Mirae Asset Flexi Cap Fund
Mirae Asset Mutual Fund · Flexi Cap · Direct plan, growth option
NAV (₹), 1 Oct 2026
16.4180
1-day change
-0.64%
1Y return
1.0%
3Y CAGR
11.3%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 27 Feb 2023 to 1 Oct 2026
Returns vs Flexi Cap median (46 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -4.2% | -5.5% |
| 3 months | -2.7% | -2.7% |
| 6 months | 7.8% | 9.8% |
| Year to date | -4.6% | -2.7% |
| 1 year | 1.0% | 0.2% |
| 3 years (CAGR) | 11.3% | 11.0% |
| 5 years (CAGR) | n/a | 10.1% |
| 7 years (CAGR) | n/a | 14.6% |
| 10 years (CAGR) | n/a | 13.0% |
| Since first NAV (CAGR) | 14.8% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 10.9% | 11.7% |
| 3Y rolling median | 14.6% | 16.7% |
| 3Y rolling worst | 11.1% | 0.2% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 100% | 83% |
| 5Y rolling median | n/a | 15.8% |
| 5Y rolling worst | n/a | 1.9% |
| 5Y periods ahead of benchmark | n/a | 77% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 14.4% | 15.6% |
| Sharpe ratio | 0.42 | 0.35 |
| Sortino ratio | 0.61 | 0.52 |
| Beta | 0.91 | 0.96 |
| Alpha (ann.) | 2.9% | 2.3% |
| Upside capture | 99.37 | 101.88 |
| Downside capture | 87.05 | 95.74 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −16.1% | −29.9% |
| Maximum drawdown, last 10Y | n/a | −36.7% |
| Maximum drawdown, last 5Y | n/a | −20.0% |
| Current drawdown | −5.3% | −6.7% |
| Recovery time of worst fall | 81 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
21,857.75 −0.97%
NSE close, 1 Oct 2026
- P/E 21.6: higher than 1% of days since 2023 (median 24.2)
- 1Y −3.9% · 3Y +8.9% p.a. · 5Y +8.6% p.a. (index fund NAV, after costs)
- −9.3% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.10% a year and the Direct plan's 0.74%, a gap of 1.36%; over the last 3 years the Direct plan returned 1.60 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹31,49,305.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER reduced from 0.76% to 0.74% (AMFI TER disclosure)
- 29 Sep 2026: TER increased from 0.72% to 0.76% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Varun Goel | Primary | 3 Apr 2024 |
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 instruments across market capitalization. However, there is no assurance that the investment objective of the Scheme will be realized
Stated asset allocation: Equity and Equity related instruments including equity linked derivatives: 65% to 100% Money market instruments and other liquid instruments^/ Units issued by InVITs/Units of Domestic Mutual Fund@: 0% to 35% ^Other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, repo on Government securities and any other instruments as specified by the SEBI. @The scheme may invest in the units of Overnight Fund, Money Market Fund & Liquid Fund (including Liquid ETFs) of Domestic Mutual Fund.
