- Mutual Funds
- Mirae Asset Midcap Fund - Direct (G)
Mirae Asset Midcap Fund - Direct (G)
Mid Cap Fund
- NAV 29.27 (1.14%)
- Fund Size (Cr) ₹11783.59
- Expense Ratio 0.63
- Scheme Type Active Fund
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Value Research
- Minimum investment ₹5000
- Minimum Additional Investment ₹1000
- Minimum SIP Investment ₹1000
- Minimum Withdrawal ₹0
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Exit Load
1%
- Return Since Launch 28.04%
Basic Details
Ankit Jain
Nifty Midcap 150 TRI
OPEN
Lumpsum Returns
SIP Returns
Tax Treatment
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.
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Standard Deviation
4.31% -
Beta
0.87% -
Sharpe Ratio
2.05% -
Treynor’s Ratio
2.89% -
Jension’s Alpha
4.00%
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Top 10 stock holding in portfolio
Peer Comparison
- Scheme Name
- Value Research
- Asset Size (Cr)
- 1M
- 3M
- 6M
- 1Y
- 3Y
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Mirae Asset Midcap Fund - Direct (G)
- 11783.59
- 9.55%
- 5.66%
- 25.35%
- 25.64%
- 29.02%
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JM Midcap Fund - Direct (G)
- 536.63
- 11.42%
- 7.91%
- 30.34%
- 41.14%
- -
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JM Midcap Fund - Direct (IDCW)
- 536.63
- 11.42%
- 7.91%
- 30.34%
- 41.14%
- -
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Mahindra Manulife Mid Cap Fund - Direct (G)
- 1553.59
- 9.98%
- 8.48%
- 28.93%
- 36.18%
- 32.38%
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Mahindra Manulife Mid Cap Fund - Direct (IDCW)
- 1553.59
- 9.98%
- 8.48%
- 28.93%
- 36.17%
- 32.40%
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Nippon India Growth Fund - Direct (G)
- 19081.97
- 11.83%
- 11.47%
- 30.31%
- 35.92%
- 32.55%
News
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Mirae Asset MF Announces change in scheme name under its schemes
Mirae Asset Mutual Fund has announced the change in the names of its below mentioned funds, with effect from December 15, 2023 as follows:
Change in Scheme name:
Existing Scheme name(s) Revised Scheme name(s) Mirae Asset Emerging Bluechip Fund Mirae Asset Large & Midcap Fund Mirae Asset Short Term Fund Mirae Asset Short Duration Fund Mirae Asset Tax Saver Fund Mirae Asset ELSS Tax Saver Fund Mirae Asset Cash Management Fund Mirae Asset Liquid Fund Mirae Asset Hybrid-Equity Fund Mirae Asset Aggressive Hybrid Fund Mirae Asset Banking and PSU Debt Fund Mirae Asset Banking and PSU Fund Mirae Asset Savings Fund Mirae Asset Low Duration Fund Powered by Capital Market - Live News
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Mirae Asset Mutual Fund Announces Appointment of Key Personnel
Mirae Asset Mutual Fund has announced that, Mr. Swarup Anand Mohanty, Director and Key Personnel of AMC has been appointed as Vice Chairman of the AMC with effect from October 24, 2023.
Details of Mr. Swarup Anand Mohanty
Age: 53 years
Designation: Vice- Chairman and Chief Executive Officer
Qualification: Post Graduate Diploma in Business Management (PGDBM), B.Com (Hons)
Powered by Capital Market - Live News
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Mirae Asset Arbitrage Fund Announces change in Exit Load Structure
Mirae Asset Mutual Fund has announced that, there is revision in the exit load structure of Mirae Asset Arbitrage Fund, (An open ended scheme investing in arbitrage opportunities) with effect from November 01, 2023 (?effective date?).
