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 July 31, 2023 | 10,901.55 |
| Net AUM (₹ Cr.) |
11,359.71 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on July 31, 2023 |
Regular Plan: 1.72% Direct Plan: 0.62% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 26.516 | ₹ 25.046 |
| IDCW | ₹ 22.333 | ₹ 20.961 |
| New Position Bought |
| Stock |
| Auto Components |
| Motherson Sumi Wiring India Limited |
| Banks |
| Utkarsh Small Finance Bank Ltd |
| Positions Increased |
| Stock |
| Banks |
| Indian Bank |
| The Federal Bank Limited |
| Capital Markets |
| HDFC Asset Management Company Limited |
| Chemicals & Petrochemicals |
| Atul Limited |
| Sudarshan Chemical Industries Limited |
| Consumer Durables |
| Bata India Limited |
| Crompton Greaves Consumer Electricals Limited |
| Dixon Technologies (India) Limited |
| Finance |
| LIC Housing Finance Limited |
| Gas |
| Indraprastha Gas Limited |
| Healthcare Services |
| Fortis Healthcare Limited |
| Insurance |
| Star Health And Allied Insurance Company Limited |
| IT - Software |
| Coforge Limited |
| LTIMindtree Limited |
| Pharmaceuticals & Biotechnology |
| IPCA Laboratories Limited |
| Lupin Limited |
| Realty |
| Prestige Estates Projects Limited |
| Retailing |
| FSN E-Commerce Ventures Limited |
| Textiles & Apparels |
| Page Industries Limited |
| Transport Services |
| Container Corporation of India Limited |
| Positions Decreased |
| Stock |
| Aerospace & Defense |
| Bharat Electronics Limited |
| Agricultural, Commercial & Construction Vehicles |
| Ashok Leyland Limited |
| Auto Components |
| Craftsman Automation Limited |
| Automobiles |
| TVS Motor Company Limited |
| Banks |
| Axis Bank Limited |
| State Bank of India |
| Capital Markets |
| UTI Asset Management Company Limited |
| Cement & Cement Products |
| Nuvoco Vistas Corporation Limited |
| Consumer Durables |
| Kajaria Ceramics Limited |
| Electrical Equipment |
| Thermax Limited |
| Ferrous Metals |
| Jindal Steel & Power Limited |
| Finance |
| Power Finance Corporation Limited |
| Shriram Finance Limited |
| Financial Technology (Fintech) |
| PB Fintech Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Industrial Products |
| Bharat Forge Limited |
| SKF India Limited |
| Leisure Services |
| Westlife Foodworld Limited |
| Personal Products |
| Emami Limited |
| Pharmaceuticals & Biotechnology |
| Ajanta Pharma Limited |
| Biocon Limited |
| Power |
| NTPC Limited |
| Telecom - Services |
| Tata Communications Limited |
| Portfolio Holdings | % Allocation |
| Banks | |
| The Federal Bank Limited | 3.54% |
| Axis Bank Limited | 2.28% |
| State Bank of India | 2.16% |
| Indian Bank | 1.46% |
| Utkarsh Small Finance Bank Ltd | 0.52% |
| Consumer Durables | |
| Bata India Limited | 2.38% |
| Crompton Greaves Consumer Electricals Limited | 2.24% |
| Kajaria Ceramics Limited | 1.90% |
| Century Plyboards (India) Limited | 1.10% |
| Dixon Technologies (India) Limited | 0.88% |
| Voltas Limited | 0.81% |
| Pharmaceuticals & Biotechnology | |
| Lupin Limited | 2.55% |
| Natco Pharma Limited | 1.41% |
| Biocon Limited | 1.15% |
| IPCA Laboratories Limited | 1.15% |
| Laurus Labs Limited | 1.08% |
| Ajanta Pharma Limited | 0.71% |
| Industrial Products | |
| Bharat Forge Limited | 3.27% |
| SKF India Limited | 2.57% |
| Prince Pipes And Fittings Limited | 1.25% |
| Finance | |
| Shriram Finance Limited | 2.77% |
| Power Finance Corporation Limited | 2.51% |
| LIC Housing Finance Limited | 1.03% |
| IT - Software | |
