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Fincash » Mutual Funds » Mirae Asset India Equity Fund

Mirae Asset India Equity Fund  - G

NAV  ₹53.209 ↓ 0.02   (0.04 %) as on 11 Nov 19

(Erstwhile Mirae Asset India Opportunities Fund)

Scheme Objective

The investment objective of the scheme is to generate long term capital appreciation by capitalizing on potential investment opportunities through predominantly investing in equities, equity related securities.

Mirae Asset India Equity Fund  is a Equity - Multi Cap fund launched on 4 Apr 08. It is a fund with Moderately High risk and has given a CAGR return of 15.5% since its launch.  Ranked 19 in Multi Cap category.  Return for 2018 was -0.6% , 2017 was 38.6% and 2016 was 8.1% .

Below is the key information for Mirae Asset India Equity Fund 

NAV as on 11 Nov 19₹53.209 ↓ 0.02   (0.04 %)
Net Assets (AUM) as on 30 Sep 2019 ₹14,917 Cr.
Launch Date4 Apr 2008
CategoryEquity - Multi Cap
Rating
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio1.61
Expense Ratio2.17 %
Sharpe Ratio0.361
Information Ratio0.32
BenchmarkNot Available
Min Investment ₹5,000
Min SIP Investment ₹1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 11 Nov 19

DurationReturns
1 Month 6.7%
3 Month 8%
6 Month 7.3%
1 Year 13.3%
3 Year 13.9%
5 Year 11.7%
10 Year
15 Year
Since launch 15.5%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2018 -0.6%
2017 38.6%
2016 8.1%
2015 4.3%
2014 52.9%
2013 8.9%
2012 33.3%
2011 -19.6%
2010 23.1%

Growth of 10k Over Years

DateValue
31 Oct 14₹10,000
31 Oct 15₹10,688
31 Oct 16₹12,417
31 Oct 17₹15,493
31 Oct 18₹15,332
31 Oct 19₹17,654
Mirae Asset India Equity Fund  Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash3.64%
Equity96.36%
Debt0%
Mirae Asset India Equity Fund  Asset Allocation

Sector Allocation

SectorValue
Financial Services36.42%
Energy9.22%
Consumer Cyclical9.14%
Consumer Defensive8.95%
Technology8.81%
Industrials7.44%
Health Care6.28%
Basic Materials5.97%
Utility2.72%
Communication Services1.41%
Mirae Asset India Equity Fund  Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
Banks - Regional - Asia9%₹1,396 Cr11,370,912
↑ 143,428
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional - Asia7%₹985 Cr22,709,454
↑ 1,154,123
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
Oil & Gas Refining & Marketing6%₹907 Cr6,805,705
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
Tobacco4%₹663 Cr25,515,540
↑ 2,846,046
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
Banks - Regional - Asia4%₹662 Cr9,665,638
↑ 317,965
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
Banks - Regional - Asia4%₹642 Cr23,694,443
↑ 5,351,152
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
Engineering & Construction4%₹616 Cr4,181,467
↑ 179,122
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
Information Technology Services4%₹554 Cr6,880,800
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS
Information Technology Services3%₹510 Cr2,430,069
↑ 145,097
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK
Banks - Regional - Asia3%₹392 Cr2,385,150
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Fund Managers

NameSinceTenure
Neelesh Surana10 Mar 0811.48 Yr.
Harshad Borawake1 May 172.33 Yr.
Gaurav Misra31 Jan 190.58 Yr.

Custodians

CompanyAddress
Deutsche Bank AGDeutsche Bank AG,Kodak House, 22, D.N. Road,

Registrar & Transfer Agent

Karvy Fintech Pvt Ltd.
Address"KARVY HOUSE",46, Avenue 4, Street No.1,,Banjara Hills,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Mirae Asset Mutual FundUnit No.606, Windsor Building Off.,C.S.T Road, Kalina Santacruz E

Auditors

CompanyAddress
M/s. Chokshi & Chokshi101/102, Kshamalaya 1st Floor,,37, Sir V. Thackersey Marg,

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Mirae Asset India Equity Fund 
Growth
₹53.209
↑ 0.02
7.3 %13.3 %13.94 %11.71 %
Mirae Asset India Equity Fund 
Normal Dividend, Reinvestment
₹18.888
↑ 0.01
7.31 %11.46 %13.35 %11.38 %
Mirae Asset India Equity Fund 
Normal Dividend, Payout
₹18.888
↑ 0.01
7.31 %11.46 %13.35 %11.38 %
Data as on 11 Nov 19

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.