Mirae Asset Midcap Fund Direct Growth

Fund Overview

Fund Size

₹16,337 Cr

Expense Ratio

0.59%

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 and 11 months, having been launched on 29-Jul-19.
As of 27-Jun-25, it has a Net Asset Value (NAV) of ₹39.17, Assets Under Management (AUM) of 16336.65 Crores, and an expense ratio of 0.59%.

Mirae Asset Midcap Fund Direct Growth has given a CAGR return of 25.97% since inception.
The fund's asset allocation comprises around 99.45% in equities, 0.00% in debts, and 0.55% 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

+5.69%

+4.11% (Cat Avg.)

3 Years

+25.86%

+27.62% (Cat Avg.)

5 Years

+31.00%

+29.34% (Cat Avg.)

Since Inception

+25.97%

— (Cat Avg.)

Portfolio Summaryas of 31st May 2025

Equity	₹16,247.06 Cr	99.45%
Others	₹89.59 Cr	0.55%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Lupin Ltd	Equity	₹492.58 Cr	3.02%
Mphasis Ltd	Equity	₹442.17 Cr	2.71%
Tata Communications Ltd	Equity	₹413.33 Cr	2.53%
Delhivery Ltd	Equity	₹404.6 Cr	2.48%
Bharat Forge Ltd	Equity	₹402.49 Cr	2.46%
L&T Finance Ltd	Equity	₹385.54 Cr	2.36%
Prestige Estates Projects Ltd	Equity	₹376.5 Cr	2.30%
Dalmia Bharat Ltd	Equity	₹357.41 Cr	2.19%
Axis Bank Ltd	Equity	₹340.91 Cr	2.09%
Hindustan Petroleum Corp Ltd	Equity	₹333.49 Cr	2.04%
The Federal Bank Ltd	Equity	₹325.54 Cr	1.99%
Cummins India Ltd	Equity	₹319.7 Cr	1.96%
Aurobindo Pharma Ltd	Equity	₹318.21 Cr	1.95%
Voltas Ltd	Equity	₹291.62 Cr	1.79%
Ceat Ltd	Equity	₹288.05 Cr	1.76%
PI Industries Ltd	Equity	₹286.5 Cr	1.75%
KPIT Technologies Ltd	Equity	₹271.93 Cr	1.66%
Bharat Heavy Electricals Ltd	Equity	₹270.73 Cr	1.66%
Supreme Industries Ltd	Equity	₹270.11 Cr	1.65%
One97 Communications Ltd	Equity	₹269.09 Cr	1.65%
AU Small Finance Bank Ltd	Equity	₹259.2 Cr	1.59%
Oracle Financial Services Software Ltd	Equity	₹258.69 Cr	1.58%
AWL Agri Business Ltd	Equity	₹253.42 Cr	1.55%
SKF India Ltd	Equity	₹250.76 Cr	1.53%
Schaeffler India Ltd	Equity	₹246.15 Cr	1.51%
HDFC Asset Management Co Ltd	Equity	₹242.75 Cr	1.49%
Swiggy Ltd	Equity	₹242.69 Cr	1.49%
Container Corporation of India Ltd	Equity	₹240.04 Cr	1.47%
Indian Bank	Equity	₹239.4 Cr	1.47%
Apollo Hospitals Enterprise Ltd	Equity	₹239.05 Cr	1.46%
Gland Pharma Ltd	Equity	₹238.58 Cr	1.46%
Tata Power Co Ltd	Equity	₹236.71 Cr	1.45%
Max Financial Services Ltd	Equity	₹231.78 Cr	1.42%
SRF Ltd	Equity	₹230.28 Cr	1.41%
Go Digit General Insurance Ltd	Equity	₹229.65 Cr	1.41%
Indus Towers Ltd Ordinary Shares	Equity	₹229.58 Cr	1.41%
Suzlon Energy Ltd	Equity	₹218.68 Cr	1.34%
GE Vernova T&D India Ltd	Equity	₹217.51 Cr	1.33%
FSN E-Commerce Ventures Ltd	Equity	₹216.67 Cr	1.33%
Glenmark Pharmaceuticals Ltd	Equity	₹214.61 Cr	1.31%
Aditya Birla Capital Ltd	Equity	₹213.08 Cr	1.30%
Crompton Greaves Consumer Electricals Ltd	Equity	₹212.17 Cr	1.30%
Bata India Ltd	Equity	₹196.07 Cr	1.20%
Oberoi Realty Ltd	Equity	₹195.64 Cr	1.20%
Gujarat Gas Ltd	Equity	₹188.62 Cr	1.15%
Steel Authority Of India Ltd	Equity	₹178.49 Cr	1.09%
Syngene International Ltd	Equity	₹177.21 Cr	1.08%
Fortis Healthcare Ltd	Equity	₹175.28 Cr	1.07%
Ashok Leyland Ltd	Equity	₹174.9 Cr	1.07%
UPL Ltd	Equity	₹173.18 Cr	1.06%
Gujarat State Petronet Ltd	Equity	₹171.4 Cr	1.05%
Jyothy Labs Ltd	Equity	₹170.54 Cr	1.04%
Treps	Cash - Repurchase Agreement	₹168.24 Cr	1.03%
PB Fintech Ltd	Equity	₹167.3 Cr	1.02%
Multi Commodity Exchange of India Ltd	Equity	₹165.22 Cr	1.01%
Sona BLW Precision Forgings Ltd	Equity	₹159.73 Cr	0.98%
LIC Housing Finance Ltd	Equity	₹159.57 Cr	0.98%
Vedanta Ltd	Equity	₹153.88 Cr	0.94%
Deepak Nitrite Ltd	Equity	₹146.04 Cr	0.89%
Balkrishna Industries Ltd	Equity	₹142.08 Cr	0.87%
NMDC Ltd	Equity	₹139.42 Cr	0.85%
Whirlpool of India Ltd	Equity	₹138.68 Cr	0.85%
Century Plyboards (India) Ltd	Equity	₹138.35 Cr	0.85%
IndusInd Bank Ltd	Equity	₹129.89 Cr	0.80%
Sagility India Ltd	Equity	₹122.54 Cr	0.75%
Campus Activewear Ltd	Equity	₹117.48 Cr	0.72%
General Insurance Corp of India	Equity	₹107.03 Cr	0.66%
Vishal Mega Mart Ltd	Equity	₹91.98 Cr	0.56%
TeamLease Services Ltd	Equity	₹91.3 Cr	0.56%
Net Receivables / (Payables)	Cash	₹-78.66 Cr	0.48%
Prince Pipes And Fittings Ltd Ordinary Shares	Equity	₹72.79 Cr	0.45%
BSE Ltd	Equity	₹72.33 Cr	0.44%
NRB Bearings Ltd	Equity	₹50.89 Cr	0.31%
Ola Electric Mobility Ltd	Equity	₹29.52 Cr	0.18%
Sobha Ltd	Equity	₹27.75 Cr	0.17%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹3,269.2 Cr	20.01%
Consumer Cyclical	₹2,826.27 Cr	17.30%
Industrials	₹2,761.4 Cr	16.90%
Healthcare	₹1,978.06 Cr	12.11%
Basic Materials	₹1,573.26 Cr	9.63%
Technology	₹1,241.88 Cr	7.60%
Communication Services	₹642.91 Cr	3.94%
Real Estate	₹599.89 Cr	3.67%
Utilities	₹596.73 Cr	3.65%
Consumer Defensive	₹423.96 Cr	2.60%
Energy	₹333.49 Cr	2.04%

