Mirae Asset Investment Managers (India) Pv

Mirae Asset Midcap Fund- Direct Growth Option

As on 22 May 2025

Mirae Asset Midcap Fund- Direct Growth Option

Q: What kind of returns does Mirae Asset Midcap Fund- Direct Growth Option provide?

Mirae Asset Midcap Fund- Direct Growth Option aims to generate capital appreciation by investing mainly in public sector undertakings (PSUs). Historically, its returns have often shown moderate to high growth rate depending on market conditions. Mirae Asset Midcap Fund- Direct Growth Option had a return of 4.88% over the past 1 year.

Q: How much expense ratio is charged by Mirae Asset Midcap Fund- Direct Growth Option?

The expense ratio for Mirae Asset Midcap Fund- Direct Growth Option, or any other mutual fund, is the yearly fee you pay for managing your investments. As of 22 May 2025, the expense ratio charged by Mirae Asset Midcap Fund- Direct Growth Option is typically around 2.34 %. This fee covers fund management, administrative, and other operational costs. It is relatively low compared to actively managed funds, reflecting its direct growth option.

Q: What is the AUM of Mirae Asset Midcap Fund- Direct Growth Option?

As of 22 May 2025, the Assets Under Management (AUM) of Mirae Asset Midcap Fund- Direct Growth Option is approximately ₹15414.9886 crore. The AUM can fluctuate based on market conditions and investor activity. It indicates the total value of assets managed by the fund.

Q: What is the NAV of Mirae Asset Midcap Fund- Direct Growth Option?

The Net Asset Value (NAV) of Mirae Asset Midcap Fund- Direct Growth Option is updated daily and reflects the per-unit value of the fund's assets. As of 22 May 2025 , the NAV is around undefined per unit, but this value might change based on market performance and fund holdings.

Q: What is the PE and PB ratio of Mirae Asset Midcap Fund- Direct Growth Option?

The PE ratio for Mirae Asset Midcap Fund- Direct Growth Option is 41.13 and the PB ratio is 6.68. The PE ratio is calculated by dividing the market price by the earnings per share, whereas the PB ratio is calculated by dividing the stock price by the book value per share.

Q: What is the exit load of Mirae Asset Midcap Fund- Direct Growth Option?

The exit load for Mirae Asset Midcap Fund- Direct Growth Option is 0% if units are redeemed within 30 days from the date of investment. After this period, no exit load is applicable. This fee is charged to discourage short-term trading and ensure long-term investment.

Equity

NAV

₹ 36.63

CAGR (3 Years)

22.44%

AUM (Cr)

₹ 15,414.99

Risk

Very High Risk

About Mirae Asset Midcap Fund- Direct Growth Option

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 securi

Breakdown of this Fund

Aerospace & Defence

0.73%

Agro Chemicals

3.33%

Auto Ancillaries

2.63%

Automobile

2.42%

Banks

18.89%

Bearings

5.90%

Capital Goods - Electrical Equipment

7.21%

Capital Goods-Non Electrical Equipment

2.59%

Castings, Forgings & Fastners

4.39%

Cement

4.38%

Ceramic Products

0.75%

Chemicals

5.15%

Consumer Durables

8.39%

Debt Others

2.59%

E-Commerce/App based Aggregator

10.50%

Edible Oil

3.12%

Finance

14.75%

Financial Services

3.21%

FMCG

2.18%

Gas Distribution

3.80%

Healthcare

8.22%

Infrastructure Developers & Operators

0.21%

Insurance

4.60%

IT - Software

13.99%

Leather

3.67%

Logistics

6.26%

Mining & Mineral products

4.09%

Miscellaneous

0.97%

Non Ferrous Metals

0.78%

Pharmaceuticals

15.82%

Plastic products

2.21%

Plywood Boards/Laminates

1.65%

Power Generation & Distribution

3.64%

Realty

6.83%

Refineries

3.83%

Retail

0.78%

Steel

1.75%

Telecomm Equipment & Infra Services

2.63%

Telecomm-Service

4.87%

Trading

0.71%

Tyres

5.59%

Market Capitalization

Expense Ratio, Exit Load and Tax

Expense Ratio

2.34

Exit Load

For redemption / switch out within 90 days from the date of allotment: 0.5% If u...

Stamp Duty

0.005% (from July 1st, 2020)

Tax Implication

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.