Mirae Asset Small Cap Fund
Small CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹12.56-0.18%1 day
- Return since launch
- 14.3%
- 52-week range
- ₹10.10 — ₹12.84
- AUM
- ₹5,717 Cr
Mirae Asset Small Cap Fund is a Small Cap equity fund from Mirae Asset Mutual Fund with ₹5,717 Cr under management, launched in 2025. The expense ratio is 2.14% and the SEBI riskometer reading is Very High.
Performance
Mirae Asset Small Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +11.2% against +13.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 16.9% | +2.6 pts | 14.3% | 22.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.9% | −0.3 pts | -0.7% | -1.1% |
| 3M | 4.7% | −0.5 pts | 5.3% | 4.8% |
| 6M | 20.9% | −6.4 pts | 27.3% | 25.9% |
| 1Y | 11.2% | −3.0 pts | 14.3% | 13.9% |
Since launch (10 Jan 2025): 14.3%
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
2.12%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.57%
- Brokerage
- 0.07%
- Transaction charges
- 0.01%
- Statutory levies
- 0.47%
- Exit load
- Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 365 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Smallcap 250 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.
Portfolio
Mirae Asset Small Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.1%
- Other1.9%
Market cap split
- Large5.8%
- Mid15.2%
- Small79.0%
- P/E
- 31.36
- P/B
- 4.48
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Welspun Corp Ltd. | Metals & Mining | 2.77% | ₹159 Cr | +3.02% | +2.23% | +1.99% |
| Karur Vysya Bank Ltd. | Financial | 2.33% | ₹133 Cr | +2.53% | +3.55% | +2.83% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 2.24% | ₹128 Cr | +2.93% | +2.29% | +1.74% |
| Dr. Lal Pathlabs Ltd. | Healthcare | 2.18% | ₹125 Cr | +2.19% | +1.75% | +2.37% |
| K.P.R. Mill Ltd. | Textiles | 2.04% | ₹117 Cr | +1.46% | +1.79% | +1.85% |
| Neuland Laboratories Ltd. | Healthcare | 1.95% | ₹112 Cr | +2.09% | +1.50% | +1.48% |
| Voltamp Transformers Ltd. | Capital Goods | 1.95% | ₹112 Cr | +2.22% | — | — |
| Anthem Biosciences Ltd. | Healthcare | 1.94% | ₹111 Cr | +2.14% | +1.25% | +0.03% |
| Others | Others | 1.93% | ₹110 Cr | -1.77% | -1.04% | -0.66% |
| GNG Electronics Ltd. | Consumer Discretionary | 1.89% | ₹108 Cr | +1.41% | +1.11% | +1.51% |
| Kusumgar Ltd. | Textiles | 1.85% | ₹106 Cr | — | — | — |
| Cholamandalam Financial Holdings Ltd. | Financial | 1.85% | ₹106 Cr | +2.57% | +3.07% | +2.66% |
| Godawari Power And Ispat Ltd. | Metals & Mining | 1.82% | ₹104 Cr | +2.04% | +2.10% | +2.30% |
| DOMS Industries Ltd. | Consumer Staples | 1.79% | ₹102 Cr | — | — | — |
| NLC India Ltd. | Energy | 1.78% | ₹102 Cr | — | — | — |
| Gland Pharma Ltd. | Healthcare | 1.77% | ₹101 Cr | — | — | — |
| DCB Bank Ltd. | Financial | 1.74% | ₹99.68 Cr | +1.70% | +1.88% | +1.82% |
| Tenneco Clean Air India Ltd | Automobile | 1.69% | ₹96.47 Cr | +1.80% | +1.95% | — |
