Organisation : Mirae Asset MF
Scheme Name : Mirae Asset Large Cap Fund
Applicable State/UT : All India
Website : https://www.miraeassetmf.co.in/mutual-fund-scheme/equity-fund/mirae-asset-large-cap-fund
What is Mirae Asset Large Cap Fund?
Mirae Asset Large Cap Fund is an open ended equity scheme predominantly investing across large cap stocks. As the name suggests, large cap equity mutual funds can invest 80% of their total assets predominantly in large cap companies. Large cap companies are 1st – 100th company in terms of full market capitalization. These companies are well established names with strong market share and are considered safer compared to mid and small cap companies.
Related / Similar Facility : Mirae Asset Balanced Advantage Fund
Investment Strategy
** Invests > 80% in large cap stocks (Top 100 companies by market capitalization).
** Aims to combine consistency of large caps with few conviction midcap ideas (upto a max of 20%).
** Fund has flexibility to invest across sectors and themes.
** The investment approach is centered around participating in high quality businesses upto a reasonable price and holding the same over an extended period of time.
** The scheme tries to identify companies which have sustainable competitive advantage – stocks which has strong pricing power and are sector leaders.
Minimum Investment Amount
₹ 5,000/- and in multiples of ₹ 1/- thereafter.
How To Invest Mirae Asset Large Cap Fund Online?
To Invest Mirae Asset Large Cap Fund Online, Follow the below steps
Step-1 : Go to the link https://transact.miraeassetmf.co.in/investor/General/CreateUser.aspx
Step-2 : Click on the “Register” link
Step-3 : Fill the Online Registration Form and Submit
Step-4 : After successful registration, you can invest online.
FAQ On Mirae Asset Large Cap Fund
Frequently Asked Questions FAQ On Mirae Asset Large Cap Fund
What are the types of securities in which Mirae Asset Large Cap Fund can invest?
The fund can invest minimum 80% in equities and equity related securities of large Cap companies and it can go upto 100%. The fund can also invest in equity and equity related securities of companies other than large cap companies’ upto a maximum extent of 20%.
The fund can also invest upto maximum 20% of its assets in debt securities including money market instruments. Market cap segment allocation as on 31st Oct 2020 was 86% large cap, 11% midcap, 1% small cap and 2% held in cash or cash equivalents.
What are large cap stocks in which Large Cap Funds invests?
SEBI classifies the top 100 stocks by market capitalization as large cap. Large cap stocks are usually less risky (prices are less volatile) than mid cap or small cap stocks. According to SEBI’s directive large cap schemes must mandatorily invest at least 80% of its assets in large cap; the remaining portion of the assets can be invested in midcap and small cap stocks.
SEBI’s mandate for large cap schemes restricts flexibility of fund managers in terms of stock selection across market cap segments to a certain extent, but at the same time may limit downside risk for investors.
How to know where the Mirae Asset Large Cap Fund has invested the money collected from investors?
The AMCs are required to disclose full portfolios of each scheme on a monthly basis on their website and also on their monthly fact sheet. The scheme portfolio shows investment made in each security i.e. equity, equity related instruments and other instruments as per the scheme mandate, along with the respective quantities, market value and % weightage to the NAV as on the month end.
What is the investment approach of Mirae Asset Large Cap Fund?
The fund invests 80% in large cap stocks and aims to combine consistency of large cap stocks with few conviction midcap ideas (not exceeding 20% of the total portfolio) across sectors and themes. The investment approach is centred on participating in high quality businesses upto a reasonable price – Companies which have sustainable competitive advantage, strong pricing power and sector leaders – and holding the same over an extended period of time.
The fund seeks to identify profitable growth-oriented businesses and run by competent management. The scheme tries to identify companies which have sustainable competitive advantage – stocks which has strong pricing power and are sector leaders. Analysis of all three buckets – Business, Management, and Valuation is important from a risk-reward matrix. Additionally the fund keeps some space for deep value/turnarounds/cyclicals.
What is the investment objective of Mirae Asset Large Cap Fund?
The investment objective of the scheme is to generate long term capital appreciation by capitalizing on potential investment opportunities by predominantly investing in equities of large cap companies. The Scheme does not guarantee or assure any returns.