EquityLarge & Mid Cap FundDirectGrowthVery High

Mirae Asset Large & Midcap Fund

Q: What is the NAV of Mirae Asset Large & Midcap Fund?

As of 05 Oct 2026, the NAV of Mirae Asset Large & Midcap Fund is ₹168.06 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Mirae Asset Large & Midcap Fund delivered?

Mirae Asset Large & Midcap Fund has returned -1.30% over 1 year, +10.58% per year over 3 years, +9.32% per year over 5 years and +19.74% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Mirae Asset Large & Midcap Fund?

Mirae Asset Large & Midcap Fund charges an expense ratio of 0.84% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Mirae Asset Large & Midcap Fund?

Mirae Asset Large & Midcap Fund's largest holdings are HDFC Bank Ltd. (6.0%), ICICI Bank Ltd. (3.9%), Laurus Labs Ltd. (3.8%), Axis Bank Ltd. (3.4%) and State Bank of India (3.1%). Holdings are disclosed monthly and change over time.

Q: How risky is Mirae Asset Large & Midcap Fund?

Mirae Asset Large & Midcap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.7% and its worst peak-to-trough fall in our sample was -36.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.28 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Mirae Asset Large & Midcap Fund's 0.28 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Mirae Asset Large & Midcap Fund?

Mirae Asset Large & Midcap Fund is benchmarked against the Nifty Large Midcap 250 (TRI). Its alpha and beta on this page are measured against that index.

Q: Who manages Mirae Asset Large & Midcap Fund?

Mirae Asset Large & Midcap Fund is managed by Ankit Jain and Neelesh Surana at Mirae Asset.

Q: How is Mirae Asset Large & Midcap Fund taxed?

Mirae Asset Large & Midcap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Mirae Asset Mutual Fund · Best Large & Mid Cap Mutual Funds

NAV

₹168.06

+0.24% 1D

as of 05 Oct 2026

This is the Direct plan of Mirae Asset Large & Midcap Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

-1.92%absolute

52-week rangePrev NAV ₹167.65

Latest ₹168.06

Low ₹153.7351st percentile of its 52-week rangeHigh ₹181.88

Scorecard

★★★☆☆3/5 vs 26 of 35 Large & Mid Cap Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Large & Mid Cap Fund (same plan and option). 26 of the 35 Large & Mid Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +10.58% · ranks 22 of 26 Large & Mid Cap Funds

RiskModerate

Volatility 14.7% vs 14.7% category avg

CostLow

0.8% expense vs 1.2% category avg

ConsistencyHigh

99% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Low expense ratio (0.84%) vs the Large & Mid Cap Fund average of 1.19%
Consistent — positive in 99% of rolling 3-year windows

Concerns

Trails the Large & Mid Cap Fund average on 1M/3M/6M/1Y — 1Y by 1.75pp
3-year return (+10.58%) trails the Large & Mid Cap Fund average (+13.11%)
5-year return (+9.32%) trails the Large & Mid Cap Fund average (+11.73%)
Weaker risk-adjusted returns — Sharpe 0.28 below the Large & Mid Cap Fund average of 0.43

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.84%

Category 1.19%▼0.35%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

23.74

Category 28.11▼4.37

Excess return per unit of total volatility (rf = 6.5%)

0.28

Category 0.43▼0.15

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP - in) on or before completion of 365 days from the date of allotment of units: Nil. b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: NIL II. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: NIL

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty Large Midcap 250 (TRI)

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-6.30%

Absolute return over the last 3 months (not annualized)

-5.66%

Absolute return over the last 6 months (not annualized)

+7.02%

Absolute return since 1 Jan of this year (not annualized)

-5.85%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-1.30%

3-year annualized return (CAGR)

+10.58%

5-year annualized return (CAGR)

+9.32%

10-year annualized return (CAGR)

+15.32%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+19.74%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.66%

Excess return per unit of total volatility (rf = 6.5%)

0.28

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.37

Largest peak-to-trough decline over full history

-36.87%

Benchmark ratios (vs Nifty Midcap 150 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Midcap 150 TRI

-2.17%

Sensitivity to Nifty Midcap 150 TRI moves; 1 = moves with the index

0.87

How much of the fund's movement Nifty Midcap 150 TRI explains

95.1%

Excess return per unit of beta (market risk)

4.78

Active return over the benchmark per unit of tracking error

-0.74

Annualized std dev of fund-minus-benchmark returns

4.42%

Fund's share of benchmark gains in up months (100 = matches index)

83.2%

Fund's share of benchmark losses in down months (lower is better)

87.8%

Computed vs the Nifty Midcap 150 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Large & Mid Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-6.30%	-5.16%	-1.14%
3M abs	-5.66%	-3.56%	-2.10%
6M abs	+7.02%	+9.70%	-2.68%
1Y CAGR	-1.30%	+0.45%	-1.75%
3Y CAGR	+10.58%	+13.11%	-2.53%
5Y CAGR	+9.32%	+11.73%	-2.41%

