Mirae Asset Midcap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹39.12-0.30%1 day
- Return since launch
- 21.0%
- 52-week range
- ₹32.87 — ₹41.21
- AUM
- ₹20,892 Cr
Mirae Asset Midcap Fund is a Mid Cap equity fund from Mirae Asset Mutual Fund with ₹20,892 Cr under management, launched in 2019. Over three years it has returned 9.8% a year, against 15.6% for its category. The expense ratio is 2.03% 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 +8.9% against +7.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.7% | −0.5 pts | 8.1% | 6.1% |
| 2Y | 9.1% | +2.0 pts | 7.1% | 6.2% |
| 3Y | 9.8% | −5.8 pts | 15.6% | 8.3% |
| 5Y | 14.6% | +0.5 pts | 14.1% | 14.0% |
| 7Y | 18.6% | +0.3 pts | 18.3% | 17.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.9% | −0.9 pts | -4.0% | -4.3% |
| 3M | 1.1% | +0.5 pts | 0.6% | 0.1% |
| 6M | 15.8% | +0.5 pts | 15.3% | 13.8% |
| 1Y | 8.9% | +0.8 pts | 8.1% | 6.7% |
| 2Y | 2.0% | +1.3 pts | 0.8% | 0.2% |
| 3Y | 14.2% | −1.4 pts | 15.6% | 14.2% |
| 5Y | 13.8% | −0.3 pts | 14.1% | 13.3% |
| 7Y | 20.4% | +0.9 pts | 19.6% | 18.1% |
Since launch (8 Jul 2019): 21.0%
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
2.02%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.41%
- Brokerage
- 0.11%
- 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 | -0.37 | 5.13 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.00 | 0.99 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.63 | 0.91 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.79 | 1.17 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 18.03 | 18.53 | 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 31 Aug 2026
Asset allocation
- Equity98.6%
- Debt0.2%
- Other1.2%
Market cap split
- Large12.4%
- Mid71.3%
- Small16.3%
- P/E
- 35.30
- P/B
- 3.75
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Laurus Labs Ltd. | Healthcare | 4.03% | ₹842 Cr | +3.45% | +2.49% | +1.40% |
| Steel Authority Of India Ltd. | Metals & Mining | 3.54% | ₹740 Cr | +3.37% | +2.79% | +1.76% |
| Lupin Ltd. | Healthcare | 3.26% | ₹682 Cr | +3.30% | +3.61% | +3.01% |
| Indusind Bank Ltd. | Financial | 3.18% | ₹665 Cr | +3.61% | +3.68% | +1.40% |
| Persistent Systems Ltd. | Technology | 3.13% | ₹654 Cr | +1.44% | +2.02% | — |
| PB Fintech Ltd. | Services | 3.02% | ₹632 Cr | +2.84% | +2.45% | +1.93% |
| HDB Financial Services Ltd. | Financial | 2.97% | ₹620 Cr | +2.25% | +1.85% | +1.06% |
| Delhivery Ltd. | Services | 2.88% | ₹602 Cr | +2.93% | +2.95% | +3.04% |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.82% | ₹589 Cr | +2.07% | +1.69% | — |
| Bharat Forge Ltd. | Automobile | 2.75% | ₹575 Cr | +3.08% | +3.87% | +2.40% |
| Hero Motocorp Ltd. | Automobile | 2.62% | ₹547 Cr | +2.78% | +2.81% | +1.69% |
| Dalmia Bharat Ltd. | Materials | 2.62% | ₹546 Cr | +2.62% | +2.49% | +2.53% |
| One97 Communications Ltd. | Services | 2.55% | ₹532 Cr | +1.82% | +1.20% | +1.27% |
| Swiggy Ltd. | Services | 2.47% | ₹516 Cr | +2.50% | +2.33% | +2.39% |
| Tata Communications Ltd. | Communication | 2.45% | ₹512 Cr | +3.27% | +2.53% | +2.64% |
