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Fincash » Mutual Funds » Mirae Asset India Equity Fund

Mirae Asset India Equity Fund  - G

NAV  ₹104.387 ↓ -0.15  (-0.14 %) as on 21 Jun 24

(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 2023 was 18.4% , 2022 was 1.6% and 2021 was 27.7% .

Below is the key information for Mirae Asset India Equity Fund 

NAV as on 21 Jun 24₹104.387 ↓ -0.15  (-0.14 %)
Net Assets (AUM) as on 31 May 2024 ₹37,631 Cr.
Launch Date4 Apr 2008
CategoryEquity - Multi Cap
Rating
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio-2.9
Expense Ratio1.21 %
Sharpe Ratio1.392
Information Ratio-0.84
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 21 Jun 24

DurationReturns
1 Month 5.5%
3 Month 9.6%
6 Month 12.1%
1 Year 25%
3 Year 13.9%
5 Year 15.1%
10 Year
15 Year
Since launch 15.6%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 18.4%
2022 1.6%
2021 27.7%
2020 13.7%
2019 12.7%
2018 -0.6%
2017 38.6%
2016 8.1%
2015 4.3%

Growth of 10k Over Years

DateValue
31 May 19₹10,000
31 May 20₹8,195
31 May 21₹13,234
31 May 22₹14,196
31 May 23₹15,598
31 May 24₹18,917
Mirae Asset India Equity Fund  Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.77%
Equity99.23%
Other0%
Mirae Asset India Equity Fund  Asset Allocation

Sector Allocation

SectorValue
Financial Services36.55%
Technology11.9%
Consumer Cyclical9.62%
Energy8.49%
Basic Materials7.9%
Consumer Defensive7.31%
Industrials6.8%
Health Care5.38%
Communication Services3.73%
Utility1.57%
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%₹3,727 Cr24,520,325
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional8%₹3,104 Cr26,977,921
↓ -3,482,261
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
Oil & Gas Refining & Marketing8%₹2,975 Cr10,139,345
↓ -14,000
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
Information Technology Services6%₹2,293 Cr16,142,509
↑ 272,721
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
Banks - Regional5%₹1,963 Cr16,839,927
↓ -396,198
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
Banks - Regional4%₹1,580 Cr19,124,564
↓ -3,389,763
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
Engineering & Construction4%₹1,386 Cr3,856,728
↓ -6,980
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL
Telecom Services4%₹1,352 Cr10,222,404
↓ -1,481,199
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK
Banks - Regional3%₹1,192 Cr7,339,503
↓ -270,205
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
Tobacco3%₹1,136 Cr26,083,940
↑ 2,706,073
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Fund Managers

NameSinceTenure
Gaurav Misra31 Jan 195.25 Yr.

Custodians

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

Registrar & Transfer Agent

KFin Technologies Ltd
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Mirae Asset Investment Managers (India) Private LimitedMirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098

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
₹104.387
↓ -0.15
12.07 %25.02 %13.92 %15.13 %
Mirae Asset India Equity Fund 
Normal Dividend, Reinvestment
₹28.999
↓ -0.04
11.35 %24.23 %13.68 %14.5 %
Mirae Asset India Equity Fund 
Normal Dividend, Payout
₹28.999
↓ -0.04
11.35 %24.23 %13.68 %14.5 %
Data as on 21 Jun 24

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