MIRAE ASSET
MIDCAP FUND - (MAMCF)
(Midacap Fund - An open ended equity scheme predominantly investing in mid cap stocks)
| Type of Scheme | An open ended equity scheme predominantly investing in mid cap stocks |
| Investment Objective | The investment objective of the scheme is 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. There is no assurance that the investment objective of the Scheme will be realized. |
Fund Manager** |
Mr. Ankit Jain (since inception) |
| Allotment Date | 29th July, 2019 |
| Benchmark Index | Nifty Midcap 150 (TRI) |
| Minimum Investment Amount |
₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹ 1,000/- per application and in multiples of ₹ 1/- thereafter. |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
Monthly and Quarterly: ₹1,000/- (multiples of ₹1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option. |
| Load Structure | Entry load: NA Exit load: If redeemed within 1 year (365 days) from the date of allotment: 1%. If redeemed after 1 year (365 days) from the date of allotment: NIL |
| Plans Available | Regular Plan and Direct Plan |
| Options Available | Growth Option and IDCW Option (Payout & Re-investment) |
| Monthly Average AUM (₹ Cr.) as on June 30, 2023 | 10,148.78 |
| Net AUM (₹ Cr.) |
10,567.13 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on June 30, 2023 |
Regular Plan: 1.73% Direct Plan: 0.62% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 24.954 | ₹ 23.592 |
| IDCW | ₹ 21.017 | ₹ 19.745 |
| New Position Bought |
| Stock |
| Capital Markets |
| HDFC Asset Management Company Limited |
| Industrial Manufacturing |
| Tega Industries Limited |
| Insurance |
| Star Health And Allied Insurance Company Limited |
| Retailing |
| FSN E-Commerce Ventures Limited |
| Positions Increased |
| Stock |
| Banks |
| Indian Bank |
| State Bank of India |
| Consumer Durables |
| Bata India Limited |
| Century Plyboards (India) Limited |
| Crompton Greaves Consumer Electricals Limited |
| Finance |
| LIC Housing Finance Limited |
| Gas |
| Indraprastha Gas Limited |
| Pharmaceuticals & Biotechnology |
| Lupin Limited |
| Realty |
| Prestige Estates Projects Limited |
| Telecom - Services |
| Tata Communications Limited |
| Transport Services |
| Delhivery Limited |
| Positions Decreased |
| Stock |
| Aerospace & Defense |
| Bharat Electronics Limited |
| Auto Components |
| Craftsman Automation Limited |
| Automobiles |
| TVS Motor Company Limited |
| Banks |
| Axis Bank Limited |
| The Federal Bank Limited |
| Capital Markets |
| UTI Asset Management Company Limited |
| Cement & Cement Products |
| Nuvoco Vistas Corporation Limited |
| Consumer Durables |
| Voltas Limited |
| Electrical Equipment |
| Thermax Limited |
| Ferrous Metals |
| Jindal Steel & Power Limited |
| Finance |
| Power Finance Corporation Limited |
| Shriram Finance Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Industrial Products |
| Bharat Forge Limited |
| Insurance |
| Max Financial Services Limited |
| Pharmaceuticals & Biotechnology |
| Ajanta Pharma Limited |
| Natco Pharma Limited |
| Portfolio Holdings | % Allocation |
| Consumer Durables | |
| Bata India Limited | 2.32% |
| Crompton Greaves Consumer Electricals Limited | 2.26% |
| Kajaria Ceramics Ltd | 2.17% |
| Century Plyboards (India) Limited | 1.19% |
| Voltas Ltd | 0.85% |
| Dixon Technologies (India) Limited | 0.56% |
| Banks | |
| The Federal Bank Limited | 3.31% |
| Axis Bank Ltd | 2.67% |
| State Bank of India | 2.25% |
| Indian Bank | 1.09% |
| Pharmaceuticals & Biotechnology | |
| Lupin Limited | 2.43% |
| Biocon Ltd | 1.36% |
| Natco Pharma Limited | 1.26% |
| Laurus Labs Limited | 1.21% |
| IPCA Laboratories Limited | 0.97% |
| Ajanta Pharma Ltd | 0.97% |
| Industrial Products | |
| Bharat Forge Limited | 3.24% |
| SKF India Limited | 2.72% |
| Prince Pipes And Fittings Limited | 1.38% |
| Finance | |
| Shriram Finance Limited | 3.26% |
| Power Finance Corporation Ltd | 2.27% |
| LIC Housing Finance Limited | 0.90% |
| IT - Software | |
| LTIMindtree Limited | 2.20% |
| Coforge Limited | 2.07% |
| MphasiS Limited | 0.63% |
| Transport Services | |
| Delhivery Limited | 2.20% |
| Container Corporation of India Limited | 1.39% |
| Auto Components | |
| CEAT Limited | 1.48% |
| Craftsman Automation Limited | 0.99% |
