Mirae Asset Large Cap Fund vs TRUSTMF Arbitrage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Large Cap Fund is a Large Cap fund and TRUSTMF Arbitrage Fund is an Arbitrage fund. In the year to 30-10-2026, Mirae Asset Large Cap Fund (Direct) returned −7.8% and TRUSTMF Arbitrage Fund (Direct) returned 6.5%. Mirae Asset Large Cap Fund charges 0.76% a year and TRUSTMF Arbitrage Fund 1.42% (Direct plans). Their portfolios overlap 39.7%: they hold 29 of the same securities.
Mirae Asset Large Cap Fund
Large Cap
- 1 year return
- −7.8%
- Expense ratio
- 0.76%
- NAV
- ₹121.46
TRUSTMF Arbitrage Fund
Arbitrage
- 1 year return
- 6.5%
- Expense ratio
- 1.42%
- NAV
- ₹10.76
Which is better, Mirae Asset Large Cap or TRUSTMF Arbitrage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- TRUSTMF Arbitrage returned more over 1 year: 6.5% against −7.8%.
- Mirae Asset Large Cap costs less: 0.76% a year against 1.42% (Direct plans).
- TRUSTMF Arbitrage fell less in its worst fall since 01-09-2025: −0.4% against −15.7%.
- Mirae Asset Large Cap holds more in large companies: 85.8% of the fund in large caps against 61.3%.
- Mirae Asset Large Cap is the larger fund: ₹35,594 Cr against ₹138 Cr.
- Their portfolios overlap 39.7%: 29 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 | TRUSTMF Arbitrage Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Trust Mutual Fund |
| Category | Large Cap | Arbitrage |
| AUM | ₹35,594 Cr (30-09-2026) | ₹138 Cr (30-09-2026) |
| NAV | ₹121.46 (Direct) | ₹10.76 (Direct) |
| Expense ratio (Direct) | 0.76% | 1.42% |
| Expense ratio (Regular) | 1.70% | 2.19% |
| Riskometer | Very High | Low |
| Benchmark | Nifty 100 TRI | Nifty 50 Arbitrage Index |
| Launch date | 04-04-2008 | 28-08-2025 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Gaurav Misra | Mihir Vora, Sachin Parekh |
| Exit load | Exit load of 1% if redeemed within 1 year | 0.25% If redeemed / switched out within 7 days from the date of allotment. Nil - if redeemed/switched out after 7 days from the date of allotment. |
Mirae Asset Large Cap vs TRUSTMF Arbitrage: 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% |
| TRUSTMF Arbitrage Fund (Direct) | +0.56% | +1.52% | +3.18% | +6.53% | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
| Arbitrage average | +0.56% | +1.52% | +3.20% | +6.62% | -- | -- | -- |
Category average: the average of the 35 Large Cap funds and the 39 Arbitrage funds, same plan type.
Mirae Asset Large Cap vs TRUSTMF Arbitrage: Year-wise Returns
| Year | Mirae Asset Large CapMirae Asset Large Cap | TRUSTMF ArbitrageTRUSTMF Arbitrage |
|---|---|---|
| 2026to date | −8.94% | +5.30% |
| 2025 | +11.28% | -- |
| 2024 | +13.80% | -- |
| 2023 | +19.65% | -- |
| 2022 | +2.65% | -- |
| 2021 | +29.13% | -- |
Mirae Asset Large Cap vs TRUSTMF Arbitrage: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Mirae Asset Large Cap Fund
Rolling returns
Every 1-year holding period, 39 of them, one for each trading day from 01-09-2026 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)
TRUSTMF Arbitrage Fund (Direct)
Nifty 100 TRI
to
Sept 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026
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 | 92.3 | 7.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −4.5% | −4.4% | −9.4% | 1.1% | 100% |
| TRUSTMF Arbitrage | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.5% | 6.5% | 6.2% | 6.7% | 100% |
| Nifty 100 TRI | 94.9 | 5.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −5.5% | −5.2% | −10.5% | 0.7% | -- |
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 01-09-2025. Past returns do not promise future returns.
