Should I invest in Mirae Asset Midcap Fund- Direct Growth Option?

We don't give personal investment advice. Mirae Asset Midcap Fund- Direct Growth Option is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 22.5%. 5-year CAGR: 17.39%.

Mirae Asset

Mirae Asset Midcap Fund- Direct Growth Option

Latest NAV

₹40.9750

As of

3 Jun 2026

1,684 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.22%	+0.15%	+0.07	14 / 34	Q2
1W	-1.94%	-1.85%	-0.09	17 / 34	Q2
2W	-0.23%	-0.16%	-0.07	17 / 34	Q2
1M	+0.70%	+0.51%	+0.19	11 / 34	Q2
3M	+3.94%	+4.16%	-0.22	16 / 33	Q2
6M	-0.36%	+0.22%	-0.59	19 / 33	Q3
YTD	-0.93%	+0.48%	-1.41	23 / 33	Q3
1Y	+9.86%	+6.03%	+3.82	5 / 32	Q1
2Y	+8.09%	+6.85%	+1.25	13 / 31	Q2
3Y	+20.66%	+20.47%	+0.19	15 / 31	Q2
4Y	+19.45%	+19.91%	-0.46	15 / 25	Q3
5Y	+17.39%	+17.75%	-0.36	15 / 24	Q3
7Y	+22.56%	+19.64%	+2.92	3 / 22	Q1
10Y	—	—	—	—	—
Inception	+23.12%	+18.51%	+4.61	4 / 34	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	-0.93%	+0.48%	-1.41	23 / 33
2025	+9.79%	+2.51%	+7.28	2 / 31
2024	+20.15%	+29.88%	-9.73	28 / 31
2023	+36.31%	+38.88%	-2.57	19 / 30
2022	+6.18%	+4.09%	+2.10	8 / 24
2021	+48.86%	+45.26%	+3.59	9 / 23
2020	+25.69%	+24.48%	+1.22	9 / 22
2019	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+28.22%

72 windows

min -2.9% · max 104.7%

96% positive

3-Year rolling

+24.95%

47 windows

min 13.6% · max 38.0%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+26.08%

23 windows

min 17.1% · max 31.6%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

16.99%

3-year · annualised

Sharpe ratio

0.82

vs risk-free 6.5%

Sortino ratio

1.30

Downside-only deviation

Max drawdown

-22.54%

Oct 2024 → Feb 2025

% positive months

77.8%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Mid Cap Fund

Scheme	Fund house	NAV	As of
HDFC Mid Cap Fund - Growth Option - Direct Plan	HDFC	₹219.0770	3 Jun 2026
NIPPON INDIA GROWTH MID CAP FUND - DIRECT Plan - IDCW Option	Nippon India	₹184.7203	3 Jun 2026
SBI MIDCAP FUND - DIRECT PLAN - GROWTH	SBI	₹261.4456	3 Jun 2026
ICICI Prudential MidCap Fund - Direct Plan - Growth	ICICI Prudential	₹374.7000	3 Jun 2026
Invesco India Midcap Fund - Direct Plan - Growth Option	Invesco	₹220.3000	3 Jun 2026
BANDHAN MIDCAP FUND - GROWTH - DIRECT PLAN	Bandhan	₹18.8500	3 Jun 2026
quant Mid Cap Fund - Growth Option - Direct Plan	Quant	₹245.6593	3 Jun 2026
Aditya Birla Sun Life Midcap Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹896.8300	3 Jun 2026
Motilal Oswal Midcap Fund-Direct Plan-Growth Option	Motilal Oswal	₹104.1164	3 Jun 2026
Franklin India Mid Cap Fund - Direct - Growth	Franklin India	₹3,000.7955	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹40.9750
2 Jun 2026	₹41.2050
1 Jun 2026	₹41.1150
29 May 2026	₹41.5220
27 May 2026	₹42.0820
26 May 2026	₹42.0210
25 May 2026	₹41.9430
22 May 2026	₹41.6200
21 May 2026	₹41.5120
20 May 2026	₹41.4350

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of Mirae Asset Midcap Fund- Direct Growth Option is ₹40.9750. It's a Mid Cap Fund from Mirae Asset, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Mirae Asset Midcap Fund- Direct Growth Option has NAV history starting from 30 Jul 2019, a track record of about 6 years 10 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Mirae Asset Midcap Fund- Direct Growth Option is managed by Mirae Asset. It's classified by AMFI under the 'Mid Cap Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mirae Asset Midcap Fund- Direct Growth Option has delivered a absolute return of 9.86% — +3.82 pp ahead of the Mid Cap Fund category average of 6.03%. The fund ranks #5 of 32 in its category — the top (Q1) quartile.

Over the trailing 3-year window, Mirae Asset Midcap Fund- Direct Growth Option has delivered a CAGR of 20.66% — +0.19 pp ahead of the Mid Cap Fund category average of 20.47%. The fund ranks #15 of 31 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Mirae Asset Midcap Fund- Direct Growth Option has delivered a CAGR of 17.39% — -0.36 pp behind the Mid Cap Fund category average of 17.75%. The fund ranks #15 of 24 in its category — the third (Q3) quartile.

₹1 lakh invested in Mirae Asset Midcap Fund- Direct Growth Option exactly 5 years ago would be worth approximately ₹222,886 today — a multiplier of 2.23×, based on the 5-year CAGR of 17.39%. The category average over the same window would have grown ₹1 lakh to ₹226,318.

A ₹10,000 monthly SIP in Mirae Asset Midcap Fund- Direct Growth Option over the last 5 years — total invested ₹600,000 — would be worth ₹894,409 today. That's an XIRR (money-weighted annualised return) of 15.96%.

Mirae Asset Midcap Fund- Direct Growth Option doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹894,409 — XIRR 15.96%.

On a 5-year basis, Mirae Asset Midcap Fund- Direct Growth Option ranks #15 out of 24 funds in the Mid Cap Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 17.75%; this fund delivered 17.39%.

The worst peak-to-trough decline Mirae Asset Midcap Fund- Direct Growth Option has experienced over the last 5-year window is 22.54% — its NAV fell from a high on 01 Oct 2024 to a low on 28 Feb 2025. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Mirae Asset Midcap Fund- Direct Growth Option averaged 26.08% (best 31.57%, worst 17.12%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.69 — reasonable risk-adjusted performance.

In calendar year 2025, Mirae Asset Midcap Fund- Direct Growth Option returned 9.79% — beating the Mid Cap Fund category average of 2.51% by 7.28 pp. It ranked #2 of 31 in its category that year.

Mirae Asset Midcap Fund- Direct Growth Option is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. Mirae Asset Midcap Fund- Direct Growth Option is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 22.5%. 5-year CAGR: 17.39%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.