Mirae Asset Small Cap Fund gains 0.50% to ₹13.17; one-year return is 14.22%

Key Takeaways 

• Mirae Asset Small Cap Fund Direct Growth rose 0.50% on 8 September 2026 to close at an NAV of ₹13.17. 
• The scheme's one-year return was 14.22%, while three-year and five-year returns were unavailable because the fund does not yet have those full performance histories. 
• Welspun Corp, Kirloskar Oil Engines, Karur Vysya Bank, Dr Lal PathLabs and NLC India together made up 12.65% of the disclosed portfolio. 
• Fund size stood at ₹5,221 crore, and the ₹5,000 lump-sum minimum was just over 50 times the ₹99 SIP starting amount. 

Mirae Asset Small Cap Fund Direct Growth gained 0.50% on 8 September 2026, ending the day at an NAV of ₹13.17. Among the 20 funds in this batch, it has one of the shorter operating histories, which changes how its performance data need to be read. 

The one-year return was 14.22%. Three-year and five-year annualised returns were not available because the scheme has not completed those measurement periods. Its return since launch was displayed at 18.74%, but that figure covers a different period from the standard one-year, three-year and five-year comparisons and should not be treated as a substitute for the unavailable longer windows. 

The five largest disclosed holdings were fairly dispersed. Welspun Corp accounted for 3.04%, Kirloskar Oil Engines 2.56%, Karur Vysya Bank 2.52%, Dr Lal PathLabs 2.36% and NLC India 2.17%. Their combined weight was 12.65%, with no single one of those positions exceeding 3.04%. 

Assets stood at ₹5,221 crore and the Direct Growth expense ratio was 0.67%. The minimum SIP was an unusually specific ₹99, while the minimum lump-sum investment was ₹5,000. The latter was just over 50 times the SIP floor. For exits within 365 days, 15% of units can be redeemed without charge; units beyond that allowance attract a 1% load. The load falls to nil after one year. 

Risk figures showed alpha at 7.69, beta at 0.78 and standard deviation at 5.46. The Sharpe ratio was 0.71. Given the scheme's age, the absence of three-year and five-year return numbers is a matter of fund history, so no longer-period performance figure has been inferred. 

Mutual fund investments are subject to market risks; read all scheme-related documents carefully.