Mirae Asset Multicap Fund
- 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
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 -0.6% against +0.4% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 3.0% | −1.6 pts | 4.6% | 7.5% |
| 2Y | 4.3% | −2.8 pts | 7.1% | 4.7% |
| 3Y | 5.6% | −8.1 pts | 13.7% | 5.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.4% | −0.1 pts | 4.5% | 5.2% |
| 3M | -2.3% | −1.4 pts | -0.9% | -0.7% |
| 6M | 3.2% | −2.5 pts | 5.8% | 5.1% |
| 1Y | -0.6% | −5.2 pts | 4.6% | 0.4% |
| 2Y | 2.9% | −0.8 pts | 3.7% | 1.5% |
| 3Y | 12.0% | −1.7 pts | 13.7% | 11.7% |
Since launch (28 Jul 2023): 12.0%
Calendar-year returns
Category averageShow 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
2.23%
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.
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 | 1.90 | 6.57 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.97 | 0.95 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.35 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.49 | 0.85 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.66 | 16.72 | 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 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
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 5.51% | ₹296 Cr | +5.79% | +5.48% | +5.62% |
| ICICI Bank Ltd. | Financial | 3.98% | ₹214 Cr | +3.82% | +3.91% | +2.68% |
| Axis Bank Ltd. | Financial | 3.35% | ₹180 Cr | +2.97% | +3.24% | +3.83% |
| Delhivery Ltd. | Services | 2.55% | ₹137 Cr | +2.99% | +3.25% | +2.67% |
| Bharti Airtel Ltd. | Communication | 2.29% | ₹123 Cr | +1.87% | +1.79% | +1.15% |
| Dalmia Bharat Ltd. | Materials | 2.12% | ₹114 Cr | +1.96% | +1.83% | +1.44% |
| Steel Authority Of India Ltd. | Metals & Mining | 2.00% | ₹108 Cr | +1.15% | — | — |
| Gland Pharma Ltd. | Healthcare | 1.99% | ₹107 Cr | +2.39% | +1.99% | +1.61% |
| Reliance Industries Ltd. | Energy | 1.99% | ₹107 Cr | +2.61% | +2.54% | +2.27% |
| Hero Motocorp Ltd. | Automobile | 1.96% | ₹105 Cr | +2.52% | +1.89% | +2.06% |
| Swiggy Ltd. | Services | 1.93% | ₹104 Cr | +2.00% | +2.28% | +2.18% |
| HDB Financial Services Ltd. | Financial | 1.90% | ₹102 Cr | +1.91% | +1.37% | +1.14% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 1.84% | ₹99.14 Cr | +1.56% | — | — |
| Elgi Equipments Ltd. | Capital Goods | 1.81% | ₹97.48 Cr | +1.60% | +1.13% | — |
| Lupin Ltd. | Healthcare | 1.79% | ₹96.08 Cr | +1.99% | +2.62% | +1.92% |
| Persistent Systems Ltd. | Technology | 1.67% | ₹89.74 Cr | +0.87% | +1.19% | — |
| Narayana Hrudayalaya Ltd. | Healthcare | 1.63% | ₹87.75 Cr | +1.63% | +1.59% | +0.98% |
| Divi's Laboratories Ltd. | Healthcare | 1.56% | ₹84.11 Cr | +0.97% | +0.34% | +0.69% |
| Tata Communications Ltd. | Communication | 1.54% | ₹82.92 Cr | +2.26% | +1.72% | +1.99% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.54% | ₹82.86 Cr | +1.13% | +0.79% | — |
| Milky Mist Dairy Food Ltd. | Consumer Staples | 1.50% | ₹80.66 Cr | — | — | — |
| Larsen & Toubro Ltd. | Construction | 1.50% | ₹80.59 Cr | +1.23% | +1.54% | +2.21% |
