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Fincash » Mutual Funds » Mirae Asset India Equity Fund

Mirae Asset India Equity Fund  - G

NAV  ₹48.382 ↓ -0.15  (-0.30 %) as on 10 Jul 20

(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 13.7% since its launch.  Ranked 19 in Multi Cap category.  Return for 2019 was 12.7% , 2018 was -0.6% and 2017 was 38.6% .

Below is the key information for Mirae Asset India Equity Fund 

NAV as on 10 Jul 20₹48.382 ↓ -0.15  (-0.30 %)
Net Assets (AUM) as on 30 Apr 2020 ₹15,347 Cr.
Launch Date4 Apr 2008
CategoryEquity - Multi Cap
Rating
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio0.84
Expense Ratio2.17 %
Sharpe Ratio-0.442
Information Ratio0.05
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 10 Jul 20

DurationReturns
1 Month 7%
3 Month 17.1%
6 Month -11.4%
1 Year -4.8%
3 Year 3.7%
5 Year 8.1%
10 Year
15 Year
Since launch 13.7%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2019 12.7%
2018 -0.6%
2017 38.6%
2016 8.1%
2015 4.3%
2014 52.9%
2013 8.9%
2012 33.3%
2011 -19.6%

Growth of 10k Over Years

DateValue
30 Jun 15₹10,000
30 Jun 16₹10,451
30 Jun 17₹13,030
30 Jun 18₹14,329
30 Jun 19₹16,066
30 Jun 20₹14,262
Mirae Asset India Equity Fund  Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash2.86%
Equity97.13%
Other0.01%
Mirae Asset India Equity Fund  Asset Allocation

Sector Allocation

SectorValue
Financial Services33.04%
Energy12.6%
Consumer Defensive11.13%
Technology10.02%
Consumer Cyclical9.27%
Industrials8.39%
Health Care6.72%
Basic Materials3.07%
Utility1.9%
Communication Services0.89%
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%₹1,509 Cr15,855,486
↑ 936,014
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
Oil & Gas Refining & Marketing9%₹1,427 Cr9,744,492
↓ -425,984
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
Information Technology Services6%₹965 Cr13,959,885
↑ 209,941
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional6%₹937 Cr28,220,363
↑ 1,263,602
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
Engineering & Construction4%₹553 Cr5,934,374
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS
Information Technology Services4%₹548 Cr2,777,541
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
Tobacco3%₹515 Cr26,118,817
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | MARUTI
Auto Manufacturers3%₹486 Cr866,362
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
Banks - Regional3%₹443 Cr11,499,484
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Sep 15 | 500696
Household & Personal Products3%₹423 Cr2,053,767
↑ 656,081
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Fund Managers

NameSinceTenure
Harshad Borawake1 May 173.17 Yr.
Gaurav Misra31 Jan 191.42 Yr.

Custodians

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

Registrar & Transfer Agent

KFin Technologies Private Limited
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
₹48.382
↓ -0.15
-11.42 %-4.85 %3.73 %8.09 %
Mirae Asset India Equity Fund 
Normal Dividend, Reinvestment
₹15.835
↓ -0.05
-11.42 %-6.17 %2.72 %7.47 %
Mirae Asset India Equity Fund 
Normal Dividend, Payout
₹15.835
↓ -0.05
-11.42 %-6.17 %2.72 %7.47 %
Data as on 10 Jul 20

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