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>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
20 people have invested ₹ 2.5L in mutual fund in the last three months
Fund Performance as on (19-Jan-23)
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 | 0.61% |
Benchmark | S&P BSE Midcap TR INR |
AUM | ₹9002 Cr |
Inception Date | 29 July, 2019 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1% |
Lock In | No Lock-in |
TurnOver | 47.41% |
Fund Distribution as on (31-Dec-22)
Size breakup
Mid cap
65%
Small cap
18.4%
Large cap
14.8%
Sector Allocation
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 Holdings56
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
The Federal Bank Ltd | 4.37% | 0% | |
Bharat Forge Ltd | 4.1% | 0% | |
Axis Bank Ltd | 3.71% | -9.5% | |
Shriram Finance Ltd | 3.56% | 0% | |
TVS Motor Co Ltd | 3.2% | -7.7% |
See all
What changed
in last one month
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)
Winners & Losers as on (31-Dec-22)
Top Growth Drivers | 1M Return |
|---|---|
UTI Asset Management Company Ltd | 12.5% |
Shriram Finance Ltd | 7% |
Federal Bank Ltd | 4.8% |
Peer Analysis
Fund Manager
Ankit Jain
Fund Manager of Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal, since 29 July 2019
Top funds managed
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
Very High Risk
Investors understand that their principal will be at Very High Risk
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
This fund has an allocation of 98.23% in Equity, 0% in Debt and 1.77% in Cash related instruments
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%
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% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
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%
Mutual Fund execution provided by
Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.