Mirae Asset Midcap Fund Direct Growth

Fund Overview

Fund Size

₹17,561 Cr

Expense Ratio

0.57%

ISIN

INF769K01FA9

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

29 Jul 2019

About this fund

Mirae Asset Midcap Fund Direct Growth is a Mid-Cap mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 5 years, 1 months and 22 days, having been launched on 29-Jul-19.
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹39.46, Assets Under Management (AUM) of 17560.99 Crores, and an expense ratio of 0.57%.

Mirae Asset Midcap Fund Direct Growth has given a CAGR return of 30.58% since inception.
The fund's asset allocation comprises around 98.56% in equities, 0.00% in debts, and 1.44% in cash & cash equivalents.
You can start investing in Mirae Asset Midcap Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+39.83%

+47.90% (Cat Avg.)

3 Years

+22.71%

+24.00% (Cat Avg.)

5 Years

+31.81%

+29.98% (Cat Avg.)

Since Inception

+30.58%

— (Cat Avg.)

Portfolio Summaryas of 31st August 2024

Equity	₹17,307.41 Cr	98.56%
Others	₹253.58 Cr	1.44%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Delhivery Ltd	Equity	₹490.65 Cr	2.79%
Indian Bank	Equity	₹446.37 Cr	2.54%
The Federal Bank Ltd	Equity	₹430.3 Cr	2.45%
Cummins India Ltd	Equity	₹419.42 Cr	2.39%
FSN E-Commerce Ventures Ltd	Equity	₹410.66 Cr	2.34%
Axis Bank Ltd	Equity	₹402.8 Cr	2.29%
Indus Towers Ltd Ordinary Shares	Equity	₹402.22 Cr	2.29%
Tata Communications Ltd	Equity	₹396.39 Cr	2.26%
Oracle Financial Services Software Ltd	Equity	₹394.17 Cr	2.24%
Gland Pharma Ltd	Equity	₹388.64 Cr	2.21%
Prestige Estates Projects Ltd	Equity	₹366.53 Cr	2.09%
Aurobindo Pharma Ltd	Equity	₹365.69 Cr	2.08%
Mphasis Ltd	Equity	₹362.15 Cr	2.06%
Motherson Sumi Wiring India Ltd	Equity	₹349.39 Cr	1.99%
Lupin Ltd	Equity	₹346.37 Cr	1.97%
Page Industries Ltd	Equity	₹337.1 Cr	1.92%
LIC Housing Finance Ltd	Equity	₹291.14 Cr	1.66%
Go Digit General Insurance Ltd	Equity	₹289.76 Cr	1.65%
ACC Ltd	Equity	₹289.06 Cr	1.65%
Schaeffler India Ltd	Equity	₹288.92 Cr	1.65%
Fortis Healthcare Ltd	Equity	₹271.05 Cr	1.54%
Vedanta Ltd	Equity	₹260.31 Cr	1.48%
Honeywell Automation India Ltd	Equity	₹255.05 Cr	1.45%
Ceat Ltd	Equity	₹254.61 Cr	1.45%
HDFC Asset Management Co Ltd	Equity	₹251.72 Cr	1.43%
PB Fintech Ltd	Equity	₹249.54 Cr	1.42%
Bharat Forge Ltd	Equity	₹248.42 Cr	1.41%
SKF India Ltd	Equity	₹247.88 Cr	1.41%
Apollo Tyres Ltd	Equity	₹243.96 Cr	1.39%
Mahindra & Mahindra Financial Services Ltd	Equity	₹239.85 Cr	1.37%
Container Corporation of India Ltd	Equity	₹231.54 Cr	1.32%
Bata India Ltd	Equity	₹230.65 Cr	1.31%
