Mirae Asset Small Cap Fund Direct Growth NAV Declines to ₹12.49 on 8 October 2026

Key Takeaways:

• Mirae Asset Small Cap Fund Direct Growth reported a NAV of ₹12.49 on 8 October 2026, declining 2.32% over the valuation day. 
• Its verified one-year return was 8.20%, but valid three-year and five-year CAGRs were unavailable because the scheme had not completed those periods. 
• The latest snapshot displayed assets of ₹5,717 crore and a Direct Growth expense ratio of 0.7%. 
• Welspun Corp was the largest displayed equity holding at 2.77%, with TREPS separately accounting for 2.37% of the portfolio. 

Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹12.49 for 8 October 2026. The primary 5paisa display showed a one-day decline of 2.32%. Its performance table for the same date recorded a one-year return of 8.20%, providing a longer historical measurement alongside the daily valuation change. NAV, Returns & Performance 

The available performance history does not support three-year or five-year CAGRs. The scheme had not completed those periods, so valid annualised returns for those windows were unavailable. Neither shorter-period performance nor a since-inception return can be substituted for a completed three- or five-year record. 

Welspun Corp accounted for 2.77% of the disclosed portfolio and was the largest displayed equity position. Karur Vysya Bank represented 2.33%, Kirloskar Oil Engines 2.24% and Dr Lal PathLabs 2.18%. TREPS appeared separately at 2.37%. It is a money-market liquidity exposure rather than a listed company or equity holding. 

Together, these five disclosed entries represented 11.89% of the portfolio, including TREPS. The figure therefore combines four equity holdings with one liquidity allocation. It should not be described as the weight of the five largest stocks. The selected entries also do not establish the complete equity allocation or the total exposure to each industry. 

Assets stood at ₹5,717 crore in the latest displayed snapshot, and the Direct Growth expense ratio was 0.7%. The primary card listed a minimum SIP of ₹99 and a minimum lump-sum amount of ₹5,000. These supporting figures retain the source’s presentation and are not independently assigned the NAV valuation date. 

The scheme’s objective focuses on capital appreciation through predominantly small-cap stocks, with scope for other equity and equity-related securities. Redemption terms provided a nil exit load for up to 15% of allotted units within 365 days. Redemptions beyond that allowance within one year attracted 1%, with no exit load after one year. The short operating history limits available performance comparisons and does not justify estimating missing returns. 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.