Mirae Asset Flexi Cap Fund

Mirae Asset Mutual FundEquityPortfolio as of 31 July 2026

Mirae Asset Flexi Cap Fund holds 86 instruments (98.56% equity), led by ICICI Bank Limited (5.81%), HDFC Bank Limited (5.64%) and Reliance Industries Limited (4.16%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

Equity Allocation

98.56%

AMC

Mirae Asset Mutual Fund

Portfolio Analysis

Mirae Asset Flexi Cap Fund's top 10 holdings account for 30.45% of its portfolio, more diversified than the Equity category average of 37.5%. Financial Services is its largest sector exposure at 32.73% of net assets, spread across 13 sectors in total. Since its 30 June 2026 disclosure, the fund added 5 new positions and exited 9 positions, with Tata Consultancy Services Limited seeing the largest move (+0.52pp to 1.66%).

Top 10 Equity Holdings

ICICI Bank Limited · 5.81%HDFC Bank Limited · 5.64%Reliance Industries Limited · 4.16%State Bank of India · 2.6%Bharti Airtel Limited · 2.34%Axis Bank Limited · 2.28%Larsen & Toubro Limited · 2.04%Infosys Limited · 1.94%Mahindra & Mahindra Limited · 1.92%Divi's Laboratories Limited · 1.72%

What Changed: June 2026 → July 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

5 new entries9 exits10 increased10 reduced

New Entries

NLC India Limited · 1.03%Engineers India Limited · 0.97%TATA CONSUMER PRODUCTS LIMITED · 0.52%KUSUMGAR LTD · 0.45%INDO-MIM LTD · 0.29%

Complete Exits

NTPC Limited · was 0.96%Capillary Technologies India Limited · was 0.81%The Federal Bank Limited · was 0.71%Tata Communications Limited · was 0.67%Havells India Limited · was 0.6%LTM Limited · was 0.42%Go Digit General Insurance Limited · was 0.31%Brigade Enterprises Limited · was 0.26%Vedanta Oil and Gas Limited · was 0.05%

Biggest Weight Increases

Stock	Weight	Change
Tata Consultancy Services Limited	1.14% → 1.66%	▲ +0.52
Tech Mahindra Limited	0.84% → 1.29%	▲ +0.45
ICICI Prudential Asset Management Company Limited	1.02% → 1.46%	▲ +0.44
Infosys Limited	1.53% → 1.94%	▲ +0.41
Lupin Limited	1.41% → 1.69%	▲ +0.28
Britannia Industries Limited	0.78% → 1.05%	▲ +0.27
Divi's Laboratories Limited	1.45% → 1.72%	▲ +0.27
Mankind Pharma Limited	1.19% → 1.45%	▲ +0.26
TVS Motor Company Limited	1.27% → 1.53%	▲ +0.26
BSE Limited	1.17% → 1.37%	▲ +0.2

Biggest Weight Reductions

Stock	Weight	Change
Pidilite Industries Limited	0.66% → 0.17%	▼ -0.49
HDFC Bank Limited	6.1% → 5.64%	▼ -0.46
Billionbrains Garage Ventures Limited	1.53% → 1.3%	▼ -0.23
JK Cement Limited	0.86% → 0.65%	▼ -0.21
CG Power and Industrial Solutions Limited	1.7% → 1.49%	▼ -0.21
Larsen & Toubro Limited	2.21% → 2.04%	▼ -0.17
Dr. Reddy's Laboratories Limited	0.98% → 0.81%	▼ -0.17
Wakefit Innovations Limited	0.23% → 0.07%	▼ -0.16
Adani Ports and Special Economic Zone Limited	1.51% → 1.37%	▼ -0.14
JSW Energy Limited	1.39% → 1.28%	▼ -0.11

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).

ICICI Bank Limited

5.81%

HDFC Bank Limited

5.64%

Reliance Industries Limited

4.16%

State Bank of India

2.6%

Bharti Airtel Limited

2.34%

Full Portfolio (86 holdings)

