Mirae Asset Small Cap Fund
Small CapVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹12.11-0.79%1 day
- Return since launch
- 11.0%
- 52-week range
- ₹10.10 — ₹12.84
- AUM
- ₹5,819 Cr
Mirae Asset Small Cap Fund is a Small Cap equity fund from Mirae Asset Mutual Fund with ₹5,819 Cr under management, launched in 2025. The expense ratio is 2.10% 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 +3.3% against +6.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.3% | +0.2 pts | 7.1% | 11.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.8% | 0.0 pts | -2.7% | -0.5% |
| 3M | -3.1% | +0.1 pts | -3.2% | -3.9% |
| 6M | 2.2% | −1.8 pts | 4.0% | 3.0% |
| 1Y | 3.3% | −3.8 pts | 7.1% | 6.6% |
Since launch (10 Jan 2025): 11.0%
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
2.09%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.57%
- Brokerage
- 0.06%
- Transaction charges
- 0.00%
- Statutory levies
- 0.46%
- 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 30 Sep 2026
Asset allocation
- Equity98.7%
- Other1.3%
Market cap split
- Large6.4%
- Mid15.2%
- Small78.5%
- P/E
- 30.61
- P/B
- 4.38
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Welspun Corp Ltd. | Metals & Mining | 2.86% | ₹167 Cr | +3.02% | +2.28% | +2.19% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 2.53% | ₹147 Cr | +2.98% | +2.18% | +1.89% |
| BlueStone Jewellery and Lifestyle Ltd. | Consumer Discretionary | 2.33% | ₹135 Cr | +0.75% | +0.69% | +0.90% |
| Dr. Lal Pathlabs Ltd. | Healthcare | 2.30% | ₹134 Cr | +2.02% | +1.65% | +2.00% |
| Karur Vysya Bank Ltd. | Financial | 2.14% | ₹125 Cr | +2.35% | +3.45% | +3.06% |
| GNG Electronics Ltd. | Consumer Discretionary | 1.89% | ₹110 Cr | +2.47% | +1.05% | +1.38% |
| K.P.R. Mill Ltd. | Textiles | 1.88% | ₹109 Cr | +1.61% | +1.65% | +2.06% |
| Kusumgar Ltd. | Textiles | 1.88% | ₹109 Cr | — | — | — |
| Voltamp Transformers Ltd. | Capital Goods | 1.87% | ₹109 Cr | +2.19% | — | — |
| Gland Pharma Ltd. | Healthcare | 1.85% | ₹107 Cr | — | — | — |
| Anthem Biosciences Ltd. | Healthcare | 1.83% | ₹107 Cr | +1.98% | +1.91% | +0.20% |
| Atul Ltd. | Chemicals | 1.80% | ₹105 Cr | +1.70% | +1.83% | +1.76% |
| Neuland Laboratories Ltd. | Healthcare | 1.78% | ₹104 Cr | +2.05% | +1.40% | +1.44% |
| Timken India Ltd. | Capital Goods | 1.71% | ₹99.43 Cr | +1.83% | +1.83% | +1.69% |
| NLC India Ltd. | Energy | 1.71% | ₹99.38 Cr | +1.26% | — | — |
| Cholamandalam Financial Holdings Ltd. | Financial | 1.69% | ₹98.52 Cr | +2.43% | +2.91% | +2.99% |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 1.69% | ₹98.15 Cr | +2.13% | +1.64% | +1.57% |
| DOMS Industries Ltd. | Consumer Staples | 1.66% | ₹96.32 Cr | +1.03% | — | — |
| Godawari Power And Ispat Ltd. | Metals & Mining | 1.63% | ₹94.69 Cr | +1.75% | +2.32% | +2.33% |