Category average across peers in Large & Mid Cap Fund (up to 35 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 35 peers in Large & Mid Cap Fund

1Y return

-1.30%

Beats 31.3% · rank #23

3Y return

+10.58%

Beats 16% · rank #22

5Y return

+9.32%

Beats 16% · rank #22

Sharpe

0.28

Beats 20% · rank #21

Sortino

0.37

Beats 20% · rank #21

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.54L

Absolute

+25.71%

XIRR

+9.38%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Mirae Asset Large & Midcap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty Midcap 150 TRI	Diff
2026part	-5.85%	-1.81%	-4.04%
2025	+10.22%	+6.24%	+3.98%
2024	+16.65%	+24.74%	-8.09%
2023	+30.59%	+45.27%	-14.68%
2022	-0.47%	+4.09%	-4.56%
2021	+40.57%	+48.31%	-7.74%
2020	+23.63%	+26.10%	-2.47%
2019	+15.92%	—	—
2018	-4.75%	—	—
2017	+50.18%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

3,384

Expense ratio

0.84%

AUM

₹42,072Cr

Portfolio turnover

97%

Exit load

P/E ratio

23.7

P/B ratio

3.8

Avg market cap

₹3,25,398Cr

P/E & P/B are portfolio-weighted harmonic means across 69 of 82 equity holdings (87% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Large & Mid Cap Fund

Compare all


Mirae Asset Large & Midcap FundThis fund Mirae Asset · Direct · Growth	★★★☆☆	-1.30%	+10.58%	+9.32%	23.74	0.84%	—
Invesco India Large & Mid Cap Fund Invesco · Direct · Growth	★★★★★	+6.12%	+21.40%	+15.88%	42.81	0.79%	—
Motilal Oswal Large and Midcap Fund Motilal Oswal · Direct · Growth	★★★★☆	+5.62%	+21.20%	+18.26%	38.81	0.89%	₹17,050Cr
HSBC Large & Mid Cap Fund HSBC · Direct · Growth	★★★☆☆	+7.65%	+16.77%	+13.52%	31.22	1.34%	—
Bandhan Large & Mid Cap Fund Bandhan · Direct · Growth	★★★★★	+1.38%	+16.67%	+15.58%	19.23	1.15%	—
Quant Large & Mid Cap Fund quant · Direct · Growth	★★★☆☆	+7.99%	+14.58%	+14.54%	32.31	1.21%	—

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap48.8%
Mid cap38.8%
Small cap12.4%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity99.07%
Cash & Equivalents0.76%
Other0.17%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Mirae Asset ELSS Tax Saver Fund Mirae Asset · ELSS	75.2%	★★★★☆	1.02%	+10.83%
Mirae Asset Multicap Fund Mirae Asset · Multi Cap Fund	66.1%	★★☆☆☆	0.86%	+12.42%
Mirae Asset Midcap Fund Mirae Asset · Mid Cap Fund	57.1%	★★★☆☆	0.95%	+14.12%
Mirae Asset Aggressive Hybrid Fund Mirae Asset · Aggressive Hybrid Fund	47.6% of 76% equity	★★★☆☆	0.63%	+10.53%
Groww Aggressive Hybrid Fund Groww · Aggressive Hybrid Fund	47.2% of 72% equity	★★☆☆☆	2.10%	+8.12%
Mirae Asset Equity Savings Fund Mirae Asset · Equity Savings	46.2% of 67% equity	★★★★☆	0.73%	+9.71%
Groww ELSS Tax Saver Fund Groww · ELSS	45.9%	★☆☆☆☆	1.52%	+7.98%
Mirae Asset Balanced Advantage Fund Mirae Asset · Dynamic Asset Allocation or Balanced Advantage	45.4% of 69% equity	★★★★☆	0.98%	+9.83%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 2.67% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I2.67%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-36.9%16 Jan 2020 → 23 Mar 2020
Fell over 2 months, back to the old high on 28 Aug 2020 — 5 months under water after the low.
-19.5%27 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 20 Oct 2025 — 8 months under water after the low.
-19.3%18 Oct 2021 → 20 Jun 2022
Fell over 8 months, back to the old high on 16 Jun 2023 — 12 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

AMC Profile

Mirae Asset Mutual Fund is the Indian arm of Mirae Asset, the South Korean manager, and has operated here since 2008. Its growth came largely from a small number of large equity schemes rather than a wide line-up.

