Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal
Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal

Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal

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Equity
Direct
Mid-Cap

NAV: ₹ 20.2 as on 27-01-2023

Fund Performance
zero opening, trading, fund transfer fee
20 people have invested ₹ 2.5L in mutual fund in the last three months

Fund Performance as on (19-Jan-23)

Return
1M
3M
6M
1Y
3Y
This Fund
-3%
-2.6%
2.3%
2.3%
22.8%
Benchmark
-2.7%
0.5%
9%
-0.3%
21%
Category
-2.9%
-4%
3%
2%
18.4%
About the Fund

Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal is an equity fund. This fund was started on  29 July, 2019. The fund is managed by Ankit Jain. The fund could potentially beat inflation in the long-run.

Key parameters

1) Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal has a NAV of 20.248 as on 27-01-2023.

2) Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal has 9002 Cr worth of assets under management (AUM) as on 30-11-2022 and is more than category average.

3) The fund has an expense ratio 0.61 %.

Fund Overview

Expense ratio
Expense ratio
0.61%
Benchmark
Benchmark
S&P BSE Midcap TR INR
AUM
AUM
₹9002 Cr
Inception Date
Inception Date
29 July, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
47.41%

Fund Distribution as on (31-Dec-22)

  • Equity 98.2%
  • Debt & Cash 1.8%
Size breakup
Mid cap
65%
Small cap
18.4%
Large cap
14.8%

Sector Allocation

Dec'22

Nov'22

Oct'22

Consumer Cyclical

20.6%

Financial Services

19.9%

Industrial

15.1%

Basic Materials

14.4%

Health

11.4%

Utilities

6.2%

Tech

5.2%

Communication

3.4%

Consumer Defensive

2%

Energy

0.9%

Real Estate

0.9%

Top Holdings as on (31-Dec-22)

  • Equity
Equity Holdings56

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 48.6 Cr in last 1M
Dec'22 return underperformed benchmark

Change in AUM

Dec'22
₹ 9K Cr
Nov'22
₹ 9K Cr
Oct'22
₹ 8.7K Cr

Fund Returns vs Benchmark

Dec'22
1.80%
2.90%
Nov'22
2.08%
1.05%
Oct'22
1.80%
2.90%
Fund Return
Benchmark Return

Concentration Analysis as on (31-Dec-22)

Fund
Dec'22
Nov'22
Oct'22
No of Holdings
56
57
57
Top 5 Company Concentration
18.9%
19%
19.4%
Company having highest exposure
The Federal Bank Ltd (4.4%)
The Federal Bank Ltd (4.2%)
The Federal Bank Ltd (4.3%)
No of Sectors
12
12
12
Top 5 Sectors Concentration
80%
79%
79%
Sector having highest exposure
Consumer Cyclical (20.3%)
Consumer Cyclical (20.6%)
Consumer Cyclical (22.2%)

Fund Manager

Ankit Jain

Ankit Jain

Fund Manager of Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal, since 29 July 2019

AMC details

Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.19L Cr
as on 31-Dec-2022
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Email
customercare@miraeasset.com

Fund Highlights

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Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 25.09% since inception which is more than its category average return of 13.34%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.23% in Equity, 0% in Debt and 1.77% in Cash related instruments
AUM size ₹9002 Cr

AUM size ₹9002 Cr

This fund has AUM of ₹9002 Cr which is more than its category average of ₹ 4607 Cr
Expense Ratio 0.61%

Expense Ratio 0.61%

This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.53%

Frequently Asked Questions

The current NAV of Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal is 20.25 as on 27-Jan-2023.
Existing (Absolute + CAGR)
Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
-2.99%
-2.99%
6 Month Returns
2.32%
2.32%
1 Year Returns
2.32%
2.32%
3 Years Returns
84.99%
22.76%
5 Years Returns
0%
0%
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0.61 as on December 2022
9002 Cr as on December 2022
The Federal Bank Ltd(4.37%),Bharat Forge Ltd(4.1%),Axis Bank Ltd(3.71%),Shriram Finance Ltd(3.56%),TVS Motor Co Ltd(3.2%) as on December 2022
Consumer Cyclical(20.28%),Financial Services(19.57%),Industrial(14.79%) as on December 2022
The alpha ratio for the Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal
1.29
3.06
-
As on December 2022
The alpha for Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal
0.86
0.89
-
As on December 2022
The Beta for Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal
0.11
0.94
-
As on December 2022
The sharpe ratio for Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal
16.2
23.61
-
As on December 2022
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.34 as on December 2022. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.28 as on December 2022. It tells the consistency of the fund in generating superior risk-adjusted performance
Ankit Jain is the fund manager of Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal
The Exit load of Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal is 1%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.