| Kanohar Electricals Ltd. | Capital Goods | 1.60% | ₹93.35 Cr | — | — | — |
| DCB Bank Ltd. | Financial | 1.60% | ₹92.98 Cr | +1.67% | +1.96% | +1.69% |
| JK Cement Ltd. | Materials | 1.60% | ₹92.96 Cr | +1.66% | +2.17% | +1.68% |
| Tenneco Clean Air India Ltd | Automobile | 1.59% | ₹92.62 Cr | +1.64% | +2.05% | — |
| Multi Commodity Exchange Of India Ltd. | Services | 1.53% | ₹88.92 Cr | +1.58% | +2.04% | +1.84% |
| Crisil Ltd. | Services | 1.52% | ₹88.72 Cr | +1.66% | +1.96% | — |
| The Phoenix Mills Ltd. | Construction | 1.47% | ₹85.62 Cr | +0.78% | — | — |
| Coromandel International Ltd. | Chemicals | 1.47% | ₹85.30 Cr | +1.82% | — | — |
| eClerx Services Ltd. | Services | 1.44% | ₹84.01 Cr | +1.11% | +1.39% | +1.45% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.44% | ₹83.51 Cr | — | — | — |
| Delhivery Ltd. | Services | 1.42% | ₹82.35 Cr | +1.86% | — | — |
| Triveni Turbine Ltd. | Construction | 1.33% | ₹77.54 Cr | +1.64% | +1.63% | +1.82% |
| Central Depository Services (India) Ltd. | Financial | 1.33% | ₹77.36 Cr | +1.65% | +2.06% | +1.09% |
| Equitas Small Finance Bank Ltd. | Financial | 1.29% | ₹75.00 Cr | +1.25% | +0.52% | +0.79% |
| Kalpataru Projects International Ltd. | Capital Goods | 1.26% | ₹73.20 Cr | +1.71% | — | — |
| Others | Others | 1.25% | ₹72.93 Cr | -0.57% | -1.06% | -1.81% |
| Home First Finance Company India Ltd. | Financial | 1.22% | ₹71.18 Cr | +1.52% | +1.67% | — |
| Sagility Ltd. | Services | 1.21% | ₹70.54 Cr | +1.03% | +1.40% | +1.60% |
| City Union Bank Ltd. | Financial | 1.19% | ₹69.04 Cr | — | — | — |
| Narayana Hrudayalaya Ltd. | Healthcare | 1.17% | ₹67.85 Cr | +1.54% | +1.68% | +1.99% |
| Mankind Pharma Ltd. | Healthcare | 1.15% | ₹67.01 Cr | +1.05% | +1.00% | +1.47% |
| Aditya Infotech Ltd. | Communication | 1.14% | ₹66.57 Cr | — | +0.04% | +0.04% |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 1.12% | ₹64.98 Cr | +1.26% | +1.33% | — |
| Elgi Equipments Ltd. | Capital Goods | 1.11% | ₹64.80 Cr | +1.25% | — | — |
| Craftsman Automation Ltd. | Automobile | 1.11% | ₹64.35 Cr | +1.21% | — | — |
| Fine Organic Industries Ltd. | Chemicals | 1.08% | ₹62.58 Cr | +0.88% | +0.89% | +0.63% |
| L&T Finance Ltd. | Financial | 1.06% | ₹61.59 Cr | +1.49% | +1.31% | +0.34% |
| Motherson Sumi Wiring India Ltd. | Automobile | 1.03% | ₹59.95 Cr | +1.36% | +1.82% | +1.97% |
| Sai Life Sciences Ltd. | Healthcare | 1.02% | ₹59.52 Cr | +1.00% | +1.01% | +1.19% |
| Symbiotec Pharmalab Ltd. | Healthcare | 1.00% | ₹58.23 Cr | — | — | — |
| KFin Technologies Ltd. | Financial | 0.99% | ₹57.42 Cr | +1.46% | +1.94% | +0.68% |
| Mahindra & Mahindra Ltd. | Automobile | 0.98% | ₹56.84 Cr | +0.75% | +1.04% | +1.32% |
| Computer Age Management Services Ltd. | Services | 0.97% | ₹56.43 Cr | +1.61% | +1.37% | +1.96% |
