Mirae Asset Flexi Cap Fund
Mirae Asset Mutual Fund·Flexi Cap Fund·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹16.2350 | — | — | — | — | — | — |
| Regular Growth | ₹15.4820 | +0.10% | -3.88% | -5.40% | +3.21% | +13.80% | — |
| Direct IDCW | ₹16.1870 | — | — | — | — | — | — |
| Regular IDCW | ₹15.4870 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
92
Top 5 Weight
20.79%
Top 10 Weight
30.38%
Active Share
—
Large Cap
61.01%
Gini
0.370
What Changed2026-03-31 → 2026-04-30
Holdings: 87 → 94+7 added−0 removed25 weight shifts ≥ 0.1%
| 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
Banks17.7%
Pharmaceuticals & Biotechnology7.0%
Finance6.2%
IT - Software5.8%
Petroleum Products5.7%
Capital Markets4.7%
Consumer Durables4.4%
Automobiles4.3%
Telecom - Services4.2%
Realty2.8%
Top 10 sectors by % to NAV. Excludes derivatives.