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 June 30, 2024 | 16,203.176 |
| Net AUM (₹ Cr.) |
16,667.30 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on June 30, 2024 |
Regular Plan: 1.66% Direct Plan: 0.56% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 37.200 | ₹ 34.789 |
| IDCW | ₹ 28.790 | ₹ 26.760 |
| New Position Bought |
| Stock |
| Diversified Metals |
| Vedanta Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Finance |
| L&T Finance Limited |
| Pharmaceuticals & Biotechnology |
| Dr. Reddy's Laboratories Limited |
| Realty |
| Sobha Limited |
| Sobha Ltd Rights |
| Positions Increased |
| Stock |
| Auto Components |
| Apollo Tyres Limited |
| Craftsman Automation Limited |
| Banks |
| Axis Bank Limited |
| Cement & Cement Products |
| ACC Limited |
| Dalmia Bharat Limited |
| Chemicals & Petrochemicals |
| Deepak Nitrite Limited |
| Commercial Services & Supplies |
| TeamLease Services Limited |
| Finance |
| Mahindra & Mahindra Financial Services Limited |
| Healthcare Services |
| Fortis Healthcare Limited |
| Vijaya Diagnostic Centre Limited |
| Household Products |
| Jyothy Labs Limited |
| Industrial Products |
| AIA Engineering Limited |
| Cummins India Limited |
| Insurance |
| Go Digit General Insurance Limited |
| IT - Software |
| Mphasis Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Pharmaceuticals & Biotechnology |
| Gland Pharma Limited |
| Laurus Labs Limited |
| Lupin Limited |
| Retailing |
| Electronics Mart India Limited |
| Telecom - Services |
| Indus Towers Limited |
| Tata Communications Limited |
| Textiles & Apparels |
| K.P.R. Mill Limited |
| Positions Decreased |
| Stock |
| Auto Components |
| Bharat Forge Limited |
| Motherson Sumi Wiring India Limited |
| Banks |
| Indian Bank |
| Kotak Mahindra Bank Limited |
| The Federal Bank Limited |
| Capital Markets |
| HDFC Asset Management Company Limited |
| Cement & Cement Products |
| JK Cement Limited |
| Consumer Durables |
| Crompton Greaves Consumer Electricals Limited |
| Voltas Limited |
| Fertilizers & Agrochemicals |
| Bayer Cropscience Limited |
| Finance |
| LIC Housing Finance Limited |
| Financial Technology (Fintech) |
| PB Fintech Limited |
| Insurance |
| Max Financial Services Limited |
| IT - Software |
| Coforge Limited |
| Oracle Financial Services Software Limited |
| Minerals & Mining |
| NMDC Limited |
| Pharmaceuticals & Biotechnology |
| Ajanta Pharma Limited |
| Aurobindo Pharma Limited |
| Realty |
| Prestige Estates Projects Limited |
| Portfolio Holdings | % Allocation |
Auto Components |
|
Bharat Forge Limited |
2.59% |
Motherson Sumi Wiring India Limited |
1.91% |
CEAT Limited |
1.56% |
Schaeffler India Limited |
1.54% |
Apollo Tyres Limited |
1.40% |
Sona BLW Precision Forgings Limited |
1.07% |
Craftsman Automation Limited |
0.92% |
NRB Bearing Limited |
0.44% |
Pharmaceuticals & Biotechnology |
|
Lupin Limited |
2.59% |
Gland Pharma Limited |
2.05% |
Aurobindo Pharma Ltd |
1.72% |
Laurus Labs Limited |
1.43% |
Alkem Laboratories Limited |
0.79% |
Dr. Reddy's Laboratories Ltd |
0.68% |
Ajanta Pharma Ltd |
0.53% |
IPCA Laboratories Limited |
0.50% |
Banks |
|
Axis Bank Ltd |
2.51% |
Indian Bank |
2.51% |
The Federal Bank Limited |
2.27% |
HDFC Bank Ltd |
1.30% |
Utkarsh Small Finance Bank Ltd |
0.64% |
Kotak Mahindra Bank Ltd |
0.59% |
Consumer Durables |
|
Crompton Greaves Consumer Electricals Limited |
1.76% |
Bata India Limited |
1.56% |
Kajaria Ceramics Ltd |
1.10% |
Voltas Ltd |
1.00% |
Century Plyboards (India) Limited |
0.87% |
Campus Activewear Limited |
0.58% |
Industrial Products |
|
Cummins India Limited |
1.73% |
SKF India Limited |
1.61% |
AIA Engineering Limited |
1.37% |
Prince Pipes And Fittings Limited |
0.88% |
IT - Software |
|
MphasiS Limited |
2.21% |
Oracle Financial Services Software Limited |
1.82% |
