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Fund Overview
Fund Size
₹16,695 Cr
Expense Ratio
0.61%
ISIN
INF769K01FA9
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
29 Jul 2019
About this fund
Mirae Asset Midcap Fund Direct Growth is a Mid-Cap mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 5 years, 4 months and 23 days, having been launched on 29-Jul-19.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹37.58, Assets Under Management (AUM) of 16695.39 Crores, and an expense ratio of 0.61%.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹37.58, Assets Under Management (AUM) of 16695.39 Crores, and an expense ratio of 0.61%.
- Mirae Asset Midcap Fund Direct Growth has given a CAGR return of 27.80% since inception.
- The fund's asset allocation comprises around 99.30% in equities, 0.00% in debts, and 0.70% in cash & cash equivalents.
- You can start investing in Mirae Asset Midcap Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+25.92%
+32.43% (Cat Avg.)
3 Years
+22.29%
+23.91% (Cat Avg.)
5 Years
+27.33%
+26.60% (Cat Avg.)
Since Inception
+27.80%
— (Cat Avg.)
Portfolio Summaryas of 30th November 2024
| Equity | ₹16,578.81 Cr | 99.30% |
| Others | ₹116.57 Cr | 0.70% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Indian Bank | Equity | ₹504.35 Cr | 3.04% |
| The Federal Bank Ltd | Equity | ₹434.47 Cr | 2.62% |
| Delhivery Ltd | Equity | ₹416.7 Cr | 2.51% |
| Mphasis Ltd | Equity | ₹407.85 Cr | 2.46% |
| Oracle Financial Services Software Ltd | Equity | ₹395.2 Cr | 2.38% |
| Cummins India Ltd | Equity | ₹392.08 Cr | 2.37% |
| FSN E-Commerce Ventures Ltd | Equity | ₹379.66 Cr | 2.29% |
| Tata Communications Ltd | Equity | ₹358.57 Cr | 2.16% |
| Gland Pharma Ltd | Equity | ₹349.02 Cr | 2.11% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹346.04 Cr | 2.09% |
| Motherson Sumi Wiring India Ltd | Equity | ₹342.94 Cr | 2.07% |
| Lupin Ltd | Equity | ₹338.13 Cr | 2.04% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹332.7 Cr | 2.01% |
| Fortis Healthcare Ltd | Equity | ₹331.14 Cr | 2.00% |
| Coforge Ltd | Equity | ₹329.44 Cr | 1.99% |
| HDFC Asset Management Co Ltd | Equity | ₹328.43 Cr | 1.98% |
| Axis Bank Ltd | Equity | ₹325.78 Cr | 1.97% |
| One97 Communications Ltd | Equity | ₹308.34 Cr | 1.86% |
| Hindustan Petroleum Corp Ltd | Equity | ₹299.8 Cr | 1.81% |
| Tata Power Co Ltd | Equity | ₹291.54 Cr | 1.76% |
| Page Industries Ltd | Equity | ₹287.82 Cr | 1.74% |
| PB Fintech Ltd | Equity | ₹278.62 Cr | 1.68% |
| Go Digit General Insurance Ltd | Equity | ₹270.94 Cr | 1.63% |
| Aurobindo Pharma Ltd | Equity | ₹269.34 Cr | 1.62% |
| LIC Housing Finance Ltd | Equity | ₹256.98 Cr | 1.55% |
| Ceat Ltd | Equity | ₹252.53 Cr | 1.52% |
| Tata Steel Ltd | Equity | ₹247.61 Cr | 1.49% |
| Jyothy Labs Ltd | Equity | ₹245 Cr | 1.48% |
| SKF India Ltd | Equity | ₹242.22 Cr | 1.46% |
| Prestige Estates Projects Ltd | Equity | ₹236.63 Cr | 1.43% |
| Whirlpool of India Ltd | Equity | ₹233.07 Cr | 1.41% |
| National Aluminium Co Ltd | Equity | ₹222.39 Cr | 1.34% |
| SRF Ltd | Equity | ₹221.79 Cr | 1.34% |
| Bata India Ltd | Equity | ₹215.25 Cr | 1.30% |
| Container Corporation of India Ltd | Equity | ₹203.23 Cr | 1.23% |
| L&T Finance Ltd | Equity | ₹198.65 Cr | 1.20% |
| Schaeffler India Ltd | Equity | ₹197.8 Cr | 1.19% |
| K.P.R. Mill Ltd | Equity | ₹196.26 Cr | 1.18% |
| Vedanta Ltd | Equity | ₹195.35 Cr | 1.18% |
| Voltas Ltd | Equity | ₹191.97 Cr | 1.16% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹187.37 Cr | 1.13% |
| NMDC Ltd | Equity | ₹182.38 Cr | 1.10% |
| Treps | Cash - Repurchase Agreement | ₹179.35 Cr | 1.08% |
| ACC Ltd | Equity | ₹178.47 Cr | 1.08% |
| Gujarat State Petronet Ltd | Equity | ₹171.85 Cr | 1.04% |
| Apollo Tyres Ltd | Equity | ₹171.23 Cr | 1.03% |
| Dalmia Bharat Ltd | Equity | ₹168.39 Cr | 1.02% |
| Laurus Labs Ltd | Equity | ₹165.65 Cr | 1.00% |
| Century Plyboards (India) Ltd | Equity | ₹164.07 Cr | 0.99% |
| Ashok Leyland Ltd | Equity | ₹159.41 Cr | 0.96% |
| Gujarat Gas Ltd | Equity | ₹159.32 Cr | 0.96% |
| Cyient Ltd | Equity | ₹158.68 Cr | 0.96% |
| Kajaria Ceramics Ltd | Equity | ₹156.85 Cr | 0.95% |
| Alkem Laboratories Ltd | Equity | ₹153.29 Cr | 0.92% |
| Vijaya Diagnostic Centre Ltd | Equity | ₹149.78 Cr | 0.90% |
| Deepak Nitrite Ltd | Equity | ₹134.94 Cr | 0.81% |
