Mirae Asset Large Cap Fund vs Nippon India Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Large Cap Fund is a Large Cap fund and Nippon India Value Fund is a Value and Contra fund. In the 3 years to 30-10-2026, Mirae Asset Large Cap Fund (Direct) returned 8.8% a year and Nippon India Value Fund (Direct) returned 11.7% a year. Mirae Asset Large Cap Fund charges 0.76% a year and Nippon India Value Fund 1.26% (Direct plans). Their portfolios overlap 44.8%: they hold 27 of the same securities.
Mirae Asset Large Cap Fund
Large Cap
- 3 year return
- 8.8%
- Expense ratio
- 0.76%
- NAV
- ₹121.46
Nippon India Value Fund
Value and Contra
- 3 year return
- 11.7%
- Expense ratio
- 1.26%
- NAV
- ₹226.85
Which is better, Mirae Asset Large Cap or Nippon India Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Value returned more over 5 years: 11.5% a year against 7.0%.
- Nippon India Value returned more over 3 years: 11.7% a year against 8.8%.
- Mirae Asset Large Cap costs less: 0.76% a year against 1.26% (Direct plans).
- Mirae Asset Large Cap swung less over 3 years: a standard deviation of 13.2% a year against 15.2%.
- Mirae Asset Large Cap fell less in its worst fall since 02-01-2013: −37.4% against −38.6%.
- Mirae Asset Large Cap holds more in large companies: 85.8% of the fund in large caps against 56.6%.
- Mirae Asset Large Cap is the larger fund: ₹35,594 Cr against ₹8,479 Cr.
- Their portfolios overlap 44.8%: 27 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Mirae Asset Large Cap Fund | Nippon India Value Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Nippon India Mutual Fund |
| Category | Large Cap | Value and Contra |
| AUM | ₹35,594 Cr (30-09-2026) | ₹8,479 Cr (30-09-2026) |
| NAV | ₹121.46 (Direct) | ₹226.85 (Direct) |
| Expense ratio (Direct) | 0.76% | 1.26% |
| Expense ratio (Regular) | 1.70% | 1.99% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | Nifty 500 TRI |
| Launch date | 04-04-2008 | 08-06-2005 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Gaurav Misra | Dhrumil Shah FM 1, Meenakshi Dawar FM 2 |
| Exit load | Exit load of 1% if redeemed within 1 year | For units more than 10% of the investments, an exit load of 1% if redeemed within 12 months. |
Mirae Asset Large Cap vs Nippon India Value: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Mirae Asset Large Cap Fund (Direct) | +0.47% | −5.55% | −1.50% | −7.81% | +8.78% | +7.00% | +12.11% |
| Nippon India Value Fund (Direct) | −2.97% | −8.85% | −7.67% | −11.61% | +11.65% | +11.46% | +14.20% |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
Category average: the average of the 35 Large Cap funds and the 30 Value and Contra funds, same plan type.
Mirae Asset Large Cap vs Nippon India Value: Year-wise Returns
| Year | Mirae Asset Large CapMirae Asset Large Cap | Nippon India ValueNippon India Value |
|---|---|---|
| 2026to date | −8.94% | −10.89% |
| 2025 | +11.28% | +4.93% |
| 2024 | +13.80% | +23.19% |
| 2023 | +19.65% | +43.41% |
| 2022 | +2.65% | +5.52% |
| 2021 | +29.13% | +40.31% |
Mirae Asset Large Cap vs Nippon India Value: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Mirae Asset Large Cap Fund
Rolling returns
Every 3-year holding period, 2,667 of them, one for each trading day from 04-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Mirae Asset Large Cap Fund (Direct)
Nippon India Value Fund (Direct)
Nifty 100 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mirae Asset Large Cap | 0.4 | 3.1 | 6.8 | 34.6 | 37.0 | 12.9 | 5.1 | 15.7% | 15.5% | −3.4% | 31.4% | 67% |
| Nippon India Value | 2.5 | 4.8 | 7.1 | 19.8 | 21.8 | 25.2 | 18.9 | 17.7% | 18.6% | −6.5% | 36.4% | 74% |
| Nifty 100 TRI | 0.9 | 3.7 | 11.1 | 47.2 | 30.7 | 5.1 | 1.3 | 13.6% | 13.8% | −5.0% | 31.4% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 100 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 02-01-2013. Past returns do not promise future returns.