Risk & Performance Ratios

Fund Managers

Ankit Jain

Since July 2019

Additional Scheme Detailsas of 31st May 2025

ISIN

INF769K01FA9

Expense Ratio

0.59%

Exit Load

1.00%

Fund Size

₹16,337 Cr

Age

5 years 11 months

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:

Dividend Taxation:

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
Kotak Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹1.66 Cr	-
Helios Mid Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹97.67 Cr	-
Helios Mid Cap Fund Regular Growth Very High Risk	2.4%	1.0%	₹97.67 Cr	-
ICICI Prudential Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹465.60 Cr	5.8%
ICICI Prudential Midcap Select ETF Very High Risk	0.1%	-	₹87.19 Cr	2.8%
Zerodha Nifty Midcap 150 ETF Very High Risk	0.2%	-	₹81.69 Cr	6.3%
LIC MF Nifty Midcap 100 ETF Very High Risk	0.2%	-	₹712.43 Cr	7.4%
HDFC NIFTY Midcap 150 ETF Very High Risk	0.2%	-	₹88.82 Cr	5.5%
UTI Nifty Midcap 150 ETF Very High Risk	0.2%	-	₹9.80 Cr	5.8%
Invesco India Mid Cap Fund Regular Growth Very High Risk	1.8%	1.0%	₹6641.11 Cr	15.3%
HSBC Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹11469.74 Cr	5.2%
Canara Robeco Mid Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹2961.56 Cr	7.0%
Canara Robeco Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹2961.56 Cr	8.4%
ICICI Prudential Midcap Fund Direct Growth Very High Risk	1.1%	1.0%	₹6420.71 Cr	4.5%
Nippon India Growth Fund Direct Growth Very High Risk	0.7%	1.0%	₹36836.07 Cr	8.2%
Edelweiss Mid Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹10027.89 Cr	11.6%
Invesco India Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹6641.11 Cr	16.7%
Kotak Emerging Equity Scheme Direct Growth Very High Risk	0.4%	1.0%	₹53463.94 Cr	7.1%
JM Midcap Fund Regular Growth Very High Risk	2.0%	1.0%	₹1396.31 Cr	0.5%
JM Midcap Fund Direct Growth Very High Risk	0.5%	1.0%	₹1396.31 Cr	2.2%
Mirae Asset Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹1072.66 Cr	5.8%
DSP Midcap Fund Regular Growth Very High Risk	1.7%	1.0%	₹18712.25 Cr	4.6%
Kotak Emerging Equity Scheme Regular Growth Very High Risk	1.4%	1.0%	₹53463.94 Cr	7.9%
ICICI Prudential Midcap Select ETF Very High Risk	0.1%	-	₹79.99 Cr	36.3%
ICICI Prudential Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹424.94 Cr	26.8%
HDFC Mid-Cap Opportunities Fund Regular Growth Very High Risk	1.4%	1.0%	₹79717.67 Cr	9.3%
Nippon India ETF Nifty Midcap 150 Very High Risk	0.2%	-	₹2223.94 Cr	5.7%
UTI Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹11642.99 Cr	5.1%
Axis Midcap Fund Direct Growth Very High Risk	0.5%	1.0%	₹30501.51 Cr	7.3%
HDFC Mid-Cap Opportunities Fund Direct Growth Very High Risk	0.8%	1.0%	₹79717.67 Cr	10.0%
Aditya Birla Sun Life Mid Cap Fund Direct Growth Very High Risk	1.1%	1.0%	₹5922.32 Cr	6.7%
Baroda BNP Paribas Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹2136.80 Cr	3.8%
SBI Magnum Midcap Fund Direct Growth Very High Risk	0.8%	1.0%	₹22406.12 Cr	3.8%
Sundaram Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹12344.49 Cr	10.2%
Tata Mid Cap Growth Fund Direct Growth Very High Risk	0.7%	1.0%	₹4701.47 Cr	1.3%
Taurus Discovery (Midcap) Fund Direct Growth Very High Risk	2.2%	1.0%	₹128.00 Cr	0.5%
DSP Midcap Fund Direct Growth Very High Risk	0.8%	1.0%	₹18712.25 Cr	5.6%
Quant Mid Cap Fund Direct Growth Very High Risk	0.6%	0.0%	₹9031.52 Cr	-8.4%
Franklin India Prima Fund Direct Growth Very High Risk	0.9%	1.0%	₹12285.44 Cr	8.6%
Motilal Oswal Nifty Midcap 100 ETF Very High Risk	0.2%	-	₹644.20 Cr	7.6%
Union Midcap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1440.27 Cr	5.5%
Union Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹1440.27 Cr	7.0%
Edelweiss Mid Cap Fund Regular Growth Very High Risk	1.7%	1.0%	₹10027.89 Cr	11.9%
Motilal Oswal Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹30401.09 Cr	10.5%
LIC MF Midcap Fund Regular Growth Very High Risk	2.5%	1.0%	₹334.51 Cr	3.4%
