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Fincash » Mutual Funds » Mirae Asset India Equity Fund

Mirae Asset India Equity Fund  - G

NAV  ₹39.845 ↓ 3.10   (8.47 %) as on 8 Apr 20

(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 12.2% since its launch.  Ranked 19 in Multi Cap category.  Return for 2019 was 12.7% , 2018 was -0.6% and 2017 was 38.6% .

Below is the key information for Mirae Asset India Equity Fund 

NAV as on 8 Apr 20₹39.845 ↓ 3.10   (8.47 %)
Net Assets (AUM) as on 29 Feb 2020 ₹16,734 Cr.
Launch Date4 Apr 2008
CategoryEquity - Multi Cap
Rating
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio2.0
Expense Ratio2.17 %
Sharpe Ratio0.311
Information Ratio0.42
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 8 Apr 20

DurationReturns
1 Month -20.1%
3 Month -25.6%
6 Month -19.1%
1 Year -21.6%
3 Year -0.1%
5 Year 3.5%
10 Year
15 Year
Since launch 12.2%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2019 12.7%
2018 -0.6%
2017 38.6%
2016 8.1%
2015 4.3%
2014 52.9%
2013 8.9%
2012 33.3%
2011 -19.6%

Growth of 10k Over Years

DateValue
31 Mar 15₹10,000
31 Mar 16₹9,586
31 Mar 17₹12,302
31 Mar 18₹13,820
31 Mar 19₹15,779
31 Mar 20₹11,976
Mirae Asset India Equity Fund  Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.91%
Equity99.09%
Other0.01%
Mirae Asset India Equity Fund  Asset Allocation

Sector Allocation

SectorValue
Financial Services39.19%
Energy11.56%
Industrials9.52%
Consumer Cyclical9.47%
Technology9.24%
Consumer Defensive8.86%
Health Care5.98%
Basic Materials2.58%
Utility1.87%
Communication Services0.82%
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 - Regional10%₹1,710 Cr14,518,565
↑ 1,287,253
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional8%₹1,290 Cr25,934,629
↑ 480,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
Oil & Gas Refining & Marketing8%₹1,273 Cr9,577,476
↑ 1,844,787
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
Information Technology Services5%₹906 Cr12,381,597
↑ 740,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
Banks - Regional5%₹765 Cr10,965,638
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
Banks - Regional4%₹736 Cr24,281,723
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
Engineering & Construction4%₹705 Cr5,934,374
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | MARUTI
Auto Manufacturers3%₹528 Cr839,757
↑ 184,346
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
Tobacco3%₹516 Cr26,118,817
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS
Information Technology Services3%₹505 Cr2,525,302
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Fund Managers

NameSinceTenure
Harshad Borawake1 May 172.67 Yr.
Gaurav Misra31 Jan 190.92 Yr.

Custodians

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

Registrar & Transfer Agent

KFin Technologies Private Limited
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
₹39.845
↑ 3.10
-19.1 %-21.62 %-0.13 %3.54 %
Mirae Asset India Equity Fund 
Normal Dividend, Reinvestment
₹13.04
↑ 1.02
-20.23 %-22.72 %-1.11 %2.95 %
Mirae Asset India Equity Fund 
Normal Dividend, Payout
₹13.04
↑ 1.02
-20.23 %-22.72 %-1.11 %2.95 %
Data as on 8 Apr 20

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