Mirae Asset India Opportunities Fund has been renamed to Mirae Asset India Equity Fund as per the new SEBI guidelines. The fund remains a multi-cap fund. Also, other features of the scheme remain unchanged. With assets of ₹10,036 Cr, the Mirae Asset is managed by the prolific fund manager, Neelesh Surana. In spite of being a multi-cap fund, Mirae Asset India Equity Fund predominantly invests in large-cap stocks.
Neelesh has managed this fund along with Mirae Asset Emerging Bluechip Fund exceedingly well. The investment process is focused on a bottom-up approach with a well-diversified approach. Mirae Asset India Opportunities Fund does not concentrate on any sector, stock or theme. It follows a growth style of investment. Also, the fund is a good performer in its category.
Mirae Asset India Equity Fund is a ranked 1st in the multi-cap category by Upwardly. Among the large-cap schemes, this fund is one of the most stable and consistently better performing schemes. Furthermore, year-on-year the fund surpassed its benchmark.
Mirae Asset India Equity Fund has beaten its category by 3-5 percentage points in the 3 and 5- year returns. It outperformed the benchmark by 4-6 percentage points. Among its peers, the fund has given better returns than its peers. It is also ranked first in the category of diversified funds (multi-cap).
|Fund||1 Year Return (%)||3 Year Return (%)||5 Year Return (%)|
|Mirae Asset India Equity Fund-Reg||-3.34%||16.21%||19.35%|
|Kotak Standard Multicap||-3.56%||14.99%||19.37%|
|ICICI Prudential Multicap Fund||-3.58%||13.32%||17.32%|
|UTI Equity Fund||-0.52%||11.95%||15.45%|
|Parag Parikh Long Term Equity||-1.79%||12.96%||17.35%|
Mirae Asset India Opportunities Fund has a good returns record for 9 years. A SIP of Rs 5,000 started 5 years ago would’ve given Rs 4.25 lakh by now.
Mirae Asset India Equity Fund’s investment approach is centered around participating in high-quality businesses up to a reasonable price and holding the same over an extended period of time. It has the flexibility to invest across sectors, themes & market caps. Also, Mirae Asset India Opportunities Fund combines the consistency of large-caps with conviction ideas from midcaps. Also, the fund focuses on companies with sustainable competitive advantage.
The current fund portfolio has 80-85% allocation to large-cap stocks. Also, the top five holding sectors constitute 68.01% of the portfolio. These include financials (33.4%), energy (12.05%), technology (8.38%), FMCG (7.54%), and healthcare (6.64%).
It is recommended to invest in Mirae Asset India Equity Fund through SIP. Also, this fund is ideal for medium-term goals to long-term goals. Invest in Mirae Asset India Opportunities Fund to maximize your returns for a foreseeable future. Investors who are looking for stability of large-cap stocks while getting a boost from select midcaps can invest in Mirae Asset India Equity Fund.
|Fund Name||Mirae Asset India Equity Fund|
|Original Fund Name||Mirae Asset India Opportunities Fund|
|Launch Date||April 4th, 2008|
|AUM||Rs 10,036 Cr|
|Return (Returns greater than 1 year are annualized)||Since Launch: 15.57%
1 Year: -3.34%
3 Year: 16.21%
5 year: 19.35%
|Fund Category Risk||Average|
|Minimum Investment Horizon||5+ years|
|Minimum Investment||Rs 5,000|
|Minimum Additional Investment||Rs 1,000|
|Exit Load||1% if withdrawn within 1 year|
|Fund Manager||Neelesh Surana|