Mirae Asset Small Cap Fund Direct Growth NAV at ₹13.1330 on 9 September; Top Five Holdings Total 12.65%

Key Takeaways 

• Mirae Asset Small Cap Fund Direct Growth recorded an NAV of ₹13.1330 on 9 September 2026, declining 0.27% over the day. 
• The relatively new scheme had assets of approximately ₹5,221 crore, with a minimum SIP of ₹99 and minimum lump-sum investment of ₹5,000. 
• Welspun Corp, Kirloskar Oil Engines, Karur Vysya Bank, Dr Lal PathLabs and NLC India together represented 12.65% of the disclosed portfolio. 
• The fund does not yet have three- or five-year trailing returns because it has not completed those operating periods. 

Mirae Asset Small Cap Fund Direct Growth recorded an NAV of ₹13.1330 on 9 September 2026, down 0.27% from the preceding valuation. The scheme remains much younger than most of the small-cap funds in this batch, having only around a year of operating history. That shorter record is important when reading its available return and risk statistics. 

Assets under management stood at approximately ₹5,221 crore. A SIP could begin at ₹99, while the minimum lump-sum investment was ₹5,000. The Direct Growth expense ratio in the latest scheme data stood at 0.67%. 

There is no valid three-year or five-year CAGR for the scheme yet. Those periods should remain blank rather than being inferred from shorter performance data. As the fund builds a longer NAV history, additional trailing-return periods will become measurable, but for 9 September 2026 the available record is still limited by its age. 

The five largest disclosed holdings were Welspun Corp at 3.04%, Kirloskar Oil Engines at 2.56%, Karur Vysya Bank at 2.52%, Dr Lal PathLabs at 2.36% and NLC India at 2.17%. Their combined weight came to 12.65%. That left 87.35% of the portfolio outside these five individual positions, giving a clearer numerical view of how widely the remaining assets were distributed. 

Historical risk statistics included alpha of 7.69, standard deviation of 5.46, beta of 0.78 and a Sharpe ratio of 0.71. These metrics are based on a relatively short observation period and therefore need to be read with the scheme's limited history in mind. 

The exit-load structure permits up to 15% of allotted units to be redeemed within the specified first-year allowance without a load. Applicable redemptions beyond that allowance within one year attract a 1% charge, with no exit load after one year. 

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