Fundalysisby DARKHORSESTOCKS

Scheme

Mirae Asset Large Midcap Fund

Holds 82 companies worth ₹42,242 Cr in Sept 2026.

  • Fund house

    MiraeThe fund house that runs this scheme.

  • AUM

    ₹42,834 CrMirae Asset Large Midcap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.5% on Aug 2026, ₹45,811 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 6.4% of this scheme's NAV.

  • Fund manager

    Neelesh SuranaRuns it since 9 Jul 2010, as the fund house dates it. With Ankit Jain (fund manager).

Overview(31 Aug 2026)

Fund managers2

  1. Neelesh SuranaFund manager · Jul 2010 · 35y · MBA B.E.
  2. Ankit JainFund manager · Jan 2019 · 14y · MBA B.Tech

    Key facts

    Benchmark
    Nifty Large Midcap 250 (TRI)
    Risk
    Very High
    Expense
    Regular 1.76% · Direct 0.85%
    Exit load
    1% within 1 year
    Started
    9 Jul 2010
    Minimum
    Lumpsum purchase not allowed

    Source.Its Scheme Summary Document as of 31 Aug 2026 at AMFI.

    What changed(8 changes)

    Jul 2026

    1 change
    1. Expense ratio
      29 JulRegular 1.52% → 1.76%Direct 0.61% → 0.85%

    Mar 2026

    1 change
    1. Expense ratio
      20 MarRegular 1.49% → 1.52%Direct 0.56% → 0.61%

    Jan 2026

    1 change
    1. Expense ratio
      29 JanRegular 1.54% → 1.49%Direct 0.61% → 0.56%

    Source.Its filings at NSE, since Sept 2024.

    Fund managers over time(Jul 2010 – now)

    1. Neelesh Surana
    2. Ankit Jain
    MainCoSlice20112013201520172019202120232025
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Sept 2024 – Aug 2026)

    Every change to the expense ratio, newest first.
    9 changesRegularDirectΔ pt
    29 Jul 20261.76%0.85%0.24
    20 Mar 20261.52%0.61%0.05
    29 Jan 20261.49%0.56%0.05
    21 Apr 20251.54%0.61%0.01
    19 Mar 20251.55%0.62%0.01
    27 Feb 20251.56%0.63%0.04
    17 Jan 20251.53%0.59%0.02
    17 Oct 20241.53%0.61%0.02
    2 Sept 20241.52%0.59%–
    Direct plan, 29 Jul 2026
    0.85%
    Regular plan 1.76% · Exit load 1% within 1 year
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(31 Aug 2026)

    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.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open-ended equity scheme predominantly investing across large cap and mid cap stocks
    Benchmark
    Nifty Large Midcap 250 (TRI)

    Asset allocation it may hold% of NAV

    1. Indian Equities and Equity Related Securities* of Large cap*companies/Entities (top 100 stocks by market capitalization at the time of investment)
      Allowed35–65%
    2. 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)
      Allowed35–65%
    3. Other Indian Equities and Equity Related Securities /Money market instruments and other liquid instruments^/ Units issued by InVITs/Units of Domestic Mutual Fund@
      Allowed0–35%

    Holds in Sept 2026.98.6% equity · 1.4% debt and cash

    How to invest(31 Aug 2026)

    Buying

    To start
    Lumpsum purchase not allowed
    Most
    Lumpsum purchase not allowed
    Systematic
    SIP - Monthly / Quarterly SWP - Monthly / Quarterly / Halfyearly / Yearly STP - Not allowed
    Dates
    SIP - Except 29,30 and 31 all dates SWP - 1, 10, 15, 21 and 28 STP - NA
    Minimum
    ₹500, then in multiples of ₹1
    Instalments
    5
    Most
    ₹25,000

    Selling and switching

    To redeem
    ₹1 or Any Units units

    Scheme details(31 Aug 2026)

    What it is

    Category
    Large & Mid Cap Fund
    Offer
    24 May 2010 to 22 Jun 2010
    Started
    9 Jul 2010
    Reopened
    21 Jul 2010
    Plans
    Direct Plan Growth · Direct Plan IDCW - Payout · Direct PlanIDCW - Reinvestment · Regular PlanIDCW - Payout · Regular PlanIDCW - Reinvestment · Regular Plan Growth
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    Enabled.
    Custodian
    M/s. Deutsche Bank AG, Mumbai
    Auditor
    M/s. Chokshi & Chokshi, Chartered Accountants
    Registrar
    KFIN Technologies Limited
    SEBI code
    MIRA/O/E/LMF/09/11/0005