Fund Overview
Fund Size
₹15,139 Cr
Expense Ratio
1.68%
ISIN
INF769K01EY2
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
29 Jul 2019
About this fund
Mirae Asset Midcap Fund Regular Growth is a Mid-Cap mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 4 years, 9 months and 21 days, having been launched on 29-Jul-19.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹32.63, Assets Under Management (AUM) of 15139.44 Crores, and an expense ratio of 1.68%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹32.63, Assets Under Management (AUM) of 15139.44 Crores, and an expense ratio of 1.68%.
- Mirae Asset Midcap Fund Regular Growth has given a CAGR return of 27.93% since inception.
- The fund's asset allocation comprises around 97.02% in equities, 0.00% in debts, and 2.98% in cash & cash equivalents.
- You can start investing in Mirae Asset Midcap Fund Regular 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
+51.34%
+52.83% (Cat Avg.)
3 Years
+24.34%
+25.58% (Cat Avg.)
Since Inception
+27.93%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Equity | ₹14,688.23 Cr | 97.02% |
| Others | ₹451.21 Cr | 2.98% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| The Federal Bank Ltd | Equity | ₹473.81 Cr | 3.13% |
| Prestige Estates Projects Ltd | Equity | ₹472.2 Cr | 3.12% |
| Treps | Cash - Repurchase Agreement | ₹470.1 Cr | 3.11% |
| Bharat Forge Ltd | Equity | ₹397.67 Cr | 2.63% |
| HDFC Asset Management Co Ltd | Equity | ₹394.81 Cr | 2.61% |
| Delhivery Ltd | Equity | ₹380.29 Cr | 2.51% |
| Indian Bank | Equity | ₹369.32 Cr | 2.44% |
| Axis Bank Ltd | Equity | ₹349.77 Cr | 2.31% |
| Lupin Ltd | Equity | ₹347.92 Cr | 2.30% |
| Fortis Healthcare Ltd | Equity | ₹332.72 Cr | 2.20% |
| Container Corporation of India Ltd | Equity | ₹329.84 Cr | 2.18% |
| FSN E-Commerce Ventures Ltd | Equity | ₹325.82 Cr | 2.15% |
| Aurobindo Pharma Ltd | Equity | ₹322.09 Cr | 2.13% |
| Tata Communications Ltd | Equity | ₹317.53 Cr | 2.10% |
| NTPC Ltd | Equity | ₹305.87 Cr | 2.02% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹305.86 Cr | 2.02% |
| LIC Housing Finance Ltd | Equity | ₹303.31 Cr | 2.00% |
| Motherson Sumi Wiring India Ltd | Equity | ₹283.4 Cr | 1.87% |
| Bayer CropScience Ltd | Equity | ₹280.89 Cr | 1.86% |
| Max Financial Services Ltd | Equity | ₹260.97 Cr | 1.72% |
| Gland Pharma Ltd | Equity | ₹248.34 Cr | 1.64% |
| ACC Ltd | Equity | ₹247.36 Cr | 1.63% |
| Bata India Ltd | Equity | ₹235.37 Cr | 1.55% |
| Oracle Financial Services Software Ltd | Equity | ₹234.04 Cr | 1.55% |
| Coforge Ltd | Equity | ₹232.33 Cr | 1.53% |
| HDFC Bank Ltd | Equity | ₹232.07 Cr | 1.53% |
| Schaeffler India Ltd | Equity | ₹227.77 Cr | 1.50% |
| Ceat Ltd | Equity | ₹224.88 Cr | 1.49% |
| Page Industries Ltd | Equity | ₹222.44 Cr | 1.47% |
| NMDC Ltd | Equity | ₹211.62 Cr | 1.40% |
| PB Fintech Ltd | Equity | ₹205.36 Cr | 1.36% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹201.81 Cr | 1.33% |
| SKF India Ltd | Equity | ₹191.79 Cr | 1.27% |
| Honeywell Automation India Ltd | Equity | ₹188.61 Cr | 1.25% |
| Hindustan Petroleum Corp Ltd | Equity | ₹187.66 Cr | 1.24% |
| Laurus Labs Ltd | Equity | ₹184.95 Cr | 1.22% |
| JK Cement Ltd | Equity | ₹184.73 Cr | 1.22% |
| Thermax Ltd | Equity | ₹181.64 Cr | 1.20% |
| Voltas Ltd | Equity | ₹180.65 Cr | 1.19% |
| Mphasis Ltd | Equity | ₹180.47 Cr | 1.19% |
| Gujarat State Petronet Ltd | Equity | ₹179.98 Cr | 1.19% |
| Cummins India Ltd | Equity | ₹174.23 Cr | 1.15% |
| Power Finance Corp Ltd | Equity | ₹163.48 Cr | 1.08% |
| Kotak Mahindra Bank Ltd | Equity | ₹162.4 Cr | 1.07% |
| Navin Fluorine International Ltd | Equity | ₹156.75 Cr | 1.04% |
| Dalmia Bharat Ltd | Equity | ₹156.73 Cr | 1.04% |
| AIA Engineering Ltd | Equity | ₹154.96 Cr | 1.02% |
| TeamLease Services Ltd | Equity | ₹146.37 Cr | 0.97% |
| Kajaria Ceramics Ltd | Equity | ₹145.05 Cr | 0.96% |
| Prince Pipes And Fittings Ltd Ordinary Shares | Equity | ₹138.93 Cr | 0.92% |
| Natco Pharma Ltd | Equity | ₹131.2 Cr | 0.87% |
| Shriram Finance Ltd | Equity | ₹129.51 Cr | 0.86% |
| Alkem Laboratories Ltd | Equity | ₹128.2 Cr | 0.85% |
| Century Plyboards (India) Ltd | Equity | ₹121.31 Cr | 0.80% |
