Mirae Asset Midcap Fund Overview
Category Mid Cap Fund
BMSMONEY Rank 10
BMSMONEY Rating
Growth Option As On: 18-04-2024
NAV ₹30.89 (R) 0.0% ₹32.96 (D) 0.0%
Returns Gro. Opt. 1Y 3Y 5Y 7Y 10Y
LumpSum Reg. P 48.22% 24.78% -% -% -%
LumpSum Dir. P 49.87% 26.31% -% -% -%
SIP Reg. P 39.58% 24.6% -% -% -%
SIP Dir. P 41.14% 26.01% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
1.13 0.61 1.17 0.5% 0.19
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
13.69% -15.33% -10.36% 0.83 9.56%

NAV Date: 18-04-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Midcap Fund Regular IDCW 23.76
0.0000
0.0000%
Mirae Asset Midcap Fund Direct IDCW 25.51
0.0000
0.0000%
Mirae Asset Midcap Fund - Regular Plan 30.89
0.0000
0.0000%
Mirae Asset Midcap Fund- Direct Growth Fund 32.96
0.0000
0.0000%

Review Date: Feb. 29, 2024

The Mid Cap Fund category has 23 funds. Performance of the Mirae Asset Midcap Fund has been analyzed on 19 performance parameters. Out of seven return parameters, the fund has zero return parameters in first quartile; whereas one risk parameter (out of five) in first quartile. Similarly zero risk-adjusted performance parameters are in first quartile, the performance on different parameters provides has achieved tenth (out of 23 funds), which is ok rank in the Mid Cap Fund category.
Our ranking strategy involves a composite performance score that reflects the fund's returns, its associated risk, and its risk-adjusted performance for the last three years. We then use this composite performance score to rank the funds within each category.

The Mirae Asset Midcap Fund has below average return performance, as more than 25% 1 year and above return parameters are below average in Mid Cap Fund category. The details are provided below.'
    '
  1. 1 Month Return%: One month return shows funds performance in very short period of time, the Mirae Asset Midcap Fund has given return of 2.65% in last one month which is good as it is above average in Mid Cap Fund.
  2. 3 Month Return%: Three month return shows funds performance in short period of time, the Mirae Asset Midcap Fund has given return of 10.84% in last three month which is good as it is above average in Mid Cap Fund.
  3. 6 Month Return%: Six month return shows funds performance in short period of time, the Mirae Asset Midcap Fund has given return of 17.51% in last six month which is poor as it is in the below average in Mid Cap Fund.
  4. 1 Year Return%: The Mirae Asset Midcap Fund has given return of 47.28% in last one year which is good as it is above average in Mid Cap Fund. The one year return rank of Mirae Asset Midcap Fund is 12 in 23 funds. The investment of ₹ 10,000 in this fund would have become ₹ 14728.0 in one year.
  5. 3 Year Return%: The Mirae Asset Midcap Fund has given return of 23.75% in last three year which is poor as it is in the below average with return rank of 8 in 21 funds. in Mid Cap Fund.
  6. 1 Year SIP Return%: The Mirae Asset Midcap Fund has given return of 50.3% in last one year which is good as it is above average with return rank of 12 in 23 funds. in Mid Cap Fund.
  7. 3 Year SIP Return%: The Mirae Asset Midcap Fund has given return of 25.83% in last three year which is poor as it is in the below average with return rank of 11 in 21 funds. in Mid Cap Fund.
    8. '
'

