Mirae Asset Midcap Fund - Growth - Direct Plan

NAV 32.31(-2.52%)
Feb 14, 2025
Mirae Asset Midcap Fund - Growth - Direct Plan
AUM
₹15,460 Cr
Expense (%)
0.55
Turnover (%)
95.00
Benchmark
Nifty Midcap 150 - TRI
Asset Quality
Mid, Green
Differs from benchmark (%)
62.92

3Yr Rolling Returns(%)

Benchmark# : undefined
                                                                                                                                                            Benchmark# is
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Top 10 Holdings

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FAQ : Mirae Asset Midcap Fund - Growth - Direct Plan

Mirae Asset Midcap Fund - Growth - Direct Plan has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) 7 15.58 22.95 N/A
Average Rolling Returns(%) 35.91 27.11 27.17 N/A

The Current NAV of Mirae Asset Midcap Fund - Growth - Direct Plan is ₹32.31.

You should look for a fund with better more consistent performance track record. Funds returns are more likely to be different than its benchmark Nifty Midcap 150 returns, as Funds portfolio is significantly different.

Mirae Asset Midcap Fund - Growth - Direct Plan fund’s expense ratio is 0.55%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of Mirae Asset Midcap Fund - Growth - Direct Plan is currently ₹15,461 Crores.

The Top three stocks are Federal Bank, Mphasis and Lupin and account for 8% of its portfolio. Top 5 and 10 stocks of fund account for 13% and 24% of fund’s portfolio respectively.

Top three sectors of Mirae Asset Midcap Fund - Growth - Direct Plan fund are BFSI, IT and Auto accounting for 41% of the total portfolio.

Funds Portfolio Quality is Somewhat Good. It has a large proportion of Green and Orange Stocks.Since this is a Equity - Mid Cap Fund it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of Mirae Asset Midcap Fund - Growth - Direct Plan Fund is Equity - Mid Cap Fund.

Ankit Jain manages the Mirae Asset Midcap Fund - Growth - Direct Plan Fund.

Mirae Asset Midcap Fund - Growth - Direct Plan current PE ratio is 38.67 and PB ratio is 6.40

The asset allocation of Mirae Asset Midcap Fund - Growth - Direct Plan is Stocks : 99.23%, Debt : 0.78% and Gold : 0%

The minimum SIP amount for Mirae Asset Midcap Fund - Growth - Direct Plan is ₹99.00 and minimum lumpsum is ₹5000.00

The exit load for Mirae Asset Midcap Fund - Growth - Direct Plan is N/A

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