How to Invest in Mirae Asset Midcap Fund Direct Growth?

You can easily invest in Mirae Asset Midcap Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Mirae Asset Midcap Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Mirae Asset Midcap Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Midcap Fund Direct Growth provide?

The Mirae Asset Midcap Fund Direct Growth has been there from 29 Jul 2019 and the average annual returns provided by this fund is 26.09% since its inception.

How much expense ratio is charged by Mirae Asset Midcap Fund Direct Growth?

The term Expense Ratio used for Mirae Asset Midcap Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Mirae Asset Midcap Fund Direct Growth is 0.65% as of 30 Sep 2023...

What is the AUM of Mirae Asset Midcap Fund Direct Growth?

The AUM, short for Assets Under Management of Mirae Asset Midcap Fund Direct Growth is ₹11,919.25Cr as of 30 Sep 2023.

How to Redeem Mirae Asset Midcap Fund Direct Growth?

If you want to sell your Mirae Asset Midcap Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Mirae Asset Midcap Fund Direct Growth?

You can select either SIP or Lumpsum investment of Mirae Asset Midcap Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Mirae Asset Midcap Fund Direct Growth?

The NAV of Mirae Asset Midcap Fund Direct Growth is ₹28.07 as of 29 Sep 2023.

What is the PE and PB ratio of Mirae Asset Midcap Fund Direct Growth?

The PE ratio ratio of Mirae Asset Midcap Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Mirae Asset Midcap Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