| Prestige Estates Projects Ltd. | Construction | 1.40% | ₹75.50 Cr | +1.27% | +1.20% | +1.30% |
| Indusind Bank Ltd. | Financial | 1.39% | ₹74.73 Cr | +1.92% | +2.46% | +1.30% |
| SKF India (Industrial) Ltd. | Capital Goods | 1.36% | ₹73.25 Cr | +1.29% | +1.13% | — |
| Tata Power Company Ltd. | Energy | 1.34% | ₹71.96 Cr | +1.09% | +0.99% | +1.26% |
| Ceat Ltd. | Automobile | 1.30% | ₹69.67 Cr | +1.79% | +2.04% | +1.98% |
| Maruti Suzuki India Ltd. | Automobile | 1.24% | ₹66.49 Cr | +0.70% | — | +2.99% |
| Sai Life Sciences Ltd. | Healthcare | 1.23% | ₹66.32 Cr | +1.66% | +1.61% | +0.97% |
| Arvind Fashions Ltd. | Textiles | 1.22% | ₹65.39 Cr | +1.28% | +1.18% | +1.03% |
| Tata Steel Ltd. | Metals & Mining | 1.21% | ₹65.16 Cr | +0.56% | +2.01% | +1.46% |
| Symbiotec Pharmalab Ltd. | Healthcare | 1.20% | ₹64.72 Cr | — | — | — |
| KFin Technologies Ltd. | Financial | 1.20% | ₹64.49 Cr | +1.28% | — | — |
| Wakefit Innovations Ltd. | Consumer Discretionary | 1.19% | ₹64.25 Cr | +0.84% | +0.87% | — |
| Kotak Mahindra Bank Ltd. | Financial | 1.19% | ₹63.85 Cr | +1.14% | +1.44% | +1.52% |
| Equitas Small Finance Bank Ltd. | Financial | 1.17% | ₹62.92 Cr | +1.16% | +0.72% | +0.83% |
| Tata Consultancy Services Ltd. | Technology | 1.14% | ₹61.52 Cr | +1.48% | +2.18% | +1.33% |
| 3M India Ltd. | Consumer Staples | 1.12% | ₹60.46 Cr | +1.17% | +1.05% | — |
| Go Digit General Insurance Ltd. | Insurance | 1.11% | ₹59.72 Cr | +1.40% | +1.67% | +1.57% |
| Honasa Consumer Ltd. | Consumer Staples | 1.07% | ₹57.51 Cr | +1.04% | +1.25% | +1.19% |
| Arvind Ltd. | Textiles | 1.05% | ₹56.67 Cr | — | — | +0.44% |
| Interglobe Aviation Ltd. | Services | 1.02% | ₹55.01 Cr | +0.92% | +1.20% | +0.34% |
| ITC Ltd. | Consumer Staples | 1.02% | ₹54.83 Cr | +0.87% | +1.07% | +2.89% |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 1.01% | ₹54.48 Cr | +1.48% | +1.58% | — |
| Century Plyboards (India) Ltd. | Materials | 1.01% | ₹54.35 Cr | +1.20% | +0.93% | +0.99% |
| Hindalco Industries Ltd. | Metals & Mining | 0.98% | ₹52.74 Cr | — | — | — |
| United Spirits Ltd. | Consumer Staples | 0.98% | ₹52.70 Cr | +0.87% | +0.96% | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 0.97% | ₹52.18 Cr | +0.93% | — | — |
| Craftsman Automation Ltd. | Automobile | 0.97% | ₹52.09 Cr | +0.99% | +1.19% | — |
| Bata India Ltd. | Consumer Discretionary | 0.94% | ₹50.57 Cr | +1.04% | +1.13% | +1.63% |
| Orient Electric Ltd. | Consumer Discretionary | 0.90% | ₹48.37 Cr | +0.92% | +1.00% | +0.74% |
| TD Power Systems Ltd. | Capital Goods | 0.88% | ₹47.16 Cr | — | — | — |
| BSE Ltd. | Services | 0.87% | ₹46.79 Cr | +0.82% | — | — |
| Kirloskar Oil Engines Ltd. | Capital Goods | 0.86% | ₹46.08 Cr | — | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | 0.85% | ₹45.65 Cr | — | — | — |
| Container Corporation Of India Ltd. | Services | 0.84% | ₹45.43 Cr | +0.91% | +0.94% | — |
| Usha Martin Ltd. | Metals & Mining | 0.82% | ₹44.13 Cr | +0.43% | — | — |
| PI Industries Ltd. | Chemicals | 0.80% | ₹43.13 Cr | +0.69% | +0.94% | +1.17% |
