HomeOur StoryMethodologyLearnFAQs

Mirae Asset Multicap Fund

Multi CapVery HighOPEN-ENDED
Invest Now
NAV as on 9 Nov 2026
₹14.59+0.73%1 day
Return since launch
12.0%
52-week range
₹12.65 — ₹15.05
AUM
₹5,379 Cr

Mirae Asset Multicap Fund is a Multi Cap equity fund from Mirae Asset Mutual Fund with ₹5,379 Cr under management, launched in 2023. Over three years it has returned 5.6% a year, against 13.7% for its category. The expense ratio is 2.27% and the SEBI riskometer reading is Very High.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y3.0%−1.6 pts4.6%7.5%
2Y4.3%−2.8 pts7.1%4.7%
3Y5.6%−8.1 pts13.7%5.3%

Fund against category

1Y
Fund3.0%
Category4.6%
3Y
Fund5.6%
Category13.7%

Since launch (28 Jul 2023): 12.0%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20258.3%+4.7 pts3.6%
202417.0%−8.1 pts25.0%

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

2.23%

Expense ratio as on 6 Nov 2026

Charged yearly and already deducted from the NAV.

Base expense
1.58%
Brokerage
0.11%
Transaction charges
0.01%
Statutory levies
0.53%
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.

Risk ratios
RatioFundCategory avgRead as
Alpha1.906.57Return earned above what the benchmark alone would have given. Higher is better.
Beta0.970.95How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.350.63Return earned for each unit of total risk taken. Higher is better.
Sortino0.490.85Return earned for each unit of downside risk. Higher is better.
Std. deviation16.6616.72How 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 30 Sep 2026

Asset allocation

  • Equity99.5%
  • Other0.5%

Market cap split

  • Large36.0%
  • Mid25.8%
  • Small38.2%
P/E
24.90
P/B
3.12

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
HDFC Bank Ltd.Financial5.51%₹296 Cr+5.79%+5.48%+5.62%
ICICI Bank Ltd.Financial3.98%₹214 Cr+3.82%+3.91%+2.68%
Axis Bank Ltd.Financial3.35%₹180 Cr+2.97%+3.24%+3.83%
Delhivery Ltd.Services2.55%₹137 Cr+2.99%+3.25%+2.67%
Bharti Airtel Ltd.Communication2.29%₹123 Cr+1.87%+1.79%+1.15%
Dalmia Bharat Ltd.Materials2.12%₹114 Cr+1.96%+1.83%+1.44%
Steel Authority Of India Ltd.Metals & Mining2.00%₹108 Cr+1.15%——
Gland Pharma Ltd.Healthcare1.99%₹107 Cr+2.39%+1.99%+1.61%
Reliance Industries Ltd.Energy1.99%₹107 Cr+2.61%+2.54%+2.27%
Hero Motocorp Ltd.Automobile1.96%₹105 Cr+2.52%+1.89%+2.06%

Sectors

  • Financial20.9%
  • Healthcare11.2%
  • Capital Goods9.2%
  • Services9.2%
  • Automobile7.4%
  • Metals & Mining6.9%
  • Consumer Staples5.7%
  • Energy4.7%

