Mirae Asset Multicap Fund
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/Entities.
Growthvine rating: 3/5 — ranked #15 of 35 in category.
Fund basics
| Category | Equity: Multi Cap |
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| NAV | ₹13.46 (as of 2026-10-23) |
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| AUM | ₹5,619 Cr |
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| Expense ratio | 1.58% |
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| Riskometer | Very High |
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| Fund manager | Ankit Jain |
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| Exit load | 1% for redemption within 365 days |
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Performance & risk
| Sharpe ratio | 0.38 |
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| Standard deviation | 16.54% |
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| Max drawdown | −18.67% |
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| Alpha | 2.62 |
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| Beta | 0.97 |
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Over 5 years, captured 98.1% of NIFTY500 Multicap 50:25:25's upside and 97.5% of its downside.
Market cap allocation
| Large cap | 36.0% |
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| Mid cap | 25.8% |
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| Small cap | 38.2% |
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Concentration
| Top 5 holdings | 17.7% |
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| Top 10 holdings | 27.8% |
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| Total holdings | 82 |
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| Index overlap | 30.6% |
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| Active share | 69.4% |
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Top holdings
- HDFC Bank Ltd. — 5.5%
- ICICI Bank Ltd. — 4.0%
- AXIS Bank Ltd. — 3.3%
- Delhivery Limited — 2.5%
- Bharti Airtel Ltd. — 2.3%
- DALMIA BHARAT LIMITED — 2.1%
- Steel Authority of India Ltd. — 2.0%
- Gland Pharma Limited — 2.0%
- Reliance Industries Ltd — 2.0%
- Hero MotoCorp Limited — 2.0%
Top sectors
- Banking & Financial — 20.0%
- Pharma & Biotech — 8.5%
- Automobile — 8.1%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −9.0% | Q4 (Bottom) | #33 of 34 |
| 2025 | 8.3% | Q1 (Top) | #1 of 31 |
| 2024 | 17.1% | Q4 (Bottom) | #22 of 24 |