Mirae Asset Large & Midcap Fund
The scheme seeks 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/entities at the time of investment.
Growthvine rating: 4/5 — ranked #7 of 41 in category.
Fund basics
| Category | Equity: Large & Mid Cap |
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| NAV | ₹147.33 (as of 2026-10-01) |
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| AUM | ₹45,275 Cr |
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| Expense ratio | 1.26% |
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| Riskometer | Very High |
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| Fund manager | Ankit Jain |
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| Exit load | 1% for redemption within 365 days |
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Performance & risk
| 5-year annualised return | 8.64% |
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| Sharpe ratio | 0.49 |
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| Standard deviation | 15.90% |
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| Max drawdown | −36.96% |
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| Alpha | 0.85 |
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| Beta | 1.05 |
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Over 5 years, captured 93.0% of NIFTY LargeMidcap 250's upside and 101.9% of its downside.
Market cap allocation
| Large cap | 47.4% |
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| Mid cap | 40.6% |
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| Small cap | 11.9% |
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Concentration
| Top 5 holdings | 20.2% |
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| Top 10 holdings | 32.2% |
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| Total holdings | 81 |
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| Index overlap | 42.0% |
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| Active share | 58.0% |
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Top holdings
- HDFC Bank Ltd. — 6.0%
- ICICI Bank Ltd. — 3.9%
- Laurus Labs Limited — 3.8%
- AXIS Bank Ltd. — 3.4%
- State Bank Of India — 3.1%
- Reliance Industries Ltd — 2.9%
- PB Fintech Limited — 2.7%
- Steel Authority of India Ltd. — 2.3%
- Bharti Airtel Ltd. — 2.2%
- Delhivery Limited — 2.0%
Top sectors
- Banking & Financial — 21.8%
- Pharma & Biotech — 9.6%
- Automobile — 8.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −6.7% | Q3 | #28 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 |