Mirae Asset Midcap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹38.62+0.53%1 day
- Return since launch
- 20.3%
- 52-week range
- ₹32.87 — ₹41.21
- AUM
- ₹19,539 Cr
Mirae Asset Midcap Fund is a Mid Cap equity fund from Mirae Asset Mutual Fund with ₹19,539 Cr under management, launched in 2019. Over three years it has returned 7.7% a year, against 14.8% for its category. The expense ratio is 2.01% and the SEBI riskometer reading is Very High.
Performance
Mirae Asset Midcap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.4% against +1.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 3.6% | 0.0 pts | 3.6% | 3.6% |
| 2Y | 7.1% | +0.8 pts | 6.3% | 5.2% |
| 3Y | 7.7% | −7.1 pts | 14.8% | 6.6% |
| 5Y | 13.1% | +0.3 pts | 12.8% | 12.7% |
| 7Y | 17.3% | 0.0 pts | 17.3% | 16.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 2.8% | 0.0 pts | 2.8% | 2.5% |
| 3M | -4.9% | −1.5 pts | -3.4% | -4.2% |
| 6M | 1.9% | −0.4 pts | 2.3% | 0.9% |
| 1Y | 1.6% | −2.0 pts | 3.6% | 2.1% |
| 2Y | 5.0% | +1.2 pts | 3.9% | 3.4% |
| 3Y | 13.8% | −1.0 pts | 14.8% | 13.6% |
| 5Y | 12.1% | −0.7 pts | 12.8% | 11.9% |
| 7Y | 19.8% | +0.5 pts | 19.3% | 17.8% |
Since launch (8 Jul 2019): 20.3%
Calendar-year returns
Category average24.3%
48.4%
4.9%
34.5%
19.4%
8.8%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 8.8% | +5.8 pts | 3.1% |
| 2024 | 19.4% | −10.9 pts | 30.3% |
| 2023 | 34.5% | −4.2 pts | 38.7% |
| 2022 | 4.9% | +1.2 pts | 3.8% |
| 2021 | 48.4% | +2.6 pts | 45.8% |
| 2020 | 24.3% | −1.2 pts | 25.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.01%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.41%
- Brokerage
- 0.10%
- Transaction charges
- 0.01%
- Statutory levies
- 0.49%
- Exit load
- Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 years.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Midcap 150 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -0.25 | 5.01 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.00 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.46 | 0.72 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.60 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 18.69 | 19.25 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mirae Asset Midcap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity97.6%
- Debt0.3%
- Other2.1%
Market cap split
- Large12.1%
- Mid70.7%
- Small17.2%
- P/E
- 32.04
- P/B
- 3.38
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Laurus Labs Ltd. | Healthcare | 4.31% | ₹842 Cr | +3.67% | +2.74% | +1.43% |
| Steel Authority Of India Ltd. | Metals & Mining | 3.76% | ₹734 Cr | +2.79% | +3.17% | +1.91% |
| HDB Financial Services Ltd. | Financial | 3.36% | ₹657 Cr | +2.86% | +1.88% | +1.12% |
| Lupin Ltd. | Healthcare | 3.34% | ₹653 Cr | +3.42% | +3.99% | +3.01% |
| Delhivery Ltd. | Services | 3.01% | ₹588 Cr | +2.83% | +3.16% | +2.85% |
| Hero Motocorp Ltd. | Automobile | 2.89% | ₹565 Cr | +2.93% | +2.78% | +2.39% |
| Persistent Systems Ltd. | Technology | 2.86% | ₹558 Cr | +1.99% | +2.18% | — |
| Indusind Bank Ltd. | Financial | 2.69% | ₹525 Cr | +3.20% | +3.32% | +1.76% |
| Swiggy Ltd. | Services | 2.67% | ₹521 Cr | +2.26% | +2.59% | +2.28% |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.66% | ₹520 Cr | +2.09% | +1.97% | — |
| Dalmia Bharat Ltd. | Materials | 2.54% | ₹496 Cr | +2.48% | +2.69% | +2.30% |
| Tata Communications Ltd. | Communication | 2.52% | ₹492 Cr | +3.08% | +2.42% | +2.69% |
