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 56 in category.
Fund basics
| Category | Equity: Flexi Cap |
|---|
| NAV | ₹15.29 (as of 2026-10-22) |
|---|
| AUM | ₹4,506 Cr |
|---|
| Expense ratio | 1.62% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Varun Goel |
|---|
| Exit load | For units in excess of 15% of the investment, 1% will be charged for redemption within 1 year |
|---|
Performance & risk
| Sharpe ratio | 0.34 |
|---|
| Standard deviation | 14.57% |
|---|
| Max drawdown | −16.74% |
|---|
| Alpha | 0.47 |
|---|
| Beta | 0.92 |
|---|
Over 5 years, captured 94.5% of Nifty 500's upside and 90.2% of its downside.
Market cap allocation
| Large cap | 61.2% |
|---|
| Mid cap | 19.3% |
|---|
| Small cap | 19.6% |
|---|
Concentration
| Top 5 holdings | 19.3% |
|---|
| Top 10 holdings | 28.5% |
|---|
| Total holdings | 87 |
|---|
| Index overlap | 46.6% |
|---|
| Active share | 53.4% |
|---|
Top holdings
- ICICI Bank Ltd. — 5.4%
- HDFC Bank Ltd. — 5.4%
- Reliance Industries Ltd — 3.8%
- State Bank Of India — 2.4%
- AXIS Bank Ltd. — 2.3%
- Bharti Airtel Ltd. — 2.1%
- Larsen & Toubro Limited — 2.0%
- Mahindra & Mahindra Ltd. — 1.8%
- Lenskart Solutions Limited — 1.7%
- Multi Commodity Exchange of India Ltd — 1.7%
Top sectors
- Banking & Financial — 23.6%
- Pharma & Biotech — 7.1%
- Automobile — 6.7%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −7.4% | Q3 | #33 of 50 |
| 2025 | 8.9% | Q1 (Top) | #8 of 43 |
| 2024 | 17.3% | Q3 | #25 of 42 |