Mirae Asset Midcap Fund Direct - Growth

Q: What are the returns of Mirae Asset Midcap Fund?

The Mirae Asset Midcap Fund is a 5 yrs 11 m old fund and has delivered average annual returns of 25.53% since inception. Mirae Asset Midcap Fund Returns 1-Year 3-Year 5-Year Since Inception 8.72% 23.58% 31.14% 25.53%

NAV as of Jun 05, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹37.949+0.71% 1 day change	25.53% p.a.	#NA View Ranked Funds	₹15,415 Crs

Historical NAV & returns

NAV: ₹37.949 as on Jun 05, 2025

This fund Category average

Mirae Asset Midcap Fund overview

Expense ratio	0.59% as on May 31, 2025
Exit load	1.0% Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 years.!
AUM (Fund size)	₹15,415 Crs
Lock-in	No Lockin
Age	5 yrs 11 m since Jul 08, 2019
Benchmark	NIFTY Midcap 150 TRI
Min. investment	SIP ₹1000 & Lump. ₹5000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, pay tax of 12.5% on returns of ₹1.25 lakh+ in a financial year

Mirae Asset Midcap Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Jun 01, 2025

Period	This fund	Category average
1 Month	9.6%	8.31%
3 Months	16.35%	14.98%
6 Months	-2.5%	-2.76%
1 Year	8.72%	11.1%
2 Years	26.73%	29.38%
3 Years	23.58%	26.13%
4 Years	19.3%	21.37%
5 Years	31.14%	31.1%

View returns in detail

Asset allocationas on Apr 30, 2025

Large Cap 8.445296%

Mid Cap 71.854078%

Small Cap 18.360626%

Other Cap 0.0%

Top holdings

Lupin Ltd.3.42%

Mphasis Ltd.2.77%

The Federal Bank Ltd.2.72%

Tata Communications Ltd.2.55%

Top sectors

Financial 17.020000000000003%

Services 12.14%

Healthcare 11.45%

Capital Goods 8.18%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Repo 1.60703278%

Other Holdings

Others 1.61%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Mirae Asset Midcap Fund	N.A.	₹15,415 Crs	5 yrs 11 m	0.59%
Motilal Oswal Midcap Fund	N.A.	₹27,780 Crs	11 yrs 4 m	0.7%
Nippon India Growth Fund	N.A.	₹34,690 Crs	12 yrs 5 m	0.72%
HDFC Mid-Cap Opportunities Fund	N.A.	₹72,610 Crs	12 yrs 5 m	0.77%
Kotak Emerging Equity Fund	N.A.	₹48,129 Crs	12 yrs 5 m	0.42%
Edelweiss Mid Cap Fund	N.A.	₹8,634 Crs	12 yrs 5 m	0.4%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Midcap Fund	9.6%	-2.5%	8.72%	23.58%	31.14%	N.A.
Motilal Oswal Midcap Fund	5.9%	-10.15%	16.82%	33.96%	38.35%	19.3%
Nippon India Growth Fund	8.28%	-1.78%	13.8%	29.71%	34.33%	19.06%
HDFC Mid-Cap Opportunities Fund	7.56%	-1.12%	12.62%	30.77%	33.86%	18.96%
Kotak Emerging Equity Fund	9.63%	-3.0%	12.93%	26.1%	32.17%	19.62%
Edelweiss Mid Cap Fund	8.26%	-2.21%	18.78%	30.74%	35.55%	19.76%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Midcap Fund	16.9	0.97	0.91	1.3
Motilal Oswal Midcap Fund	18.22	0.89	1.33	1.63
Nippon India Growth Fund	16.22	0.93	1.28	1.91
HDFC Mid-Cap Opportunities Fund	15.11	0.87	1.41	2.09
Kotak Emerging Equity Fund	16.24	0.91	1.07	1.4
Edelweiss Mid Cap Fund	16.65	0.95	1.26	1.69

View all Mid Cap funds

Key risk & return ratios Compared to other funds in the category

Alpha	-2.24 vs. 7.14 Underperformed at beating benchmark
Sharpe	0.91 vs. 7.54 Poor risk-adjusted returns
Beta	0.97 vs. 1.03 Less sensitive to market ups & downs
Standard deviation	16.9 vs. 13.66 More volatile performance

Compare Mirae Asset Midcap Fund in detail with

About this fund

About Mirae Asset Midcap Fund

Mirae Asset Midcap Fund Direct - Growth is a Mid Cap mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 5 yrs 11 m, having been launched on 08/07/2019. Mirae Asset Midcap Fund Direct - Growth has ₹15,415 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mirae Asset Midcap Fund Direct - Growth as of 05/06/2025 is ₹37.95. The fund has an expense ratio of 0.59%, which is close to what most other Mid Cap funds charge.