| Sundaram Finance Ltd. | Financial | 0.95% | ₹55.28 Cr | +1.18% | +1.30% | — |
| Indus Towers Ltd. | Communication | 0.92% | ₹53.37 Cr | +0.83% | — | — |
| Cera Sanitaryware Ltd. | Materials | 0.91% | ₹53.18 Cr | +1.39% | +1.25% | +1.68% |
| National Stock Exchange | Financial | 0.91% | ₹52.89 Cr | — | — | — |
| Shiprocket Ltd. | Technology | 0.91% | ₹52.87 Cr | — | — | — |
| Saatvik Green Energy Ltd. | Energy | 0.85% | ₹49.61 Cr | +1.08% | +1.19% | +0.47% |
| Foseco India Ltd. | Chemicals | 0.83% | ₹48.37 Cr | — | — | — |
| Navin Fluorine International Ltd. | Chemicals | 0.83% | ₹48.06 Cr | +1.19% | +1.57% | +2.00% |
| Brigade Enterprises Ltd. | Construction | 0.83% | ₹48.01 Cr | +0.86% | +0.79% | +1.33% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.81% | ₹47.08 Cr | +0.73% | — | — |
| Can Fin Homes Ltd. | Financial | 0.81% | ₹46.96 Cr | +1.17% | +1.55% | +1.69% |
| Wendt (India) Ltd. | Metals & Mining | 0.79% | ₹45.71 Cr | +0.89% | +0.88% | +1.51% |
| Safari Industries (India) Ltd. | Consumer Discretionary | 0.77% | ₹44.53 Cr | +1.03% | +1.34% | +2.10% |
| Vesuvius India Ltd. | Capital Goods | 0.76% | ₹44.35 Cr | +0.96% | +0.86% | +0.83% |
| Wakefit Innovations Ltd. | Consumer Discretionary | 0.76% | ₹44.07 Cr | +0.63% | +0.90% | — |
| Wockhardt Ltd. | Healthcare | 0.74% | ₹42.87 Cr | +0.49% | — | — |
| Sapphire Foods India Ltd. | Services | 0.70% | ₹40.69 Cr | — | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 0.69% | ₹40.27 Cr | +0.93% | +0.93% | +1.29% |
| Laser Power & Infra Ltd. | Capital Goods | 0.67% | ₹39.23 Cr | — | — | — |
| Care Ratings Ltd. | Services | 0.65% | ₹37.70 Cr | +0.75% | +0.89% | +1.18% |
| BlackBuck Ltd. | Services | 0.61% | ₹35.26 Cr | +0.64% | +0.92% | — |
| Billionbrains Garage Ventures Ltd. | Financial | 0.56% | ₹32.34 Cr | +0.72% | — | — |
| Molbio Diagnostics Ltd. | Healthcare | 0.55% | ₹31.81 Cr | — | — | — |
| Transport Corporation Of India Ltd. | Services | 0.54% | ₹31.28 Cr | +0.68% | +0.74% | +1.02% |
| Sobha Ltd. | Construction | 0.52% | ₹30.01 Cr | +0.70% | +0.74% | +1.16% |
| Eternal Ltd. | Services | 0.50% | ₹28.82 Cr | +0.55% | +1.09% | +0.69% |
| SJS Enterprises Ltd. | Automobile | 0.47% | ₹27.19 Cr | — | — | — |
| Century Plyboards (India) Ltd. | Materials | 0.33% | ₹18.92 Cr | +0.43% | +0.58% | +0.89% |
| TVS Motor Company Ltd. | Automobile | 0.29% | ₹17.05 Cr | +0.71% | +0.88% | +1.25% |
| JSW Infrastructure Ltd. | Services | 0.25% | ₹14.72 Cr | +0.27% | — | — |
| Indigo Paints Ltd. | Materials | 0.24% | ₹13.73 Cr | — | — | — |
| Orient Electric Ltd. | Consumer Discretionary | 0.20% | ₹11.89 Cr | +0.27% | +0.22% | +0.39% |
| Diamond Power Infrastructure Ltd. | Capital Goods | 0.20% | ₹11.89 Cr | — | — | — |
| Moneyview Ltd. | Financial | 0.01% | ₹0.42 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Kanohar Electricals Ltd. | 0.00% | 1.60% | +1.60% |
