|Coforge||IT - Software||Equity||2.78%|
|Bharat Forge||Castings, Forgings & Fastners||Equity||2.77%|
|NTPC||Power Generation & Distribution||Equity||2.6%|
|Crompton Gr. Con||Consumer Durables||Equity||2.25%|
|Bayer Crop Sci.||Agro Chemicals||Equity||2.05%|
|St Bk of India||Banks||Equity||2.03%|
|NMDC||Mining & Mineral products||Equity||1.95%|
|LTIMindtree||IT - Software||Equity||1.94%|
|FSN E-Commerce||E-Commerce/App based Aggregator||Equity||1.87%|
|PB Fintech.||IT - Software||Equity||1.83%|
|LIC Housing Fin.||Finance||Equity||1.78%|
|J K Cements||Cement||Equity||1.73%|
|Kajaria Ceramics||Ceramic Products||Equity||1.65%|
|Thermax||Capital Goods-Non Electrical Equipment||Equity||1.62%|
|Page Industries||Readymade Garments/ Apparells||Equity||1.42%|
|Indraprastha Gas||Gas Distribution||Equity||1.25%|
|Prince Pipes||Plastic products||Equity||1.17%|
|Sona BLW Precis.||Auto Ancillaries||Equity||1.1%|
|Motherson Wiring||Auto Ancillaries||Equity||1.09%|
|TVS Motor Co.||Automobile||Equity||1.03%|
|Dixon Technolog.||Consumer Durables||Equity||0.89%|
|Mphasis||IT - Software||Equity||0.82%|
|Craftsman Auto||Auto Ancillaries||Equity||0.81%|
|Star Health Insu||Insurance||Equity||0.79%|
|Utkarsh Small F.||Banks||Equity||0.78%|
|Indian Hotels Co||Hotels & Restaurants||Equity||0.75%|
|Team Lease Serv.||Miscellaneous||Equity||0.74%|
|Westlife Food||Quick Service Restaurant||Equity||0.4%|
|Cement & Cement Products||3.07%|
|Textiles & Apparels||1.19%|
|Minerals & Mining||0.97%|
|Aerospace & Defense||0.78%|
|Cash & Others||-0.74%|
|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).|
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
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 funds 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.
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.
- Fund Name
- Fund Size
- 3Y Returns
- Nippon India Growth Fund – Direct Growth
38.3%Fund Size - 19,081
32.4%Fund Size - 19,081
25.3%Fund Size - 19,081
- SBI Magnum Midcap Fund – Direct Growth
27.9%Fund Size - 13,202
29.4%Fund Size - 13,202
23.7%Fund Size - 13,202
- Kotak Emerging Equity Fund – Direct Growth
26.1%Fund Size - 33,699
27.8%Fund Size - 33,699
23.8%Fund Size - 33,699
- Sundaram Mid Cap Fund – Direct Growth
32.7%Fund Size - 8,477
27.7%Fund Size - 8,477
19.1%Fund Size - 8,477
- Tata Mid Cap Growth Fund – Direct Growth
35.8%Fund Size - 2,521
27.6%Fund Size - 2,521
23.5%Fund Size - 2,521
AMC Contact Details
Frequently Asked Questions
How to invest in Mirae Asset Midcap Fund – Direct Growth ?
- 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 ?
How to redeem Mirae Asset Midcap Fund – Direct Growth holding ?
What is the minimum sip amount of Mirae Asset Midcap Fund – Direct Growth?
What are the top sectors Mirae Asset Midcap Fund – Direct Growth has invested in?
- Banks - 9.99%
- Consumer Durables - 9.11%
- Industrial Products - 7.11%
- Finance - 6.03%
- IT-Software - 5.15%
Can I make investments in both the SIP and Lump Sum schemes of Mirae Asset Midcap Fund – Direct Growth?
How much returns have Mirae Asset Midcap Fund – Direct Growth generated ?
What is the expense ratio of Mirae Asset Midcap Fund – Direct Growth ?
What is the AUM of Mirae Asset Midcap Fund – Direct Growth?
What are the top stock holdings of Mirae Asset Midcap Fund – Direct Growth?
How can I redeem my investments in Mirae Asset Midcap Fund – Direct Growth?
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.