Investment type
Mirae Asset Midcap Fund - Direct (G) is a mutual fund under the Midcap category, managed by Mirae Asset Mutual Fund. It was launched on 20 Nov 2006, and has been active for over 19 years. As of 30 Jun 2025 the fund manages assets worth ₹17,185 Crores. The expense ratio is 0.57%.
This fund generated returns of 3.6% in the last 1 year. Since its inception, it has provided an average annual return of 25.79%.
The fund's investments are mainly concentrated in sectors like Banks, Auto Components, Pharmaceuticals & Biotech, Consumer Durables and IT-Software.
The top five holdings in this fund include prominent companies such as Lupin, L&T Finance Ltd, Tata Comm, Mphasis and Delhivery.
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. 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 realized.
Midcap funds carry moderate to high risk as they invest in mid-sized companies that may be volatile but offer growth potential.
Yes, if you want higher returns than large-cap funds and are comfortable with moderate risk.
At least three to five years is ideal to benefit from the growth of mid-sized companies.
Yes, but holding for several years can help you maximize returns.
Expense ratios can range from 1% to 2%, reflecting the cost of active management.
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