After a streak of good performance since its inception in 2019, Mirae Asset Midcap Fund has had a mediocre start in 2023. Known for its ability to avoid losses during market corrections, the fund however, got battered in the first quarter by falling more than the benchmark and its peers. Having said that, the fund was quick to make a turnaround in the following months. Further, its longer-term performance presents a compelling case. Reasons for performance In 2023, the fund's investment in the top three sectors - Financials, Metal and mining, and Healthcare, played spoilsport. Consumer
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