| BlueStone Jewellery and Lifestyle Ltd. | 1.10% | 2.33% | +1.22% |
| Aditya Infotech Ltd. | 0.00% | 1.14% | +1.14% |
| Others | -0.44% | -1.57% | -1.13% |
| Westlife Foodworld Ltd. | 1.01% | 0.00% | -1.01% |
| Symbiotec Pharmalab Ltd. | 0.00% | 1.00% | +1.00% |
| National Stock Exchange | 0.00% | 0.91% | +0.91% |
| Pine Labs Ltd. | 0.69% | 0.00% | -0.69% |
| The Phoenix Mills Ltd. | 0.85% | 1.47% | +0.62% |
| Atul Ltd. | 1.42% | 1.80% | +0.38% |
| Diamond Power Infrastructure Ltd. | 0.58% | 0.20% | -0.37% |
| Kalpataru Projects International Ltd. | 1.56% | 1.26% | -0.30% |
| Kirloskar Oil Engines Ltd. | 2.24% | 2.53% | +0.29% |
| L&T Finance Ltd. | 1.31% | 1.06% | -0.25% |
| Molbio Diagnostics Ltd. | 0.30% | 0.55% | +0.25% |
| JK Cement Ltd. | 1.37% | 1.60% | +0.23% |
| Torrent Pharmaceuticals Ltd. | 1.63% | 1.44% | -0.20% |
| Karur Vysya Bank Ltd. | 2.33% | 2.14% | -0.19% |
| Godawari Power And Ispat Ltd. | 1.82% | 1.63% | -0.19% |
| Indigo Paints Ltd. | 0.05% | 0.24% | +0.18% |
| Computer Age Management Services Ltd. | 1.15% | 0.97% | -0.18% |
| KFin Technologies Ltd. | 1.16% | 0.99% | -0.17% |
| Neuland Laboratories Ltd. | 1.95% | 1.78% | -0.17% |
| Central Depository Services (India) Ltd. | 1.50% | 1.33% | -0.17% |
| Laser Power & Infra Ltd. | 0.84% | 0.67% | -0.17% |
| K.P.R. Mill Ltd. | 2.04% | 1.88% | -0.16% |
| Shiprocket Ltd. | 1.07% | 0.91% | -0.16% |
| Crisil Ltd. | 1.68% | 1.52% | -0.16% |
| Cholamandalam Financial Holdings Ltd. | 1.85% | 1.69% | -0.15% |
| eClerx Services Ltd. | 1.60% | 1.44% | -0.15% |
| Coromandel International Ltd. | 1.62% | 1.47% | -0.15% |
| Sagility Ltd. | 1.36% | 1.21% | -0.15% |
| DCB Bank Ltd. | 1.74% | 1.60% | -0.15% |
| Cera Sanitaryware Ltd. | 1.05% | 0.91% | -0.13% |
| Brigade Enterprises Ltd. | 0.96% | 0.83% | -0.13% |
| DOMS Industries Ltd. | 1.79% | 1.66% | -0.13% |
| Timken India Ltd. | 1.58% | 1.71% | +0.12% |
| Triveni Turbine Ltd. | 1.45% | 1.33% | -0.12% |
| Equitas Small Finance Bank Ltd. | 1.41% | 1.29% | -0.12% |
| Dr. Lal Pathlabs Ltd. | 2.18% | 2.30% | +0.11% |
| Delhivery Ltd. | 1.52% | 1.42% | -0.11% |
| Anthem Biosciences Ltd. | 1.94% | 1.83% | -0.11% |
| Craftsman Automation Ltd. | 1.21% | 1.11% | -0.10% |
| Motherson Sumi Wiring India Ltd. | 1.13% | 1.03% | -0.10% |
| Can Fin Homes Ltd. | 0.91% | 0.81% | -0.10% |
| Mahindra & Mahindra Ltd. | 0.88% | 0.98% | +0.10% |
| Narayana Hrudayalaya Ltd. | 1.26% | 1.17% | -0.10% |
| Tenneco Clean Air India Ltd | 1.69% | 1.59% | -0.10% |
| Home First Finance Company India Ltd. | 1.31% | 1.22% | -0.09% |
| Welspun Corp Ltd. | 2.77% | 2.86% | +0.09% |
| Voltamp Transformers Ltd. | 1.95% | 1.87% | -0.08% |
| Eternal Ltd. | 0.57% | 0.50% | -0.08% |
| Canara HSBC Life Insurance Company Ltd. | 1.20% | 1.12% | -0.08% |
