Mirae Asset Large & Midcap Fund Returns: Building wealth through mutual funds is a game of discipline and patience. A prime example of the wealth that can be created when these two factors combine has emerged: the Mirae Asset Large & Midcap Fund has successfully completed 16 years in the market.

According to the latest data released by the fund house, investors who maintained a monthly SIP of just ₹10,000 since the fund's inception saw their investment grow to approximately ₹97 lakh by May 31, 2026. Let’s take a look at the full performance report card of this scheme.

₹97 Lakhs Earned on a ₹19 Lakh Investment

Data from Mirae Asset Mutual Fund shows that long-term investment has yielded exceptional returns for investors. Over 16 years, an investor contributing ₹10,000 per month invested a total of ₹19 lakh. By May 31, 2026, this ₹19 lakh investment had grown to ₹96.9 lakh. The fund delivered an impressive XIRR of 18.44% on this SIP investment.

Lump-sum Investors Also Reaped Rich Rewards

Had an investor made a lump-sum investment of just ₹10,000 in the fund's 'Regular Plan-Growth' option on July 9, 2010, that amount would have grown to ₹1,50,690 today. In comparison, if the same amount had been invested in the scheme's benchmark, it would have grown to only ₹76,908.

Outperformed Benchmark and Sensex

Looking at its performance over the last 15 years, the fund has significantly outperformed its benchmark and the index. Over this period, the fund has delivered a Compound Annual Growth Rate (CAGR) of 18.85%. In comparison, the scheme's benchmark, 'Nifty LargeMidcap 250 TRI', delivered a return of 14.60%. Meanwhile, the additional benchmark, 'BSE Sensex TRI', yielded a return of only 11.22% during the same period.

**Managing a Fund of Over ₹42,000 Crore**

This scheme is an open-ended equity plan that primarily invests in Indian large-cap and mid-cap stocks. As of May 31, 2026, the fund manages a massive asset base of ₹42,792.20 crore. The fund's success is driven by its experienced fund manager, Nilesh Surana, who has been associated with it since its inception. Ankit Jain has also been sharing the responsibility as a co-fund manager since January 2019.

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