View Performance of the funds managed by the Fund Manager
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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 mid cap 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
Invest predominantly (>65%) in to Mid-Cap equity and equity related instruments (101st -250th company in terms of full market capitalization). The fund may also participate in other Indian equities based on factors like relative valuations, liquidity and market sentiments
Aim to build a portfolio of companies having robust business models which have the potential to grow into tomorrow’s large caps.
Diversified portfolio with participation across sectors
The universe of stocks will comprise majorly of companies having robust business models, enjoying sustainable competitive advantages as compared to their competitors and have high return ratios.
The Fund Manager will endevour to create a robust portfolio to avoid concentration risk and liquidity risk. The Fund Managers will monitor the trading volumes in a particular stock before investment to avoid liquidity risk.
An open ended equity scheme predominately investing in mid cap stocks
Mr. Ankit Jain (Since inception)
29th July, 2019
NIFTY Midcap 150 (TRI)
₹ 5,000/- and in multiples of ₹ 1/- thereafter.
₹ 1,000/- per application and in multiples of ₹ 1/- thereafter.
Regular Plan - 1.72%
Direct Plan - 0.62%
Regular and Direct Plan
Growth Option and IDCW (Payout / Reinvestment)
3-5 Years
Investments predominantly in mid cap companies (101st -250th company in terms of full market capitalization)
Wealth Creation
Midcap funds are equity mutual fund schemes which invest at least 65% of their assets in midcap stocks. Midcap companies are those which are ranked between 101st and 250th in the list of companies based on market capitalization. To have a fair idea, the market capitalization of the 101st midcap company is around Rs. 27,000 Crores, while the market capitalization of the 250th company is around Rs. 7,000 Crores (Source: AMFI – data as on 30th June 2020).
Midcap equity mutual fund schemes provide a diversified portfolio of midcap stocks for investors. Midcap stocks aim to offer greater wealth creation potential over large cap stocks but with less volatility and risk compared to small cap stocks.
At least 65% of the scheme assets should be invested in 101st to 250th stocks by market cap (universe of 150 stocks). The balance of the scheme assets can be deployed across market cap segments (including large cap and small cap) and asset classes at the fund manager’s discretion
The fund can take exposure in large and small cap stocks subject to the restrictions for the Scheme Information Document and Scheme category guidelines, mandated by SEBI.
SEBI has, vide its circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated 6th October 2017, defined large cap, mid cap and small cap companies in order to ensure uniformity in respect of the investment universe for equity mutual fund schemes. Further, SEBI has also stipulated that AMFI shall prepare the list of stocks in this regard, in accordance with the points specified under para 8 of the circular.
Accordingly, AMFI, in consultation with SEBI and Stock Exchanges, prepares the list of stocks, based on the data provided by Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and Metropolitan Stock Exchange of India (MSEI) and displays on its website https://www.amfiindia.com/research-information/other-data/categorization-of-stocks
The AMCs are required to disclose full portfolios of each scheme on a monthly basis on their website and also on their monthly fact sheet. The scheme portfolio shows investment made in each security i.e. equity, equity related instruments and other instruments as per the scheme mandate, along with the respective quantities, market value and % weightage to the NAV.
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.
Suggested investment tenure is 5– 7 years+.
The risk profile of Mirae Asset Midcap fund is ‘Moderately High’. Investors should understand that their principal investment in this fund will be at moderately high risk.
The Scheme has Regular Plan and Direct Plan with a common portfolio and separate NAVs. Investors should indicate the Plan for which the subscription is made by indicating the choice in the application form. Each of the above Regular and Direct Plan under the scheme will have the following Options - 1) Growth Option and 2) Dividend Option. Under the Dividend option, there will be 2 sub options -: 1) Dividend Payout and 2) Dividend Reinvestment.
Total Expense ratio or TER represents the annual fund operating expenses of a scheme, expressed as a percentage (%) of the fund’s daily net assets. All expenses of an AMC must be managed within the maximum limits of TER as per SEBI Mutual Fund Regulations.
As per the current regulations, the TER allowed is 2.25% for the first Rs.500 Crores, 2.00% for the next Rs.250 Crores, 1.75% for the next Rs.1,250 Crores, 1.60% for the next Rs. 3,000 Crores and 1.50% for next Rs 5,000 Crores.
On the next Rs. 40,000 Crores of the daily net assets, TER reduction of 0.05% for every increase of Rs.5,000 Crores of daily net assets or part thereof, on the next Rs. 40,000 Crores of the daily net assets. Balance of assets, the TER would be 1.05%.
For example - An expense ratio of 2.00% per annum means that, each year 2.00% of the schemes’ total assets (AUM) can be used to cover operating expenses like administration, management, advertising and brokerage payment, etc.
There may be changes from time to time in a mutual fund scheme. In such cases, the AMC is required to inform about the changes to all their unit holders through email, direct communication and through newspaper advertisement. If the change is pertaining to any fundamental attribute of the Scheme, the AMC shall comply with requisite procedure as prescribed in the MF Regulations, like offering one month load free exit period, etc. Apart from the above, the Scheme Information Document (SID) and Key Information Memorandum (KIM) are also required to be updated.
With effect from this financial year (2020-21), dividends are taxable in the hands of the investor. The dividend has to be added to the total income of the investor and taxed at the income tax rate applicable to the investor. TDS at the rate of 10% will be done by AMC, if the dividend from equity funds exceeds Rs 5,000 in a financial year.
Capital gains arising out of long term investments (held for more than 12 months) are tax free upto Rs.1 Lakh in a financial year. Long term capital gain over Rs.1 Lakh in a financial year is taxed at 10%. Short term (investments held for less than 12 months) capital gains are taxed at 15%.
Investors can participate in the growth of mid-sized companies which have the potential to be tomorrow's large companies with the potential of wealth creation for the investor.Some of the other schemes managed by the same fund manager (e.g. Mirae Asset Emerging Bluechip, Mirae Asset Great Consumer Fund) are among the top performing funds in their categories. The fund has been able to outperform its benchmark Nifty Midcap 100 TRI since inception.
The fund’s returns are subject to market risks. Midcap funds are usually more volatile than large cap funds. The returns of the funds can even be negative depending on market conditions. Past performance of the fund may or may not be sustained in the future.
For Historic NAV Click here
Record date | Div. Ind (₹) | Div. Corp (₹) | Cum Nav (₹) |
For Historic Dividend Click here
Mirae Asset Equity Investment Process and Philosophy
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17
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Name | Asset |
*Data as on 31st March, 2022.
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futureValue = Future value considering the inflation rate
else
Calculate on current value.
SIPAmount = parseInt(-((Rate of interest / 12) * (-futureValue + (interest amount on loan * 0))) / ((-1 + interest amount on loan) * (1 + (rate of interest / 12))));
Annual Return = (Last NAV of the year - Last NAV of the previous year) / Last NAV of the previous year
For more details, please visit the AMFI website
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