Mirae Asset Large Cap Fund
The scheme aims to maximize long term capital appreciation by finding investment opportunities resulting from Indian economic growth and its structural shifts through investing in equity and equity related securities.
Growthvine rating: 4/5 — ranked #8 of 41 in category.
Fund basics
| Category | Equity: Large Cap |
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| NAV | ₹113.48 (as of 2026-08-21) |
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| AUM | ₹38,379 Cr |
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| Expense ratio | 1.30% |
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| Riskometer | Very High |
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| Fund manager | Gaurav Misra |
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| Exit load | 1% for redemption within 365 days |
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Performance & risk
| 5-year annualised return | 9.54% |
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| Sharpe ratio | 0.28 |
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| Standard deviation | 14.04% |
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| Max drawdown | -51.29% |
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| Alpha | -0.98 |
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| Beta | 0.97 |
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Over 5 years, captured 91.3% of NIFTY 100's upside and 93.9% of its downside.
Market cap allocation
| Large cap | 86.9% |
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| Mid cap | 9.3% |
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| Small cap | 3.8% |
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Concentration
| Top 5 holdings | 32.1% |
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| Top 10 holdings | 47.7% |
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| Total holdings | 72 |
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| Index overlap | 67.3% |
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| Active share | 32.7% |
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Top holdings
- HDFC Bank Ltd. — 8.9%
- ICICI Bank Ltd. — 8.7%
- Bharti Airtel Ltd. — 5.4%
- Reliance Industries Ltd — 5.2%
- Infosys Ltd — 3.9%
- AXIS Bank Ltd. — 3.5%
- Larsen & Toubro Limited — 3.4%
- Mahindra & Mahindra Ltd. — 3.1%
- State Bank Of India — 3.0%
- Eternal Limited — 2.6%
Top sectors
- Banking & Financial — 28.4%
- Automobile — 7.9%
- Software & Services — 6.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -3.7% | Q3 | #27 of 39 |
| 2025 | 10.2% | Q1 (Top) | #3 of 36 |
| 2024 | 12.7% | Q3 | #24 of 32 |
| 2023 | 18.4% | Q4 (Bottom) | #30 of 32 |
| 2022 | 1.6% | Q3 | #15 of 28 |