Mirae Asset Small Cap Fund Direct Growth NAV at ₹11.81 on 23 October 2026; Falls 2.26%

Key Takeaways:

• Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹11.81 on 23 October 2026, declining 2.26% over the valuation day. 
• The scheme's available one-year return stood at -0.25%; valid three- and five-year CAGRs are not yet available because the fund has not completed those periods. 
• The fund managed ₹5,819 crore, with a Direct Growth expense ratio of 0.70%, minimum SIP of ₹99 and minimum lump-sum amount of ₹5,000. 
• Welspun Corp was the largest listed equity holding at 2.86%, while TREPS accounted for a separate 2.82% liquidity allocation. 

Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹11.81 on 23 October 2026, declining 2.26% over the valuation day. The scheme's available one-year historical return stood at approximately -0.25%. 

Unlike the older schemes in this batch, Mirae Asset Small Cap Fund had a fund age of only around one year on the latest 5paisa snapshot. It therefore had not completed a full three-year or five-year investment period. Valid three- and five-year CAGRs are consequently unavailable and should not be estimated, extrapolated from since-inception performance or replaced with another return measure. 

The fund's reported assets stood at ₹5,819 crore, with a Direct Growth expense ratio of 0.70%. The minimum SIP was ₹99, while the minimum lump-sum investment was ₹5,000. 

In the disclosed portfolio, Welspun Corp was the largest listed equity position at 2.86%. TREPS accounted for 2.82%, but that allocation represents short-term liquidity rather than a listed equity holding. Other disclosed positions included Kirloskar Oil Engines at 2.53%, Bluestone Jewellery at 2.33% and Dr Lal PathLabs at 2.30%. The largest five disclosed entries, including TREPS, represented about 12.84% of the portfolio. 

The scheme is a small-cap equity strategy, so its NAV can be sensitive to broad movements in smaller companies. However, the limited operating history is especially relevant when discussing performance: only periods the fund has actually completed should be reported. 

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