September 14, 2022
mayank
Mirae Asset Midcap Fund
NAV Growth : Rs 23.2800
NAV IDCW : Rs 21.4060
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 Equirius 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) : | 1,000 |
| Min. Withdrawal (Rs) : | — |
| Min. No of Cheques : | 5 |
| Min. Balance (Rs) : | — |
| Lock-in Period : | NA |
| Exit Load : | 1% for redemption within 365 days |
Basic Details
| Fund House : | Mirae Asset Mutual Fund |
| Launch Date : | 29-Jul-19 |
| Return Since Launch : | 31.01% |
| Benchmark : | NIFTY Midcap 150 TRI |
| Riskometer : | Very High |
| Type : | Open-ended |
| Assets : | Rs 8,499 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.64% |
| (As on 31-Jul-2022) | |
| Risk Grade : | Below Average |
| Return Grade : | Above Average |
| Turnover : | 48.00% |
Mirae Asset Midcap Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Midcap Dir | 7.84 | 0.31 | 4.02 | 19.6 | 13.4 | 9.68 | 31.83 | — | — | — |
| S&P BSE 150 MidCap TRI | 6.05 | 0.23 | 5.18 | 20.4 | 13.96 | 9.29 | 29.95 | — | — | — |
| Equity: Mid Cap | 6.78 | 0.2 | 5.54 | 21.03 | 14.59 | 10.2 | 28.62 | — | — | — |
| Rank within category | 10 | 9 | 30 | 23 | 20 | 16 | 5 | — | — | — |
| Number of funds in category | 30 | 34 | 32 | 32 | 31 | 28 | 24 | 20 | 19 | 0 |
Mirae Asset Midcap Fund Peer Comparison
| Fund name | 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 | 4 star | 9.68 | 31.83 | — | 0.64 | 8,499 | 31.01 | 1.00 (365) | 3yrs 1mo | 48.00 |
| Kotak Emrgng Eqt Dir | 4 star | 13.22 | 30.65 | 17.46 | 0.49 | 21,935 | 20.93 | 1.00 (365) | 9yrs 8mo | 3.16 |
| Axis Midcap Dir | 5 star | 3.99 | 27.57 | 19.04 | 0.52 | 19,504 | 19.89 | 1.00 (365) | 9yrs 8mo | 24.00 |
| Nippon Ind Growth Dir | 4 star | 11.23 | 29.48 | 16.13 | 1.20 | 13,225 | 17.32 | 1.00 (30) | 9yrs 8mo | 80.00 |
| PGIM Ind Midcap Opp Dir | 5 star | 12.31 | 44.13 | 21.71 | 0.42 | 6,614 | 20.64 | 0.50 (90) | 8yrs 9mo | 104.00 |
Portfolio Analysis
| No. of Stocks : | 55 |
| Top 10 Stocks % : | 31.38 |
| Top 5 Stocks % : | 18.40 |
| Top 3 Sectors % : | 42.37 |
| Portfolio P/B Ratio : | 2.78 |
| Portfolio P/E Ratio : | 18.29 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 33,057 | 34,052 |
| Giant (%) | 8.24 | 5.85 |
| Large (%) | 8.26 | 12.89 |
| Mid (%) | 77.52 | 77.76 |
| Small (%) | 5.99 | 5.94 |
| Tiny (%) | — | 1.30 |
Mirae Asset Midcap Fund by Chanakya :
Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years.
Apply Online :
Stock Research Reports :
https://www.analysislibrary.com/
NFO Guidance :
https://sahifund.com/category/nfos/
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