look news india
Creating huge wealth from the stock market through mutual funds is completely a game of discipline and patience. This is a living and shining example of the magical returns the power of compounding can deliver when an investor continues investing uninterrupted for a long period of time. A dynamic scheme of Mirae Asset Mutual Fund has completed 16 successful years in the market.
According to the latest and certified data released by the fund house, the fund of prudent investors who had continued SIP of just Rs 10,000 every month since the inception of this fund has increased to approximately Rs 97 lakh by May 31, 2026. Let us understand in detail the complete report card of returns of this scheme which is making investors rich.
Total investment of ₹19 lakh and received full ₹97 lakh
According to official data of Mirae Asset Large & Midcap Fund, long term investments have delivered stellar returns to investors. In the last 16 years, an investor deposited a total of ₹19 lakh by SIP of ₹10,000 per month. By May 31, 2026, this investment of ₹19 lakh has grown into a huge fund of ₹96.9 lakh (about Rs 97 lakh). The fund has delivered a very strong XIRR (Extended Internal Rate of Return) of 18.44% on this SIP investment, which is much higher than traditional investment options.
Lumpsum investors also became rich
Not only SIP, but the people who had invested lump sum money in this scheme have also become rich. If an investor had invested a lump sum of just ₹10,000 in the ‘Regular Plan-Growth’ option of this fund on July 9, 2010, that amount would have grown more than 15 times to ₹1,50,690 today. In comparison, if the same money had been invested in the scheme’s main benchmark, it would have made only ₹76,908, meaning the fund made double the profit of its benchmark.
Beat benchmark and Sensex badly
Looking at the historical performance of the last 15 years, this fund has significantly outperformed its benchmark and main index. In the last 15 years, this fund has given a Compound Annual Growth Rate (CAGR) of 18.85%. In comparison, the scheme’s official benchmark ‘Nifty LargeMidcap 250 TRI’ gave returns of only 14.60% in the same period. At the same time, if we talk about the country’s most prominent additional benchmark ‘BSE Sensex TRI’, it could give only 11.22% return during this period, which is much less as compared to Mirae Asset.
Fund management and expert team of more than ₹42,000 crore
This superhit scheme is an open-ended equity scheme, which mainly invests money in the best stocks of large-cap (big companies) and mid-cap (medium companies) of the Indian stock market. The fund is managing a huge asset base (AUM) of ₹42,792.20 crore as on May 31, 2026. The brain behind the historic success of this fund is its experienced fund manager Nilesh Surana, who has been associated with it since its inception. Since January 2019, Ankit Jain is also managing this fund along with him as co-fund manager.
Investors Note: Although the past track record of this fund has been exceptional, the fund house has clarified that the scheme does not promise any kind of guaranteed returns in the future. Investing in equity mutual funds is completely subject to market risks, so always take the help of your financial advisor before making any new investment.