| Crisil Ltd. | Services | 1.68% | ₹96.11 Cr | +1.77% | +1.76% | — |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 1.67% | ₹95.57 Cr | +2.24% | +1.98% | +1.81% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.63% | ₹93.21 Cr | — | — | — |
| Coromandel International Ltd. | Chemicals | 1.62% | ₹92.46 Cr | +1.48% | — | — |
| Multi Commodity Exchange Of India Ltd. | Services | 1.60% | ₹91.60 Cr | +1.82% | +2.09% | +1.94% |
| eClerx Services Ltd. | Services | 1.60% | ₹91.26 Cr | +1.39% | +1.50% | +1.80% |
| Timken India Ltd. | Capital Goods | 1.58% | ₹90.54 Cr | +2.11% | +1.97% | +1.39% |
| Kalpataru Projects International Ltd. | Capital Goods | 1.56% | ₹89.18 Cr | +1.72% | — | — |
| Delhivery Ltd. | Services | 1.52% | ₹87.14 Cr | +1.51% | — | — |
| Central Depository Services (India) Ltd. | Financial | 1.50% | ₹85.83 Cr | +1.74% | +2.08% | — |
| Triveni Turbine Ltd. | Construction | 1.45% | ₹83.11 Cr | +2.03% | +1.64% | +2.03% |
| Atul Ltd. | Chemicals | 1.42% | ₹81.18 Cr | +1.99% | +1.51% | +1.77% |
| Equitas Small Finance Bank Ltd. | Financial | 1.41% | ₹80.48 Cr | +0.53% | +0.64% | +0.71% |
| JK Cement Ltd. | Materials | 1.37% | ₹78.41 Cr | +1.74% | +2.25% | +2.06% |
| Sagility Ltd. | Services | 1.36% | ₹77.94 Cr | +1.19% | +1.39% | +1.83% |
| Home First Finance Company India Ltd. | Financial | 1.31% | ₹75.04 Cr | +1.57% | +2.01% | — |
| L&T Finance Ltd. | Financial | 1.31% | ₹74.61 Cr | +1.39% | +0.28% | +0.33% |
| Narayana Hrudayalaya Ltd. | Healthcare | 1.26% | ₹72.24 Cr | +1.64% | +1.70% | +1.92% |
| City Union Bank Ltd. | Financial | 1.22% | ₹70.00 Cr | — | — | — |
| Craftsman Automation Ltd. | Automobile | 1.21% | ₹69.17 Cr | +0.76% | — | — |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 1.20% | ₹68.32 Cr | +1.38% | +1.36% | — |
| Elgi Equipments Ltd. | Capital Goods | 1.17% | ₹66.77 Cr | +1.32% | — | — |
| KFin Technologies Ltd. | Financial | 1.16% | ₹66.30 Cr | +1.58% | +1.88% | +0.57% |
| Computer Age Management Services Ltd. | Services | 1.15% | ₹65.77 Cr | +1.77% | +1.37% | +2.06% |
| Mankind Pharma Ltd. | Healthcare | 1.13% | ₹64.75 Cr | +1.08% | +0.98% | +1.38% |
| Motherson Sumi Wiring India Ltd. | Automobile | 1.13% | ₹64.74 Cr | +1.46% | +1.96% | +2.00% |
| BlueStone Jewellery and Lifestyle Ltd. | Consumer Discretionary | 1.10% | ₹62.96 Cr | +0.73% | +0.50% | +0.89% |
| company:20795 | Technology | 1.07% | ₹61.11 Cr | — | — | — |
| Cera Sanitaryware Ltd. | Materials | 1.05% | ₹59.90 Cr | +1.33% | +1.00% | +1.72% |
| Fine Organic Industries Ltd. | Chemicals | 1.02% | ₹58.18 Cr | +0.85% | +1.03% | +0.71% |
| Westlife Foodworld Ltd. | Services | 1.01% | ₹57.75 Cr | +0.84% | +0.58% | +1.29% |
| Sundaram Finance Ltd. | Financial | 1.01% | ₹57.63 Cr | +1.12% | +0.33% | — |
| Sai Life Sciences Ltd. | Healthcare | 1.00% | ₹56.99 Cr | +1.03% | +1.04% | +1.27% |
| Indus Towers Ltd. | Communication | 0.97% | ₹55.60 Cr | +0.71% | — | — |
| Brigade Enterprises Ltd. | Construction | 0.96% | ₹54.74 Cr | +0.93% | +0.84% | +1.36% |
| Can Fin Homes Ltd. | Financial | 0.91% | ₹51.93 Cr | +1.24% | +1.66% | +1.78% |
