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Fincash » Mirae Asset India Equity Fund Vs Nippon India Large Cap Fund

Mirae Asset India Equity Fund Vs Nippon India Large Cap Fund

Updated on October 18, 2020 , 1202 views

There are a number of differences between Mirae Asset India Equity Fund and Nippon India Large Cap Fund (Formerly known as Reliance Large Cap Fund) on the basis of various parameters. These differences exist even though both the schemes belong to the same category of Large cap funds. In simple terms, a Mutual Fund scheme that invests its accumulated money in stocks of well-reputed companies is known as large-cap funds. The market capitalization of large-cap funds is more than INR 10,000 Crores.

In addition, these schemes generally tend to give a stable performance with respect to returns and turnover. Large-cap companies are also known as bluechip companies. As per historical records, it is noticed that the share prices of large-caps do not fluctuate much during economic downturns as compared to mid & small cap. So, let us understand the differences between these schemes by comparing various parameters.

Mirae Asset India Equity Fund (Erstwhile Mirae Asset India Opportunities Fund)

Mirae Asset India Equity Fund (earlier known as Mirae Asset India Opportunities Fund) is offered and managed by Mirae Asset Mutual Fund. The investment objective of Mirae Asset India Equity Fund is to attain capital growth in the long-term by Investing in stocks equity and equity-related securities. The portfolio of Mirae Asset India Equity Fund is constructed on the basis of core and tactical portions. Here, the core portion takes care of investing in quality businesses from a long-term perspective and the tactical portion tries to take advantage of short and medium-term opportunities. Mirae Asset India Equity Fund uses S&P BSE 200 Index as its benchmark to construct its portfolio. Some of the features of this Mirae Asset India Mutual Fund are risk mitigation, bottom-up approach of stock selection, and active portfolio management.

Nippon India Large Cap Funds (Formerly Reliance Large Cap Fund)

Important- From October 2019, Reliance Mutual Fund has been renamed as Nippon India Mutual Fund. Nippon Life has acquired majority (75%) stakes in Reliance Nippon Asset Management (RNAM). The company will continue to run its operations without any change in structure and management.

This large cap fund aims for capital appreciation in the long-term by mainly investing in equity and equity-related instruments of large-cap companies. Additionally, it also aims to invest in fixed income and money market instruments with an objective of earning consistent returns. Reliance Large Cap Fund was incepted on August 08, 2007, and is jointly managed by Mr. Sailesh Raj Bhan and Mr. Ashwani Kumar. This scheme aims to invest in growth companies having reasonable valuations and generate high returns on equity. The scheme also identifies the companies that are potential leaders and have established business models along with sustainable cash flows. HDFC Bank Limited, State Bank of India, Larsen & Toubro Limited, Tata Steel Limited, and Infosys Limited are some of the top holdings that form part of Nippon India/Reliance Large Cap Fund’s portfolio as on March 31, 2018.

Mirae Asset India Equity Fund Vs Nippon India/Reliance Large Cap Fund

Though Mirae Asset India Equity Fund and Reliance Large Cap Fund belong to the same category of Equity Funds, nevertheless; there are numerous differences between them. So, let us analyze the differences between the schemes with the help of the following sections listed below.

Basics Section

It is the first section in the comparison of both the schemes. The parameters that form part of the basics section include current NAV, scheme category, and Fincash Rating. To begin with the current NAV, it can be said that there exists a difference between both the schemes. The NAV of Mirae Asset India Equity Fund was approximately INR 47 and of Reliance Large Cap Fund was around INR 32 as on April 30, 2018. With respect to Fincash Rating, it can be said that Mirae Asset India Equity Fund is a 5-Star rated scheme and Nippon India/Reliance Large Cap Fund is a 4-Star rated scheme. The comparison of scheme category shows that both the schemes belong to the same category of Equity Large Cap. The table given below shows the comparison of the basics section.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
Mirae Asset India Equity Fund 
Growth
Fund Details
₹53.546 ↑ 0.12   (0.22 %)
₹18,450 on 30 Sep 20
4 Apr 08
Equity
Multi Cap
19
Moderately High
1.37
0.04
-0.01
2.23
Not Available
0-1 Years (1%),1 Years and above(NIL)
Nippon India Large Cap Fund
Growth
Fund Details
₹30.7919 ↑ 0.05   (0.18 %)
₹9,746 on 30 Sep 20
8 Aug 07
Equity
Large Cap
20
Moderately High
2.28
-0.32
-0.86
-11.14
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

The comparison of Compounded Annual Growth Rate or CAGR returns at different time intervals is done in the performance section. These time intervals include 1 Month Return, 6 Month Return, 3 Year Return, 5 Year Return, and Return since Inception. The comparison of the performance section states that in many instances, Mirae Asset India Equity Fund leads the race. The summary of performance section is as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Mirae Asset India Equity Fund 
Growth
Fund Details
1.7%
8.1%
26.2%
3.8%
5.2%
10%
14.3%
Nippon India Large Cap Fund
Growth
Fund Details
-0.7%
4.5%
16.1%
-9.1%
0%
5.1%
8.9%

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Yearly Performance Section

Absolute Returns of the schemes generated for each year is compared in the yearly performance section. The comparison of absolute returns also states that Mirae Asset India Equity Fund has performed better in many years. The summary of the yearly performance section is tabulated as follows.