| Axis Bank Ltd. | Financial | 2.30% | ₹480 Cr | +1.32% | +1.88% | +1.53% |
| Prestige Estates Projects Ltd. | Construction | 2.18% | ₹455 Cr | +2.14% | +2.29% | +2.16% |
| Narayana Hrudayalaya Ltd. | Healthcare | 2.13% | ₹444 Cr | +1.93% | +1.69% | — |
| L&T Finance Ltd. | Financial | 2.05% | ₹427 Cr | +1.55% | +2.31% | +2.97% |
| The Federal Bank Ltd. | Financial | 2.03% | ₹424 Cr | +2.56% | +3.79% | +1.88% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 1.98% | ₹414 Cr | — | — | — |
| Max Financial Services Ltd. | Financial | 1.82% | ₹380 Cr | +1.11% | +0.99% | +1.61% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.67% | ₹350 Cr | +2.78% | +2.16% | +1.29% |
| Gland Pharma Ltd. | Healthcare | 1.67% | ₹349 Cr | +2.11% | +1.69% | +1.53% |
| PI Industries Ltd. | Chemicals | 1.58% | ₹330 Cr | +1.80% | +1.69% | +1.99% |
| Indian Bank | Financial | 1.57% | ₹328 Cr | — | — | +1.09% |
| Container Corporation Of India Ltd. | Services | 1.56% | ₹326 Cr | +1.55% | +1.75% | +1.75% |
| FSN E-Commerce Ventures Ltd. | Services | 1.54% | ₹322 Cr | +2.53% | +2.02% | +1.27% |
| 3M India Ltd. | Consumer Staples | 1.49% | ₹311 Cr | +1.39% | +1.25% | — |
| SKF India (Industrial) Ltd. | Capital Goods | 1.40% | ₹293 Cr | +0.91% | +1.10% | — |
| Ceat Ltd. | Automobile | 1.40% | ₹292 Cr | +1.46% | +1.67% | +1.61% |
| Tata Power Company Ltd. | Energy | 1.39% | ₹290 Cr | +1.48% | +1.53% | +1.19% |
| BSE Ltd. | Services | 1.37% | ₹287 Cr | +1.54% | — | +0.09% |
| SRF Ltd. | Chemicals | 1.29% | ₹268 Cr | +1.82% | +1.78% | +1.60% |
| Mankind Pharma Ltd. | Healthcare | 1.27% | ₹266 Cr | +1.03% | — | — |
| Multi Commodity Exchange Of India Ltd. | Services | 1.25% | ₹260 Cr | +1.49% | +2.00% | +1.68% |
| Voltas Ltd. | Consumer Discretionary | 1.24% | ₹258 Cr | +1.33% | +1.54% | +2.40% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.24% | ₹258 Cr | +0.97% | — | — |
| Go Digit General Insurance Ltd. | Insurance | 1.17% | ₹245 Cr | +1.53% | +1.70% | +1.29% |
| Others | Others | 1.16% | ₹243 Cr | -0.76% | +0.27% | -0.06% |
| Vishal Mega Mart Ltd. | Services | 1.11% | ₹231 Cr | — | — | — |
| Bata India Ltd. | Consumer Discretionary | 0.98% | ₹205 Cr | +0.97% | +1.20% | +1.07% |
| Schaeffler India Ltd. | Capital Goods | 0.93% | ₹195 Cr | +0.58% | +0.70% | +1.08% |
| The Phoenix Mills Ltd. | Construction | 0.92% | ₹191 Cr | +1.03% | +0.82% | +0.82% |
| Century Plyboards (India) Ltd. | Materials | 0.90% | ₹188 Cr | +0.83% | +0.56% | +0.70% |
| Gujarat Energy Ltd. | Energy | 0.85% | ₹177 Cr | +1.25% | +1.01% | +1.10% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.85% | ₹177 Cr | +1.02% | — | — |
| Aditya Birla Capital Ltd. | Financial | 0.84% | ₹176 Cr | +1.54% | +1.34% | +1.62% |
| KFin Technologies Ltd. | Financial | 0.83% | ₹174 Cr | — | — | — |
| Gujarat Fluorochemicals Ltd. | Chemicals | 0.82% | ₹171 Cr | +1.22% | +0.65% | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.79% | ₹166 Cr | +0.51% | +1.18% | +1.94% |
