Mirae Asset Small Cap Fund Direct Growth NAV Rises to ₹12.88 on 17 September; 1-Year Return at 8.09%

Key Takeaways

• Mirae Asset Small Cap Fund Direct Growth NAV rose 0.77% to ₹12.88 on 17 September 2026. The scheme remains relatively new, so its available standard return history is shorter than that of most funds in the batch. 
• The latest one-year return stood at 8.09%. Valid three-year and five-year CAGRs are not yet available because the fund has not completed those full operating periods. 
• Welspun Corp was the largest disclosed listed equity holding at 2.77%, while TREPS represented 2.37%. The five leading disclosed entries, including TREPS, accounted for 11.89% of assets. 
• The scheme managed approximately ₹5,717 crore and had a Direct Growth expense ratio of 0.67%. The minimum SIP was ₹99 and the minimum lump-sum investment was ₹5,000. 

Mirae Asset Small Cap Fund Direct Growth NAV increased 0.77% to ₹12.88 on 17 September 2026. The scheme remains comparatively new, with the latest fund snapshot indicating an operating history of around one year. Its fund size stood at approximately ₹5,717 crore and the Direct Growth expense ratio was 0.67%. 

The latest standard historical return available was 8.09% over one year. A valid three-year CAGR cannot yet be reported because the scheme has not completed a full three-year operating period. The same limitation applies to the five-year CAGR. Since-inception performance would measure a different period and therefore should not be substituted for either figure. 

Welspun Corp was the largest disclosed listed equity position at 2.77%. TREPS accounted for 2.37%, followed by Karur Vysya Bank at 2.33%, Kirloskar Oil Engines at 2.24% and Dr Lal PathLabs at 2.18%. Together, those five disclosed entries represented 11.89% of the portfolio, leaving 88.11% across the remaining positions and portfolio components. 

Historical alpha was listed at 7.69, with beta at 0.78. Standard deviation stood at 5.46 and the Sharpe ratio at 0.71. Given the shorter operating history, these measurements are necessarily based on a more limited observation period than those of older schemes. 

The minimum SIP stood at ₹99, while the minimum lump-sum investment was ₹5,000. As the fund completes additional operating years, standard three- and five-year CAGR periods will become available for comparison. 

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