Mirae Asset Large & Midcap Fund
Mirae Asset Mutual Fund·Large & Mid Cap Fund·vs Nifty LargeMidcap 250 TRI
The fund maintains a pronounced banking tilt at over 20 percent, betting on financial sector strength while balancing with meaningful exposure to pharma and mid-cap growth stories like Delhivery and Laurus Labs. Recent portfolio shifts reveal a tactical pivot toward cyclicals and commodities—introducing HAL, Vedanta subsidiaries, and ONGC while trimming defensive plays like Biocon—suggesting the manager expects economic momentum despite near-term caution. The modest one-month gain reflects this repositioning amid market volatility.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹168.3200 | +1.32% | — | — | — | — | — |
| Regular Growth | ₹148.4380 | +1.24% | -4.07% | -5.40% | +3.51% | +14.95% | +13.08% |
| Direct IDCW | ₹78.9280 | +1.31% | — | — | — | — | — |
| Regular IDCW | ₹45.6560 | +1.24% | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
88
Top 5 Weight
19.02%
Top 10 Weight
30.43%
Active Share
—
Large Cap
45.94%
Gini
0.412
What Changed2026-03-31 → 2026-04-30
Holdings: 86 → 90+6 added−2 removed36 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Oil & Natural Gas Corporation Ltd. | 0.74% |
| Hindustan Aeronautics Ltd. | 0.63% |
| Vedanta Aluminium Metal Ltd. A** | 0.26% |
| Vedanta Iron and Steel Ltd. A** | 0.26% |
| Talwandi Sabo Power Ltd. A** | 0.26% |
| Malco Energy Ltd. A** | 0.26% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 6.53% |
| 2 | ICICI Bank Ltd. INE090A01021 | 3.67% |
| 3 | Axis Bank Ltd. INE238A01034 | 3.04% |
| 4 | State Bank of India INE062A01020 | 2.96% |
| 5 | Reliance Industries Ltd. INE002A01018 | 2.83% |
| 6 | IndusInd Bank Ltd. INE095A01012 | 2.56% |
| 7 | Laurus Labs Ltd. INE947Q01028 | 2.43% |
| 8 | Delhivery Ltd. INE148O01028 | 2.21% |
| 9 | Tata Consultancy Services Ltd. INE467B01029 | 2.17% |
| 10 | Bharat Forge Ltd. INE465A01025 | 2.04% |
| 11 | PB Fintech Ltd. INE417T01026 | 2.04% |
| 12 | Lupin Ltd. INE326A01037 | 2.01% |
| 13 | Tata Communications Ltd. INE151A01013 | 1.91% |
| 14 | Hero MotoCorp Ltd. INE158A01026 | 1.72% |
| 15 | SBI Life Insurance Co. Ltd. INE123W01016 | 1.68% |
| 16 | Bharti Airtel Ltd. INE397D01024 | 1.67% |
| 17 | Steel Authority of India Ltd. INE114A01011 | 1.65% |
| 18 | Dalmia Bharat Ltd. INE00R701025 | 1.65% |
| 19 | Prestige Estates Projects Ltd. INE811K01011 | 1.63% |
| 20 | HDB Financial Services Ltd. INE756I01012 | 1.61% |
Sector Allocation
Banks20.4%
Pharmaceuticals & Biotechnology7.0%
Transport Services4.7%
Consumer Durables4.4%
IT - Software4.4%
Retailing4.4%
Auto Components4.1%
Finance3.9%
Automobiles3.7%
Telecom - Services3.6%
Top 10 sectors by % to NAV. Excludes derivatives.