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 midcap companies. 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 #16 of 33 in category.
Fund basics
| Category | Equity: Mid Cap |
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| NAV | ₹40.74 (as of 2026-08-21) |
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| AUM | ₹19,543 Cr |
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| Expense ratio | 1.41% |
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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 | 15.65% |
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| Sharpe ratio | 0.65 |
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| Standard deviation | 18.07% |
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| Max drawdown | -37.48% |
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| Alpha | -0.91 |
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| Beta | 1 |
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Over 5 years, captured 92.5% of NIFTY Midcap 150's upside and 98.1% of its downside.
Market cap allocation
| Large cap | 12.6% |
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| Mid cap | 71.3% |
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| Small cap | 16.0% |
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Concentration
| Top 5 holdings | 17.0% |
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| Top 10 holdings | 31.4% |
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| Total holdings | 66 |
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| Index overlap | 36.3% |
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| Active share | 63.7% |
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Top holdings
- Laurus Labs Limited — 4.1%
- Lupin Ltd — 3.3%
- IndusInd Bank Ltd. — 3.3%
- Persistent Systems Limited — 3.2%
- Steel Authority of India Ltd. — 3.2%
- PB Fintech Limited — 3.0%
- Bharat Forge Ltd — 3.0%
- Hero MotoCorp Limited — 2.9%
- Delhivery Limited — 2.8%
- Dixon Technologies (India) Limited — 2.8%
Top sectors
- Banking & Financial — 14.0%
- Pharma & Biotech — 10.3%
- Automobile — 8.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 6.8% | Q3 | #19 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 |