Mirae Asset Multicap Fund Direct Growth performance review analysis for January: Mirae Asset Multicap Fund Direct Growth, managed by the seasoned fund managers Ankit Jain, remains a prominent player in the Multi-Cap. Mirae Asset Multicap Fund boasts an impressive AUM of ₹3437.28 crore. Under the guidance of Ankit Jain, the fund adheres to its objective of the investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of large cap, mid cap and small cap companies. However, there is no assurance that the investment objective of the Scheme will be realized. This detailed review of Mirae Asset Multicap Fund evaluates its recent performance, comparing it to the NIFTY 500 index, and analyzes key metrics such as sharpe ratio and sectoral allocation. The fund's strategy, top holdings, and recent portfolio moves are explored to provide insights for existing and potential investors.
Performance Analysis:
Over the past week, Mirae Asset Multicap Fund returned -3.32%, showing a negative delta of -1.81% with respect to NIFTY 500. The one-month performance shows a negative trend, with the fund delivering -7.83% against the NIFTY 500’s -7.02%.
The performance over the longer durations is mentioned below:
Period | Mutual Fund Returns | NIFTY 500 Performance | Performance Difference |
---|---|---|---|
6 Months | -5.14% | -6.43% | 1.29% |
1 Year | 10.48% | 9.51% | 0.97% |
3 Years | 0.00% | 37.58% | -37.58% |
5 Years | 0.00% | 114.76% | -114.76% |
Below is the list of top holdings in the fund:
Holding Name | Percentage of Portfolio |
---|---|
HDFC Bank | 4.39% |
Axis Bank | 4.04% |
State Bank Of India | 2.83% |
Larsen & Toubro | 2.17% |
ICICI Bank | 1.91% |
Sector Name | Weightage (%) |
---|---|
Regional Banks | 17.72% |
Biotechnology & Drugs | 7.04% |
Software & Programming | 6.73% |
Construction Services | 4.89% |
Consumer Financial Services | 4.81% |
Business Services | 4.3% |
Appliance & Tool | 2.49% |
Computer Services | 2.41% |
Metal Mining | 2.35% |
Investment Services | 2.27% |
Healthcare Facilities | 2.12% |
Chemical Manufacturing | 1.99% |
Auto & Truck Manufacturers | 1.94% |
Tires | 1.88% |
Electric Utilities | 1.85% |
Footwear | 1.82% |
Communications Services | 1.58% |
Oil & Gas Operations | 1.48% |
Tobacco | 1.41% |
Iron & Steel | 1.25% |
Aerospace & Defense | 1.22% |
Retail (Grocery) | 1.17% |
Textiles - Non Apparel | 1.13% |
Personal & Household Prods. | 1.08% |
Insurance (Life) | 1.04% |
Real Estate Operations | 1.0% |
Natural Gas Utilities | 0.99% |
Oil & Gas - Integrated | 0.99% |
Retail (Catalog & Mail Order) | 0.99% |
Auto & Truck Parts | 0.93% |
Electronic Instr. & Controls | 0.92% |
Misc. Fabricated Products | 0.91% |
Constr. - Supplies & Fixtures | 0.89% |
Misc. Transportation | 0.89% |
Construction - Raw Materials | 0.85% |
Airline | 0.85% |
Major Drugs | 0.7% |
Coal | 0.67% |
Chemicals - Plastics & Rubber | 0.42% |
Fabricated Plastic & Rubber | 0.27% |
Understanding the risk associated with the fund is crucial for investors. The Sharpe Ratio, which measures risk-adjusted returns, is a key indicator of how well the fund compensates investors for the risk taken. Over the past year, the fund's Sharpe Ratio stands at 0.94, while the three-year and five-year ratios are 0.00 and 0.00, respectively. Sharpe ratio values above 1 are considered good, whereas values below 1 are considered bad.
In terms of volatility, the standard deviation over the same periods— 11.98% for one year, 0.00% for three years, and 0.00% for five years. Higher standard deviations indicate greater volatility, while lower ones suggest more stable returns.
In the last month, the fund acquired new positions in the following stocks:
Stock Name | Holding (%) | No of shares | Holding Value (in Cr) |
---|---|---|---|
Avenue Supermarts | 1.17% | 113203 | 40.33 |
Sai Life Sciences | 1.04% | 480143 | 36.07 |
Bharat Forge | 0.91% | 241635 | 31.41 |
Acme Solar Holdings | 0.63% | 925951 | 21.83 |
Syngene International | 0.45% | 182427 | 15.67 |
The fund has increased its position in the following stocks:
Stock Name | No of shares (Before purchase) | No of shares (After purchase) | Holding Value (in Cr) |
---|---|---|---|
Axis Bank | 1387308.0 | 1312687.0 | 139.77 |
Tata Power | 1932771.0 | 1629959.0 | 63.96 |
Reliance Industries | 487266.0 | 422301.0 | 51.33 |
ITC | 1553794.0 | 1011273.0 | 48.92 |
LIC Housing Finance | 871230.0 | 647194.0 | 38.71 |
Bharat Petroleum Corporation | 1343372.0 | 1174053.0 | 34.34 |
SRF | 157544.0 | 149988.0 | 33.57 |
Narayana Hrudayalaya | 294832.0 | 262829.0 | 33.46 |
National Aluminium Company | 1657031.0 | 1507031.0 | 31.91 |
Federal Bank | 2076286.0 | 1577307.0 | 31.55 |
Adani Ports & Special Economic Zone | 283938.0 | 250756.0 | 30.88 |
Bata India | 222537.0 | 206647.0 | 28.42 |
Honasa Consumer | 1164864.0 | 976042.0 | 24.91 |
Ganesha Ecosphere | 93448.0 | 71763.0 | 14.48 |
The fund has reduced its holding in the following stocks:
Stock Name | No of shares (Before reduction) | No of shares (After reduction) | Holding Value (in Cr) |
---|---|---|---|
Larsen & Toubro | 264317.0 | 207682.0 | 74.93 |
Wipro | 2257356.0 | 2125513.0 | 64.16 |
Kotak Mahindra Bank | 326581.0 | 276309.0 | 49.36 |
Tata Motors | 673899.0 | 624794.0 | 46.25 |
Tata Steel | 4075770.0 | 3125576.0 | 43.15 |
Vijaya Diagnostic Centre | 398567.0 | 376567.0 | 39.80 |
Oracle Financial Services Softwa | 33952.0 | 29656.0 | 37.93 |
Afcons Infrastructure | 669265.0 | 640939.0 | 34.96 |
Interglobe Aviation | 79853.0 | 64375.0 | 29.32 |
Interarch Building Products | 170095.0 | 165777.0 | 29.19 |
HCL Technologies | 175302.0 | 138338.0 | 26.53 |
Equitas Small Finance Bank | 4602996.0 | 4141054.0 | 26.52 |
Coal India | 940452.0 | 606555.0 | 23.31 |
P N Gadgil Jewellers | 454027.0 | 349970.0 | 23.29 |
Cartrade Tech | 162490.0 | 129742.0 | 19.28 |
Avalon Technologies | 256535.0 | 194136.0 | 18.72 |
Birlasoft | 444761.0 | 292213.0 | 16.38 |
Disclaimer: This is an AI-generated live story and has not been edited by LiveMint staff.
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