| Gland Pharma Ltd. | 1.77% | 1.85% | +0.08% |
| Multi Commodity Exchange Of India Ltd. | 1.60% | 1.53% | -0.07% |
| Wockhardt Ltd. | 0.67% | 0.74% | +0.07% |
| NLC India Ltd. | 1.78% | 1.71% | -0.07% |
| CG Power and Industrial Solutions Ltd. | 0.76% | 0.69% | -0.06% |
| Sapphire Foods India Ltd. | 0.76% | 0.70% | -0.06% |
| Navin Fluorine International Ltd. | 0.88% | 0.83% | -0.06% |
| Sundaram Finance Ltd. | 1.01% | 0.95% | -0.06% |
| Safari Industries (India) Ltd. | 0.82% | 0.77% | -0.06% |
| Fine Organic Industries Ltd. | 1.02% | 1.08% | +0.06% |
| SJS Enterprises Ltd. | 0.52% | 0.47% | -0.06% |
| Indus Towers Ltd. | 0.97% | 0.92% | -0.06% |
| Elgi Equipments Ltd. | 1.17% | 1.11% | -0.05% |
| Century Plyboards (India) Ltd. | 0.37% | 0.33% | -0.04% |
| Care Ratings Ltd. | 0.69% | 0.65% | -0.04% |
| City Union Bank Ltd. | 1.22% | 1.19% | -0.04% |
| Billionbrains Garage Ventures Ltd. | 0.59% | 0.56% | -0.04% |
| Orient Electric Ltd. | 0.24% | 0.20% | -0.03% |
| Wakefit Innovations Ltd. | 0.79% | 0.76% | -0.03% |
| Kusumgar Ltd. | 1.85% | 1.88% | +0.03% |
| Sai Life Sciences Ltd. | 1.00% | 1.02% | +0.03% |
| Saatvik Green Energy Ltd. | 0.88% | 0.85% | -0.02% |
| Sobha Ltd. | 0.54% | 0.52% | -0.02% |
| TVS Motor Company Ltd. | 0.32% | 0.29% | -0.02% |
| Mankind Pharma Ltd. | 1.13% | 1.15% | +0.02% |
| INDO-MIM Ltd. | 0.02% | 0.00% | -0.02% |
| Vesuvius India Ltd. | 0.75% | 0.76% | +0.02% |
| Krishna Institute of Medical Sciences Ltd | 1.67% | 1.69% | +0.01% |
| Lenskart Solutions Ltd. | 0.80% | 0.81% | +0.01% |
| Foseco India Ltd. | 0.84% | 0.83% | -0.01% |
| JSW Infrastructure Ltd. | 0.25% | 0.25% | +0.01% |
| Moneyview Ltd. | 0.00% | 0.01% | +0.01% |
| Transport Corporation Of India Ltd. | 0.54% | 0.54% | -0.01% |
| GNG Electronics Ltd. | 1.89% | 1.89% | 0.00% |
| BlackBuck Ltd. | 0.60% | 0.61% | 0.00% |
| Wendt (India) Ltd. | 0.78% | 0.79% | 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 | ₹12,977 Cr | 2.04% | 20.7% | 13.1% | 19.2% |
 Bandhan Small Cap Fund | ₹35,856 Cr | 1.73% | 10.6% | 11.0% | 19.3% |
 Invesco India Small Cap Fund | ₹16,321 Cr | 1.83% | 23.9% | 15.0% | 19.8% |
 Mahindra Manulife Small Cap Fund | ₹5,373 Cr | 2.17% | 19.3% | 11.1% | — |
 Bank of India Small Cap Fund | ₹3,671 Cr | 2.25% | 29.5% | 15.2% | 18.4% |
 ITI Small Cap Fund | ₹3,666 Cr | 2.20% | 20.3% | 13.1% | 19.2% |
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 months2.20% absolute | ₹60,000 | ₹61,320 | 2.20% | |
| 1 year3.30% annualised | ₹1,20,000 | ₹1,22,167 | 1.81% |
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 ₹12.11 as on 6 Nov 2026.
What is the expense ratio of Mirae Asset Small Cap Fund?
The expense ratio of Mirae Asset Small Cap Fund is 2.10% 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 54 schemes with ₹2,45,364 Cr under management.