December 29, 2025
RA Jainee
Mirae Asset Midcap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 41.10 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 29.38 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 99 |
| Min. No of Cheques | 5 |
| Benchmark | NIFTY Midcap 150 TRI |
| AUM Rs. | 18,380 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.55% |
| 1 Year Return (%) | 9.19 |
| 3 Year Return (%) | 22.26 |
| 5 Year Return (%) | 23.83 |
| 10 Year Return (%) | — |
| Return Since Launch | 24.64% |
⚖️ Sahifund Review — Mirae Asset Midcap Fund ✓
PLUS: Stability, track record, cost efficiency
Mirae Asset Midcap Fund has built a credible midcap franchise since its 2019 launch, delivering strong 3-year and 5-year returns of ~22–24%, comfortably in line with the category. The fund follows a quality-growth approach with reasonable diversification across ~70 stocks, limiting single-stock risk. A low expense ratio of 0.55% aids long-term compounding, while consistent benchmark-beating phases underline process discipline. Backed by Mirae Asset Mutual Fund, governance and research depth add comfort for long-term investors.
MINUS: Large AUM, large-cap bias, momentum lag
With assets exceeding Rs. 18,000 Cr, flexibility in fast-moving midcaps can be constrained. Portfolio turnover is high (~110%), which may add volatility in choppy markets. The fund also carries a meaningful large-cap exposure, which can cause momentum lag during sharp midcap rallies. Short-term performance can therefore trail more aggressive peers in strong risk-on phases.
Decisive Line (Sahifund View):
Best suited for long-term SIP investors (7+ years) seeking disciplined midcap exposure with reasonable costs and the ability to tolerate interim volatility.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks 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.
Fund Manager:
1) Ankit Jain
Education: Mr. Jain is a B.Tech (ICT) and MBA (Finance).
Experience: Prior to joining Mirae Asset Mutual Fund (Sep. 7, 2015) as a Research Analyst he was associated with Equirus Securities Pvt Ltd. and Infosys Ltd. He has more than 5 years of professional experience and his primary responsibility includes Investment Analysis and Fund Management.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 99 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 15% of the investment, 1% will be charged for redemption within 1 year |
Basic Details of Mirae Asset Midcap Fund
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | 29-Jul-19 |
| Return Since Launch | 24.64% |
| Benchmark | NIFTY Midcap 150 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 18,380 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.55% |
| (As on 30-Nov-2025) | |
| Risk Grade | Above Average |
| Return Grade | Average |
| Turnover | 110.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Midcap Dir | 9.06 | -0.06 | -1.20 | 5.57 | 5.16 | 9.19 | 22.26 | 23.83 | — | — |
| BSE 150 MidCap TRI | 3.31 | -0.22 | -1.13 | 4.43 | 1.84 | 3.65 | 23.80 | 23.89 | — | — |
| Equity: Mid Cap | 2.75 | -0.34 | -1.49 | 4.38 | 1.11 | 2.92 | 23.27 | 22.98 | — | — |
| Rank within category | 2 | 1 | 29 | 26 | 3 | 2 | 29 | 12 | — | — |
| Number of funds in category | 48 | 57 | 55 | 54 | 52 | 48 | 40 | 25 | 22 | 19 |
Peer Comparison of Mirae Asset Midcap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Mirae Asset Midcap Dir | 3 star | 9.19 | 22.26 | 23.83 | 0.55 | 18,380 | 24.64 | 1.00 (365) | 6Y 5M | 110.00 |
| HDFC Mid Cap Dir | 5 star | 7.22 | 26.78 | 26.48 | 0.71 | 92,169 | 20.96 | 1.00 (365) | 12Y 11M | 13.07 |
| Kotak Midcap Dir | 4 star | 2.88 | 23.06 | 24.31 | 0.37 | 60,480 | 20.51 | 1.00 (365) | 12Y 11M | 24.73 |
| Nippon India Growth Mid Cap Dir | 4 star | 4.44 | 26.3 | 25.99 | 0.73 | 42,042 | 18.56 | 1.00 (30) | 12Y 11M | 6.00 |
| Motilal Oswal Midcap Dir | 5 star | -10.08 | 27.18 | 29.39 | 0.72 | 38,003 | 22.80 | 1.00 (365) | 11Y 10M | 124.00 |
Portfolio Analysis of Mirae Asset Midcap Fund
| No. of Stocks | 69 |
| Top 10 Stocks | 27.40% |
| Top 5 Stocks | 15.02% |
| Top 3 Sectors | 51.27% |
| Portfolio P/B Ratio | 3.65 |
| Portfolio P/E Ratio | 31.99 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 55,556 | 64,456 |
| Giant (%) | 1.98 | 5.25 |
| Large (%) | 34.25 | 40.03 |
| Mid (%) | 59.31 | 55.71 |
| Small (%) | 4.46 | 4.06 |
| Tiny (%) | — | 2.05 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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