Name: Mirae Asset Midcap Fund Direct Growth
Brand: Mirae Asset Mutual Fund

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Mirae Asset Midcap Fund Direct Growth
Equity
Mid Cap
Moderately High Risk
82.37%
1Y return
+0.27% 1D
1M
6M
1Y
All
 NAV: 21 Sep 2021₹20.95
Min. SIP amount₹1,000
Rating3star
Fund size₹6,195.20 Cr
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 returns12.2%28.0%82.4%109.5%
Category averageNANA72.8%NA
Rank with in category14112NA
Understand termsinfo
Holdings (52)NameSectorInstrumentAssets
Axis Bank Ltd.
FinancialEquity3.7%
The Federal Bank Ltd.
FinancialEquity3.6%
Bharat Electronics Ltd.
EngineeringEquity3.6%
Jindal Steel & Power Ltd.
MetalsEquity3.5%
State Bank of India
FinancialEquity3.2%
Mphasis Ltd.
TechnologyEquity3.2%
SRF Ltd.
DiversifiedEquity3.1%
Voltas Ltd.
Consumer DurableEquity3.0%
Bharti Airtel Ltd.
CommunicationEquity2.7%
Shriram Transport Finance Company Ltd.
FinancialEquity2.7%
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 consinfo
Category: Equity Mid Cap
thumb_up_altPros
Lower expense ratio - 0.46%
1Y Returns are higher than the category average returns
thumb_down_altCons
Asset under management(AUM) is more than 5000 Crs. Returns tend to go low once AUM exceeds a certain amount
Age is less than 5 years
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
31 Aug 2021 - Present
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: 0.49%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 termsinfo
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
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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
Fund house & investment objective
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Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM70,165.29 Cr
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 investor
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 21 Sep 2021 is ₹20.95.
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
descriptionScheme Information Document(SID)
Fund house contact details
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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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	3M	6M	1Y	All
Fund returns	12.2%	28.0%	82.4%	109.5%
Category average	NA	NA	72.8%	NA
Rank with in category	14	11	2	NA

Name	Sector	Instrument	Assets
Axis Bank Ltd.	Financial	Equity	3.7%
The Federal Bank Ltd.	Financial	Equity	3.6%
Bharat Electronics Ltd.	Engineering	Equity	3.6%
Jindal Steel & Power Ltd.	Metals	Equity	3.5%
State Bank of India	Financial	Equity	3.2%
Mphasis Ltd.	Technology	Equity	3.2%
SRF Ltd.	Diversified	Equity	3.1%
Voltas Ltd.	Consumer Durable	Equity	3.0%
Bharti Airtel Ltd.	Communication	Equity	2.7%
Shriram Transport Finance Company Ltd.	Financial	Equity	2.7%

Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	3
Fund size	₹6,195.20 Cr