Mirae Asset Midcap Fund – Regular Plan

Mirae Asset Midcap Fund - Regular Plan

Mirae Asset Midcap Fund – Regular Plan

Mirae Asset Financial Group is a financial services group in Asia that offers comprehensive financial services including asset management, wealth management, investment banking, and life insurance.  A couple of weeks back Mirae Asset Mutual Fund has launched a new fund offer(NFO) for the Mirae Asset Midcap Fund. It is an open-end equity scheme that aims to invest predominantly in midcap stocks (companies between 101-250 in market capitalization), while it has some flexibility to invest across large caps and small caps (up to a max of 35 per cent) and across sectors.

This fund opens on July 8 and will be closed on July 22, 2019, but the units of the funds were available for sale on July 30, 2019. In the Mutual funds, you will find the Regular and Direct plane of the scheme. In fact, these two plans are the same but vary in fee structure. The direct plan of a mutual fund holds exactly the same assets as the regular plan but includes no expenses for distributor commissions, trail fees or other charges. Direct plans are therefore 40-70% cheaper than regular plans.

Mirae Asset Midcap Fund Details: 

Fund House: Mirae Asset Mutual Fund
Launch Date: Jul 29, 2019
Benchmark: NIFTY Midcap 100 TRI
Riskometer: Moderately High
Risk Grade:
Category Mid Cap Fund
Fund Size:  615.1 Cr
Type: Open-ended You can invest any time in this fund.

Mirae Asset Midcap Fund Investment Detail:

Return since Launch: -1.57%
Minimum Investment (R) 5,000
Minimum Addl Investment (R) 1,000
Minimum SIP Investment (R) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (R)
Minimum Balance (R)
Exit Load (%) 1% for redemption within 365 days

Mirae Asset Midcap Fund Regular – Dividend

NAV AUM 1M 1Yr 3Yr 5Yr
9.84 615.10 0.00
0.00
0.00 0.00

RETURNS (NAV as on 09th August 2019)

Period Invested for ₹10000 Invested in Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 02-Aug-19 10130.00 1.30% 0.49% 5/29
Since Inception 29-Jul-19 10051.00 0.51% 18.39% 11.44% 26/28

Mid Cap Fund: Fund has 50.91% investment in Indian stocks of which 10.15% is in large-cap stocks, 35.87% is in mid-cap stocks, 4.87% in small-cap stocks.

Suitable For: Investors who are looking to invest money for at least 3-4 years and looking for high returns. At the same time, these investors should also be ready for the possibility of moderate losses in their investments.

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully and consult your advisor before investing.

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