Investment Objective
Mirae Asset Large & Midcap Fund, formerly Mirae Asset Emerging BlueChip Fund, seeks to generate income and capital appreciation for investors by primarily investing in Indian equities and equity related instruments of both large cap and mid cap companies.
Investment Strategies
- The fund maintains a balanced allocation, with 35–65% exposure to large caps and 35–65% to mid caps.
- It seeks to invest in emerging companies, which have the potential to become bluechip companies in the future.
- The fund follows a bottom-up approach to stock selection, focusing on value investing in growth-oriented businesses, which also preferably offer long periods of structural growth along with a margin of safety.
- The scheme aims to invest in high quality businesses available at reasonable valuations.
- The scheme maintains a diversified and low churn (PTR) portfolio across sectors to generate risk-adjusted performance.
- The fund focuses on the quality and liquidity of the stocks during the stock selection process.
- Its investment strategy involves taking higher active weights at the stock level while maintaining relatively controlled exposure at the sector level.
- The fund also seeks to maintain sectoral diversification while keeping adequate representation of special situations or deep value opportunities, wherever possible.
Who Should Invest
- Investors having an investment horizon of 3 years and above and seeking exposure to both large and mid caps through a single scheme.
- Investors having moderately higher risk appetite and looking for long term capital appreciation with reasonable stability can consider investing in Mirae Asset Large & Mid Cap Fund
Frequently Asked Questions
What is the risk level of Mirae Asset Large & Midcap Fund?
As per the fund factsheet published by the fund house, Mirae Asset Large & Midcap Fund is considered to carry ‘Very High Risk’ for its investors.
Is there any lock-in period in Mirae Asset Large & Midcap Fund?
Mirae Asset Large & Midcap Fund has no lock-in period for its investors. The investors of this fund are free to make redemption requests on any date as per their requirements.
What type of mutual fund is the Mirae Asset Large & Midcap Fund?
The Mirae Asset Large & Midcap Fund is an open-ended equity mutual fund scheme and it belongs to the ‘large and mid cap fund’ category.
Is Mirae Asset Large & Midcap Fund an open-ended or close-ended scheme?
The Mirae Asset Large & Midcap Fund is an open-ended equity mutual fund scheme.
What is the benchmark index for this Mirae Asset Large & Midcap Fund?
Nifty Large Midcap 250 Index (TRI) is the benchmark index of Mirae Asset Large & Midcap Fund. The scheme has Nifty 50 TRI as its additional benchmark index.