Mirae Asset Small Cap Fund Direct Growth NAV at ₹12.91 on 24 September; 1-Year return at 10.64%

Key Takeaways:

• Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹12.91 on 24 September 2026, with a 1-day decline of 1.79%.  
• The fund’s latest available one-year return was 10.64%.  
• The scheme managed approximately ₹5,717 crore, and the Direct Growth expense ratio stood at 0.67%.  
• Since the fund age was one year, valid three-year and five-year CAGRs were not available. 

Mirae Asset Small Cap Fund Direct Growth posted a NAV of ₹12.91 on 24 September 2026 and declined 1.79% over the day. That is one of the larger daily falls in this batch, although the interpretation needs to account for the fact that the scheme is still relatively new and sits in the small-cap category. 

The age of the fund was shown as one year. That matters immediately when reading performance fields. A valid three-year CAGR is not available because the scheme has not completed three years, and a five-year CAGR is not available because it does not yet have a full five-year operating history. The latest available one-year return stood at 10.64%, which is therefore the most meaningful trailing performance number presently visible from the permitted source. 

Its fund size stood at around ₹5,717 crore. The Direct Growth expense ratio was 0.67%. Minimum investment thresholds were ₹99 for SIPs and ₹5,000 for lump-sum investment. The low SIP threshold stands out here because it is one rupee below the more common ₹100 floor seen across many other schemes in this batch. 

The disclosed portfolio entries included Welspun Corp at 2.77%, TREPS at 2.37%, Karur Vysya Bank at 2.33%, Kirloskar Oil at 2.24% and Dr Lal PathLabs at 2.18%. Those five disclosed entries together represented 11.89% of the visible portfolio slice. Historical risk metrics shown on the page included beta at 0.78 and Sharpe ratio at 0.71. 

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