Mirae Asset Multicap Fund

Q: What are the returns of this mutual fund scheme?

The Mirae Asset Multicap Fund is a 2 yrs 6 m old fund and has delivered average annual returns of 14.98% since inception. Mirae Asset Multicap Fund Returns 1-Year Since Inception 10.76% 14.98%

Q: How much does this mutual fund charge as expense ratio?

The Mirae Asset Multicap Fund has an expense ratio of 1.83% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹14.16-0.39% 1 day change	14.98% p.a.	App exclusive #NA View Ranked Funds	₹4,594 Cr

Historical NAV & returns

NAV: ₹14.16 as on Feb 02, 2026

This fund Category average

Mirae Asset Multicap Fund overview

AUM (Fund size)	₹4,594 Cr
Exit load	1.0% Exit load of 1%, if redeemed within 365 days.!
Lock-in Period	Nil
Age	2 yrs 6 m since Jul 28, 2023
Benchmark	Nifty 500 Multicap 50:25:25 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	1.83% as on Feb 02, 2026
Plan type	Regular
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, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Mirae Asset Multicap 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 Feb 03, 2026

Period	This fund	Category average
1 Month	-4.7%	-5.4%
3 Months	-4.63%	-6.49%
6 Months	0.2%	-2.68%
1 Year	10.76%	3.9%
2 Years	8.92%	7.14%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 42.09%

Mid Cap 24.41%

Small Cap 32.72%

Other Cap 0%

Top holdings

HDFC Bank Ltd.5.9%

ICICI Bank Ltd.4.38%

Axis Bank Ltd.3.67%

Swiggy Ltd.2.63%

Top sectors

Financial 22.79%

Healthcare 11.290000000000001%

Services 10.829999999999998%

Automobile 8.45%

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 1.22033234%

Other Holdings

Others 1.22%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Multicap Fund	-4.7%	0.2%	10.76%	N.A.	N.A.	N.A.
Nippon India Multi Cap Fund	-5.52%	-4.34%	6.26%	20.49%	22.19%	15.86%
ICICI Prudential Multicap Fund	-5.15%	-1.86%	4.6%	18.94%	16.91%	15.45%
Mahindra Manulife Multi Cap Fund	-4.91%	-1.13%	6.97%	20.13%	18.74%	13.24%
Baroda BNP Paribas Multi Cap Fund	-5.17%	-2.03%	1.06%	17.09%	17.0%	14.85%
ITI Multi Cap Fund	-5.57%	-1.53%	6.4%	18.81%	12.85%	8.64%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Multicap Fund	N.A.	N.A.	N.A.	N.A.
Nippon India Multi Cap Fund	13.26	0.87	1.04	1.56
ICICI Prudential Multicap Fund	12.44	0.82	1.01	1.63
Mahindra Manulife Multi Cap Fund	14.42	0.95	0.95	1.35
Baroda BNP Paribas Multi Cap Fund	13.8	0.9	0.8	1.0
ITI Multi Cap Fund	14.93	0.99	0.84	1.05

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mirae Asset Multicap Fund	N.A.	4,594 Cr	2 yrs 6 m	1.83%
Nippon India Multi Cap Fund	N.A.	50,352 Cr	20 yrs 11 m	1.5%
ICICI Prudential Multicap Fund	N.A.	16,263 Cr	31 yrs 5 m	1.73%
Mahindra Manulife Multi Cap Fund	N.A.	6,133 Cr	8 yrs 9 m	1.79%
Baroda BNP Paribas Multi Cap Fund	N.A.	3,142 Cr	22 yrs 5 m	1.96%
ITI Multi Cap Fund	N.A.	1,349 Cr	6 yrs 9 m	1.97%

View all Multi Cap funds

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

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare Mirae Asset Multicap Fund in detail with

About this fund

About Mirae Asset Multicap Fund

Mirae Asset Multicap Fund is a Multi Cap mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 2 yrs 6 m, having been launched on 28/07/2023. Mirae Asset Multicap Fund has ₹4,594 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mirae Asset Multicap Fund as of 02/02/2026 is ₹14.16. The fund has an expense ratio of 1.83%, which is higher than what most other Multi Cap funds charge.

Mirae Asset Multicap Fund returns of last 1-year are 9.96%. Since launch, it has delivered 15.22% average annual returns.
The fund has the majority of its money invested in Financial, Healthcare, Services, Automobile, Technology sectors. It has taken less exposure in Financial, Healthcare sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., Swiggy Ltd., ITC Ltd..

...

Fund AUM	4,594 Cr as on Dec 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 is seeks to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of large cap, mid cap and small cap companies

Mirae Asset Mutual Fund details

No. of schemes	48 view all schemes
Total AUM	2,29,565 Cr as on Dec 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	1Y	5Y
Mirae Asset NYSE FANG+ ETF FoF	N.A.	2,282 Cr	23.12%	N.A.
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF	N.A.	381 Cr	37.13%	N.A.
Mirae Asset S&P 500 Top 50 ETF FoF	N.A.	773 Cr	23.01%	N.A.
Mirae Asset Midcap Fund	N.A.	18,409 Cr	12.84%	18.41%
Mirae Asset Great Consumer Fund	N.A.	4,754 Cr	-2.97%	14.61%
Mirae Asset ELSS Tax Saver Fund	N.A.	27,196 Cr	10.33%	14.61%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Mirae Asset Multicap Fund?

The current Net Asset Value (NAV) of the Mirae Asset Multicap Fund plan is approximately ₹14.16 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Mirae Asset Multicap Fund is a 2 yrs 6 m old fund and has delivered average annual returns of 14.98% since inception.

Mirae Asset Multicap Fund Returns

1-Year	Since Inception
10.76%	14.98%

How much does this mutual fund charge as expense ratio?

The Mirae Asset Multicap Fund has an expense ratio of 1.83%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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

The Mirae Asset Multicap Fund currently has assets under management (AUM) or fund size valued at approximately 4,594 Cr as on Dec 31, 2025.

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

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

Company	Percentage of Portfolio
HDFC Bank Ltd.	5.9%
ICICI Bank Ltd.	4.38%
Axis Bank Ltd.	3.67%
Swiggy Ltd.	2.63%
ITC Ltd.	2.6%
Delhivery Ltd.	2.57%
Tata Consultancy Services Ltd.	2.48%
Larsen & Toubro Ltd.	2.42%
Lupin Ltd.	2.24%
Ceat Ltd.	2.09%

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

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

Sector	Percentage of Portfolio
Financial	22.79%
Healthcare	11.290000000000001%
Services	10.829999999999998%
Automobile	8.45%
Technology	7.4%
Consumer Staples	7.03%
Consumer Discretionary	4.880000000000001%
Energy	4.02%
Construction	3.8099999999999996%
Insurance	2.93%

What is risk level of Mirae Asset Multicap Fund?

This is a Multi 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 can I redeem my investments in Mirae Asset Multicap Fund?

Redeeming your investments in the Mirae Asset Multicap Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

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

ET Money rank

App exclusive

in Multi Cap

#NA

Return Outperformance: This fund has generated highest return amongst Multi Cap funds in the last 2 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 1%, if redeemed within 365 days.