Patterns (India) Limited |
Finance |
Bajaj Finance Limited |
Industrial Products |
Cummins India Limited |
Non - Ferrous Metals |
Hindalco Industries Limited |
Pharmaceuticals & Biotechnology |
Divi's Laboratories Limited |
Laurus Labs Limited |
| Positions Increased |
| Stock |
Automobiles |
Eicher Motors Limited |
Banks |
HDFC Bank Limited |
Cement & Cement Products |
Grasim Industries Limited |
Chemicals & Petrochemicals |
SRF Limited |
Construction |
Larsen & Toubro Limited |
Diversified FMCG |
ITC Limited |
Ferrous Metals |
Tata Steel Limited |
IT - Software |
Tata Consultancy Services Limited |
Personal Products |
Dabur India Limited |
Power |
NHPC Limited |
Realty |
Prestige Estates Projects Limited |
Retailing |
FSN E-Commerce Ventures Limited |
Transport Services |
Delhivery Limited |
| Positions Decreased |
| Stock |
Automobiles |
Mahindra & Mahindra Limited |
Banks |
State Bank of India |
Beverages |
United Spirits Limited |
Cement & Cement Products |
JK Cement Limited |
Diversified FMCG |
Hindustan Unilever Limited |
Fertilizers & Agrochemicals |
UPL Limited |
Finance |
Power Finance Corporation Limited |
SBI Cards and Payment Services Limited |
Financial Technology (Fintech) |
PB Fintech Limited |
Gas |
Gujarat State Petronet Limited |
Industrial Products |
SKF India Limited |
Insurance |
SBI Life Insurance Company Limited |
IT - Software |
Coforge Limited |
HCL Technologies Limited |
Infosys Limited |
LTIMindtree Limited |
Minerals & Mining |
NMDC Limited |
Petroleum Products |
Reliance Industries Limited |
Power |
NTPC Limited |
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Ltd |
5.41% |
State Bank of India |
3.85% |
ICICI Bank Ltd |
3.00% |
Axis Bank Ltd |
2.72% |
Kotak Mahindra Bank Ltd |
2.24% |
The Federal Bank Limited |
1.67% |
Indian Bank |
1.33% |
IT - Software |
|
HCL Technologies Limited |
1.83% |
Wipro Ltd |
1.76% |
Infosys Ltd |
1.52% |
Coforge Limited |
0.77% |
LTIMindtree Limited |
0.68% |
Tata Consultancy Services Ltd |
0.61% |
Pharmaceuticals & Biotechnology |
|
Lupin Limited |
2.07% |
Gland Pharma Limited |
1.65% |
Aurobindo Pharma Ltd |
1.34% |
Natco Pharma Limited |
0.77% |
Sun Pharmaceutical Industries Ltd |
0.48% |
Divi's Laboratories Ltd |
0.35% |
Laurus Labs Limited |
0.25% |
Transport Services |
|
Delhivery Limited |
1.73% |
Container Corporation of India Limited |
0.92% |
InterGlobe Aviation Limited |
0.89% |
Gateway Distriparks Limited |
0.80% |
Finance |
|
LIC Housing Finance Limited |
1.62% |
Shriram Finance Limited |
0.95% |
SBI Cards and Payment Services Limited |
0.93% |
Bajaj Finance Limited |
0.49% |
Power Finance Corporation Ltd |
0.05% |
Industrial Products |
|
SKF India Limited |
1.37% |
Bharat Forge Limited |
1.29% |
Prince Pipes And Fittings Limited |
0.76% |
Cummins India Limited |
0.45% |
Cement & Cement Products |
|
JK Cement Limited |
1.63% |
ACC Limited |
1.23% |
Grasim Industries Ltd |
1.01% |
Consumer Durables |
|
Crompton Greaves Consumer Electricals Limited |
1.61% |
Bata India Limited |
1.29% |
Kajaria Ceramics Ltd |
0.48% |
Titan Company Ltd |
0.05% |
Telecom - Services |
|
Tata Communications Limited |
1.47% |
Bharti Airtel Ltd |
1.41% |
Indus Towers Limited |
0.33% |
Petroleum Products |
|
Reliance Industries Ltd |
2.92% |
Power |
|
NTPC Ltd |
2.26% |
NHPC Limited |
0.64% |
Chemicals & Petrochemicals |
