This Large & Midcap Mutual Fund turned 1 Lakh to 8.3 Lakhs in last 10 years

Large & Midcap category of mutual funds invests in large cap and mid cap stocks based on the investment strategy of the fund. While the large cap segment provides stable returns, midcap component can generate high returns and also comes with high risk. Do you know that this Large and Midcap Mutual Fund generated highest returns in the last 10 years and turned 1 lakh to 8.3 Lakhs in the last 10 years. In this article we would talk about Mirae Asset Large & Midcap Fund, its portfolio, performance, comparison with benchmark returns and provide our view about such fund.

Also Read: 15 Most Recommended Mutual Funds to invest in 2024

How did we filtered this Large & Midcap Fund Fund?

  • We have considered all Large and Midcap category of mutual funds in India. This category is different from large cap funds (invests only in large cap stocks) and mid cap funds (invests majorly in mid cap stocks) that focus on specific market segment.
  • Filtered the fund that created highest wealth in the last 10 years.
  • We could get Top-1 as Mirae Asset Large & Midcap Fund that turned Rs 1 Lakh investment to Rs 8.3 Lakhs in the last 10 years.
  • Second next is Quant Large & Midcap Fund that turned Rs 1 Lakh to Rs 8.21 Lakhs.

Now let us get into more info about Mirae Asset Large & Midcap Fund details.

This Large & Midcap Mutual Fund turned 1 Lakh to 8.45 Lakhs in last 10 years

About Mirae Asset Large & Midcap Fund

The investment objective of the scheme is to generate income and capital appreciation from a portfolio primarily investing in Indian equities and equity related securities of large cap and mid cap companies at the time of investment.

In simple terms, this fund would invest in large cap and midsize companies.

However, on other hand, flexicap fund invests in smallcap stocks too beyond largecap and mid-cap stocks. Check here for This Flexi Cap Mutual Fund turned 1 Lakh to 9.2 Lakhs in last 10 years

Mirae Asset Large & Midcap Fund – Portfolio

This fund currently invests 99.34% in equity and 0.66% in other category of investments.

Its top 10 equity portfolio consists of HDFC Bank, SBI, ICICI Bank, Reliance Industries, L&T, Axis Bank, NTPC, Kotak Mahindra Bank, Lupin and Gujarat State Petronet.

As part of other category of investments, it is currently investing in Treasury Bills Repurchase (TREPS).

Mirae Asset Large & Midcap Fund – Performance Details

Here are the performance details in the last 10 years and these are for direct plans.

Absolute Returns of the fund

  • 1-Year Return: 44%
  • 2-Year Return: 40.9%
  • 3-Year Return: 71.9%
  • 5-Year Return: 155.8%
  • 10-Year Return: 727% (1 Lac would have turned to 8.3 Lacs)

Annualised Returns of the fund

  • 1-Year Return: 44%
  • 2-Year Annualised Return: 18.6%
  • 3-Year Annualised Return: 19.7%
  • 5-Year Annualised Return: 20.6%
  • 10-Year Annualised Return: 23.5%

SIP Returns of the fund

  • 1-Year: 36.2%
  • 2-Year: 26.8%
  • 3-Year: 20.4%
  • 5-Year: 23.1%
  • 10-Year: 20.3%

1 Lakh Lump Sum Investment would have turned into

  • 1-Year : 1.44 Lakhs
  • 2-Year : 1.40 Lakhs
  • 3-Year : 1.71 Lakhs
  • 5-Year : 2.55 Lakhs
  • 10-Year : 8.27 Lakhs

10K SIP Investment would have turned into

  • 1-Year : Invested 1.2 Lakhs and Current value is 1.4 Lakhs
  • 2-Year : Invested 2.4 Lakhs and Current value is 3.1 Lakhs
  • 3-Year : Invested 3.6 Lakhs and Current value is 4.8 Lakhs
  • 5-Year : Invested 6 Lakhs and Current value is 10.6 Lakhs
  • 10-Year : Invested 12 Lakhs and Current value is 35.1 Lakhs

Rolling Returns perspective:

3 Year Rolling Returns:

  • Greather than 20% returns – 82.5% of the times
  • 15% to 20% returns – 17.5% of the times
  • 12% to 15% returns – Zero times
  • 0% to 12% returns – Zero times
  • Negative returns – Zero times

5 Year Rolling Returns:

  • Greather than 20% returns – 35% of the times
  • 15% to 20% returns – 44% of the times
  • 12% to 15% returns – 16% of the times
  • 0% to 12% returns – 5% of the times
  • Negative returns – Zero times

How Mirae Asset Large & Midcap Fund Fund Performed compared to its benchmark?

One of the best ways to check funds performance is to check with its benchmark. Its benchmark is NIFTY Large Midcap 250 TRI.

Last 1 Year Return

  • NIFTY Large Midcap 250 TRI – 46%
  • Mirae Asset Large & Midcap Fund Fund – 44%

5 Years Annualised Returns

  • NIFTY Large Midcap 250 TRI – 21.1%
  • Mirae Asset Large & Midcap Fund Fund – 20.6%

10 Years Annualised Returns

  • NIFTY Large Midcap 250 TRI – 18.1%
  • Mirae Asset Large & Midcap Fund Fund – 23.5%

Conclusion and our view:

  • This is a Large & Midcap Fund fund that invests 99.3% in equity, 0.7% in other instruments. Its equity component is 44% in large cap, 25.8% in midcap, 5.82% in small cap stocks and balance in other equity instruments.
  • Fund’s beta is 0.89. It is a measure of the fund’s sensitivity to the market movement. Beta of less than 1 indicates that the fund would have lower swing compared to the ups and downs of the benchmark. Beta of more than 1 indicates that the fund would have wider swings compared to the benchmark.
  • Alpha is 2.38. It is a measure of extra returns provided by the fund compared to the benchmark. Investors should prefer high alpha funds which can generate higher returns.
  • One can invest as low as Rs 5,000 through lump sum and Rs 500 through SIP for 6 months in this fund. While there is no lock-in period, this fund has exit load of 1% if redeemed within 365 days from the date of investment.
  • This fund has been a consistent performer that has generated 22.9% annualised returns since inception. While this fund has beaten its benchmark Nifty Large Midcap 250 Index TRI in the last 10 years, it failed to beat the index in the last 1 year and last 5 years.
  • Large cap segment in the fund provides stable returns and its midcap segment is high risk and at the same time generates superior returns too. High Risk investors who want to invest for over 5 years tenure can invest in such funds. Alternatively, investors can look for other large-midcap mutual funds that has beaten the index in the short term to long term. As an example, Invesco Large & Midcap Fund is part of 20 Equity Mutual Funds with Positive Returns every year in last 10 years. Low or moderate risk investor should avoid such funds.

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