Mirae Asset Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV: ₹ 32.96 as on 18-04-2024
Fund Performance
9522 people have invested ₹ 11.4Cr in Mirae Asset Midcap Fund Direct Growth in the last three months
INDmoney Rank of Mirae Asset Midcap Fund Direct Growth
Powered by IND quant engine
14
/19
46% Performance
34% Risk Management
83% Cost
14 out of 19 among mid-cap
Pros
Recovers losses quickly
Cons
Higher probablity of downside risk
About the Mirae Asset Midcap Fund Direct Growth
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
- Mirae Asset Midcap Fund Direct Growth has ₹14252 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Mirae Asset Midcap Fund Direct Growth Overview
 | 0.62% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹14252 Cr |
 | 29 July, 2019 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 33.43% |
Mirae Asset Midcap Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Mid cap
77.1%
Small cap
14.5%
Large cap
6.7%
Sector Allocation
Financial Services
22%
Consumer Cyclical
17.2%
Industrial
15%
Health
14%
Basic Materials
11.3%
Utilities
6.6%
Tech
6.3%
Communication
3.2%
Real Estate
2.9%
Energy
0.7%
Consumer Defensive
0.6%
Top Holdings of Mirae Asset Midcap Fund Direct Growth as on (31-Mar-24)
Equity Holdings73
Mirae Asset Midcap Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -1.80% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -1.16% as on Mar'24
- This fund underperformed Nifty Midcap 150 by 0.64% in Mar'24
AUM Change
- AUM of the fund stands at 14.3K Cr as of Mar'24
- AUM increased by 5.5K Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Mirae Asset Midcap Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Thermax Ltd | 25.2% |
 Tata Communications Ltd | 3.2% |
 Oracle Financial Services Software Ltd | 2.1% |
Peer Analysis
Mirae Asset Midcap Fund Direct Growth Fund Manager
Ankit Jain
Fund Manager of Mirae Asset Midcap Fund Direct Growth, since 29 July 2019
Top funds managed
Mirae Asset Midcap Fund Direct Growth 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 28.87% since inception which is more than its category average return of 18.76%
Fund Allocations
This fund has an allocation of 98.35% in Equity, 0% in Debt and 1.65% in Cash related instruments
AUM size ₹14252 Cr
This fund has AUM of ₹14252 Cr which is more than its category average of ₹ 7349 Cr
Expense Ratio 0.62%
This fund has an expense ratio of 0.62% which is less than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Mirae Asset Midcap Fund Direct Growth is ₹32.96 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
Mirae Asset Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.38% | 6.38% |
6 Month Returns | 17.89% | 17.89% |
1 Year Returns | 51.02% | 51.02% |
3 Years Returns | 98.48% | 25.67% |
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.
0.62% as on March 2024
₹14252 Cr as on March 2024
The Federal Bank Ltd(3.55%), Prestige Estates Projects Ltd(2.81%), Delhivery Ltd(2.65%), Tata Communications Ltd(2.59%), Indian Bank(2.55%) as on March 2024
Financial Services(21.65%), Consumer Cyclical(16.96%), Industrial(14.77%) as on March 2024
The alpha ratio for the Mirae Asset Midcap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Midcap Fund Direct Growth | -4.43 | 0.3 | - |
As on March 2024
The alpha for Mirae Asset Midcap Fund Direct Growth 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 Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Midcap Fund Direct Growth | 0.96 | 0.9 | - |
As on March 2024
The Beta for Mirae Asset Midcap Fund Direct Growth 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 Growth 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 Growth | 2.64 | 1.29 | - |
As on March 2024
The sharpe ratio for Mirae Asset Midcap Fund Direct Growth 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 Growth 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 Growth | 12.93 | 13.83 | - |
As on March 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 2.57 as on March 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 Growth
The Exit load of Mirae Asset Midcap Fund Direct Growth is 1%