fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

Fincash » Mutual Funds » Mirae Asset India Equity Fund

Mirae Asset India Equity Fund  - G

NAV  ₹83.262 ↑ 0.37  (0.45 %) as on 1 Dec 22

(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 2021 was 27.7% , 2020 was 13.7% and 2019 was 12.7% .

Below is the key information for Mirae Asset India Equity Fund 

NAV as on 1 Dec 22₹83.262 ↑ 0.37  (0.45 %)
Net Assets (AUM) as on 31 Oct 2022 ₹34,407 Cr.
Launch Date4 Apr 2008
CategoryEquity - Multi Cap
Rating
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio-3.0
Expense Ratio1.23 %
Sharpe Ratio-0.218
Information Ratio-0.49
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 1 Dec 22

DurationReturns
1 Month 3.3%
3 Month 6.2%
6 Month 12.5%
1 Year 7.4%
3 Year 15.5%
5 Year 12.5%
10 Year
15 Year
Since launch 15.6%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2021 27.7%
2020 13.7%
2019 12.7%
2018 -0.6%
2017 38.6%
2016 8.1%
2015 4.3%
2014 52.9%
2013 8.9%

Growth of 10k Over Years

DateValue
30 Nov 17₹10,000
30 Nov 18₹10,279
30 Nov 19₹11,537
30 Nov 20₹12,322
30 Nov 21₹16,409
30 Nov 22₹17,710
Mirae Asset India Equity Fund  Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.52%
Equity99.47%
Other0%
Mirae Asset India Equity Fund  Asset Allocation

Sector Allocation

SectorValue
Financial Services36.04%
Technology12.09%
Consumer Cyclical10.22%
Health Care7.94%
Industrials7.73%
Energy7.47%
Consumer Defensive6.52%
Basic Materials5.89%
Communication Services3.97%
Utility1.61%
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%₹3,205 Cr22,546,579
↑ 224,303
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional9%₹3,112 Cr36,097,205
↓ -390,308
Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY
Information Technology Services7%₹2,265 Cr16,027,333
↓ -119,921
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE
Oil & Gas Refining & Marketing7%₹2,155 Cr9,064,681
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
Banks - Regional4%₹1,411 Cr19,237,746
↓ -573,238
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL
Telecom Services4%₹1,305 Cr16,314,493
↓ -655,948
State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN
Banks - Regional4%₹1,265 Cr23,842,229
↓ -313,791
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Sep 15 | HINDUNILVR
Household & Personal Products3%₹954 Cr3,539,573
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Mar 12 | SUNPHARMA
Drug Manufacturers - Specialty & Generic3%₹903 Cr9,520,934
↑ 271,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | MARUTI
Auto Manufacturers3%₹860 Cr974,155
↑ 233,308
1 - 10 of 65
Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

Fund Managers

NameSinceTenure
Gaurav Khandelwal18 Oct 211.04 Yr.
Gaurav Misra31 Jan 193.75 Yr.

Custodians

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

Registrar & Transfer Agent

KFin Technologies Limited
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
₹83.262
↑ 0.37
12.48 %7.4 %15.53 %12.46 %
Mirae Asset India Equity Fund 
Normal Dividend, Reinvestment
₹25.134
↑ 0.11
12.48 %7.4 %14.71 %11.62 %
Mirae Asset India Equity Fund 
Normal Dividend, Payout
₹25.134
↑ 0.11
12.48 %7.4 %14.71 %11.62 %
Data as on 1 Dec 22

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