Investment Objective and Approach

The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of midcap companies. From time to time, the fund manager may also participate in other Indian equities and equity related securities for optimal portfolio construction.

The fund invests predominantly (>65%) in to Mid-Cap equity and equity related instruments (101st -250th company in terms of full market capitalization). The fund aims to build a portfolio of companies having robust business models which have the potential to grow into tomorrow's large caps.

The fund follows a bottom-up investment approach, focusing on:

- Companies with strong fundamentals and growth potential

- Businesses with sustainable competitive advantages

- Midcap companies positioned to become future large-cap stocks

- Active portfolio monitoring with tactical adjustments

Fund Managers

Ankit Jain is the Current Fund Manager of Mirae Asset Midcap Fund, managing the scheme since inception. Mr. Jain is a B.Tech (ICT) and MBA (Finance). He has professional experience of more than 5 years and his primary responsibility includes Investment Analysis & Fund Management. He has been associated with the AMC as a Research Analyst since September 7, 2015. He was previously associated with Equirus Securities Pvt Ltd. and Infosys Ltd.

Key achievements:

- The fund has delivered a CAGR return of 24.96% since inception

- Over the past five years, the fund has delivered an annualised return of 27.55% as of 03-Aug-2025

- Over the last 1, 3 and 5 years the fund has given a CAGR return of 2.01%, 19.77% and 27.85% respectively

About the Fund House (AMC)

Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time.

Mirae Asset Mutual Fund has established itself as a prominent player in the Indian mutual fund industry, known for its:

- Strong equity investment philosophy

- Focus on growth-oriented businesses

- Emphasis on value investing principles

- Global investment expertise adapted for Indian markets

Should I Invest in Mirae Asset Midcap Fund?

This fund is suitable for investors who:

- Seek long-term capital appreciation over a 7+ year horizon

- Want exposure to high-growth midcap companies

- Can tolerate higher volatility for potentially higher returns

- Believe in the growth story of emerging Indian companies

Key Considerations:

- This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.

- Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years

- Like for all equity funds, you must invest only through the SIP route

Performance Highlights:

- AUM of ₹17,030.61 Cr as of 14th August 2025

- Expense ratio of 0.57 as of 14th August 2025

- Minimum investment required is ₹5,000 for lump sum and ₹99 for SIP

FAQs

What is today's NAV of Mirae Asset Midcap Fund?

The Latest NAV as of 14 Aug 2025 is ₹38.45. NAV is updated daily after market hours and reflects the per-unit value of the fund.

What is the AUM of Mirae Asset Midcap Fund?

The AUM (assets under management) of Mirae Asset Midcap Fund is ₹17,030.61 Cr as of 14th August 2025. This indicates the total value of assets managed by the fund.

What is the expense ratio of Mirae Asset Midcap Fund?

The expense ratio of Mirae Asset Midcap Fund is 0.57 as of 14th August 2025. This is quite competitive compared to other midcap funds in the market.

What are the returns of Mirae Asset Midcap Fund since inception?

Mirae Asset Midcap Fund has given a CAGR return of 24.96% since inception. The fund was launched in November 2007, providing nearly 17 years of consistent performance.

What is the minimum SIP amount to invest in Mirae Asset Midcap Fund?

The minimum SIP amount is ₹99, making it accessible for retail investors to start their investment journey with small amounts.

How do I invest in Mirae Asset Midcap Fund?

You can invest through Allvest platform by selecting the fund, choosing SIP or lump sum option, completing KYC requirements, and setting up payment methods. Allvest offers a seamless digital investment experience.

How to start a SIP in Mirae Asset Midcap Fund?

Through Allvest, select the SIP option, choose your monthly investment amount (minimum ₹99), set the date, complete bank mandate setup, and your SIP will commence automatically.

How do I automate an SIP in Mirae Asset Midcap Fund?

Allvest provides auto-debit facility through bank mandate or UPI autopay. Once set up during SIP registration, investments will be automatically debited from your account on the chosen date.

How can I withdraw/redeem my investment in Mirae Asset Midcap Fund?

You can redeem through Allvest platform by placing a redemption request. Exit Load of 1% will be charged for redemption within 1 year. Proceeds are typically credited within 3-4 working days.