Mirae Asset Large & Midcap Fund - Regular Plan - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Outperformed category benchmark in 63% of historical 3-year rolling periods.
- Cost-efficient: expense ratio of 1.75% is lower than category median (2.32%).
- Over 16 years of operational history across different market cycles.
- Large asset base (₹45,797 Cr) may make active stock entry and exit slower in mid/small caps.
- Downside capture of 106% indicates larger drops during broader market downturns.
- Experienced a maximum drawdown of -37.0% during severe market crashes.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +7.79% | +7.09% | +0.70% |
| 3 Months | -0.84% | +0.32% | -1.16% |
| 6 Months | +5.02% | +5.55% | -0.53% |
| 1 Year | +1.34% | +3.04% | -1.70% |
| 3 Years CAGR | +12.19% | +13.28% | -1.09% |
| 5 Years CAGR | +9.38% | +10.62% | -1.24% |
| 7 Years CAGR | +15.99% | +15.98% | +0.01% |
| 10 Years CAGR | +15.61% | +14.02% | +1.59% |
| Since Inception | +18.38% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in Mirae Asset Large & Midcap Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +0.33% | +2.62% | -2.29% |
| 2025 | +9.21% | +4.13% | +5.08% |
| 2024 | +15.56% | +24.32% | -8.76% |
| 2023 | +29.34% | +29.34% | 0.00% |
| 2022 | -1.45% | +0.28% | -1.73% |
| 2021 | +39.13% | +38.27% | +0.86% |
| 2020 | +22.40% | +15.49% | +6.91% |
| 2019 | +14.72% | +10.50% | +4.22% |
| 2018 | -5.42% | -5.42% | 0.00% |
| 2017 | +49.01% | +39.62% | +9.39% |
| 2016 | +12.17% | +7.78% | +4.39% |
| 2015 | +14.08% | +5.22% | +8.86% |
| 2014 | +84.62% | +48.40% | +36.22% |
| 2013 | +8.61% | +6.56% | +2.05% |
| 2012 | +45.56% | +31.30% | +14.26% |
| 2011 | -15.15% | -22.94% | +7.79% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -27.47% | +20.92% | +13.87% | +108.82% | 83.2% | 59.3% |
| 3-Year Rolling | -3.20% | +21.25% | +19.32% | +47.46% | 99.7% | 63.2% |
| 5-Year Rolling | +5.10% | +21.00% | +20.96% | +35.60% | 100.0% | 82.9% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2020-01-16 | 2020-03-23 | -37.0% | 2 months | 7 months |
| 2010-11-10 | 2011-12-20 | -22.1% | 13 months | 9 months |
| 2024-09-27 | 2025-02-28 | -19.9% | 5 months | 8 months |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Indian Equities and Equity Related Securities* of Large cap*companies/Entities (top 100 stocks by market capitalization at the time of investment): 35% to 65% Indian Equities and Equity Related Securities** of Mid cap companies/Entities (which are not part of the Top 100 stocks but fall within Top 250 stocks by market capitalization at the time of investment).: 35% to 65 % Other Indian Equities and Equity Related Securities /Money market instruments and other liquid instruments^/ Units issued by InVITs/Units of Domestic Mutual Fund@: 0% to 35 % ^Other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, repo on Government securities and any other instruments as specified by the SEBI. @The scheme may invest in the units of Overnight Fund, Money Market Fund & Liquid Fund (including Liquid ETFs) of Domestic Mutual Fund. | Per Scheme Mandate |
Investment Objective & Strategy
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/entities at the time of investment. There is no assurance that the investment objective of the Scheme will be achieved.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 45,797 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as strained relative to Large & Mid Cap schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Large & Mid Cap Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Union Large & Midcap Fund | 4.4 | +12.68% | 2.54% | 95.3% | Rs 1,038 cr | Compare → |
| LIC MF Large & Mid Cap Fund | 2.9 | +12.24% | 2.63% | 115.0% | Rs 3,085 cr | Compare → |
| Sundaram Large and Midcap Fund | 3.5 | +12.73% | 2.25% | 108.2% | Rs 7,270 cr | Compare → |
| Aditya Birla Sun Life Large & Mid Cap Fund | 2.7 | +11.54% | 2.01% | 106.9% | Rs 5,848 cr | Compare → |
| CANARA ROBECO LARGE AND MID CAP FUND | 4.5 | +13.02% | 1.77% | 104.4% | Rs 26,516 cr | Compare → |
Frequently Asked Questions about Mirae Asset Large & Midcap Fund
What is the expense ratio of Mirae Asset Large & Midcap Fund?
Mirae Asset Large & Midcap Fund has a total expense ratio (TER) of 1.75% with a base expense ratio of 1.26%, compared to the Large & Mid Cap category median of 2.32%.
Who manages Mirae Asset Large & Midcap Fund?
Mirae Asset Large & Midcap Fund is managed by Neelesh Surana (tenure: 16.3 years since 2010-07-09).
What are the historical returns of Mirae Asset Large & Midcap Fund?
Mirae Asset Large & Midcap Fund delivered a 3-year CAGR of 12.19% and a 5-year CAGR of 9.38%. Its 1-year return stands at +1.34%.
How large is Mirae Asset Large & Midcap Fund?
Mirae Asset Large & Midcap Fund manages assets of Rs 45,797 cr, placing it in the 'strained' size band relative to Large & Mid Cap peers.
How is Mirae Asset Large & Midcap Fund scored on MFIQ?
Mirae Asset Large & Midcap Fund holds an MFIQ Score of 4.7/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Mirae Asset Large & Midcap Fund?
Mirae Asset Large & Midcap Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 14.77% with a maximum historical drawdown of -36.96%.