MIRAE ASSET
MIDCAP FUND
(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 150 (TRI) |
| Minimum Investment Amount |
₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹ 1,000/- per application and in multiples of ₹ 1/- thereafter. |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019)## |
Monthly and Quarterly: ₹500/- (multiples of ₹1/- thereafter), minimum 5 in case of Monthly / Quarterly option. |
| 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 IDCW Option (Payout & Re-investment) |
| Monthly Average AUM (₹ Cr.) as on December 31, 2023 | 13,381.85 |
| Net AUM (₹ Cr.) |
13,815.10 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on December 31, 2023 |
Regular Plan: 1.69% Direct Plan: 0.56% |
| **For experience of Fund Managers Click Here | |
| ##Pursuant to notice cum addendum no. 69/2023, Minimum Systematic Investment Plan (SIP) Installment amount for certain Schemes has been Changed with effect from January 01, 2024. | |
| NAV: | Direct | Regular |
| Growth | ₹ 31.182 | ₹ 29.321 |
| IDCW | ₹ 26.262 | ₹ 24.540 |
| New Position Bought |
| Stock |
| Consumer Durables |
| Campus Activewear Limited |
| Financial Technology (Fintech) |
| One 97 Communications Limited |
| Healthcare Services |
| Vijaya Diagnostic Centre Limited |
| Non - Ferrous Metals |
| National Aluminium Company Limited |
| Positions Increased |
| Stock |
| Auto Components |
| Motherson Sumi Wiring India Limited |
| Banks |
| Indian Bank |
| The Federal Bank Limited |
| Utkarsh Small Finance Bank Ltd |
| Capital Markets |
| HDFC Asset Management Company Limited |
| Commercial Services & Supplies |
| TeamLease Services Limited |
| Consumer Durables |
| Voltas Limited |
| Electrical Equipment |
| Thermax Limited |
| Fertilizers & Agrochemicals |
| Bayer Cropscience Limited |
| Finance |
| LIC Housing Finance Limited |
| Financial Technology (Fintech) |
| PB Fintech Limited |
| Gas |
| Gujarat State Petronet Limited |
| Healthcare Services |
| Fortis Healthcare Limited |
| Industrial Manufacturing |
| Tega Industries Limited |
| Pharmaceuticals & Biotechnology |
| Ajanta Pharma Limited |
| Gland Pharma Limited |
| Lupin Limited |
| Retailing |
| FSN E-Commerce Ventures Limited |
| Textiles & Apparels |
| Page Industries Limited |
| Transport Services |
| Container Corporation of India Limited |
| Positions Decreased |
| Stock |
| Auto Components |
| Craftsman Automation Limited |
| Sona BLW Precision Forgings Limited |
| Banks |
| HDFC Bank Limited |
| State Bank of India |
| Chemicals & Petrochemicals |
| Atul Limited |
| Finance |
| Power Finance Corporation Limited |
| Shriram Finance Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Industrial Manufacturing |
| Honeywell Automation India Limited |
| Industrial Products |
| Bharat Forge Limited |
| SKF India Limited |
| IT - Software |
| LTIMindtree Limited |
| Personal Products |
| Emami Limited |
| Pharmaceuticals & Biotechnology |
| Biocon Limited |
| IPCA Laboratories Limited |
| Power |
| NTPC Limited |
| Portfolio Holdings | % Allocation |
| Banks | |
| The Federal Bank Ltd | 3.56% |
| Indian Bank | 2.02% |
| Axis Bank Ltd | 1.80% |
| HDFC Bank Ltd | 1.55% |
| State Bank of India | 1.23% |
| Utkarsh Small Finance Bank Ltd | 0.81% |
| Pharmaceuticals & Biotechnology | |
| Lupin Ltd | 2.69% |
| Laurus Labs Ltd | 1.28% |
| Gland Pharma Ltd | 1.19% |
| Natco Pharma Ltd | 1.13% |
| IPCA Laboratories Ltd | 1.08% |
| Biocon Ltd | 0.83% |
| Ajanta Pharma Ltd | 0.77% |
| Alkem Laboratories Ltd | 0.63% |
| Consumer Durables | |
| Crompton Greaves Consumer Electricals Ltd | 2.27% |
| Bata India Ltd | 2.05% |
| Kajaria Ceramics Ltd | 1.49% |
| Century Plyboards (India) Ltd | 1.06% |
| Dixon Technologies (India) Ltd | 0.99% |
| Voltas Ltd | 0.87% |
| Campus Activewear Ltd | 0.31% |
| Auto Components | |
| CEAT Ltd | 1.54% |
| Motherson Sumi Wiring India Ltd | 1.30% |
| Sona BLW Precision Forgings Ltd | 1.03% |
| Schaeffler India Ltd | 0.62% |
| Craftsman Automation Ltd | 0.55% |
| NRB Bearing Ltd | 0.51% |
| IT - Software | |
| Coforge Ltd | 2.81% |
| LTIMindtree Ltd | 1.69% |
| MphasiS Ltd | 0.89% |
| Industrial Products | |
| Bharat Forge Ltd | 2.48% |
| SKF India Ltd | 1.43% |
| Prince Pipes And Fittings Ltd | 1.17% |
