Mirae Asset Large & Midcap Fund
Mirae Asset Mutual Fund · Large & Mid Cap · Direct plan, growth option
NAV (₹), 1 Oct 2026
167.6530
1-day change
-0.97%
1Y return
-1.0%
3Y CAGR
10.3%
5Y CAGR
9.7%
Max drawdown, 5Y
−19.5%
NAV history month-end NAV, ₹ · 2 Jan 2013 to 1 Oct 2026
Returns vs Large & Mid Cap median (36 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -6.9% | -6.1% |
| 3 months | -5.0% | -3.9% |
| 6 months | 6.7% | 8.1% |
| Year to date | -6.1% | -3.2% |
| 1 year | -1.0% | 0.7% |
| 3 years (CAGR) | 10.3% | 11.9% |
| 5 years (CAGR) | 9.7% | 11.5% |
| 7 years (CAGR) | 17.0% | 17.0% |
| 10 years (CAGR) | 15.7% | 14.1% |
| Since first NAV (CAGR) | 19.7% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 16.9% | 13.2% |
| 3Y rolling median | 19.8% | 18.0% |
| 3Y rolling worst | -2.3% | -3.7% |
| 3Y periods positive | 100% | 99% |
| 3Y periods ahead of benchmark | 12% | 67% |
| 5Y rolling median | 20.5% | 16.8% |
| 5Y rolling worst | 6.0% | 2.2% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: Nifty LargeMidcap 250 (proxy: Edelweiss NIFTY Large Midcap 250 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 16.4% | 16.2% |
| Sharpe ratio | 0.31 | 0.42 |
| Sortino ratio | 0.45 | 0.63 |
| Beta | 1.00 | 0.97 |
| Alpha (ann.) | 0.3% | 2.1% |
| Upside capture | 102.32 | 102.90 |
| Downside capture | 101.06 | 98.80 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −36.9% | −35.7% |
| Maximum drawdown, last 10Y | −36.9% | −37.4% |
| Maximum drawdown, last 5Y | −19.5% | −19.5% |
| Current drawdown | −7.8% | −7.5% |
| Recovery time of worst fall | 158 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.75% a year and the Direct plan's 0.84%, a gap of 0.91%; over the last 3 years the Direct plan returned 1.02 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹21,40,010.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER reduced from 0.85% to 0.84% (AMFI TER disclosure)
- 24 Sep 2026: TER increased from 0.84% to 0.85% (AMFI TER disclosure)
- 18 Sep 2026: TER reduced from 0.85% to 0.84% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 0.84% to 0.85% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Neelesh Surana | Primary | 9 Jul 2010 |
| Ankit Jain | 31 Jan 2019 |
Objective: The investment objective of the scheme is to generate income and capital appreciation from a portfolio primarily investing in Indian equities and equity related securities of large cap and mid cap companies/entities at the time of investment. There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Indian Equities and Equity Related Securities* of Large cap*companies/Entities (top 100 stocks by market capitalization at the time of investment): 35% to 65% Indian Equities and Equity Related Securities** of Mid cap companies/Entities (which are not part of the Top 100 stocks but fall within Top 250 stocks by market capitalization at the time of investment).: 35% to 65 % Other Indian Equities and Equity Related Securities /Money market instruments and other liquid instruments^/ Units issued by InVITs/Units of Domestic Mutual Fund@: 0% to 35 % ^Other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, repo on Governme…
Benchmark (tier 1): Nifty Large Midcap 250 (TRI)
Exit load: Exit load: I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP - in) on or before completion of 365 days from the date of allotment of units: Nil. b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: NIL II. Other Redemptions: For Investors who have no…
Minimum application: Lumpsum purchase not allowed
Allotment date: 9 Jul 2010
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.84% | 1.08% |
| AUM, whole scheme (₹ crore) | 42,834 | 4,000 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 0.9% | -0.4% TRI |
| Return, 3 years (AMFI) | 10.6% | 10.8% TRI |
| Return, 5 years (AMFI) | 9.8% | 11.0% TRI |
| Month-ends above category median (3Y CAGR) | 67% | 52% median |
| Month-ends in category top quartile (3Y) | 64% | 23% median |
| 7Y rolling CAGR, median (monthly windows) | 19.1% | 16.0% median |
Official benchmark: Nifty LargeMidcap 250 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Large & Mid Cap Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty LargeMidcap 250 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -6.1% | -7.0% | +1.0% |
| 2025 | 10.2% | 7.9% | +2.3% |
| 2024 | 16.7% | 18.3% | −1.7% |
| 2023 | 30.6% | 32.0% | −1.5% |