| Wakefit Innovations Ltd. | Consumer Discretionary | 0.78% | ₹162 Cr | +0.50% | +0.69% | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 0.69% | ₹144 Cr | +0.63% | — | — |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.67% | ₹140 Cr | +0.44% | +0.43% | +0.90% |
| Oil India Ltd. | Energy | 0.62% | ₹130 Cr | +1.39% | — | — |
| company:20772 | Consumer Staples | 0.50% | ₹105 Cr | — | — | — |
| TeamLease Services Ltd. | Services | 0.48% | ₹99.93 Cr | +0.66% | +0.61% | +0.54% |
| SKF India Ltd. | Capital Goods | 0.47% | ₹97.77 Cr | +0.54% | +0.60% | +1.41% |
| Alkem Laboratories Ltd. | Healthcare | 0.39% | ₹81.34 Cr | — | — | — |
| Jyothy Labs Ltd. | Consumer Staples | 0.33% | ₹69.53 Cr | +0.55% | +0.69% | +1.00% |
| Prince Pipes and Fittings Ltd. | Materials | 0.31% | ₹63.93 Cr | +0.30% | +0.30% | +0.41% |
| company:18805 | Capital Goods | 0.25% | ₹51.24 Cr | — | — | — |
| Ola Electric Mobility Ltd. | Automobile | 0.23% | ₹47.37 Cr | +0.25% | +0.16% | +0.66% |
| Mirae Asset Liquid Fund Direct- Growth | Unclassified | 0.18% | ₹37.60 Cr | +0.19% | +0.20% | +0.21% |
| GSPL Transmission Ltd. | Energy | 0.14% | ₹29.53 Cr | — | — | — |
| company:20750 | Healthcare | 0.07% | ₹13.68 Cr | — | — | — |
| Mirae Asset Money Market Fund Direct - Growth | Unclassified | 0.05% | ₹10.89 Cr | +0.06% | +0.33% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 1.77% | 0.36% | -1.41% |
| Vishal Mega Mart Ltd. | 0.33% | 1.11% | +0.78% |
| Mankind Pharma Ltd. | 0.73% | 1.27% | +0.54% |
| Gujarat Fluorochemicals Ltd. | 1.34% | 0.82% | -0.53% |
| company:20772 | 0.00% | 0.50% | +0.50% |
| Voltas Ltd. | 0.74% | 1.24% | +0.50% |
| One97 Communications Ltd. | 2.05% | 2.55% | +0.49% |
| FSN E-Commerce Ventures Ltd. | 1.99% | 1.54% | -0.45% |
| HDB Financial Services Ltd. | 2.54% | 2.97% | +0.43% |
| Aditya Birla Capital Ltd. | 1.27% | 0.84% | -0.43% |
| Oracle Financial Services Software Ltd. | 0.42% | 0.00% | -0.42% |
| Multi Commodity Exchange Of India Ltd. | 1.64% | 1.25% | -0.39% |
| Steel Authority Of India Ltd. | 3.16% | 3.54% | +0.38% |
| SKF India (Industrial) Ltd. | 1.08% | 1.40% | +0.32% |
| Pine Labs Ltd. | 0.32% | 0.00% | -0.32% |
| Axis Bank Ltd. | 2.04% | 2.30% | +0.25% |
| Hindustan Aeronautics Ltd. | 0.94% | 0.69% | -0.25% |
| Hero Motocorp Ltd. | 2.87% | 2.62% | -0.25% |
| company:18805 | 0.00% | 0.25% | +0.25% |
| Bharat Forge Ltd. | 2.96% | 2.75% | -0.21% |
| Tata Communications Ltd. | 2.65% | 2.45% | -0.19% |
| Narayana Hrudayalaya Ltd. | 1.93% | 2.13% | +0.19% |
| L&T Finance Ltd. | 1.86% | 2.05% | +0.18% |
| Tata Power Company Ltd. | 1.57% | 1.39% | -0.18% |
| Gland Pharma Ltd. | 1.82% | 1.67% | -0.15% |
| Jyothy Labs Ltd. | 0.46% | 0.33% | -0.12% |
| Gujarat Energy Ltd. | 0.97% | 0.85% | -0.12% |
| Delhivery Ltd. | 2.79% | 2.88% | +0.10% |
| Wakefit Innovations Ltd. | 0.68% | 0.78% | +0.09% |
| Container Corporation Of India Ltd. | 1.65% | 1.56% | -0.09% |
| Laurus Labs Ltd. | 4.12% | 4.03% | -0.09% |
| Bharat Heavy Electricals Ltd. | 1.59% | 1.67% | +0.09% |
| Indusind Bank Ltd. | 3.27% | 3.18% | -0.08% |
| Campus Activewear Ltd. | 0.08% | 0.00% | -0.08% |
| BSE Ltd. | 1.45% | 1.37% | -0.08% |
