Investment Objective and Approach

Mirae Asset Large Cap Fund invests > 80% in large cap stocks (Top 100 companies by market capitalization) and aims to combine consistency of large caps with few conviction midcap ideas (upto a max of 20%). The fund focuses on capital appreciation through a diversified portfolio predominantly investing in Indian equities and equity-related securities of large cap companies.

Investment Philosophy:

- The investment approach is centered around participating in high quality businesses upto a reasonable price and holding the same over an extended period of time

- The scheme tries to identify companies which have sustainable competitive advantage – stocks which has strong pricing power and are sector leaders

- Fund has flexibility to invest across sectors and themes

Key Investment Parameters:

- Minimum SIP: ₹99 for the SIP (Systematic Investment Plan) option

- Minimum Lump Sum: ₹5,000 for the lump sum option

- Latest NAV: ₹128.0440 as of 26-Aug-2025

- 5-Year Returns: 17.82% as of 26-Aug-2025

Fund Manager

Gaurav Misra is currently managing the fund, who brings extensive experience to the portfolio management. Mr. Gaurav Misra has over 28 years of experience in investment management and equity research functions. He has done MBA, IIM Lucknow/ BA ECO(HONS).

Professional Background:

- Prior to this he has worked as Senior Portfolio Manager with ASK Investment Managers Limited

- Currently serves as Head of Equity at Mirae Asset Investment Managers (India) Private Limited

- He currently manages the Mirae Asset Focused Fund and Mirae Asset Large Cap fund

About the Fund House (AMC)

Mirae Asset Investment Managers (India) Private Limited is the Indian arm of Mirae Asset Global Investments, a leading global asset management company. Founded by the visionary Hyeon Joo Park, Mirae Asset became the first AMC to present mutual funds to retail investors back in 1998.

Key Milestones:

- The Indian wing of the AMC, Mirae Asset Global Investments (India) Pvt. Ltd. was launched in the November of 2007

- Mirae Asset has been present in the Indian market since 2004 as a foreign institutional investor, but they commenced domestic business only in 2008

- The AMC had assets under management (AUM) worth Rs. 1,63,996 crore by the end of January 2024

Global Presence:

Today, Mirae Asset has a strong presence in India, Australia, Canada, Brazil, Indonesia, the USA, the UK and Vietnam, among others. South Korea's Mirae Asset Global Investments said Friday that the company currently manages more than $300 billion in assets, with nearly half of its portfolio managed internationally.

Indian Operations:

- It has over 61 lakh folios and a monthly SIP book of Rs. 879 crore

- Mirae currently has 22 branches in the country

- The company offers 54 primary mutual fund schemes as of Dec 2023. Out of these, there are 32 equity schemes, 15 debt schemes, 5 hybrid schemes, and 2 other schemes

Should I Invest in Mirae Asset Large Cap Fund?

This fund is suitable for investors seeking long-term capital appreciation through exposure to India's largest and most established companies. The fund's focus on quality large-cap stocks with selective mid-cap exposure provides a balanced approach to equity investing.

Ideal For:

- Investors looking for capital appreciation or wealth creation over sufficiently long investment horizon

- Investors who have high to very high risk taking appetite for wealth creation

- Investors should have minimum investment horizon of 3-5 years

- Investors looking for stability in their equity mutual fund. First time investors with long investment horizon

Risk Profile:

The Mirae Asset Large Cap Fund Direct Growth is rated Very High risk, which is typical for equity funds. Investors should be prepared for market volatility and have a long-term investment perspective.

Tax Treatment:

- If you redeem within one year, returns are taxed at 20%

- If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%

FAQs

What is today's NAV of Mirae Asset Large Cap Fund?

The latest declared NAV of Mirae Asset Large Cap Fund - Direct Plan, is ₹128.0440 as of 26-Aug-2025. NAV is updated daily on working days.

What is the AUM of Mirae Asset Large Cap Fund?

It has an AUM of ₹39,975.32 Crores as on 23 Aug 2025. AUM represents the total market value of assets managed by the fund.

What is the expense ratio of Mirae Asset Large Cap Fund?

The fund has an expense ratio of 1.52 for the regular plan. Direct plans typically have lower expense ratios compared to regular plans.

What are the returns of Mirae Asset Large Cap Fund since inception?

Mirae Asset Large Cap Fund Direct- Growth scheme return performance since scheme launch is 577.65%. The fund was launched in 2008.

What is the minimum SIP amount to invest in Mirae Asset Large Cap Fund?

The minimum investment required to start investing in Mirae Asset Large Cap Fund - Direct Plan is ₹99 for the SIP (Systematic Investment Plan) option.

How do I invest in Mirae Asset Large Cap Fund?

You can invest through Allvest platform or directly through the AMC website. Complete your KYC, choose between lump sum or SIP, and set up payment methods as per your preference.

How to start a SIP in Mirae Asset Large Cap Fund?

Register on Allvest, complete KYC verification, select the fund, choose SIP option, set amount and frequency, and authorize auto-debit from your bank account.

How do I automate an SIP in Mirae Asset Large Cap Fund?

Set up auto-debit mandate through Allvest by providing bank details and authorizing automatic monthly deductions. This ensures seamless monthly investments without manual intervention.

How can I withdraw/redeem my investment in Mirae Asset Large Cap Fund?

Log into your Allvest account, select the fund, choose partial or full redemption, specify units or amount, and submit the request. Funds are typically credited within 2-3 working days.