Mirae Asset Multicap Fund
Multi CapVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹14.52-1.61%1 day
- Return since launch
- 13.2%
- 52-week range
- ₹12.65 — ₹15.05
- AUM
- ₹5,619 Cr
Mirae Asset Multicap Fund is a Multi Cap equity fund from Mirae Asset Mutual Fund with ₹5,619 Cr under management, launched in 2023. Over three years it has returned 6.4% a year, against 13.4% for its category. The expense ratio is 2.25% and the SEBI riskometer reading is Very High.
Performance
Mirae Asset Multicap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.1% against -0.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 1.7% | −2.9 pts | 4.6% | 2.4% |
| 2Y | 4.0% | −2.0 pts | 6.0% | 2.2% |
| 3Y | 6.4% | −7.0 pts | 13.4% | 4.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.8% | +0.2 pts | -2.9% | -3.1% |
| 3M | 0.4% | −0.9 pts | 1.3% | 0.6% |
| 6M | 9.7% | −3.4 pts | 13.1% | 11.5% |
| 1Y | 1.1% | −3.5 pts | 4.6% | -0.1% |
| 2Y | 0.2% | +0.1 pts | 0.1% | -2.8% |
| 3Y | 12.1% | −1.3 pts | 13.4% | 11.4% |
Since launch (28 Jul 2023): 13.2%
Calendar-year returns
Category average17.0%
8.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 8.3% | +4.7 pts | 3.6% |
| 2024 | 17.0% | −8.1 pts | 25.0% |
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
2.25%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.58%
- Brokerage
- 0.12%
- Transaction charges
- 0.01%
- Statutory levies
- 0.54%
- Exit load
- Exit load of 1%, if redeemed within 365 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty 500 Multicap 50:25:25 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 | 2.62 | 6.86 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.96 | 0.97 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.53 | 0.76 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.71 | 1.00 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.12 | 16.82 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mirae Asset Multicap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity99.0%
- Other1.0%
Market cap split
- Large35.6%
- Mid27.1%
- Small37.3%
- P/E
- 25.99
- P/B
- 3.29
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 5.28% | ₹296 Cr | +5.18% | +5.28% | +5.61% |
| ICICI Bank Ltd. | Financial | 3.79% | ₹213 Cr | +3.47% | +4.06% | +2.25% |
| Axis Bank Ltd. | Financial | 3.40% | ₹191 Cr | +2.95% | +3.87% | +3.68% |
| Delhivery Ltd. | Services | 2.71% | ₹153 Cr | +3.12% | +3.07% | +2.88% |
| Gland Pharma Ltd. | Healthcare | 2.28% | ₹128 Cr | +2.51% | +1.83% | +1.57% |
| Bharti Airtel Ltd. | Communication | 2.26% | ₹127 Cr | +1.92% | +1.53% | +1.20% |
| Dalmia Bharat Ltd. | Materials | 2.23% | ₹125 Cr | +1.92% | +1.68% | +1.51% |
| Reliance Industries Ltd. | Energy | 2.20% | ₹123 Cr | +2.25% | +1.91% | +2.34% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 2.05% | ₹115 Cr | +0.26% | — | — |
| HDB Financial Services Ltd. | Financial | 2.00% | ₹112 Cr | +1.52% | +1.25% | +1.20% |
| Indusind Bank Ltd. | Financial | 1.98% | ₹111 Cr | +2.56% | +2.62% | +1.08% |
