Mirae Asset Small Cap Fund Direct Growth NAV at ₹11.96 on 30 October 2026; 3-Year and 5-Year CAGRs Unavailable

Key Takeaways

• Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹11.96 on 30 October 2026, declining 1.52%.
• The one-year return stood at -0.32%, while valid three- and five-year CAGRs were unavailable because the fund had not completed those periods.
• Fund size stood at ₹5,819 crore and the Direct Growth expense ratio was 0.70%, with a minimum SIP of ₹99.
• Welspun Corp was the largest listed equity holding at 2.86%, while TREPS represented a separate money-market allocation of 2.82%.

Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹11.96 on 30 October 2026, declining 1.52% for the valuation day. The primary 5paisa card showed a fund size of ₹5,819 crore and a Direct Growth expense ratio of 0.70%. The minimum SIP amount was ₹99 and the minimum lump-sum investment stood at ₹5,000.

The fund's relatively short operating history is important when presenting historical returns. Its one-year return was -0.32%, but the scheme had not completed full three-year or five-year periods. Consequently, valid three-year and five-year CAGRs were unavailable and should not be estimated or extrapolated from its since-inception performance.

Welspun Corp was the largest disclosed listed equity holding at 2.86%. TREPS represented 2.82%, but this is a money-market allocation rather than a listed stock. Kirloskar Oil Engines accounted for 2.53%, Bluestone Jewellery for 2.33% and Dr Lal PathLabs for 2.30%.

The distinction between the fund's actual track record and hypothetical longer-period returns is particularly important when comparing it with older small-cap schemes. A three- or five-year CAGR should represent a genuine completed measurement period, not an extrapolation from a shorter history.

The latest displayed risk statistics included an alpha of 7.02, standard deviation of 5.41, beta of 0.78 and Sharpe ratio of 0.58, although these should also be read in the context of the scheme's shorter performance history.

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