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Fincash » Mutual Funds » Mirae Asset India Equity Fund

Mirae Asset India Equity Fund  - G

NAV  ₹50.529 ↓ -0.45   (-0.87 %) as on 19 Jul 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 15.4% 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 19 Jul 19₹50.529 ↓ -0.45   (-0.87 %)
Net Assets (AUM) as on 30 Apr 2019 ₹12,315 Cr.
Launch Date4 Apr 2008
CategoryEquity - Multi Cap
Rating
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio0.87
Expense Ratio2.17 %
Sharpe Ratio0.416
Information Ratio0.61
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 Jul 19

DurationReturns
1 Month -1.3%
3 Month -1.9%
6 Month 5.4%
1 Year 8.1%
3 Year 13%
5 Year 13.4%
10 Year
15 Year
Since launch 15.4%

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
30 Jun 14₹10,000
30 Jun 15₹12,195
30 Jun 16₹12,745
30 Jun 17₹15,891
30 Jun 18₹17,474
30 Jun 19₹19,592
Mirae Asset India Equity Fund  Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash4.67%
Equity95.33%
Mirae Asset India Equity Fund  Asset Allocation

Sector Allocation

SectorValue
Financial Services35.26%
Consumer Cyclical10.31%
Technology10.22%
Energy7.85%
Industrials7.54%
Consumer Defensive7.5%
Basic Materials7.31%
Health Care6.26%
Utility2.39%
Communication Services0.7%
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%₹1,118 Cr4,610,480
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional - Asia6%₹735 Cr17,348,291
↑ 511,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
Oil & Gas Refining & Marketing5%₹681 Cr5,122,882
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
Banks - Regional - Asia5%₹620 Cr7,674,614
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
Engineering & Construction4%₹538 Cr3,454,809
↑ 216,000
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
Banks - Regional - Asia4%₹518 Cr14,687,389
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
Information Technology Services4%₹512 Cr6,944,121
↑ 1,015,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS
Information Technology Services4%₹502 Cr2,284,972
↑ 221,180
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
Specialty Finance3%₹400 Cr1,830,451
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | MARUTI
Auto Manufacturers3%₹373 Cr543,000
↑ 20,000
1 - 10 of 65
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Fund Managers

NameSinceTenure
Neelesh Surana10 Mar 0811.15 Yr.
Harshad Borawake1 May 172 Yr.
Gaurav Misra31 Jan 190.24 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
₹50.529
↓ -0.45
5.36 %8.08 %13.05 %13.36 %
Mirae Asset India Equity Fund 
Normal Dividend, Reinvestment
₹17.936
↓ -0.16
5.36 %6.32 %12.49 %13.02 %
Mirae Asset India Equity Fund 
Normal Dividend, Payout
₹17.936
↓ -0.16
5.36 %6.32 %12.49 %13.02 %
Data as on 19 Jul 19

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