3 Year return

25.56%
Launched on July 2019 (5 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹15353.87 Cr.

Expense Ratio

0.59% (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).

Ratings

ARQ Rating
2.5

Ratings by other agencies

4
4
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Mirae Asset Mutual Fund Managers

AJ

Ankit Jain

Fund Manager since Jul 2023

View Details

Fund House Details

Mirae Asset Mutual Fund

Mirae Asset Mutual Fund Asset management company

AUM ₹164,467.60 Cr.
No. of Schemes 107
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Mirae Asset Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

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 NA
Expense Ratio 0.59%
Fund Manager Ankit Jain
Fund Size ₹15353.87 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
Email 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 Jun 21 2024 is 28.622

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 15353.87 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 0.59%

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 Jul 08 2019. The fund has delivered a CAGR of 30.57 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 500.

How do I invest in Mirae Asset Midcap Fund Direct IDCW Payout?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. 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.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. 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?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Mirae Asset Midcap Fund Direct IDCW Payout?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. 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?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.