MIRAE ASSET
MIDCAP FUND
(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: ₹500/- (multiples of ₹1/- thereafter), minimum 5 in case of Monthly / 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 29, 2024 | 14,473.73 |
| Net AUM (₹ Cr.) |
14,536.22 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on February 29, 2024 |
Regular Plan: 1.68% Direct Plan: 0.57% |
| **For experience of Fund Managers Click Here | |
| ##Pursuant to notice cum addendum no. 69/2023, Minimum Systematic Investment Plan (SIP) Installment amount for certain Schemes has been Changed with effect from January 01, 2024. | |
| NAV: | Direct | Regular |
| Growth | ₹ 32.528 | ₹ 30.529 |
| IDCW | ₹ 27.396 | ₹ 25.551 |
| New Position Bought |
| Stock |
Aerospace & Defense |
Data Patterns (India) Limited |
Cement & Cement Products |
Dalmia Bharat Limited |
Telecom - Services |
Indus Towers Limited |
| Positions Increased |
| Stock |
Auto Components |
Craftsman Automation Limited |
Schaeffler India Limited |
Banks |
Axis Bank Limited |
HDFC Bank Limited |
The Federal Bank Limited |
Commercial Services & Supplies |
TeamLease Services Limited |
Consumer Durables |
Campus Activewear Limited |
Healthcare Services |
Vijaya Diagnostic Centre Limited |
Pharmaceuticals & Biotechnology |
Aurobindo Pharma Limited |
Gland Pharma Limited |
Realty |
Prestige Estates Projects Limited |
Retailing |
Electronics Mart India Limited |
| Positions Decreased |
| Stock |
Electrical Equipment |
Thermax Limited |
Finance |
Power Finance Corporation Limited |
Financial Technology (Fintech) |
PB Fintech Limited |
Industrial Products |
SKF India Limited |
IT - Software |
Coforge Limited |
Minerals & Mining |
NMDC Limited |
Pharmaceuticals & Biotechnology |
Alkem Laboratories Limited |
Lupin Limited |
Power |
NHPC Limited |
Transport Services |
Container Corporation of India Limited |
| Portfolio Holdings | % Allocation |
Pharmaceuticals & Biotechnology |
|
Lupin Limited |
3.07% |
Gland Pharma Limited |
1.66% |
Aurobindo Pharma Ltd |
1.35% |
Natco Pharma Limited |
1.32% |
Laurus Labs Limited |
1.15% |
IPCA Laboratories Limited |
0.92% |
Ajanta Pharma Ltd |
0.78% |
Alkem Laboratories Limited |
0.50% |
Banks |
|
The Federal Bank Limited |
3.49% |
Indian Bank |
2.52% |
Axis Bank Ltd |
2.22% |
HDFC Bank Ltd |
1.24% |
Utkarsh Small Finance Bank Ltd |
0.75% |
Consumer Durables |
|
Crompton Greaves Consumer Electricals Limited |
2.02% |
Bata India Limited |
1.67% |
Dixon Technologies (India) Limited |
0.95% |
Voltas Ltd |
0.93% |
Century Plyboards (India) Limited |
0.93% |
Kajaria Ceramics Ltd |
0.89% |
Campus Activewear Limited |
0.54% |
Auto Components |
|
CEAT Limited |
1.72% |
Motherson Sumi Wiring India Limited |
1.64% |
Sona BLW Precision Forgings Limited |
1.05% |
Schaeffler India Limited |
0.86% |
Craftsman Automation Limited |
0.72% |
NRB Bearing Limited |
0.45% |
Industrial Products |
|
Bharat Forge Limited |
2.11% |
SKF India Limited |
1.38% |
Prince Pipes And Fittings Limited |
0.86% |
AIA Engineering Limited |
0.75% |
Transport Services |
|
Delhivery Limited |
2.59% |
Container Corporation of India Limited |
2.22% |
Finance |
|
LIC Housing Finance Limited |
2.32% |
Power Finance Corporation Ltd |
