Mirae Asset Flexi Cap Fund
The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related instruments across market capitalization.
Growthvine rating: 3/5 — ranked #17 of 53 in category.
Fund basics
| Category | Equity: Flexi Cap |
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| NAV | ₹15.57 (as of 2026-10-01) |
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| AUM | ₹4,393 Cr |
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| Expense ratio | 1.62% |
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| Riskometer | Very High |
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| Fund manager | Varun Goel |
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| Exit load | For units in excess of 15% of the investment, 1% will be charged for redemption within 1 year |
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Performance & risk
| Sharpe ratio | 0.48 |
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| Standard deviation | 14.25% |
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| Max drawdown | −16.74% |
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| Alpha | 0.47 |
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| Beta | 0.92 |
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Over 5 years, captured 94.5% of Nifty 500's upside and 90.2% of its downside.
Market cap allocation
| Large cap | 63.1% |
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| Mid cap | 19.5% |
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| Small cap | 17.4% |
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Concentration
| Top 5 holdings | 19.9% |
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| Top 10 holdings | 29.4% |
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| Total holdings | 87 |
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| Index overlap | 47.4% |
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| Active share | 52.6% |
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Top holdings
- ICICI Bank Ltd. — 5.7%
- HDFC Bank Ltd. — 5.2%
- Reliance Industries Ltd — 4.0%
- State Bank Of India — 2.6%
- AXIS Bank Ltd. — 2.3%
- Bharti Airtel Ltd. — 2.1%
- Larsen & Toubro Limited — 2.0%
- Mahindra & Mahindra Ltd. — 2.0%
- Lenskart Solutions Limited — 1.8%
- L&T Finance Limited — 1.7%
Top sectors
- Banking & Financial — 22.9%
- Automobile — 7.0%
- Pharma & Biotech — 6.8%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −5.6% | Q3 | #28 of 50 |
| 2025 | 8.9% | Q1 (Top) | #8 of 43 |
| 2024 | 17.3% | Q3 | #25 of 42 |