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 January 31, 2023 | 8,950.84 |
| Net AUM (₹ Cr.) |
8,875.48 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on January 31, 2023 |
Regular Plan: 1.81% Direct Plan: 0.58% |
| **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. | |
| NAV: | Direct | Regular |
| Growth | ₹ 22.278 | ₹ 21.164 |
| IDCW^ | ₹ 20.485 | ₹ 19.433 |
| Volatility | 23.64% |
| Beta: | 0.86 |
| R Squared | 0.96 |
| Sharpe Ratio#: | 0.72 |
| Information Ratio | 0.40 |
| Portfolio Turnover Ratio | 0.32 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 January, 2023. ^Basis last rolling 12 months. |
|
| Record Date | IDCW (₹) | Face Value ( ₹) | Cum Nav ( ₹) |
28-Mar-22 |
1.65 per Unit |
10 |
20.115 |
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
| Portfolio Holdings | % Allocation |
| Banks | |
| The Federal Bank Ltd | 4.29% |
| Axis Bank Ltd | 3.51% |
| State Bank of India | 1.84% |
| Consumer Durables | |
| Kajaria Ceramics Ltd | 1.96% |
| Voltas Ltd | 1.86% |
| Crompton Greaves Consumer Electricals Ltd | 1.83% |
| Bata India Ltd | 1.82% |
| Century Plyboards (India) Ltd | 0.96% |
| TTK Prestige Ltd | 0.90% |
| Pharmaceuticals & Biotechnology | |
| Lupin Ltd | 2.03% |
| IPCA Laboratories Ltd | 1.78% |
| Laurus Labs Ltd | 1.29% |
| Natco Pharma Ltd | 1.24% |
| Ajanta Pharma Ltd | 1.21% |
| Biocon Ltd | 0.61% |
| Industrial Products | |
| Bharat Forge Ltd | 4.13% |
| SKF India Ltd | 1.92% |
| Prince Pipes And Fittings Ltd | 1.53% |
| Finance | |
| Shriram Finance Ltd | 3.37% |
| Power Finance Corporation Ltd | 2.75% |
| IT - Software | |
| LTIMindtree Ltd | 2.31% |
| Coforge Ltd | 2.17% |
| MphasiS Ltd | 0.76% |
| Auto Components | |
| CEAT Ltd | 1.34% |
| Craftsman Automation Ltd | 1.07% |
| Balkrishna Industries Ltd | 1.03% |
| Sona BLW Precision Forgings Ltd | 0.79% |
| Cement & Cement Products | |
| Nuvoco Vistas Corporation Ltd | 1.80% |
| JK Cement Ltd | 1.68% |
| Gas | |
| Gujarat State Petronet Ltd | 2.13% |
| Indraprastha Gas Ltd | 1.26% |
| Chemicals & Petrochemicals | |
| Atul Ltd | 1.79% |
| Chemplast Sanmar Ltd | 0.91% |
| Sudarshan Chemical Industries Ltd | 0.63% |
| Transport Services | |
| Container Corporation of India Ltd | 1.57% |
| Delhivery Ltd | 1.57% |
| Power | |
| NTPC Ltd | 3.12% |
| Automobiles | |
| TVS Motor Company Ltd | 3.10% |
| Healthcare Services | |
| Fortis Healthcare Ltd | 1.72% |
| Krishna Institute Of Medical Sciences Ltd | 1.25% |
| Ferrous Metals | |
| Jindal Steel & Power Ltd | 2.65% |
| Fertilizers & Agrochemicals | |
| Bayer Cropscience Ltd | 2.34% |
| Telecom - Services | |
| Tata Communications Ltd | 2.24% |
| Electrical Equipment | |
| Thermax Ltd | 2.19% |
| Personal Products | |
| Emami Ltd | 2.12% |
| Textiles & Apparels | |
| Page Industries Ltd | 2.11% |
| Industrial Manufacturing | |
| Honeywell Automation India Ltd | 1.96% |
| Insurance | |
| Max Financial Services Ltd | 1.90% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 1.74% |
| Capital Markets | |
| UTI Asset Management Company Ltd | 1.34% |
| KFin Technologies Ltd | 0.29% |
| Entertainment | |
| Zee Entertainment Enterprises Ltd | 1.20% |
| Petroleum Products | |
| Hindustan Petroleum Corporation Ltd | 0.88% |
| Leisure Services | |
| Westlife Foodworld Ltd | 0.86% |
| Realty | |
| Prestige Estates Projects Ltd | 0.78% |
| Non - Ferrous Metals | |
| National Aluminium Company Ltd | 0.33% |
| Equity Holding Total | 97.81% |
| Cash & Other Receivables | 2.19% |
| Total | 100.00% |
| Positions Increased |
| Stock |
| Aerospace & Defense |
| Bharat Electronics Limited |
| Chemicals & Petrochemicals |
| Atul Limited |
| Consumer Durables |
| Century Plyboards (India) Limited |
| Voltas Limited |
| Electrical Equipment |
| Thermax Limited |
| Entertainment |
| Zee Entertainment Enterprises Limited |
| Gas |
| Indraprastha Gas Limited |
| Healthcare Services |
| Fortis Healthcare Limited |
| IT - Software |
| Coforge Limited |
| LTIMindtree Limited |
| Telecom - Services |
| Tata Communications Limited |
| Textiles & Apparels |
| Page Industries Limited |
| Transport Services |
| Delhivery Limited |
| Positions Decreased |
| Stock |
| Consumer Durables |
| TTK Prestige Limited |
| Finance |
| Power Finance Corporation Limited |
| Gas |
| Gujarat State Petronet Limited |
| IT - Software |
| MphasiS Limited |
| Non - Ferrous Metals |
| National Aluminium Company Limited |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAMCF | 0.77% | 22.37% | 23.79% | |
| Scheme Benchmark* | 2.56% | 21.40% | 22.86% | |
| Additional Benchmark** | 3.98% | 14.83% | 15.15% | |
| NAV as on 31st January, 2023 | ₹ 21.164 | |||
| Index Value (31st January, 2023) | Index Value of Scheme benchmark is 14,495.89 and S&P BSE Sensex (TRI) is 90,044.47 |
|||
| 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.
| Period | Total Amount Invested | Mkt Value as on 31-January-2023 |
SI |
420,000 |
619,285 |
1 Yr |
360,000 |
498,894 |
3 Yrs |
120,000 |
122,032 |
Returns (%) |
Period |
||
SI |
1yr |
3yrs |
|
Fund Return& (%) |
22.73 |
22.36 |
3.14 |
Benchmark Return& (%) |
22.87 |
22.67 |
5.41 |
Add. Benchmark Return& (%) |
15.87 |
16.23 |
5.94 |
& 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.
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