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Mid Cap · Equity

Mirae Asset Midcap Fund

Mirae Asset Investment Managers (India) Pvt. Ltd
Benchmark
Nifty Midcap 150 TRI
Riskometer
Very High
Size
₹19,475 cr
Allotted
29 Jul 2019
Holdings as of
30 Sep 2026

Mirae Asset Midcap Fund is a mid cap fund of Mirae Asset Investment Managers (India) Pvt. Ltd with ₹19,475 cr under management. It is ahead of its benchmark (Nifty Midcap 150 TRI) in 2 of 3 periods. Its direct plan charges 0.95% a year. Ankit Jain has managed it for 7.2 years.

Has Mirae Asset Midcap Fund beaten its benchmark?

Ahead of its benchmark, Nifty Midcap 150 TRI, in 2 of 3 periods in AMFI's figures; +3.15% over the last year against +1.00%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty Midcap 150 TRIAhead
1 month−5.70% −4.48% —
3 months−5.46% −5.57% —
6 months+4.87% +1.17% —
1 year+3.11% +1.66% +1.45 pts
3 years+13.97% +13.63% +0.34 pts
5 years+13.14% +13.29% −0.15 pts
10 years— +16.21% —
Since start
from 30 Jul 2019
+21.94%——
Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026
Ahead of its benchmark (Nifty Midcap 150 TRI) in 2 of 3 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +3.15%+2.04%+1.00% +2.15 🔒
3y +14.10%+12.87%+13.62% +0.48 🔒
5y +13.43%+12.15%+13.43% −0.00 🔒
10y ——— — —
Ahead in points a year · its rank among Mid Cap funds, and how steady the lead is, in the app

Value of 100, month-end

Jul 2019 to 14 Oct 2026
50100150200250300350400450500 202120232025
Fund 416Nifty Midcap 150 TRI 399

₹100 put in at the start of Jul 2019 would be ₹416 on 14 Oct 2026, against ₹399 in the Nifty Midcap 150 TRI.

Risk, falls and every year

🔒 Pro
Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.
See them in the app →

What does Mirae Asset Midcap Fund cost?

0.95% a year on the direct plan, 2.01% on the regular plan; 18 of 34 funds in its category charge less.

Direct plan
0.95% a year
Category median 0.94%
Regular plan
2.01% a year
Category median 2.01%
Gap
1.06 points
for the same holdings
18 of 34 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Equity Schemes - Mid Cap Fund

What the regular plan costs you over time

🔒 Pro
The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Mirae Asset Midcap Fund?

Ankit Jain, since 29 Jul 2019.

Ankit Jain
Primary
7.2 years
since 29 Jul 2019
Benchmark as filedNifty 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 (i
From 4 Scheme Summary Documents filed with NSE, first on 12 May 2026; as on 4 Oct 2026

What does Mirae Asset Midcap Fund hold?

67 holdings as of 30 Sep 2026; the ten largest are 31.6% of the fund, the largest Laurus Labs Ltd. at 4.3%.

Mix

Holdings as of 30 Sep 2026
Equity97.6%Debt0.0%Cash2.2%Other0.2%
Holdings
67
63 shares
Top ten
31.6%
of the fund
Effective holdings
46.5
spread, as if equal-weighted
Matched to our table
100%
of the equity

Five largest

% of fund
Laurus Labs Ltd.4.31%
Steel Authority of India Ltd.3.76%
HDB Financial Services Ltd.3.36%
Lupin Ltd.3.34%
Delhivery Ltd.3.01%

Five largest industries

% of fund
Pharmaceuticals & Biotechnology11.8%
Banks8.50%
Consumer Durables8.00%
Retailing6.60%
Finance6.30%

By company size

% of equity · SEBI size lists
Large Cap12.1%Mid Cap70.6%Small Cap17.3%

How does Mirae Asset Midcap Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro
Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.
Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro
The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Mirae Asset Midcap Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro
Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker
Nearest to the Nifty Midcap 150: 66% of it differs from the index (an active fund is usually above 60%).
Active share 65.8%60%

Funds that hold much the same

% of holdings in common
Mirae Asset Large & Midcap Fund53.5% the same
46 shared holdings
Mirae Asset Multicap Fund45.7% the same
37 shared holdings
AXIS NIFTY MIDCAP 50 INDEX FUND39.3% the same
22 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro
How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Mirae Asset Midcap Fund?

Ankit Jain (Primary) since 29 Jul 2019.

What is the expense ratio of Mirae Asset Midcap Fund?

0.95% a year on the direct plan and 2.01% on the regular plan (expense report, Oct 2026).

How has Mirae Asset Midcap Fund done?

Its direct plan returned +14.10% a year over 3 years against +13.62% for its benchmark, Nifty Midcap 150 TRI, as of 13 Oct 2026.

Inside the app

See Mirae Asset Midcap Fund beside your own funds in Valarth

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A Valarth stock page: the share price with its chart and 52-week range, valuation and profitability figures, and a scorecard of health checks.
Stock pagePrice, valuation, profitability and a scorecard of health checks for every company, each figure explained.
The Valarth stock screener: a table of companies with price, market cap, P/E, P/B, PEG, EPS and ROE, and filters down the left.
ScreenerEvery listed company, filtered on 212 figures, each with a plain-language lesson beside it.
The Valarth AI Screener answering 'Which companies will benefit from India's Project 75 submarine programme?' with a basket of four naval shipbuilders and a written thesis.
AI ScreenerAsk a question in plain English, like which companies benefit from India's Project 75. It reads the intent, builds the screen and writes the thesis.
A Valarth business-model card for State Bank of India, with a plain-language summary and statements verified against the filing.
Business modelHow a company makes money and what can hurt it, each statement checked against its annual report.
Valarth's Before the Bell edition, with the day's headline, regulator notes and sector moves.
Before the BellA morning edition before the market opens: what moved, which rule changed, and what it means for your holdings.

Mirae Asset Midcap Fund in the app: beside your own funds, with what you own through them

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