Mirae Asset Midcap Fund – Direct Growth

Equity · Mid Cap
 · ★★★
₹ 500
Min SIP
₹ 5,000
Min Lumpsum
0.57 %
Expense Ratio
★★★
Rating
14,251
Fund Size (in Cr)
5 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 3 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 15 April 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 52.1% 27.1% - 29.2%
Category Average 57.1% 28.2% 24% -

Scheme Allocation

By Holding
By Sector
By Asset
3.55%
2.65%
2.59%
2.55%
Others
85.86%
View all Holdings
Holdings Sector Instrument Asset
Federal Bank Banks Equity 3.55%
Prestige Estates Realty Equity 2.81%
Delhivery Logistics Equity 2.65%
Tata Comm Telecomm-Service Equity 2.59%
Indian Bank Banks Equity 2.55%
HDFC AMC Finance Equity 2.54%
Lupin Pharmaceuticals Equity 2.4%
NTPC Power Generation & Distribution Equity 2.34%
LIC Housing Fin. Finance Equity 2.29%
Fortis Health. Healthcare Equity 2.29%
Guj.St.Petronet Gas Distribution Equity 2.2%
Axis Bank Banks Equity 2.2%
Max Financial Finance Equity 2.13%
Bharat Forge Castings, Forgings & Fastners Equity 2.11%
FSN E-Commerce E-Commerce/App based Aggregator Equity 2.09%
Container Corpn. Logistics Equity 2.05%
Aurobindo Pharma Pharmaceuticals Equity 1.99%
Thermax Capital Goods-Non Electrical Equipment Equity 1.91%
Crompton Gr. Con Consumer Durables Equity 1.9%
Bayer Crop Sci. Agro Chemicals Equity 1.88%
Gland Pharma Pharmaceuticals Equity 1.88%
Motherson Wiring Auto Ancillaries Equity 1.8%
Coforge IT - Software Equity 1.76%
ACC Cement Equity 1.71%
J K Cements Cement Equity 1.68%
CEAT Tyres Equity 1.65%
Bata India Leather Equity 1.65%
HDFC Bank Banks Equity 1.55%
Page Industries Readymade Garments/ Apparells Equity 1.35%
NMDC Mining & Mineral products Equity 1.31%
PB Fintech. IT - Software Equity 1.28%
Indraprastha Gas Gas Distribution Equity 1.24%
SKF India Bearings Equity 1.24%
Schaeffler India Bearings Equity 1.22%
Oracle Fin.Serv. IT - Software Equity 1.14%
Laurus Labs Pharmaceuticals Equity 1.13%
Power Fin.Corpn. Finance Equity 1.13%
Sona BLW Precis. Auto Ancillaries Equity 1.1%
Dixon Technolog. Consumer Durables Equity 1.09%
Shriram Finance Finance Equity 1.08%
Natco Pharma Pharmaceuticals Equity 1%
Ipca Labs. Pharmaceuticals Equity 0.97%
AIA Engineering Castings, Forgings & Fastners Equity 0.95%
Voltas Consumer Durables Equity 0.95%
Mphasis IT - Software Equity 0.92%
Honeywell Auto Electronics Equity 0.91%
Dalmia BharatLtd Cement Equity 0.86%
Century Plyboard Plywood Boards/Laminates Equity 0.85%
Team Lease Serv. Miscellaneous Equity 0.85%
Prince Pipes Plastic products Equity 0.84%
Cummins India Capital Goods-Non Electrical Equipment Equity 0.83%
Kajaria Ceramics Ceramic Products Equity 0.82%
Navin Fluo.Intl. Chemicals Equity 0.8%
Ajanta Pharma Pharmaceuticals Equity 0.8%
Craftsman Auto Auto Ancillaries Equity 0.76%
Vijaya Diagnost. Healthcare Equity 0.75%
NHPC Ltd Power Generation & Distribution Equity 0.74%
H P C L Refineries Equity 0.72%
One 97 E-Commerce/App based Aggregator Equity 0.71%
Sudarshan Chem. Chemicals Equity 0.7%
Utkarsh Small F. Banks Equity 0.69%
Atul Chemicals Equity 0.67%
Star Health Insu Insurance Equity 0.67%
Chemplast Sanmar Chemicals Equity 0.66%
Emami FMCG Equity 0.63%
LTIMindtree IT - Software Equity 0.63%
Alkem Lab Pharmaceuticals Equity 0.59%
Indus Towers Telecomm Equipment & Infra Services Equity 0.53%
Tega Inds. Engineering Equity 0.49%
Campus Activewe. Leather Equity 0.49%
Electronics Mart Retail Equity 0.46%
NRB Bearings Bearings Equity 0.4%
Data Pattern Aerospace & Defence Equity 0.28%
Pharmaceuticals & Biotech
10.74%
Banks
10.22%
Consumer Durables
7.94%
Auto Components
6.44%
Industrial Products
5.09%
Others
59.57%
View all Sectors
Sectors Asset
Pharmaceuticals & Biotech 10.74%
Banks 10.22%
Consumer Durables 7.94%
Auto Components 6.44%
Industrial Products 5.09%
Transport Services 4.81%
Finance 4.8%
IT-Software 4.52%
Cement & Cement Products 4.36%
Gas 3.44%
Telecom-Services 3.13%
Financial Technology (Fin 3.05%
Power 3.01%
Debt 2.98%
Chemicals & Petrochemical 2.87%
Healthcare Services 2.76%
Insurance 2.69%
Capital Markets 2.49%
Realty 2.43%
Retailing 2.32%
Electrical Equipments 2.01%
Fertilisers & Agrochemica 1.99%
Minerals & Mining 1.84%
Industrial Manufacturing 1.33%
Textiles & Apparels 1.32%
Commercial Services & Sup 0.91%
Personal Products 0.67%
Aerospace & Defense 0.28%
Cash & Others -0.46%
Equity
98.35%
Reverse Repos
1.53%
Net Curr Ass/Net Receivables
0.12%
Others
0%