| Navin Fluorine International Ltd. | Chemicals | 0.88% | ₹50.57 Cr | +1.22% | +1.60% | +1.19% |
| Saatvik Green Energy Ltd. | Energy | 0.88% | ₹50.14 Cr | +1.13% | +0.88% | — |
| Mahindra & Mahindra Ltd. | Automobile | 0.88% | ₹50.11 Cr | +0.82% | +0.95% | +1.37% |
| The Phoenix Mills Ltd. | Construction | 0.85% | ₹48.56 Cr | +0.78% | — | — |
| Laser Power & Infra Ltd. | Capital Goods | 0.84% | ₹48.30 Cr | — | — | — |
| company:1151 | Chemicals | 0.84% | ₹48.01 Cr | — | — | — |
| Safari Industries (India) Ltd. | Consumer Discretionary | 0.82% | ₹47.06 Cr | +1.07% | +1.55% | +2.19% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.80% | ₹45.52 Cr | +0.82% | — | — |
| Wakefit Innovations Ltd. | Consumer Discretionary | 0.79% | ₹44.98 Cr | +0.55% | +0.87% | — |
| Wendt (India) Ltd. | Metals & Mining | 0.78% | ₹44.72 Cr | +0.82% | +0.97% | +1.87% |
| company:17108 | Services | 0.76% | ₹43.57 Cr | — | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 0.76% | ₹43.19 Cr | +0.99% | +1.03% | +1.07% |
| Vesuvius India Ltd. | Capital Goods | 0.75% | ₹42.63 Cr | +1.08% | +0.69% | +0.91% |
| Pine Labs Ltd. | Financial | 0.69% | ₹39.44 Cr | +0.50% | +0.57% | — |
| Care Ratings Ltd. | Services | 0.69% | ₹39.28 Cr | +0.76% | +1.00% | +1.03% |
| Wockhardt Ltd. | Healthcare | 0.67% | ₹38.16 Cr | — | — | — |
| BlackBuck Ltd. | Services | 0.60% | ₹34.44 Cr | +0.68% | +0.93% | — |
| Billionbrains Garage Ventures Ltd. | Financial | 0.59% | ₹33.78 Cr | +0.73% | — | — |
| Diamond Power Infrastructure Ltd. | Capital Goods | 0.58% | ₹32.93 Cr | — | — | — |
| Eternal Ltd. | Services | 0.57% | ₹32.83 Cr | +0.57% | +0.86% | +0.74% |
| Transport Corporation Of India Ltd. | Services | 0.54% | ₹31.12 Cr | +0.75% | +0.75% | +0.93% |
| Sobha Ltd. | Construction | 0.54% | ₹30.86 Cr | +0.80% | +0.87% | +0.66% |
| company:17101 | Automobile | 0.52% | ₹29.96 Cr | — | — | — |
| Century Plyboards (India) Ltd. | Materials | 0.37% | ₹21.01 Cr | +0.49% | +0.61% | +0.91% |
| TVS Motor Company Ltd. | Automobile | 0.32% | ₹18.02 Cr | +0.76% | +1.02% | +1.33% |
| company:20769 | Healthcare | 0.30% | ₹17.17 Cr | — | — | — |
| JSW Infrastructure Ltd. | Services | 0.25% | ₹14.04 Cr | — | — | — |
| Orient Electric Ltd. | Consumer Discretionary | 0.24% | ₹13.53 Cr | +0.32% | +0.27% | +0.41% |
| company:16398 | Materials | 0.05% | ₹3.14 Cr | — | — | — |
| INDO-MIM Ltd. | Capital Goods | 0.02% | ₹1.03 Cr | — | — | — |
| company:20823 | Healthcare | 0.00% | ₹0.24 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Gland Pharma Ltd. | 0.63% | 1.77% | +1.14% |
| company:20795 | 0.00% | 1.07% | +1.07% |
| company:1151 | 0.00% | 0.84% | +0.84% |
| company:17108 | 0.00% | 0.76% | +0.76% |
| Capillary Technologies India Ltd. | 0.54% | 0.00% | -0.54% |
| company:17101 | 0.00% | 0.52% | +0.52% |
| TVS Motor Company Ltd. | 0.82% | 0.32% | -0.51% |
| NLC India Ltd. | 2.17% | 1.78% | -0.39% |
| Computer Age Management Services Ltd. | 1.50% | 1.15% | -0.35% |
| Kirloskar Oil Engines Ltd. | 2.56% | 2.24% | -0.32% |
| Coromandel International Ltd. | 1.93% | 1.62% | -0.31% |
