The scheme seeks to provide capital appreciation from a portfolio that is predominantly consisting equity and equity related securities of the 100 largest corporates by market capitalization listed in India.
The scheme aims to maximize long term capital appreciation by finding investment opportunities resulting from Indian economic growth and its structural shifts through investing in equity and equity related securities.
Fund Manager
Bhavesh Jain, Bharat Lahoti
Gaurav Misra
AMC
Edelweiss Mutual Fund
Mirae Asset Mutual Fund
Taxation
Equity
Equity
Launch Date
31 Dec 2012
31 Dec 2012
Portfolio Overlap
55.6%
Moderate overlap
common holdings
55.6% of the combined portfolio weight is common between Edelweiss Large Cap Fund Direct-Growth and Mirae Asset Large Cap Fund Direct-Growth.
34 stocks appear in both portfolios.
The largest shared holding is HDFC Bank Ltd., at 7.40% of Edelweiss Large Cap Fund Direct-Growth and 9.43% of Mirae Asset Large Cap Fund Direct-Growth.
The funds share a meaningful part of their portfolios but still differ enough to add some diversification.
Largest common holdings
HDFC Bank Ltd.ICICI Bank Ltd.Reliance Industries Ltd.Bharti Airtel Ltd.Larsen & Toubro Ltd.Axis Bank Ltd.State Bank of IndiaMahindra & Mahindra Ltd.
Edelweiss Large Cap Fund Direct-Growth has delivered the higher 3-year CAGR (12.14% vs 10.75%). Mirae Asset Large Cap Fund Direct-Growth is the cheaper of the two with an expense ratio of 0.75% against 0.96%. Mirae Asset Large Cap Fund Direct-Growth manages the larger corpus at ₹38.38k Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, Edelweiss Large Cap Fund Direct-Growth returned 4.31% against 3.33% for Mirae Asset Large Cap Fund Direct-Growth; and over 3 years, Edelweiss Large Cap Fund Direct-Growth leads with a 12.14% CAGR versus 10.75%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
Mirae Asset Large Cap Fund Direct-Growth has the lower expense ratio at 0.75%, compared with 0.96% for Edelweiss Large Cap Fund Direct-Growth — a difference of 0.21% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both Edelweiss Large Cap Fund Direct-Growth and Mirae Asset Large Cap Fund Direct-Growth carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 55.6%, which is considered moderate. At this level the funds share a meaningful part of their portfolios but still differ enough to add some diversification. You can see the shared stocks in the overlap section above.
Yes — both are Equity: Large Cap funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
Edelweiss Large Cap Fund Direct-Growth has a NAV of ₹98.85 and an AUM of ₹1.43k Cr, and was launched on 31 Dec 2012. Mirae Asset Large Cap Fund Direct-Growth has a NAV of ₹130.35 and an AUM of ₹38.38k Cr, launched on 31 Dec 2012. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