| Finance | |
| LIC Housing Finance Ltd | 2.02% |
| Power Finance Corporation Ltd | 1.98% |
| Shriram Finance Ltd | 0.97% |
| Transport Services | |
| Container Corporation of India Ltd | 2.18% |
| Delhivery Ltd | 2.05% |
| Healthcare Services | |
| Fortis Healthcare Ltd | 2.23% |
| Vijaya Diagnostic Centre Ltd | 0.59% |
| Krishna Institute Of Medical Sciences Ltd | 0.56% |
| Chemicals & Petrochemicals | |
| Atul Ltd | 1.01% |
| Navin Fluorine International Ltd | 0.97% |
| Sudarshan Chemical Industries Ltd | 0.71% |
| Chemplast Sanmar Ltd | 0.67% |
| Cement & Cement Products | |
| JK Cement Ltd | 1.67% |
| ACC Ltd | 1.56% |
| Gas | |
| Gujarat State Petronet Ltd | 1.95% |
| Indraprastha Gas Ltd | 1.25% |
| Insurance | |
| Max Financial Services Ltd | 1.80% |
| Star Health And Allied Insurance Company Ltd | 0.68% |
| Financial Technology (Fintech) | |
| PB Fintech Ltd | 1.76% |
| One 97 Communications Ltd | 0.69% |
| Power | |
| NTPC Ltd | 2.45% |
| Retailing | |
| FSN E-Commerce Ventures Ltd | 2.02% |
| Electronics Mart India Ltd | 0.39% |
| Capital Markets | |
| HDFC Asset Management Company Ltd | 2.24% |
| Telecom - Services | |
| Tata Communications Ltd | 2.23% |
| Realty | |
| Prestige Estates Projects Ltd | 2.15% |
| Minerals & Mining | |
| NMDC Ltd | 2.09% |
| Fertilizers & Agrochemicals | |
| Bayer Cropscience Ltd | 2.03% |
| Electrical Equipment | |
| Thermax Ltd | 1.97% |
| Industrial Manufacturing | |
| Honeywell Automation India Ltd | 1.00% |
| Tega Industries Ltd | 0.47% |
| Textiles & Apparels | |
| Page Industries Ltd | 1.46% |
| Personal Products | |
| Emami Ltd | 1.16% |
| Automobiles | |
| TVS Motor Company Ltd | 1.04% |
| Commercial Services & Supplies | |
| TeamLease Services Ltd | 0.95% |
| Leisure Services | |
| The Indian Hotels Company Ltd | 0.72% |
| Non - Ferrous Metals | |
| National Aluminium Company Ltd | 0.52% |
| Equity Holding Total | 97.82% |
| Cash & Other Receivables | 2.18% |
| Total | 100.00% |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| Mirae Asset Midcap Fund | 34.51% | 27.94% | 27.50% | |
| Scheme Benchmark* | 44.61% | 30.58% | 28.67% | |
| Additional Benchmark** | 20.33% | 16.19% | 17.17% | |
| NAV as on 29th December, 2023 | ₹ 29.321 | |||
| Index Value (29th December, 2023) | Index Value of Scheme benchmark is 21,478.21 and S&P BSE Sensex (TRI) is 1,10,664.15 |
|||
| Allotment Date | 29 July, 2019 | |||
| Scheme Benchmark | *Nifty Midcap 150 (TRI) | |||
| Additional Benchmark | **S&P BSE Sensex (TRI) | |||
Fund manager : Mr. Ankit Jain managing the scheme since July, 2019
Note: Returns below or for 1 year are absolute returns, returns above 1 year are CAGR- Compounded Annualized Growth returns.
Latest available NAV has been taken for return calculation wherever applicable
Past Performance may or may not be sustained in future.
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 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option
| Period | Total Amount Invested | Mkt Value as on 29-December-2023 |
SI |
5,30,000 | 9,96,144 |
3 Yrs |
3,60,000 | 5,19,580 |
1 Yr |
1,20,000 | 1,51,575 |
Returns (%) |
Period |
||
SI |
3yrs |
1yr |
|
Fund Return& (%) |
29.38 | 25.44 | 52.77 |
Benchmark Return& (%) |
32.53 | 30.36 | 62.56 |
Add. Benchmark Return& (%) |
19.23 | 16.84 | 30.46 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Regular Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
14-Feb-23 |
1.75 |
10.00 |
19.170 |
| Direct Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
14-Feb-23 |
1.70 |
10.00 |
20.220 |
Past Performance may or may not be sustained in future. Pursuant to payment of IDCW the NAV of the IDCW option of the scheme will fall to the extent of payout and statutory levy (if any). IDCW history is for Mirae Asset Midcap Fund - Regular & Direct Plan - IDCW Option
| Volatility | 14.69% |
| Beta | 0.84 |
| R Squared | 0.84 |
| Sharpe Ratio# | 1.43 |
| Information Ratio | -0.43 |
| Portfolio Turnover Ratio | 0.47 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 December, 2023. ^Basis last rolling 12 months. |
|
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
*Investors should consult their financial advisers if they are not clear about the suitability of the product.