| Bharat Forge Ltd. | Automobile | 2.28% | ₹445 Cr | +3.00% | +3.72% | +2.57% |
| Others | Others | 2.19% | ₹428 Cr | +0.54% | -0.31% | -0.54% |
| Narayana Hrudayalaya Ltd. | Healthcare | 2.13% | ₹417 Cr | +1.95% | +1.78% | +0.50% |
| Axis Bank Ltd. | Financial | 2.13% | ₹417 Cr | +1.16% | +1.49% | +1.62% |
| Prestige Estates Projects Ltd. | Construction | 2.11% | ₹413 Cr | +2.38% | +2.07% | +2.04% |
| The Federal Bank Ltd. | Financial | 1.93% | ₹377 Cr | +2.85% | +3.20% | +1.93% |
| Voltas Ltd. | Consumer Discretionary | 1.92% | ₹375 Cr | +0.73% | +1.60% | +2.31% |
| BSE Ltd. | Services | 1.90% | ₹371 Cr | +1.40% | — | +0.09% |
| L&T Finance Ltd. | Financial | 1.89% | ₹369 Cr | +1.93% | +2.18% | +2.51% |
| One 97 Communications Ltd. | Services | 1.88% | ₹366 Cr | +1.81% | +1.75% | +1.11% |
| Mankind Pharma Ltd. | Healthcare | 1.83% | ₹358 Cr | +1.02% | +0.61% | — |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 1.75% | ₹341 Cr | +0.98% | — | — |
| PB Fintech Ltd. | Services | 1.73% | ₹337 Cr | +2.81% | +2.96% | +2.09% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.68% | ₹328 Cr | +2.69% | +2.23% | +1.59% |
| PI Industries Ltd. | Chemicals | 1.64% | ₹321 Cr | +1.51% | +1.65% | +2.03% |
| 3M India Ltd. | Consumer Staples | 1.61% | ₹315 Cr | +1.38% | +1.37% | — |
| Gland Pharma Ltd. | Healthcare | 1.54% | ₹301 Cr | +2.15% | +1.76% | +1.52% |
| Tata Power Company Ltd. | Energy | 1.53% | ₹300 Cr | +1.32% | +0.97% | +1.48% |
| FSN E-Commerce Ventures Ltd. | Services | 1.51% | ₹295 Cr | +2.81% | +2.20% | +0.92% |
| Indian Bank | Financial | 1.50% | ₹294 Cr | — | — | +0.78% |
| Container Corporation Of India Ltd. | Services | 1.46% | ₹285 Cr | +1.55% | +1.67% | +1.70% |
| Ceat Ltd. | Automobile | 1.43% | ₹279 Cr | +1.52% | +1.71% | +1.70% |
| SRF Ltd. | Chemicals | 1.39% | ₹272 Cr | +1.47% | +2.14% | +1.40% |
| SKF India (Industrial) Ltd. | Capital Goods | 1.38% | ₹269 Cr | +1.18% | +1.03% | — |
| Go Digit General Insurance Ltd. | Insurance | 1.27% | ₹248 Cr | +1.57% | +1.88% | +1.22% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.27% | ₹247 Cr | +1.13% | — | — |
| Vishal Mega Mart Ltd. | Services | 1.26% | ₹247 Cr | — | — | — |
| Schaeffler India Ltd. | Capital Goods | 1.05% | ₹205 Cr | +0.57% | +0.97% | +1.10% |
| The Phoenix Mills Ltd. | Construction | 1.00% | ₹195 Cr | +1.00% | +1.30% | +1.05% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.97% | ₹190 Cr | +1.50% | — | — |
| Bata India Ltd. | Consumer Discretionary | 0.95% | ₹186 Cr | +0.96% | +1.03% | +1.49% |
| Manipal Health Enterprises Ltd. | Healthcare | 0.95% | ₹186 Cr | — | — | — |
| Multi Commodity Exchange Of India Ltd. | Services | 0.91% | ₹178 Cr | +2.08% | +1.89% | +2.11% |
| Gujarat Energy Ltd. | Energy | 0.87% | ₹170 Cr | +0.99% | +0.65% | +1.10% |
| Max Financial Services Ltd. | Financial | 0.87% | ₹170 Cr | +1.68% | +0.78% | +1.75% |
| Century Plyboards (India) Ltd. | Materials | 0.87% | ₹169 Cr | +0.83% | +0.60% | +0.57% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.81% | ₹159 Cr | +0.85% | +0.66% | +2.23% |
| Aditya Birla Capital Ltd. | Financial | 0.80% | ₹156 Cr | +1.62% | +1.63% | +1.57% |
| KFin Technologies Ltd. | Financial | 0.77% | ₹151 Cr | — | — | — |
| Gujarat Fluorochemicals Ltd. | Chemicals | 0.74% | ₹145 Cr | +1.27% | +0.63% | +0.43% |
