Mirae Asset Midcap Fund — SIP Calculator
Calculate historical returns for Mirae Asset Midcap using actual month-by-month NAV data. See real performance, not assumed returns.
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Mid Cap
AUM
₹16,400+ crore
Expense Ratio
0.65-0.80% (Direct)
Fund Manager
Neelesh Surana & Gaurav Misra
Fund Overview
Mirae Asset Midcap Fund is a mid cap fund managed by Mirae Asset Mutual Fund, investing in companies ranked 101-250 by market capitalisation. The fund follows a growth-oriented investment approach, seeking to identify mid-sized companies with strong business models, capable management, and the potential to become large cap enterprises.
Mirae Asset has built particular expertise in identifying emerging growth stories, and this mid cap fund benefits from that research capability. The fund aims to invest in companies at an earlier stage of their growth trajectory and capture their journey from mid cap to large cap.
Who Should Invest
This fund suits investors with a 7+ year horizon who want mid cap exposure as a growth-oriented satellite holding in a diversified portfolio. It works well alongside core large cap or flexi cap holdings.
Investors should be comfortable with the higher volatility of mid cap investing (30-40% potential drawdowns) and have the patience to stay invested through market cycles.
Key Strengths
- Mirae growth expertise — The AMC has demonstrated strength in identifying growth companies across market caps
- Mid-to-large transition focus — Investment approach focuses on mid caps with potential to become tomorrow’s large caps
- Strong research team — Dedicated mid cap research coverage supports stock selection
- Long-term horizon — Fund management takes a patient, long-term approach to letting investments compound
Risks to Consider
- Mid cap volatility — 30-40% drawdowns possible during severe bear markets
- Growth style dependency — Growth orientation can lag during value-led market rotations
- Liquidity risk — Some mid cap positions may face liquidity constraints during market stress
- Benchmark sensitivity — Performance is significantly influenced by overall mid cap market conditions
How It Compares
Within the mid cap category, Mirae Asset Midcap competes with funds like Kotak Emerging Equity. Its growth-oriented approach means it may have higher upside participation during bull markets but could experience sharper drawdowns during corrections.
Use Our SIP Calculator with This Fund
To test how a monthly SIP in Mirae Asset Midcap Fund would have performed, use our SIP calculator. Compare its performance against other mid cap funds using real historical NAV data.
About Mirae Asset Midcap Fund
A mid cap fund investing in companies ranked 101-250 by market capitalisation. Offers a balance between growth potential and relative stability within the mid cap space.
Investment Strategy
Focuses on quality mid cap companies with strong earnings growth potential, sound management, and reasonable valuations. Uses a combination of growth and value investing principles.
Key Facts
- Invests in companies ranked 101-250 by market cap
- Balance of growth potential and relative stability
- Expense ratio competitive within category
- Benchmark: Nifty Midcap 150 TRI
Historical Returns
3-Year CAGR
18.5%
5-Year CAGR
21.2%
10-Year CAGR
N/A (fund < 10 years)
Benchmark
Nifty Midcap 150 TRI
Returns are illustrative based on historical performance. Actual returns may vary. Data as of August 2026. Verify with AMC before investing.
Top Holdings & Sector Allocation
As of August 2026, Mirae Asset Midcap's portfolio includes:
Top 5 Holdings
- Persistent Systems
- Coforge
- C.E. Info Systems
- Affle India
- Home First Finance
Sector Allocation
IT 20%, Financials 18%, Industrial 15%, Consumer 12%, Others 35%
Risk & Drawdowns
Moderate-high volatility. Standard deviation ~18%. Mid cap swings are normal.
Max drawdown -42% in March 2020. Recovered in 14 months.
Tax Treatment
LTCG 12.5% above ₹1.25L/year. STCG 20% if sold within 1 year.
Who Should NOT Invest in Mirae Asset Midcap?
Conservative investors, those with < 7 year horizon, or anyone uncomfortable with 30%+ temporary declines.
About the Fund Manager
Neelesh Surana and Gaurav Misra. Mirae Asset's mid cap team has strong research backing.
Who Is This Fund Suitable For?
Suitable for investors seeking mid cap growth with relatively lower volatility than small caps. Recommended horizon of 7+ years.
How to Calculate Mirae Asset Midcap SIP Returns
- Visit our SIP calculator page
- Search for "Mirae Asset Midcap Fund" in the fund search box
- Enter your monthly SIP amount (e.g., ₹5,000 or ₹10,000)
- Choose your start and end dates
- Click Calculate to see the XIRR, total invested amount, and final portfolio value based on real NAV data
- Export the results as PDF, Excel, or share as an image
Similar Funds to Consider
Or compare side by side using our main SIP calculator — you can test different funds with the same investment amount and dates to see which performed better.
Other Tools for Mirae Asset Midcap Investors
- FIRE Calculator — Plan your retirement corpus with Mirae Asset Midcap as part of your portfolio
- Cost of Delay Calculator — See how much delaying your SIP in Mirae Asset Midcap could cost you
- SIP vs EMI Calculator — Compare investing in Mirae Asset Midcap vs paying off loans
Frequently Asked Questions About Mirae Asset Midcap
What are the top holdings in Mirae Asset Midcap?
Mirae Asset Midcap's top holdings include Persistent Systems, Coforge, C.E. Info Systems, and Affle India. The fund's sector allocation is IT 20%, Financials 18%, Industrial 15%, Consumer 12%, Others 35%.
How has Mirae Asset Midcap performed historically?
Mirae Asset Midcap has delivered 18.5% over 3 years, 21.2% over 5 years, and N/A (fund < 10 years) over 10 years (as of August 2026). Max drawdown -42% in March 2020. Recovered in 14 months.
What is the risk profile of Mirae Asset Midcap?
Moderate-high volatility. Standard deviation ~18%. Mid cap swings are normal. This fund may not be suitable for conservative investors, those with < 7 year horizon, or anyone uncomfortable with 30%+ temporary declines..
What are the tax implications of investing in Mirae Asset Midcap?
LTCG 12.5% above ₹1.25L/year. STCG 20% if sold within 1 year.
Who manages Mirae Asset Midcap?
Neelesh Surana and Gaurav Misra. Mirae Asset's mid cap team has strong research backing. The fund's benchmark is Nifty Midcap 150 TRI.
Data last updated: August 2026 | Fund data sourced from AMFI and BSE public APIs
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