| 2022 | -0.5% | 4.0% | −4.5% |
| 2021 | 40.6% | n/a | – |
| 2020 | 23.6% | n/a | – |
| 2019 | 15.9% | n/a | – |
| 2018 | -4.7% | n/a | – |
| 2017 | 50.2% | n/a | – |
Benchmark proxy: Edelweiss NIFTY Large Midcap 250 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,16,132 | -5.9% |
| 3 years | ₹3,60,000 | ₹3,80,586 | 3.6% |
| 5 years | ₹6,00,000 | ₹7,59,512 | 9.4% |
| 10 years | ₹12,00,000 | ₹25,87,222 | 14.7% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Large & Mid Cap
Plan / option: Direct · Growth
AMFI scheme code: 118834
ISIN: INF769K01BI1
First NAV in MFIC data: 2 Jan 2013
History: 13.7 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Mirae Asset ELSS Tax Saver Fund | ELSS | 0.99 | 10.6% |
| Mirae Asset Multicap Fund | Multi Cap | 0.99 | 12.3% |
| HDFC Large & Mid Cap Fund | Large & Mid Cap | 0.99 | 11.2% |
| Baroda BNP Paribas Dividend Yield Fund | Dividend Yield | 0.99 | n/a |
| Bandhan Business Cycle Fund | Sectoral/Thematic | 0.99 | n/a |
| Bajaj Finserv Large & Mid Cap Fund | Large & Mid Cap | 0.98 | n/a |
Questions about Mirae Asset Large & Midcap Fund
- What is the latest NAV of Mirae Asset Large & Midcap Fund?
- The NAV of the Direct plan (growth option) was ₹167.6530 on 1 Oct 2026, as published by AMFI.
- Which category is Mirae Asset Large & Midcap Fund in?
- It is classified as Large & Mid Cap in AMFI's daily NAV file; a Large & Mid Cap scheme invests at least 35% each in large-cap and mid-cap stocks. MFIC compares it with 36 Large & Mid Cap schemes (Direct plans).
- What returns has Mirae Asset Large & Midcap Fund delivered?
- Over one year the NAV changed by -1.0%. The 3-year CAGR is 10.3% (category median 11.9%) and the 5-year CAGR is 9.7% (category median 11.5%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 19.8%, the lowest was -2.3%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty LargeMidcap 250 (index-fund proxy) in 12% of those periods.
- What was the largest fall in Mirae Asset Large & Midcap Fund's NAV?
- The largest peak-to-trough fall in its available history was 36.9%; within the last five years it was 19.5% (category median 19.5%).
- How volatile is Mirae Asset Large & Midcap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 16.4%, which is above the Large & Mid Cap category median of 16.2%.
- What would a monthly SIP in Mirae Asset Large & Midcap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,59,512 on 1 Oct 2026, an annualised return (XIRR) of 9.4%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Mirae Asset Large & Midcap Fund?
- The total expense ratio of the Direct plan is 0.84% a year, as disclosed to AMFI (median of Large & Mid Cap Direct plans: 1.08%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Mirae Asset Large & Midcap Fund?
- Assets under management of the whole scheme were ₹42,834 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Mirae Asset Large & Midcap Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Mirae Asset Large & Midcap Fund and how has it compared?
- Its official benchmark is the Nifty LargeMidcap 250 TRI. Over 3 years AMFI reports a return of 10.6% for this plan against 10.8% for the benchmark total return index; over 5 years 9.8% against 11.0%. Past performance does not indicate future results.
- How often has Mirae Asset Large & Midcap Fund beaten its category?
- At 67% of the 120 month-ends compared over the last 10 years, its 3-year return was above the median of Large & Mid Cap schemes (Direct plans); it was in the top quarter at 64% of them. A typical scheme would show about 50%.
- Who manages Mirae Asset Large & Midcap Fund?
- According to its Scheme Summary Document, Mirae Asset Large & Midcap Fund is managed by Neelesh Surana (since 9 Jul 2010), Ankit Jain (since 31 Jan 2019).
- What is the exit load of Mirae Asset Large & Midcap Fund?
- As stated in its scheme documents: Exit load: I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP - in) on or before completion of 365 days from the date of allotment of units: Nil. b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: NIL II. Other Redemptions: For Investors who have no… Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Mirae Asset Large & Midcap Fund?
- The minimum application amount is Lumpsum purchase not allowed. SIP details: 500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by -1.0% and the Regular plan's by -1.9%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.