Mirae Asset Midcap Fund Direct - Growth returns of last 1-year are 10.64%. Since launch, it has delivered 25.57% average annual returns. The fund has doubled the money invested in it every 3 yrs.
Mirae Asset Midcap Fund Direct - Growth scheme's ability to deliver returns consistently is lower than most funds of its category. Its ability to control losses in a falling market is below average.
The fund has the majority of its money invested in Financial, Services, Healthcare, Capital Goods, Automobile sectors. It has taken less exposure in Financial, Services sectors compared to other funds in the category.
The fund's top 5 holdings are in Lupin Ltd., Mphasis Ltd., The Federal Bank Ltd., Tata Communications Ltd., L&T Finance Ltd..

...

Fund AUM	₹15,415 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Ankit Jain

Mr. Jain is a B.Tech (ICT) and MBA (Finance). Prior to joining Mirae Asset Mutual Fund (Sep. 7, 2015) as a Research Analyst he was associated with Equirus Securities Pvt Ltd. and Infosys Ltd. He has more than 5 years of professional experience and his primary responsibility includes Investment Analysis and Fund Management.

Investment objective

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.

Mirae Asset Mutual Fund details

No. of schemes	43 view all schemes
Total AUM	₹1,90,637 Crs as on Mar 31, 2025
Address	Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai, 400098
Phone	022-67800301 / 1800-2090-777

More funds from Mirae Asset Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	5Y
Mirae Asset ELSS Tax Saver Fund	N.A.	₹24,774 Crs	11.38%	25.55%
Mirae Asset Large & Midcap Fund	N.A.	₹36,507 Crs	8.15%	25.21%
Mirae Asset Great Consumer Fund	N.A.	₹4,117 Crs	6.87%	25.04%
Mirae Asset Healthcare Fund	N.A.	₹2,683 Crs	19.6%	23.64%
Mirae Asset Focused Fund	N.A.	₹7,650 Crs	15.88%	22.27%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Mirae Asset Midcap Fund?

The current Net Asset Value (NAV) of the Mirae Asset Midcap Fund - Direct Growth plan is approximately ₹37.949 as of Jun 05, 2025.

What are the returns of this mutual fund scheme?

The Mirae Asset Midcap Fund is a 5 yrs 11 m old fund and has delivered average annual returns of 25.53% since inception.

Mirae Asset Midcap Fund Returns

1-Year	3-Year	5-Year	Since Inception
8.72%	23.58%	31.14%	25.53%

How much does this mutual fund charge as expense ratio?

The Mirae Asset Midcap Fund - Direct Growth has an expense ratio of 0.59%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Mirae Asset Midcap Fund currently has assets under management (AUM) or fund size valued at approximately ₹15,415 Crs crore as of Mar 31, 2025.

What are the top stock holdings of Mirae Asset Midcap Fund?

The Mirae Asset Midcap Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
Lupin Ltd.	3.42%
Mphasis Ltd.	2.77%
The Federal Bank Ltd.	2.72%
Tata Communications Ltd.	2.55%
L&T Finance Ltd.	2.33%
Prestige Estates Projects Ltd.	2.33%
Delhivery Ltd.	2.32%
Bharat Forge Ltd.	2.32%
Dalmia Bharat Ltd.	2.23%
Axis Bank Ltd.	2.2%

What are the top sectors Mirae Asset Midcap Fund has invested in?

The Mirae Asset Midcap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	17.020000000000003%
Services	12.14%
Healthcare	11.45%
Capital Goods	8.18%
Automobile	7.4399999999999995%
Technology	6.07%
Consumer Discretionary	5.819999999999999%
Energy	5.62%
Materials	4.890000000000001%
Communication	3.8099999999999996%

What is risk level of Mirae Asset Midcap Fund?

This is a Mid Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Mirae Asset Midcap Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Mirae Asset Midcap Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Mirae Asset Midcap Fund is complete.

How can I redeem my investments in Mirae Asset Midcap Fund?

Redeeming your investments in Mirae Asset Midcap Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Mirae Asset Midcap Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Mid Cap

#NA

Return Outperformance: This fund has generated highest return amongst Mid Cap funds in the last 5 Years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Exit Load: Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 years.