LIC MF Midcap Fund Direct Growth Very High Risk	1.3%	1.0%	₹334.51 Cr	4.5%
Kotak Nifty Midcap 50 ETF Very High Risk	0.1%	-	₹68.13 Cr	7.5%
Aditya Birla Sun Life Mid Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹5922.32 Cr	5.8%
Baroda BNP Paribas Mid Cap Fund Regular Growth Very High Risk	2.0%	1.0%	₹2136.80 Cr	2.3%
ICICI Prudential Midcap Fund Regular Growth Very High Risk	1.9%	1.0%	₹6420.71 Cr	5.8%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

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

Total AUM

₹1,95,338 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%	₹1991.37 Cr	13.1%
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹4224.05 Cr	4.0%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹14285.45 Cr	7.3%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹39459.25 Cr	4.5%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹39530.24 Cr	8.1%
Mirae Asset Savings Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1838.28 Cr	8.6%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹2555.64 Cr	8.4%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹7926.73 Cr	10.2%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹120.63 Cr	9.1%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹1924.67 Cr	43.2%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹9057.55 Cr	8.4%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹937.78 Cr	5.2%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹100.33 Cr	7.5%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹612.06 Cr	25.3%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹639.80 Cr	9.1%
Mirae Asset Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1747.82 Cr	8.1%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2814.74 Cr	8.3%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1998.29 Cr	14.5%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹3709.61 Cr	9.5%
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹112.75 Cr	-0.3%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹25567.42 Cr	8.7%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹73.82 Cr	10.2%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹44.41 Cr	9.5%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹87.28 Cr	58.0%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.4%	1.0%	₹1442.49 Cr	10.1%
Mirae Asset Banking and PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹47.74 Cr	9.3%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹313.74 Cr	24.6%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	2.0%	1.0%	₹47.42 Cr	5.8%
Mirae Asset Overnight Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1371.22 Cr	6.4%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1056.03 Cr	9.8%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹243.68 Cr	10.9%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹87.46 Cr	8.2%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2690.55 Cr	19.2%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.1%	0.0%	₹3363.76 Cr	7.5%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹16336.65 Cr	5.7%
Mirae Asset Balanced Advantage Fund Direct Growth Moderately High risk	0.7%	1.0%	₹1854.08 Cr	9.5%

Risk Level

Your principal amount will be at Very High Risk

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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 27-Jun-2025, is ₹39.17.

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

The fund has generated 5.69% over the last 1 year and 25.86% 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 99.45% in equities, 0.00% in bonds, and 0.55% 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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Fund Overview

Fund Size

₹16,337 Cr

Expense Ratio

0.59%

ISIN

INF769K01FA9

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

29 Jul 2019

Risk Level

Your principal amount will be at Very High Risk