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Unrated

Mirae Asset Midcap Fund - Regular Plan


Equity: Mid Cap

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.36 Lakh

Suitability:

When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.

This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.90 -1.46 1.13 5.64 11.56 34.05 9.84 -- -- -- --
S&P BSE 150 MidCap TRI* 6.27 1.40 1.42 4.04 13.15 33.40 11.60 -- -- -- --
Equity: Mid Cap* 5.66 1.23 1.12 3.80 11.71 28.08 9.60 -- -- -- --

As on 26-Oct-2020

* As on 27-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Midcap Fund - Regular Plan  | Invest Online
Unrated
Jul-19 9.84 -- -- 2.06 2,476
DSP Midcap Fund - Regular Plan  | Invest Online
5 star
Nov-06 12.77 4.28 11.04 1.91 8,274
Kotak Emerging Equity Fund Regular Plan  | Invest Online
4 star
Mar-07 9.47 2.53 9.59 1.91 7,535
Axis Midcap Fund
5 star
Feb-11 11.21 10.57 10.95 2.02 6,732
L&T Midcap Fund  | Invest Online
4 star
Aug-04 5.75 -1.59 8.81 1.92 5,928

Best & Worst Performance

Best (Period) Worst (Period)
Week 9.61 (24-Mar-2020 - 31-Mar-2020) -19.62 (16-Mar-2020 - 23-Mar-2020)
Month 18.25 (24-Mar-2020 - 23-Apr-2020) -37.48 (20-Feb-2020 - 23-Mar-2020)
Quarter 34.65 (24-Mar-2020 - 23-Jun-2020) -33.41 (23-Dec-2019 - 23-Mar-2020)
Year 18.52 (29-Aug-2019 - 28-Aug-2020) 2.40 (25-Sep-2019 - 24-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE 150 MidCap TRI* 5.78 26.04 0.03 0.03 -- --
Equity: Mid Cap* 5.17 23.73 0.01 0.01 0.89 -0.52

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 51
Top 10 Stocks (%) 33.10
Top 5 Stocks (%) 17.96
Top 3 Sectors (%) 43.66
Portfolio P/B Ratio 2.08
Portfolio P/E Ratio 16.56

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 21,755 18,322
Giant (%) 11.17 5.35
Large (%) 6.75 7.86
Mid (%) 73.52 80.05
Small (%) 8.56 10.70
Tiny (%) -- 0.15

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal SRF Diversified 25.76 4.00 1.71 3.84
up Natco Pharma Healthcare 37.85 3.84 0.60 3.84
down MindTree Technology 26.24 4.03 1.85 3.62
up Federal Bank Financial 7.16 4.60 3.26 3.38
equal Emami FMCG 54.25 3.48 2.15 3.29
equal Gujarat State Petronet Energy 7.06 3.62 2.27 3.29
up Bharat Electronics Engineering 13.12 4.00 1.13 3.09
up Axis Bank Financial 92.00 3.45 1.81 3.09
equal Tata Consumer Products FMCG 90.78 3.96 0.45 3.03
equal Max Financial Services Financial 64.33 3.31 2.08 2.65
equal Voltas Cons Durable 53.65 3.77 1.93 2.54
up JK Cement Construction 35.17 2.54 0.00 2.54
equal Bharat Forge Automobile 428.24 2.89 0.00 2.53
equal TVS Motor Co. Automobile 68.82 2.67 2.21 2.53
up Bharti Airtel Communication -- 2.57 0.00 2.47
equal Ipca Laboratories Healthcare 32.65 2.56 0.31 2.45
up NTPC Energy 15.36 3.07 0.00 2.23
equal Kajaria Ceramics Construction 53.48 2.23 1.72 2.23
up Jindal Steel & Power Metals 305.15 2.19 0.00 2.19
equal Ceat Automobile 40.58 2.18 0.00 2.18
equal State Bank of India Financial 8.04 3.09 2.03 2.17
equal Crompton Greaves Consumer Electricals Cons Durable 39.35 2.48 1.31 1.96
equal ICICI Bank Financial 27.79 3.66 1.95 1.95
up L&T Technology Services Engineering 26.67 1.91 0.00 1.91
equal Ajanta Pharma Healthcare 27.37 2.51 1.48 1.87

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2020

Fund Manager

— Ankit Jain since 08-Jul-2019

Education: Mr. Jain is a B.Tech (ICT) and MBA (Finance).

Experience: Prior to joining Mirae Asset Mutual Fund (Sep. 7, 2015) as a Research Analyst he was associated with Equirius Securities Pvt Ltd. and Infosys Ltd. He has more than 5 years of professional experience and his primary responsibility includes Investment Analysis and Fund Management.

Funds Managed:


-1.46%

Change from previous, NAV as on 26-Oct-2020

Growth: ₹ 11.7040

Dividend: ₹ 11.7060


Investment Strategy

The scheme seeks 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 securities for optimal portfolio construction.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 29-Jul-2019
Return Since Launch: 13.45%
Benchmark: NIFTY Midcap 100 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 2,476 Cr (As on 30-Sep-2020)
Expense: 2.06% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: --
Turnover: 45.00%

Contact Information

AMC: Mirae Asset Investment Managers (India) Pvt. Ltd.

Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098

Phone: 022-67800301 / 1800-2090-777

Email: [email protected]

Website: http://www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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