Mirae Asset Midcap Fund
Mirae Asset Mutual Fund · Mid Cap · Direct plan, growth option
NAV (₹), 1 Oct 2026
41.3870
1-day change
-1.18%
1Y return
4.7%
3Y CAGR
13.8%
5Y CAGR
14.3%
Max drawdown, 5Y
−22.5%
NAV history month-end NAV, ₹ · 30 Jul 2019 to 1 Oct 2026
Returns vs Mid Cap median (33 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -7.3% | -6.3% |
| 3 months | -3.4% | -3.3% |
| 6 months | 13.1% | 11.6% |
| Year to date | -0.2% | 1.6% |
| 1 year | 4.7% | 4.6% |
| 3 years (CAGR) | 13.8% | 15.3% |
| 5 years (CAGR) | 14.3% | 14.3% |
| 7 years (CAGR) | 21.8% | 21.0% |
| 10 years (CAGR) | n/a | 15.8% |
| Since first NAV (CAGR) | 22.0% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 18.7% | 15.5% |
| 3Y rolling median | 23.7% | 21.4% |
| 3Y rolling worst | 13.3% | -3.9% |
| 3Y periods positive | 100% | 99% |
| 3Y periods ahead of benchmark | 33% | 34% |
| 5Y rolling median | 26.7% | 18.6% |
| 5Y rolling worst | 14.3% | 0.8% |
| 5Y periods ahead of benchmark | 16% | 23% |
Benchmark: Nifty Midcap 150 (proxy: Motilal Oswal Nifty Midcap 150 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 18.5% | 18.1% |
| Sharpe ratio | 0.48 | 0.57 |
| Sortino ratio | 0.71 | 0.88 |
| Beta | 0.99 | 0.95 |
| Alpha (ann.) | 0.9% | 2.6% |
| Upside capture | 102.86 | 99.19 |
| Downside capture | 99.83 | 92.19 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −37.4% | −32.8% |
| Maximum drawdown, last 10Y | n/a | −36.2% |
| Maximum drawdown, last 5Y | −22.5% | −21.2% |
| Current drawdown | −8.3% | −7.5% |
| Recovery time of worst fall | 213 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:
21,643.85 −1.02%
NSE close, 1 Oct 2026
- P/E 28.1: higher than 39% of days since 2021 (median 30.3)
- 1Y +2.5% · 3Y +13.0% p.a. · 5Y +14.3% p.a. (index fund NAV, after costs)
- −8.1% 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 2.01% a year and the Direct plan's 0.95%, a gap of 1.06%; over the last 3 years the Direct plan returned 1.23 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 ₹24,34,430.
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 0.97% to 0.95% (AMFI TER disclosure)
- 29 Sep 2026: TER increased from 0.96% to 0.97% (AMFI TER disclosure)
- 25 Sep 2026: TER increased from 0.95% to 0.96% (AMFI TER disclosure)
- 24 Sep 2026: TER increased from 0.94% to 0.95% (AMFI TER disclosure)
- 17 Sep 2026: TER reduced from 0.95% to 0.94% (AMFI TER disclosure)
- 16 Sep 2026: TER reduced from 0.96% to 0.95% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 0.94% to 0.96% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Ankit Jain | Primary | 29 Jul 2019 |
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/Entities. 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 achieved.
