Mirae Asset Midcap Fund Direct Growth

Mirae Asset Midcap Fund Direct Growth

Equity

Mirae Mutual Fund

Mid-Cap

Get the latest NAV of Mirae Asset Midcap Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹39.17

▲0.2%1D

NAV as on 27 Jun 2025

25.97%/per year

Since Inception

Absolute Gain%

▲▼

8447 people have invested ₹ 6.9Cr in Mirae Asset Midcap Fund Direct Growth in the last three months

Mirae Asset Midcap Fund Performance vs. Nifty Midcap 150

Fund returns vs Benchmark returns vs Category Average returns as on (27-Jun-25)

The fund has outperformed the benchmark (Nifty Midcap 150) over 1Y, 5Y, but underperformed over 3Y.

Period
This Fund
Nifty Midcap 150
Category Avg
1 Month
5.56%
3.83%
4.36%
3 Months
15.66%
13.9%
13.06%
6 Months
3.81%
3.65%
2.15%
1 Year
5.69%
5.39%
5.93%
3 Years
25.86%
29.38%
27.9%
5 Years
31%
30.7%
29.45%

Mirae Asset Midcap Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

13
/19
48% Performance
34% Risk Management
78% Cost

Ranked 13 out of 19 mutual funds in the mid-cap category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
Mirae Asset Midcap Fund
13/19
16,337Cr
0.59%
5.69%
25.86%
25.97%
HDFC Mid Cap Fund Direct Growth
1/19
79,718Cr
0.77%
9.99%
33.01%
21.53%
Edelweiss Mid Cap Fund Direct Growth
2/19
10,028Cr
0.4%
13.36%
33.54%
22.88%
Motilal Oswal Midcap Fund Direct Growth
3/19
30,401Cr
0.7%
10.48%
36.57%
24.37%
See all
Positive: Beats FD returns for both 3Y & 5Y
Beats FD returns for both 3Y & 5Y
Negative: Poor track record of protecting capital in bear phase
Poor track record of protecting capital in bear phase

Mirae Asset Midcap Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Mirae Asset Midcap Fund Asset Allocation

See fund asset allocation details as on (14-Jun-25)

Fund Distribution

as on (14-Jun-25)

Equity 99.5%

Debt & Cash 0.6%

Mid cap
71.2%
Small cap
18.9%
Large cap
9.3%
Mid Cap allocation has gone up from 69.9% to 71.9%
Mid Cap allocation has gone up from 69.9% to 71.9%
Large Cap allocation has gone down from 9.6% to 8.4%
Large Cap allocation has gone down from 9.6% to 8.4%
Small Cap allocation has gone down from 19.2% to 18.4%
Small Cap allocation has gone down from 19.2% to 18.4%
Cash allocation has gone up from 1.3% to 1.3%
Cash allocation has gone up from 1.3% to 1.3%

Mirae Asset Midcap Fund Sector Allocation

See fund sector allocation details as on (14-Jun-25)

Sector Allocation

Equity 99.5%

Debt & Cash 0.6%

Financial Services
18.6%
Consumer Cyclical
18.2%
Industrial
14.9%
Health
12.9%
Basic Materials
12%
Tech
8.8%
Communication
4.3%
Utilities
3.6%
Real Estate
3.3%
Energy
2.1%
Consumer Defensive
1.2%

Top 3 Sectors in May were Financial Services, Consumer Cyclical & Industrial

May'25

Financial Services

22%

Consumer Cyclical

18%

Industrial

15%

Apr'25

Financial Services

22%

Consumer Cyclical

18%

Industrial

14%

Mirae Asset Midcap Fund Holdings Details

as on (31-May-25)

Equity

Holdings
Weight%
1M Change
Lupin Ltd
3.02%
13.3%
Mphasis Ltd
2.71%
9%
Tata Communications Ltd
2.53%
12.2%
Delhivery Ltd
2.48%
0%
Bharat Forge Ltd
2.46%
22.9%
See all
Top Stocks bought last month
Dalmia Bharat Ltd's allocation increased from 1.53% to 2.23%
Dalmia Bharat Ltd's allocation increased from 1.53% to 2.23%
Steel Authority Of India Ltd's allocation increased from 0.65% to 1.09%
Steel Authority Of India Ltd's allocation increased from 0.65% to 1.09%
Lupin Ltd's allocation increased from 3.02% to 3.42%
Lupin Ltd's allocation increased from 3.02% to 3.42%
Top Stocks sold last month
The Federal Bank Ltd's allocation decreased from 3.15 % to 2.72 %
The Federal Bank Ltd's allocation decreased from 3.15 % to 2.72 %
Axis Bank Ltd's allocation decreased from 2.3 % to 2.2 %
Axis Bank Ltd's allocation decreased from 2.3 % to 2.2 %
Voltas Ltd's allocation decreased from 2.26 % to 1.85 %
Voltas Ltd's allocation decreased from 2.26 % to 1.85 %

Mirae Asset Midcap Fund Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.59%
Benchmark
Nifty Midcap 150 TR INR
AUM₹16337 Cr
Inception Date29 July, 2019
Min Lumpsum/SIP₹5000/₹99
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
33.32%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

About Mirae Asset Midcap Fund

Mirae Asset Midcap Fund Direct Growth 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 Growth has ₹16337 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Mirae Asset Midcap Fund Direct Growth has given a CAGR return of 25.97% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.69%, 25.86% and 31.00% respectively.

Holdings

Mirae Asset Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Basic Materials, Tech, Communication, Real Estate, Utilities, Consumer Defensive, Energy. Its top holdings are Lupin Ltd, Mphasis Ltd, Tata Communications Ltd, Delhivery Ltd, Bharat Forge Ltd

Taxation

As it is a mid-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Mirae Asset Midcap Fund Direct Growth

The investment objective of the scheme is 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. There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Midcap Fund Direct Growth has no lock in period.

Fund Manager

Ankit Jain

Fund Manager of Mirae Asset Midcap Fund Direct Growth, since 29 July 2019

Learn more about Mirae Mutual Fund
Parameters
May'25
Apr'25
Mar'25
AUM
₹ 15.4K Cr
₹ 15.4K Cr
₹ 14.9K Cr
  • AUM of the fund stands at 15.4K Cr as of May'25
  • AUM has remained same between May'25 and Apr'25

Compare Mirae Asset Midcap Fund

Mirae Asset Midcap Fund

VS

HDFC Mid Cap Fund Direct Growth

Frequently Asked Questions for Mirae Asset Midcap Fund Direct Growth

How do I invest in Mirae Asset Midcap Fund?

INDmoney makes it simple to invest in the Mirae Asset Midcap Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Mirae Asset Midcap Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Mirae Asset Midcap Fund?

The NAV of the fund today is ₹39.17. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Mirae Asset Midcap Fund fund has generated a return of 5.69% in 1 year, 25.86% in 3 years, 31.00% in 5 years.

Who is the fund manager of Mirae Asset Midcap Fund?

The fund managers are Ankit Jain.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-1 Years. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.59%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹16337 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Mirae Asset Midcap Fund?

The top 3 holdings of the fund are Lupin Ltd(3.02%), Mphasis Ltd(2.71%), Tata Communications Ltd(2.53%)