Mirae Asset Flexi Cap Fund
The fund maintains a heavy banking and financial services tilt, with nearly 28% deployed across banks and finance, betting on sustained credit growth and economic stability. The manager is opportunistically adding cyclical exposure through new positions in ports, power, and steel, signaling conviction in infrastructure-led recovery. With nearly one-third of assets in top-10 holdings and minimal cash, the strategy is concentrated on quality compounders while selectively capturing emerging recovery themes.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹16.3910 | — | — | — | — |
| Regular Growth | ₹15.6310 | -0.60% | +2.65% | +14.08% | — |
| Direct IDCW | ₹16.3430 | — | — | — | — |
| Regular IDCW | ₹15.6360 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Adani Ports and Special Economic Zone Ltd. | 1.49% |
| BSE Ltd. | 0.40% |
| Solar Industries India Ltd. | 0.35% |
| Talwandi Sabo Power Ltd. A** | 0.19% |
| Vedanta Iron and Steel Ltd. A** | 0.19% |
| Vedanta Aluminium Metal Ltd. A** | 0.19% |
| Malco Energy Ltd. A** | 0.19% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 5.51% |
| 2 | ICICI Bank Ltd. INE090A01021 | 5.29% |
| 3 | Reliance Industries Ltd. INE002A01018 | 4.72% |
| 4 | State Bank of India INE062A01020 | 2.88% |
| 5 | Bharti Airtel Ltd. INE397D01024 | 2.38% |
| 6 | TREPS | 2.28% |
| 7 | Axis Bank Ltd. INE238A01034 | 2.16% |
| 8 | Larsen & Toubro Ltd. INE018A01030 | 2.10% |
| 9 | Infosys Ltd. INE009A01021 | 1.95% |
| 10 | Multi Commodity Exchange of India Ltd. INE745G01043 | 1.76% |
| 11 | L&T Finance Ltd. INE498L01015 | 1.62% |
| 12 | Mahindra & Mahindra Ltd. INE101A01026 | 1.59% |
| 13 | CG Power and Industrial Solutions Ltd. INE067A01029 | 1.56% |
| 14 | Adani Ports and Special Economic Zone Ltd. INE742F01042 | 1.49% |
| 15 | Welspun Corp Ltd. INE191B01025 | 1.45% |
| 16 | Lupin Ltd. INE326A01037 | 1.44% |
| 17 | Divi's Laboratories Ltd. INE361B01024 | 1.38% |
| 18 | Cummins India Ltd. INE298A01020 | 1.36% |
| 19 | Ultratech Cement Ltd. INE481G01011 | 1.32% |
| 20 | SBI Life Insurance Co. Ltd. INE123W01016 | 1.29% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mirae Asset Flexi Cap Fund hold?
Mirae Asset Flexi Cap Fund holds 92 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 20.79% of NAV.
What is the largest holding in Mirae Asset Flexi Cap Fund?
The largest position in Mirae Asset Flexi Cap Fund is HDFC Bank Ltd., accounting for 5.51% of NAV in the Banks sector.
Is Mirae Asset Flexi Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.370, Mirae Asset Flexi Cap Fund is well-diversified. The HHI concentration index is 18,059 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 20.79% of the portfolio.
What is the market cap allocation of Mirae Asset Flexi Cap Fund?
Based on SEBI's AMFI classification, Mirae Asset Flexi Cap Fund's equity portfolio is split as: Large Cap: 61.01%, Mid Cap: 20.80%, Small Cap: 13.29%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mirae Asset Flexi Cap Fund invest in most?
Mirae Asset Flexi Cap Fund has the highest allocation to Banks (17.74%), Pharmaceuticals & Biotechnology (7.04%), Finance (6.23%). The fund is invested across 32 sectors in total.
How actively managed is Mirae Asset Flexi Cap Fund compared to other Flexi Cap Fund funds?
Mirae Asset Flexi Cap Fund has an Active Share of 50.86%, classifying it as "Active Stock Picker" among 41 Flexi Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Mirae Asset Flexi Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mirae Asset Flexi Cap Fund added 7 new stocks (including Adani Ports and Special Economic Zone Ltd.). Total holding count increased from 87 to 94 stocks.