Mirae Asset Multicap Fund Direct Growth

Mirae Asset Multicap Fund Direct Growth

Equity

Mirae Mutual Fund

Multi-Cap

Get the latest NAV of Mirae Asset Multicap 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.

₹14.92

▲0.5%1D

NAV as on 27 Jun 2025

24.11%/per year

Since Inception

Absolute Gain%

▲▼

1250 people have invested ₹ 1.1Cr in Mirae Asset Multicap Fund Direct Growth in the last three months

Mirae Asset Multicap Fund Performance vs. Nifty 500

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

The fund has outperformed the benchmark (Nifty 500) over 1Y, but underperformed over 3Y, 5Y.

Period
This Fund
Nifty 500
Category Avg
1 Month
5.47%
3.32%
3.89%
3 Months
14.4%
10.69%
11.11%
6 Months
6.5%
5.23%
2.37%
1 Year
9.53%
4.7%
6.15%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
Mirae Asset Multicap Fund
-
3,710Cr
0.42%
9.53%
-
24.11%
Nippon India Multi Cap Fund Direct Growth
1/12
43,483Cr
0.74%
6.5%
30.85%
17.43%
Kotak Multicap Fund Direct Growth
2/12
17,943Cr
0.43%
4.88%
30.62%
20.51%
HDFC Multi Cap Fund Direct Growth
3/12
17,620Cr
0.73%
4.63%
29.22%
21.66%
See all

Mirae Asset Multicap 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 Multicap Fund Asset Allocation

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

Fund Distribution

as on (14-Jun-25)

Equity 98.3%

Debt & Cash 1.7%

Large cap
42.3%
Small cap
28.6%
Mid cap
27.3%
Large Cap allocation has gone down from 42.5% to 42.3%
Large Cap allocation has gone down from 42.5% to 42.3%
Small Cap allocation has gone up from 28.4% to 28.6%
Small Cap allocation has gone up from 28.4% to 28.6%
Mid Cap allocation has gone up from 27% to 27.3%
Mid Cap allocation has gone up from 27% to 27.3%
Cash allocation has gone down from 2.1% to 1.7%
Cash allocation has gone down from 2.1% to 1.7%

Mirae Asset Multicap Fund Sector Allocation

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

Sector Allocation

Equity 98.3%

Debt & Cash 1.7%

Financial Services
28.4%
Consumer Cyclical
16.3%
Industrial
14.7%
Tech
10.1%
Health
9.2%
Basic Materials
7.9%
Energy
3.4%
Utilities
2.8%
Communication
2.7%
Consumer Defensive
2.7%
Real Estate
1.9%

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

May'25

Financial Services

26%

Industrial

14%

Consumer Cyclical

14%

Apr'25

Financial Services

28%

Industrial

14%

Consumer Cyclical

14%

Mirae Asset Multicap Fund Holdings Details

as on (31-May-25)

Equity

Holdings
Weight%
1M Change
HDFC Bank Ltd
5.8%
11.7%
Axis Bank Ltd
4.49%
0%
ICICI Bank Ltd
2.98%
0%
Reliance Industries Ltd
2.62%
11.7%
Larsen & Toubro Ltd
2.47%
0%
See all
Top Stocks bought last month
ITC Ltd's allocation increased from 1.26% to 2.2%
ITC Ltd's allocation increased from 1.26% to 2.2%
Reliance Industries Ltd's allocation increased from 1.77% to 2.62%
Reliance Industries Ltd's allocation increased from 1.77% to 2.62%
TeamLease Services Ltd's allocation increased from 0.66% to 1.28%
TeamLease Services Ltd's allocation increased from 0.66% to 1.28%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 4.62 % to 4.49 %
Axis Bank Ltd's allocation decreased from 4.62 % to 4.49 %
Larsen & Toubro Ltd's allocation decreased from 2.61 % to 2.47 %
Larsen & Toubro Ltd's allocation decreased from 2.61 % to 2.47 %
State Bank of India's allocation decreased from 2.05 % to 1.7 %
State Bank of India's allocation decreased from 2.05 % to 1.7 %

Mirae Asset Multicap Fund Direct Growth Overview

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

Expense ratio0.42%
Benchmark
Nifty 500 Multicap 50:25:25 TR INR
AUM₹3710 Cr
Inception Date21 August, 2023
Min Lumpsum/SIP₹5000/₹99
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
35.65%
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 Multicap Fund

Mirae Asset Multicap Fund Direct Growth is an equity fund. This fund was started on 21 August, 2023. The fund is managed by Ankit Jain. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mirae Asset Multicap Fund Direct Growth has ₹3710 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mirae Asset Multicap Fund Direct Growth has given a CAGR return of 24.11% since inception. Over the last 1 year the fund has given a CAGR return of 9.53%.

Holdings

Mirae Asset Multicap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Health, Tech, Basic Materials, Consumer Defensive, Energy, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, Axis Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Larsen & Toubro Ltd

Taxation

As it is a multi-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 Multicap 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 large cap, mid cap and small cap companies. However, 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 Multicap Fund Direct Growth has no lock in period.

Fund Manager

Ankit Jain

Fund Manager of Mirae Asset Multicap Fund Direct Growth, since 21 August 2023

Learn more about Mirae Mutual Fund
Parameters
May'25
Apr'25
Mar'25
AUM
₹ 3.7K Cr
₹ 3.5K Cr
₹ 3.3K Cr
  • AUM of the fund stands at 3.7K Cr as of May'25
  • AUM increased by 228 Cr between May'25 and Apr'25

Frequently Asked Questions for Mirae Asset Multicap Fund Direct Growth

How do I invest in Mirae Asset Multicap Fund?

INDmoney makes it simple to invest in the Mirae Asset Multicap Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Mirae Asset Multicap 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 Multicap Fund?

The NAV of the fund today is ₹14.92. 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 Multicap Fund fund has generated a return of 9.53% in 1 year

Who is the fund manager of Mirae Asset Multicap 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 0.42%. 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 ₹3710 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 Multicap Fund?

The top 3 holdings of the fund are HDFC Bank Ltd(5.8%), Axis Bank Ltd(4.49%), ICICI Bank Ltd(2.98%)