Fund Name: Mirae Asset India Opportunities (G)
Ranked #2 by CRISIL
Category: Large and mid cap
Expense Ratio: 2.69%
Risk Level: Average
Benchmark: S&P BSE 200
Objective: 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.
Mirae asset India opportunities (G) fund has made its inception in the year 2008. Since inception, it has produced annualized returns of 12.98%. It has managed to beat the benchmark index as well as category average consistently in the 1, 3 and 5 year returns.
Top 5 holdings of the fund include Infosys, ICICI bank, ITC, HDFC Bank and Reliance Industries. The fund invests about 66% of assets into large caps, 24.1% in mid caps and the rest in small caps. The fund has stood up in tough times and also been giving consistent returns. It is surely a buy.