Mirae Asset Large & Midcap Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹170.2870 | +0.10% | — | — | — |
| Regular Growth | ₹150.1690 | +0.03% | +3.20% | +15.24% | +13.35% |
| Direct IDCW | ₹79.8500 | +0.10% | — | — | — |
| Regular IDCW | ₹46.1880 | +0.03% | — | — | — |
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 |
|---|---|
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mirae Asset Large & Midcap Fund hold?
Mirae Asset Large & Midcap Fund holds 88 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 19.02% of NAV.
What is the largest holding in Mirae Asset Large & Midcap Fund?
The largest position in Mirae Asset Large & Midcap Fund is HDFC Bank Ltd., accounting for 6.53% of NAV in the Banks sector.
Is Mirae Asset Large & Midcap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.412, Mirae Asset Large & Midcap Fund is well-diversified. The HHI concentration index is 19,147 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 19.02% of the portfolio.
What is the market cap allocation of Mirae Asset Large & Midcap Fund?
Based on SEBI's AMFI classification, Mirae Asset Large & Midcap Fund's equity portfolio is split as: Large Cap: 45.94%, Mid Cap: 37.75%, Small Cap: 12.46%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mirae Asset Large & Midcap Fund invest in most?
Mirae Asset Large & Midcap Fund has the highest allocation to Banks (20.41%), Pharmaceuticals & Biotechnology (7.04%), Transport Services (4.72%). The fund is invested across 33 sectors in total.
How actively managed is Mirae Asset Large & Midcap Fund compared to other Large & Mid Cap Fund funds?
Mirae Asset Large & Midcap Fund has an Active Share of 60.53%, classifying it as "Active Stock Picker" among 33 Large & Mid Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Mirae Asset Large & Midcap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mirae Asset Large & Midcap Fund added 6 new stocks (including Oil & Natural Gas Corporation Ltd.) and exited 2 stocks (including Biocon Ltd.). Total holding count increased from 86 to 90 stocks.