| Wakefit Innovations Ltd. | Consumer Discretionary | 0.73% | ₹143 Cr | +0.66% | +0.65% | — |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.64% | ₹124 Cr | +0.42% | +0.41% | +0.51% |
| Oil India Ltd. | Energy | 0.62% | ₹121 Cr | +0.99% | +0.74% | — |
| Jyoti CNC Automation Ltd. | Capital Goods | 0.58% | ₹114 Cr | — | — | — |
| Milky Mist Dairy Food Ltd. | Consumer Staples | 0.57% | ₹111 Cr | — | — | — |
| SKF India Ltd. | Capital Goods | 0.49% | ₹95.01 Cr | +0.54% | +0.55% | +1.46% |
| Symbiotec Pharmalab Ltd. | Healthcare | 0.45% | ₹87.17 Cr | — | — | — |
| TeamLease Services Ltd. | Services | 0.43% | ₹83.16 Cr | +0.67% | +0.63% | +0.56% |
| K.P.R. Mill Ltd. | Textiles | 0.40% | ₹78.10 Cr | — | — | — |
| Prince Pipes and Fittings Ltd. | Materials | 0.28% | ₹55.59 Cr | +0.32% | +0.28% | +0.40% |
| Mirae Asset Liquid Fund Direct- Growth | Unclassified | 0.19% | ₹37.78 Cr | +0.19% | +0.23% | +0.21% |
| GSPL Transmission Ltd. | Energy | 0.15% | ₹28.42 Cr | — | — | — |
| Moneyview Ltd. | Financial | 0.13% | ₹24.45 Cr | — | — | — |
| Mirae Asset Money Market Fund Direct - Growth | Unclassified | 0.06% | ₹10.95 Cr | +0.06% | +0.07% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| PB Fintech Ltd. | 3.02% | 1.73% | -1.30% |
| Max Financial Services Ltd. | 1.82% | 0.87% | -0.95% |
| Manipal Health Enterprises Ltd. | 0.07% | 0.95% | +0.88% |
| Hindustan Aeronautics Ltd. | 0.69% | 0.00% | -0.69% |
| Voltas Ltd. | 1.24% | 1.92% | +0.68% |
| One 97 Communications Ltd. | 2.55% | 1.88% | -0.67% |
| Mankind Pharma Ltd. | 1.27% | 1.83% | +0.56% |
| BSE Ltd. | 1.37% | 1.90% | +0.53% |
| Indusind Bank Ltd. | 3.18% | 2.69% | -0.49% |
| Bharat Forge Ltd. | 2.75% | 2.28% | -0.47% |
| Symbiotec Pharmalab Ltd. | 0.00% | 0.45% | +0.45% |
| K.P.R. Mill Ltd. | 0.00% | 0.40% | +0.40% |
| HDB Financial Services Ltd. | 2.97% | 3.36% | +0.39% |
| Alkem Laboratories Ltd. | 0.39% | 0.00% | -0.39% |
| Jyoti CNC Automation Ltd. | 0.25% | 0.58% | +0.34% |
| Multi Commodity Exchange Of India Ltd. | 1.25% | 0.91% | -0.34% |
| Jyothy Labs Ltd. | 0.33% | 0.00% | -0.33% |
| Laurus Labs Ltd. | 4.03% | 4.31% | +0.28% |
| Hero Motocorp Ltd. | 2.62% | 2.89% | +0.27% |
| Persistent Systems Ltd. | 3.13% | 2.86% | -0.27% |
| Vedanta Aluminium Metal Ltd. | 1.98% | 1.75% | -0.24% |
| Ola Electric Mobility Ltd. | 0.23% | 0.00% | -0.23% |
| Steel Authority Of India Ltd. | 3.54% | 3.76% | +0.22% |
| Swiggy Ltd. | 2.47% | 2.67% | +0.20% |
| Axis Bank Ltd. | 2.30% | 2.13% | -0.17% |
| Dixon Technologies (India) Ltd. | 2.82% | 2.66% | -0.16% |
| L&T Finance Ltd. | 2.05% | 1.89% | -0.16% |
| Vishal Mega Mart Ltd. | 1.11% | 1.26% | +0.15% |
| Tata Power Company Ltd. | 1.39% | 1.53% | +0.15% |
| Gland Pharma Ltd. | 1.67% | 1.54% | -0.13% |
| Delhivery Ltd. | 2.88% | 3.01% | +0.13% |
| Moneyview Ltd. | 0.00% | 0.13% | +0.13% |
| Lenskart Solutions Ltd. | 0.85% | 0.97% | +0.12% |
| 3M India Ltd. | 1.49% | 1.61% | +0.12% |
| Schaeffler India Ltd. | 0.93% | 1.05% | +0.11% |
| SRF Ltd. | 1.29% | 1.39% | +0.11% |
| Container Corporation Of India Ltd. | 1.56% | 1.46% | -0.10% |
| The Federal Bank Ltd. | 2.03% | 1.93% | -0.10% |
| Go Digit General Insurance Ltd. | 1.17% | 1.27% | +0.09% |
| The Phoenix Mills Ltd. | 0.92% | 1.00% | +0.08% |
| Lupin Ltd. | 3.26% | 3.34% | +0.08% |
| Dalmia Bharat Ltd. | 2.62% | 2.54% | -0.08% |
| Gujarat Fluorochemicals Ltd. | 0.82% | 0.74% | -0.08% |
| Tata Communications Ltd. | 2.45% | 2.52% | +0.07% |
| Milky Mist Dairy Food Ltd. | 0.50% | 0.57% | +0.07% |
