Mirae Asset Mutual Fund · Direct Growth · SEBI Category: Large Cap
Mirae Asset Large Cap Fund is one of India's most respected large cap schemes, managed by Mirae Asset Mutual Fund — the Indian arm of a Korea-headquartered global asset management group known for research-driven, long-term investing. The fund was launched as Mirae Asset India Opportunities Fund in 2008 and later renamed to reflect its SEBI-mandated large cap focus. Unlike many peers, its name required no change under SEBI's 2025 scheme rename directive — it already aligned with category nomenclature.
The fund is mandated to invest at least 80% of its assets in large cap stocks — the top 100 companies by market capitalisation as defined by SEBI. Gaurav Misra runs a diversified, research-intensive portfolio with a preference for businesses with strong competitive moats, capable management and sustainable earnings growth. The fund has historically maintained a portfolio of 50-70 stocks, avoiding excessive concentration in any single sector or theme.
Gaurav Misra is Co-Head of Equity at Mirae Asset Mutual Fund and has been managing this scheme since January 31, 2019. He holds an MBA from IIM Lucknow and brings over 24 years of experience in investment management and equity research. His tenure covers COVID (2020), the 2022 rate hike cycle and the 2024-25 correction.
For current co-manager details and full biography, refer to the latest Mirae Asset Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| SBI Large Cap Fund | ₹100.90 | ₹52.8K Cr Jan–Mar 2026 | +0.3% | +11.2% p.a. | +11.5% p.a. | 0.45 |
| Mirae Asset Large Cap Fund ▲ | ₹121.53 | ₹39.4K Cr Jan–Mar 2026 | -2.4% | +10.5% p.a. | +10.2% p.a. | 0.39 |
| Axis Large Cap Fund | ₹65.56 | ₹31.8K Cr Jan–Mar 2026 | -4.2% | +9.5% p.a. | +7.7% p.a. | 0.28 |
| HDFC Large Cap Fund | ₹1,166.33 | ₹38.0K Cr Jan–Mar 2026 | -3.8% | +11.4% p.a. | +12.2% p.a. | 0.45 |
| Canara Robeco Large Cap Fund | ₹68.50 | ₹16.7K Cr Jan–Mar 2026 | -4.2% | +11.9% p.a. | +11.1% p.a. | 0.51 |
Calculated from 2,566 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how Mirae Asset Large Cap Fund ranks against other Large Cap funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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