Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Mirae Asset Midcap Fund- Direct Growth Option
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 3/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 79/100 · Good
How this score is calculated
- Star rating (35%)3/5
- 3Y CAGR (30%)15.79%
- Expense ratio (20%)0.94%
- AUM (15%)₹20,268 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Mirae Asset Mutual Fund · Equity · Mid Cap
₹44.19
AUM: ₹20,267 Cr
NAV updated 17 days ago
Plan
Direct
Option
Growth
Risk
Very High
Expense Ratio
0.94%
Exit Load
Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 years.
Fund Manager
Ankit Jain
Inception
Jul 2019
Benchmark
NIFTY Midcap 150 Total Return Index
Sharpe Ratio
0.48
Std Dev (1Y)
15.29%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-0.5%
3m
+9.5%
6m
+13.88%
1y
+11.08%
3y
+15.79%
5y
+15.86%
10y
—
since inception
+23.36%
TopFund's Take on Mirae Asset Midcap Fund- Direct Growth Option
Mirae Asset Midcap Fund- Direct Growth Option holds up reasonably well within the Mid Cap category, currently carrying a 3-star rating. It has delivered steady, if unspectacular, returns over a full market cycle. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 79/100.
Cost: At 0.94%, the expense ratio runs 22% above the Mid Cap category average of 0.77%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a modest Sharpe ratio of 0.48 — returns have only marginally compensated for the risk taken. Separately, annualised volatility of 15.29% is fairly typical for Mid Cap funds.
Who should invest: This fund is best suited to investors with a 5+ year horizon comfortable with meaningfully higher volatility than large cap funds. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Mirae Asset Midcap Fund- Direct Growth Option
The current NAV (Net Asset Value) of Mirae Asset Midcap Fund- Direct Growth Option is ₹44.19. NAV is updated every business day after market close by AMFI.
1Y: 11.08% · 3Y CAGR: 15.79% · 5Y CAGR: 15.86%
The expense ratio of Mirae Asset Midcap Fund- Direct Growth Option is 0.94% per annum. This is the annual fee charged by the fund to manage your investment.
Mirae Asset Midcap Fund- Direct Growth Option is managed by Ankit Jain at Mirae Asset Mutual Fund.
Mirae Asset Midcap Fund- Direct Growth Option is classified as a Very High risk fund. It is suitable for aggressive investors with a long-term horizon of 5+ years.
Yes, Mirae Asset Midcap Fund- Direct Growth Option is an equity fund, making it suitable for SIP investments. Regular monthly SIPs help average out market volatility through rupee-cost averaging.
You can start a SIP in Mirae Asset Midcap Fund- Direct Growth Option with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Mirae Asset Midcap Fund- Direct Growth Option is ₹20,268 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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