Mirae Asset Small Cap Fund Direct Growth NAV at ₹13.07 on 21 September; One-Year Return at 9.43%

Key Takeaways

• Mirae Asset Small Cap Fund Direct Growth NAV stood at ₹13.07 on 21 September 2026 after a marginal 0.05% decline. 
• The one-year return was 9.43%; the scheme had not completed enough operating history to report valid three- or five-year CAGRs. 
• The five largest disclosed portfolio entries, including TREPS, represented 11.89%. 

Mirae Asset Small Cap Fund Direct Growth was little changed at ₹13.07 on 21 September 2026, declining by 0.05% for the day. The fund managed approximately ₹5,717 crore and had a Direct Growth expense ratio of 0.67%. The minimum SIP was ₹99, with a minimum lump-sum investment of ₹5,000. 

The scheme is considerably newer than most funds in this 20-scheme set. Its latest one-year return stood at 9.43%, but it had not yet completed three years of operating history by the requested valuation date. A valid three-year CAGR is therefore unavailable, and the same applies to a five-year CAGR. No longer-period figure should be extrapolated from its shorter track record. 

Welspun Corp was the largest disclosed equity position at 2.77%. TREPS followed at 2.37% and should be treated as a separate cash-related portfolio component rather than a stock. Karur Vysya Bank accounted for 2.33%, Kirloskar Oil Engines for 2.24% and Dr Lal PathLabs for 2.18%. Including TREPS, these five entries totalled 11.89%, leaving 88.11% elsewhere. 

Published risk statistics included alpha of 7.69, standard deviation of 5.46, beta of 0.78 and Sharpe ratio of 0.71. Because the scheme has a relatively short operating record, these measures are necessarily based on a shorter historical observation period than those available for older funds. 

The exit-load structure allowed the first specified portion of units to be redeemed without charge, with 1% applying to qualifying excess redemptions within one year and nil thereafter under the disclosed terms. For this newer small-cap scheme, fund age remains an essential qualification when interpreting its NAV and historical statistics. 

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