Mirae Asset Small Cap Fund Direct Growth NAV Edges Up to ₹12.14 on 29 October; 1-Year Return at 1.31%

Key Takeaways

• Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹12.14 on 29 October 2026, edging up 0.05%.
• The available one-year return stood at 1.31%, while valid three- and five-year CAGRs are unavailable because the scheme has not completed those periods.
• The latest snapshot showed a fund size of ₹5,819 crore and a Direct Growth expense ratio of 0.70%.
• Welspun Corp was the largest listed equity holding at 2.86%, while TREPS represented a separate 2.82% money-market allocation.

Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹12.14 on 29 October 2026, edging up 0.05% over the valuation day. The scheme is classified as a small-cap equity fund, but its track record is much shorter than most of the other schemes in this daily set. The 5paisa page shows a fund age of about one year.

That limited history is important when interpreting performance. The available one-year return stood at 1.31%, while a maximum-period annualised figure of 11.78% was displayed. Valid three-year and five-year CAGRs are not available, because the scheme has not yet completed full three- or five-year periods. Those figures should therefore not be estimated, extrapolated or inferred from its since-inception performance.

Welspun Corp was the largest listed equity holding at 2.86%. TREPS represented a separate 2.82% money-market allocation, followed by Kirloskar Oil at 2.53%, Bluestone Jewellery at 2.33% and Dr Lal Pathlabs at 2.30%. The five largest disclosed entries, including TREPS, together represented 12.84%.

The latest scheme snapshot showed a fund size of ₹5,819 crore and an expense ratio of 0.70%. Minimum SIP investment was ₹99, while minimum lump-sum investment was ₹5,000. Risk statistics included alpha of 7.02, standard deviation of 5.41, beta of 0.78 and Sharpe ratio of 0.58.

Given the shorter history, longer-period comparisons available for older small-cap funds are not yet possible for this scheme.

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