Benchmark (tier 1): NIFTY 500 TRI
Exit load: I.For investors who have optedfor SWP under the plan: a)15% of the units allotted(including Switch-in/STP - in)on or before completion of 365days from the date of allotmentof units: Nil. b)Any redemption in excess ofsuch limits in the first 365 daysfrom the date of allotment shallbe subject to the following exitload: (Redemption of unitswould be done on First In FirstOut Basis (FIFO): -If redeemed within 1 year (365days) from the date of allotment:1% -If redeemed after 1 year (365days) from the date of allotment:NIL II.Other Redemptions: ForInvestors who have not opted forSWP under the plan (…
Minimum application: ₹5,000
Allotment date: 24 Feb 2023
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.74% | 0.91% |
| AUM, whole scheme (₹ crore) | 4,369 | 4,704 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 2.2% | -2.0% TRI |
| Return, 3 years (AMFI) | 11.5% | 9.5% TRI |
Official benchmark: Nifty 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Flexi Cap Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -4.6% | -7.8% | +3.2% |
| 2025 | 10.4% | 7.7% | +2.8% |
| 2024 | 19.1% | 15.6% | +3.4% |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,18,323 | -2.6% |
| 3 years | ₹3,60,000 | ₹3,90,611 | 5.4% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Flexi Cap
Plan / option: Direct · Growth
AMFI scheme code: 151412
ISIN: INF769K01JJ2
First NAV in MFIC data: 27 Feb 2023
History: 3.6 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Bandhan Business Cycle Fund | Sectoral/Thematic | 0.99 | n/a |
| Mirae Asset ELSS Tax Saver Fund | ELSS | 0.98 | 10.6% |
| Mirae Asset Large & Midcap Fund | Large & Mid Cap | 0.98 | 10.3% |
| HDFC Large & Mid Cap Fund | Large & Mid Cap | 0.98 | 11.2% |
| Mirae Asset Multicap Fund | Multi Cap | 0.98 | 12.3% |
| Bajaj Finserv Large & Mid Cap Fund | Large & Mid Cap | 0.98 | n/a |
Questions about Mirae Asset Flexi Cap Fund
- What is the latest NAV of Mirae Asset Flexi Cap Fund?
- The NAV of the Direct plan (growth option) was ₹16.4180 on 1 Oct 2026, as published by AMFI.
- Which category is Mirae Asset Flexi Cap Fund in?
- It is classified as Flexi Cap in AMFI's daily NAV file; a Flexi Cap scheme invests at least 65% in equities without fixed limits across company sizes. MFIC compares it with 46 Flexi Cap schemes (Direct plans).
- What returns has Mirae Asset Flexi Cap Fund delivered?
- Over one year the NAV changed by 1.0%. The 3-year CAGR is 11.3% (category median 11.0%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 14.6%, the lowest was 11.1%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 100% of those periods.
- What was the largest fall in Mirae Asset Flexi Cap Fund's NAV?
- The largest peak-to-trough fall in its available history was 16.1%.
- How volatile is Mirae Asset Flexi Cap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 14.4%, which is below the Flexi Cap category median of 15.6%.
- What would a monthly SIP in Mirae Asset Flexi Cap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹3,90,611 on 1 Oct 2026, an annualised return (XIRR) of 5.4%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Mirae Asset Flexi Cap Fund?
- The total expense ratio of the Direct plan is 0.74% a year, as disclosed to AMFI (median of Flexi Cap Direct plans: 0.91%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Mirae Asset Flexi Cap Fund?
- Assets under management of the whole scheme were ₹4,369 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Mirae Asset Flexi Cap Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Mirae Asset Flexi Cap Fund and how has it compared?
- Its official benchmark is the Nifty 500 TRI. Over 3 years AMFI reports a return of 11.5% for this plan against 9.5% for the benchmark total return index. Past performance does not indicate future results.
- Who manages Mirae Asset Flexi Cap Fund?
- According to its Scheme Summary Document, Mirae Asset Flexi Cap Fund is managed by Varun Goel (since 3 Apr 2024).
- What is the exit load of Mirae Asset Flexi Cap Fund?
- As stated in its scheme documents: I.For investors who have optedfor SWP under the plan: a)15% of the units allotted(including Switch-in/STP - in)on or before completion of 365days from the date of allotmentof units: Nil. b)Any redemption in excess ofsuch limits in the first 365 daysfrom the date of allotment shallbe subject to the following exitload: (Redemption of unitswould be done on First In FirstOut Basis (FIFO): -If redeemed within 1 year (365days) from the date of allotment:1% -If redeemed after 1 year (365days) from the date of allotment:NIL II.Other Redemptions: ForInvestors who have not opted forSWP under the plan (… Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Mirae Asset Flexi Cap Fund?
- The minimum application amount is ₹5,000. SIP details: 500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 1.0% and the Regular plan's by -0.5%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.