|
SRF Limited |
0.99% |
Vinati Organics Ltd |
0.71% |
Atul Limited |
0.67% |
Chemplast Sanmar Limited |
0.51% |
Construction |
|
Larsen & Toubro Ltd |
2.85% |
Retailing |
|
Zomato Limited |
1.36% |
FSN E-Commerce Ventures Limited |
1.23% |
Avenue Supermarts Limited |
0.23% |
Gas |
|
Gujarat State Petronet Limited |
1.91% |
Indraprastha Gas Limited |
0.83% |
Automobiles |
|
Eicher Motors Ltd |
1.09% |
Mahindra & Mahindra Limited |
0.81% |
Tata Motors Limited |
0.76% |
Maruti Suzuki India Ltd |
0.04% |
Auto Components |
|
CEAT Limited |
1.31% |
Motherson Sumi Wiring India Limited |
1.05% |
Sona BLW Precision Forgings Limited |
0.22% |
Financial Technology (Fintech) |
|
PB Fintech Limited |
1.68% |
One 97 Communications Limited |
0.53% |
Insurance |
|
Max Financial Services Ltd |
1.24% |
SBI Life Insurance Company Limited |
0.90% |
Personal Products |
|
Dabur India Ltd |
1.52% |
Emami Limited |
0.50% |
Capital Markets |
|
HDFC Asset Management Company Limited |
1.63% |
Indian Energy Exchange Ltd |
0.26% |
Ferrous Metals |
|
Tata Steel Ltd |
1.55% |
Diversified FMCG |
|
ITC Ltd |
1.45% |
Hindustan Unilever Ltd |
0.05% |
Realty |
|
Prestige Estates Projects Limited |
1.49% |
Fertilizers & Agrochemicals |
|
Bayer Cropscience Limited |
1.33% |
UPL Limited |
0.15% |
Healthcare Services |
|
Fortis Healthcare Limited |
1.12% |
Minerals & Mining |
|
NMDC Limited |
0.97% |
Consumable Fuels |
|
Coal India Ltd |
0.84% |
Textiles & Apparels |
|
Page Industries Ltd |
0.80% |
Beverages |
|
United Spirits Limited |
0.51% |
Leisure Services |
|
Sapphire Foods India Limited |
0.48% |
Aerospace & Defense |
|
Data Patterns (India) Limited |
0.44% |
Bharat Electronics Ltd |
0.03% |
Non - Ferrous Metals |
|
Hindalco Industries Limited |
0.39% |
Equity Holding Total |
99.34% |
Cash & Other Receivables |
0.66% |
Total |
100.00% |
| Returns (in%) | |||||
| 1 Year | 3 Years | 5 years | Since inception | Value of 10000 invested Since Inception (in Rs.) | |
| Mirae Asset Large & Midcap Fund | 39.31% |
18.70% |
21.40% |
20.63% |
1,29,499 |
| Scheme Benchmark* | 45.02% |
22.10% |
21.17% |
14.57% |
64,064 |
| Additional Benchmark** | 24.58% |
15.26% |
16.50% |
12.31% |
48,795 |
| NAV as on 29th February, 2024 | ₹129.499 | ||||
| Index Value 29th February, 2024) | Index Value of Scheme benchmark is 17,667.52 and S&P BSE Sensex (TRI) is 1,11,227.59 |
||||
| 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 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-Feburary-2024 |
SIP |
16,30,000 |
80,86,183 |
10 Yrs |
12,00,000 |
33,68,838 |
7 Yrs |
8,40,000 |
16,95,167 |
5 Yrs |
6,00,000 |
10,50,189 |
3 Yrs |
3,60,000 |
4,82,317 |
1 Yr |
1,20,000 |
1,44,826 |
Returns (%) |
Period |
|||||
SI |
10yrs |
7yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
21.43 |
19.60 |
19.72 |
22.59 |
19.98 |
40.64 |
Benchmark Return& (%) |
17.37 |
18.19 |
20.36 |
24.89 |
23.99 |
45.50 |
Add. Benchmark Return& (%) |
14.04 |
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 | 12.29% |
| Beta: | 0.87 |
| R Squared | 0.95 |
| Sharpe Ratio#: | 0.99 |
| Information Ratio | -1.17 |
| Portfolio Turnover Ratio | 0.60 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*
• 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 schemes of Mirae Asset Mutual Fund has been changed with effect from December 15, 2023.