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Fincash » Mutual Funds » Mirae Asset India Equity Fund

Mirae Asset India Equity Fund  - G

NAV  ₹83.127 ↓ -0.60  (-0.72 %) as on 19 Oct 21

(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 16.9% since its launch.  Ranked 19 in Multi Cap category.  Return for 2020 was 13.7% , 2019 was 12.7% and 2018 was -0.6% .

Below is the key information for Mirae Asset India Equity Fund 

NAV as on 19 Oct 21₹83.127 ↓ -0.60  (-0.72 %)
Net Assets (AUM) as on 30 Sep 2021 ₹30,456 Cr.
Launch Date4 Apr 2008
CategoryEquity - Multi Cap
Rating
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio4.75
Expense Ratio1.31 %
Sharpe Ratio3.376
Information Ratio0.1
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 19 Oct 21

DurationReturns
1 Month 4.4%
3 Month 15.6%
6 Month 30.2%
1 Year 55.6%
3 Year 22.2%
5 Year 17.4%
10 Year
15 Year
Since launch 16.9%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2020 13.7%
2019 12.7%
2018 -0.6%
2017 38.6%
2016 8.1%
2015 4.3%
2014 52.9%
2013 8.9%
2012 33.3%

Growth of 10k Over Years

DateValue
30 Sep 16₹10,000
30 Sep 17₹12,128
30 Sep 18₹13,023
30 Sep 19₹13,965
30 Sep 20₹14,106
30 Sep 21₹21,767
Mirae Asset India Equity Fund  Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash1.15%
Equity98.84%
Other0%
Mirae Asset India Equity Fund  Asset Allocation

Sector Allocation

SectorValue
Financial Services36.73%
Technology15.69%
Energy9.13%
Industrials8.15%
Consumer Cyclical6.63%
Consumer Defensive6.3%
Health Care6.27%
Basic Materials4.98%
Communication Services3.91%
Utility1.05%
Mirae Asset India Equity Fund  Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
Information Technology Services9%₹2,725 Cr15,969,087
↓ -473,933
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
Banks - Regional9%₹2,612 Cr16,514,451
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional9%₹2,518 Cr35,018,199
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
Oil & Gas Refining & Marketing7%₹2,121 Cr9,392,068
↓ -325,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
Banks - Regional5%₹1,438 Cr18,277,484
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
Banks - Regional4%₹1,225 Cr28,747,748
↑ 4,337,526
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS
Information Technology Services4%₹1,162 Cr3,069,768
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL
Telecom Services3%₹979 Cr14,737,761
↓ -1,749,468
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Sep 15 | 500696
Household & Personal Products2%₹735 Cr2,696,647
↓ -534,964
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
Engineering & Construction2%₹673 Cr4,025,716
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Fund Managers

NameSinceTenure
Harshad Borawake1 May 174.34 Yr.
Gaurav Misra31 Jan 192.59 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 Investment Managers (India) Private LimitedIndia

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
₹83.127
↓ -0.60
30.16 %55.58 %22.24 %17.4 %
Mirae Asset India Equity Fund 
Normal Dividend, Reinvestment
₹25.093
↓ -0.18
30.16 %54.46 %20.71 %16.53 %
Mirae Asset India Equity Fund 
Normal Dividend, Payout
₹25.093
↓ -0.18
30.16 %54.46 %20.71 %16.53 %
Data as on 19 Oct 21

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