Mirae Asset Midcap Fund Direct Growth
Equity
Mid Cap
Moderately High Risk
34.17%
3Y annualised
+0.11% 1D
1M
6M
1Y
3Y
All
 NAV: 29 Sep 2023₹28.07
Min. SIP amount₹1,000
Rating3
Fund size₹11,919.25Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity Mid Cap
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA26.1%34.2%28.1%
Category averageNA27.4%30.7%NA
Rank with in categoryNA146NA
Understand terms
Holdings (66)NameSectorInstrumentAssets
The Federal Bank Ltd.
FinancialEquity3.6%
Bharat Forge Ltd.
AutomobileEquity3.4%
Lupin Ltd.
HealthcareEquity2.7%
Coforge Ltd.
TechnologyEquity2.4%
Tata Communications Ltd.
CommunicationEquity2.4%
Power Finance Corporation Ltd.
FinancialEquity2.4%
SKF India Ltd.
Capital GoodsEquity2.4%
NTPC Ltd.
EnergyEquity2.3%
Bata India Ltd.
Consumer StaplesEquity2.3%
Shriram Finance Ltd
FinancialEquity2.3%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Equity Mid Cap
Pros
Cons
Lower expense ratio: 0.65%
1Y annualised returns lower than category average by 0.06%
3Y annualised returns higher than category average by 4.61%
Higher alpha: 2.83
The fund has generated returns higher than benchmark - NIFTY Midcap 150 Total Return Index - in the last 3Y 
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
21 Sep 2023 - Present
0.65%
20 Sep 2023 - 21 Sep 2023
0.65%
19 Sep 2023 - 20 Sep 2023
0.65%
18 Sep 2023 - 19 Sep 2023
0.65%
17 Sep 2023 - 18 Sep 2023
0.65%
16 Sep 2023 - 17 Sep 2023
0.65%
15 Sep 2023 - 16 Sep 2023
0.65%
14 Sep 2023 - 15 Sep 2023
0.65%
13 Sep 2023 - 14 Sep 2023
0.65%
12 Sep 2023 - 13 Sep 2023
0.65%
11 Sep 2023 - 12 Sep 2023
0.65%
10 Sep 2023 - 11 Sep 2023
0.65%
09 Sep 2023 - 10 Sep 2023
0.65%
08 Sep 2023 - 09 Sep 2023
0.65%
07 Sep 2023 - 08 Sep 2023
0.65%
06 Sep 2023 - 07 Sep 2023
0.65%
05 Sep 2023 - 06 Sep 2023
0.65%
04 Sep 2023 - 05 Sep 2023
0.65%
03 Sep 2023 - 04 Sep 2023
0.65%
02 Sep 2023 - 03 Sep 2023
0.65%
01 Sep 2023 - 02 Sep 2023
0.65%
31 Aug 2023 - 01 Sep 2023
0.65%
31 Jul 2023 - 31 Aug 2023
0.50%
30 Jun 2023 - 31 Jul 2023
0.62%
31 May 2023 - 30 Jun 2023
0.57%
30 Apr 2023 - 31 May 2023
0.52%
31 Mar 2023 - 30 Apr 2023
0.70%
28 Feb 2023 - 31 Mar 2023
0.61%
31 Jan 2023 - 28 Feb 2023
0.58%
31 Dec 2022 - 31 Jan 2023
0.61%
31 Dec 2022 - 31 Dec 2022
0.61%
30 Nov 2022 - 31 Dec 2022
0.58%
30 Nov 2022 - 30 Nov 2022
0.58%
30 Nov 2022 - 30 Nov 2022
0.58%
31 Oct 2022 - 30 Nov 2022
0.57%
31 Oct 2022 - 31 Oct 2022
0.57%
31 Oct 2022 - 31 Oct 2022
0.57%
30 Sep 2022 - 31 Oct 2022
0.57%
30 Sep 2022 - 30 Sep 2022
0.57%
30 Sep 2022 - 30 Sep 2022
0.57%
31 Aug 2022 - 30 Sep 2022
0.57%
31 Aug 2022 - 31 Aug 2022
0.57%
31 Jul 2022 - 31 Aug 2022
0.64%
31 Jul 2022 - 31 Jul 2022
0.64%
31 Jul 2022 - 31 Jul 2022
0.64%
30 Jun 2022 - 31 Jul 2022
0.65%
30 Jun 2022 - 30 Jun 2022
0.65%
31 May 2022 - 30 Jun 2022
0.65%
31 May 2022 - 31 May 2022
0.65%
30 Apr 2022 - 31 May 2022
0.69%
30 Apr 2022 - 30 Apr 2022
0.69%
31 Mar 2022 - 30 Apr 2022
0.62%
31 Mar 2022 - 31 Mar 2022
0.62%
28 Feb 2022 - 31 Mar 2022
0.58%
28 Feb 2022 - 28 Feb 2022
0.58%
31 Jan 2022 - 28 Feb 2022
0.52%
31 Dec 2021 - 31 Jan 2022
0.48%
30 Nov 2021 - 31 Dec 2021
0.48%
31 Oct 2021 - 30 Nov 2021
0.48%
30 Sep 2021 - 31 Oct 2021
0.49%
31 Aug 2021 - 30 Sep 2021
0.49%
31 Jul 2021 - 31 Aug 2021
0.46%
30 Jun 2021 - 31 Jul 2021
0.48%
31 May 2021 - 30 Jun 2021
0.47%
30 Apr 2021 - 31 May 2021
0.48%
31 Mar 2021 - 30 Apr 2021
0.44%
28 Feb 2021 - 31 Mar 2021
0.42%
31 Jan 2021 - 28 Feb 2021
0.41%
31 Dec 2020 - 31 Jan 2021
0.37%
30 Nov 2020 - 31 Dec 2020
0.43%
31 Oct 2020 - 30 Nov 2020
0.52%
30 Sep 2020 - 31 Oct 2020
0.47%
31 Aug 2020 - 30 Sep 2020
0.47%
31 Jul 2020 - 31 Aug 2020
0.49%
