Mirae Asset Large Cap Fund
Mirae Asset Large Cap Fund maintains a pronounced financial sector tilt with banks commanding over a quarter of the portfolio, anchored by HDFC and ICICI Bank holdings exceeding 17%. The manager's recent additions to energy and metals stocks signal growing conviction in commodity cyclicals, though this tactical shift hasn't yet offset broader market weakness reflected in negative returns this month. The portfolio's concentrated positioning in 84 holdings with nearly half the weight in the top 10 reflects a quality-focused approach, though it leaves limited flexibility for diversification benefits.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹121.8750 | -1.86% | — | — | — |
| Regular Growth | ₹107.2660 | -1.93% | -3.65% | +9.94% | +10.43% |
| Direct IDCW | ₹63.6180 | -1.86% | — | — | — |
| Regular IDCW | ₹27.4750 | -1.93% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Balanced ApproachActive 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 |
|---|---|
| HDFC Life Insurance Company Ltd. | 0.83% |
| Talwandi Sabo Power Ltd. A** | 0.25% |
| Malco Energy Ltd. A** | 0.25% |
| Vedanta Iron and Steel Ltd. A** | 0.25% |
| Vedanta Aluminium Metal Ltd. A** | 0.25% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 9.15% |
| 2 | ICICI Bank Ltd. INE090A01021 | 8.12% |
| 3 | Reliance Industries Ltd. INE002A01018 | 5.76% |
| 4 | Bharti Airtel Ltd. INE397D01024 | 4.99% |
| 5 | Infosys Ltd. INE009A01021 | 4.09% |
| 6 | Larsen & Toubro Ltd. INE018A01030 | 3.47% |
| 7 | State Bank of India INE062A01020 | 3.42% |
| 8 | Axis Bank Ltd. INE238A01034 | 3.37% |
| 9 | ITC Ltd. INE154A01025 | 2.83% |
| 10 | Eternal Ltd. INE758T01015 | 2.48% |
| 11 | Maruti Suzuki India Ltd. INE585B01010 | 2.43% |
| 12 | Tata Consultancy Services Ltd. INE467B01029 | 2.26% |
| 13 | Mahindra & Mahindra Ltd. INE101A01026 | 2.25% |
| 14 | Kotak Mahindra Bank Ltd. INE237A01036 | 1.67% |
| 15 | Asian Paints Ltd. INE021A01026 | 1.60% |
| 16 | Ambuja Cements Ltd. INE079A01024 | 1.59% |
| 17 | Varun Beverages Ltd. INE200M01039 | 1.41% |
| 18 | Apollo Hospitals Enterprise Ltd. INE437A01024 | 1.39% |
| 19 | One 97 Communications Ltd. INE982J01020 | 1.38% |
| 20 | Bajaj Finance Ltd. INE296A01032 | 1.37% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mirae Asset Large Cap Fund hold?
Mirae Asset Large Cap Fund holds 82 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 32.12% of NAV.
What is the largest holding in Mirae Asset Large Cap Fund?
The largest position in Mirae Asset Large Cap Fund is HDFC Bank Ltd., accounting for 9.15% of NAV in the Banks sector.
Is Mirae Asset Large Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.562, Mirae Asset Large Cap Fund is moderately concentrated. The HHI concentration index is 33,361 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 32.12% of the portfolio.
What is the market cap allocation of Mirae Asset Large Cap Fund?
Based on SEBI's AMFI classification, Mirae Asset Large Cap Fund's equity portfolio is split as: Large Cap: 85.28%, Mid Cap: 6.24%, Small Cap: 5.46%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mirae Asset Large Cap Fund invest in most?
Mirae Asset Large Cap Fund has the highest allocation to Banks (26.37%), IT - Software (7.14%), Petroleum Products (6.49%). The fund is invested across 36 sectors in total.
How actively managed is Mirae Asset Large Cap Fund compared to other Large Cap Fund funds?
Mirae Asset Large Cap Fund has an Active Share of 35.23%, classifying it as "Balanced Approach" among 33 Large Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Mirae Asset Large Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mirae Asset Large Cap Fund added 5 new stocks (including HDFC Life Insurance Company Ltd.) and exited 1 stock (including LG Electronics India Ltd.). Total holding count increased from 80 to 84 stocks.