Mirae Asset Multicap Fund
Mirae Asset Mutual Fund·Multi Cap Fund·vs Nifty 500 Multicap 50:25:25 TRI
The fund maintains a pronounced banking tilt at 18.3% while selectively rotating into quality growth stories like logistics and quick commerce, signaling confidence in consumption-driven recovery. The eight new additions—spanning aerospace, fintech, real estate, and ratings—suggest the manager is broadening exposure beyond traditional defensive sectors without abandoning its core financial services conviction. This measured portfolio refresh indicates tactical repositioning toward structural growth themes while preserving a stabilizing bank-heavy anchor.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹14.4220 | — | — | — | — | — | — |
| Regular Growth | ₹13.8510 | +1.05% | -4.05% | -6.21% | +2.15% | — | — |
| Direct IDCW | ₹14.4200 | — | — | — | — | — | — |
| Regular IDCW | ₹13.8400 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
81
Top 5 Weight
17.91%
Top 10 Weight
28.63%
Active Share
—
Large Cap
35.55%
Gini
0.331
What Changed2026-03-31 → 2026-04-30
Holdings: 77 → 83+8 added−2 removed37 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Hindustan Aeronautics Ltd. | 0.98% |
| Kfin Technologies Ltd. | 0.79% |
| Lodha Developers Ltd. | 0.76% |
| CRISIL Ltd. | 0.49% |
| Vedanta Aluminium Metal Ltd. A** | 0.27% |
| Vedanta Iron and Steel Ltd. A** | 0.27% |
| Malco Energy Ltd. A** | 0.27% |
| Talwandi Sabo Power Ltd. A** | 0.27% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 5.34% |
| 2 | ICICI Bank Ltd. INE090A01021 | 3.57% |
| 3 | Delhivery Ltd. INE148O01028 | 3.30% |
| 4 | Axis Bank Ltd. INE238A01034 | 3.07% |
| 5 | IndusInd Bank Ltd. INE095A01012 | 2.62% |
| 6 | Reliance Industries Ltd. INE002A01018 | 2.49% |
| 7 | Swiggy Ltd. INE00H001014 | 2.22% |
| 8 | Lupin Ltd. INE326A01037 | 2.02% |
| 9 | Gland Pharma Ltd. INE068V01023 | 2.00% |
| 10 | Tata Consultancy Services Ltd. INE467B01029 | 1.99% |
| 11 | Tata Communications Ltd. INE151A01013 | 1.93% |
| 12 | Tata Steel Ltd. INE081A01020 | 1.93% |
| 13 | CEAT Ltd. INE482A01020 | 1.89% |
| 14 | Bharat Heavy Electricals Ltd. INE257A01026 | 1.88% |
| 15 | Dalmia Bharat Ltd. INE00R701025 | 1.81% |
| 16 | Hero MotoCorp Ltd. INE158A01026 | 1.69% |
| 17 | Bharti Airtel Ltd. INE397D01024 | 1.65% |
| 18 | State Bank of India INE062A01020 | 1.56% |
| 19 | Sai Life Sciences Ltd. INE570L01029 | 1.54% |
| 20 | HDB Financial Services Ltd. INE756I01012 | 1.53% |
Sector Allocation
Banks18.3%
Pharmaceuticals & Biotechnology7.2%
Consumer Durables5.8%
Transport Services5.3%
Auto Components5.2%
IT - Software4.6%
Finance3.8%
Telecom - Services3.6%
Retailing3.4%
Healthcare Services3.1%
Top 10 sectors by % to NAV. Excludes derivatives.