| Hero Motocorp Ltd. | Automobile | 1.95% | ₹109 Cr | +2.23% | +1.94% | +1.41% |
| Persistent Systems Ltd. | Technology | 1.94% | ₹109 Cr | +0.82% | +1.25% | — |
| Steel Authority Of India Ltd. | Metals & Mining | 1.93% | ₹108 Cr | +1.21% | — | — |
| Swiggy Ltd. | Services | 1.88% | ₹106 Cr | +2.24% | +2.21% | +2.54% |
| Lupin Ltd. | Healthcare | 1.84% | ₹104 Cr | +1.94% | +2.36% | +1.97% |
| Elgi Equipments Ltd. | Capital Goods | 1.79% | ₹100 Cr | +1.60% | +1.05% | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.67% | ₹93.93 Cr | +0.91% | +0.78% | — |
| Narayana Hrudayalaya Ltd. | Healthcare | 1.66% | ₹93.42 Cr | +1.63% | +1.57% | +0.99% |
| Larsen & Toubro Ltd. | Construction | 1.54% | ₹86.69 Cr | +1.45% | +2.66% | +2.26% |
| Tata Communications Ltd. | Communication | 1.54% | ₹86.29 Cr | +2.35% | +1.85% | +1.98% |
| Sai Life Sciences Ltd. | Healthcare | 1.53% | ₹85.96 Cr | +1.63% | +1.50% | +1.37% |
| Prestige Estates Projects Ltd. | Construction | 1.48% | ₹83.20 Cr | +1.38% | +1.35% | +1.41% |
| Ceat Ltd. | Automobile | 1.44% | ₹80.97 Cr | +1.73% | +2.02% | +1.91% |
| SKF India (Industrial) Ltd. | Capital Goods | 1.40% | ₹78.95 Cr | +1.00% | +1.27% | — |
| Arvind Fashions Ltd. | Textiles | 1.36% | ₹76.37 Cr | +1.31% | +1.17% | +1.03% |
| KFin Technologies Ltd. | Financial | 1.33% | ₹74.47 Cr | +1.27% | — | — |
| Divi's Laboratories Ltd. | Healthcare | 1.31% | ₹73.39 Cr | +0.01% | +0.34% | — |
| Tata Consultancy Services Ltd. | Technology | 1.28% | ₹71.98 Cr | +1.40% | +2.21% | +1.47% |
| Tata Power Company Ltd. | Energy | 1.24% | ₹69.56 Cr | +1.24% | +1.06% | +1.15% |
| Maruti Suzuki India Ltd. | Automobile | 1.22% | ₹68.31 Cr | — | — | +2.75% |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 1.20% | ₹67.68 Cr | +1.32% | +1.46% | — |
| Equitas Small Finance Bank Ltd. | Financial | 1.20% | ₹67.52 Cr | +0.83% | +0.81% | +0.76% |
| Wakefit Innovations Ltd. | Consumer Discretionary | 1.17% | ₹65.58 Cr | +0.60% | +0.87% | — |
| Kotak Mahindra Bank Ltd. | Financial | 1.14% | ₹64.22 Cr | +1.33% | +1.36% | +1.07% |
| 3M India Ltd. | Consumer Staples | 1.11% | ₹62.31 Cr | +1.21% | +1.19% | — |
| Century Plyboards (India) Ltd. | Materials | 1.07% | ₹60.36 Cr | +1.17% | +0.88% | +0.95% |
| Go Digit General Insurance Ltd. | Insurance | 1.05% | ₹59.11 Cr | +1.38% | +1.56% | +1.55% |
| company:276 | Textiles | 1.04% | ₹58.32 Cr | — | — | +0.36% |
| Craftsman Automation Ltd. | Automobile | 1.00% | ₹55.99 Cr | +1.32% | +0.98% | — |
| Bata India Ltd. | Consumer Discretionary | 0.99% | ₹55.78 Cr | +1.06% | +1.33% | +1.06% |
| Others | Others | 0.99% | ₹55.50 Cr | +0.63% | -0.18% | -1.18% |
| Tata Steel Ltd. | Metals & Mining | 0.98% | ₹55.04 Cr | +0.65% | +1.66% | +1.39% |
| Orient Electric Ltd. | Consumer Discretionary | 0.98% | ₹55.02 Cr | +1.02% | +1.07% | +0.84% |
| Crisil Ltd. | Services | 0.96% | ₹53.85 Cr | +0.87% | — | — |
| company:1502 | Metals & Mining | 0.96% | ₹53.82 Cr | — | — | +0.05% |
