Mirae Asset Midcap Fund – Direct Growth

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

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.