Mirae Asset Midcap Fund Direct Growth

Equity
Mid Cap
Moderately High Risk
19.84%
3Y annualised
-2.24% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 22 Oct 2024₹37.68
Min. SIP amount₹99
Rating3
Fund size₹17,787.87Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity Mid Cap
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns35.9%19.8%28.5%28.8%
Category average41.5%21.0%26.9%NA
Rank with in category362213NA
Understand terms

Holdings (77)

NameSectorInstrumentAssets
ServicesEquity2.79%
FinancialEquity2.54%
FinancialEquity2.45%
Capital GoodsEquity2.39%
ServicesEquity2.34%
FinancialEquity2.29%
CommunicationEquity2.29%
CommunicationEquity2.26%
TechnologyEquity2.24%
HealthcareEquity2.21%
See All

Pros and cons

Category: Equity Mid Cap

Pros

Lower expense ratio: 0.57%
5Y annualised returns higher than category average by 1.54%

Cons

Consistently lower annualised returns than category average for the past 1Y and 3Y

Expense ratio, exit load and tax

Expense ratio: 0.57%

Inclusive of GST

Exit load

Exit load of 1% if redeemed within 1 year.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹99

Fund management

Ankit Jain
Jul 2019 - Present
View details

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.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
30 Nov 2007
E-mail
NA
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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