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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹120.4280 | -1.20% | — | — | — | — | — |
| Regular Growth | ₹105.9950 | -1.28% | -7.43% | -9.34% | -3.34% | +9.58% | +10.17% |
| Direct IDCW | ₹62.8630 | -1.20% | — | — | — | — | — |
| Regular IDCW | ₹27.1490 | -1.28% | — | — | — | — | — |
Portfolio Metrics(latest month)
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.