Stated asset allocation: Equities and equity related securities* of midcap companies/Entities: 65% to 100% Equities and equity related securities other than above /Money market instruments and other liquid instruments^/ Units issued by InVITs/Units of Domestic Mutual Fund: 0% to35% ^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 Midcap 150 (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: 29 Jul 2019
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 | 0.95% | 0.94% |
| AUM, whole scheme (₹ crore) | 19,539 | 7,540 |
| 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) | 6.9% | 4.6% TRI |
| Return, 3 years (AMFI) | 14.2% | 13.7% TRI |
| Return, 5 years (AMFI) | 14.5% | 14.8% TRI |
| Month-ends above category median (3Y CAGR) | 41% | 44% median |
| Month-ends in category top quartile (3Y) | 20% | 27% median |
Official benchmark: Nifty Midcap 150 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Mid Cap Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty Midcap 150 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -0.2% | -2.5% | +2.3% |
| 2025 | 10.0% | 5.8% | +4.2% |
| 2024 | 20.9% | 24.2% | −3.3% |
| 2023 | 36.0% | 44.3% | −8.3% |
| 2022 | 6.2% | 3.6% | +2.6% |
| 2021 | 50.6% | 46.9% | +3.7% |
| 2020 | 26.3% | 26.1% | +0.2% |
Benchmark proxy: Motilal Oswal Nifty Midcap 150 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 | ₹1,21,059 | 1.6% |
| 3 years | ₹3,60,000 | ₹4,08,292 | 8.3% |
| 5 years | ₹6,00,000 | ₹8,53,278 | 14.1% |
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: Mid Cap
Plan / option: Direct · Growth
AMFI scheme code: 147445
ISIN: INF769K01FA9
First NAV in MFIC data: 30 Jul 2019
History: 7.2 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 |
|---|---|---|---|
| Mirae Asset Multicap Fund | Multi Cap | 0.99 | 12.3% |
| PGIM India Multi Cap Fund | Multi Cap | 0.98 | n/a |
| Mirae Asset Large & Midcap Fund | Large & Mid Cap | 0.98 | 10.3% |
| TATA MULTICAP FUND | Multi Cap | 0.98 | 9.0% |
| HDFC Multi Cap Fund | Multi Cap | 0.97 | 10.2% |
| HDFC Large & Mid Cap Fund | Large & Mid Cap | 0.97 | 11.2% |
Questions about Mirae Asset Midcap Fund
- What is the latest NAV of Mirae Asset Midcap Fund?
- The NAV of the Direct plan (growth option) was ₹41.3870 on 1 Oct 2026, as published by AMFI.
- Which category is Mirae Asset Midcap Fund in?
- It is classified as Mid Cap in AMFI's daily NAV file; a Mid Cap scheme invests at least 65% in mid-cap stocks. MFIC compares it with 33 Mid Cap schemes (Direct plans).
- What returns has Mirae Asset Midcap Fund delivered?
- Over one year the NAV changed by 4.7%. The 3-year CAGR is 13.8% (category median 15.3%) and the 5-year CAGR is 14.3% (category median 14.3%). 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 23.7%, the lowest was 13.3%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty Midcap 150 (index-fund proxy) in 33% of those periods.
- What was the largest fall in Mirae Asset Midcap Fund's NAV?
- The largest peak-to-trough fall in its available history was 37.4%; within the last five years it was 22.5% (category median 21.2%).
- How volatile is Mirae Asset Midcap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 18.5%, which is above the Mid Cap category median of 18.1%.
- What would a monthly SIP in Mirae Asset Midcap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹8,53,278 on 1 Oct 2026, an annualised return (XIRR) of 14.1%. 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 Midcap Fund?
- The total expense ratio of the Direct plan is 0.95% a year, as disclosed to AMFI (median of Mid Cap Direct plans: 0.94%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Mirae Asset Midcap Fund?
- Assets under management of the whole scheme were ₹19,539 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Mirae Asset Midcap 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 Midcap Fund and how has it compared?
- Its official benchmark is the Nifty Midcap 150 TRI. Over 3 years AMFI reports a return of 14.2% for this plan against 13.7% for the benchmark total return index; over 5 years 14.5% against 14.8%. Past performance does not indicate future results.
- How often has Mirae Asset Midcap Fund beaten its category?
- At 41% of the 51 month-ends compared over the last 10 years, its 3-year return was above the median of Mid Cap schemes (Direct plans); it was in the top quarter at 20% of them. A typical scheme would show about 50%.
- Who manages Mirae Asset Midcap Fund?
- According to its Scheme Summary Document, Mirae Asset Midcap Fund is managed by Ankit Jain (since 29 Jul 2019).
- What is the exit load of Mirae Asset Midcap 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 Midcap 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 4.7% and the Regular plan's by 3.6%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
Follow Mirae Asset Midcap Fund by email
Every Monday: this scheme's NAV, 1-month and 1-year return beside its category median, 3-year CAGR and how far it is below its peak. Add more schemes from their pages or from your MFIC watchlist. Free; unsubscribe from any email.
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.