Mirae Asset Midcap Fund Direct Growth - Latest NAV[22.79], MF Performance & Returns 2022

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Mirae Asset Midcap Fund Direct Growth
Equity
Mid Cap
Moderately High Risk
7.50%
1M return
+0.31% 1D
1M
6M
1Y
All
 NAV: 17 Jan 2022₹22.79
Min. SIP amount₹1,000
RatingNA
Fund size₹7,034.86Cr
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
Absolute returns
3M6M1YAll
Fund returns1.6%15.3%47.1%127.2%
Category averageNANA72.8%NA
Rank with in category111410NA
Understand terms
Holdings (52)NameSectorInstrumentAssets
Axis Bank Ltd.
FinancialEquity3.5%
The Federal Bank Ltd.
FinancialEquity3.3%
Jindal Steel & Power Ltd.
MetalsEquity3.1%
Bharat Forge Ltd.
AutomobileEquity3.1%
Voltas Ltd.
Consumer DurableEquity2.9%
Max Financial Services Ltd.
FinancialEquity2.8%
State Bank of India
FinancialEquity2.7%
Crompton Greaves Consumer Electricals Ltd.
Consumer DurableEquity2.7%
NTPC Ltd.
EnergyEquity2.7%
Shriram Transport Finance Company Ltd.
FinancialEquity2.6%
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
Lower expense ratio: 0.48%
Cons
Higher AUM: 6748Cr.
Funds with a higher AUM tend to have lower returns in the future
Low rating: 0
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
30 Nov 2021 - Present
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: 0.48%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₹70,165.29Cr
Date of Incorporation30 Nov 2007
 Mirae Asset Midcap Fund Direct Growth is a Equity Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to 
 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 30 Nov 2007. 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 ₹70,165 Cr and the Latest NAV as of 17 Jan 2022 is ₹22.79.
The Mirae Asset Midcap Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year.
...Read more
Investment Objective
The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of 
The 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.
...Read more
Fund benchmarkNIFTY Midcap 100 TRI
Scheme Information Document(SID)
Fund house contact details
Address
Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
Phone
022-67800300
Launch Date
30 Nov 2007
E-mail
[email protected]
Website
NA
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
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FAQsHow 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 48.99% 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 0.48% as of 18 Jan 2022...
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 ₹7,034.86Cr as of 18 Jan 2022.
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 ₹22.79 as of 17 Jan 2022.
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).

	3M	6M	1Y	All
Fund returns	1.6%	15.3%	47.1%	127.2%
Category average	NA	NA	72.8%	NA
Rank with in category	11	14	10	NA

Name	Sector	Instrument	Assets
Axis Bank Ltd.	Financial	Equity	3.5%
The Federal Bank Ltd.	Financial	Equity	3.3%
Jindal Steel & Power Ltd.	Metals	Equity	3.1%
Bharat Forge Ltd.	Automobile	Equity	3.1%
Voltas Ltd.	Consumer Durable	Equity	2.9%
Max Financial Services Ltd.	Financial	Equity	2.8%
State Bank of India	Financial	Equity	2.7%
Crompton Greaves Consumer Electricals Ltd.	Consumer Durable	Equity	2.7%
NTPC Ltd.	Energy	Equity	2.7%
Shriram Transport Finance Company Ltd.	Financial	Equity	2.6%

Rank (total assets)	#13 in India
Total AUM	₹70,165.29Cr

Date of Incorporation	30 Nov 2007

Fund benchmark	NIFTY Midcap 100 TRI

No.11, 2nd floor, 80 FT Road
4th Block, S.T Bed, Koramangala
Bengaluru – 560034
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	NA
Fund size	₹7,034.86Cr