Mirae Asset Large Cap vs TRUSTMF Arbitrage: 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 01-09-2025 to 30-10-2026: 14 instalments, ₹1,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mirae Asset Large CapMirae Asset Large Cap Fund (Direct) | ₹1,40,000 | ₹1,34,552 | −₹5,448 | −6.2% |
| TRUSTMF ArbitrageTRUSTMF Arbitrage Fund (Direct) | ₹1,40,000 | ₹1,45,491 | ₹5,491 | 6.4% |
Mirae Asset Large CapMirae Asset Large Cap Fund (Direct)
TRUSTMF ArbitrageTRUSTMF Arbitrage 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 TRUSTMF Arbitrage: 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) | TRUSTMF Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.81% | +6.53% |
| Standard deviation | 14.15% | 1.41% |
| Sharpe ratio | -0.92 | 0.91 |
| Sortino ratio | -1.24 | 1.37 |
| Maximum drawdown | −15.7% (31-03-2026) | −0.4% (17-08-2026) |
| Beta | 1.01 | -- |
| Alpha | +1.03% | -- |
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) | TRUSTMF Arbitrage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.37% | +6.47% |
| Standard deviation | 15.56% | 1.33% |
| Sharpe ratio | 0.54 | 0.89 |
| Sortino ratio | 0.73 | 1.34 |
| Maximum drawdown | −37.4% (23-03-2020) | −0.4% (17-08-2026) |
| Beta | 0.97 | -- |
| Alpha | +2.61% | -- |
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)
TRUSTMF Arbitrage 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) | −15.7% | 02-01-2026 | 31-03-2026 | Not yet | -- | −9.5% |
| TRUSTMF Arbitrage Fund (Direct) | −0.4% | 03-08-2026 | 17-08-2026 | 24-08-2026 | 7 days | −0.1% |
| Nifty 100 TRI | −14.9% | 02-01-2026 | 30-03-2026 | Not yet | -- | −10.1% |
From daily values since 01-09-2025, 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)
TRUSTMF Arbitrage Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Mirae Asset Large Cap Fund (Direct) | 103% | 100% | 1.73% |
| TRUSTMF Arbitrage Fund (Direct) | 20% | -13% | 17.05% |
From month-end values since 01-09-2025. 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 TRUSTMF Arbitrage: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Large Cap Fund, September 2026; TRUSTMF Arbitrage Fund, September 2026
Holdings in common
- Overlap
- 39.7%
- Held by both
- 29
- Only in Mirae Asset Large Cap
- 45
- Only in TRUSTMF Arbitrage
- 28
| Security | % of Mirae Asset Large Cap | % of TRUSTMF Arbitrage |
|---|---|---|
| ICICI Bank Ltd. | 8.59% | 4.09% |
| HDFC Bank Ltd. | 9.19% | 4.08% |
| Reliance Industries Ltd. | 5.14% | 3.83% |
| Axis Bank Ltd. | 3.76% | 5.61% |
| Bharti Airtel Ltd. | 5.26% | 3.15% |
| Bajaj Finance Ltd. | 2.40% | 2.61% |
| Maruti Suzuki India Ltd. | 2.38% | 3.95% |
| Larsen & Toubro Ltd. | 3.46% | 2.20% |
| State Bank of India | 3.08% | 1.51% |
| Tata Steel Ltd. | 1.44% | 2.28% |
| Apollo Hospitals Enterprise Ltd. | 1.26% | 1.33% |
| ITC Ltd. | 1.97% | 1.25% |
| Mahindra & Mahindra Ltd. | 2.95% | 1.07% |
| Ambuja Cements Ltd. | 0.87% | 0.91% |
| Kotak Mahindra Bank Ltd. | 1.89% | 0.85% |
| The Indian Hotels Company Ltd. | 0.85% | 0.95% |
| Eicher Motors Ltd. | 1.46% | 0.62% |
| Varun Beverages Ltd. | 0.95% | 0.60% |
| IndusInd Bank Ltd. | 0.67% | 0.55% |
| Titan Company Ltd. | 0.80% | 0.47% |
| HDFC Life Insurance Company Ltd. | 1.19% | 0.46% |
| Interglobe Aviation Ltd. | 0.49% | 0.38% |
| Crompton Greaves Consumer Electricals Ltd. | 0.36% | 0.52% |
| Asian Paints Ltd. | 1.46% | 0.35% |
| Sun Pharmaceutical Industries Ltd. | 1.42% | 0.23% |
