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 May 31, 2023 | 9,500.17 |
| Net AUM (₹ Cr.) |
9,747.92 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on May 31, 2023 |
Regular Plan: 1.73% Direct Plan: 0.57% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 23.270 | ₹ 22.021 |
| IDCW | ₹ 19.600 | ₹ 18.429 |
| New Position Bought |
| Stock |
| Consumer Durables |
| Dixon Technologies (India) Limited |
| Finance |
| LIC Housing Finance Limited |
| Retailing |
| Trent Limited |
| Positions Increased |
| Stock |
| Agricultural, Commercial & Construction Vehicles |
| Ashok Leyland Limited |
| Banks |
| Indian Bank |
| Consumer Durables |
| Crompton Greaves Consumer Electricals Limited |
| Financial Technology (Fintech) |
| PB Fintech Limited |
| Insurance |
| Max Financial Services Limited |
| IT - Software |
| Coforge Limited |
| Paper, Forest & Jute Products |
| JK Paper Limited |
| Pharmaceuticals & Biotechnology |
| Biocon Limited |
| Transport Services |
| Delhivery Limited |
| Positions Decreased |
| Stock |
| Aerospace & Defense |
| Bharat Electronics Limited |
| Auto Components |
| Craftsman Automation Limited |
| Sona BLW Precision Forgings Limited |
| Automobiles |
| TVS Motor Company Limited |
| Banks |
| Axis Bank Limited |
| State Bank of India |
| The Federal Bank Limited |
| Capital Markets |
| UTI Asset Management Company Limited |
| Cement & Cement Products |
| Nuvoco Vistas Corporation Limited |
| Consumer Durables |
| TTK Prestige Limited |
| Voltas Limited |
| Electrical Equipment |
| Thermax Limited |
| Ferrous Metals |
| Jindal Steel & Power Limited |
| Finance |
| Power Finance Corporation Limited |
| Shriram Finance Limited |
| IT - Software |
| LTIMindtree Limited |
| Minerals & Mining |
| NMDC Limited |
| Pharmaceuticals & Biotechnology |
| Ajanta Pharma Limited |
| Power |
| NTPC Limited |
| Textiles & Apparels |
| Page Industries Limited |
| Portfolio Holdings | % Allocation |
| Consumer Durables | |
| Kajaria Ceramics Ltd | 2.39% |
| Bata India Limited | 2.28% |
| Crompton Greaves Consumer Electricals Limited | 2.27% |
| Voltas Ltd | 1.11% |
| Century Plyboards (India) Limited | 0.97% |
| Dixon Technologies (India) Limited | 0.54% |
| TTK Prestige Limited | 0.18% |
| Banks | |
| The Federal Bank Limited | 3.69% |
| Axis Bank Ltd | 2.92% |
| State Bank of India | 2.23% |
| Indian Bank | 0.77% |
| Pharmaceuticals & Biotechnology | |
| Lupin Limited | 2.01% |
| Biocon Ltd | 1.36% |
| Natco Pharma Limited | 1.24% |
| Laurus Labs Limited | 1.18% |
| Ajanta Pharma Ltd | 1.16% |
| IPCA Laboratories Limited | 1.00% |
| Industrial Products | |
| Bharat Forge Limited | 3.41% |
| SKF India Limited | 2.62% |
| Prince Pipes And Fittings Limited | 1.41% |
| Finance | |
| Shriram Finance Limited | 3.08% |
| Power Finance Corporation Ltd | 2.51% |
| LIC Housing Finance Limited | 0.73% |
| IT - Software | |
| LTIMindtree Limited | 2.29% |
| Coforge Limited | 2.17% |
| MphasiS Limited | 0.70% |
| Transport Services | |
| Delhivery Limited | 2.19% |
| Container Corporation of India Limited | 1.53% |
| Auto Components | |
| CEAT Limited | 1.49% |
| Craftsman Automation Limited | 1.07% |
| Sona BLW Precision Forgings Limited | 1.01% |
| Balkrishna Industries Ltd | 0.12% |
| Gas | |
| Gujarat State Petronet Limited | 2.10% |
| Indraprastha Gas Limited | 1.49% |
| Cement & Cement Products | |
| JK Cement Limited | 2.01% |
| Nuvoco Vistas Corporation Limited | 1.43% |
| Chemicals & Petrochemicals | |
| Atul Limited | 1.54% |
| Chemplast Sanmar Limited | 0.85% |
| Sudarshan Chemical Industries Limited | 0.68% |
| Healthcare Services | |
| Fortis Healthcare Limited | 1.52% |
| Krishna Institute Of Medical Sciences Limited | 1.31% |
| Power | |
| NTPC Ltd | 2.41% |
| Electrical Equipment | |
| Thermax Limited | 2.39% |
| Insurance | |
| Max Financial Services Ltd | 2.32% |
| Automobiles | |
| TVS Motor Company Ltd | 2.30% |
| Telecom - Services | |
| Tata Communications Limited | 2.15% |
| Leisure Services | |
| The Indian Hotels Company Limited | 1.13% |
| Westlife Foodworld Limited | 1.00% |
| Fertilizers & Agrochemicals | |
| Bayer Cropscience Limited | 2.03% |
| Ferrous Metals | |
| Jindal Steel & Power Limited | 1.94% |
| Industrial Manufacturing | |
| Honeywell Automation India Limited | 1.82% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 1.77% |
| Personal Products | |
| Emami Limited | 1.71% |
| Financial Technology (Fintech) | |
| PB Fintech Limited | 1.50% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Limited | 1.13% |
| Minerals & Mining | |
| NMDC Limited | 0.92% |
| Realty | |
| Prestige Estates Projects Limited | 0.92% |
| Capital Markets | |
| UTI Asset Management Company Limited | 0.87% |
| Retailing | |
| Trent Limited | 0.79% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.74% |
| Paper, Forest & Jute Products | |
| JK Paper Limited | 0.28% |
| Equity Holding Total | 96.65% |
| Cash & Other Receivables | 3.35% |
| Total | 100.00% |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAMCF | 12.77% | 34.76% | 22.82% | |
| Scheme Benchmark* | 19.81% | 36.74% | 23.44% | |
| Additional Benchmark** | 14.05% | 26.02% | 15.43% | |
| NAV as on 31st May, 2023 | ₹ 22.021 | |||
| Index Value (31st May, 2023) | Index Value of Scheme benchmark is 15,797.26 and S&P BSE Sensex (TRI) is 95,211.42 |
|||
| 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 31-May-2023 |
SI |
4,60,000 | 6,86,603 |
3 Yrs |
3,60,000 | 4,69,627 |
1 Yr |
1,20,000 | 1,26,231 |
Returns (%) |
Period |
||
SI |
3yr |
1yrs |
|
Fund Return& (%) |
21.33 | 18.09 | 9.82 |
Benchmark Return& (%) |
23.96 | 21.62 | 19.58 |
Add. Benchmark Return& (%) |
16.31 | 14.93 | 13.79 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 15.81% |
| Beta: | 0.83 |
| R Squared | 0.87 |
| Sharpe Ratio#: | 1.80 |
| Information Ratio | -0.32 |
| Portfolio Turnover Ratio | 0.33 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 31st May, 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.
| 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