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 February 28, 2023 | 8,845.56 |
| Net AUM (₹ Cr.) |
8,753.87 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on February 28, 2023 |
Regular Plan: 1.83% Direct Plan: 0.61% |
| **For experience of Fund Managers Click Here | |
| ^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. | |
| Portfolio Holdings | % Allocation |
Banks |
|
The Federal Bank Ltd |
4.18% |
Axis Bank Ltd |
3.45% |
State Bank of India |
2.21% |
Consumer Durables |
|
Bata India Ltd |
2.17% |
Voltas Ltd |
2.10% |
Kajaria Ceramics Ltd |
2.02% |
Crompton Greaves Consumer Electricals Ltd |
1.71% |
Century Plyboards (India) Ltd |
0.95% |
TTK Prestige Ltd |
0.58% |
Industrial Products |
|
Bharat Forge Ltd |
3.91% |
SKF India Ltd |
2.30% |
Prince Pipes And Fittings Ltd |
1.37% |
Pharmaceuticals & Biotechnology |
|
Lupin Ltd |
1.84% |
IPCA Laboratories Ltd |
1.35% |
Natco Pharma Ltd |
1.27% |
Laurus Labs Ltd |
1.25% |
Ajanta Pharma Ltd |
1.20% |
Biocon Ltd |
0.60% |
Finance |
|
Shriram Finance Ltd |
3.20% |
Power Finance Corporation Ltd |
2.58% |
IT - Software |
|
LTIMindtree Ltd |
2.35% |
Coforge Ltd |
2.16% |
MphasiS Ltd |
0.59% |
Auto Components |
|
CEAT Ltd |
1.19% |
Craftsman Automation Ltd |
1.13% |
Sona BLW Precision Forgings Ltd |
0.96% |
Balkrishna Industries Ltd |
0.86% |
Gas |
|
Gujarat State Petronet Ltd |
2.20% |
Indraprastha Gas Ltd |
1.52% |
Cement & Cement Products |
|
Nuvoco Vistas Corporation Ltd |
1.77% |
JK Cement Ltd |
1.74% |
Transport Services |
|
Delhivery Ltd |
1.89% |
Container Corporation of India Ltd |
1.50% |
Chemicals & Petrochemicals |
|
Atul Ltd |
1.79% |
Chemplast Sanmar Ltd |
0.81% |
Sudarshan Chemical Industries Ltd |
0.61% |
Power |
|
NTPC Ltd |
3.16% |
Automobiles |
|
TVS Motor Company Ltd |
3.15% |
Healthcare Services |
|
Fortis Healthcare Ltd |
1.65% |
Krishna Institute Of Medical Sciences Ltd |
1.13% |
Electrical Equipment |
|
Thermax Ltd |
2.56% |
Ferrous Metals |
|
Jindal Steel & Power Ltd |
2.53% |
Fertilizers & Agrochemicals |
|
Bayer Cropscience Ltd |
2.29% |
Telecom - Services |
|
Tata Communications Ltd |
2.22% |
Textiles & Apparels |
|
Page Industries Ltd |
2.03% |
Personal Products |
|
Emami Ltd |
1.94% |
Leisure Services |
|
The Indian Hotels Company Ltd |
0.96% |
Westlife Foodworld Ltd |
0.92% |
Insurance |
|
Max Financial Services Ltd |
1.86% |
Aerospace & Defense |
|
Bharat Electronics Ltd |
1.76% |
Industrial Manufacturing |
|
Honeywell Automation India Ltd |
1.75% |
Capital Markets |
|
UTI Asset Management Company Ltd |
0.97% |
KFin Technologies Ltd |
0.27% |
Financial Technology (Fintech) |
|
PB Fintech Ltd |
1.02% |
Realty |
|
Prestige Estates Projects Ltd |
0.86% |
Petroleum Products |
|
Hindustan Petroleum Corporation Ltd |
0.47% |
Agricultural, Commercial & Construction Vehicles |
|
Ashok Leyland Ltd |
0.38% |
Non - Ferrous Metals |
|
National Aluminium Company Ltd |
0.31% |
Equity Holding Total |
97.47% |
Cash & Other Receivables |
2.53% |
Total |
100.00% |
| NAV: | Direct | Regular |
| Growth | ₹ 21.668 | ₹ 20.565 |
| IDCW^ | ₹ 18.250 | ₹ 17.210 |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAMCF | 3.89% |
22.61% |
22.25% |
|
| Scheme Benchmark* | 8.28% |
23.14% |
21.79% |
|
| Additional Benchmark** | 6.19% |
16.86% |
14.53% |
|
| NAV as on 28th February, 2023 | ₹ 20.565 | |||
| Index Value (28th February, 2023) | Index Value of Scheme benchmark is 14,274.97 and S&P BSE Sensex (TRI) is 89,281.77 |
|||
| 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
| Volatility | 23.46% |
| Beta: | 0.87 |
| R Squared | 0.96 |
| Sharpe Ratio#: | 0.78 |
| Information Ratio | 0.35 |
| 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 28th February, 2023. ^Basis last rolling 12 months. |
|
| New Position Bought |
| Stock |
| Agricultural, Commercial & Construction Vehicles |
| Ashok Leyland Limited |
| Financial Technology (Fintech) |
| PB Fintech Limited |
| Leisure Services |
| The Indian Hotels Company Limited |
| Positions Increased |
| Stock |
| Auto Components |
| Sona BLW Precision Forgings Limited |
| Banks |
| State Bank of India |
| Consumer Durables |
| Bata India Limited |
| Electrical Equipment |
| Thermax Limited |
| Gas |
| Indraprastha Gas Limited |
| Industrial Products |
| SKF India Limited |
| Insurance |
| Max Financial Services Limited |
| Leisure Services |
| Westlife Foodworld Limited |
| Realty |
| Prestige Estates Projects Limited |
| Transport Services |
| Delhivery Limited |
| Positions Decreased |
| Stock |
| Auto Components |
| Balkrishna Industries Limited |
| Automobiles |
| TVS Motor Company Limited |
| Capital Markets |
| UTI Asset Management Company Limited |
| Consumer Durables |
| TTK Prestige Limited |
| Finance |
| Power Finance Corporation Limited |
| Gas |
| Gujarat State Petronet Limited |
| IT - Software |
| LTIMindtree Limited |
| MphasiS Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Pharmaceuticals & Biotechnology |
| IPCA Laboratories Limited |
| Period | Total Amount Invested | Mkt Value as on 28-February-2023 |
SI |
430,000 |
611,577 |
1 Yr |
360,000 |
476,484 |
3 Yrs |
120,000 |
118,646 |
Returns (%) |
Period |
||
SI |
1yr |
3yrs |
|
Fund Return& (%) |
20.09 |
19.15 |
-2.10 |
Benchmark Return& (%) |
21.01 |
20.48 |
2.41 |
Add. Benchmark Return& (%) |
14.71 |
14.85 |
3.93 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
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.
| Record Date | IDCW (₹) | Face Value ( ₹) | Cum Nav ( ₹) |
28-Mar-22 |
1.65 per Unit |
10 |
20.115 |
14-Feb-23 |
1.70 per Unit |
10 |
19.170 |
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 Plan - IDCW Option