| Sobha Ltd | Equity | ₹124.25 Cr | 0.75% |
| Honeywell Automation India Ltd | Equity | ₹121.6 Cr | 0.73% |
| General Insurance Corp of India | Equity | ₹120.42 Cr | 0.73% |
| Campus Activewear Ltd | Equity | ₹118.82 Cr | 0.72% |
| Craftsman Automation Ltd | Equity | ₹118.13 Cr | 0.71% |
| Ola Electric Mobility Ltd | Equity | ₹116.33 Cr | 0.70% |
| Bharat Forge Ltd | Equity | ₹115.42 Cr | 0.70% |
| TeamLease Services Ltd | Equity | ₹111.57 Cr | 0.67% |
| Oberoi Realty Ltd | Equity | ₹109.97 Cr | 0.66% |
| Mahindra & Mahindra Financial Services Ltd | Equity | ₹103.47 Cr | 0.62% |
| Prince Pipes And Fittings Ltd Ordinary Shares | Equity | ₹102.84 Cr | 0.62% |
| Berger Paints India Ltd | Equity | ₹102.24 Cr | 0.62% |
| Sudarshan Chemical Industries Ltd | Equity | ₹95.04 Cr | 0.57% |
| JK Cement Ltd | Equity | ₹94.06 Cr | 0.57% |
| Utkarsh Small Finance Bank Ltd | Equity | ₹91.79 Cr | 0.55% |
| Balkrishna Industries Ltd | Equity | ₹88.48 Cr | 0.53% |
| Dr Reddy's Laboratories Ltd | Equity | ₹78.2 Cr | 0.47% |
| Oil India Ltd | Equity | ₹75.83 Cr | 0.46% |
| Ipca Laboratories Ltd | Equity | ₹60.67 Cr | 0.37% |
| NRB Bearings Ltd | Equity | ₹50.85 Cr | 0.31% |
| Multi Commodity Exchange of India Ltd | Equity | ₹48.87 Cr | 0.29% |
| Net Receivables / (Payables) | Cash | ₹11.09 Cr | 0.07% |
Allocation By Market Cap (Equity)
Large Cap Stocks
6.23%
Mid Cap Stocks
71.27%
Small Cap Stocks
20.13%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Consumer Cyclical | ₹3,071.96 Cr | 18.53% |
| Financial Services | ₹2,962.77 Cr | 17.87% |
| Industrials | ₹2,257.14 Cr | 13.62% |
| Healthcare | ₹2,227.93 Cr | 13.44% |
| Basic Materials | ₹2,006.73 Cr | 12.11% |
| Technology | ₹1,440.83 Cr | 8.69% |
| Communication Services | ₹704.61 Cr | 4.25% |
| Utilities | ₹622.71 Cr | 3.76% |
| Real Estate | ₹470.85 Cr | 2.84% |
| Energy | ₹375.63 Cr | 2.27% |
| Consumer Defensive | ₹245 Cr | 1.48% |
Risk & Performance Ratios
Standard Deviation
This fund
14.83%
Cat. avg.
14.85%
Lower the better
Sharpe Ratio
This fund
0.97
Cat. avg.
1.05
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.05
Higher the better
Fund Managers
Ankit Jain
Since July 2019
Additional Scheme Detailsas of 30th November 2024
ISIN INF769K01FA9 | Expense Ratio 0.61% | Exit Load 1.00% | Fund Size ₹16,695 Cr | Age 5 years 4 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty Midcap 150 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Mid-Cap Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Bandhan Midcap Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1547.46 Cr | 35.6% |
| Bandhan Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹1547.46 Cr | 37.7% |
| Motilal Oswal Midcap Fund Regular Growth Very High Risk | 1.6% | 1.0% | ₹22897.62 Cr | 58.4% |
| HDFC NIFTY Midcap 150 ETF Very High Risk | 0.2% | - | ₹15.15 Cr | - |
| Mirae Asset Midcap Fund Regular Growth Very High Risk | 1.7% | 1.0% | ₹16695.39 Cr | 24.5% |
| Mirae Asset Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹16695.39 Cr | 25.9% |
| Axis Midcap Fund Regular Growth Very High Risk | 1.6% | 1.0% | ₹30329.59 Cr | 33.5% |
| Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹3460.90 Cr | 37.3% |
| Mahindra Manulife Mid Cap Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3460.90 Cr | 35.3% |
| Tata Mid Cap Growth Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹4494.44 Cr | 26.0% |
About the AMC
Mirae Asset India Mutual Fund
Total AUM
₹1,92,407 Cr
Address
Unit No. 606, 6th Floor, Mumbai, 400 098
Other Funds by Mirae Asset India Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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What is the current NAV of Mirae Asset Midcap Fund Direct Growth?
The NAV of Mirae Asset Midcap Fund Direct Growth, as of 20-Dec-2024, is ₹37.58.
What are the returns of Mirae Asset Midcap Fund Direct Growth?
The fund has generated 25.92% over the last 1 year and 22.29% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Mirae Asset Midcap Fund Direct Growth?
The fund's allocation of assets is distributed as 99.30% in equities, 0.00% in bonds, and 0.70% in cash and cash equivalents.
Who manages the Mirae Asset Midcap Fund Direct Growth?
The fund managers responsible for Mirae Asset Midcap Fund Direct Growth are:-
- Ankit Jain
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.