Mirae Asset Small Cap Fund Direct Growth NAV at ₹12.58 on 1 October; 1-Year Return at 9.54%

Key Takeaways:

• Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹12.58 on 1 October 2026 after declining 0.94%. 
• The latest one-year return stood at 9.54%; valid three-year and five-year CAGRs are not yet available. 
• Fund size stood at 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%. 

Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹12.58 on 1 October 2026, declining 0.94% from the previous valuation. The scheme operates within the small-cap category, but its relatively short history distinguishes it from most other funds in this batch. The latest profile showed a fund age of only one year. 

The one-year return stood at 9.54%. A valid three-year or five-year CAGR is not available because the scheme has not completed those periods. Those longer returns should therefore not be estimated from the since-inception number or extrapolated from the available one-year history. The maximum return displayed on the scheme page stood at 14.78, but it represents a different measurement framework from a completed three- or five-year CAGR. 

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 purchase stood at ₹5,000. The ₹99 SIP threshold was lower than the ₹100 minimum used by several other schemes in the fixed 20-fund set. 

Welspun Corp was the largest listed equity holding at 2.77%. TREPS represented 2.37%, Karur Vysya Bank 2.33%, Kirloskar Oil Engines 2.24% and Dr Lal PathLabs 2.18%. Those five disclosed entries together accounted for 11.89%. Historical beta stood at 0.78, while the Sharpe ratio was 0.71. Because the scheme has a relatively short operating record, these risk statistics also reflect a more limited historical observation period than older funds. 

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