The Mirae Asset Large Cap Fund focuses on long-term capital appreciation by investing in top Indian blue-chip companies.
The fund was started on April 4th, 2008 and has been active in the Indian Stock Market since then.
The fund follows a research-driven approach, emphasizing quality businesses with strong fundamentals and sustainable competitive advantages.
The investment strategy is built on selecting businesses offering large market opportunities, attractive valuations, and sound corporate governance.
Current Portfolio Focus
The fund has 99.63% investment in domestic equities of which 65.12% is in Large Cap stocks, 10.59% is in Mid Cap stocks, 3.78% in Small Cap stocks.
The Fund Size or Assets Under Management is ₹39336.60 Crores. By this value, it is one of the largest in the category (Large Cap Fund) that functions in the Indian Market.
As of October 2024, the fund has its largest exposure as follows in the top holdings
– HDFC Bank (9.78%)
– Infosys (5.89%) and
– ICICI Bank (7.33%)
Top 3 Pros of Investing in Mirae Asset Large Cap Fund
Consistent Returns: The fund has a decent track record since its inception in 2008 as follows – 15.43% annualized return on one-time investment & 14.68% annualized return on monthly investment or Systematic Investment Plan (SIP)
Quality Stock Selection: Its focus on blue-chip companies ensures stability and reduced volatility, especially during market downturns.
Experienced Management: Managed by Gaurav Misra, who brings over 28 years of investment expertise. Prior to joining Mirae Asset Mutual Fund, he was associated with ASK Investment Managers Pvt. Ltd. for 14 years. Mr. Gaurav is an MBA from IIM Lucknow and BA Economics (Hons.) from St. Stephen’s College, Delhi. He has a rich experience of over 25 years in Institutional and Private Equity.
Top 3 Cons of Investing in Mirae Asset Large Cap Fund
High Expense Ratio: The fund’s expense ratio of 1.76% may impact net returns compared to similar funds.
Sector Concentration: Heavy reliance on financial services can lead to performance risks during sector downturns.
Very High Risk: Despite stability, it’s categorized as very high risk, making it unsuitable for risk-averse investors.
Final Verdict:
This fund is ideal for long-term investors seeking equity exposure to large-cap stocks with a moderate-to-high risk tolerance.
Regular reviews of sectoral performance and alignment with individual financial goals are recommended. As always, consult a financial advisor to match investments with your goals.
Hope this helps
All the best
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Happy Investing and God Bless!
About the Post Author:
The Author is an AMFI-registered Mutual Fund Distributor (ARN-262589). Reach out to him via email: edteficonsult@gmail.com
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