1.39% |
Shriram Finance Limited |
1.10% |
IT - Software |
|
Coforge Limited |
2.08% |
Oracle Financial Services Software Limited |
0.98% |
MphasiS Limited |
0.81% |
LTIMindtree Limited |
0.66% |
Cement & Cement Products |
|
JK Cement Limited |
1.90% |
ACC Limited |
1.77% |
Dalmia Bharat Limited |
0.70% |
Gas |
|
Gujarat State Petronet Limited |
2.24% |
Indraprastha Gas Limited |
1.21% |
Telecom - Services |
|
Tata Communications Limited |
2.50% |
Indus Towers Limited |
0.63% |
Financial Technology (Fintech) |
|
PB Fintech Limited |
2.36% |
One 97 Communications Limited |
0.69% |
Power |
|
NTPC Ltd |
2.29% |
NHPC Limited |
0.72% |
Chemicals & Petrochemicals |
|
Navin Fluorine International Limited |
0.76% |
Sudarshan Chemical Industries Limited |
0.72% |
Atul Limited |
0.71% |
Chemplast Sanmar Limited |
0.68% |
Healthcare Services |
|
Fortis Healthcare Limited |
2.06% |
Vijaya Diagnostic Centre Limited |
0.70% |
Insurance |
|
Max Financial Services Ltd |
2.02% |
Star Health And Allied Insurance Company Limited |
0.68% |
Capital Markets |
|
HDFC Asset Management Company Limited |
2.49% |
Realty |
|
Prestige Estates Projects Limited |
2.43% |
Retailing |
|
FSN E-Commerce Ventures Limited |
1.83% |
Electronics Mart India Limited |
0.49% |
Electrical Equipment |
|
Thermax Limited |
2.01% |
Fertilizers & Agrochemicals |
|
Bayer Cropscience Limited |
1.99% |
Minerals & Mining |
|
NMDC Limited |
1.84% |
Industrial Manufacturing |
|
Honeywell Automation India Limited |
0.87% |
Tega Industries Limited |
0.45% |
Textiles & Apparels |
|
Page Industries Ltd |
1.32% |
Commercial Services & Supplies |
|
TeamLease Services Limited |
0.91% |
Personal Products |
|
Emami Limited |
0.67% |
Aerospace & Defense |
|
Data Patterns (India) Limited |
0.28% |
Equity Holding Total |
97.48% |
Cash & Other Receivables |
2.52% |
Total |
100.00% |
| Returns (in%) | |||||
| 1 Year | 3 Years | Since inception | Value of 10000 invested Since Inception (in Rs.) | ||
| Mirae Asset Midcap Fund | 48.45% |
24.15% |
27.51% |
30,529 |
|
| Scheme Benchmark* | 57.28% |
27.50% |
28.75% |
31,914 |
|
| Additional Benchmark** | 24.58% |
15.26% |
16.64% |
20,275 |
|
| NAV as on 29th February, 2024 | ₹ 30.529 | ||||
| Index Value (29th February, 2024) | Index Value of Scheme benchmark is 22,451.13 and S&P BSE Sensex (TRI) is 1,11,227.59 |
||||
| 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.
Latest available NAV has been taken for return calculation wherever applicable
Past Performance may or may not be sustained in future.
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 29-February-2024 |
SI |
5,50,000 |
10,57,615 |
3 Yrs |
3,60,000 |
5,19,469 |
1 Yr |
1,20,000 |
1,49,722 |
Returns (%) |
Period |
||
SI |
3yrs |
1yr |
|
Fund Return& (%) |
29.21 |
25.37 |
49.12 |
Benchmark Return& (%) |
32.36 |
30.30 |
56.58 |
Add. Benchmark Return& (%) |
18.13 |
15.46 |
24.46 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 13.95% |
| Beta | 0.85 |
| R Squared | 0.85 |
| Sharpe Ratio# | 1.27 |
| Information Ratio | -0.63 |
| Portfolio Turnover Ratio | 0.54 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 29th February, 2024. ^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.