Mirae Asset Midcap Fund – Direct Growth

Equity · Mid Cap
 · ★★★
₹ 1,000
Min SIP
₹ 5,000
Min Lumpsum
0.5 %
Expense Ratio
★★★
Rating
11,359
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 18 August 2023 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 17% 32.3% - 27.2%
Category Average 20.6% 32.2% 16.6% -

Scheme Allocation

By Holding
By Sector
By Asset
3.54%
3.27%
2.6%
2.57%
Others
85.25%
View all Holdings
Holdings Sector Instrument Asset
Federal Bank Banks Equity 3.54%
Bharat Forge Castings, Forgings & Fastners Equity 3.27%
Shriram Finance Finance Equity 2.77%
Tata Comm Telecomm-Service Equity 2.6%
SKF India Bearings Equity 2.57%
Lupin Pharmaceuticals Equity 2.55%
Power Fin.Corpn. Finance Equity 2.51%
NTPC Power Generation & Distribution Equity 2.4%
Bata India Leather Equity 2.38%
Axis Bank Banks Equity 2.28%
Thermax Capital Goods-Non Electrical Equipment Equity 2.24%
Crompton Gr. Con Consumer Durables Equity 2.24%
Max Financial Finance Equity 2.18%
St Bk of India Banks Equity 2.16%
Delhivery Logistics Equity 2.15%
LTIMindtree IT - Software Equity 2.03%
Coforge IT - Software Equity 1.99%
Fortis Health. Healthcare Equity 1.99%
Kajaria Ceramics Ceramic Products Equity 1.9%
Bayer Crop Sci. Agro Chemicals Equity 1.83%
J K Cements Cement Equity 1.76%
Guj.St.Petronet Gas Distribution Equity 1.73%
Indraprastha Gas Gas Distribution Equity 1.73%
Honeywell Auto Electronics Equity 1.68%
CEAT Tyres Equity 1.64%
TVS Motor Co. Automobile Equity 1.54%
Jindal Steel Steel Equity 1.5%
PB Fintech. IT - Software Equity 1.5%
Emami FMCG Equity 1.48%
Indian Bank Banks Equity 1.46%
Container Corpn. Logistics Equity 1.45%
Natco Pharma Pharmaceuticals Equity 1.41%
Atul Chemicals Equity 1.41%
Prestige Estates Realty Equity 1.31%
Prince Pipes Plastic products Equity 1.25%
FSN E-Commerce E-Commerce/App based Aggregator Equity 1.21%
Biocon Pharmaceuticals Equity 1.15%
Ipca Labs. Pharmaceuticals Equity 1.15%
HDFC AMC Finance Equity 1.11%
Bharat Electron Electronics Equity 1.1%
Century Plyboard Miscellaneous Equity 1.1%
Laurus Labs Pharmaceuticals Equity 1.08%
LIC Housing Fin. Finance Equity 1.03%
Page Industries Readymade Garments/ Apparells Equity 1.01%
Nuvoco Vistas Cement Equity 1.01%
Westlife Food Quick Service Restaurant Equity 1%
Indian Hotels Co Hotels & Restaurants Equity 0.98%
Craftsman Auto Auto Ancillaries Equity 0.98%
Krishna Institu. Healthcare Equity 0.97%
Sona BLW Precis. Auto Ancillaries Equity 0.92%
Dixon Technolog. Consumer Durables Equity 0.88%
NMDC Mining & Mineral products Equity 0.87%
Voltas Consumer Durables Equity 0.81%
Ashok Leyland Automobile Equity 0.81%
Trent Retail Equity 0.76%
Star Health Insu Insurance Equity 0.76%
Sudarshan Chem. Chemicals Equity 0.75%
Motherson Wiring Auto Ancillaries Equity 0.72%
Chemplast Sanmar Chemicals Equity 0.71%
Ajanta Pharma Pharmaceuticals Equity 0.71%
Mphasis IT - Software Equity 0.71%
UTI AMC Finance Equity 0.69%
Utkarsh Small F. Banks Equity 0.52%
Tega Inds. Engineering Equity 0.29%
JK Paper Paper Equity 0.24%
Banks
9.95%
Consumer Durables
9.31%
Pharmaceuticals & Biotech
8.05%
Industrial Products
7.09%
Finance
6.32%
Others
59.27%
View all Sectors
Sectors Asset
Banks 9.95%
Consumer Durables 9.31%
Pharmaceuticals & Biotech 8.05%
Industrial Products 7.09%
Finance 6.32%
IT-Software 4.73%
Auto Components 4.26%
Transport Services 3.6%
Gas 3.45%
Debt 3.14%
Healthcare Services 2.97%
Insurance 2.94%
Chemicals & Petrochemical 2.88%
Cement & Cement Products 2.77%
Telecom-Services 2.6%
Power 2.4%
Electrical Equipments 2.24%
Leisure Services 1.98%
Retailing 1.97%
Industrial Manufacturing 1.97%
Fertilisers & Agrochemica 1.83%
Capital Markets 1.79%
Automobiles 1.54%
Ferrous Metals 1.5%
Financial Technology (Fin 1.5%
Personal Products 1.48%
Realty 1.31%
Aerospace & Defense 1.1%
Textiles & Apparels 1.01%
Minerals & Mining 0.87%
Agricultural, Commercial 0.81%
Cash & Others 0.41%
Paper, Forest & Jute Prod 0.24%
Equity
96.45%
Reverse Repos
3.14%
Net Curr Ass/Net Receivables
0.41%

Advance Ratio

0.32
Alpha
4.32
SD
0.87
Beta
0.54
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:
1,24,824 Cr
Address:
Unit 606,6th Flr,Windsor Off. CST Road,Kalina, Santacruz(E),Mumbai-400098
Contact:
022-67800300
Email ID:
customercare@miraeasset.com

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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 ₹26.5 as of 18 August 2023.

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 ₹1000

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. Banks - 9.95%
  2. Consumer Durables - 9.31%
  3. Pharmaceuticals & Biotech - 8.05%
  4. Industrial Products - 7.09%
  5. Finance - 6.32%

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 27.2% 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 0.5 % as of 18 August 2023.

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

The AUM of Mirae Asset Midcap Fund – Direct Growth is ₹1,24,824 Cr as of 18 August 2023

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 - 3.54%
  2. Bharat Forge - 3.27%
  3. Shriram Finance - 2.77%
  4. Tata Comm - 2.6%
  5. SKF India - 2.57%

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.
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