Mirae Asset Large & Midcap Fund
To generate income and capital appreciation from a diversified portfolio predominantly investing in Indian equities and equity related securities of large cap and midcap companies at the time of investment.
Growthvine rating: 4/5 — ranked #6 of 39 in category.
Fund basics
| Category | Equity: Large & Mid Cap |
|---|
| NAV | ₹159.04 (as of 2026-08-21) |
|---|
| AUM | ₹44,048 Cr |
|---|
| Expense ratio | 1.27% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Ankit Jain |
|---|
| Exit load | 1% for redemption within 365 days |
|---|
Performance & risk
| 5-year annualised return | 11.83% |
|---|
| Sharpe ratio | 0.5 |
|---|
| Standard deviation | 15.90% |
|---|
| Max drawdown | -36.96% |
|---|
| Alpha | 0.85 |
|---|
| Beta | 1.06 |
|---|
Over 5 years, captured 92.0% of NIFTY LargeMidcap 250's upside and 101.7% of its downside.
Market cap allocation
| Large cap | 47.0% |
|---|
| Mid cap | 41.0% |
|---|
| Small cap | 11.9% |
|---|
Concentration
| Top 5 holdings | 20.3% |
|---|
| Top 10 holdings | 31.8% |
|---|
| Total holdings | 81 |
|---|
| Index overlap | 42.0% |
|---|
| Active share | 58.0% |
|---|
Top holdings
- HDFC Bank Ltd. — 6.2%
- ICICI Bank Ltd. — 3.9%
- Laurus Labs Limited — 3.7%
- AXIS Bank Ltd. — 3.3%
- Reliance Industries Ltd — 3.2%
- State Bank Of India — 3.0%
- PB Fintech Limited — 2.3%
- Delhivery Limited — 2.1%
- SBI Life Insurance Company Limited — 2.0%
- Hero MotoCorp Limited — 2.0%
Top sectors
- Banking & Financial — 21.8%
- Pharma & Biotech — 9.3%
- Automobile — 9.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 0.7% | Q3 | #26 of 38 |
| 2025 | 9.2% | Q1 (Top) | #4 of 34 |
| 2024 | 15.6% | Q4 (Bottom) | #27 of 29 |
| 2023 | 29.3% | Q3 | #15 of 28 |
| 2022 | -1.4% | Q3 | #20 of 28 |