Mirae Asset India Equity Fund Overview

Mutual Fund

Mirae Asset India Equity Fund is an open-ended equity fund to generate capital under various market conditions. Earlier it was named Mirae Asset India Opportunities Fund. The investment objective of Mirae Asset India Equity Fund is to generate long-term wealth by capitalizing the investment in equity stocks.

Mirae Asset India Equity Mutual Fund Scheme was launched on April 4, 2008. Earlier this fund was under the multi-cap category, but for better fund management, the fund house decided to change the category of the fund to large-cap scheme. Mirae Asset India Equity Fund sip amount is minimum Rs. 1000 which is quite pocket-friendly

Why Mirae Asset India Equity Fund?

  • Mirae Asset India Equity Fund portfolio includes 95.84% in equity stocks out of which 84.36% in large-cap, 8.37% in mid cap and 3.15% in small cap stocks.
  • Based on Mirae Asset India Equity Fund review, the scheme is constructed based on core portion i.e, quality business over a long time and tactical portion i.e., medium to short term opportunities.
  • The aim of Mirae Asset India Equity Fund regular growth fund is to build a powerful portfolio which could withstand every market condition.
  • You can invest in Mirae Asset India Equity Fund growth option as well as in Mirae Asset India Equity Fund dividend plan. But it is always better to go for Mirae Asset India Equity Fund growth.
  • Mirae Asset India Equity Fund expense ratio is 1.96%.
  • Mirae Asset India Equity Fund adopts such a sectoral allocation which improves the fund’s liquidity and reduce the risk factor.
  • Individuals who are looking for long term capital by investing in equity securities can invest in Mirae Asset India Equity Fund. But he/she should be ready for any potential loss due to market fluctuation. 

Top 5 Sectors of Mirae Asset India Equity Fund

S.No. Name of Holding Net Assets (%)
1 Bank – Private 23.28
2 IT – Software 9.04
3 Refineries 8.02
4 Pharmaceuticals and Drugs 7.38
5 Miscellaneous 3.73

(as on date- 04/04/2019)

Top 10 Holdings of Mirae Asset India Equity Fund

S.No. Name of Holding Net Assets (%)
1 HDFC Bank Limited 8.51
2 Reliance Industries Limited 5.97
3 Axis Bank Limited 5.16
4 ICICI Bank Limited 4.94
5 Tata Consultancy Services Limited 3.88
6 CBLO 3.77
7 State Bank of India 3.32
8 ITC Limited 3.21
9 Infosys Limited 3.14
10 Larsen & Toubro Limited 3.14

(as on date- 04/04/2019)

Details of Mirae Asset India Equity Fund

Date of Inception- 4th April 2008
Fund Manager- Mr. Gaurav Mishra, Mr. Neelesh Surana and Mr. Harshas Borawake
Benchmark- S&P BSE 200
Riskometer- Moderately High
Return Since Since Launch- 15.93%
AUM- Rs. 10560.11 crore (as on 28th Feb, 2019)

Following table depicts the performance of Mirae Asset India Equity Fund-

  1-Year 3-Year 5-Year 10-Year
Fund 12.82 17.78 18.16 22.05
S&P BSE 200 TRI 11.26 15.85 14.29 16.59
Category 4.88 13.85 15.15 17.62
Rank within Category 2 1 6 2
Number of funds in category 45 42 36 27
As on Apr 04, 2019

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