Change in Exit Load:
Name of the Scheme Existing Exit Load Revised Exit Load Mirae Asset Arbitrage Fund 0.25% if redeemed or switched out within 30 days from the date of allotment, Nil after 30 days 0.25% if redeemed or switched out within 15 days from the date of allotment, Nil after 15 days Powered by Capital Market - Live News
Fund House Details & Investment Objective
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Date of Incorporation
08-Jul-2019
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Total AUM (Cr)
₹11783.59
Mirae Asset Midcap Fund - Direct (G) is an Mid Cap Fund-oriented fund from the renowned AMC, Mirae Asset Mutual Fund. Launched in Jul 2019, this fund is managed by Ankit Jain. With assets under management (AUM) worth ₹11783.59 (Cr), as of 01-Dec-2023, Mirae Asset Midcap Fund - Direct (G) is categorized as a Mid Cap Fund within its segment. The fund has generated a return of 28.04% since its launch.
The current NAV of Mirae Asset Midcap Fund - Direct (G) is ₹29.27, as on 01-Dec-2023. The fund’s benchmark index is Nifty Midcap 150 TRI. You can invest in Mirae Asset Midcap Fund - Direct (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹1000 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
1.00%: If units Redeemed or Switched Out within 1 year (365 days) from the date of allotment. Nil after 1 year (365 Days).
The fund has generated 29.02% and - CAGR in the last 3 and 5 years respectively.
The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 97.65% in Equity, 2.37% in Debt and -0.02% in cash and cash equivalents
The top 5 sectors the fund invests in are: 9.99% in Banks, 9.11% in Consumer Durables, 8.18% in Pharmaceuticals & Biotechnology, 7.11% in Industrial Products and 6.03% in Finance.
FAQs on Mirae Asset Midcap Fund - Direct (G)
Mirae Asset Midcap Fund - Direct (G) is a popular fund in the Mid Cap Fund segment. The fund has generated a return of 28.04% since inception. Looking to invest in Mirae Asset Midcap Fund - Direct (G)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Mirae Asset Midcap Fund - Direct (G) is super easy and convenient with m.Stock. Here’s how you can begin:
- Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, Mirae Asset Midcap Fund - Direct (G)
- On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
- If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
- If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in Mirae Asset Midcap Fund - Direct (G) today and reap the benefits of this Mid Cap Fund fund!
In the short term, i.e., 1 year, Mirae Asset Midcap Fund - Direct (G) has generated annualised return of 25.64%. In the long-term, the fund has generated 29.02% and - in 3 and 5 years respectively. Since its inception, the fund has generated 28.04% returns.
The expense ratio of Mirae Asset Midcap Fund - Direct (G) Direct Growth is 0.63%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.
The Assets Under Management (AUM) of Mirae Asset Midcap Fund - Direct (G) is ₹11783.59 (Cr) as of 01 December 2023. AUM shows the fund’s popularity and is often indicative of fund strength.
Redeeming or selling units of Mirae Asset Midcap Fund - Direct (G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.
To redeem from Mirae Asset Midcap Fund - Direct (G):
- Login to your m.Stock account
- In portfolio, your mutual fund investments will be visible under ‘MF’
- Select the fund you wish to redeem from (in this case Mirae Asset Midcap Fund - Direct (G)).
- Click on ‘Redeem’ button
- You have 2 options – redeem by units and redeem by value (you can only redeem free units)
- Select units to be redeemed and click on submit.
- Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Yes, you can invest both lumpsum and SIP in Mirae Asset Midcap Fund - Direct (G). Minimum lumpsum investment Mirae Asset Midcap Fund - Direct (G) is ₹5000 and minimum SIP amount is ₹1000. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.
The latest NAV (Net Asset Value) of Mirae Asset Midcap Fund - Direct (G) is ₹29.27 as on 01 December 2023.
The 5 biggest stock holdings of Mirae Asset Midcap Fund - Direct (G) are:
Federal Bank (3.54%), Bharat Forge (3.08%), Lupin (2.81%), Coforge (2.67%), NTPC (2.56%)
A majority of Mirae Asset Midcap Fund - Direct (G) 's AUM worth ₹11783.59 (Cr) is invested in these 3 top sectors:
- Banks: 9.99%
- Consumer Durables: 9.11%
- Pharmaceuticals & Biotechnology: 8.18%
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