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Mirae Asset Midcap Fund Direct - Growth
NAV as of ( Sep 09, 2022 )
₹ 23.09 0.16 % 1-D Change
Returns
31.05% p.a.
You get upto 1.22% extra returns
ET Money's Fund Report Card - Mirae Asset Midcap Fund
ET Money Rank
2
Out of 20
Performance Quality
Very Good
Generated returns consistently
4/5
Increased returns for each unit of additional risk
4/5
Downside Protection
Very Good
Controlled losses during market corrections
4/5
Delivered returns without frequent ups and downs
3/5
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Monthly SIP
Monthly SIP is not available for this fund
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Lumpsum
Lumpsum is not available for this fund
₹
Minimum SIP amount is ₹
₹
Minimum Lumpsum amount is ₹
Fresh Investments closed in this fund!
This fund is no longer available to invest
This fund
vs
Show performance of:
Scheme Details
| ET Money Rank | 2 Out of 20 |
| VRO Rating | |
| Expense ratio | 0.65% As on May 31, 2022 |
| Exit Load |
1.0%
|
| 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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Investment Returns Calculator
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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
Top Stock Holdings
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| Fund name | Annual Return % | Consistency | Value Research Rating |
|---|---|---|---|
| PGIM India Midcap Opportunities Fund | 44.06% | ||
| Quant Mid Cap Fund | 41.19% | ||
| SBI Magnum Midcap Fund | 33.3% | ||
| Edelweiss Mid Cap Fund | 31.92% | ||
| Mirae Asset Midcap Fund | 31.91% | ||
| Motilal Oswal Midcap Fund | 30.68% | ||
| Axis Midcap | 27.35% | ||
| Motilal Oswal Nifty Midcap 150 Index Fund | 28.83% | ||
| Kotak Emerging Equity Fund | 30.64% | ||
| DSP Midcap Fund | 21.76% |
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
Riskometer
Level of Risk in the Scheme
Investors understand that their principal will be at Very High risk
Mirae Asset Midcap Fund
EQUITY MID CAP
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
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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
TOTAL AUM:
₹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