| company:20772 | Consumer Staples | 0.96% | ₹53.77 Cr | — | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 0.96% | ₹53.68 Cr | +0.95% | — | — |
| Container Corporation Of India Ltd. | Services | 0.92% | ₹51.97 Cr | +0.93% | +0.89% | — |
| Interglobe Aviation Ltd. | Services | 0.84% | ₹47.30 Cr | +0.78% | +1.45% | +0.36% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.82% | ₹46.07 Cr | +0.99% | +1.02% | +0.64% |
| Turtlemint Fintech Solutions Ltd. | Financial | 0.81% | ₹45.54 Cr | — | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 0.79% | ₹44.66 Cr | +1.39% | +0.96% | +0.98% |
| Usha Martin Ltd. | Metals & Mining | 0.79% | ₹44.15 Cr | +0.31% | — | — |
| BSE Ltd. | Services | 0.77% | ₹43.10 Cr | +0.83% | — | — |
| United Spirits Ltd. | Consumer Staples | 0.77% | ₹43.10 Cr | +0.85% | +1.19% | — |
| TeamLease Services Ltd. | Services | 0.76% | ₹42.72 Cr | +1.24% | +1.17% | +1.09% |
| Karur Vysya Bank Ltd. | Financial | 0.73% | ₹41.17 Cr | +0.72% | — | — |
| Syngene International Ltd. | Healthcare | 0.73% | ₹41.07 Cr | +0.62% | +0.79% | — |
| company:1151 | Chemicals | 0.73% | ₹41.01 Cr | — | — | — |
| Bharat Forge Ltd. | Automobile | 0.73% | ₹40.90 Cr | +0.97% | +1.85% | +1.45% |
| ITC Ltd. | Consumer Staples | 0.73% | ₹40.88 Cr | +0.91% | +1.06% | +3.06% |
| TD Power Systems Ltd. | Capital Goods | 0.69% | ₹38.85 Cr | — | — | — |
| company:16948 | Capital Goods | 0.67% | ₹37.65 Cr | — | — | — |
| Gujarat Energy Ltd. | Energy | 0.66% | ₹36.91 Cr | +0.90% | +1.10% | +1.12% |
| Ganesha Ecosphere Ltd. | Textiles | 0.64% | ₹36.01 Cr | +0.66% | +0.34% | +0.49% |
| company:20327 | Automobile | 0.61% | ₹34.45 Cr | — | +0.33% | — |
| PI Industries Ltd. | Chemicals | 0.61% | ₹34.01 Cr | +0.96% | +0.98% | +1.28% |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.56% | ₹31.73 Cr | +1.01% | — | — |
| Multi Commodity Exchange Of India Ltd. | Services | 0.54% | ₹30.60 Cr | +0.77% | +1.29% | +2.00% |
| Titagarh Rail Systems Ltd. | Automobile | 0.52% | ₹29.24 Cr | — | — | — |
| Campus Activewear Ltd. | Consumer Discretionary | 0.51% | ₹28.74 Cr | +0.70% | +0.76% | +0.93% |
| Sagility Ltd. | Services | 0.51% | ₹28.50 Cr | — | — | — |
| company:18805 | Capital Goods | 0.49% | ₹27.62 Cr | — | — | — |
| Jyothy Labs Ltd. | Consumer Staples | 0.47% | ₹26.69 Cr | +0.66% | +0.85% | +1.22% |
| HDFC Life Insurance Co Ltd. | Insurance | 0.46% | ₹25.86 Cr | — | — | — |
| SKF India Ltd. | Capital Goods | 0.45% | ₹25.45 Cr | +0.91% | +1.03% | +1.07% |
| Cera Sanitaryware Ltd. | Materials | 0.43% | ₹24.10 Cr | — | — | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 0.33% | ₹18.50 Cr | +1.13% | +1.22% | — |
| State Bank of India | Financial | 0.29% | ₹16.42 Cr | +1.38% | +1.76% | +2.72% |
| eClerx Services Ltd. | Services | 0.25% | ₹14.01 Cr | — | — | — |
| GSPL Transmission Ltd. | Energy | 0.13% | ₹7.45 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Gujarat Fluorochemicals Ltd. | 1.11% | 0.00% | -1.11% |
| State Bank of India | 1.36% | 0.29% | -1.07% |