| Foseco India Ltd. | Chemicals | 0.77% | ₹41.20 Cr | — | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 0.76% | ₹40.87 Cr | +1.39% | +0.80% | +1.25% |
| Ganesha Ecosphere Ltd. | Textiles | 0.75% | ₹40.16 Cr | +0.67% | +0.41% | +0.45% |
| Rolex Rings Ltd | Capital Goods | 0.74% | ₹39.63 Cr | — | — | — |
| Karur Vysya Bank Ltd. | Financial | 0.72% | ₹38.47 Cr | +0.97% | — | — |
| Syngene International Ltd. | Healthcare | 0.70% | ₹37.44 Cr | — | +0.80% | — |
| TeamLease Services Ltd. | Services | 0.68% | ₹36.81 Cr | +1.25% | +1.19% | +1.33% |
| Gujarat Energy Ltd. | Energy | 0.66% | ₹35.40 Cr | +0.92% | +0.77% | +1.10% |
| Jyoti CNC Automation Ltd. | Capital Goods | 0.63% | ₹33.69 Cr | — | — | — |
| Tenneco Clean Air India Ltd | Automobile | 0.61% | ₹33.08 Cr | — | — | — |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.57% | ₹30.91 Cr | +0.86% | +0.44% | — |
| Multi Commodity Exchange Of India Ltd. | Services | 0.55% | ₹29.70 Cr | +0.94% | +1.11% | +2.13% |
| Titagarh Rail Systems Ltd. | Automobile | 0.54% | ₹29.24 Cr | +0.49% | — | — |
| Bharat Forge Ltd. | Automobile | 0.53% | ₹28.46 Cr | +0.79% | +1.60% | +1.53% |
| Campus Activewear Ltd. | Consumer Discretionary | 0.50% | ₹27.07 Cr | +0.57% | +0.71% | +0.91% |
| Others | Others | 0.50% | ₹26.96 Cr | +0.82% | -0.17% | -0.48% |
| Turtlemint Fintech Solutions Ltd. | Financial | 0.49% | ₹26.45 Cr | +0.59% | — | — |
| Cera Sanitaryware Ltd. | Materials | 0.49% | ₹26.44 Cr | — | — | — |
| Sagility Ltd. | Services | 0.48% | ₹25.80 Cr | — | — | — |
| SKF India Ltd. | Capital Goods | 0.46% | ₹24.73 Cr | +0.89% | +0.92% | +1.27% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.31% | ₹16.73 Cr | +1.02% | +1.06% | +0.97% |
| eClerx Services Ltd. | Services | 0.29% | ₹15.63 Cr | — | — | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 0.27% | ₹14.62 Cr | +1.10% | +1.14% | — |
| GSPL Transmission Ltd. | Energy | 0.13% | ₹7.17 Cr | — | — | — |
| State Bank of India | Financial | 0.05% | ₹2.67 Cr | +1.41% | +1.64% | +2.63% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| 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% |
| Others | 0.25% | -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 India | 0.29% | 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 Ltd | 0.67% | 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 Ltd | 0.61% | 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.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹5,514 Cr | 2.19% | 14.5% | 11.0% | 14.9% |
| ₹11,972 Cr | 1.97% | 19.1% | 12.5% | — | |
| ₹7,457 Cr | 2.18% | 15.0% | 10.7% | 14.9% | |
| ₹4,610 Cr | 2.21% | 10.6% | 10.4% | — | |
| ₹2,187 Cr | 2.15% | 12.8% | 10.2% | — | |
| ₹1,344 Cr | 2.45% | 15.1% | 11.3% | — |
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 months3.23% absolute | ₹60,000 | ₹61,938 | 3.23% | |
| 1 year−0.58% annualised | ₹1,20,000 | ₹1,19,624 | −0.31% | |
| 3 years11.96% annualised | ₹3,60,000 | ₹4,34,796 | 20.78% |
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.