| company:20769 | 0.00% | 0.30% | +0.30% |
| City Union Bank Ltd. | 0.93% | 1.22% | +0.29% |
| Pine Labs Ltd. | 0.40% | 0.69% | +0.29% |
| Krishna Institute of Medical Sciences Ltd | 1.95% | 1.67% | -0.28% |
| Welspun Corp Ltd. | 3.04% | 2.77% | -0.27% |
| Fine Organic Industries Ltd. | 0.75% | 1.02% | +0.26% |
| Onesource Specialty Pharma Ltd. | 0.26% | 0.00% | -0.26% |
| Others | -0.69% | -0.44% | +0.25% |
| Cholamandalam Financial Holdings Ltd. | 2.09% | 1.85% | -0.24% |
| Delhivery Ltd. | 1.76% | 1.52% | -0.24% |
| Motherson Sumi Wiring India Ltd. | 1.37% | 1.13% | -0.24% |
| Atul Ltd. | 1.64% | 1.42% | -0.22% |
| Multi Commodity Exchange Of India Ltd. | 1.39% | 1.60% | +0.21% |
| Narayana Hrudayalaya Ltd. | 1.47% | 1.26% | -0.21% |
| DOMS Industries Ltd. | 1.98% | 1.79% | -0.19% |
| Karur Vysya Bank Ltd. | 2.52% | 2.33% | -0.18% |
| Kusumgar Ltd. | 2.03% | 1.85% | -0.18% |
| Cera Sanitaryware Ltd. | 1.23% | 1.05% | -0.18% |
| Torrent Pharmaceuticals Ltd. | 1.81% | 1.63% | -0.17% |
| Wakefit Innovations Ltd. | 0.61% | 0.79% | +0.17% |
| Dr. Lal Pathlabs Ltd. | 2.36% | 2.18% | -0.17% |
| GE Vernova T&D India Ltd | 0.17% | 0.00% | -0.17% |
| JK Cement Ltd. | 1.54% | 1.37% | -0.16% |
| eClerx Services Ltd. | 1.43% | 1.60% | +0.16% |
| K.P.R. Mill Ltd. | 1.88% | 2.04% | +0.16% |
| Equitas Small Finance Bank Ltd. | 1.57% | 1.41% | -0.16% |
| Home First Finance Company India Ltd. | 1.47% | 1.31% | -0.15% |
| Vesuvius India Ltd. | 0.89% | 0.75% | -0.14% |
| Mankind Pharma Ltd. | 1.27% | 1.13% | -0.13% |
| Sundaram Finance Ltd. | 1.13% | 1.01% | -0.13% |
| Triveni Turbine Ltd. | 1.58% | 1.45% | -0.12% |
| Saatvik Green Energy Ltd. | 1.00% | 0.88% | -0.12% |
| Can Fin Homes Ltd. | 1.03% | 0.91% | -0.12% |
| DCB Bank Ltd. | 1.63% | 1.74% | +0.12% |
| Mahindra & Mahindra Ltd. | 0.77% | 0.88% | +0.11% |
| Safari Industries (India) Ltd. | 0.93% | 0.82% | -0.11% |
| Sobha Ltd. | 0.65% | 0.54% | -0.11% |
| Navin Fluorine International Ltd. | 0.99% | 0.88% | -0.11% |
| GNG Electronics Ltd. | 1.79% | 1.89% | +0.10% |
| BlueStone Jewellery and Lifestyle Ltd. | 1.20% | 1.10% | -0.10% |
| Godawari Power And Ispat Ltd. | 1.91% | 1.82% | -0.10% |
| Transport Corporation Of India Ltd. | 0.64% | 0.54% | -0.09% |
| Wockhardt Ltd. | 0.76% | 0.67% | -0.09% |
| Tenneco Clean Air India Ltd | 1.77% | 1.69% | -0.09% |
| L&T Finance Ltd. | 1.39% | 1.31% | -0.08% |
| The Phoenix Mills Ltd. | 0.93% | 0.85% | -0.08% |
| Wendt (India) Ltd. | 0.86% | 0.78% | -0.08% |
| KFin Technologies Ltd. | 1.23% | 1.16% | -0.07% |
| Billionbrains Garage Ventures Ltd. | 0.65% | 0.59% | -0.06% |
| Central Depository Services (India) Ltd. | 1.56% | 1.50% | -0.06% |
| Century Plyboards (India) Ltd. | 0.42% | 0.37% | -0.06% |
| Lenskart Solutions Ltd. | 0.74% | 0.80% | +0.06% |
| company:16398 | 0.00% | 0.05% | +0.05% |
| Indus Towers Ltd. | 0.92% | 0.97% | +0.05% |
| Laser Power & Infra Ltd. | 0.90% | 0.84% | -0.05% |
| Craftsman Automation Ltd. | 1.17% | 1.21% | +0.04% |
