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Fincash » Mutual Funds » Mirae Asset India Equity Fund

Mirae Asset India Equity Fund  - G

NAV  ₹75.092 ↓ -0.55  (-0.73 %) as on 24 Mar 23

(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 14.4% since its launch.  Ranked 19 in Multi Cap category.  Return for 2022 was 1.6% , 2021 was 27.7% and 2020 was 13.7% .

Below is the key information for Mirae Asset India Equity Fund 

NAV as on 24 Mar 23₹75.092 ↓ -0.55  (-0.73 %)
Net Assets (AUM) as on 28 Feb 2023 ₹32,911 Cr.
Launch Date4 Apr 2008
CategoryEquity - Multi Cap
Rating
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio0.22
Expense Ratio1.23 %
Sharpe Ratio-0.141
Information Ratio-0.36
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 24 Mar 23

DurationReturns
1 Month -3%
3 Month -4.2%
6 Month -3.3%
1 Year -1.6%
3 Year 28.5%
5 Year 11.1%
10 Year
15 Year
Since launch 14.4%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2022 1.6%
2021 27.7%
2020 13.7%
2019 12.7%
2018 -0.6%
2017 38.6%
2016 8.1%
2015 4.3%
2014 52.9%

Growth of 10k Over Years

DateValue
28 Feb 18₹10,000
28 Feb 19₹10,136
29 Feb 20₹10,798
28 Feb 21₹13,899
28 Feb 22₹15,947
28 Feb 23₹16,368
Mirae Asset India Equity Fund  Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.62%
Equity99.37%
Other0%
Mirae Asset India Equity Fund  Asset Allocation

Sector Allocation

SectorValue
Financial Services37.3%
Technology13.02%
Consumer Cyclical10.22%
Energy8.11%
Industrials7.91%
Consumer Defensive6.59%
Health Care6.1%
Basic Materials4.83%
Communication Services3.69%
Utility1.61%
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 - Regional11%₹3,615 Cr22,546,579
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional9%₹2,925 Cr35,161,348
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
Information Technology Services7%₹2,458 Cr16,027,333
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
Oil & Gas Refining & Marketing7%₹2,451 Cr10,413,270
↑ 1,348,589
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
Banks - Regional5%₹1,579 Cr18,120,703
↓ -243,309
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL
Telecom Services4%₹1,232 Cr15,993,386
↑ 80,212
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
Banks - Regional3%₹1,121 Cr20,260,399
↓ -834,440
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
Mortgage Finance3%₹1,049 Cr4,000,090
↑ 512,805
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
Engineering & Construction3%₹999 Cr4,703,308
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | MARUTI
Auto Manufacturers3%₹969 Cr1,088,850
↓ -82,206
1 - 10 of 65
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Fund Managers

NameSinceTenure
Gaurav Khandelwal18 Oct 211.29 Yr.
Gaurav Misra31 Jan 194.01 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
₹75.092
↓ -0.55
-3.29 %-1.56 %28.49 %11.09 %
Mirae Asset India Equity Fund 
Normal Dividend, Reinvestment
₹22.668
↓ -0.17
-3.29 %-1.56 %28.18 %10.25 %
Mirae Asset India Equity Fund 
Normal Dividend, Payout
₹22.668
↓ -0.17
-3.29 %-1.56 %28.18 %10.25 %
Data as on 24 Mar 23

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