Mirae Asset Large Cap Fund, formerly Mirae Asset India Opportunities Fund, recently completed 15 years of successful operation. Launched on 4th April 2008, the fund started with an initial NFO collection of ₹104 crores and had an AUM of ₹114.39 crores by the end of April 2008. As of April 3rd, 2023, the fund has grown significantly, with a current AUM of ₹32,850 crores and 9,51,079 folios.
Over the past 15 years, Mirae Asset Large Cap Fund has delivered a commendable CAGR of 14.70%, outperforming its benchmark, Nifty 100 TRI. This has been achieved through a predominantly large cap-focused investment approach, with disciplined and patient investing principles.
To illustrate the power of long-term investing, consider this: a monthly SIP of 10,000/- since the fund's inception would have grown to ₹61,57,093/- with a CAGR of 15.01%. Similarly, a lump sum investment of ₹100,000/- in the NFO would have grown to ₹7,82,440/- with a CAGR of 14.70%.
This timeline and vintage of the mutual fund scheme demonstrate that by sticking to the basics of disciplined and patient investing and focusing on India's growth story, equity as an asset class can generate significant long-term wealth. It is crucial to ignore short-term noise, have a long-term perspective, and believe in the potential of the Indian economy and corporate growth.
In conclusion, Mirae Asset Large Cap Fund's journey of 15 years reflects the power of long-term investing and reinforces the importance of staying disciplined, patient, and focused on India's growth story for achieving superior returns and inequity investments.
It's important to remember that mutual funds, like any investment option, carry risks, and it's essential to thoroughly evaluate a fund's prospectus, risk factors, and historical performance before investing. Consulting with a qualified financial advisor can help individuals make informed investment decisions that align with their unique financial goals and risk tolerance.
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