| Canara HSBC Life Insurance Company Ltd. | 1.23% | 1.20% | -0.03% |
| Brigade Enterprises Ltd. | 0.93% | 0.96% | +0.03% |
| Care Ratings Ltd. | 0.72% | 0.69% | -0.03% |
| Westlife Foodworld Ltd. | 0.98% | 1.01% | +0.03% |
| CG Power and Industrial Solutions Ltd. | 0.78% | 0.76% | -0.02% |
| Timken India Ltd. | 1.60% | 1.58% | -0.02% |
| Crisil Ltd. | 1.66% | 1.68% | +0.02% |
| Orient Electric Ltd. | 0.25% | 0.24% | -0.02% |
| Anthem Biosciences Ltd. | 1.92% | 1.94% | +0.02% |
| Sagility Ltd. | 1.38% | 1.36% | -0.01% |
| Sai Life Sciences Ltd. | 0.98% | 1.00% | +0.01% |
| Kalpataru Projects International Ltd. | 1.57% | 1.56% | -0.01% |
| Diamond Power Infrastructure Ltd. | 0.59% | 0.58% | -0.01% |
| Voltamp Transformers Ltd. | 1.94% | 1.95% | +0.01% |
| Elgi Equipments Ltd. | 1.16% | 1.17% | +0.01% |
| Eternal Ltd. | 0.58% | 0.57% | -0.01% |
| company:20823 | 0.00% | 0.00% | 0.00% |
| JSW Infrastructure Ltd. | 0.25% | 0.25% | 0.00% |
| Neuland Laboratories Ltd. | 1.95% | 1.95% | 0.00% |
| INDO-MIM Ltd. | 0.02% | 0.02% | 0.00% |
| BlackBuck Ltd. | 0.60% | 0.60% | 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 | ₹12,460 Cr | 2.03% | 31.2% | 16.8% | 21.5% |
 Bandhan Small Cap Fund | ₹34,176 Cr | 1.72% | 21.1% | 15.6% | 22.0% |
 Invesco India Small Cap Fund | ₹15,744 Cr | 1.83% | 24.4% | 15.9% | 20.4% |
 Mahindra Manulife Small Cap Fund | ₹5,468 Cr | 2.20% | 29.0% | 14.7% | — |
 ITI Small Cap Fund | ₹3,603 Cr | 2.22% | 34.9% | 18.0% | 22.1% |
 Bank of India Small Cap Fund | ₹3,307 Cr | 2.17% | 46.7% | 19.8% | 21.3% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate capital appreciation by investing predominantly in small cap stocks. From time to time, the fund manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction.
Fund managers
- Varun GoelMr. Goel has done B.Tech and MBA in Finance & MarketingPrior to joining Mirae Asset Mutual Fund, he has worked with Nippon India Mutual Fund, Motilal Oswal Asset Management Company Ltd., Karvy Stock Broking and KC Portfolio 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 months20.92% absolute | ₹60,000 | ₹72,552 | 20.92% | |
| 1 year11.22% annualised | ₹1,20,000 | ₹1,27,549 | 6.29% |
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 Small Cap Fund?
The NAV of Mirae Asset Small Cap Fund is ₹12.56 as on 25 Sep 2026.
What is the expense ratio of Mirae Asset Small Cap Fund?
The expense ratio of Mirae Asset Small Cap Fund is 2.14% per year.
What is the minimum SIP amount for Mirae Asset Small Cap Fund?
You can start a SIP in Mirae Asset Small Cap Fund with ₹3,000 a month.
Is there a lock-in or exit load on Mirae Asset Small Cap Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 365 days..
How risky is Mirae Asset Small Cap Fund?
Mirae Asset Small Cap Fund is rated Very High on the SEBI riskometer and belongs to the Small Cap category.
Which fund house manages Mirae Asset Small Cap Fund?
Mirae Asset Small Cap Fund is managed by Mirae Asset Mutual Fund, which runs 52 schemes with ₹2,32,232 Cr under management.