The Mirae Asset Midcap Fund has average risk performance, as more than 25% risk parameters are above average Mid Cap Fund category. The details are provided below. '
    '
  1. Standard Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the standard deviation, the greater the risk. The Mirae Asset Midcap Fund has standard deviation of 13.69 which is poor as it is in the below average with risk rank of 12 in 21 funds. in Mid Cap Fund.
  2. Semi Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the semi-deviation, the greater the risk. It uses only negative returns for calculation. The Mirae Asset Midcap Fund has semi deviation of 9.56 which is poor as it is in the below average with risk rank of 14 in 21 funds. in Mid Cap Fund.
  3. Max Drawdown %: It is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The Mirae Asset Midcap Fund has max drawdown of -10.36% which is very good as it is in the top quartile with risk rank of 6 in 21 funds. in Mid Cap Fund.
  4. 1Y VaR at 95%: It is the maximum expected loss of an investment over a given time period with a given probability of confidence. The Mirae Asset Midcap Fund has 1Y VaR at 95% of -15.33% which is good as it is above average with risk rank of 9 in 21 funds. in Mid Cap Fund.
  5. Average Drawdown %: It is the average of the drawdowns over a period of time. The Mirae Asset Midcap Fund has average drawdown of -4.4% which is good as it is above average with risk rank of 8 in 21 funds. in Mid Cap Fund.
    6. '
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The Mirae Asset Midcap Fund has poor risk adjusted performance, as non of above risk adjusted paramerters are above average in Mid Cap Fund category. The details are provided below. '
    '
  1. Sterling Ratio: It is a measure of risk-adjusted return. The Mirae Asset Midcap Fund has Sterling Ratio of 1.17 which is good as it is above average with risk rank of 7 in 21 funds. in Mid Cap Fund.
  2. Sortino Ratio: It is a measure of risk-adjusted return. The Mirae Asset Midcap Fund has Sortino Ratio of 0.61 which is poor as it is in the below average with risk rank of 11 in 21 funds. in Mid Cap Fund.
  3. Jensen Alpha %: It is a measure of risk-adjusted return. The Mirae Asset Midcap Fund has Jensen Alpha of 0.5% which is poor as it is in the below average with risk rank of 10 in 21 funds. in Mid Cap Fund.
  4. Treynor Ratio: It is a measure of risk-adjusted return. The Mirae Asset Midcap Fund has Treynor Ratio of 0.19 which is good as it is above average with risk rank of 10 in 21 funds. in Mid Cap Fund.
  5. Modigliani Square Measure %: It is a measure of risk-adjusted return. The Mirae Asset Midcap Fund has Modigliani Square Measure of 27.15% which is good as it is above average with risk rank of 9 in 21 funds. in Mid Cap Fund.
  6. Alpha %: It is a measure of risk-adjusted return. The Mirae Asset Midcap Fund has Alpha of -4.21% which is poor as it is in the below average with risk rank of 10 in 21 funds. in Mid Cap Fund.
