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Fincash » Mutual Funds » Mirae Asset India Equity Fund

Mirae Asset India Equity Fund  - G

NAV  ₹53.709 ↑ 0.16  (0.30 %) as on 21 Oct 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 14.3% 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 21 Oct 20₹53.709 ↑ 0.16  (0.30 %)
Net Assets (AUM) as on 30 Sep 2020 ₹18,450 Cr.
Launch Date4 Apr 2008
CategoryEquity - Multi Cap
Rating
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio2.23
Expense Ratio1.37 %
Sharpe Ratio0.044
Information Ratio-0.01
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 21 Oct 20

DurationReturns
1 Month 4.8%
3 Month 7.3%
6 Month 30.7%
1 Year 4.1%
3 Year 5.3%
5 Year 10.2%
10 Year
15 Year
Since launch 14.3%

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 Sep 15₹10,000
30 Sep 16₹11,362
30 Sep 17₹13,780
30 Sep 18₹14,797
30 Sep 19₹15,866
30 Sep 20₹16,027
Mirae Asset India Equity Fund  Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.56%
Equity99.43%
Other0.01%
Mirae Asset India Equity Fund  Asset Allocation

Sector Allocation

SectorValue
Financial Services29.79%
Energy14.94%
Technology12.56%
Consumer Defensive11.18%
Consumer Cyclical9.3%
Industrials7.72%
Health Care6.58%
Communication Services4.23%
Utility1.37%
Basic Materials1.27%
Mirae Asset India Equity Fund  Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
Oil & Gas Refining & Marketing11%₹2,007 Cr9,644,492
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
Banks - Regional10%₹1,799 Cr16,117,823
↑ 262,337
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
Information Technology Services7%₹1,362 Cr14,668,730
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional7%₹1,294 Cr32,780,586
↑ 1,509,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
Banks - Regional4%₹688 Cr13,853,484
↑ 307,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL
Telecom Services4%₹680 Cr13,259,166
↑ 7,081,481
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS
Information Technology Services4%₹648 Cr2,869,869
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Sep 15 | 500696
Household & Personal Products3%₹584 Cr2,759,629
↑ 705,862
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
Engineering & Construction3%₹545 Cr5,765,374
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | MARUTI
Auto Manufacturers3%₹542 Cr793,015
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Fund Managers

NameSinceTenure
Harshad Borawake1 May 173.42 Yr.
Gaurav Misra31 Jan 191.67 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 Investment Managers (India) Private LimitedIndia

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
₹53.709
↑ 0.16
30.7 %4.07 %5.33 %10.19 %
Mirae Asset India Equity Fund 
Normal Dividend, Reinvestment
₹17.578
↑ 0.05
30.7 %2.62 %4.28 %9.55 %
Mirae Asset India Equity Fund 
Normal Dividend, Payout
₹17.578
↑ 0.05
30.7 %2.62 %4.28 %9.55 %
Data as on 21 Oct 20

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