MIRAE ASSET
MIDCAP FUND - (MAMCF)
(Midacap Fund - An open ended equity scheme predominantly investing in mid cap stocks)
| Type of Scheme | An open ended equity scheme predominantly investing in mid cap stocks |
| Investment Objective | 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 midcap companies. From time to time, the fund manager may also participate in other Indian equities and equity related securities for optimal portfolio construction. There is no assurance that the investment objective of the Scheme will be realized. |
Fund Manager** |
Mr. Ankit Jain (since inception) |
| Allotment Date | 29th July, 2019 |
| Benchmark Index | NIFTY Midcap 100 Index (TRI) |
| Minimum Investment Amount |
Investors can invest under the scheme with a minimum investment of ₹5,000/- and in multiples of ₹1/-thereafter. |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
Monthly and Quarterly: ₹1,000/- (multiples of ₹1/- thereafter), minimum 5 installments |
| Load Structure | Entry load: NA Exit load: If redeemed within 1 year (365 days) from the date of allotment: 1%. If redeemed after 1 year (365 days) from the date of allotment: NIL |
| Plans Available | Regular Plan and Direct Plan |
| Options Available | Growth Option and Dividend Option (Payout & Re-investment) |
| Monthly Average AUM (₹ Cr.) as on August 31, 2020 | 2,329.41 |
| Net AUM (₹ Cr.) |
2,377.50 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on August 31, 2020 |
Regular Plan: 2.09% Direct Plan: 0.47% |
| ANY DATE SIP provides one of the better investment experiences by allowing the investor to choose any investment date of the month (i.e., from 1st to 28th) depending upon the investors' expense and income flow. | |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct Plan | Regular Plan |
| Growth Option | ₹ 11.485 | ₹ 11.275 |
| Dividend Option | ₹ 11.485 | ₹ 11.276 |
| Portfolio Turnover Ratio^ | 0.52 times |
@The Volatility, Beta, R Squared, Sharpe Ratio & Information Ratio are calculated on returns from last three years Monthly data points. # Risk free rate: FBIL OVERNIGHT MIBOR as on 31st August 2020. ^Basis last rolling 12 months. |
|
| New Position Bought |
| Stock |
| Ferrous Metals |
| Jindal Steel & Power Limited |
| Positions Exited |
| Stock |
| Consumer Durables |
| VIP Industries Limited |
| Positions Increased |
| Stock |
| Auto Ancillaries |
| CEAT Limited |
| Banks |
| Axis Bank Limited |
| State Bank of India |
| Consumer Durables |
| Voltas Limited |
| Consumer Non Durables |
| Jyothy Labs Limited |
| Finance |
| Nippon Life India Asset Management Limited |
| Gas |
| Gujarat State Petronet Limited |
| Industrial Products |
| Bharat Forge Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Pharmaceuticals |
| Ajanta Pharma Limited |
| Lupin Limited |
| Natco Pharma Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Textile Products |
| Page Industries Limited |
| Positions Decreased |
| Stock |
| Chemicals |
| Tata Chemicals Limited |
| Construction |
| The Phoenix Mills Limited |
| Consumer Durables |
| Crompton Greaves Consumer Electricals Limited |
| Consumer Durables |
| Whirlpool of India Limited |
| Consumer Non Durables |
| Tata Consumer Products Limited |
| Industrial Capital Goods |
| Bharat Electronics Limited |
| Pharmaceuticals |
| Syngene International Limited |
| Software |
| MindTree Limited |
| Portfolio Holdings | % Allocation |
| Banks | |
| The Federal Bank Ltd | 3.61% |
