Can I invest in SIP and Lumpsum in Mirae Asset Midcap Fund (IDCW) Direct Growth?

Yes, you can invest both lumpsum and SIP in Mirae Asset Midcap Fund (IDCW). Minimum lumpsum investment Mirae Asset Midcap Fund (IDCW) is ₹5,000 and minimum SIP amount is ₹99 . Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

What is the NAV of Mirae Asset Midcap Fund (IDCW) Direct Growth?

The latest NAV (Net Asset Value) of Mirae Asset Midcap Fund (IDCW) is Mirae Asset Midcap Fund (IDCW) is ₹27.02 as on 2025-01-01.

Which are the biggest stock holdings of Mirae Asset Midcap Fund (IDCW)?

The 5 biggest stock holdings of Mirae Asset Midcap Fund (IDCW) are: Indian Bank (2.93%), Federal Bank (2.69%), Mphasis (2.52%), Lupin (2.39%), Delhivery (2.35%)

What are the top sectors Mirae Asset Midcap Fund (IDCW) invests in?

A majority of Mirae Asset Midcap Fund (IDCW) 's AUM worth ₹16,695.39 (Cr) is invested in these 3 top sectors: Pharmaceuticals & Biotech : 10.54% Consumer Durables : 8.26% Banks : 8.18%

Mutual Funds
Mirae Asset Midcap Fund (IDCW)

Mirae Asset Midcap Fund (IDCW)

Mid Cap Fund

Invest Now

NAV
27.02(0.20%)
Fund Size (CR)
₹16,695.39
Expense Ratio
1.67
Scheme Type
Active Fund
Value Research

Min. investment
₹5,000
Minimum Additional Investment
₹1,000
Minimum SIP Investment
₹99
Minimum Withdrawal
₹0
Exit Load
1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment
1%
Return Since Launch
25.93%

Absolute Return: -6.74%

Annualized Return: 0%

Basic Details

Scheme Manager

Ankit Jain

Bench Mark

Nifty Midcap 150 TRI

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	23 December 2024	10017.48	0.17%	-	0.48%	72/119
1 Month	29 November 2024	9957.44	-0.43%	-	1.05%	92/119
3 Month	30 September 2024	9323.39	-6.77%	-	-3.87%	100/119
6 Month	28 June 2024	10056.79	0.57%	-	4.09%	94/119
1 Year	29 December 2023	11925.08	19.25%	19.25%	29.60%	111/119
3 Year	30 December 2021	16987.07	69.87%	19.32%	22.35%	73/103
5 Year	30 December 2019	31000.35	210.00%	25.39%	26.85%	60/95
Since Inception	29 July 2019	34956.00	249.56%	25.93%	22.06%	27/119

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	1 January 2024	1,30,000	173779.15	33.68%	33.68%
3 Year	3 January 2022	3,70,000	603578.89	63.13%	17.72%
5 Year	1 January 2020	6,10,000	1242816.52	103.74%	15.30%
10 Year	-	-	-	-	-

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

Investment type
Scheme based

SIP
Lumpsum

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

Start your SIP now

Invested Amount
₹25,000
Estimated Returns
₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

4.28%

Standard Deviation

0.92%

Beta

0.84%

Sharpe Ratio

0.10%

Treynor's Ratio

-2.34%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
Indian Bank	2.93%	8511494	488.82	Equity	Banks
Federal Bank	2.69%	21307137	449.11	Equity	Banks
Mphasis	2.52%	1416375	421.31	Equity	IT - Software
Lupin	2.39%	1949703	399.84	Equity	Pharmaceuticals
Delhivery	2.35%	11701760	393.12	Equity	Logistics
Cummins India	2.34%	1120041	390.19	Equity	Capital Goods-Non Electrical Equipment
Oracle Fin.Serv.	2.22%	316553	370.25	Equity	IT - Software
Gland Pharma	2.20%	2113841	367.39	Equity	Pharmaceuticals
One 97	2.19%	4062984	366.38	Equity	E-Commerce/App based Aggregator
Indus Towers	2.13%	10161109	354.98	Equity	Telecomm Equipment & Infra Services

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Motilal Oswal Midcap Fund-Dir (G)	22897.62	4.12%	5.15%	18.68%	59.19%	37.01%
Motilal Oswal Midcap Fund-Dir (IDCW)	22897.62	4.12%	5.15%	18.68%	59.19%	37.01%
Invesco India Midcap Fund - Direct (G)	5862.67	3.37%	0.42%	12.38%	45.03%	26.69%
Invesco India Midcap Fund - Direct (IDCW)	5862.67	3.37%	0.42%	12.37%	45.02%	26.67%
HSBC Midcap Fund - Direct (IDCW)	11912.38	4.06%	0.93%	10.09%	40.83%	27.22%

News

Mirae Asset Mutual Fund announces change in Key Personnel
Mirae Asset Mutual Fund has announced that Ms. Rimmi Jain has been appointed as a Head ' Compliance on the Board of Mirae Asset Company Ltd. With effect from 01 January 2025
Details of Ms. Rimmi Jain,
Age: 37 years
Designation: Head ' Compliance,
Qualification: Bachelor of Commerce, ACS and LLB
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Mirae Asset Small Cap Fund announces Extension of NFO period