| Sudarshan Chemical Industries Ltd | Equity | ₹120.17 Cr | 0.79% |
| Utkarsh Small Finance Bank Ltd | Equity | ₹119.26 Cr | 0.79% |
| Vijaya Diagnostic Centre Ltd | Equity | ₹117.74 Cr | 0.78% |
| NHPC Ltd | Equity | ₹113.69 Cr | 0.75% |
| Ajanta Pharma Ltd | Equity | ₹113.1 Cr | 0.75% |
| Craftsman Automation Ltd | Equity | ₹110.82 Cr | 0.73% |
| Electronics Mart India Ltd | Equity | ₹110.1 Cr | 0.73% |
| Chemplast Sanmar Ltd | Equity | ₹104.47 Cr | 0.69% |
| Sona BLW Precision Forgings Ltd | Equity | ₹102.29 Cr | 0.68% |
| Deepak Nitrite Ltd | Equity | ₹101.65 Cr | 0.67% |
| Star Health and Allied Insurance Co Ltd | Equity | ₹100.03 Cr | 0.66% |
| Ipca Laboratories Ltd | Equity | ₹98.92 Cr | 0.65% |
| One97 Communications Ltd | Equity | ₹93.19 Cr | 0.62% |
| Indraprastha Gas Ltd | Equity | ₹92.8 Cr | 0.61% |
| Tega Industries Ltd | Equity | ₹84.61 Cr | 0.56% |
| Campus Activewear Ltd | Equity | ₹81.69 Cr | 0.54% |
| NRB Bearings Ltd | Equity | ₹66.14 Cr | 0.44% |
| Dixon Technologies (India) Ltd | Equity | ₹61.23 Cr | 0.40% |
| Data Patterns (India) Ltd | Equity | ₹49.28 Cr | 0.33% |
| Net Receivables / (Payables) | Cash | ₹-18.89 Cr | 0.12% |
Allocation By Market Cap (Equity)
Large Cap Stocks
6.94%
Mid Cap Stocks
77.53%
Small Cap Stocks
12.55%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹3,264.1 Cr | 21.56% |
| Consumer Cyclical | ₹2,694.24 Cr | 17.80% |
| Industrials | ₹2,346.25 Cr | 15.50% |
| Healthcare | ₹2,025.16 Cr | 13.38% |
| Basic Materials | ₹1,685.67 Cr | 11.13% |
| Technology | ₹801.25 Cr | 5.29% |
| Utilities | ₹692.35 Cr | 4.57% |
| Communication Services | ₹519.34 Cr | 3.43% |
| Real Estate | ₹472.2 Cr | 3.12% |
| Energy | ₹187.66 Cr | 1.24% |
Risk & Performance Ratios
Standard Deviation
This fund
14.02%
Cat. avg.
14.21%
Lower the better
Sharpe Ratio
This fund
1.25
Cat. avg.
1.30
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.63
Higher the better
Fund Managers
Ankit Jain
Since July 2019
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF769K01EY2 | Expense Ratio | 1.68% | Exit Load | 1.00% | Fund Size | ₹15,139 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
Withdrawal within 1 year
Flat 15% tax on realised gains (STCG - short term capital gains)
Withdrawal after 1 year
10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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% | ₹1181.31 Cr | 50.7% |
| Bandhan Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹1181.31 Cr | 53.1% |
| Motilal Oswal Midcap Fund Regular Growth Very High Risk | 1.7% | 1.0% | ₹9819.09 Cr | 57.5% |
| HDFC NIFTY Midcap 150 ETF Very High Risk | 0.2% | - | ₹15.15 Cr | - |
| Mirae Asset Midcap Fund Regular Growth Very High Risk | 1.7% | 1.0% | ₹15139.44 Cr | 51.3% |
| Mirae Asset Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹15139.44 Cr | 53.0% |
| Axis Midcap Fund Regular Growth Very High Risk | 1.6% | 1.0% | ₹26636.78 Cr | 43.7% |
| Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹2433.01 Cr | 66.6% |
| Mahindra Manulife Mid Cap Fund Regular Growth Very High Risk | 2.0% | 1.0% | ₹2433.01 Cr | 64.1% |
| Tata Mid Cap Growth Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3637.33 Cr | 56.0% |
About the AMC
Total AUM
₹1,63,012 Cr
Address
Unit No. 606, 6th Floor, Mumbai, 400 098
Other Funds by Mirae Asset India Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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What is the current NAV of Mirae Asset Midcap Fund Regular Growth?
The NAV of Mirae Asset Midcap Fund Regular Growth, as of 17-May-2024, is ₹32.63.
What are the returns of Mirae Asset Midcap Fund Regular Growth?
The fund has generated 51.34% over the last 1 year and 24.34% 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 Regular Growth?
The fund's allocation of assets is distributed as 97.02% in equities, 0.00% in bonds, and 2.98% in cash and cash equivalents.
Who manages the Mirae Asset Midcap Fund Regular Growth?
The fund managers responsible for Mirae Asset Midcap Fund Regular 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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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.