| Axis Bank Ltd | 3.45% |
| State Bank of India | 2.59% |
| ICICI Bank Ltd | 2.26% |
| Pharmaceuticals | |
| Natco Pharma Ltd | 2.85% |
| IPCA Laboratories Ltd | 2.22% |
| Syngene International Ltd | 1.89% |
| Ajanta Pharma Ltd | 1.79% |
| Sun Pharmaceutical Industries Ltd | 1.36% |
| Lupin Ltd | 0.45% |
| Consumer Non Durables | |
| Emami Ltd | 3.48% |
| Tata Consumer Products Ltd | 3.36% |
| Kansai Nerolac Paints Ltd | 1.82% |
| Jyothy Labs Ltd | 1.05% |
| Industrial Products | |
| SRF Ltd | 3.92% |
| Bharat Forge Ltd | 2.89% |
| SKF India Ltd | 1.58% |
| Prince Pipes And Fittings Ltd | 1.08% |
| Finance | |
| Max Financial Services Ltd | 2.65% |
| Power Finance Corporation Ltd | 1.98% |
| Shriram Transport Finance Company Ltd | 1.48% |
| Nippon Life India Asset Management Ltd | 1.48% |
| Consumer Durables | |
| Voltas Ltd | 2.47% |
| Crompton Greaves Consumer Electricals Ltd | 1.90% |
| Century Plyboards (India) Ltd | 1.01% |
| Whirlpool of India Ltd | 0.89% |
| TTK Prestige Ltd | 0.84% |
| Software | |
| MindTree Ltd | 3.77% |
| L&T Technology Services Ltd | 1.57% |
| Auto | |
| TVS Motor Company Ltd | 2.43% |
| Ashok Leyland Ltd | 1.31% |
| Escorts Ltd | 1.14% |
| Auto Ancillaries | |
| Balkrishna Industries Ltd | 2.50% |
| CEAT Ltd | 2.00% |
| Industrial Capital Goods | |
| Bharat Electronics Ltd | 2.81% |
| Thermax Ltd | 1.03% |
| Gas | |
| Gujarat State Petronet Ltd | 3.34% |
| Telecom - Services | |
| Bharti Airtel Ltd | 2.57% |
| Power | |
| NTPC Ltd | 2.43% |
| Construction | |
| Kajaria Ceramics Ltd | 1.83% |
| The Phoenix Mills Ltd | 0.58% |
| Chemicals | |
| Tata Chemicals Ltd | 1.71% |
| Rossari Biotech Ltd | 0.69% |
| Cement | |
| JK Cement Ltd | 2.27% |
| Healthcare Services | |
| Apollo Hospitals Enterprise Ltd | 1.24% |
| Dr. Lal Path Labs Ltd | 0.76% |
| Petroleum Products | |
| Hindustan Petroleum Corporation Ltd | 1.97% |
| Ferrous Metals | |
| Jindal Steel & Power Ltd | 1.73% |
| Textile Products | |
| Page Industries Ltd | 1.12% |
| Retailing | |
| Aditya Birla Fashion and Retail Ltd | 1.09% |
| Equity Holding Total | 98.22% |
| Cash & Other Receivables | 1.78% |
| Total | 100.00% |
| Returns (%) | ||||
| 1 Yr | SI | |||
| MAMCF | 13.38 |
11.60 |
||
| Scheme Benchmark* | 7.48 |
4.86 |
||
| Additional Benchmark** | 4.60 |
3.45 |
||
| NAV as on 31st August, 2020 | 11.275 | |||
| Index Value (31st August, 2020) | Index Value of Scheme benchmark is 21752.53 and S&P BSE Sensex (TRI) is 56932.37 | |||
| Allotment Date | 29 July, 2019 | |||
| Scheme Benchmark | *Nifty Midcap 100 Index (TRI) | |||
| Additional Benchmark | **S&P BSE Sensex (TRI) | |||
Note:1. . Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Plan - Growth Option
2. Fund manager : Mr. Ankit Jain managing the scheme since July, 2019
3. The scheme is in existence for more than 1 year and less than 3 years.
| Period | Total Amount Invested | Mkt Value as on 31-August-2020 |
SI |
130,000 |
145,440 |
1 Yr |
120,000 |
134,054 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
20.94 |
22.42 |
Benchmark Return& (%) |
18.16 |
20.25 |
Add. Benchmark Return& (%) |
12.50 |
13.78 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
This product is suitable for investors who are seeking*
• To generate long term capital appreciation/income.
• Investments predominantly in equity & equity related securities of midcap companies
• Degree of risk – MODERATELY HIGH
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 