| Power Finance Corporation Ltd. | 0.37% | 0.21% |
| Indian Energy Exchange Ltd. | 0.21% | 1.49% |
| Adani Ports and Special Economic Zone Ltd. | 0.79% | 0.12% |
| Eternal Ltd. | 2.80% | 0.11% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.7% means 39.7% 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 |
|---|---|
| Infosys Ltd. | 3.70% |
| Tata Consultancy Services Ltd. | 2.01% |
| Shriram Finance Ltd. | 1.92% |
| One 97 Communications Ltd. | 1.69% |
| Britannia Industries Ltd. | 1.46% |
Largest holdings only in TRUSTMF Arbitrage Fund
| Security | % of fund |
|---|---|
| TRUSTMF Liquid Fund-Direct Plan-Growth | 18.59% |
| Canara Bank | 6.38% |
| Kalyan Jewellers India Limited | 2.93% |
| Vodafone Idea Limited | 2.55% |
| Indus Towers Limited | 2.53% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Large Cap | TRUSTMF Arbitrage |
|---|---|---|
| Equity | 99.6% | 77.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.4% | 23.0% |
Market cap of stocks
| Market cap | Mirae Asset Large Cap | TRUSTMF Arbitrage |
|---|---|---|
| Large Cap | 85.8% | 61.3% |
| Mid Cap | 9.7% | 10.7% |
| Small Cap | 3.3% | 5.0% |
| Not on AMFI's list | 0.8% | 0.0% |
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 | TRUSTMF Arbitrage |
|---|---|---|
| Banks | 27.2% | 29.5% |
| Telecom - Services | 5.3% | 8.2% |
| Automobiles | 6.8% | 5.6% |
| Petroleum Products | 6.3% | 3.9% |
| IT - Software | 6.1% | 0.0% |
| Retailing | 5.2% | 0.6% |
| Finance | 4.7% | 4.5% |
| Consumer Durables | 2.6% | 4.3% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Large Cap vs TRUSTMF Arbitrage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Large Cap Fund | TRUSTMF Arbitrage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.76% | 1.42% |
| Base expense ratio (Direct) | 0.53% | 0.17% |
| Total expense ratio (Regular) | 1.70% | 2.19% |
| Base expense ratio (Regular) | 1.32% | 0.85% |
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 TRUSTMF Arbitrage Fund: Frequently Asked Questions
What is the difference between Mirae Asset Large Cap Fund and TRUSTMF Arbitrage Fund?
Mirae Asset Large Cap Fund is a Large Cap fund, TRUSTMF Arbitrage Fund is an Arbitrage fund, run by Mirae Asset Mutual Fund and Trust Mutual Fund. Their portfolios overlap 39.7%. Mirae Asset Large Cap Fund charges 0.76% a year and TRUSTMF Arbitrage Fund 1.42%.
Which has given higher returns, Mirae Asset Large Cap Fund or TRUSTMF Arbitrage Fund?
Over 1 year: Mirae Asset Large Cap Fund −7.81%, TRUSTMF Arbitrage Fund +6.53%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mirae Asset Large Cap Fund or TRUSTMF Arbitrage Fund?
Mirae Asset Large Cap Fund charges less: 0.76% a year against 1.42%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Large Cap Fund and TRUSTMF Arbitrage Fund overlap?
39.7%. They hold 29 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset Large Cap Fund or TRUSTMF Arbitrage Fund?
On SEBI's riskometer, Mirae Asset Large Cap Fund is rated Very High and TRUSTMF Arbitrage Fund Low. Over 1 years, the standard deviation of daily returns was 14.15% and 1.41% a year.
Can I invest in both Mirae Asset Large Cap Fund and TRUSTMF Arbitrage Fund?
Yes. 39.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Mirae Asset Large Cap Fund and TRUSTMF Arbitrage Fund?
Mirae Asset Large Cap Fund: Gaurav Misra. TRUSTMF Arbitrage Fund: Mihir Vora, Sachin Parekh.
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.