Advance Ratio

0.48
Alpha
3.95
SD
0.89
Beta
1.26
Sharpe

Exit Load

Exit Load 1.00%: If units Redeemed or Switched Out within 1 year (365 days) from the date of allotment. Nil after 1 year (365 Days).

Fund Objective

The Mirae Asset Mid Cap Fund is a diversified equity scheme launched on 29th July 2019 by Mirae Asset Mutual Fund.

The scheme distributes the majority of its investments across the banking, consumer durables, pharmaceuticals & biotechnology, industrial products, finance, IT, auto components, cement, transport services, and automobiles sectors. It is managed by Ankit Jain.

The scheme’s investment objective is to achieve long-term capital appreciation by predominantly investing in equities and equity-related securities of mid-cap companies in India. The scheme aims to achieve its investment objective by selectively investing in companies with higher growth potential relative to the broader market and through ongoing portfolio management to align its holdings with prevailing market conditions.

The Mirae Asset Mid Cap Fund invests at least 65% of its assets in mid-cap companies. Mid-cap companies are those which are ranked between 101st and 250th based on market capitalisation.

Pros & Cons

Pros Cons

3-year annualised returns for the Mirae Asset Mid Cap Fund is 25.3%, above the average for its category.

Over the past 3 years, the Mirae Asset Mid Cap Fund has had a higher standard deviation and beta than the category average, making it more volatile.

The scheme has had a higher Sharpe ratio in the past 3 years compared to its category average, indicating that it has provided increased returns for each unit of additional risk.

The scheme has had a lower alpha in the past 3 years compared to its category average, indicating that it has underperformed.

Over the past 5 years, the price-to-earnings (PE) ratio of the Nifty Midcap 150 index has exhibited notable growth compared to that of the Nifty 50 index, suggesting mid-caps may offer greater long-term potential.

The scheme has an information ratio of 0.33. An information ratio less than 0.4 indicates that a scheme has not consistently generated returns significantly higher than the benchmark index relative to the amount of risk taken.

How to invest in Mirae Asset Mid Cap Fund?

5paisa makes it simple and convenient for users to invest in the Mirae Asset Mid Cap Fund Direct-Growth. The procedure is straightforward, can be finished quickly, and does not include any paperwork at any point. Invest a few minutes in carrying out the steps listed below:

What is the expense ratio of the Mirae Asset Mid Cap Fund?

When referring to the Mirae Asset Mid Cap Fund Direct-Growth or any other mutual fund, the word "Expense Ratio" refers to the fund’s annual operating expenses as a percentage of its total assets, which can impact a scheme’s returns for investors. A lower expense ratio usually means the fund is less costly and may generate higher returns for the investors.

Who should invest in Mirae Asset Mid Cap Fund?

The Mirae Asset Mid Cap Fund is suitable for investors who primarily aim for capital appreciation and want exposure to mid-cap stocks. The fund invests in a diversified portfolio of mid-cap stocks, which have the potential for higher returns than large-cap stocks and provide diversification benefits.

The scheme is a well-regarded investment option in the Mid Cap category, known for its consistent performance, cost-efficiency, and effective investment strategy. The scheme’s ability to provide good returns to investors has made it a popular choice among investors. It has a history of strong performance, consistently outperforming its benchmark, the Nifty Midcap 150 – TRI. The Fund has an impressive track record of delivering a 26.9% Compound Annual Growth Rate (CAGR) since its inception, which is a measure of the fund’s annualised growth rate over time.

The scheme is suitable for investors with a long-term investment horizon of at least 5 to 7 years and moderately high-risk appetites. However, if your investment objective is very high-risk, low-risk, or short-term, other investment options may be more suitable for you than the Mirae Asset Mid Cap Fund.

What are the benefits of investing in the Mirae Asset Mid Cap Fund?

  • The Mirae Asset Mid Cap Fund has generated a CAGR of 26.9% since its inception, outperforming its benchmark, the Nifty Midcap 150 – TRI.
  • It has demonstrated robust earnings growth over the past 3 years. This scheme’s 3-year annualised return of 25.3% is higher than the benchmark and category average.
  • The Mirae Mid Cap Fund has a better risk-adjusted performance than its category average, as indicated by its higher Sharpe and Treynor ratios.
  • Its investment strategy focuses on identifying companies with strong fundamentals, such as robust business models, sustainable competitive advantages, and high return ratios compared to their peers.
  • The scheme provides a balance between risk and growth potential, as it is less risky than small-cap funds and offers higher growth opportunities than large-cap funds.
  • Midcap stocks tend to be under-researched and priced inefficiently, providing opportunities for fund managers to find undervalued stocks with strong growth potential.

