Overview
Mirae Asset Midcap Fund Direct Growth
Mirae Asset Mutual Fund
The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of midcap companies. From time to time, the fund manager may also participate in other Indian equities and equity related securities for optimal portfolio construction.
Investments in Mirae Asset Midcap Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 34.957
Fund Size (AUM)
₹14921.59 Cr
Risk
Moderately High (Risk rating: 4/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹99
Launch Date
29-Jul-2019
Expense Ratio
0.69%
Exit Load
Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 years.
Benchmark
NIFTY Midcap 150 Total Return Index
Standard Deviation
17.06
History
Performance & Ratios
1-Year SIP Return
-11.6%
3-Year SIP Return
15.14%
5-Year SIP Return
20.4%
Mean Return
33.49%
Alpha
-2.99
Beta
0.97
Sharpe Ratio
0.62
Sortino Ratio
0.94
Information Ratio
-1.0
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 6.36% | 16.87% | 31.78% | 39.05% |
| Category Average | 9.96% | 18.68% | 30.26% | N/A |
| Rank Within Category | 38 | 26 | 14 | N/A |
Holdings (76)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| The Federal Bank Ltd. | Financial | Equity | 3.15% |
| Lupin Ltd. | Healthcare | Equity | 3.02% |
| Mphasis Ltd. | Technology | Equity | 2.66% |
| One97 Communications Ltd. | Services | Equity | 2.36% |
| Tata Communications Ltd. | Communication | Equity | 2.32% |
| Axis Bank Ltd. | Financial | Equity | 2.3% |
| Voltas Ltd. | Consumer Discretionary | Equity | 2.26% |
| L&T Finance Ltd. | Financial | Equity | 2.17% |
| HDFC Asset Management Company Ltd. | Financial | Equity | 2.15% |
| FSN E-Commerce Ventures Ltd. | Services | Equity | 2.07% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Motilal Oswal Midcap Fund Direct Growth | 26028.34 | 15.32 | 27.2 | 0.63 | N/A |
| HDFC Mid Cap Opportunities Fund Direct Growth | 72610.08 | 12.09 | 24.42 | 0.89 | N/A |
| Nippon India Growth Fund Direct Growth | 33174.74 | 16.36 | 24.03 | 0.74 | N/A |
| Kotak Emerging Equity Fund Direct Growth | 48128.71 | 14.62 | 19.26 | 0.46 | N/A |
| SBI Magnum Mid Cap Direct Plan Growth | 20890.26 | 10.35 | 17.97 | 0.83 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 99
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 10, 15, 21, 28
Min Amount: ₹ 1000
Min Installments: 5
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 10, 15, 21, 28
Min Amount: ₹ 1000
Min Installments: 5
AMC Details
Asset Management Company
Mirae Asset Mutual Fund
Mirae Asset Mutual Fund started their mutual fund on 30/11/2007 and its managing total assets of ₹11,044 Cr. Its ranked at 22 as per total assets at end of 30th Sep 2017. Mirae Asset Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Mirae Asset is a global financial company which is present across 12 countries and 5 continents. The company was founded in 1997 and since then pioneered to become a global presence.
Mirae believes that they are the best investment choice because of their strong investment philosophy, and niche to understand comparative advantage of various companies to make a sustainable and long- lasting decision for investors. They always believe in investing with a long term goal to sustainability in the market.
They believe in assessing risk in a way that it ultimately optimizes returns of investors. They constantly monitor the valuation, liquidity and corporate governance so that any risk can be mitigated. As a global brand it has obtained the trust of investors and has made a mark for itself in the mutual fund industry.
Launch Date
2007-11-30T00:00:00.444Z
Total AUM
₹ 183685.26 Cr
Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
Compare with Another Fund
Mirae Asset Midcap Fund Direct Growth
Mirae Asset Mutual Fund
You May Be Interested In
Axis Growth Opportunities Fund Direct Growth
Large & MidCap
SBI Focused Equity Fund Direct Plan Growth
Flexi Cap
HDFC Infrastructure Fund Direct Growth
Sectoral
Franklin India NSE Nifty 50 Index Direct Growth
Large Cap
DSP Small Cap Direct Plan Growth
Small Cap
Tata Infrastructure Direct Plan Growth
Sectoral
ICICI Prudential BSE Sensex Index Fund Direct Growth
Large Cap
ICICI Prudential Nifty Smallcap 250 Index Fund Direct Growth
Small Cap
Motilal Oswal Nifty Bank Index Fund Direct Growth
Sectoral
Aditya Birla Sun Life Pharma & Healthcare Fund Direct Growth
Sectoral
Explore More Mutual Funds
Hybrid Mutual Funds - Top Hybrid Funds
Find top hybrid mutual funds for balanced growth. Filter by NAV, fund size, and risk to choose the best hybrid funds.
Commodities Mutual Funds
Explore commodities mutual funds for diversification. Filter by NAV and fund size to find the best commodity funds.
ELSS Mutual Funds - Top Tax-Saving Funds
Discover top ELSS mutual funds for tax savings and growth. Filter by NAV, fund size, and AMC to find the best ELSS funds.
Large Cap Equity Funds
Find top large cap equity funds. Filter by AMC, NAV, and fund size to choose the best funds.
Small Cap Equity Funds
Find top small cap equity funds. Filter by AMC, NAV, and fund size to choose the best funds.
Multi Cap Equity Funds
Find top multi cap equity funds. Filter by AMC, NAV, and fund size to choose the best funds.
Flexi Cap Equity Funds
Find top flexi cap equity funds. Filter by AMC, NAV, and fund size to choose the best funds.
Liquid Debt Funds
Find top liquid debt funds. Filter by AMC, NAV, and fund size to choose the best funds.
Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Mirae Asset Midcap Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Mirae Asset Midcap Fund Direct Growth?
The top stocks held by Mirae Asset Midcap Fund Direct Growth include The Federal Bank Ltd., Lupin Ltd., Mphasis Ltd..
Which industries does Mirae Asset Midcap Fund Direct Growth invest in?
Mirae Asset Midcap Fund Direct Growth primarily invests in the following industries: Financial, Healthcare, Technology.
Who is the fund manager of Mirae Asset Midcap Fund Direct Growth?
The fund manager of Mirae Asset Midcap Fund Direct Growth is Ankit Jain.
How many years has the fund manager been managing Mirae Asset Midcap Fund Direct Growth?
Ankit Jain: Calculating...
What is the minimum investment for Mirae Asset Midcap Fund Direct Growth?
The minimum investment for Mirae Asset Midcap Fund Direct Growth is ₹5000 for lumpsum investments and ₹99 for SIPs.
What are the average 1-year returns for Mirae Asset Midcap Fund Direct Growth?
Calculating...
What are the average 3-year returns for Mirae Asset Midcap Fund Direct Growth?
Calculating...
What is the expense ratio of Mirae Asset Midcap Fund Direct Growth, and how does it compare to its category?
The expense ratio of Mirae Asset Midcap Fund Direct Growth is 0.69%. The average expense ratio for similar funds in the Equity is Calculating....