Instruments

  • Repo0.9%

Recent changes

HoldingFromToWeight
Symbiotec Pharmalab Ltd.0.00%1.20%+1.20%
Honasa Consumer Ltd.0.00%1.07%+1.07%
Crisil Ltd.0.96%0.00%-0.96%
Kirloskar Oil Engines Ltd.0.00%0.86%+0.86%
Others0.25%-0.38%-0.63%
Indusind Bank Ltd.1.98%1.39%-0.59%
Milky Mist Dairy Food Ltd.0.96%1.50%+0.54%
Apollo Hospitals Enterprise Ltd.0.82%0.31%-0.51%
Jyothy Labs Ltd.0.47%0.00%-0.47%
HDFC Life Insurance Co Ltd.0.46%0.85%+0.39%
Turtlemint Fintech Solutions Ltd.0.81%0.49%-0.32%
Sai Life Sciences Ltd.1.53%1.23%-0.30%
ITC Ltd.0.73%1.02%+0.29%
Gland Pharma Ltd.2.28%1.99%-0.28%
Persistent Systems Ltd.1.94%1.67%-0.27%
Divi's Laboratories Ltd.1.31%1.56%+0.26%
State Bank of India0.29%0.05%-0.24%
HDFC Bank Ltd.5.28%5.51%+0.23%
Tata Steel Ltd.0.98%1.21%+0.23%
United Spirits Ltd.0.77%0.98%+0.21%
Vedanta Aluminium Metal Ltd.2.05%1.84%-0.21%
Reliance Industries Ltd.2.20%1.99%-0.20%
Bharat Forge Ltd.0.73%0.53%-0.20%
PI Industries Ltd.0.61%0.80%+0.20%
Canara HSBC Life Insurance Company Ltd.1.20%1.01%-0.19%
ICICI Bank Ltd.3.79%3.98%+0.19%
TD Power Systems Ltd.0.69%0.88%+0.19%
Interglobe Aviation Ltd.0.84%1.02%+0.18%
Delhivery Ltd.2.71%2.55%-0.17%
Ceat Ltd.1.44%1.30%-0.15%
Arvind Fashions Ltd.1.36%1.22%-0.14%
Tata Consultancy Services Ltd.1.28%1.14%-0.14%
Jyoti CNC Automation Ltd.0.49%0.63%+0.13%
Dixon Technologies (India) Ltd.1.67%1.54%-0.13%
KFin Technologies Ltd.1.33%1.20%-0.13%
Dalmia Bharat Ltd.2.23%2.12%-0.12%
Ganesha Ecosphere Ltd.0.64%0.75%+0.11%
BSE Ltd.0.77%0.87%+0.10%
Tata Power Company Ltd.1.24%1.34%+0.10%
HDB Financial Services Ltd.2.00%1.90%-0.09%
Container Corporation Of India Ltd.0.92%0.84%-0.08%
Orient Electric Ltd.0.98%0.90%-0.08%
Prestige Estates Projects Ltd.1.48%1.40%-0.08%
TeamLease Services Ltd.0.76%0.68%-0.08%
Steel Authority Of India Ltd.1.93%2.00%+0.07%
Rolex Rings Ltd0.67%0.74%+0.07%
Century Plyboards (India) Ltd.1.07%1.01%-0.06%
Cera Sanitaryware Ltd.0.43%0.49%+0.06%
Go Digit General Insurance Ltd.1.05%1.11%+0.06%
Tata Motors Passenger Vehicles Ltd.0.33%0.27%-0.06%
Lupin Ltd.1.84%1.79%-0.06%
Bata India Ltd.0.99%0.94%-0.05%
Axis Bank Ltd.3.40%3.35%-0.05%
Swiggy Ltd.1.88%1.93%+0.05%
Larsen & Toubro Ltd.1.54%1.50%-0.04%
Kotak Mahindra Bank Ltd.1.14%1.19%+0.04%
SKF India (Industrial) Ltd.1.40%1.36%-0.04%
eClerx Services Ltd.0.25%0.29%+0.04%
Foseco India Ltd.0.73%0.77%+0.04%
Syngene International Ltd.0.73%0.70%-0.03%
Sun Pharmaceutical Industries Ltd.0.79%0.76%-0.03%
Usha Martin Ltd.0.79%0.82%+0.03%
Equitas Small Finance Bank Ltd.1.20%1.17%-0.03%
Narayana Hrudayalaya Ltd.1.66%1.63%-0.03%
Bharti Airtel Ltd.2.26%2.29%+0.03%
Craftsman Automation Ltd.1.00%0.97%-0.03%
Sagility Ltd.0.51%0.48%-0.03%
Wakefit Innovations Ltd.1.17%1.19%+0.03%
Elgi Equipments Ltd.1.79%1.81%+0.02%
Titagarh Rail Systems Ltd.0.52%0.54%+0.02%
Hindalco Industries Ltd.0.96%0.98%+0.02%
Maruti Suzuki India Ltd.1.22%1.24%+0.02%
Karur Vysya Bank Ltd.0.73%0.72%-0.02%
Arvind Ltd.1.04%1.05%+0.02%
3M India Ltd.1.11%1.12%+0.02%
Hindustan Aeronautics Ltd.0.96%0.97%+0.01%
Oil And Natural Gas Corporation Ltd.0.56%0.57%+0.01%
Hero Motocorp Ltd.1.95%1.96%+0.01%
Campus Activewear Ltd.0.51%0.50%-0.01%
Multi Commodity Exchange Of India Ltd.0.54%0.55%+0.01%
SKF India Ltd.0.45%0.46%+0.01%
Tata Communications Ltd.1.54%1.54%+0.01%
Tenneco Clean Air India Ltd0.61%0.61%0.00%
Gujarat Energy Ltd.0.66%0.66%0.00%
GSPL Transmission Ltd.0.13%0.13%0.00%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹5,514 Cr2.19%14.5%11.0%14.9%
Axis Multicap Fund₹11,972 Cr1.97%19.1%12.5%—
Mahindra Manulife Multi Cap Fund₹7,457 Cr2.18%15.0%10.7%14.9%
WhiteOak Capital Multi Cap Fund₹4,610 Cr2.21%10.6%10.4%—
LIC MF Multi Cap Fund₹2,187 Cr2.15%12.8%10.2%—
Bank of India Multi Cap Fund₹1,344 Cr2.45%15.1%11.3%—
See all Multi Cap funds

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.
Scheme information document

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 pastTotal investmentWould’ve becomeGrowthReturns
6 months3.23% absolute₹60,000₹61,9383.23%
1 year−0.58% annualised₹1,20,000₹1,19,624−0.31%
3 years11.96% annualised₹3,60,000₹4,34,79620.78%

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 Multicap Fund?
The NAV of Mirae Asset Multicap Fund is ₹14.59 as on 9 Nov 2026.
What is the expense ratio of Mirae Asset Multicap Fund?
The expense ratio of Mirae Asset Multicap Fund is 2.27% 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 54 schemes with ₹2,45,364 Cr under management.