Fund Managers

Ankit Jain

Mr Ankit Jain has served as the fund manager in the Mirae Asset company since 2015. His role and responsibility entail investment planning and funds research and analysis. He has completed seven years of work experience with the overall management of 9 mutual fund schemes in the fund house. At the AMC, his area of expertise includes systematic planning, investment, research, analysis and management of the fund. He has worked with Infosys and Equirus Securities.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

Mirae Asset Mutual Fund
AUM:
1,64,467 Cr
Address:
Unit 606,6th Flr,Windsor Off. CST Road,Kalina, Santacruz(E),Mumbai-400098
Contact:
022-67800300
Email ID:
customercare@miraeasset.com

More Funds from Mirae Asset Mutual Fund

Fund Name

Mutual Funds By Category

Equity

Debt

Hybrid

equity
Large Cap Mutual Funds Large Cap Mutual Funds
Large Cap
Fund Name
Mid Cap Mutual Funds Mid Cap Mutual Funds
Mid Cap
Fund Name
Small Cap Mutual Funds Small Cap Mutual Funds
Small Cap
Fund Name
Multi Cap Funds Multi Cap Funds
Multi Cap
Fund Name
ELSS Mutual Funds ELSS Mutual Funds
ELSS
Fund Name
Dividend Yield Funds Dividend Yield Funds
Dividend Yield
Fund Name
Sectoral / Thematic Mutual Funds Sectoral / Thematic Mutual Funds
Sectoral / Thematic
Fund Name
Focused Funds Focused Funds
Focused
Fund Name
debt
Ultra Short Duration Funds Ultra Short Duration Funds
Ultra Short Duration
Fund Name
Liquid Mutual Funds Liquid Mutual Funds
Liquid
Fund Name
Gilt Mutual Funds Gilt Mutual Funds
Gilt
Fund Name
Long Duration Funds Long Duration Funds
Long Duration
Fund Name
Overnight Mutual Funds Overnight Mutual Funds
Overnight
Fund Name
Floater Mutual Funds Floater Mutual Funds
Floater
Fund Name
hybrid
Arbitrage Mutual Funds Arbitrage Mutual Funds
Arbitrage
Fund Name
Equity Savings Mutual Funds Equity Savings Mutual Funds
Equity Savings
Fund Name
Aggressive Hybrid Mutual Funds Aggressive Hybrid Mutual Funds
Aggressive Hybrid
Fund Name

Frequently Asked Questions

How to invest in Mirae Asset Midcap Fund – Direct Growth ?

You can invest in Mirae Asset Midcap Fund – Direct Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for Mirae Asset Midcap Fund – Direct Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of Mirae Asset Midcap Fund – Direct Growth ?

The NAV of Mirae Asset Midcap Fund – Direct Growth is ₹33 as of 15 April 2024.

How to redeem Mirae Asset Midcap Fund – Direct Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of Mirae Asset Midcap Fund – Direct Growth?

The minimum SIP amount of Mirae Asset Midcap Fund – Direct Growth is ₹500

What are the top sectors Mirae Asset Midcap Fund – Direct Growth has invested in?

The top sectors Mirae Asset Midcap Fund – Direct Growth has invested in are
  1. Pharmaceuticals & Biotech - 10.74%
  2. Banks - 10.22%
  3. Consumer Durables - 7.94%
  4. Auto Components - 6.44%
  5. Industrial Products - 5.09%

Can I make investments in both the SIP and Lump Sum schemes of Mirae Asset Midcap Fund – Direct Growth?

Yes, You can select both SIP or Lumpsum investment of Mirae Asset Midcap Fund – Direct Growth based on your investment objective and risk tolerance.

How much returns have Mirae Asset Midcap Fund – Direct Growth generated ?

The Mirae Asset Midcap Fund – Direct Growth has delivered 29.2% since inception

What is the expense ratio of Mirae Asset Midcap Fund – Direct Growth ?

The expense ratio of Mirae Asset Midcap Fund – Direct Growth is 0.57 % as of 15 April 2024.

What is the AUM of Mirae Asset Midcap Fund – Direct Growth?

The AUM of Mirae Asset Midcap Fund – Direct Growth is ₹1,64,467 Cr as of 15 April 2024

What are the top stock holdings of Mirae Asset Midcap Fund – Direct Growth?

The top stock holdings of Mirae Asset Midcap Fund – Direct Growth are
  1. Federal Bank - 3.55%
  2. Prestige Estates - 2.81%
  3. Delhivery - 2.65%
  4. Tata Comm - 2.59%
  5. Indian Bank - 2.55%

How can I redeem my investments in Mirae Asset Midcap Fund – Direct Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select Mirae Asset Midcap Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.
Invest Now