Mirae Asset Small Cap Fund Direct Growth NAV at ₹12.43 on 19 October 2026; 1-Year Return at 6.68%

Key Takeaways:

• Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹12.43 on 19 October 2026, declining 1.04% over the valuation day. 
• The scheme's one-year return was 6.68%, while valid three-year and five-year CAGRs were unavailable because the fund has not completed those periods. 
• The fund was launched on 31 January 2025, making it too young to have completed either a full three-year or five-year performance period by 19 October 2026. 
• The latest displayed AUM was approximately ₹5,819 crore, and Welspun Corp was the largest disclosed holding at 2.86%. 

Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹12.43 on 19 October 2026. The NAV declined 1.04% over the valuation day, while the scheme's one-year historical return stood at 6.68%. 

Unlike most longer-running schemes in this daily set, Mirae Asset Small Cap Fund does not yet have valid three-year or five-year CAGRs. The fund was launched on 31 January 2025, meaning that by 19 October 2026 it had not completed either of those full measurement periods. A three-year or five-year CAGR should therefore not be estimated or extrapolated from its since-inception performance. 

The latest 5paisa snapshot showed assets under management of approximately ₹5,819 crore and a Direct Growth expense ratio of 0.70%. The minimum SIP was ₹99 and the minimum lump-sum amount was ₹5,000. 

Welspun Corp was the largest disclosed portfolio holding at 2.86%. TREPS accounted for 2.82%; because TREPS is a money-market exposure, it should be considered separately from listed equity positions. Kirloskar Oil Engines accounted for 2.53%, Bluestone Jewellery and Lifestyle for 2.33%, and Dr Lal PathLabs for 2.30%. The five largest displayed entries, including TREPS, represented 12.84% of the portfolio. 

The page also displayed historical risk statistics including alpha of 7.02, beta of 0.78, standard deviation of 5.41 and a Sharpe ratio of 0.58. Given the scheme's relatively short operating history, the absence of three- and five-year return figures remains an important distinction when presenting its performance data. 

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