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Fincash » Mutual Funds » Mirae Asset India Equity Fund

Mirae Asset India Equity Fund  - G

NAV  ₹79.951 ↓ -0.09  (-0.11 %) as on 18 Aug 22

(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 2021 was 27.7% , 2020 was 13.7% and 2019 was 12.7% .

Below is the key information for Mirae Asset India Equity Fund 

NAV as on 18 Aug 22₹79.951 ↓ -0.09  (-0.11 %)
Net Assets (AUM) as on 30 Jun 2022 ₹30,299 Cr.
Launch Date4 Apr 2008
CategoryEquity - Multi Cap
Rating
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio-1.7
Expense Ratio1.31 %
Sharpe Ratio-0.279
Information Ratio-0.27
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 18 Aug 22

DurationReturns
1 Month 8.5%
3 Month 10.7%
6 Month 3.6%
1 Year 7%
3 Year 17.7%
5 Year 12.7%
10 Year
15 Year
Since launch 15.6%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2021 27.7%
2020 13.7%
2019 12.7%
2018 -0.6%
2017 38.6%
2016 8.1%
2015 4.3%
2014 52.9%
2013 8.9%

Growth of 10k Over Years

DateValue
31 Jul 17₹10,000
31 Jul 18₹10,972
31 Jul 19₹11,054
31 Jul 20₹11,125
31 Jul 21₹16,172
31 Jul 22₹17,149
Mirae Asset India Equity Fund  Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash1.11%
Equity98.89%
Other0%
Mirae Asset India Equity Fund  Asset Allocation

Sector Allocation

SectorValue
Financial Services35.82%
Technology14.48%
Energy8.11%
Health Care7.99%
Consumer Cyclical7.94%
Industrials7.83%
Consumer Defensive6.52%
Basic Materials5.31%
Communication Services3.72%
Utility1.17%
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%₹2,888 Cr21,420,695
↑ 529,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional9%₹2,705 Cr38,249,990
↑ 452,992
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
Information Technology Services8%₹2,451 Cr16,768,530
↑ 10,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
Oil & Gas Refining & Marketing7%₹2,096 Cr8,076,253
↑ 25,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
Banks - Regional4%₹1,233 Cr19,369,253
↑ 466,447
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
Banks - Regional4%₹1,171 Cr25,123,773
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL
Telecom Services3%₹1,037 Cr15,143,869
↑ 1,892,607
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Sep 15 | HINDUNILVR
Household & Personal Products3%₹994 Cr4,453,967
↓ -29,471
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS
Information Technology Services3%₹896 Cr2,743,802
↑ 92,775
HCL Technologies Ltd (Technology)
Equity, Since 31 May 21 | HCLTECH
Information Technology Services2%₹702 Cr7,209,707
↑ 628,958
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Fund Managers

NameSinceTenure
Gaurav Khandelwal18 Oct 210.79 Yr.
Gaurav Misra31 Jan 193.5 Yr.

Custodians

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

Registrar & Transfer Agent

KFin Technologies Limited
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
₹79.951
↓ -0.09
3.55 %7.05 %17.7 %12.69 %
Mirae Asset India Equity Fund 
Normal Dividend, Reinvestment
₹24.134
↓ -0.03
3.55 %7.05 %16.87 %11.84 %
Mirae Asset India Equity Fund 
Normal Dividend, Payout
₹24.134
↓ -0.03
3.55 %7.05 %16.87 %11.84 %
Data as on 18 Aug 22

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