| LTIMindtree Limited | 2.03% |
| Coforge Limited | 1.99% |
| MphasiS Limited | 0.71% |
| Auto Components | |
| CEAT Limited | 1.64% |
| Craftsman Automation Limited | 0.98% |
| Sona BLW Precision Forgings Limited | 0.92% |
| Motherson Sumi Wiring India Limited | 0.72% |
| Transport Services | |
| Delhivery Limited | 2.15% |
| Container Corporation of India Limited | 1.45% |
| Gas | |
| Gujarat State Petronet Limited | 1.73% |
| Indraprastha Gas Limited | 1.73% |
| Healthcare Services | |
| Fortis Healthcare Limited | 1.99% |
| Krishna Institute Of Medical Sciences Limited | 0.97% |
| Insurance | |
| Max Financial Services Limited | 2.18% |
| Star Health And Allied Insurance Company Limited | 0.76% |
| Chemicals & Petrochemicals | |
| Atul Limited | 1.41% |
| Sudarshan Chemical Industries Limited | 0.75% |
| Chemplast Sanmar Limited | 0.71% |
| Cement & Cement Products | |
| JK Cement Limited | 1.76% |
| Nuvoco Vistas Corporation Limited | 1.01% |
| Telecom - Services | |
| Tata Communications Limited | 2.60% |
| Power | |
| NTPC Limited | 2.40% |
| Electrical Equipment | |
| Thermax Limited | 2.24% |
| Leisure Services | |
| Westlife Foodworld Limited | 1.00% |
| The Indian Hotels Company Limited | 0.98% |
| Retailing | |
| FSN E-Commerce Ventures Limited | 1.21% |
| Trent Limited | 0.76% |
| Industrial Manufacturing | |
| Honeywell Automation India Limited | 1.68% |
| Tega Industries Limited | 0.29% |
| Fertilizers & Agrochemicals | |
| Bayer Cropscience Limited | 1.83% |
| Capital Markets | |
| HDFC Asset Management Company Limited | 1.11% |
| UTI Asset Management Company Limited | 0.69% |
| Automobiles | |
| TVS Motor Company Limited | 1.54% |
| Ferrous Metals | |
| Jindal Steel & Power Limited | 1.50% |
| Financial Technology (Fintech) | |
| PB Fintech Limited | 1.50% |
| Personal Products | |
| Emami Limited | 1.48% |
| Realty | |
| Prestige Estates Projects Limited | 1.31% |
| Aerospace & Defense | |
| Bharat Electronics Limited | 1.10% |
| Textiles & Apparels | |
| Page Industries Limited | 1.01% |
| Minerals & Mining | |
| NMDC Limited | 0.87% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Limited | 0.81% |
| Paper, Forest & Jute Products | |
| JK Paper Limited | 0.24% |
| Equity Holding Total | 96.45% |
| Cash & Other Receivables | 3.55% |
| Total | 100.00% |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAMCF | 19.12% | 33.69% | 25.74% | |
| Scheme Benchmark* | 26.98% | 35.20% | 25.95% | |
| Additional Benchmark** | 16.93% | 22.38% | 16.59% | |
| NAV as on 31st July, 2023 | ₹ 25.046 | |||
| Index Value (31st July, 2023) | Index Value of Scheme benchmark is 17,739.41 and S&P BSE Sensex (TRI) is 1,01,480.37 |
|||
| 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-July-2023 |
SI |
4,80,000 | 8,02,861 |
3 Yrs |
3,60,000 | 5,03,741 |
1 Yr |
1,20,000 | 1,39,477 |
Returns (%) |
Period |
||
SI |
3yrs |
1yr |
|
Fund Return& (%) |
26.44 | 23.13 | 31.58 |
Benchmark Return& (%) |
28.24 | 25.74 | 37.08 |
Add. Benchmark Return& (%) |
18.30 | 16.50 | 21.01 |
& 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 |
19.170 |
| Direct Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
14-Feb-23 |
1.70 |
10.00 |
20.220 |
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 | 15.44% |
| Beta: | 0.84 |
| R Squared | 0.86 |
| Sharpe Ratio#: | 1.72 |
| Information Ratio | -0.25 |
| Portfolio Turnover Ratio | 0.36 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 July, 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.