    7. '
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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 7.13
7.08
4.90 | 8.74 12 | 23
Yes
No
No
3M Return % 4.18
5.20
0.36 | 10.99 18 | 23
No
No
Yes
6M Return % 17.13
19.51
12.07 | 31.44 15 | 23
No
No
No
1Y Return % 48.22
48.92
29.09 | 67.13 11 | 23
No
No
No
3Y Return % 24.78
25.42
16.96 | 37.57 11 | 22
No
No
No
1Y SIP Return % 39.58
41.94
22.71 | 68.33 15 | 23
No
No
No
3Y SIP Return % 24.60
25.95
15.56 | 36.88 13 | 22
No
No
No
Standard Deviation 13.69
13.67
11.56 | 16.47 12 | 21
No
No
No
Semi Deviation 9.56
9.47
8.12 | 11.54 14 | 21
No
No
No
Max Drawdown % -10.36
-12.56
-17.11 | -8.36 6 | 21
Yes
Yes
No
VaR 1 Y % -15.33
-15.62
-19.24 | -11.84 9 | 21
Yes
No
No
Average Drawdown % -4.40
-4.97
-7.05 | -3.15 8 | 21
Yes
No
No
Sharpe Ratio 1.13
1.12
0.57 | 1.79 10 | 21
Yes
No
No
Sterling Ratio 1.17
1.07
0.60 | 1.73 7 | 21
Yes
No
No
Sortino Ratio 0.61
0.62
0.31 | 1.04 11 | 21
No
No
No
Jensen Alpha % 0.50
0.87
-7.83 | 12.64 10 | 21
No
No
No
Treynor Ratio 0.19
0.19
0.09 | 0.33 10 | 21
Yes
No
No
Modigliani Square Measure % 27.15
26.33
17.57 | 38.32 9 | 21
Yes
No
No
Alpha % -4.21
-3.69
-12.19 | 9.33 10 | 21
No
No
No
Return data last Updated On : April 18, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 29, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 7.23 7.18 4.99 | 8.82 12 | 23
Yes
No
No
3M Return % 4.46 5.49 0.59 | 11.26 18 | 23
No
No
Yes
6M Return % 17.77 20.16 12.76 | 32.14 15 | 23
No
No
No
1Y Return % 49.87 50.56 30.73 | 69.13 11 | 23
No
No
No
3Y Return % 26.31 26.89 18.10 | 39.15 10 | 22
No
No
No
1Y SIP Return % 41.14 43.52 24.26 | 70.24 15 | 23
No
No
No
3Y SIP Return % 26.01 27.34 17.19 | 39.09 11 | 22
No
No
No
Standard Deviation 13.69 13.67 11.56 | 16.47 12 | 21
No
No
No
Semi Deviation 9.56 9.47 8.12 | 11.54 14 | 21
No
No
No
Max Drawdown % -10.36 -12.56 -17.11 | -8.36 6 | 21
Yes
Yes
No
VaR 1 Y % -15.33 -15.62 -19.24 | -11.84 9 | 21
Yes
No
No
Average Drawdown % -4.40 -4.97 -7.05 | -3.15 8 | 21
Yes
No
No
Sharpe Ratio 1.13 1.12 0.57 | 1.79 10 | 21
Yes
No
No
Sterling Ratio 1.17 1.07 0.60 | 1.73 7 | 21
Yes
No
No
Sortino Ratio 0.61 0.62 0.31 | 1.04 11 | 21
No
No
No
Jensen Alpha % 0.50 0.87 -7.83 | 12.64 10 | 21
No
No
No
Treynor Ratio 0.19 0.19 0.09 | 0.33 10 | 21
Yes
No
No
Modigliani Square Measure % 27.15 26.33 17.57 | 38.32 9 | 21
Yes
No
No
Alpha % -4.21 -3.69 -12.19 | 9.33 10 | 21
No
No
No
Return data last Updated On : April 18, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 29, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.0 ₹ 10000.0 0.0 ₹ 10000.0
1W -1.21 ₹ 9879.0 -1.19 ₹ 9881.0
1M 7.13 ₹ 10713.0 7.23 ₹ 10723.0
3M 4.18 ₹ 10418.0 4.46 ₹ 10446.0
6M 17.13 ₹ 11713.0 17.77 ₹ 11777.0
1Y 48.22 ₹ 14822.0 49.87 ₹ 14987.0
3Y 24.78 ₹ 19428.0 26.31 ₹ 20153.0
5Y - ₹ - - ₹ -
7Y - ₹ - - ₹ -
10Y - ₹ - - ₹ -
15Y - ₹ - - ₹ -

