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Fincash » Mutual Funds » Mirae Asset India Equity Fund

Mirae Asset India Equity Fund  - G

NAV  ₹48.547 ↓ 0.19   (0.38 %) as on 18 Sep 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 14.8% 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 Sep 19₹48.547 ↓ 0.19   (0.38 %)
Net Assets (AUM) as on 31 Jul 2019 ₹13,492 Cr.
Launch Date4 Apr 2008
CategoryEquity - Multi Cap
Rating
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio2.65
Expense Ratio2.17 %
Sharpe Ratio-0.129
Information Ratio0.59
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 Sep 19

DurationReturns
1 Month -1%
3 Month -5.3%
6 Month -4%
1 Year -1.4%
3 Year 9.6%
5 Year 10.4%
10 Year
15 Year
Since launch 14.8%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2018 -0.6%
2017 38.6%
2016 8.1%
2015 4.3%
2014 52.9%
2013 8.9%
2012 33.3%
2011 -19.6%
2010 23.1%

Growth of 10k Over Years

DateValue
31 Aug 14₹10,000
31 Aug 15₹11,373
31 Aug 16₹13,060
31 Aug 17₹15,821
31 Aug 18₹18,111
31 Aug 19₹17,489
Mirae Asset India Equity Fund  Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash3.4%
Equity96.6%
Mirae Asset India Equity Fund  Asset Allocation

Sector Allocation

SectorValue
Financial Services36.68%
Technology10.12%
Consumer Cyclical9%
Energy8.61%
Consumer Defensive7.87%
Basic Materials6.85%
Industrials6.72%
Health Care6.68%
Utility3.18%
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 - Regional - Asia9%₹1,207 Cr5,362,626
↑ 556,919
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional - Asia7%₹879 Cr20,709,575
↑ 2,854,612
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
Oil & Gas Refining & Marketing5%₹742 Cr6,359,800
↑ 1,015,257
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
Banks - Regional - Asia4%₹596 Cr8,847,033
↑ 1,172,419
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
Banks - Regional - Asia4%₹549 Cr16,528,575
↑ 1,841,186
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
Information Technology Services4%₹546 Cr6,880,800
↓ -366,232
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS
Information Technology Services4%₹504 Cr2,284,972
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
Engineering & Construction4%₹479 Cr3,454,809
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
Tobacco4%₹479 Cr17,710,818
↑ 1,291,979
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Dec 14 | INDUSINDBK
Banks - Regional - Asia3%₹393 Cr2,781,879
↓ -418,235,434
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Fund Managers

NameSinceTenure
Neelesh Surana10 Mar 0811.15 Yr.
Harshad Borawake1 May 172 Yr.
Gaurav Misra31 Jan 190.24 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
₹48.547
↑ 0.19
-4.04 %-1.4 %9.6 %10.44 %
Mirae Asset India Equity Fund 
Normal Dividend, Reinvestment
₹17.233
↑ 0.07
-4.04 %-3 %9.04 %10.11 %
Mirae Asset India Equity Fund 
Normal Dividend, Payout
₹17.233
↑ 0.07
-4.04 %-3 %9.04 %10.11 %
Data as on 18 Sep 19

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