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NAV as of ( Sep 09, 2022 )
₹ 23.09 0.16 % 1-D Change
You get upto 1.22% extra returns
ET Money Rank
Out of 20
Generated returns consistently
Increased returns for each unit of additional risk
Controlled losses during market corrections
Delivered returns without frequent ups and downs
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|ET Money Rank||2 Out of 20|
|Expense ratio||0.65% As on May 31, 2022|
|AUM (Fund Size)||₹ 8,499 Crs|
|Age||3 yrs 2 m Since Jul 08, 2019|
|Benchmark||Nifty Midcap 150 TRI|
SIP ₹ 1000 &
Lumpsum ₹ 5000
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You would have earned ₹ 1,001 more by investing in ET Money Direct Plan
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.
Large Cap 14.68%
Mid Cap 66.74%
Small Cap 17.02%
Other Cap -0%
Bifurcation by Holding is not available for this fund
Bifurcation by Credit Quality is not available for this fund
Net Receivables 0.08%
Know in detail about the portfolio of this fund See detailed Portfolio Analysis
|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%|
|Motilal Oswal Nifty Midcap 150 Index Fund||28.83%|
|Kotak Emerging Equity Fund||30.64%|
|DSP Midcap Fund||21.76%|
Sign-up for free to compare fund with mid cap funds
|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
Investors understand that their principal will be at Very High risk
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.
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.
As on Jun 30, 2022
The Mirae Asset Midcap Fund is a 3 yrs 2 m old fund and has delivered average annual returns of 31.05% since inception.
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 -
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|