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 39.5849 ₹ 14444.544 41.1422 ₹ 14536.236
3Y ₹ 36000 24.6 ₹ 51450.444 26.0137 ₹ 52452.288
5Y ₹ 60000 - ₹ - - ₹ -
7Y ₹ 84000 - ₹ - - ₹ -
10Y ₹ 120000 - ₹ - - ₹ -
15Y ₹ 180000 - ₹ - - ₹ -


Date NAV Regular Growth NAV Direct Growth
18-04-2024 30.893 32.964
16-04-2024 31.003 33.08
15-04-2024 30.96 33.032
12-04-2024 31.271 33.361
09-04-2024 31.279 33.366
08-04-2024 31.337 33.428
05-04-2024 31.212 33.291
04-04-2024 31.071 33.14
03-04-2024 31.007 33.071
02-04-2024 30.885 32.94
01-04-2024 30.599 32.634
28-03-2024 29.956 31.944
27-03-2024 29.834 31.813
26-03-2024 29.741 31.713
22-03-2024 29.54 31.495
21-03-2024 29.326 31.266
20-03-2024 28.791 30.694
19-03-2024 28.837 30.742
18-03-2024 29.133 31.058
15-03-2024 29.171 31.095
14-03-2024 29.277 31.207
13-03-2024 28.931 30.838
12-03-2024 29.948 31.92
11-03-2024 30.358 32.357
07-03-2024 30.561 32.569
06-03-2024 30.491 32.494
05-03-2024 30.694 32.709
04-03-2024 30.804 32.825
01-03-2024 30.655 32.664
29-02-2024 30.529 32.528
28-02-2024 30.43 32.422
27-02-2024 30.78 32.794
26-02-2024 30.769 32.781
23-02-2024 30.714 32.72
22-02-2024 30.715 32.719
21-02-2024 30.579 32.574
20-02-2024 30.725 32.728
19-02-2024 30.815 32.823
16-02-2024 30.667 32.662
15-02-2024 30.302 32.272
14-02-2024 30.009 31.959
13-02-2024 29.821 31.758
12-02-2024 29.691 31.619
09-02-2024 30.303 32.267
08-02-2024 30.493 32.468
07-02-2024 30.577 32.557
06-02-2024 30.522 32.498
05-02-2024 30.25 32.207
02-02-2024 30.267 32.223
01-02-2024 30.29 32.245
31-01-2024 30.3 32.255
30-01-2024 29.74 31.659
29-01-2024 29.875 31.802
25-01-2024 29.466 31.362
24-01-2024 29.535 31.434
23-01-2024 28.978 30.84
19-01-2024 29.654 31.556
18-01-2024 29.427 31.314
17-01-2024 29.536 31.429
16-01-2024 29.948 31.867
15-01-2024 30.086 32.012
12-01-2024 30.018 31.937
11-01-2024 29.962 31.876
10-01-2024 29.802 31.705
09-01-2024 29.773 31.673
08-01-2024 29.652 31.544
05-01-2024 29.972 31.881
04-01-2024 29.862 31.763
03-01-2024 29.502 31.379
02-01-2024 29.435 31.307
01-01-2024 29.491 31.366
29-12-2023 29.321 31.182
28-12-2023 29.139 30.987
27-12-2023 28.915 30.748
26-12-2023 28.808 30.633
22-12-2023 28.674 30.487
21-12-2023 28.413 30.209
20-12-2023 28.067 29.841
19-12-2023 28.832 30.653
18-12-2023 28.771 30.587
15-12-2023 28.599 30.401
14-12-2023 28.512 30.308
13-12-2023 28.256 30.035
12-12-2023 28.058 29.823
11-12-2023 28.202 29.976
08-12-2023 28.095 29.859
07-12-2023 28.061 29.822
06-12-2023 27.862 29.609
05-12-2023 27.908 29.658
04-12-2023 27.801 29.543
01-12-2023 27.544 29.267
30-11-2023 27.234 28.937
29-11-2023 27.007 28.695
28-11-2023 26.811 28.486
24-11-2023 26.719 28.385
23-11-2023 26.669 28.331
22-11-2023 26.668 28.329
21-11-2023 26.715 28.378
20-11-2023 26.678 28.337
17-11-2023 26.654 28.31
16-11-2023 26.667 28.323
15-11-2023 26.504 28.149
13-11-2023 26.299 27.929
10-11-2023 26.203 27.825
09-11-2023 26.052 27.664
08-11-2023 26.091 27.704
07-11-2023 25.931 27.534
06-11-2023 25.875 27.474
03-11-2023 25.646 27.228
02-11-2023 25.379 26.943
01-11-2023 25.165 26.716
31-10-2023 25.344 26.904
30-10-2023 25.37 26.932
27-10-2023 25.313 26.868
26-10-2023 25.068 26.608
25-10-2023 25.282 26.834
23-10-2023 25.449 27.01
20-10-2023 26.065 27.661
19-10-2023 26.376 27.991
18-10-2023 26.406 28.022
17-10-2023 26.571 28.196
16-10-2023 26.444 28.06
13-10-2023 26.401 28.012
12-10-2023 26.49 28.106
