Mirae Asset Multicap Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹14.5590 | — | — | — | — |
| Regular Growth | ₹13.9830 | -0.26% | +1.82% | — | — |
| Direct IDCW | ₹14.5580 | — | — | — | — |
| Regular IDCW | ₹13.9720 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mirae Asset Multicap Fund hold?
Mirae Asset Multicap Fund holds 81 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 17.91% of NAV.
What is the largest holding in Mirae Asset Multicap Fund?
The largest position in Mirae Asset Multicap Fund is HDFC Bank Ltd., accounting for 5.34% of NAV in the Banks sector.
Is Mirae Asset Multicap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.331, Mirae Asset Multicap Fund is well-diversified. The HHI concentration index is 17,681 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 17.91% of the portfolio.
What is the market cap allocation of Mirae Asset Multicap Fund?
Based on SEBI's AMFI classification, Mirae Asset Multicap Fund's equity portfolio is split as: Large Cap: 35.55%, Mid Cap: 29.57%, Small Cap: 31.17%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mirae Asset Multicap Fund invest in most?
Mirae Asset Multicap Fund has the highest allocation to Banks (18.34%), Pharmaceuticals & Biotechnology (7.16%), Consumer Durables (5.84%). The fund is invested across 36 sectors in total.
How actively managed is Mirae Asset Multicap Fund compared to other Multi Cap Fund funds?
Mirae Asset Multicap Fund has an Active Share of 70.67%, classifying it as "Highly Differentiated" among 30 Multi Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Mirae Asset Multicap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mirae Asset Multicap Fund added 8 new stocks (including Hindustan Aeronautics Ltd.) and exited 2 stocks (including ICICI Prudential Asset Management Company Ltd.). Total holding count increased from 77 to 83 stocks.