| company:276 | 0.00% | 1.04% | +1.04% |
| Aditya Birla Capital Ltd. | 1.03% | 0.00% | -1.03% |
| company:1502 | 0.00% | 0.96% | +0.96% |
| company:20772 | 0.00% | 0.96% | +0.96% |
| Others | 1.04% | 0.25% | -0.79% |
| The Indian Hotels Company Ltd. | 0.76% | 0.00% | -0.76% |
| company:1151 | 0.00% | 0.73% | +0.73% |
| Tata Steel Ltd. | 0.26% | 0.98% | +0.72% |
| company:16948 | 0.00% | 0.67% | +0.67% |
| company:20327 | 0.00% | 0.61% | +0.61% |
| company:18805 | 0.00% | 0.49% | +0.49% |
| Axis Bank Ltd. | 2.95% | 3.40% | +0.45% |
| Tata Communications Ltd. | 1.94% | 1.54% | -0.41% |
| Tata Motors Passenger Vehicles Ltd. | 0.71% | 0.33% | -0.38% |
| Reliance Industries Ltd. | 2.55% | 2.20% | -0.35% |
| Bharti Airtel Ltd. | 1.92% | 2.26% | +0.34% |
| Hero Motocorp Ltd. | 2.27% | 1.95% | -0.32% |
| Cera Sanitaryware Ltd. | 0.12% | 0.43% | +0.31% |
| HDB Financial Services Ltd. | 1.69% | 2.00% | +0.31% |
| JSW Energy Ltd. | 0.25% | 0.00% | -0.25% |
| Tata Consultancy Services Ltd. | 1.51% | 1.28% | -0.23% |
| Delhivery Ltd. | 2.95% | 2.71% | -0.23% |
| SKF India (Industrial) Ltd. | 1.18% | 1.40% | +0.23% |
| Craftsman Automation Ltd. | 1.22% | 1.00% | -0.22% |
| Prestige Estates Projects Ltd. | 1.27% | 1.48% | +0.21% |
| Steel Authority Of India Ltd. | 1.72% | 1.93% | +0.21% |
| Sun Pharmaceutical Industries Ltd. | 1.00% | 0.79% | -0.21% |
| Multi Commodity Exchange Of India Ltd. | 0.74% | 0.54% | -0.19% |
| Sai Life Sciences Ltd. | 1.71% | 1.53% | -0.18% |
| TD Power Systems Ltd. | 0.52% | 0.69% | +0.17% |
| Dalmia Bharat Ltd. | 2.06% | 2.23% | +0.17% |
| Gland Pharma Ltd. | 2.11% | 2.28% | +0.17% |
| Divi's Laboratories Ltd. | 1.14% | 1.31% | +0.16% |
| Vedanta Aluminium Metal Ltd. | 2.20% | 2.05% | -0.15% |
| Wakefit Innovations Ltd. | 1.02% | 1.17% | +0.14% |
| Turtlemint Fintech Solutions Ltd. | 0.67% | 0.81% | +0.14% |
| Ceat Ltd. | 1.57% | 1.44% | -0.13% |
| Ganesha Ecosphere Ltd. | 0.76% | 0.64% | -0.12% |
| Elgi Equipments Ltd. | 1.67% | 1.79% | +0.12% |
| PI Industries Ltd. | 0.72% | 0.61% | -0.12% |
| Oil And Natural Gas Corporation Ltd. | 0.68% | 0.56% | -0.11% |
| BSE Ltd. | 0.88% | 0.77% | -0.11% |
| HDFC Bank Ltd. | 5.38% | 5.28% | -0.10% |
| Maruti Suzuki India Ltd. | 1.31% | 1.22% | -0.10% |
| Syngene International Ltd. | 0.63% | 0.73% | +0.10% |
| ITC Ltd. | 0.82% | 0.73% | -0.09% |
| Gujarat Energy Ltd. | 0.75% | 0.66% | -0.09% |
| Century Plyboards (India) Ltd. | 1.17% | 1.07% | -0.09% |
| Equitas Small Finance Bank Ltd. | 1.12% | 1.20% | +0.09% |
| Dixon Technologies (India) Ltd. | 1.59% | 1.67% | +0.08% |
| Apollo Hospitals Enterprise Ltd. | 0.75% | 0.82% | +0.07% |
| Titagarh Rail Systems Ltd. | 0.45% | 0.52% | +0.07% |
| 3M India Ltd. | 1.18% | 1.11% | -0.07% |
| Swiggy Ltd. | 1.95% | 1.88% | -0.07% |
| Lupin Ltd. | 1.91% | 1.84% | -0.07% |
| Crisil Ltd. | 0.89% | 0.96% | +0.07% |
| Orient Electric Ltd. | 0.91% | 0.98% | +0.07% |
| Tata Power Company Ltd. | 1.29% | 1.24% | -0.06% |
