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Mirae Asset Small Cap Fund - NAV, Performance, Returns | Investment Guide 2025

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Explore Mirae Asset Small Cap Fund - India's newest small cap mutual fund. Get latest NAV, AUM details, fund manager info, returns analysis and complete investment guide for 2025.

Investment Objective and Approach

The investment objective of the scheme is 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.

The fund follows a disciplined investment approach with specific allocation targets:

- It will invest at least 65% of the fund in small cap stocks while allocating up to 35% of the fund in mid cap and large cap stocks.

- The scheme will invest in quality stocks that show sustainable high earnings growth, high capital efficiency, good corporate governance and have low or negligible leverage.

The investment strategy employs bottom-up stock analysis to pick the new emerging small cap companies that show maximum growth potential with focus on companies that are relatively undervalued in specialized markets.

Key investment parameters include:

- Minimum SIP amount: ₹99 for the SIP (Systematic Investment Plan) option

- Minimum lump sum: ₹5,000 for the lump sum option

- Exit load: 1% will be charged for redemption within 365 days

- Benchmark: Nifty Small Cap 250 Total Return Index (TRI)

Fund Managers

The fund is managed by experienced professionals who bring extensive expertise in equity research and fund management:

Mr. Varun Goel - Senior Fund Manager

Mr. Varun Goel has around 17 years of experience in Fund management & Equity Research. Prior to this assignment, Mr. Goel was fund manager for Equity AIF funds at Nippon Life India AIF Management Limited. Additionally, Mr. Goel has also worked with Motilal Oswal Asset Management Company Limited, Karvy Stock Broking, KC Securities and Kotak Securities. He is qualified in BTech (Mechanical Engineering) IIT Delhi and PGDM (Finance & Marketing) IIM Lucknow.

Mr. Siddharth Srivastava - Head ETF Product and Fund Manager

Siddharth Srivastava has more than 13 years of experience in the field of financial services and stock markets. He has been associated with Mirae Asset Investment Managers (India) Private Limited from 1st January 2020 till date with overall responsibilities of leading passive investment products. Prior to this assignment, he was Senior Manager at NSE Indices Limited from September 2014 - October 2018 and was associated as Senior Associate at Morgan Stanley Capital International from November 2010 - August 2014. He has done MBA (Tech) and B (Tech).

About the Fund House (AMC)

Established in 2008, Mirae Asset Mutual Fund is one of India's fastest-growing fund houses. Mirae Asset Investment Managers (India) Pvt. Ltd. is the Asset Management Company ("AMC") of Mirae Asset Mutual Fund.

Global Presence and Expertise

As a pivotal player within Mirae Asset Global Investments, operating across 19 countries, Mirae Asset Investment Managers (India) Pvt. Ltd. is dedicated to collaborative management, offering a fully diversified investment platform.

Current AUM and Scheme Portfolio

- Total AUM: ₹ 2,06,596.41 crores managing 329 schemes

- Scheme distribution: 21 Equity schemes, 13 Debt schemes, 12 Hybrid schemes and 2 Money market schemes

- The AMC has 70 schemes available for investors spread across Equity funds, Debt funds, Hybrid Funds, and ETF funds.

Leadership Team

The fund house is led by Mr. Swarup Anand Mohanty is the Vice Chairman & CEO of Mirae Asset Investment Managers (India) Pvt. Ltd., with over 30 years of expertise in financial services, specializing in Asset Management Sales. Since joining in July 2011, he has led Mirae Asset's India operations with visionary leadership, navigating challenging market conditions with strategic insight.

Investment Philosophy

With expertise drawn from our global professionals, Mirae Asset Mutual Fund caters to clients' evolving needs with innovative solutions across various asset classes, striving to align portfolios with investment objectives for sustainable growth and success.

Should I Invest in Mirae Asset Small Cap Fund?

This fund is suitable for investors with specific risk profiles and investment horizons:

Ideal Investor Profile

- Investors with a high-risk appetite who are seeking wealth creation through participation in higher growing segments of the economy

- Young, dynamic investors who aim to explore high-growth opportunities, experienced risk-takers aiming to enhance portfolio returns, and Systematic Investment Plans (SIP) investors aiming to manage market volatility through disciplined investing

Investment Horizon and Risk Considerations

- Minimum recommended investment period: Do not invest in this, or any other small-cap fund, if you need to redeem your investment in less than seven years

- This is a fund that invests in smaller 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.

Tax Implications

- Short-term (within 1 year): If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 20%

- Long-term (after 1 year): If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1.25 lakh in a financial year are exempt from tax. Gains over Rs 1.25 lakh are taxed at the rate of 12.5%

Key Benefits

- Access to emerging small-cap opportunities with growth potential

- Professional management by experienced fund managers

- Diversified portfolio construction with up to 35% allocation in mid and large-cap stocks

- SIP investment option for disciplined investing starting at just ₹99

Important Considerations

- The Mirae Asset Small Cap Fund Direct Growth is rated Very High risk

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

- This is a newly launched fund (February 2025), so historical performance data is limited

FAQs

What is today's NAV of Mirae Asset Small Cap Fund?

The NAV changes daily based on market movements. You can check the latest NAV on Allvest platform or the AMC's official website for real-time updates.

What is the AUM of Mirae Asset Small Cap Fund?

As a newly launched fund in February 2025, the AUM is still building up. Current AUM details can be found on the Allvest platform with the latest available data.

What is the expense ratio of Mirae Asset Small Cap Fund?

The expense ratio details are available on the fund's official documentation. Check Allvest platform for the most current expense ratio information.

What are the returns of Mirae Asset Small Cap Fund since inception?

Being a newly launched fund (February 2025), meaningful return data will be available after sufficient operational period. Historical performance can be tracked on Allvest platform.

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

The minimum SIP amount is ₹99 with subsequent investments in multiples of ₹1, making it accessible for regular investors.

How do I invest in Mirae Asset Small Cap Fund?

You can invest in this fund through Allvest platform, which offers both direct and regular plan options with easy online investment process and portfolio tracking.

How to start a SIP in Mirae Asset Small Cap Fund?

Visit Allvest platform, select the fund, choose SIP option, set your monthly amount (minimum ₹99), and complete the investment process with your bank details.

How do I automate an SIP in Mirae Asset Small Cap Fund?

Through Allvest platform, you can set up automated SIP with auto-debit facility from your bank account, ensuring regular investments without manual intervention.

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

You can redeem your investments through Allvest platform online. Note that 1% exit load applies for redemptions within 365 days of investment.