Mirae Asset Investment Managers (India) Private Limited

Mirae Asset Large Cap Fund - Growth Plan

EquityLarge Cap
  • Plan: Regular
  • |
  • Type: Open-Ended
  • |
  • Option: Growth
  • 1 yr return6.6%
  • 3 yr return15.6%
  • 5 yr return12.3%
  • Expense Ratio1.58%
  • Lock-in Period--
  • Exit Load1%
  • Fund Size (Cr)Rupees34406.7
  • NAVRupees82.9

Performance Graph

  • Show returns for: 1 yr 3 yrs 5 yrs
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Returns Calculator

  • Show returns for: SIP Lumpsum
  • Monthly SIP (Rupees)
  • Investment years: 1 3 5
  • Amount invested/month: Rupees-
  • Time Period: 1 years
  • Estimated Returns: Rupees0

Fund Video

Analysis

About Mirae Asset Large Cap Fund

Mirae Asset Large Cap Fund is an open-ended equity scheme primarily investing in the stocks of large-cap companies.

Investment Objective

The investment objective of the scheme is to provide long term capital appreciation to the investors by making investments in equity securities of large-cap companies.

Mirae Asset Large Cap Fund

Benchmark

The Benchmark of the scheme is NIFTY 100 TRI.

Investment Details

ParticularsMinimum Amount
Minimum Application AmountRs.5,000 & in multiples of Rs.1 thereafter
Minimum Additional InvestmentRs.1,000 & in multiples of Rs.1 thereafter

SIP Details

TypeMinimum AmountMinimum Installments
MonthlyRs.1,000 & in multiples of Rs.1 thereafter5
QuarterlyRs.1,000 & in multiples of Rs.1 thereafter5

Loads

Entry Load: Nil

Exit Load:

For investors who have opted for SWP plans:

If units of up to 15% are redeemed or switched out within 1 year - Nil

  • Units in excess of 15% redeemed or switched out within 1 year - 1%

If units are redeemed or switched out after 1 year - Nil

For investors who have not opted for SWP plans:

If units are redeemed or switched out within 1 year - 1%

If units are redeemed or switched out after 1 year - Nil

Suitability

Mirae Asset Large Cap Fund is suitable for investors with moderate to high-risk appetite looking to invest for a period of 5 years & above. 

Taxation:

As the fund predominantly invests in equity securities, Mirae Asset Large Cap Fund has the taxability of an equity mutual fund scheme. Following taxation is applicable:

  • If the units are sold after 1 year, then the gains on investments are treated as Long Term Capital Gains (LTCG). LTCG of up to Rs 1 lacs in a financial year is tax-free and above that, it is taxed at the rate of 10% without the benefit of indexation.
  • If the units are sold within 1 year, then the gains are treated as Short Term Capital Gains (STCG) and are taxed at the rate of 15%.

Mirae Asset Large Cap Fund’s Asset Allocation

Under normal conditions, the pattern of asset allocation is as follows:

AssetsMinimum indicative allocation (% of total assets)Maximum indicative allocation (% of total assets)Risk Profile
Equity & Equity related securities of Large-cap companies 80100High 
Equity & Equity related securities of other companies 020High
Debt & money market instruments020Low to Moderate

Who should invest in Mirae Asset Large Cap Fund ?

Large-cap funds are those equity mutual funds that invest in the equity & equity-related securities of the Top 100 companies in terms of market capitalization. These companies have strong balance sheets, large market shares & organized management which makes them leaders in their sectors. 

Investments in Mirae Asset Large Cap Fund can be made by investors who want to invest in established entities with a track record of excellent performance for a long period of time. The large size of the underlying holdings makes investments in these funds relatively stable as compared to investments in other equity fund categories.

Investors looking to invest in equity funds with relatively low volatility could consider investments in this fund. The fund can be a good investment for an investor’s core equity portfolio.