| ICICI Bank Ltd. | 3.84% | 3.79% | -0.05% |
| Bharat Forge Ltd. | 0.78% | 0.73% | -0.05% |
| Container Corporation Of India Ltd. | 0.98% | 0.92% | -0.05% |
| Kotak Mahindra Bank Ltd. | 1.09% | 1.14% | +0.05% |
| Narayana Hrudayalaya Ltd. | 1.62% | 1.66% | +0.05% |
| Indusind Bank Ltd. | 2.03% | 1.98% | -0.05% |
| Canara HSBC Life Insurance Company Ltd. | 1.16% | 1.20% | +0.04% |
| Persistent Systems Ltd. | 1.97% | 1.94% | -0.04% |
| United Spirits Ltd. | 0.80% | 0.77% | -0.03% |
| Arvind Fashions Ltd. | 1.39% | 1.36% | -0.03% |
| Bata India Ltd. | 1.02% | 0.99% | -0.03% |
| Sagility Ltd. | 0.48% | 0.51% | +0.03% |
| TeamLease Services Ltd. | 0.78% | 0.76% | -0.02% |
| HDFC Life Insurance Co Ltd. | 0.48% | 0.46% | -0.02% |
| Usha Martin Ltd. | 0.80% | 0.79% | -0.02% |
| Go Digit General Insurance Ltd. | 1.07% | 1.05% | -0.02% |
| Interglobe Aviation Ltd. | 0.85% | 0.84% | -0.01% |
| eClerx Services Ltd. | 0.24% | 0.25% | +0.01% |
| SKF India Ltd. | 0.44% | 0.45% | +0.01% |
| KFin Technologies Ltd. | 1.32% | 1.33% | +0.01% |
| Karur Vysya Bank Ltd. | 0.74% | 0.73% | -0.01% |
| Hindustan Aeronautics Ltd. | 0.95% | 0.96% | +0.01% |
| Campus Activewear Ltd. | 0.52% | 0.51% | -0.01% |
| GSPL Transmission Ltd. | 0.14% | 0.13% | 0.00% |
| Jyothy Labs Ltd. | 0.48% | 0.47% | 0.00% |
| Larsen & Toubro Ltd. | 1.54% | 1.54% | 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 | ₹5,292 Cr | 2.18% | 10.8% | 10.7% | — |
 Axis Multicap Fund | ₹11,985 Cr | 1.99% | 15.2% | 12.2% | — |
 HSBC Multi Cap Fund | ₹6,503 Cr | 2.05% | 11.0% | 9.9% | — |
 WhiteOak Capital Multi Cap Fund | ₹4,385 Cr | 2.22% | 6.7% | 10.3% | — |
 LIC MF Multi Cap Fund | ₹2,254 Cr | 2.13% | 9.7% | 10.1% | — |
 Bank of India Multi Cap Fund | ₹1,335 Cr | 2.50% | 11.2% | 10.9% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme is seeks to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of large cap, mid cap and small cap companies
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 months9.67% absolute | ₹60,000 | ₹65,802 | 9.67% | |
| 1 year1.06% annualised | ₹1,20,000 | ₹1,20,691 | 0.58% | |
| 3 years12.09% annualised | ₹3,60,000 | ₹4,35,709 | 21.03% |
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 Multicap Fund?
The NAV of Mirae Asset Multicap Fund is ₹14.52 as on 24 Sep 2026.
What is the expense ratio of Mirae Asset Multicap Fund?
The expense ratio of Mirae Asset Multicap Fund is 2.25% per year.
What is the minimum SIP amount for Mirae Asset Multicap Fund?
You can start a SIP in Mirae Asset Multicap Fund with ₹3,000 a month.
Is there a lock-in or exit load on Mirae Asset Multicap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 365 days..
How risky is Mirae Asset Multicap Fund?
Mirae Asset Multicap Fund is rated Very High on the SEBI riskometer and belongs to the Multi Cap category.
Which fund house manages Mirae Asset Multicap Fund?
Mirae Asset Multicap Fund is managed by Mirae Asset Mutual Fund, which runs 52 schemes with ₹2,32,232 Cr under management.