Mirae Asset Large Cap vs Nippon India Value: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mirae Asset Large CapMirae Asset Large Cap Fund (Direct) | ₹16,60,000 | ₹42,87,117 | ₹26,27,117 | 12.8% |
| Nippon India ValueNippon India Value Fund (Direct) | ₹16,60,000 | ₹50,50,708 | ₹33,90,708 | 14.9% |
Mirae Asset Large CapMirae Asset Large Cap Fund (Direct)
Nippon India ValueNippon India Value Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Mirae Asset Large Cap vs Nippon India Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Large Cap Fund (Direct) | Nippon India Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.81% | −11.61% |
| Standard deviation | 14.15% | 14.64% |
| Sharpe ratio | -0.92 | -1.15 |
| Sortino ratio | -1.24 | -1.51 |
| Maximum drawdown | −15.7% (31-03-2026) | −14.4% (31-03-2026) |
| Beta | 1.01 | 1.00 |
| Alpha | +1.03% | −4.29% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Mirae Asset Large Cap Fund (Direct) | Nippon India Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.78% | +11.65% |
| Standard deviation | 13.21% | 15.19% |
| Sharpe ratio | 0.21 | 0.37 |
| Sortino ratio | 0.29 | 0.50 |
| Maximum drawdown | −15.8% (28-02-2025) | −17.6% (03-03-2025) |
| Beta | 0.96 | 1.04 |
| Alpha | −0.17% | +1.27% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Mirae Asset Large Cap Fund (Direct) | Nippon India Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.00% | +11.46% |
| Standard deviation | 13.44% | 14.96% |
| Sharpe ratio | 0.09 | 0.38 |
| Sortino ratio | 0.12 | 0.51 |
| Maximum drawdown | −16.4% (17-06-2022) | −17.6% (20-06-2022) |
| Beta | 0.95 | 1.02 |
| Alpha | −0.15% | +2.59% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Mirae Asset Large Cap Fund (Direct) | Nippon India Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.37% | +14.57% |
| Standard deviation | 15.56% | 16.47% |
| Sharpe ratio | 0.54 | 0.52 |
| Sortino ratio | 0.73 | 0.69 |
| Maximum drawdown | −37.4% (23-03-2020) | −38.6% (23-03-2020) |
| Beta | 0.97 | 1.00 |
| Alpha | +2.61% | +1.78% |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Mirae Asset Large Cap Fund (Direct)
Nippon India Value Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Large Cap Fund (Direct) | −37.4% | 16-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.5% |
| Nippon India Value Fund (Direct) | −38.6% | 23-01-2018 | 23-03-2020 | 11-11-2020 | 8 months | −12.7% |
| Nifty 100 TRI | −37.9% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.1% |
From daily values since 02-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mirae Asset Large Cap Fund (Direct)
Nippon India Value Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mirae Asset Large Cap Fund (Direct)
Nippon India Value Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mirae Asset Large Cap Fund (Direct)
Nippon India Value Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Mirae Asset Large Cap Fund (Direct) | 102% | 89% | 3.10% |
| Nippon India Value Fund (Direct) | 114% | 106% | 6.57% |
From month-end values since 02-01-2013. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Mirae Asset Large Cap vs Nippon India Value: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Large Cap Fund, September 2026; Nippon India Value Fund, September 2026
Holdings in common
- Overlap
- 44.8%
- Held by both
- 27
- Only in Mirae Asset Large Cap
- 47
- Only in Nippon India Value
- 58
| Security | % of Mirae Asset Large Cap | % of Nippon India Value |
|---|---|---|
| HDFC Bank Ltd. | 9.19% | 7.31% |
| Axis Bank Ltd. | 3.76% | 3.81% |
| ICICI Bank Ltd. | 8.59% | 3.36% |
| State Bank of India | 3.08% | 4.37% |
| Reliance Industries Ltd. | 5.14% | 2.69% |
| Bharti Airtel Ltd. | 5.26% | 2.32% |
| Larsen & Toubro Ltd. | 3.46% | 2.03% |
| Bajaj Finance Ltd. | 2.40% | 2.02% |
| Kotak Mahindra Bank Ltd. | 1.89% | 3.27% |
| ITC Ltd. | 1.97% | 1.87% |
| Tata Consultancy Services Ltd. | 2.01% | 1.86% |
| Maruti Suzuki India Ltd. | 2.38% | 1.85% |
| Infosys Ltd. | 3.70% | 1.55% |
| Asian Paints Ltd. | 1.46% | 1.46% |
| NTPC Ltd. | 1.25% | 3.59% |
| Jindal Steel Ltd. | 1.05% | 1.63% |
| Trent Ltd. | 0.88% | 1.06% |
| Vedanta Aluminium Metal Ltd. | 1.40% | 0.78% |
| Varun Beverages Ltd. | 0.95% | 0.71% |
| SBI Life Insurance Co. Ltd. | 0.90% | 0.70% |