11-10-2023 26.401 28.011
10-10-2023 26.32 27.923
09-10-2023 26.04 27.626
06-10-2023 26.359 27.961
05-10-2023 26.285 27.882
04-10-2023 26.228 27.821
03-10-2023 26.541 28.152
29-09-2023 26.469 28.073
27-09-2023 26.441 28.041
26-09-2023 26.267 27.856
25-09-2023 26.292 27.882
22-09-2023 26.26 27.846
21-09-2023 26.295 27.882
20-09-2023 26.567 28.169
18-09-2023 26.618 28.222
15-09-2023 26.685 28.29
14-09-2023 26.624 28.225
13-09-2023 26.438 28.027
12-09-2023 26.334 27.916
11-09-2023 26.994 28.614
08-09-2023 26.819 28.427
07-09-2023 26.635 28.231
06-09-2023 26.46 28.044
05-09-2023 26.436 28.019
04-09-2023 26.231 27.8
01-09-2023 26.139 27.7
31-08-2023 25.981 27.532
30-08-2023 25.886 27.43
29-08-2023 25.744 27.279
28-08-2023 25.648 27.177
25-08-2023 25.507 27.025
24-08-2023 25.689 27.218
23-08-2023 25.604 27.126
22-08-2023 25.448 26.961
21-08-2023 25.252 26.751
18-08-2023 25.064 26.55
17-08-2023 25.097 26.585
16-08-2023 25.027 26.51
14-08-2023 25.017 26.498
11-08-2023 25.187 26.675
10-08-2023 25.28 26.772
09-08-2023 25.393 26.892
08-08-2023 25.28 26.771
07-08-2023 25.119 26.599
04-08-2023 24.997 26.468
03-08-2023 24.733 26.188
02-08-2023 24.773 26.23
01-08-2023 25.095 26.57
31-07-2023 25.046 26.516
28-07-2023 24.726 26.175
27-07-2023 24.473 25.908
26-07-2023 24.46 25.893
25-07-2023 24.476 25.909
24-07-2023 24.295 25.716
21-07-2023 24.323 25.744
20-07-2023 24.406 25.831
19-07-2023 24.302 25.72
18-07-2023 24.213 25.625
17-07-2023 24.288 25.703
14-07-2023 24.175 25.582
13-07-2023 23.937 25.33
12-07-2023 24.049 25.447
11-07-2023 23.952 25.344
10-07-2023 23.763 25.143
07-07-2023 23.754 25.131
06-07-2023 23.896 25.28
05-07-2023 23.702 25.075
04-07-2023 23.619 24.986
03-07-2023 23.618 24.984
30-06-2023 23.592 24.954
28-06-2023 23.351 24.697
27-06-2023 23.291 24.634
26-06-2023 23.113 24.445
23-06-2023 22.925 24.244
22-06-2023 23.173 24.505
21-06-2023 23.305 24.644
20-06-2023 23.156 24.486
19-06-2023 23.024 24.345
16-06-2023 23.008 24.326
15-06-2023 22.81 24.116
14-06-2023 22.821 24.127
13-06-2023 22.757 24.058
12-06-2023 22.554 23.843
09-06-2023 22.401 23.679
08-06-2023 22.435 23.714
07-06-2023 22.561 23.846
06-06-2023 22.356 23.629
05-06-2023 22.311 23.581
02-06-2023 22.198 23.459
01-06-2023 22.094 23.348
31-05-2023 22.021 23.27
30-05-2023 21.997 23.244
29-05-2023 21.964 23.209
26-05-2023 21.846 23.082
25-05-2023 21.711 22.938
24-05-2023 21.647 22.87
23-05-2023 21.615 22.836
22-05-2023 21.55 22.766
19-05-2023 21.446 22.654
18-05-2023 21.447 22.654
17-05-2023 21.562 22.775
16-05-2023 21.627 22.843
15-05-2023 21.587 22.8
12-05-2023 21.474 22.679
11-05-2023 21.571 22.78
10-05-2023 21.495 22.7
09-05-2023 21.425 22.625
08-05-2023 21.39 22.587
05-05-2023 21.178 22.36
04-05-2023 21.325 22.515
03-05-2023 21.18 22.361
02-05-2023 21.184 22.365
28-04-2023 21.104 22.277
27-04-2023 20.943 22.107
26-04-2023 20.9 22.061
25-04-2023 20.844 22.001
24-04-2023 20.876 22.034
21-04-2023 20.797 21.949
20-04-2023 20.842 21.995
19-04-2023 20.794 21.943
18-04-2023 20.89 22.044

Fund Launch Date: 08/Jul/2019
Fund Category: Mid Cap Fund
Investment Objective: 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.
Fund Description: Midcap Fund -An open ended equity scheme predominantly investing in mid cap stocks
Fund Benchmark: NIFTYMidcap 100 Index (Total Return Index)
Source: Fund FactSheet

Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.