#	Holding	Sector	% to NAV
1	ICICI Bank Limited	Financial Services	5.81%
2	HDFC Bank Limited	Financial Services	5.64%
3	Reliance Industries Limited	Energy	4.16%
4	State Bank of India	Financial Services	2.6%
5	Bharti Airtel Limited	Telecommunication	2.34%
6	Axis Bank Limited	Financial Services	2.28%
7	Larsen & Toubro Limited	Industrials	2.04%
8	Infosys Limited	Information Technology	1.94%
9	Mahindra & Mahindra Limited	Consumer Discretionary	1.92%
10	Divi's Laboratories Limited	Healthcare	1.72%
11	Welspun Corp Limited	Industrials	1.71%
12	L&T Finance Limited	Financial Services	1.7%
13	Lupin Limited	Healthcare	1.69%
14	Tata Consultancy Services Limited	Information Technology	1.66%
15	TREPStreps	—	1.61%
16	TVS Motor Company Limited	Consumer Discretionary	1.53%
17	Lenskart Solutions Limited	Consumer Discretionary	1.53%
18	SBI Life Insurance Company Limited	Financial Services	1.52%
19	CG Power and Industrial Solutions Limited	Industrials	1.49%
20	ICICI Prudential Asset Management Company Limited	Financial Services	1.46%
21	Mankind Pharma Limited	Healthcare	1.45%
22	The Phoenix Mills Limited	Real Estate	1.44%
23	Indus Towers Limited	Telecommunication	1.41%
24	Adani Ports and Special Economic Zone Limited	Services	1.37%
25	BSE Limited	Financial Services	1.37%
26	Billionbrains Garage Ventures Limited	Financial Services	1.3%
27	Bajaj Finance Limited	Financial Services	1.3%
28	Tech Mahindra Limited	Information Technology	1.29%
29	Cummins India Limited	Industrials	1.28%
30	JSW Energy Limited	Utilities	1.28%
31	Multi Commodity Exchange of India Limited	Financial Services	1.25%
32	UltraTech Cement Limited	Materials	1.22%
33	Trent Limited	Consumer Discretionary	1.12%
34	Titan Company Limited	Consumer Discretionary	1.09%
35	ETERNAL LIMITED	Consumer Discretionary	1.08%
36	Anthem Biosciences Limited	Healthcare	1.07%
37	Narayana Hrudayalaya Ltd.	Healthcare	1.07%
38	Inventurus Knowledge Solutions Limited	Information Technology	1.05%
39	Britannia Industries Limited	Consumer Staples	1.05%
40	Hindustan Aeronautics Limited	Industrials	1.04%
41	NLC India Limited	Utilities	1.03%
42	Canara HSBC Life Insurance Company Limited	Financial Services	1.03%
43	Engineers India Limited	Industrials	0.97%
44	Maruti Suzuki India Limited	Consumer Discretionary	0.97%
45	Bharat Electronics Limited	Industrials	0.95%
46	Central Depository Services (India) Limited	Financial Services	0.94%
47	Cholamandalam Financial Holdings Limited	Financial Services	0.92%
48	ITC Limited	Consumer Staples	0.92%
49	Krishna Institute of Medical Sciences Limited	Healthcare	0.92%
50	Bharat Petroleum Corporation Limited	Energy	0.91%
51	Sundaram Finance Limited	Financial Services	0.88%
52	LG Electronics India Limited	Consumer Discretionary	0.87%
53	Schaeffler India Limited	Consumer Discretionary	0.86%
54	DLF Limited	Real Estate	0.83%
55	Dr. Reddy's Laboratories Limited	Healthcare	0.81%
56	Vedanta Aluminium Metal Limited	Diversified	0.79%
57	Vedanta Limited	Materials	0.79%
58	Shriram Finance Limited	Financial Services	0.77%
59	Motherson Sumi Wiring India Limited	Consumer Discretionary	0.75%
60	Sai Life Sciences Limited	Healthcare	0.74%
61	Kotak Mahindra Bank Limited	Financial Services	0.67%
62	JK Cement Limited	Materials	0.65%
63	Sun Pharmaceutical Industries Limited	Healthcare	0.65%
64	Oil & Natural Gas Corporation Limited	Energy	0.64%
65	The Indian Hotels Company Limited	Consumer Discretionary	0.62%
66	SRF Limited	Materials	0.6%
67	JINDAL STEEL LIMITED	Materials	0.58%
68	Can Fin Homes Limited	Financial Services	0.57%
69	Steel Authority of India Limited	Materials	0.56%
70	TATA CONSUMER PRODUCTS LIMITED	Consumer Staples	0.52%
71	Solar Industries India Limited	Materials	0.48%
72	Hero MotoCorp Limited	Consumer Discretionary	0.48%
73	Safari Industries (India) Limited	Consumer Discretionary	0.47%
74	InterGlobe Aviation Limited	Services	0.46%
75	Cera Sanitaryware Limited	Consumer Discretionary	0.45%
76	KUSUMGAR LTD	Consumer Discretionary	0.45%
77	Tata Motors Passenger Vehicles Limited	Consumer Discretionary	0.44%
78	Voltamp Transformers Limited	Industrials	0.43%
79	Pine Labs Limited	Financial Services	0.42%
80	Century Plyboards (India) Limited	Consumer Discretionary	0.34%
81	Wonderla Holidays Limited	Consumer Discretionary	0.33%
82	PB Fintech Limited	Financial Services	0.3%
83	INDO-MIM LTD	Industrials	0.29%
84	Pidilite Industries Limited	Materials	0.17%
85	Wakefit Innovations Limited	Consumer Discretionary	0.07%
86	Net Receivables / (Payables)other	—	-0.17%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 5.81% of Mirae Asset Flexi Cap Fund's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 5.64% of Mirae Asset Flexi Cap Fund's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, Reliance Industries Limited is 4.16% of Mirae Asset Flexi Cap Fund's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, State Bank of India is 2.6% of Mirae Asset Flexi Cap Fund's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, Bharti Airtel Limited is 2.34% of Mirae Asset Flexi Cap Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: Mirae Asset Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.