Parameters
Yearly Performance2019
2018
2017
2016
2015
Mirae Asset India Equity Fund 
Growth
Fund Details
12.7%
-0.6%
38.6%
8.1%
4.3%
Nippon India Large Cap Fund
Growth
Fund Details
7.3%
-0.2%
38.4%
2.2%
1.1%

Other Details Section

AUM, minimum SIP and lumpsum investment, and other related parameters are the elements that form part of the other details section. It is the last section in the comparison of the schemes. With respect to the AUM, it can be said that there is a difference between both the schemes on account of AUM. As on March 31, 2018, the AUM of Mirae Asset India Equity Fund was around INR 6,775 Crores and of Reliance Large Cap Fund was nearly INR 8,825 Crores. The minimum lumpsum investment for both the schemes is same, that is, INR 5,000. However, there is a difference in the minimum SIP investment of the schemes. The minimum SIP investment in case of Mirae Asset Mutual Fund’s scheme is INR 1,000 and of Nippon India/Reliance Mutual Fund’s scheme is INR 100. The summary comparison of the other details section is as shown below.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Mirae Asset India Equity Fund 
Growth
Fund Details
₹1,000
₹5,000
Harshad Borawake - 3.42 Yr.
Nippon India Large Cap Fund
Growth
Fund Details
₹100
₹5,000
Sailesh Raj Bhan - 13.16 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Mirae Asset India Equity Fund 
Growth
Fund Details
DateValue
30 Sep 15₹10,000
30 Sep 16₹11,362
30 Sep 17₹13,780
30 Sep 18₹14,797
30 Sep 19₹15,866
30 Sep 20₹16,027
Growth of 10,000 investment over the years.
Nippon India Large Cap Fund
Growth
Fund Details
DateValue
30 Sep 15₹10,000
30 Sep 16₹11,052
30 Sep 17₹12,972
30 Sep 18₹14,071
30 Sep 19₹14,552
30 Sep 20₹12,809

Detailed Assets & Holdings Comparison

Asset Allocation
Mirae Asset India Equity Fund 
Growth
Fund Details
Asset ClassValue
Cash0.56%
Equity99.43%
Other0.01%
Equity Sector Allocation
SectorValue
Financial Services29.79%
Energy14.94%
Technology12.56%
Consumer Defensive11.18%
Consumer Cyclical9.3%
Industrials7.72%
Health Care6.58%
Communication Services4.23%
Utility1.37%
Basic Materials1.27%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
11%₹2,007 Cr9,644,492
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
10%₹1,799 Cr16,117,823
↑ 262,337
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
7%₹1,362 Cr14,668,730
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹1,294 Cr32,780,586
↑ 1,509,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
4%₹688 Cr13,853,484
↑ 307,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL
4%₹680 Cr13,259,166
↑ 7,081,481
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS
4%₹648 Cr2,869,869
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Sep 15 | 500696
3%₹584 Cr2,759,629
↑ 705,862
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
3%₹545 Cr5,765,374
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | MARUTI
3%₹542 Cr793,015
Asset Allocation
Nippon India Large Cap Fund
Growth
Fund Details
Asset ClassValue
Cash0.43%
Equity99.57%
Equity Sector Allocation
SectorValue
Financial Services26.57%
Technology14.93%
Industrials9.43%
Consumer Defensive9.41%
Energy7.86%
Consumer Cyclical7.53%
Communication Services5.83%
Basic Materials5.34%
Utility4.56%
Health Care4.24%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 30 Sep 07 | INFY
8%₹766 Cr7,600,084
↑ 600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 08 | HDFCBANK
7%₹680 Cr6,300,000
↓ -200,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
6%₹568 Cr13,500,683
↑ 4,900,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | 532215
5%₹531 Cr12,500,080
↓ -500,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 16 | ITC
5%₹515 Cr30,000,000
↓ -2,500,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 10 | SBIN
5%₹464 Cr25,000,000
↓ -1,000,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
5%₹461 Cr13,000,500
↓ -3,499,500
HCL Technologies Ltd (Technology)
Equity, Since 31 Aug 19 | HCLTECH
4%₹390 Cr4,800,927
↑ 300,000
Reliance Industries Limited - Partly Paid Up
Equity, Since 30 Jun 20 | -
4%₹376 Cr2,800,000
↑ 2,800,000
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Jan 17 | TATASTEEL
3%₹309 Cr8,600,316
↑ 100,000

Thus, to conclude in a nutshell, it can be said that both the schemes differ on numerous accounts. Consequently, individuals should be cautious while investing in any of the schemes. They should understand whether the scheme matches their investment objectives or not. Additionally, they should understand the functioning of the scheme thoroughly. If required, individuals can also consult a financial advisor. This will help individuals to attain their objective on time and ensure that their investment is safe.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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