Mirae Asset Small Cap Fund Direct Growth NAV Reaches ₹12.54 on 9 November 2026; One-Year Return at 4.57%

Key Takeaways

• Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹12.54 on 9 November 2026, increasing 0.67% during the valuation day.
• The fund's available historical one-year return stood at 4.57%, while valid three-year and five-year CAGRs were unavailable because the scheme had not completed those periods.
• Assets under management stood at ₹5,819 crore, with a Direct Growth expense ratio of 0.68%, and Welspun Corp was the largest disclosed listed equity holding at 2.86%.

Mirae Asset Small Cap Fund Direct Growth recorded a net asset value of ₹12.54 on 9 November 2026. The primary NAV card reported a daily increase of 0.67%.

The scheme's relatively short operating history is an important distinction in its performance reporting. The latest available fund snapshot indicated a fund age of approximately one year.

Its one-year historical return stood at 4.57%. However, the fund had not completed a full three-year or five-year period, making valid CAGRs for those durations unavailable.

A three-year or five-year annualised return cannot be established by extrapolating the one-year figure or extending its since-inception performance mathematically.

The latest disclosed portfolio showed Welspun Corp as the largest listed equity holding at 2.86%.

TREPS represented 2.82%, making it another significant disclosed allocation. This is short-term money-market exposure rather than a listed equity position.

Kirloskar Oil Engines accounted for 2.53%, followed by Bluestone Jewellery at 2.33% and Dr Lal PathLabs at 2.30%.

These holdings indicate exposure to several business activities, although the displayed entries represent only part of the portfolio.

Assets under management stood at ₹5,819 crore, and the Direct Growth expense ratio was 0.68%.

The displayed minimum SIP amount was ₹99, while the minimum lump-sum investment stood at ₹5,000.

Published risk statistics included alpha of 5.69, beta of 0.79, standard deviation of 5.50 and a Sharpe ratio of 0.32.

Those statistics should be distinguished from long-term annualised return records, which require the relevant historical operating period.

The scheme's small-cap classification and limited performance history are both relevant to interpreting its published NAV and supporting fund information.

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