| Hindustan Petroleum Corporation Ltd. | 0.87% | 0.79% | -0.08% |
| KFin Technologies Ltd. | 0.76% | 0.83% | +0.08% |
| The Federal Bank Ltd. | 2.11% | 2.03% | -0.08% |
| SRF Ltd. | 1.36% | 1.29% | -0.07% |
| 3M India Ltd. | 1.42% | 1.49% | +0.07% |
| Persistent Systems Ltd. | 3.20% | 3.13% | -0.07% |
| Dixon Technologies (India) Ltd. | 2.75% | 2.82% | +0.07% |
| company:20750 | 0.00% | 0.07% | +0.07% |
| Indian Bank | 1.50% | 1.57% | +0.06% |
| Vedanta Aluminium Metal Ltd. | 2.03% | 1.98% | -0.05% |
| Swiggy Ltd. | 2.42% | 2.47% | +0.05% |
| Ceat Ltd. | 1.45% | 1.40% | -0.05% |
| AU Small Finance Bank Ltd. | 0.05% | 0.00% | -0.05% |
| Century Plyboards (India) Ltd. | 0.85% | 0.90% | +0.05% |
| Billionbrains Garage Ventures Ltd. | 1.19% | 1.24% | +0.04% |
| Bata India Ltd. | 0.95% | 0.98% | +0.04% |
| Crompton Greaves Consumer Electricals Ltd. | 0.70% | 0.67% | -0.03% |
| Max Financial Services Ltd. | 1.79% | 1.82% | +0.03% |
| Dalmia Bharat Ltd. | 2.58% | 2.62% | +0.03% |
| Lupin Ltd. | 3.29% | 3.26% | -0.03% |
| Lenskart Solutions Ltd. | 0.88% | 0.85% | -0.03% |
| Alkem Laboratories Ltd. | 0.36% | 0.39% | +0.03% |
| PB Fintech Ltd. | 3.00% | 3.02% | +0.03% |
| The Phoenix Mills Ltd. | 0.94% | 0.92% | -0.02% |
| Prince Pipes and Fittings Ltd. | 0.28% | 0.31% | +0.02% |
| Polycab India Ltd. | 0.02% | 0.00% | -0.02% |
| Go Digit General Insurance Ltd. | 1.20% | 1.17% | -0.02% |
| Prestige Estates Projects Ltd. | 2.16% | 2.18% | +0.02% |
| Oil India Ltd. | 0.61% | 0.62% | +0.01% |
| PI Industries Ltd. | 1.56% | 1.58% | +0.01% |
| SKF India Ltd. | 0.46% | 0.47% | +0.01% |
| Schaeffler India Ltd. | 0.93% | 0.93% | +0.01% |
| Ola Electric Mobility Ltd. | 0.22% | 0.23% | +0.01% |
| Mirae Asset Liquid Fund Direct- Growth | 0.18% | 0.18% | 0.00% |
| GSPL Transmission Ltd. | 0.15% | 0.14% | 0.00% |
| TeamLease Services Ltd. | 0.47% | 0.48% | 0.00% |
| Mirae Asset Money Market Fund Direct - Growth | 0.05% | 0.05% | 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 | ₹13,775 Cr | 2.01% | 12.4% | 14.1% | 18.9% |
 Edelweiss Mid Cap Fund | ₹19,891 Cr | 1.87% | 5.2% | 10.6% | 17.1% |
 HSBC Midcap Fund | ₹17,188 Cr | 2.21% | 20.9% | 16.6% | 20.4% |
 Invesco India Mid Cap Fund | ₹15,905 Cr | 1.88% | 12.3% | 15.2% | 20.0% |
 ICICI Prudential Mid Cap Fund | ₹8,403 Cr | 1.84% | 10.0% | 13.6% | 17.9% |
 WhiteOak Capital Mid Cap Fund | ₹7,485 Cr | 2.25% | 13.9% | 14.3% | — |
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 months15.81% absolute | ₹60,000 | ₹69,486 | 15.81% | |
| 1 year8.90% annualised | ₹1,20,000 | ₹1,25,945 | 4.95% | |
| 3 years14.20% annualised | ₹3,60,000 | ₹4,50,876 | 25.24% | |
| 5 years13.76% annualised | ₹6,00,000 | ₹8,66,179 | 44.36% |
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 ₹39.12 as on 25 Sep 2026.
What is the expense ratio of Mirae Asset Midcap Fund?
The expense ratio of Mirae Asset Midcap Fund is 2.03% 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 7.7% over 1 year, 9.8% over 3 years and 14.6% 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 52 schemes with ₹2,32,232 Cr under management.