30 Jun 2020 - 31 Jul 2020
0.45%
31 May 2020 - 30 Jun 2020
0.48%
30 Apr 2020 - 31 May 2020
0.38%
31 Mar 2020 - 30 Apr 2020
0.76%
29 Feb 2020 - 31 Mar 2020
0.82%
31 Jan 2020 - 29 Feb 2020
0.85%
31 Dec 2019 - 31 Jan 2020
0.41%
30 Nov 2019 - 31 Dec 2019
0.46%
31 Oct 2019 - 30 Nov 2019
0.52%
30 Sep 2019 - 31 Oct 2019
0.58%
31 Aug 2019 - 30 Sep 2019
0.65%
31 Jul 2019 - 31 Aug 2019
0.68%
Expense ratio, exit load and taxExpense ratio: 0.65%Inclusive of GST
Exit loadExit load of 1% if redeemed within 1 year.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year. 
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementAnkit Jain
Jul 2019 - Present
View details
Education
Mr. Jain is a B.Tech (ICT) and MBA (Finance).
Experience
Prior to joining Mirae Asset Mutual Fund (Sep. 7, 2015) as a Research Analyst he was associated with Equirius Securities Pvt Ltd. and Infosys Ltd. He has more than 5 years of professional experience and his primary responsibility includes Investment Analysis and Fund Management.
Also manages these schemes
Mirae Asset Emerging Bluechip Fund Regular IDCW
Mirae Asset Emerging Bluechip Fund Regular Growth
Mirae Asset Great Consumer Fund Regular IDCW
Mirae Asset Great Consumer Fund Regular Growth
Mirae Asset Emerging Bluechip Fund Direct Growth
Mirae Asset Emerging Bluechip Fund Direct IDCW
Mirae Asset Great Consumer Fund Direct Growth
Mirae Asset Great Consumer Fund Direct IDCW
Mirae Asset Midcap Fund Direct Growth
Mirae Asset Midcap Fund Direct IDCW
Mirae Asset Midcap Fund Regular Growth
Mirae Asset Midcap Fund Regular IDCW
Fund house & investment objective
Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM₹1,02,127.67Cr
Date of Incorporation26 Apr 2019
 Mirae Asset Midcap Fund Direct Growth is a Equity Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 26 Apr 2019. Ankit Jain is the Current Fund Manager of Mirae Asset Midcap Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,02,128 Cr and the Latest NAV as of 29 Sep 2023 is ₹28.07.
The Mirae Asset Midcap Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000. Exit load of 1% if redeemed within 1 year.
;
Investment ObjectiveThe scheme seeks 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.
;
Fund benchmarkNIFTY Midcap 150 Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
26 Apr 2019
E-mail
[email protected]
Website
www.miraeassetmf.co.in
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Mirae Asset Midcap Fund Direct Growth
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Add mutual fund to compare

	6M	1Y	3Y	All
Fund returns	NA	26.1%	34.2%	28.1%
Category average	NA	27.4%	30.7%	NA
Rank with in category	NA	14	6	NA

Name	Sector	Instrument	Assets
The Federal Bank Ltd.	Financial	Equity	3.6%
Bharat Forge Ltd.	Automobile	Equity	3.4%
Lupin Ltd.	Healthcare	Equity	2.7%
Coforge Ltd.	Technology	Equity	2.4%
Tata Communications Ltd.	Communication	Equity	2.4%
Power Finance Corporation Ltd.	Financial	Equity	2.4%
SKF India Ltd.	Capital Goods	Equity	2.4%
NTPC Ltd.	Energy	Equity	2.3%
Bata India Ltd.	Consumer Staples	Equity	2.3%
Shriram Finance Ltd	Financial	Equity	2.3%

Rank (total assets)	#13 in India
Total AUM	₹1,02,127.67Cr

Date of Incorporation	26 Apr 2019

Fund benchmark	NIFTY Midcap 150 Total Return Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	3
Fund size	₹11,919.25Cr

Mirae Asset Midcap Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (66)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.65%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Ankit JainJul 2019 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Ankit Jain
Jul 2019 - Present
View details