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Mirae Asset Midcap Fund Direct - Growth

NAV as of ( Sep 09, 2022 )

23.09 0.16 % 1-D Change

31.05% p.a.

You get upto 1.22% extra returns

ET Money's Fund Report Card - Mirae Asset Midcap Fund

ET Money Rank


Out of 20

Performance Quality info

Very Good drop-arrow

Generated returns consistently


Increased returns for each unit of additional risk info


Downside Protection info

Very Good drop-arrow

Controlled losses during market corrections


Delivered returns without frequent ups and downs


Minimum SIP amount is ₹
Minimum Lumpsum amount is ₹

By continuing, I agree to the Declaration and T&Cs.

none buyable frame

Fresh Investments closed in this fund!

This fund is no longer available to invest

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Scheme Details

ET Money Rank 2 Out of 20
VRO Rating 4
Expense ratio 0.65%  As on May 31, 2022
Exit Load 1.0% info
AUM (Fund Size) 8,499 Crs
Lock-in No Lockin
Age 3 yrs 2 m Since Jul 08, 2019
Benchmark Nifty Midcap 150 TRI
Min. Investment

SIP 1000  &

Lumpsum 5000

About Mirae Asset Midcap Fund

Mirae Asset Midcap Fund Direct - Growth is a Mid Cap mutual fund scheme from Mirae Asset Mutual Fund . This fund has been in existence for 3 yrs 2 m, having been launched on 08/07/2019. Mirae Asset Midcap Fund Direct - Growth has ₹8,499 Crores worth of assets under management (AUM) as on 30/06/2022 and is medium-sized fund of its category. The fund has an expense ratio of 0.65%, which is close to what most other Mid Cap funds charge.
  • Mirae Asset Midcap Fund Direct - Growth returns of last 1-year are 9.17%. Since launch, it has delivered 30.78% average annual returns. The fund has doubled the money invested in it every 2 yrs.
  • Mirae Asset Midcap Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.
  • The fund has the majority of its money invested in Financial, Automobile, Healthcare, Materials, Consumer Discretionary sectors. It has taken less exposure in Financial, Automobile sectors compared to other funds in the category.
  • The fund's top 5 holdings are in TVS Motor Co. Ltd., Shriram Transport Finance Co. Ltd., Federal Bank Ltd., Bharat Forge Ltd., Axis Bank Ltd..
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Total value Profit
This fund
Category Average
Bank FD

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Latest Asset & Portfolio Allocation

as on May 31, 2022
Allocation by Market Cap

Large Cap 14.68%

Mid Cap 66.74%

Small Cap 17.02%

Other Cap -0%

Allocation by Sector

Financial 19.01%

Automobile 12.25%

Healthcare 11.17%

Materials 8.22%

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Credit Quality

Bifurcation by Credit Quality is not available for this fund

Allocation by Instruments

Repo 1.47%

Net Receivables 0.08%

Other Holdings

Others 0.86%

Know in detail about the portfolio of this fund See detailed Portfolio Analysis

Comparison with mid cap Funds

as on Sep 12, 2022
3.16 % p.a
This fund


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Trailing Returns and Ranks

as on Jun 29, 2022
Period Trailing returns Category average Rank within category
1 month 3.16% 4.22% 24 / 28
3 months 18.61% 19.72% 19 / 27
6 months 11.63% 13.34% 18 / 25
1 year 8.78% 9.73% 14 / 23
3 years 31.91% 28.83% 5 / 21

Know in detail about the returns of this fund See detailed Return Analysis


Level of Risk in the Scheme

Very High

Investors understand that their principal will be at Very High risk

Mirae Asset Midcap Fund


The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of midcap companies. From time to time, the fund manager may also participate in other Indian equities and equity related securities for optimal portfolio construction.

  • Std. Dev : 23.52
  • Alpha : 3.54
  • Beta : 0.92
  • Sharpe : 1.16
  • Sortino : 1.16
  • Profile

    Ankit Jain

    Mr. Jain is a B.Tech (ICT) and MBA (Finance).

    Prior to joining Mirae Asset Mutual Fund (Sep. 7, 2015) as a Research Analyst he was associated with Equirius Securities Pvt Ltd. and Infosys Ltd. He has more than 5 years of professional experience and his primary responsibility includes Investment Analysis and Fund Management.

Mirae Asset Mutual Fund

Mirae Asset Mutual Fund



See all schemes


₹1,02,384 Crs

As on Jun 30, 2022

  • Phone: 022-67800301 / 1800-2090-777
  • Address: Unit No.606 - 6th Floor,
    Windsor Building - Off. CST Road,
    Kalina, Santacruz (East),
    Mumbai, 400098

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Frequently asked questions

How are the returns of Mirae Asset Midcap Fund ?

The Mirae Asset Midcap Fund is a 3 yrs 2 m old fund and has delivered average annual returns of 31.05% since inception.

Mirae Asset Midcap Fund Returns

1-Year 3-Year Since Inception
8.78% 31.91% 31.05%

NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.

The NAV of Mirae Asset Midcap Fund for Sep 09, 2022 is 23.09 .

Mirae Asset Midcap Fund has an ET Money Rank of # 2 of 20 and a consistency rating of 4 .

This indicates the fund has not only delivered solid returns in the past but has done so with exceptional consistency. All this means Mirae Asset Midcap Fund can be a good addition to your portfolio.

On ET Money, Investing in Mirae Asset Midcap Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -

  1. Click on the Invest Now Button present on the top right-hand side.
  2. Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
  3. Provide few more details needed including the bank account from which you will be making the payment and confirm.
  4. That's it. Your SIP or one-time investment in Mirae Asset Midcap Fund is done.

The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.

The Expense Ratio of the direct plan of Mirae Asset Midcap Fund is 0.65%.  .

Redeeming your investments in Mirae Asset Midcap Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Mirae Asset Midcap Fund from anywhere else, you can go to the fund house website and put a request through it.

AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.

The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.

The AUM of Mirae Asset Midcap Fund is ₹8,499 Crs.

The Mirae Asset Midcap Fund has invested the majority of its money in the stocks of the following companies -

Company Percentage of Portfolio
TVS Motor Co. Ltd. 3.9%
Shriram Transport Finance Co. Ltd. 3.84%
Federal Bank Ltd. 3.68%
Bharat Forge Ltd. 3.49%
Axis Bank Ltd. 3.44%
National Thermal Power Corp. Ltd. 2.92%
Bata India Ltd. 2.77%
Page Industries Ltd. 2.74%
Jindal Steel & Power Ltd. 2.45%
Crompton Greaves Consumer Electricals Ltd. 2.39%

The Mirae Asset Midcap Fund has primarily invested in the following sectors

Sector Percentage of Portfolio
Financial 19.01%
Automobile 12.25%
Healthcare 11.17%
Materials 8.22%
Consumer Discretionary 7.99%
Capital Goods 7.97%
Chemicals 6%
Energy 5.85%
Services 5.6%
Technology 5.32%
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