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Mirae Asset Large Cap Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.58 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.28 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. But be prepared for ups and downs in your investment value along the way.

This is a fund that invests in big companies. Compared to those that invest in smaller companies, such funds tend to fall less when stock prices fall. Therefore, they are more suited to conservative equity investors.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other large cap fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 13.33 2.51 9.26 14.03 16.42 13.00 --
S&P BSE 100 TRI 10.06 1.77 8.49 11.10 14.30 9.37 --
Equity: Large Cap 10.81 1.34 8.63 11.77 13.75 9.47 --
Rank within category 18 3 23 18 4 1 --
Number of funds in category 58 63 62 58 50 49 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 16.90 (07-May-2014 - 06-Jun-2014) -11.36 (07-Sep-2018 - 09-Oct-2018)
Quarter 24.87 (07-Apr-2014 - 07-Jul-2014) -12.94 (30-Nov-2015 - 29-Feb-2016)
Year 76.13 (03-Sep-2013 - 03-Sep-2014) -14.57 (25-Feb-2015 - 25-Feb-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 15.75 12.21 0.82 1.28 0.94 0.12
S&P BSE 100 TRI 14.10 12.49 0.67 1.08 -- --
Equity: Large Cap 13.43 12.59 0.61 0.97 0.94 -2.22
Rank within category 7 16 6 6 20 4
Number of funds in category 51 51 51 51 51 51

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 59
Top 10 Stocks (%) 50.54
Top 5 Stocks (%) 32.36
Top 3 Sectors (%) 59.39
Portfolio P/B Ratio 3.06
Portfolio P/E Ratio 23.73

Portfolio Aggregates

Fund Benchmark Category
Average Mkt Cap (Rs Cr) 1,56,019 3,35,921 2,12,071
Giant (%) 65.30 72.76 67.69
Large (%) 18.21 19.97 23.49
Mid (%) 14.87 7.20 8.40
Small (%) 1.62 0.06 1.33
Tiny (%) -- -- --

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up HDFC Bank Financial 29.57 9.36 6.80 9.24
equal ICICI Bank Financial 67.66 7.05 4.04 7.05
down Reliance Industries Energy 23.90 6.67 2.23 6.14
equal State Bank of India Financial 29.35 5.02 2.93 5.02
up Infosys Technology 19.54 5.44 2.52 4.91
equal Axis Bank Financial 47.71 5.36 0.66 4.32
up Larsen & Toubro Construction 19.37 4.38 3.14 4.11
equal ITC FMCG 21.38 4.44 2.33 3.90
up Tata Consultancy Services Technology 23.99 4.02 1.17 3.14
equal HDFC Financial 33.50 4.33 2.23 2.71
up Indusind Bank Financial 24.77 4.18 1.73 2.55
equal Maruti Suzuki India Automobile 35.88 3.88 2.23 2.52
equal Kotak Mahindra Bank Financial 39.32 4.07 2.11 2.33
up HPCL Energy 8.02 2.50 0.80 1.88
equal Divi's Laboratories Healthcare 37.89 2.02 0.00 1.87
up Dabur India FMCG 54.09 2.08 0.64 1.85
equal NTPC Energy 9.75 2.33 0.00 1.84
up HDFC Life Insurance Financial 88.44 1.65 0.00 1.65
up Voltas Cons Durable 45.68 1.56 0.76 1.27
equal Max Financial Services Financial 77.41 1.23 0.00 1.23
equal Torrent Pharmaceuticals Healthcare 56.99 1.39 0.23 1.23
down Tata Steel Metals 5.88 3.50 1.17 1.17
equal Coal India Energy 6.45 1.44 0.00 1.16
equal Havells India Engineering 54.04 2.05 0.00 1.13
down Sun Pharmaceutical Inds. Healthcare 24.31 2.72 1.05 1.11

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Nov-2019

Fund Manager

— Harshad Borawake since 01-May-2017

Education: Mr. Borawake is MBA(Finance) & B.E.(Polymers)

Experience: Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.

Funds Managed:

— Neelesh Surana since 01-Jan-2013

Education: Mr. Surana is B.E (Mechanical) and MBA in Finance.

Experience: Prior to joining Mirae AMC he has worked with ASK Investment Managers Pvt Ltd.

Funds Managed:


1.12%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 57.4490

Dividend: ₹ 38.3770


Investment Strategy

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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 01-Jan-2013
Benchmark: NIFTY 100 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 16,519 Cr (As on 30-Nov-2019)
Expense: 0.60% (As on 30-Nov-2019)
Risk Grade: Low
Return Grade: High
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend06-Dec-20181.5495

 12-Mar-20182.0000

Contact Information

AMC: Mirae Asset Global Investments (India) Pvt.Ltd.

Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098

Phone: 022-67800301 / 1800-2090-777

Email: [email protected]

Website: www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM