Mirae Asset Large Cap Fund: Complete Analysis & Insights

Mirae Asset Large Cap Fund: Complete Analysis & Insights

  • Sushil Bajaj |
  • 10 November 2025 |

📅 Last Updated on: November 11, 2025

Mirae Asset Large Cap Fund is an open-ended equity scheme primarily investing across large-cap stocks. Managed by Mirae Asset Investment Managers (India) Pvt. Ltd., this scheme seeks to provide long-term capital appreciation by focusing on India’s top 100 companies by market capitalization.

Large cap

What is a Large Cap Fund?


Large Cap Funds, as defined by SEBI, are mutual fund schemes that invest at least 80% of their total assets in the top 100 companies in terms of full market capitalization.


These companies are industry leaders — often part of the NIFTY 100 index — and include well-known names across banking, IT, energy, and manufacturing sectors.

Key benefits of large-cap funds
Backed by established business models and proven track records.
Offer better liquidity and transparency.
Provide relatively lower risk and volatility than mid or small caps.
Suitable for investors who prefer consistent long-term returns over aggressive short-term gains.

Quick Snapshot

ParameterDetails
Scheme NameMirae Asset Large Cap Fund
CategoryLarge Cap Fund
Scheme TypeOpen-ended equity scheme predominantly investing in large-cap stocks
Scheme CodeMIRA/O/E/LCF/08/02/0001
BenchmarkNifty 100 TRI (Total Return Index)
Fund ManagerMr. Gaurav Misra
Inception DateApril 4, 2008 (Direct Plan – Jan 1, 2013)
Exit Load1 % if redeemed within 1 year; Nil after 1 year

To generate long-term capital appreciation by capitalizing on potential investment opportunities by predominantly investing in equities of large-cap companies.

Note: The scheme does not guarantee or assure returns; achievement of objectives depends on market performance.

Benchmark Details

The fund tracks Nifty 100 TRI as its benchmark—representing India’s top 100 companies by market capitalization.

  • Rationale: The benchmark mirrors the fund’s asset allocation pattern and investment universe, aligning with SEBI’s definition of a Large Cap Fund (Clause 2.7.1 of SEBI Master Circular June 27 2024).
  • Performance Comparison: Scheme performance is reviewed regularly against Nifty 100 TRI by the AMC Board and Trustees.

Investment Style & Strategy

Asset Allocation:
80–100 % → Equities & Equity-related Securities of Large Cap Companies
0–20 % → Equities of Other Companies (Mid / Small Cap)
0–20 % → Debt / Money-Market Instruments
Equity Derivatives:

Up to 50 % of net assets (for non-hedging purposes).

Rebalancing:

Any deviation from allocation must be corrected within 30 days after AMFI’s updated list.

Approach:

A bottom-up stock-selection strategy with an emphasis on companies having strong growth prospects, sound management, and sustainable competitive advantages.

Fund Snapshot and Performance Quants

Fund Snapshot and Performance Quants
Screener: Performance overview for Mirae Asset Large Cap Fund(G)
Updated automatically from live Google Sheets

For updated detailed Performance data and key informations as on November 14, 2025
Visit Mirae Asset Large Cap Fund Performance Page

Why Invest in Mirae Asset Large Cap Fund?

Stability & Quality: Focuses on large, established companies with proven business models.


Experienced Fund Manager: Managed by Mr. Gaurav Misra (29 years of investment experience).


Consistent Performance: Delivered strong returns over the years with a disciplined risk framework.


Diversified Portfolio: Covers multiple sectors to mitigate volatility.


Transparency: Monthly portfolio disclosures and online factsheets ensure clarity for investors.

Investment Areas — Sectors & Companies

The fund primarily invests in:


Top 100 large-cap companies as per AMFI classification.


Core sectors: Banking & Financial Services, IT, Energy, Automobiles, FMCG, Pharma, and Infrastructure.


Diversification Policy: No internal sector caps beyond SEBI limits; allocation based on bottom-up fundamental analysis.

Top Holdings as on 31 Oct. 2025

Who Should Invest in Mirae Asset Large Cap Fund?

large cap
This fund is suitable for investors who:
Investors seeking long-term capital growth (5 years + horizon).
Those preferring moderate risk with steady wealth creation.
Individuals who wish to invest in India’s top 100 companies.
Suitable for SIP investors aiming for equity exposure with lower volatility than mid/small cap funds.

Fees, Loads & Taxation

taxation

Expense Ratio: Check latest factsheet.
Exit Load: 1% if redeemed within 7 days; Nil thereafter
Taxation:

  1. Dividend taxable as per income tax slab.
  2. Short-term (<1 year): Taxed at 20%.
  3. Long-term (>1 year): Tax-free up to ₹1.25 lakh; beyond that taxed at 12.5% without indexation.

🔗 How to Invest Online?

You can easily invest through our online investment platform.

Dealing with the Pain Points of Investors

Pain PointHow Mirae Asset Large Cap Fund Addresses It
Market volatility riskInvests in financially strong large-cap companies to reduce fluctuations
Liquidity concernsOpen-ended fund with T+3 redemption processing
Portfolio transparencyMonthly disclosures and factsheet availability online
Fund management credibilityManaged by a veteran with 29 years of experience
Cost efficiencyCompetitive TER and no entry load
Q1: Is Mirae Asset Large Cap Fund good for SIP investment?

Yes. Its consistent track record and focus on large-cap stocks make it suitable for long-term SIPs.

Q2: What is the benchmark of this fund?

The fund is benchmarked against the Nifty 100 TRI, which tracks India’s top 100 companies.

Q3: How liquid is the fund?

Units can be redeemed on any business day at NAV-based prices, with proceeds paid within 3 business days.

Q4: What is the risk level of this fund?

The fund falls under the High Risk category (as per SEBI riskometer dated Oct 31, 2024).

Q5: What is the risk level of this fund?

The fund’s Riskometer indicates High Risk, as it predominantly invests in equity.

Mirae Asset Large Cap Fund aims to deliver steady long-term returns through investments in India’s leading companies. While it offers stability and growth potential, investors must align their goals and risk tolerance before investing.

Disclaimer:- Mutual Fund investments are subject to market risks, please read scheme related documents carefully before investing.

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