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: ₹ 26.58 as on 30-05-2024

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 ₹15139 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.
Fund Performance
zero opening, trading, fund transfer fee
19 people have invested ₹ 45K in Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal in the last three months

Overview

Expense ratio
Expense ratio
0.57%
Benchmark
Benchmark
S&P BSE Midcap TR INR
AUM
AUM
₹15139 Cr
Inception Date
Inception Date
29 July, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
33.43%

Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal Distribution as on (30-Apr-24)

  • Equity 97%

  • Debt & Cash 3%

Size breakup

Mid cap
68.8%
Small cap
19.4%
Large cap
8.9%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
22.2%
Consumer Cyclical
18.3%
Industrial
16%
Health
13.8%
Basic Materials
11.5%
Tech
5.5%
Utilities
4.7%
Communication
3.5%
Real Estate
3.2%
Energy
1.3%

Top Holdings of Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal as on (30-Apr-24)

  • Equity

Equity Holdings72

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
6.22%
-2.45%
0.85%
Nifty Midcap 150
4.47%
-1.16%
0.27%
  • This fund’s returns stands at 6.22% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 4.47% as on Apr'24
  • This fund outperformed Nifty Midcap 150 by 1.75% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 15.1K Cr
₹ 14.3K Cr
₹ 8.8K Cr
  • AUM of the fund stands at 15.1K Cr as of Apr'24
  • AUM increased by 887.7 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

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

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

Risk meter
pointer

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 28.82% since inception which is more than its category average return of 19.5%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.02% in Equity, 0% in Debt and 2.98% in Cash related instruments
AUM size ₹15139 Cr

AUM size ₹15139 Cr

This fund has AUM of ₹15139 Cr which is more than its category average of ₹ 7789 Cr
Expense Ratio 0.57%

Expense Ratio 0.57%

This fund has an expense ratio of 0.57% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions

The current NAV of Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal is ₹26.58 as on 30-May-2024.
Existing (Absolute + CAGR) as on 30-May-2024.
Mirae Asset Midcap Fund Direct Reinvestment of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
2.78%
2.78%
6 Month Returns
20.12%
20.12%
1 Year Returns
48.5%
48.5%
3 Years Returns
86.76%
23.15%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • 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.
0.57% as on April 2024
₹15139 Cr as on April 2024
The Federal Bank Ltd(3.13%), Prestige Estates Projects Ltd(3.12%), Bharat Forge Ltd(2.63%), HDFC Asset Management Co Ltd(2.61%), Delhivery Ltd(2.51%) as on April 2024
Financial Services(21.56%), Consumer Cyclical(17.8%), Industrial(15.5%) as on April 2024
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
-4.93
-0.96
-
As on April 2024
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
0.99
0.9
-
As on April 2024
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
2.66
1.28
-
As on April 2024
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
13.54
14.16
-
As on April 2024
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 2.54 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
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%