Mirae Asset Small Cap Fund Direct Growth NAV at ₹13.13 on 10 September; 1-Year Return Stands at 12.66%

Key Takeaways 

• Mirae Asset Small Cap Fund Direct Growth NAV edged 0.04% lower to ₹13.13 on 10 September 2026. 
• The fund's latest one-year return stood at 12.66%; valid three-year and five-year CAGRs are not yet available because the scheme has not completed those periods. 
• Fund size was approximately ₹5,221 crore, with a Direct Growth expense ratio of 0.67%. 
• Welspun Corp was the largest disclosed equity holding at 2.77%, and the five largest disclosed entries including TREPS accounted for 11.89%. 

Mirae Asset Small Cap Fund Direct Growth NAV stood at ₹13.13 on 10 September 2026, edging 0.04% lower over the day. Its latest one-year return was 12.66%. Unlike the older schemes in this set, the fund does not yet have a sufficiently long operating history for valid three-year or five-year CAGR figures. 

The scheme page lists its fund age at approximately one year. Consequently, extending the existing performance record into a three- or five-year annualised figure would be inappropriate. Its since-inception record is a separate measure and cannot be substituted for those standard trailing periods. 

Fund size stood at approximately ₹5,221 crore. The Direct Growth expense ratio was 0.67%. Minimum SIP investment was ₹99, with a ₹5,000 minimum for lump-sum transactions. The ₹99 SIP entry point also differentiates its current investment minimum from most other schemes in this fixed 20-fund universe. 

Welspun Corp was the largest disclosed equity holding at 2.77%. TREPS followed at 2.37% but represents a money-market allocation rather than a stock. Karur Vysya Bank accounted for 2.33%, Kirloskar Oil Engines 2.24% and Dr Lal PathLabs 2.18%. Those five disclosed entries, including TREPS, collectively represented 11.89%. 

The available risk metrics included beta of 0.78, standard deviation of 5.46, alpha of 7.69 and a Sharpe ratio of 0.71. Because the scheme itself has a relatively short history, these risk measurements also draw on a shorter observation period than those available for long-established funds. 

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