K.P.R. Mill Ltd	Equity	₹224.08 Cr	1.28%
Voltas Ltd	Equity	₹221.31 Cr	1.26%
Tata Power Co Ltd	Equity	₹219.7 Cr	1.25%
Whirlpool of India Ltd	Equity	₹215.25 Cr	1.23%
Treps	Cash - Repurchase Agreement	₹214.35 Cr	1.22%
One97 Communications Ltd	Equity	₹214.23 Cr	1.22%
HDFC Bank Ltd	Equity	₹211.22 Cr	1.20%
Jyothy Labs Ltd	Equity	₹211.2 Cr	1.20%
Hindustan Petroleum Corp Ltd	Equity	₹209.08 Cr	1.19%
Tata Steel Ltd	Equity	₹208.78 Cr	1.19%
Sona BLW Precision Forgings Ltd	Equity	₹190.45 Cr	1.08%
Gujarat State Petronet Ltd	Equity	₹189.85 Cr	1.08%
Crompton Greaves Consumer Electricals Ltd	Equity	₹186.87 Cr	1.06%
Laurus Labs Ltd	Equity	₹185.11 Cr	1.05%
Kajaria Ceramics Ltd	Equity	₹176.48 Cr	1.00%
Bayer CropScience Ltd	Equity	₹175.14 Cr	1.00%
JK Cement Ltd	Equity	₹174.96 Cr	1.00%
Dalmia Bharat Ltd	Equity	₹173.71 Cr	0.99%
Ola Electric Mobility Ltd	Equity	₹169.63 Cr	0.97%
Craftsman Automation Ltd	Equity	₹167.89 Cr	0.96%
Alkem Laboratories Ltd	Equity	₹163.67 Cr	0.93%
Vijaya Diagnostic Centre Ltd	Equity	₹161.43 Cr	0.92%
Sobha Ltd	Equity	₹160.98 Cr	0.92%
SRF Ltd	Equity	₹160.91 Cr	0.92%
Coforge Ltd	Equity	₹154.16 Cr	0.88%
Glenmark Pharmaceuticals Ltd	Equity	₹152.99 Cr	0.87%
Century Plyboards (India) Ltd	Equity	₹149.99 Cr	0.85%
Deepak Nitrite Ltd	Equity	₹149 Cr	0.85%
Berger Paints India Ltd	Equity	₹142.47 Cr	0.81%
TeamLease Services Ltd	Equity	₹135.59 Cr	0.77%
L&T Finance Ltd	Equity	₹134.09 Cr	0.76%
Cyient Ltd	Equity	₹132.32 Cr	0.75%
Campus Activewear Ltd	Equity	₹130.91 Cr	0.75%
Sudarshan Chemical Industries Ltd	Equity	₹129.27 Cr	0.74%
Prince Pipes And Fittings Ltd Ordinary Shares	Equity	₹127.61 Cr	0.73%
Max Financial Services Ltd	Equity	₹117.24 Cr	0.67%
Indraprastha Gas Ltd	Equity	₹109.33 Cr	0.62%
Utkarsh Small Finance Bank Ltd	Equity	₹108.56 Cr	0.62%
Oil India Ltd	Equity	₹103.74 Cr	0.59%
Ipca Laboratories Ltd	Equity	₹102.25 Cr	0.58%
Dr Reddy's Laboratories Ltd	Equity	₹86.31 Cr	0.49%
Ashok Leyland Ltd	Equity	₹84.1 Cr	0.48%
AIA Engineering Ltd	Equity	₹76.36 Cr	0.43%
NRB Bearings Ltd	Equity	₹67.92 Cr	0.39%
Navin Fluorine International Ltd	Equity	₹49.55 Cr	0.28%
Tega Industries Ltd	Equity	₹39.4 Cr	0.22%
Net Receivables / (Payables)	Cash	₹39.23 Cr	0.22%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Consumer Cyclical	₹3,716.71 Cr	21.16%
Financial Services	₹3,172.59 Cr	18.07%
Industrials	₹2,637.71 Cr	15.02%
Healthcare	₹2,223.52 Cr	12.66%
Basic Materials	₹2,063.15 Cr	11.75%
Technology	₹1,124.72 Cr	6.40%
Communication Services	₹798.61 Cr	4.55%
Real Estate	₹527.51 Cr	3.00%
Utilities	₹518.89 Cr	2.95%
Energy	₹312.82 Cr	1.78%
Consumer Defensive	₹211.2 Cr	1.20%