Eligibility 

The following people are eligible for investing in this scheme:

  • Indian Resident Adults (single holder or on a joint basis)
  • Hindu Undivided Family
  • Partnership entities
  • Limited Liability Partnership units
  • Minor through parent or a legal guardian
  • Sole Proprietor
  • Corporates, PSUs & others.
  • NRIs/POIs/OCIs
  • Banks & Financial Institutions
  • Religious & Charitable Trusts
  • Defense & paramilitary units
  • Foreign Portfolio Investors
  • Pension/Provident/Gratuity Funds
  • Trustee, AMCs or Sponsors
  • Other schemes of Mirae Asset or other mutual funds
  • Alternative Investment Funds
  • Others

How to invest Mirae Asset Large Cap Fund?

You can invest in Mirae Asset Large Cap Fund through any AMFI distributor, AMC, banks or third party platforms. If you need any help with your investments, you can reach out to our ZFunds Experts on Whatsapp - 7217746224.

Frequently Asked Questions about Mirae Asset Large Cap Fund - Growth Plan

Q. What is the expense ratio for Mirae Asset Large Cap Fund - Growth Plan ?

A. The expense ratio – which is the fee that a mutual fund company charges for the maintenance of a mutual fund scheme – for Mirae Asset Large Cap Fund - Growth Plan is 1.58 per cent as on 24th September 2022. 

Q. What is the investment distribution for Mirae Asset Large Cap Fund - Growth Plan among companies of different market cap ? 

A. Mirae Asset Large Cap Fund has around 99 percent investment in domestic equity with around 65 percent, 9 percent and 4 percent in large cap, mid cap and small cap, respectively. 

Q. What are the tax implications of returns from Mirae Asset Large Cap Fund ?

A. In case you choose to sell more than 15 percent of your Mirae Asset Large Cap Fund units within the first year from the date of allocation, then an exit load of one percent shall be applicable. In any other case, no exit load shall be charged by Mirae Asset Mutual Fund. 

Q. What are the top companies of investment for Mirae Asset Large Cap Fund ?

A. HDFC Bank, ICICI Bank, Infosys, Reliance Industries and Axis Bank are the top investments for Mirae Asset Large Cap Fund. However, these are subject to change at any time at the fund manager’s discretion. 

Q. What are Mirae Asset Large Cap Fund’s three and five year returns ? 

A. Mirae Asset Large Cap Fund’s three and five year returns stand at 14.6 percent and 11.6 percent, respectively. 

More Mirae Asset Funds:

Mirae Asset Tax Saver Fund Regular Plan
Mirae Asset Midcap Fund Regular Plan
Mirae Asset Focused Fund Regular Plan Growth
Mirae Asset Arbitrage Fund Regular Growth
Mirae Asset Hybrid Equity Fund Regular Plan
Mirae Asset Banking and PSU Debt Fund Regular
Mirae Asset Short Term Fund Regular Plan

 

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Investment Objective

The Investment Objective Of The Scheme Is To Generate Long Term Capital Appreciation By Capitalizing On Potential Investment Opportunities By Predominantly Investing In Equities Of Large Cap Companies.

Tax Implications

Taxation on mutual fund explained : https://zfunds.in/article/taxes-on-mutual-funds

Top Holdings

  • Companies %
  • HDFC Bank Limited 9.8
  • ICICI Bank Limited 9.4
  • Infosys Limited 7.1
  • Reliance Industries Limited 6.7
  • Axis Bank Limited 5
  • State Bank of India 3.8
  • Bharti Airtel Limited 3.8
  • Larsen & Toubro Limited 2.7
  • Maruti Suzuki India Limited 2.7
  • Hindustan Unilever Limited 2.6
  • Sun Pharmaceutical Industries Limited 2.5
  • Sectors %
  • Banks28.5
  • Internet and Technology12
  • Petroleum Products7.5
  • Pharmaceuticals6.2
  • Automobiles5.5

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