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.
The scheme seeks to generate long term capital appreciation by investing predominantly into equity and equity related instruments of large cap companies.
60.7% of the combined portfolio weight is common between Mirae Asset Large Cap Fund Direct-Growth and Nippon India Large Cap Fund Direct-Growth.
34 stocks appear in both portfolios.
The largest shared holding is HDFC Bank Ltd., at 9.43% of Mirae Asset Large Cap Fund Direct-Growth and 9.91% of Nippon India Large Cap Fund Direct-Growth.
At this level most of your money rides on the same stocks through two schemes, so holding both adds little extra diversification.
Largest common holdings
HDFC Bank Ltd.ICICI Bank Ltd.Reliance Industries Ltd.Axis Bank Ltd.Larsen & Toubro Ltd.Infosys Ltd.Bajaj Finance Ltd.State Bank of India
Nippon India Large Cap Fund Direct-Growth has delivered the higher 3-year CAGR (13.69% vs 10.75%). Mirae Asset Large Cap Fund Direct-Growth is the cheaper of the two with an expense ratio of 0.75% against 0.87%. Nippon India Large Cap Fund Direct-Growth manages the larger corpus at ₹53.23k 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, Mirae Asset Large Cap Fund Direct-Growth returned 3.33% against 2.71% for Nippon India Large Cap Fund Direct-Growth; and over 3 years, Nippon India Large Cap Fund Direct-Growth leads with a 13.69% 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 0.87% for Nippon India Large Cap Fund Direct-Growth — a difference of 0.12% 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 Cap Fund Direct-Growth and Nippon India 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 60.7%, which is considered high. At this level, most of your money would be riding on the same set of stocks through two schemes, so holding both adds little extra 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.
Mirae Asset Large Cap Fund Direct-Growth has a NAV of ₹130.35 and an AUM of ₹38.38k Cr, and was launched on 31 Dec 2012. Nippon India Large Cap Fund Direct-Growth has a NAV of ₹102.99 and an AUM of ₹53.23k 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.