Launched

29 Nov 2007

Total AUM

₹2,37,421Cr+5.5% QoQ

Avg AUM · July - September 2026

Website

miraeassetmf.co.in

Fund Managers

AJAnkit JainStart date not disclosed

Role

Fund Manager

Education

MBA (Finance), B. Tech (ICT)

Experience

Mr. Ankit Jain has professional experience of more than 12 years and his primary responsibility includes Investment Analysis & Fund Management. He has been associated with the AMC as a Research Analyst since September 7, 2015. He was previously associated with Equirus Securities Pvt. Ltd. and Infosys Ltd.

Funds managed (3)

All schemes Ankit Jain runs →

NSNeelesh SuranaManaging since 09 Jul 2010

Role

Chief Investment Officer

Education

B.E. (Mechanical), MBA (Finance)

Experience

Mr. Neelesh Surana is CIO at Mirae Asset Investment Managers (India) Private Limited. In his capacity as CIO, Neelesh spearheads the equity research and investment function. He is responsible for the managing existing equity funds of the AMC, as well as, providing research support for the global mandate. An engineering graduate with MBA in Finance, Neelesh has over 33 years of experience in equity research and portfolio management. Prior to Mirae Asset, Mr. Surana was with ASK Investment Managers Ltd., as Senior Portfolio Manager responsible for managing domestic and international portfolios.

Funds managed (1)

MIRAE ASSET ELSS TAX SAVER FUND

All schemes Neelesh Surana runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Ankit Jain Neelesh Surana

Top holdings

HDFC Bank Ltd.ICICI Bank Ltd.Laurus Labs Ltd.Axis Bank Ltd.State Bank of India Reliance Industries Ltd.PB Fintech Ltd.Steel Authority of India Ltd.Bharti Airtel Ltd.Delhivery Ltd.IndusInd Bank Ltd.Hindalco Industries Ltd.

Mirae Asset in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Large & Mid Cap funds

Large & mid cap funds keep at least 35% each in large-cap and mid-cap stocks. They aim to blend the stability of big companies with the higher growth — and higher swings — of mid caps.

From the blog

Largest equity mutual funds in India by AUM, 2026
01 Oct 2026
Parag Parikh Flexi Cap averaged ₹1,40,660 crore in April–June 2026, India's largest active equity fund. The top 15, and how much of the money they hold.

Frequently asked questions

What is the NAV of Mirae Asset Large & Midcap Fund?

As of 05 Oct 2026, the NAV of Mirae Asset Large & Midcap Fund is ₹168.06 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Mirae Asset Large & Midcap Fund delivered?

Mirae Asset Large & Midcap Fund has returned -1.30% over 1 year, +10.58% per year over 3 years, +9.32% per year over 5 years and +19.74% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Mirae Asset Large & Midcap Fund?

Mirae Asset Large & Midcap Fund charges an expense ratio of 0.84% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Mirae Asset Large & Midcap Fund?

Mirae Asset Large & Midcap Fund's largest holdings are HDFC Bank Ltd. (6.0%), ICICI Bank Ltd. (3.9%), Laurus Labs Ltd. (3.8%), Axis Bank Ltd. (3.4%) and State Bank of India (3.1%). Holdings are disclosed monthly and change over time.

How risky is Mirae Asset Large & Midcap Fund?

Mirae Asset Large & Midcap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.7% and its worst peak-to-trough fall in our sample was -36.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.28 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Mirae Asset Large & Midcap Fund's 0.28 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Mirae Asset Large & Midcap Fund?

Mirae Asset Large & Midcap Fund is benchmarked against the Nifty Large Midcap 250 (TRI). Its alpha and beta on this page are measured against that index.

Who manages Mirae Asset Large & Midcap Fund?

Mirae Asset Large & Midcap Fund is managed by Ankit Jain and Neelesh Surana at Mirae Asset.

How is Mirae Asset Large & Midcap Fund taxed?

Mirae Asset Large & Midcap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Mirae Asset Large & Midcap Fund

Performance

Scorecard

Strengths & concerns

Strengths

Concerns

Key Metrics

Scheme Info

Period returns (<1Y, absolute — not annualized)

Annualized returns (≥1Y — CAGR)

Fund vs category average (Large & Mid Cap Fund)

Category rank

Backtest this fund

Calendar-year returns

Taxation

Peer comparison · Large & Mid Cap Fund

Market-cap allocation · AMFI bands, Jul 2026

Asset allocation

Holds the same stocks as (by portfolio overlap, not by category)

🚩Holdings under NSE surveillance (ASM)

AMC Profile

Fund Managers

Explore from here

Mirae Asset in the news

About Large & Mid Cap funds

From the blog

Largest equity mutual funds in India by AUM, 2026

Frequently asked questions

Peer comparison · Large & Mid Cap Fund

Market-cap allocation · AMFI bands, Jul 2026

Holds the same stocks as (by portfolio overlap, not by category)

🚩Holdings under NSE surveillance (ASM)