| Sona BLW Precision Forgings Limited | 0.89% |
| Balkrishna Industries Ltd | 0.11% |
| Gas | |
| Gujarat State Petronet Limited | 1.83% |
| Indraprastha Gas Limited | 1.48% |
| Cement & Cement Products | |
| JK Cement Limited | 1.95% |
| Nuvoco Vistas Corporation Limited | 1.29% |
| Chemicals & Petrochemicals | |
| Atul Limited | 1.48% |
| Chemplast Sanmar Limited | 0.78% |
| Sudarshan Chemical Industries Limited | 0.66% |
| Healthcare Services | |
| Fortis Healthcare Limited | 1.61% |
| Krishna Institute Of Medical Sciences Limited | 1.16% |
| Insurance | |
| Max Financial Services Ltd | 2.34% |
| Star Health And Allied Insurance Company Limited | 0.41% |
| Telecom - Services | |
| Tata Communications Limited | 2.50% |
| Power | |
| NTPC Ltd | 2.42% |
| Electrical Equipment | |
| Thermax Limited | 2.14% |
| Leisure Services | |
| The Indian Hotels Company Limited | 1.05% |
| Westlife Foodworld Limited | 1.02% |
| Industrial Manufacturing | |
| Honeywell Automation India Limited | 1.75% |
| Tega Industries Limited | 0.30% |
| Automobiles | |
| TVS Motor Company Ltd | 2.00% |
| Fertilizers & Agrochemicals | |
| Bayer Cropscience Limited | 1.94% |
| Ferrous Metals | |
| Jindal Steel & Power Limited | 1.93% |
| Personal Products | |
| Emami Limited | 1.71% |
| Capital Markets | |
| UTI Asset Management Company Limited | 0.82% |
| HDFC Asset Management Company Limited | 0.82% |
| Financial Technology (Fintech) | |
| PB Fintech Limited | 1.59% |
| Retailing | |
| Trent Limited | 0.82% |
| FSN E-Commerce Ventures Limited | 0.71% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 1.50% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Limited | 1.19% |
| Realty | |
| Prestige Estates Projects Limited | 1.06% |
| Minerals & Mining | |
| NMDC Limited | 0.83% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.66% |
| Paper, Forest & Jute Products | |
| JK Paper Limited | 0.25% |
| Equity Holding Total | 96.62% |
| Cash & Other Receivables | 3.38% |
| Total | 100.00% |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAMCF | 25.32% | 33.66% | 24.46% | |
| Scheme Benchmark* | 34.40% | 34.68% | 24.83% | |
| Additional Benchmark** | 23.67% | 24.43% | 16.13% | |
| NAV as on 30th June, 2023 | ₹ 23.592 | |||
| Index Value (30th June, 2023) | Index Value of Scheme benchmark is 16,791.34 and S&P BSE Sensex (TRI) is 98,623.85 |
|||
| Allotment Date | 29 July, 2019 | |||
| Scheme Benchmark | *Nifty Midcap 150 (TRI) | |||
| Additional Benchmark | **S&P BSE Sensex (TRI) | |||
Fund manager : Mr. Ankit Jain managing the scheme since July, 2019
Note: Returns below or for 1 year are absolute returns, returns above 1 year are CAGR- Compounded Annualized Growth returns.
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option
| Period | Total Amount Invested | Mkt Value as on 30-June-2023 |
SI |
4,70,000 | 7,46,264 |
3 Yrs |
3,60,000 | 4,88,209 |
1 Yr |
1,20,000 | 1,33,856 |
Returns (%) |
Period |
||
SI |
3yrs |
1yr |
|
Fund Return& (%) |
24.22 | 20.88 | 22.25 |
Benchmark Return& (%) |
26.35 | 23.84 | 30.01 |
Add. Benchmark Return& (%) |
17.53 | 15.92 | 18.95 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Regular Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
14-Feb-23 |
1.75 |
10.00 |
19.17 |
| Direct Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
14-Feb-23 |
1.70 |
10.00 |
20.22 |
Past Performance may or may not be sustained in future. Pursuant to payment of IDCW the NAV of the IDCW option of the scheme will fall to the extent of payout and statutory levy (if any). IDCW history is for MAMCF - Regular & Direct Plan - IDCW Option
| Volatility | 15.43% |
| Beta: | 0.84 |
| R Squared | 0.86 |
| Sharpe Ratio#: | 1.73 |
| Information Ratio | -0.16 |
| Portfolio Turnover Ratio | 0.34 times |
@The Volatility, Beta, R Squared, Sharpe Ratio & Information Ratio are calculated on returns from last three years Monthly data points. # Risk free rate: FBIL OVERNIGHT MIBOR as on 30th June, 2023. ^Basis last rolling 12 months. |
|
This product is suitable for investors who are seeking*
• To generate long term capital appreciation/income.
• Investments predominantly in equity & equity related securities of midcap companies
*Investors should consult their financial advisers if they are not clear about the suitability of the product.