Mirae Asset Small Cap Fund Direct Growth NAV edges lower to ₹12.89 on 25 September; 1-Year return at 11.20%

Key Takeaways:

• Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹12.89 on 25 September 2026, with a marginal daily decline of 0.17%. 
• The latest one-year return stood at 11.20%; valid three-year and five-year CAGRs are not available because the scheme has not completed those periods. 
• The scheme managed approximately ₹5,717 crore, with a Direct Growth expense ratio of 0.67%. 
• Welspun Corp was the largest listed equity holding at 2.77%, while TREPS represented 2.37% of the disclosed portfolio. 

Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹12.89 on 25 September 2026. The NAV edged lower by 0.17%, a relatively modest single-day movement for a scheme investing predominantly in small-cap companies. 

The fund's operating history is particularly important when reading its performance data. The retrieved profile showed a fund age of only one year. Its latest one-year return stood at 11.20%. A valid three-year CAGR is not yet available because the scheme has not completed three years, and a five-year CAGR likewise cannot be reported without a full five-year history. 

Fund size stood at approximately ₹5,717 crore. The Direct Growth expense ratio was 0.67%. Minimum SIP investment was ₹99, while the minimum lump-sum amount stood at ₹5,000. The ₹99 SIP threshold is unusual relative to the ₹100 or ₹500 minimums seen across many other funds in this batch. 

Welspun Corp was the largest listed equity holding 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%. These five disclosed entries together represented 11.89%. Historical statistics on the page included beta at 0.78 and Sharpe ratio at 0.71, though the relatively short fund history should be kept in mind when interpreting risk measures. 

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