To generate income and capital appreciation from a diversified portfolio predominantly investing in Indian equities and equity related securities of large cap and midcap companies at the time of investment.
The scheme seeks to provide the investor with the opportunity of long-term capital appreciation by investing in diversified portfolio comprising predominantly large cap and mid cap companies.
Fund Manager
Neelesh Surana, Ankit Jain
Saurabh Pant, Pradeep Kesavan
AMC
Mirae Asset Mutual Fund
SBI Mutual Fund
Taxation
Equity
Equity
Launch Date
31 Dec 2012
31 Dec 2012
Portfolio Overlap
29.4%
Low overlap
common holdings
29.4% of the combined portfolio weight is common between Mirae Asset Large & Midcap Fund Direct-Growth and SBI Large & Midcap Fund Direct Plan-Growth.
20 stocks appear in both portfolios.
The largest shared holding is HDFC Bank Ltd., at 6.69% of Mirae Asset Large & Midcap Fund Direct-Growth and 7.42% of SBI Large & Midcap Fund Direct Plan-Growth.
The two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure.
Largest common holdings
HDFC Bank Ltd.ICICI Bank Ltd.Axis Bank Ltd.State Bank of IndiaReliance Industries Ltd.Bharat Forge Ltd.Gland Pharma Ltd.Delhivery Ltd.
SBI Large & Midcap Fund Direct Plan-Growth has delivered the higher 3-year CAGR (15.69% vs 14.73%). SBI Large & Midcap Fund Direct Plan-Growth is the cheaper of the two with an expense ratio of 0.82% against 0.86%. Mirae Asset Large & Midcap Fund Direct-Growth manages the larger corpus at ₹44.05k 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, SBI Large & Midcap Fund Direct Plan-Growth returned 9.81% against 8.91% for Mirae Asset Large & Midcap Fund Direct-Growth; and over 3 years, SBI Large & Midcap Fund Direct Plan-Growth leads with a 15.69% CAGR versus 14.73%. 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.
SBI Large & Midcap Fund Direct Plan-Growth has the lower expense ratio at 0.82%, compared with 0.86% for Mirae Asset Large & Midcap Fund Direct-Growth — a difference of 0.04% 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 Mirae Asset Large & Midcap Fund Direct-Growth and SBI Large & Midcap Fund Direct Plan-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 29.4%, which is considered low. At this level the two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure. You can see the shared stocks in the overlap section above.
Yes — both are Equity: Large & MidCap 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.
Mirae Asset Large & Midcap Fund Direct-Growth has a NAV of ₹181.61 and an AUM of ₹44.05k Cr, and was launched on 31 Dec 2012. SBI Large & Midcap Fund Direct Plan-Growth has a NAV of ₹726.73 and an AUM of ₹40.85k 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.
