The Mirae Asset India Equity Fund is an actively managed, open-ended equity mutual fund. The fund seeks to provide investors with long-term capital appreciation through a highly diversified portfolio of equity stocks of companies that display strong potential for growth and sustainable business practices. The fund also looks to take advantage of short and medium-term opportunities that may arise. As this is an equity mutual fund it is exposed to market risks such as volatility. Investors in this fund should have an investment horizon of at least 3 years and should have a high appetite for risk.
|Benchmark Type||S&P BSE 200|
|Min subscription||₹ 5,000|
|Scheme AUM (in Crs.)||₹ 13,946|
|AMC AUM (in Crs.)||₹ 24,191|
|Min Addition Subscription||₹ 1,000|
|Fund||Min SIP Inv.||Min Inv.||Returns 3Y|
The Mirae Asset India Equity Fund invests predominantly in the large-cap segment of the Indian market with an asset allocation of approximately 80% invested here. The fund also invests nominally in debt and other money market instruments to provide it with liquidity. The fund maintains a highly-diversified portfolio across market sectors and presently invests heavily in the Finance, Energy, Technology and FMCG sectors of the India economy.
|HDFC Bank Ltd||Equity||9|
|ICICI Bank Ltd||Equity||6|
|Reliance Industries Ltd||Equity||6|
|Axis Bank Ltd||Equity||4|
|Larsen & Toubro Ltd||Equity||4|
|Tata Consultancy Services Ltd||Equity||4|
|State Bank of India||Equity||4|
|Housing Development Finance Corp Ltd||Equity||3|
|Cash - Repurchase Agreement||2|
|Mutual Fund - Open End||1|
|Bond - Corporate Bond||0|
|Banks - Regional - Asia||29|
|Information Technology Services||9|
|Oil & Gas Refining & Marketing||9|
|Drug Manufacturers - Specialty & Generic||5|
|Engineering & Construction||4|
The investment objective of the scheme is to generate long term capital appreciation by capitalizing on potential investment opportunities by predominantly investing in equities of large cap companies. The Scheme does not guarantee or assure any returns.
"Long-term capital appreciation
• Investment in equities equity related securities"
Neelesh Surana has been with the fund since its start and has been actively managing the fund while sticking to finding the large cap growth stocks with attractive prices. The fund has succefully managed to outperform the benchmark and its peers while maintaining the funds volatility. In the long run the fund has managed to be in top positions when it comes to large caps.
022 - 67800300
Unit No.606, Windsor Building Off.,C.S.T Road, Kalina Santacruz E, Mumbai - 400 098