Mirae Asset Small Cap Fund Direct Growth NAV Rises to ₹12.64 on 12 October 2026; 1-Year Return at 8.96%

Key Takeaways:

• Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹12.64 on 12 October 2026, gaining 0.60% during the valuation day. 
• The scheme's displayed one-year historical return stood at 8.96%, while valid three- and five-year CAGRs were unavailable because the fund had not completed those periods. 
• The latest snapshot showed AUM of ₹5,717 crore and an expense ratio of 0.70%, with Welspun Corp representing 2.86% of disclosed portfolio assets. 

Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹12.64 for 12 October 2026, representing a daily increase of 0.60%. 

The fund operates within the small-cap equity category. Its investment universe primarily comprises businesses in the smaller segment of the listed equity market. 

Unlike the longer-established schemes in this daily NAV series, Mirae Asset Small Cap Fund has a relatively short operating history. The 5paisa page showed the scheme's age at approximately one year. 

Its latest displayed one-year historical return stood at 8.96%. 

Three-year and five-year CAGRs are not available because the scheme has not completed those respective periods. A longer-period annualised return should not be extrapolated from its since-inception performance. 

The latest fund-size snapshot showed assets of ₹5,717 crore. The Direct Growth expense ratio stood at 0.70%. 

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

Welspun Corp represented the largest displayed listed equity holding at 2.86%. TREPS followed as a separate money-market allocation of 2.82%. 

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

These five disclosed entries, including TREPS, represented 12.84% of the portfolio. 

TREPS should not be included when identifying the largest equity holdings, since it is a short-term liquidity instrument rather than a listed company. 

The latest risk statistics included beta of 0.78, standard deviation of 5.41 and Sharpe ratio of 0.58. 

These figures form part of the latest available risk snapshot, but the short operating history limits the range of long-period performance comparisons. 

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