Mirae Asset Small Cap Fund Direct Growth NAV Edges Lower to ₹13.0950 on 11 September; 1-Year Return at 12.17%

Key Takeaways

• Mirae Asset Small Cap Fund Direct Growth NAV declined 0.25% to ₹13.0950 on 11 September 2026. 
• The scheme's one-year return stood at 12.17%, but it has not yet completed enough history for valid three-year or five-year CAGRs. 
• The latest 5paisa supporting snapshot placed fund size at approximately ₹5,221 crore and the Direct Growth expense ratio at 0.67%. 
• Welspun Corp was the largest disclosed equity holding at 2.77%; the five largest disclosed entries including TREPS represented 11.89%. 

Mirae Asset Small Cap Fund Direct Growth NAV stood at ₹13.0950 on 11 September 2026 after edging 0.25% lower. Its one-year return was 12.17%. The scheme was launched in January 2025, which makes it materially younger than most of the funds in this 20-scheme set. 

Because the scheme has not completed three full years, a valid three-year CAGR is not yet available. The same applies to the five-year period. A since-inception number, where provided, is a different performance measure and should not be presented as a substitute for either standard trailing CAGR. 

The latest available 5paisa supporting snapshot placed fund size at approximately ₹5,221 crore and the Direct Growth expense ratio at 0.67%. Minimum SIP investment stood at ₹99, while the minimum lump-sum amount was ₹5,000. Given the fund's relatively short history, its AUM, risk statistics and portfolio composition can also change meaningfully as the scheme develops. 

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%. Including TREPS, those five entries collectively represented 11.89%. 

Available historical risk statistics included beta at 0.78, standard deviation at 5.46, alpha at 7.69 and a Sharpe ratio of 0.71. Because the fund itself has a short operating history, these measures are based on a shorter observation period than the equivalent statistics for long-established schemes. 

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