| PI Industries Ltd. | 1.58% | 1.64% | +0.07% |
| Prestige Estates Projects Ltd. | 2.18% | 2.11% | -0.06% |
| Indian Bank | 1.57% | 1.50% | -0.06% |
| KFin Technologies Ltd. | 0.83% | 0.77% | -0.06% |
| TeamLease Services Ltd. | 0.48% | 0.43% | -0.05% |
| Aditya Birla Capital Ltd. | 0.84% | 0.80% | -0.04% |
| Wakefit Innovations Ltd. | 0.78% | 0.73% | -0.04% |
| Crompton Greaves Consumer Electricals Ltd. | 0.67% | 0.64% | -0.04% |
| Century Plyboards (India) Ltd. | 0.90% | 0.87% | -0.03% |
| FSN E-Commerce Ventures Ltd. | 1.54% | 1.51% | -0.03% |
| Bata India Ltd. | 0.98% | 0.95% | -0.03% |
| Billionbrains Garage Ventures Ltd. | 1.24% | 1.27% | +0.03% |
| Ceat Ltd. | 1.40% | 1.43% | +0.03% |
| SKF India (Industrial) Ltd. | 1.40% | 1.38% | -0.03% |
| Gujarat Energy Ltd. | 0.85% | 0.87% | +0.02% |
| Prince Pipes and Fittings Ltd. | 0.31% | 0.28% | -0.02% |
| Hindustan Petroleum Corporation Ltd. | 0.79% | 0.81% | +0.02% |
| SKF India Ltd. | 0.47% | 0.49% | +0.02% |
| Mirae Asset Liquid Fund Direct- Growth | 0.18% | 0.19% | +0.01% |
| Narayana Hrudayalaya Ltd. | 2.13% | 2.13% | +0.01% |
| Others | 0.36% | 0.35% | -0.01% |
| Bharat Heavy Electricals Ltd. | 1.67% | 1.68% | +0.01% |
| Oil India Ltd. | 0.62% | 0.62% | 0.00% |
| GSPL Transmission Ltd. | 0.14% | 0.15% | 0.00% |
| Mirae Asset Money Market Fund Direct - Growth | 0.05% | 0.06% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹13,591 Cr | 1.99% | 9.0% | 12.0% | 17.5% |
 Edelweiss Mid Cap Fund | ₹19,230 Cr | 1.87% | 3.2% | 8.7% | 15.9% |
 HSBC Midcap Fund | ₹16,800 Cr | 2.15% | 15.2% | 14.1% | 19.0% |
 Invesco India Mid Cap Fund | ₹15,832 Cr | 1.85% | 12.4% | 14.1% | 19.3% |
 WhiteOak Capital Mid Cap Fund | ₹8,400 Cr | 2.25% | 11.2% | 12.7% | — |
 ICICI Prudential Mid Cap Fund | ₹7,695 Cr | 1.83% | 2.9% | 10.3% | 15.9% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
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.
Fund managers
- Ankit JainMr. Jain is a B.Tech (ICT) and MBA (Finance).Prior to joining Mirae Asset Mutual Fund (Sep. 7, 2015) as a Research Analyst he was associated with Equirus 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.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months1.95% absolute | ₹60,000 | ₹61,170 | 1.95% | |
| 1 year1.56% annualised | ₹1,20,000 | ₹1,21,019 | 0.85% | |
| 3 years13.80% annualised | ₹3,60,000 | ₹4,47,951 | 24.43% | |
| 5 years12.08% annualised | ₹6,00,000 | ₹8,26,688 | 37.78% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Mirae Asset Midcap Fund?
The NAV of Mirae Asset Midcap Fund is ₹38.62 as on 9 Nov 2026.
What is the expense ratio of Mirae Asset Midcap Fund?
The expense ratio of Mirae Asset Midcap Fund is 2.01% per year.
What is the minimum SIP amount for Mirae Asset Midcap Fund?
You can start a SIP in Mirae Asset Midcap Fund with ₹3,000 a month.
What returns has Mirae Asset Midcap Fund given?
Mirae Asset Midcap Fund has returned 3.6% over 1 year, 7.7% over 3 years and 13.1% over 5 years (annualised).
Is there a lock-in or exit load on Mirae Asset Midcap Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 years..
How risky is Mirae Asset Midcap Fund?
Mirae Asset Midcap Fund is rated Very High on the SEBI riskometer and belongs to the Mid Cap category.
Which fund house manages Mirae Asset Midcap Fund?
Mirae Asset Midcap Fund is managed by Mirae Asset Mutual Fund, which runs 54 schemes with ₹2,45,364 Cr under management.