Mirae Asset Large Cap Fund
Direct · GrowthAI Summary
Mirae Asset Large Cap Fund has delivered consistent outperformance versus the NIFTY 50 across all measured periods, with alpha of 1.47% to 3.91% over 5Y to 15Y horizons. Its SIP XIRR of 14.86% over 5Y and 14.64% over 10Y beats the category average SIP XIRR of 14.33% and 14.23% respectively, though the 3Y XIRR of 13.89% is marginally below the category's 13.97%. Lump-sum CAGR has also beaten the benchmark in every window, e.g. 12.11% vs 10.33% over 10 years.
The fund shows a beta below 1 (0.95-0.98) with downside capture consistently under 96%, meaning it has historically fallen less than the index during corrections. It has experienced 9 drawdown events greater than 10%, with recovery from the maximum drawdown taking 228 days. Calmar ratios in the 0.40-0.47 range indicate reasonable risk-adjusted returns relative to the depth of its worst drawdowns.
Detailed holdings and sector allocation data were not provided, so composition cannot be assessed here. As a Large Cap Fund under SEBI norms, it must hold at least 80% in the top 100 companies by market capitalization, which typically limits concentration risk. Investors should review the latest factsheet or portfolio disclosure for current top holdings and sector weights.
The fund's 5Y, 7Y, 10Y, and 12Y SIP XIRR figures (14.86%, 14.62%, 14.64%, 14.19%) exceed the corresponding category averages, establishing it as a consistent long-term performer among large cap peers. Calendar year returns show resilience, staying positive in 13 of the last 14 years, including modest gains of 1.06% in 2022 and 1.08% in 2018 when markets struggled. The low expense ratio of 0.58% is competitive for an actively managed large cap fund.
This fund suits investors seeking core, relatively stable equity exposure with a long-term horizon of 5-7 years or more, given the strongest outperformance emerges over longer periods. Its downside capture under 96% and sub-1 beta make it appropriate for moderate risk tolerance investors who want large cap stability with an alpha edge. SIP investors in particular benefit from its steady long-term XIRR track record versus both category and benchmark.
- Consistent positive alpha versus NIFTY 50 across every period from 1Y to 15Y, including 3.51% alpha in the most recent 1Y
- Downside capture below 96% at all measured horizons, indicating better protection than the index during market declines
- Long-term SIP XIRR (10Y: 14.64%) consistently above the category average (10Y: 14.23%) with a low expense ratio of 0.58%
- Recent 1Y loss of -8.96% in calendar 2026, with the fund's 1Y CAGR of -7.81% trailing the benchmark's decline pace less than usual (downside capture 97.7%)
- 3Y SIP XIRR of 13.89% is marginally below the category average of 13.97%, signaling recent relative softness versus peers
- Nine drawdown events exceeding 10% show meaningful interim losses are common, requiring investor patience during recoveries that can take several months
Generated on 04-11-2026, 3:01 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.82 L | 18.2% | -57.6% | 88.3% |
| 3 Years | ₹36.00 L | ₹44.58 L | 15.0% | -19.6% | 33.7% |
| 5 Years | ₹60.00 L | ₹86.18 L | 14.7% | -5.5% | 24.7% |
| 7 Years | ₹84.00 L | ₹1.42 Cr | 14.6% | 2.2% | 20.2% |
| 10 Years | ₹1.20 Cr | ₹2.60 Cr | 14.7% | 10.6% | 17.6% |
| 12 Years | ₹1.44 Cr | ₹3.68 Cr | 14.2% | 11.3% | 16.9% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 18.2% | 14.3% | 7.7% | +3.9% |
| 3 Years | 15.0% | 11.0% | 14.0% | +4.0% |
| 5 Years | 14.7% | 10.4% | 14.3% | +4.4% |
| 7 Years | 14.6% | 10.6% | 14.0% | +4.1% |
| 10 Years | 14.7% | 11.4% | 14.2% | +3.2% |
| 12 Years | 14.2% | 11.3% | 13.8% | +2.9% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 17.6% | 13.2% | -31.0% | 93.8% | 0.59 | 2.12 | 88% | — | — |
| 3 Years | 15.7% | 15.5% | -3.4% | 31.4% | 1.74 | 10.53 | 100% | — | — |
| 5 Years | 15.4% | 15.3% | 2.1% | 26.6% | 2.12 | 38.14 | 100% | — | — |
| 10 Years | 15.5% | 15.3% | 11.8% | 19.2% | 5.10 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +3.51 | 1.02 | 102.1% | 97.7% | -7.8% | -10.9% |
| 3 Years | +2.38 | 0.98 | 98.8% | 95.6% | 8.8% | 6.4% |
| 5 Years | +1.47 | 0.96 | 96.4% | 94.2% | 6.7% | 5.2% |
| 7 Years | +1.84 | 0.95 | 95.9% | 93.6% | 11.7% | 10.0% |
| 10 Years | +1.92 | 0.96 | 97.5% | 95.2% | 12.1% | 10.3% |
| 12 Years | +3.34 | 0.96 | 98.2% | 94.3% | 12.3% | 9.0% |
| 15 Years | +3.91 | 0.95 | 98.0% | 93.2% | 13.2% | 9.4% |