Risk & Performance Ratios

Fund Managers

Ankit Jain

Since July 2019

Additional Scheme Detailsas of 31st August 2024

ISIN

INF769K01FA9

Expense Ratio

0.57%

Exit Load

1.00%

Fund Size

₹17,561 Cr

Age

29 Jul 2019

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty Midcap 150 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
Holding the units: No tax is applicable as long as you continue to hold the units.

Dividend Taxation:

Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Mid-Cap Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bandhan Midcap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1509.96 Cr	50.1%
Bandhan Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹1509.96 Cr	52.5%
Motilal Oswal Midcap Fund Regular Growth Very High Risk	1.6%	1.0%	₹15940.06 Cr	66.1%
HDFC NIFTY Midcap 150 ETF Very High Risk	0.2%	-	₹15.15 Cr	-
Mirae Asset Midcap Fund Regular Growth Very High Risk	1.6%	1.0%	₹17560.99 Cr	38.3%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹17560.99 Cr	39.8%
Axis Midcap Fund Regular Growth Very High Risk	1.6%	1.0%	₹31321.58 Cr	45.4%
Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹3292.76 Cr	53.5%
Mahindra Manulife Mid Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹3292.76 Cr	51.2%
Tata Mid Cap Growth Fund Regular Growth Very High Risk	1.9%	1.0%	₹4514.03 Cr	45.1%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

https://www.miraeassetmf.co.in/

Total AUM

₹1,93,693 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹1638.35 Cr	-
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹4233.21 Cr	45.7%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹12648.37 Cr	7.5%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹40204.84 Cr	34.5%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹41592.92 Cr	28.4%
Mirae Asset Savings Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1409.40 Cr	7.8%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹422.50 Cr	7.8%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹8413.24 Cr	26.0%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹147.64 Cr	7.9%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹1474.85 Cr	45.5%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹9380.60 Cr	28.2%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹878.74 Cr	34.9%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹108.36 Cr	30.4%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹531.46 Cr	31.3%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹807.09 Cr	8.3%
Mirae Asset Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1343.37 Cr	7.8%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2273.73 Cr	32.0%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1821.94 Cr	23.5%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹3345.49 Cr	36.6%
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹116.91 Cr	50.3%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹26041.77 Cr	35.1%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹78.60 Cr	8.7%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹42.38 Cr	8.0%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹66.94 Cr	-8.2%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1279.19 Cr	18.3%
Mirae Asset Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹58.02 Cr	8.0%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹312.14 Cr	26.7%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	2.0%	1.0%	₹62.90 Cr	-12.6%
Mirae Asset Overnight Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1247.29 Cr	6.8%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹339.54 Cr	8.2%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹244.78 Cr	9.8%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹89.19 Cr	7.7%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2758.76 Cr	50.9%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹2560.20 Cr	8.3%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹17560.99 Cr	39.8%
Mirae Asset Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹1734.82 Cr	21.6%

Risk Level

Your principal amount will be at Very High Risk

Still got questions?
We're here to help.

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

The NAV of Mirae Asset Midcap Fund Direct Growth, as of 19-Sep-2024, is ₹39.46.

What are the returns of Mirae Asset Midcap Fund Direct Growth?

The fund has generated 39.83% over the last 1 year and 22.71% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Mirae Asset Midcap Fund Direct Growth?

The fund's allocation of assets is distributed as 98.56% in equities, 0.00% in bonds, and 1.44% in cash and cash equivalents.

Who manages the Mirae Asset Midcap Fund Direct Growth?

The fund managers responsible for Mirae Asset Midcap Fund Direct Growth are:-

Ankit Jain

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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