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Fincash » Mutual Funds » Mirae Asset India Equity Fund

Mirae Asset India Equity Fund  - G

NAV  ₹47.959 ↓ -0.13   (-0.28 %) as on 18 Jan 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 15.6% 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 18 Jan 19₹47.959 ↓ -0.13   (-0.28 %)
Net Assets (AUM) as on 30 Nov 2018 ₹9,697 Cr.
Launch Date4 Apr 2008
CategoryEquity - Multi Cap
Rating
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio-0.75
Expense Ratio2.17 %
Sharpe Ratio0.041
Information Ratio0.81
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 Jan 19

DurationReturns
1 Month -0.9%
3 Month 4.6%
6 Month 2.2%
1 Year -2.6%
3 Year 17.3%
5 Year 18.9%
10 Year
15 Year
Since launch 15.6%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2017 -0.6%
2016 38.6%
2015 8.1%
2014 4.3%
2013 52.9%
2012 8.9%
2011 33.3%
2010 -19.6%
2009 23.1%

Growth of 10k Over Years

DateValue
31 Dec 13₹10,000
31 Dec 14₹15,286
31 Dec 15₹15,936
31 Dec 16₹17,225
31 Dec 17₹23,871
31 Dec 18₹23,719

Asset Allocation

Asset ClassValue
Cash3.13%
Equity96.5%
Other0.36%

Sector Allocation

SectorValue
Financial Services33.4%
Consumer Cyclical10.98%
Basic Materials9.86%
Technology9.53%
Energy9.26%
Consumer Defensive7.54%
Industrials7.42%
Health Care6.64%
Utility1.35%
Communication Services0.53%

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
Banks - Regional - Asia9%₹915 Cr4,311,034
↑ 376,176
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
Oil & Gas Refining & Marketing6%₹574 Cr5,122,882
↑ 280,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional - Asia5%₹491 Cr13,619,349
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
Banks - Regional - Asia5%₹470 Cr7,575,272
↑ 930,385
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
Engineering & Construction4%₹368 Cr2,561,756
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS
Information Technology Services4%₹355 Cr1,876,792
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
Banks - Regional - Asia4%₹354 Cr11,967,764
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
Tobacco3%₹312 Cr11,077,874
↑ 776,180
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK
Banks - Regional - Asia3%₹300 Cr2,385,150
↓ -365,000
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
Information Technology Services3%₹294 Cr4,465,015
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Fund Managers

NameSinceTenure
Neelesh Surana10 Mar 0810.65 Yr.
Harshad Borawake1 May 171.5 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
₹47.959
↓ -0.13
2.2 %-2.62 %17.34 %18.94 %
Mirae Asset India Equity Fund 
Normal Dividend, Reinvestment
₹17.024
↓ -0.05
0.54 %-4.17 %16.76 %18.58 %
Mirae Asset India Equity Fund 
Normal Dividend, Payout
₹17.024
↓ -0.05
0.54 %-4.17 %16.76 %18.58 %
Data as on 18 Jan 19

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