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Mirae Asset Large & Midcap Fund - Investment Objective, Performance & Manager Details

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Learn about Mirae Asset Large & Midcap Fund's investment strategy, fund manager Neelesh Surana's experience, and detailed fund analysis. Check AUM, returns & fund house details.

Investment Objective and Approach

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. The fund invests 35-65% in large cap companies (top 100 companies by market capitalization) & 35-65% in mid cap companies (companies not part of top 100 companies but fall within top 250 companies by market capitalization).

Investment Philosophy & Strategy:

- The fund follows Mirae Asset's Equity investment philosophy of selecting businesses based on Large Market Opportunity, Sustainable Competitive Advantages, and ROI, run by management with good Corporate Governance & thought leadership, available at attractive valuations with margin of safety

- The investment approach is bottoms up approach: driven by value investing, in growth oriented businesses. The investment approach is aimed at participating in high quality businesses upto a reasonable price and holding the same over an extended period of time

- Scheme mandate with minimum 35% large cap exposure aims to limit volatility

Key Benefits:

- Can help meet long term financial goals with the stability of large cap holdings while bringing agility through midcaps while creating wealth during the long term investment journey

- Investors can participate in the growth of emerging companies which have the potential to be tomorrow's blue-chip companies with the potential of wealth creation in the long term

Fund Managers

Neelesh Surana - Chief Investment Officer

Neelesh Surana is the Current Fund Manager of Mirae Asset Large & Midcap Fund Direct Growth fund. Mr. Surana is Chief Investment Officer at Mirae Asset Investment Managers (India) Private Limited. He joined Mirae Asset in 2008. In his capacity as CIO, Neelesh spearheads the research and fund management function. An engineering graduate with MBA in Finance, he has over 32 years of experience in equity research and portfolio management.

Professional Background:

- Mr. Neelesh Surana is the Chief Investment Officer at Mirae Asset Global Investments (India) Ltd. He has been associated with the company for over a decade and has played a pivotal role in its ascent to the top

- Before he was the Chief Investment Officer, Mr. Surana served as the Head of Equity at the firm. As the company's Chief Investment Officer, Mr. Suarana oversees the investment and equity research at the firm. Apart from managing the entire portfolio of funds, he is also responsible for liaising with global partners and providing them with research support for investments

About the Fund House (AMC)

Mirae Asset Mutual Fund is the Indian subsidiary of Mirae Asset Financial Group, a global investment management company based in South Korea. The AMC has established a strong presence in the Indian market since its inception.

Key Highlights:

- As of August 31, 2023, Mirae MF had a total asset under management (AUM) of over ₹1,42,869 crore

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

- 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

Global Presence:

- It is a subsidiary of Mirae Asset Financial Group, South Korea. Mirae is present in several countries, including India, Australia, Canada, Brazil, the UK, the USA, and Vietnam

- In 1998, they became the first AMC company to offer mutual funds to retail investors. It launched the first overseas investment in South Korea – Mirae Asset Retirement Pension Fund – in 2005

Fund Performance & Key Metrics (as of August 25, 2025):

- The fund currently has an Asset Under Management(AUM) of ₹2,07,353 Cr and the Latest NAV as of 25 Aug 2025 is ₹168.74

- It has delivered 21.57% returns since inception

- The expense ratio of Mirae Asset Large & Midcap Fund - Direct Plan is 0.66

Should I Invest in Mirae Asset Large & Midcap Fund?

This fund is suitable for investors seeking:

- Long-term capital appreciation with an investment horizon of at least 5-7 years

- Balanced exposure to both large-cap stability and mid-cap growth potential

- Professional fund management with proven track record in equity investing

Investment Considerations:

- Do not invest in this, or any other large & mid-cap fund, if you need to redeem your investment in less than five years

- Be prepared for ups and downs in your investment value along the way

- Like for all equity funds, you must invest only through the SIP route

- The Mirae Asset Large & Midcap Fund Direct Growth is rated Very High risk

Minimum Investment:

- Minimum SIP Investment is set to ₹99. Minimum Lumpsum Investment is ₹5,000

FAQs

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

The NAV changes daily based on market movements. You can check the current NAV on Allvest platform or the fund house website.

What is the AUM of Mirae Asset Large & Midcap Fund?

The fund has an AUM of ₹2,07,353 crores as of August 25, 2025.

What is the expense ratio of Mirae Asset Large & Midcap Fund?

The expense ratio for the direct plan is 0.66% annually, which covers fund management and operational costs.

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

The fund has delivered 21.57% annualized returns since inception (launched on November 30, 2007).

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

You can start investing with a minimum SIP amount of ₹99 per month.

How do I invest in Mirae Asset Large & Midcap Fund?

You can invest through Allvest platform by completing your KYC and choosing between SIP or lump sum investment options.

How to start a SIP in Mirae Asset Large & Midcap Fund?

Register on Allvest, complete KYC verification, select the fund, choose SIP option, set amount and frequency, and set up auto-debit.

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

Enable auto-debit through your bank account or set up standing instructions through Allvest platform for seamless monthly investments.

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

You can redeem your units through Allvest platform anytime. Note that 1% exit load applies if redeemed within 1 year.