Mirae Asset Fund has announced that New Fund Offer (NFO) Period of the Scheme has been modified as follows:

Change in New Fund Offer period of 'Mirae Asset Small Cap Fund'

	Existing Dates	Revised Dates
NFO Start Date	Thursday, January 09, 2025	Friday, January 10, 2025
NFO Closure Date	Thursday, January 23, 2025	Friday, January 24, 2025
Scheme re-opens for continuous Sale and Repurchase on:	Friday, January 31, 2025	Monday, February 03, 2025

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Mirae Asset Mutual Fund announces change in Exit Load Structure

Mirae Asset Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 30 October 2024

Change in Exit Load:

Name of the Scheme	Existing Load Structure	Revised Load Structure
' Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund of Fund ' Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF Fund of Fund ' Mirae Asset Nifty India Manufacturing ETF Fund of Fund ' Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund	' if redeemed within 3 months from the date of allotment: 0.05%, ' if redeemed after 3 months from date of allotment: Nil	' if redeemed or switched out within 15 days from the date of allotment: 0.05%, ' if redeemed or switched out after 15 days from date of allotment: Nil
' Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund	' if redeemed or switched out within 5 calendar days from the date of allotment: 0.05%, ' if redeemed or switched out after 5 days from date of allotment: Nil	' if redeemed or switched out within 15 days from the date of allotment: 0.05%, ' if redeemed or switched out after 15 days from date of allotment: Nil

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Fund House Details & Investment Objective

Date of Incorporation

8 July 2019

Total AUM (Cr)

₹16695.39

Mirae Asset Midcap Fund (IDCW) is an Mid Cap Fund-oriented fund from the renowned AMC, Mirae Asset Mutual Fund. Launched in 8 July 2019, this fund is managed by Ankit Jain. With assets under management (AUM) worth ₹16,695.39 (Cr), as of 1 January 2025, Mirae Asset Midcap Fund (IDCW) is categorized as a Mid Cap Fund within its segment. The fund has generated a return of 25.93% since its launch.
The current NAV of Mirae Asset Midcap Fund (IDCW) is ₹27.02, as on 1 January 2025. The fund's benchmark index is Nifty Midcap 150 TRI. You can invest in Mirae Asset Midcap Fund (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹99 while the minimum lumpsum investment is ₹5,000.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
15% of the units allotted (including Switch-in/STP - in on or before completion of 365 days from the date of allotment of units: Nil. 1.00% - If redeemed within 1 year (365 days) from the date of allotment. Nil - If redeemed after 1 Year (365 days) from the date of allotment. The fund has generated 19.32% and 25.39% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 99.28% in Equity, 0.90% in Debt and -0.18% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 10.54% in Pharmaceuticals & Biotech, 8.26% in Consumer Durables, 8.18% in Banks, 8.07% in Auto Components, 6.83% in IT-Software

FAQs

How to Invest in Mirae Asset Midcap Fund (IDCW) Direct Growth?

Mirae Asset Midcap Fund (IDCW) is a popular fund in the Mid Cap Fund segment. The fund has generated a return of 25.93% since inception. Looking to invest in Mirae Asset Midcap Fund (IDCW) How about earning 1% extra return? All this is possible with m.Stock! Investing in Mirae Asset Midcap Fund (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:

Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
In the search bar, enter the fund name, in this case, Mirae Asset Midcap Fund (IDCW)
On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Mirae Asset Midcap Fund (IDCW) today and reap the benefits of this Mid Cap Fund fund!

How much returns has Mirae Asset Midcap Fund (IDCW) Direct Growth generated?

In the short term, i.e., 1 year, Mirae Asset Midcap Fund (IDCW) has generated annualised return of 19.25%. In the long-term, the fund has generated 19.32% and 25.39% in 3 and 5 years respectively. Since its inception, the fund has generated 25.93% returns.

What is the expense ratio of Mirae Asset Midcap Fund (IDCW) Direct Growth?

The expense ratio of Mirae Asset Midcap Fund (IDCW) Direct Growth is 1.67%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

What is the AUM of Mirae Asset Midcap Fund (IDCW) Fund Direct Growth?

The Assets Under Management (AUM) of Mirae Asset Midcap Fund (IDCW) is ₹16,695.39 (Cr) as of 2025-01-01 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from Mirae Asset Midcap Fund (IDCW) Direct Growth?

Redeeming or selling units of Mirae Asset Midcap Fund (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from Mirae Asset Midcap Fund (IDCW):

Login to your m.Stock account
In portfolio, your mutual fund investments will be visible under ‘MF’
Select the fund you wish to redeem from (in this case Mirae Asset Midcap Fund (IDCW)).
Click on ‘Redeem’ button
You have 2 options – redeem by units and redeem by value (you can only redeem free units)
Select units to be redeemed and click on submit.
Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).