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Fincash » Mutual Funds » Mirae Asset India Equity Fund

Mirae Asset India Equity Fund  - G

NAV  ₹55.17 ↓ -0.02   (-0.03 %) as on 17 Jan 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 15.6% 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 17 Jan 20₹55.17 ↓ -0.02   (-0.03 %)
Net Assets (AUM) as on 30 Nov 2019 ₹16,519 Cr.
Launch Date4 Apr 2008
CategoryEquity - Multi Cap
Rating
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio1.06
Expense Ratio2.17 %
Sharpe Ratio0.794
Information Ratio0.29
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 17 Jan 20

DurationReturns
1 Month 1.9%
3 Month 7.7%
6 Month 6.7%
1 Year 14.7%
3 Year 15.1%
5 Year 11.5%
10 Year
15 Year
Since launch 15.6%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2018 12.7%
2017 -0.6%
2016 38.6%
2015 8.1%
2014 4.3%
2013 52.9%
2012 8.9%
2011 33.3%
2010 -19.6%

Growth of 10k Over Years

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,425
31 Dec 16₹11,269
31 Dec 17₹15,616
31 Dec 18₹15,517
31 Dec 19₹17,491
Mirae Asset India Equity Fund  Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash4.77%
Equity95.23%
Mirae Asset India Equity Fund  Asset Allocation

Sector Allocation

SectorValue
Financial Services37.93%
Energy10.28%
Technology8.95%
Consumer Cyclical8.63%
Industrials8%
Consumer Defensive7.93%
Health Care6.39%
Basic Materials3.35%
Utility2.26%
Communication Services1.52%
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
9%₹1,527 Cr11,978,360
↑ 607,448
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹1,164 Cr22,709,454
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
6%₹1,014 Cr6,535,191
↓ -270,514
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
5%₹830 Cr24,281,723
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
5%₹811 Cr11,641,597
↑ 551,915
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
4%₹714 Cr9,665,638
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
4%₹679 Cr5,105,266
↑ 923,799
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
4%₹644 Cr26,118,817
Tri Party Repo
CBLO/Reverse Repo | -
3%₹523 Cr
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS
3%₹519 Cr2,525,302
↑ 95,233
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Fund Managers

NameSinceTenure
Neelesh Surana10 Mar 0811.65 Yr.
Harshad Borawake1 May 172.5 Yr.
Gaurav Misra31 Jan 190.75 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
₹55.17
↓ -0.02
6.68 %14.72 %15.06 %11.55 %
Mirae Asset India Equity Fund 
Normal Dividend, Reinvestment
₹18.056
↓ -0.01
5.19 %13.12 %13.93 %10.91 %
Mirae Asset India Equity Fund 
Normal Dividend, Payout
₹18.056
↓ -0.01
5.19 %13.12 %13.93 %10.91 %
Data as on 17 Jan 20

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