EQUITY•MID CAP FUND
Mirae Asset Midcap Fund Direct IDCW Payout
3 Year return
18.51%
NAV on August 11, 2026
29.186
1D Returns
+0.06%
Launched on July 2019(7 years)
Investment Details
₹99
Minimum SIP Amount
₹5000
Minimum one time investment
Fund has no lock-in period
Calculate Returns
Based on past performance of this fund
₹
Your Investment₹3,600
Gain
34.42%₹1,239
Total Value ₹4,839
Risk Involved
Your principal will be at
Very High Risk
Scheme Information
Asset Under Management
₹19,542.56 Cr.
Expense Ratio
0.9% (inclusive of GST)
Exit Load
15% of the units allotted (including Switch-in/STP - in on or before completion of 365 days from the date of allotment of units: Nil. 1.00% - If redeemed within 1 year (365 days) from the date of allotment. Nil - If redeemed after 1 Year (365 days) from the date of allotment.
Ratings
2.5
Ratings by other agencies
Value Research
4
Crisil
4
Morning Star
0
Tax Implications
Withdrawal within 1 year:
20% tax on gains
Withdrawal after 1 year:
12.5% tax on gains above ₹1.25 lakh per financial year
Mirae Asset Mutual Fund Manager
AJ
Ankit Jain
Fund Manager since Jul 2019
Fund House Details
Mirae Asset Mutual Fund
Asset management company
AUM
₹2,32,231.51 Cr.
No. of Schemes
163
Setup Date
November 2007
Peer Comparison
Comparison with other similar funds
| Funds | 3 Y Returns | ARQ Rating |
|---|---|---|
| Motilal Oswal Midcap Fund | 20.5839% | 4.5 |
| Invesco India Midcap Fund | 26.1279% | 2 |
| HDFC Mid Cap Fund | 20.481% | 4 |
Schemes by Mirae Asset Mutual Fund
List of mutual fund schemes by AMC
Funds
3 Years Returns
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Reinvestment12.2617%
The Mirae Asset Midcap Fund Direct IDCW Payout is an open-ended equity mutual fund scheme that invests in mid-cap stocks. It is managed by Mirae Asset Mutual Fund, which is one of the largest mutual fund houses in India. The fund has a track record of over 3 years and has generated an average annual return of 19.52% since its inception. It is an open-ended fund. This means that you can buy and sell units of the fund anytime during the trading day.
Investment Objectives of the Scheme
The investment objective of the Mirae Asset Midcap Fund Direct IDCW Payout is to generate long-term capital appreciation by investing in a diversified portfolio of mid-cap stocks. The fund aims to achieve this by investing in stocks of companies that have the potential to grow at a faster rate than the overall market.
Key Features of The Fund
5-year return
16.9683%
Expense Ratio
0.9%
Fund Manager
Ankit Jain
Fund Size
₹19542.56 Cr.
Risk Profile
Very High
Is This Scheme Right for Me?
The Mirae Asset Midcap Fund Direct IDCW Payout is suitable for investors who are looking to invest for the long term and are willing to take on moderate risk for high potential returns. The fund is best suited for investors who are looking to invest for the long term i.e. at least 3-5 years.
In conclusion, the Mirae Asset Midcap Fund Direct IDCW Payout is a good option for investors who are looking to invest in mid-cap stocks for the long term. The fund has a good track record and is managed by a reputable fund house. However, it is important to remember that all investments carry some risk and you should do your own research before investing.
AMC Contact Details
| Name | Mirae Asset Mutual Fund |
| Launch Date | November 2007 |
| Address | Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098. |
| Contact | 1800-2090-777 |
| customercare@miraeasset.com | |
| Website | https://www.miraeassetmf.co.in/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
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FAQs
What is today's NAV of Mirae Asset Midcap Fund Direct IDCW Payout?
NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Mirae Asset Midcap Fund Direct IDCW Payout on August 11, 2026, is ₹29.186
What is the AUM of Mirae Asset Midcap Fund Direct IDCW Payout?
Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Mirae Asset Midcap Fund Direct IDCW Payout, is ₹19542.56 crore.
What is the expense ratio of Mirae Asset Midcap Fund Direct IDCW Payout?
The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund's returns. The expense ratio of Mirae Asset Midcap Fund Direct IDCW Payout is 0.9%
What are the returns of Mirae Asset Midcap Fund Direct IDCW Payout since inception?
The Mirae Asset Midcap Fund Direct IDCW Payout was launched on July 08, 2019. The fund has delivered a CAGR of undefined since inception.
What is the minimum SIP amount to invest in Mirae Asset Midcap Fund Direct IDCW Payout?
A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Mirae Asset Midcap Fund Direct IDCW Payout is ₹99.
How do I invest in Mirae Asset Midcap Fund Direct IDCW Payout?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Mirae Asset Midcap Fund Direct IDCW Payout?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Mirae Asset Midcap Fund Direct IDCW Payout?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Mirae Asset Midcap Fund Direct IDCW Payout?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.
ENTER AMOUNT
₹
₹4,839 in 3Y at 18.5089% returns
SIP Date1st of every month
Your next SIP Payment will be on 11 September 2026
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