Mirae Asset Small Cap Fund Direct Growth NAV at ₹12.70 on 30 September; 1-Year Return at 11.29%

Key Takeaways:

• Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹12.70 on 30 September 2026, with a 0.02% daily increase. 
• The latest one-year return stood at 11.29%; valid three-year and five-year CAGRs are not yet available because the scheme has not completed those periods. 
• The scheme managed approximately ₹5,717 crore and carried a Direct Growth expense ratio of 0.67%. 
• Welspun Corp was the largest listed equity position at 2.77%, while TREPS represented 2.37%. 

Mirae Asset Small Cap Fund Direct Growth recorded a NAV of ₹12.70 on 30 September 2026, edging higher by 0.02%. The movement was marginal, leaving the NAV effectively little changed over the valuation day. The fund belongs to the small-cap category, but its relatively short operating history distinguishes it from most other small-cap schemes in the current daily set. 

The latest one-year return stood at 11.29%. The scheme had a fund age of one year in the retrieved profile, which means valid three-year and five-year CAGR figures are not yet available. Those longer periods should not be estimated from its since-inception return or extrapolated from the available one-year performance. 

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 was slightly below the ₹100 minimum seen across several other schemes in this batch. 

Welspun Corp accounted for 2.77% and was the largest listed equity position. TREPS represented 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 beta was 0.78 and the Sharpe ratio 0.71, although the scheme's shorter operating record should be considered when reading historical risk statistics. 

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