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Fincash » Mutual Funds » Mirae Asset India Equity Fund

Mirae Asset India Equity Fund  - G

NAV  ₹86.522 ↑ 0.20  (0.23 %) as on 22 Aug 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 15.1% 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 22 Aug 23₹86.522 ↑ 0.20  (0.23 %)
Net Assets (AUM) as on 31 Jul 2023 ₹35,880 Cr.
Launch Date4 Apr 2008
CategoryEquity - Multi Cap
Rating
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio0.94
Expense Ratio1.21 %
Sharpe Ratio0.711
Information Ratio-0.42
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 22 Aug 23

DurationReturns
1 Month -0.4%
3 Month 7.4%
6 Month 11.2%
1 Year 11%
3 Year 18.5%
5 Year 11.4%
10 Year
15 Year
Since launch 15.1%

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
30 Sep 18₹10,000
30 Sep 19₹10,723
30 Sep 20₹10,831
30 Sep 21₹16,714
30 Sep 22₹16,223
30 Sep 23₹18,485
Mirae Asset India Equity Fund  Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.61%
Equity99.38%
Other0%
Mirae Asset India Equity Fund  Asset Allocation

Sector Allocation

SectorValue
Financial Services38.38%
Technology14.25%
Consumer Cyclical9.66%
Industrials7.69%
Energy7.18%
Consumer Defensive6.73%
Health Care5.08%
Basic Materials5.04%
Communication Services3.73%
Utility1.65%
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 - Regional12%₹4,339 Cr27,612,961
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional9%₹3,271 Cr34,112,984
↑ 1,787,511
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
Information Technology Services7%₹2,614 Cr18,213,609
↓ -387,998
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
Oil & Gas Refining & Marketing7%₹2,533 Cr10,525,409
↓ -142,905
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
Banks - Regional5%₹1,838 Cr18,881,095
↑ 1,283,853
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL
Telecom Services4%₹1,318 Cr15,391,524
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
Engineering & Construction4%₹1,251 Cr4,627,663
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
Banks - Regional3%₹1,172 Cr20,871,555
↑ 1,168,204
HCL Technologies Ltd (Technology)
Equity, Since 31 May 21 | HCLTECH
Information Technology Services3%₹979 Cr8,349,203
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | MARUTI
Auto Manufacturers3%₹913 Cr912,541
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Fund Managers

NameSinceTenure
Gaurav Khandelwal18 Oct 211.87 Yr.
Gaurav Misra31 Jan 194.59 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
₹86.522
↑ 0.20
11.15 %11.03 %18.5 %11.43 %
Mirae Asset India Equity Fund 
Normal Dividend, Reinvestment
₹26.118
↑ 0.06
11.15 %11.03 %18.21 %10.6 %
Mirae Asset India Equity Fund 
Normal Dividend, Payout
₹26.118
↑ 0.06
11.15 %11.03 %18.21 %10.6 %
Data as on 22 Aug 23

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