Mirae Asset Mid Cap Fund
The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of madcap companies/Entities. From time to time, the fund manager may also participate in other Indian equities and equity related securities for optimal portfolio construction.
Growthvine rating: 3/5 — ranked #15 of 34 in category.
Fund basics
| Category | Equity: Mid Cap |
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| NAV | ₹35.69 (as of 2026-10-23) |
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| AUM | ₹20,892 Cr |
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| Expense ratio | 1.42% |
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| Riskometer | Very High |
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| Fund manager | Ankit Jain |
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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
| 5-year annualised return | 13.00% |
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| Sharpe ratio | 0.45 |
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| Standard deviation | 18.71% |
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| Max drawdown | −37.48% |
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| Alpha | -0.48 |
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| Beta | 1 |
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Over 5 years, captured 94.0% of NIFTY Midcap 150's upside and 98.5% of its downside.
Market cap allocation
| Large cap | 12.1% |
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| Mid cap | 69.6% |
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| Small cap | 18.3% |
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Concentration
| Top 5 holdings | 17.8% |
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| Top 10 holdings | 31.5% |
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| Total holdings | 63 |
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| Index overlap | 33.9% |
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| Active share | 66.1% |
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Top holdings
- Laurus Labs Limited — 4.3%
- Steel Authority of India Ltd. — 3.8%
- HDB FINANCIAL SERVICES LIMITED — 3.4%
- Lupin Ltd — 3.3%
- Delhivery Limited — 3.0%
- Hero MotoCorp Limited — 2.9%
- Persistent Systems Limited — 2.9%
- IndusInd Bank Ltd. — 2.7%
- SWIGGY LIMITED — 2.7%
- Dixon Technologies (India) Limited — 2.7%
Top sectors
- Banking & Financial — 13.1%
- Pharma & Biotech — 11.5%
- Retail — 9.5%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −6.4% | Q4 (Bottom) | #25 of 31 |
| 2025 | 8.8% | Q1 (Top) | #2 of 29 |
| 2024 | 19.5% | Q4 (Bottom) | #27 of 29 |
| 2023 | 34.5% | Q3 | #18 of 28 |
| 2022 | 4.9% | Q2 | #7 of 22 |