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Mirae Asset Midcap Fund Direct IDCW
★★★★★ TopFund est.
TopFund Score (fallback rating)
- Calculated by: TopFund — used only when no third-party rating exists for this fund
- Formula: 3-year trailing return percentile within category, adjusted ±1 star for expense ratio
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: A simplified 2-factor estimate, not equivalent to a rating agency's full analysis
TopFund Score: 51/100 · Average
How this score is calculated
- Star rating (35%)2/5
- 3Y CAGR (30%)6.63%
- Expense ratio (20%)0.36%
- AUM (15%)₹20 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Mirae Asset Mutual Fund · Equity · Mid Cap Fund
₹10.49
AUM: ₹20 Cr
NAV updated 17 days ago
Plan
Direct
Option
Idcw
Risk
Very High
Expense Ratio
0.36%
Exit Load
Exit load of 0.05%, if redeemed within 15 days.
Fund Manager
Ekta Gala
Inception
Jul 2026
Benchmark
BSE Midcap 150 Momentum 30 Total Return Index
Sharpe Ratio
-0.14
Std Dev (1Y)
17.63%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.14%
3m
+9.5%
6m
+13.88%
1y
+2.1%
3y
+6.63%
5y
+6.54%
10y
+17.23%
since inception
+16.29%
TopFund's Take on Mirae Asset Midcap Fund Direct IDCW
Mirae Asset Midcap Fund Direct IDCW sits in the middle of the pack for Mid Cap Fund funds, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 51/100.
Cost: At 0.36%, the expense ratio is roughly in line with the Mid Cap Fund category average of 0.36% — cost isn't a standout factor either way for this fund.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.14 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 17.63% is fairly typical for Mid Cap Fund 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
Similar Funds
No similar funds found.
Tools & Guides for This Fund
Frequently Asked Questions about Mirae Asset Midcap Fund Direct IDCW
The current NAV (Net Asset Value) of Mirae Asset Midcap Fund Direct IDCW is ₹10.49. NAV is updated every business day after market close by AMFI.
1Y: 2.1% · 3Y CAGR: 6.63% · 5Y CAGR: 6.54%
The expense ratio of Mirae Asset Midcap Fund Direct IDCW is 0.36% per annum. This is the annual fee charged by the fund to manage your investment.
Mirae Asset Midcap Fund Direct IDCW is managed by Ekta Gala at Mirae Asset Mutual Fund.
Mirae Asset Midcap Fund Direct IDCW 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 IDCW 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 IDCW 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 IDCW is ₹20 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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