Mirae Asset Midcap Fund - Regular Plan - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Delivered positive returns in 100% of 3-year investment horizons.
- 5-Year CAGR of 12.47% demonstrates steady long-term compounding.
- Experienced a maximum drawdown of -37.5% during severe market crashes.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +4.12% | +4.07% | +0.05% |
| 3 Months | -4.06% | -1.98% | -2.08% |
| 6 Months | +3.11% | +3.41% | -0.30% |
| 1 Year | +2.53% | +3.63% | -1.10% |
| 3 Years CAGR | +14.21% | +15.02% | -0.81% |
| 5 Years CAGR | +12.47% | +12.65% | -0.18% |
| 7 Years CAGR | +19.95% | +19.98% | -0.03% |
| Since Inception | +20.70% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in Mirae Asset Midcap Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +2.39% | +5.43% | -3.04% |
| 2025 | +8.83% | +1.71% | +7.12% |
| 2024 | +19.54% | +29.27% | -9.73% |
| 2023 | +34.51% | +37.88% | -3.37% |
| 2022 | +4.90% | +2.02% | +2.88% |
| 2021 | +48.43% | +48.43% | 0.00% |
| 2020 | +24.28% | +24.33% | -0.05% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -5.73% | +25.61% | +16.34% | +116.14% | 92.9% | 47.3% |
| 3-Year Rolling | +11.63% | +23.00% | +22.02% | +39.96% | 100.0% | 10.8% |
| 5-Year Rolling | +11.37% | +22.91% | +24.44% | +33.60% | 100.0% | 0.0% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2020-02-20 | 2020-03-23 | -37.5% | 1 months | 7 months |
| 2024-10-01 | 2025-02-28 | -22.9% | 5 months | 8 months |
| 2021-11-09 | 2022-06-20 | -18.4% | 7 months | 3 months |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| 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 | Per Scheme Mandate |
Investment Objective & Strategy
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.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 20,093 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Mid Cap schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Mid Cap Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Mahindra Manulife Mid Cap Fund | 5.0 | +14.83% | 2.05% | 94.5% | Rs 5,256 cr | Compare → |
| LIC MF Mid Cap Fund | 2.9 | +13.62% | 3.07% | 105.1% | Rs 381 cr | Compare → |
| Union Midcap Fund | 4.6 | +15.14% | 2.35% | 91.4% | Rs 1,996 cr | Compare → |
| Tata Mid Cap Fund | 4.1 | +13.17% | 1.99% | 86.1% | Rs 6,151 cr | Compare → |
| BARODA BNP PARIBAS Mid Cap Fund | 5.1 | +14.56% | 2.20% | 78.2% | Rs 2,617 cr | Compare → |
Frequently Asked Questions about Mirae Asset Midcap Fund
What is the expense ratio of Mirae Asset Midcap Fund?
Mirae Asset Midcap Fund has a total expense ratio (TER) of 2.01% with a base expense ratio of 1.41%, compared to the Mid Cap category median of 2.11%.
Who manages Mirae Asset Midcap Fund?
Mirae Asset Midcap Fund is managed by Ankit Jain (tenure: 7.3 years since 2019-07-29).
What are the historical returns of Mirae Asset Midcap Fund?
Mirae Asset Midcap Fund delivered a 3-year CAGR of 14.21% and a 5-year CAGR of 12.47%. Its 1-year return stands at +2.53%.
How large is Mirae Asset Midcap Fund?
Mirae Asset Midcap Fund manages assets of Rs 20,093 cr, placing it in the 'comfortable' size band relative to Mid Cap peers.
How is Mirae Asset Midcap Fund scored on MFIQ?
Mirae Asset Midcap Fund holds an MFIQ Score of 4.0/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Mirae Asset Midcap Fund?
Mirae Asset Midcap Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 16.21% with a maximum historical drawdown of -37.48%.