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.
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
Parameter
Details
Scheme Name
Mirae Asset Large Cap Fund
Category
Large Cap Fund
Scheme Type
Open-ended equity scheme predominantly investing in large-cap stocks
Scheme Code
MIRA/O/E/LCF/08/02/0001
Benchmark
Nifty 100 TRI (Total Return Index)
Fund Manager
Mr. Gaurav Misra
Inception Date
April 4, 2008 (Direct Plan – Jan 1, 2013)
Exit Load
1 % 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)
Invests in financially strong large-cap companies to reduce fluctuations
Liquidity concerns
Open-ended fund with T+3 redemption processing
Portfolio transparency
Monthly disclosures and factsheet availability online
Fund management credibility
Managed by a veteran with 29 years of experience
Cost efficiency
Competitive 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.
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