Mirae Asset Large & Midcap Fund-Reg(G)

View the direct plan of this scheme

Rs 131.262   -0.113(-0.086 %) NAV as on 16 Apr 2024
Prime Rating: 3 
Prime Recommendation: Upgrade to see

Fund type:
Equity
AUM (in crores):
₹ 33,618.78
Fund category:
Large & Mid Cap
Fund manager(s):
Neelesh Surana, Ankit Jain
Benchmark:
NIFTY LargeMidcap 250 - TRI
Minimum investment:
₹ 5000
Launch date:
09 Jul 2010
Min. additional investment:
₹ 1000
Expense ratio:
1.57 %
Exit load:
1% on or before 1Y(365D), Nil after 1Y(365D)

Scheme Objective: The investment objective of the scheme is 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 at the time of investment. From time to time, the fund manager may also seek participation in other Indian equity and equity related securities to achieve optimal Portfolio construction. The Scheme does not guarantee or assure any returns.


Performance (As on 16 Apr 2024)

6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme15.71 % 38.70 % 18.90 %19.45 % 20.54 %
NIFTY LargeMidcap 25018.30 % 42.26 % 21.16 %18.39 % N/A

Portfolio

Top 10 stock holdings
Allocation (%)
HDFC Bank Limited
5.59%
State Bank of India
3.59%
ICICI Bank Limited
3.12%
Larsen & Toubro Limited
3.09%
Reliance Industries Limited
2.98%
Axis Bank Limited
2.7%
Kotak Mahindra Bank Limited
2.48%
NTPC Limited
2.27%
Delhivery Limited
1.88%
Gujarat State Petronet Limited
1.85%

About this category

Large-and-midcap funds invest a minimum of 35% each in large-cap stocks and mid-cap stocks. Depending on their mid-cap allocation, these funds can be more volatile than large-cap funds and even some multi-cap funds. These funds can be used to get exposure to mid-cap stocks without taking on the very high risk of mid-cap funds. The Nifty Midcap 250, the Nifty 500 or BSE 500 can be used as benchmarks to measure performance.

Suitability

Large-and-midcap funds suit investors with moderate to high risk appetites. The minimum period for which these funds need to be held is 5 years.

Taxation

Short-term: Holding period is less than 12 months.

Taxation: Capital gains are taxed at 15%


Long-term: Holding period is 12 months or more.

Taxation: Capital gains up to Rs 100,000 each financial year is tax-exempt. Remaining capital gains is taxed at 10%. For investments made on or before January 31st, 2018: Capital gain up to this date is tax-free.

How are mutual funds taxed?

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