Coforge Limited |
0.80% |
Telecom - Services |
|
Indus Towers Limited |
2.29% |
Tata Communications Limited |
2.05% |
Cement & Cement Products |
|
ACC Limited |
2.00% |
JK Cement Limited |
1.03% |
Dalmia Bharat Limited |
1.00% |
Finance |
|
LIC Housing Finance Limited |
2.01% |
Mahindra & Mahindra Financial Services Limited |
1.10% |
L&T Finance Limited |
0.64% |
Transport Services |
|
Delhivery Limited |
2.32% |
Container Corporation of India Limited |
1.33% |
Realty |
|
Prestige Estates Projects Limited |
2.61% |
Sobha Limited |
1.00% |
Chemicals & Petrochemicals |
|
Navin Fluorine International Limited |
0.98% |
Sudarshan Chemical Industries Limited |
0.88% |
Deepak Nitrite Limited |
0.77% |
Chemplast Sanmar Limited |
0.67% |
Healthcare Services |
|
Fortis Healthcare Limited |
2.12% |
Vijaya Diagnostic Centre Limited |
0.80% |
Retailing |
|
FSN E-Commerce Ventures Limited |
2.01% |
Electronics Mart India Limited |
0.76% |
Textiles & Apparels |
|
Page Industries Ltd |
1.73% |
K.P.R. Mill Limited |
0.75% |
Capital Markets |
|
HDFC Asset Management Company Limited |
2.23% |
Insurance |
|
Max Financial Services Ltd |
1.33% |
Go Digit General Insurance Limited |
0.87% |
Fertilizers & Agrochemicals |
|
Bayer Cropscience Limited |
1.94% |
Industrial Manufacturing |
|
Honeywell Automation India Limited |
1.42% |
Tega Industries Limited |
0.35% |
Power |
|
NTPC Ltd |
1.70% |
Gas |
|
Gujarat State Petronet Limited |
0.92% |
Indraprastha Gas Limited |
0.60% |
Financial Technology (Fintech) |
|
PB Fintech Limited |
0.83% |
One 97 Communications Limited |
0.60% |
Household Products |
|
Jyothy Labs Limited |
1.09% |
Petroleum Products |
|
Hindustan Petroleum Corporation Ltd |
0.99% |
Minerals & Mining |
|
NMDC Limited |
0.89% |
Ferrous Metals |
|
Tata Steel Ltd |
0.89% |
Commercial Services & Supplies |
|
TeamLease Services Limited |
0.83% |
Diversified Metals |
|
Vedanta Limited |
0.76% |
Electrical Equipment |
|
Thermax Limited |
0.67% |
Equity Holding Total |
98.68% |
Cash & Other Receivables |
1.32% |
Total |
100.00% |
| Returns (in%) | ||||
| 1 Year | 3 Years | Since inception | Value of 10000 invested Since Inception (in Rs.) | |
| Mirae Asset Midcap Fund | 47.46% |
23.34% |
28.80% |
34,789 |
| Scheme Benchmark* | 56.44% |
27.95% |
30.66% |
37,339 |
| Additional Benchmark** | 23.69% |
16.07% |
17.61% |
22,237 |
| NAV as on 30th June, 2024 | ₹ 34.789 | |||
| Index Value (30th June, 2024) | Index Value of Scheme benchmark is 26,267.88 and BSE Sensex (TRI) is 1,21,991.93 | |||
| Allotment Date | 29 July, 2019 | |||
| Scheme Benchmark | *Nifty Midcap 150 (TRI) | |||
| Additional Benchmark | **BSE Sensex (TRI)## | |||
Fund manager : Mr. Ankit Jain managing the scheme since July, 2019
Note: Returns for 1 year and below 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.
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 30-June-2024 |
Since inception |
5,90,000 |
12,49,237 |
3 Years |
3,60,000 |
5,52,510 |
1 Year |
1,20,000 |
1,48,789 |
Returns (%) |
Period |
||
Since inception |
3 Years |
1 Year |
|
Fund Return& (%) |
31.22 |
30.04 |
48.07 |
Nifty Midcap 150 (TRI)& (%) |
35.17 |
36.51 |
57.41 |
BSE Sensex (TRI)& (%)## |
19.69 |
18.67 |
28.92 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 14.41% |
| Beta | 0.89 |
| R Squared | 0.86 |
| Sharpe Ratio# | 1.14 |
| Information Ratio | -0.81 |
| Portfolio Turnover Ratio | 0.72 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 30th June, 2024. ^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.
| Regular Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
14-Feb-23 |
1.75 |
10.00 |
19.170 |
22-Mar-24 |
2.00 |
10.00 |
24.383 |
| Direct Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
14-Feb-23 |
1.70 |
10.00 |
20.220 |
22-Mar-24 |
2.15 |
10.00 |
26.157 |
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