| IndusInd Bank Ltd. | 0.67% | 2.69% |
| One 97 Communications Ltd. | 1.69% | 0.52% |
| Swiggy Ltd. | 0.43% | 1.77% |
| Crompton Greaves Consumer Electricals Ltd. | 0.36% | 0.59% |
| JSW Energy Ltd. | 0.92% | 0.29% |
| KPIT Technologies Ltd. | 0.10% | 0.88% |
| PB Fintech Ltd. | 0.00% | 0.16% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 44.8% means 44.8% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Mirae Asset Large Cap Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Ltd. | 2.95% |
| Eternal Ltd. | 2.80% |
| Shriram Finance Ltd. | 1.92% |
| Britannia Industries Ltd. | 1.46% |
| Eicher Motors Ltd. | 1.46% |
Largest holdings only in Nippon India Value Fund
| Security | % of fund |
|---|---|
| Bharat Heavy Electricals Limited | 2.50% |
| Piramal Finance Limited | 2.20% |
| Kaynes Technology India Limited | 2.11% |
| Coal India Limited | 1.91% |
| Torrent Pharmaceuticals Limited | 1.58% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Large Cap | Nippon India Value |
|---|---|---|
| Equity | 99.6% | 96.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.4% | 3.4% |
Market cap of stocks
| Market cap | Mirae Asset Large Cap | Nippon India Value |
|---|---|---|
| Large Cap | 85.8% | 56.6% |
| Mid Cap | 9.7% | 18.6% |
| Small Cap | 3.3% | 20.1% |
| Not on AMFI's list | 0.8% | 1.2% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Mirae Asset Large Cap | Nippon India Value |
|---|---|---|
| Banks | 27.2% | 26.1% |
| Consumer Durables | 2.6% | 7.6% |
| Power | 2.5% | 6.9% |
| Automobiles | 6.8% | 1.9% |
| IT - Software | 6.1% | 6.4% |
| Petroleum Products | 6.3% | 2.7% |
| Finance | 4.7% | 6.0% |
| Telecom - Services | 5.3% | 2.9% |
| Retailing | 5.2% | 2.8% |
| Electrical Equipment | 1.9% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Large Cap vs Nippon India Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Large Cap Fund | Nippon India Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.76% | 1.26% |
| Base expense ratio (Direct) | 0.53% | 0.90% |
| Total expense ratio (Regular) | 1.70% | 1.99% |
| Base expense ratio (Regular) | 1.32% | 1.53% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Mirae Asset Large Cap with
Mirae Asset Large Cap Fund vs Nippon India Value Fund: Frequently Asked Questions
What is the difference between Mirae Asset Large Cap Fund and Nippon India Value Fund?
Mirae Asset Large Cap Fund is a Large Cap fund, Nippon India Value Fund is a Value and Contra fund, run by Mirae Asset Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 44.8%. Mirae Asset Large Cap Fund charges 0.76% a year and Nippon India Value Fund 1.26%.
Which has given higher returns, Mirae Asset Large Cap Fund or Nippon India Value Fund?
Over 1 year: Mirae Asset Large Cap Fund −7.81%, Nippon India Value Fund −11.61%. Over 3 years: Mirae Asset Large Cap Fund +8.78% a year, Nippon India Value Fund +11.65% a year. Over 5 years: Mirae Asset Large Cap Fund +7.00% a year, Nippon India Value Fund +11.46% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mirae Asset Large Cap Fund or Nippon India Value Fund?
Mirae Asset Large Cap Fund charges less: 0.76% a year against 1.26%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Large Cap Fund and Nippon India Value Fund overlap?
44.8%. They hold 27 of the same securities, the largest shared ones being HDFCBANK, AXISBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset Large Cap Fund or Nippon India Value Fund?
On SEBI's riskometer, Mirae Asset Large Cap Fund is rated Very High and Nippon India Value Fund Very High. Over 3 years, the standard deviation of daily returns was 13.21% and 15.19% a year.
Which is better for SIP, Mirae Asset Large Cap Fund or Nippon India Value Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,16,270 in Mirae Asset Large Cap Fund (XIRR 6.3% a year) and ₹7,71,254 in Nippon India Value Fund (XIRR 9.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Mirae Asset Large Cap Fund and Nippon India Value Fund?
Yes. 44.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Mirae Asset Large Cap Fund and Nippon India Value Fund?
Mirae Asset Large Cap Fund: Gaurav Misra. Nippon India Value Fund: Dhrumil Shah FM 1, Meenakshi Dawar FM 2.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.