MIRAE ASSET INDIA EQUITY FUND - (MAIEF) (2024)

Type of Scheme

Large & Mid Cap Fund - An open ended equity scheme investing in both large cap and mid cap stocks

Investment 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 at the time of investment. From time to time, the fund manager may also seek participation in other Indian equity and equity related securities to achieve optimal Portfolio construction. The Scheme does not guarantee or assure any returns

Fund Manager**

Mr. Neelesh Surana,
(since inception of the fund) and
Mr. Ankit Jain
(since January 31, 2019)

Allotment Date

09th July, 2010

Benchmark Index

Nifty Large Midcap 250 (TRI)

Minimum Investment
Amount

Fresh lumpsum subscription/switch-in to all the Plans & Options of Mirae Asset Emerging Bluechip Fundthrough any mode including Stock Exchange platform has been temporarily suspended with effect from October 25, 2016

Systematic Investment
Plan (SIP)
(Any Date SIP is available from 1st July, 2019)

Fresh Registration through the Systematic Route i.e. Systematic Investment Plan (SIP) shall be allowed for a maximum of upto ₹ 25,000/- aggregated at primary holder PAN through monthly or quarterly mode cumulatively aggregated across all available SIP Dates from 1st to 28th of the month. The changes are effective from July 01, 2019. For more details please refer to the addendum dated May 31, 2019.

Load Structure

Entry load: NA
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 not opted for SWP under the plan (including Switch out, STP out):
•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

Plans Available

Regular Plan and Direct Plan

Options Available

Growth Option and Dividend Option (Payout & Re-investment)

Monthly Average AUM
(₹ Cr.) as on August 31, 2020

11,145.15

Monthly Avg.Expense Ratio
(Including StatutoryLevies)
as on August 31, 2020

Regular Plan:1.86%
Direct Plan: 0.84%

@The Volatility, Beta, R Squared, Sharpe Ratio & Information Ratio are calculated on returns from last three years Monthly data points. # Risk free rate: FBIL OVERNIGHT MIBOR as on 31st August 2020.^Basis last rolling 12 months.

05-Jan-16

2.00 per Unit

10

24.495

20-Jul-16

2.00 per Unit

10

24.292

24-Jul-17

2.50 per Unit

10

28.233

06-Dec-18

2.50per Unit

10

29.737

16-Jan-20

1.70 per Unit

10

31.950

12.46

7.28

13.81

18.88

8.28

3.46

9.11

10.01

4.60

8.04

9.39

9.43

SIP

1,210,000

3,346,552

10 Yrs

1,200,000

3,290,870

7 Yrs

840,000

1,491,702

5 Yrs

600,000

804,143

3 Yrs

360,000

410,140

1 Yr

120,000

133,883

Returns (%)

Period

SI

10yrs

7yrs

5yrs

3yrs

1yr

Fund Return^& (%)

19.14

19.15

16.11

11.66

8.65

22.14

Benchmark Return^& (%)

11.05

11.08

9.32

6.88

3.41

18.44

Add. Benchmark Return^& (%)

10.03

10.05

9.15

8.96

6.23

13.78