3 Year return
21.46%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹17560.99 Cr.
Expense Ratio
0.57% (inclusive of GST)
Exit Load
1.00%: If units Redeemed or Switched Out within 1 year (365 days) from the date of allotment. Nil after 1 year (365 Days).
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
Fund Holdings
Mirae Asset Mutual Fund Managers
AJ
Ankit Jain
Fund Manager since Jul 2023
Fund House Details
Mirae Asset Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Motilal Oswal Midcap Fund |
36.75% |
4.5 |
Quant Mid Cap Fund |
28.74% |
4 |
Edelweiss Mid Cap Fund |
27.03% |
3 |
Schemes by Mirae Asset Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan Growth
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Payout
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Reinvestment
Hybrid . Arbitrage Fund
Mirae Asset Arbitrage Fund Direct Growth
Hybrid . Arbitrage Fund
Mirae Asset Arbitrage Fund Direct IDCW Payout
About the Mirae Asset Midcap Fund Direct IDCW Payout
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 | 30.64% |
Expense Ratio | 0.57% |
Fund Manager | Ankit Jain |
Fund Size | ₹17560.99 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 |
Addresss | 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?
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What is the minimum SIP amount to invest in Mirae Asset Midcap Fund Direct IDCW Payout?
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.