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: 17.23%.

Mirae Asset

Mirae Asset Midcap Fund- Direct Growth Option

Latest NAV

₹43.6690

As of

17 Jul 2026

1,715 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	-0.23%	-0.23%	0.00	17 / 34	Q2
1W	-0.38%	-0.54%	+0.15	12 / 34	Q2
2W	+1.00%	+0.58%	+0.42	9 / 34	Q2
1M	+4.36%	+1.91%	+2.45	2 / 34	Q1
3M	+8.32%	+6.18%	+2.14	7 / 34	Q1
6M	+6.87%	+7.27%	-0.40	19 / 33	Q3
YTD	+4.99%	+5.24%	-0.24	18 / 33	Q3
1Y	+9.48%	+6.21%	+3.27	6 / 33	Q1
2Y	+6.76%	+4.78%	+1.97	8 / 31	Q2
3Y	+19.45%	+19.66%	-0.22	18 / 31	Q3
4Y	+20.27%	+20.58%	-0.31	16 / 27	Q3
5Y	+17.23%	+17.15%	+0.08	12 / 24	Q2
7Y	+23.58%	+21.56%	+2.02	8 / 22	Q2
10Y	—	—	—	—	—
Inception	+23.69%	+19.25%	+4.45	6 / 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	+4.99%	+5.24%	-0.24	18 / 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

+28.72%

73 windows

min -0.9% · max 95.5%

97% positive

3-Year rolling

+25.47%

49 windows

min 16.7% · max 40.1%

100% positive

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

5-Year rolling

+25.98%

25 windows

min 17.2% · max 34.2%

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

16.50%

3-year · annualised

Sharpe ratio

0.77

vs risk-free 6.5%

Sortino ratio

1.24

Downside-only deviation

Max drawdown

-22.54%

Oct 2024 → Feb 2025

% positive months

63.9%

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	₹229.2790	17 Jul 2026
NIPPON INDIA GROWTH MID CAP FUND - DIRECT Plan - IDCW Option	Nippon India	₹191.8428	17 Jul 2026
SBI MIDCAP FUND - DIRECT PLAN - GROWTH	SBI	₹274.8819	17 Jul 2026
ICICI Prudential MidCap Fund - Direct Plan - Growth	ICICI Prudential	₹379.8000	17 Jul 2026
Invesco India Midcap Fund - Direct Plan - Growth Option	Invesco	₹240.7600	17 Jul 2026
BANDHAN MIDCAP FUND - GROWTH - DIRECT PLAN	Bandhan	₹19.7200	17 Jul 2026
quant Mid Cap Fund - Growth Option - Direct Plan	Quant	₹254.1999	17 Jul 2026
Aditya Birla Sun Life Midcap Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹943.0600	17 Jul 2026
Motilal Oswal Midcap Fund-Direct Plan-Growth Option	Motilal Oswal	₹114.4178	17 Jul 2026
Franklin India Mid Cap Fund - Direct - Growth	Franklin India	₹3,195.9391	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹43.6690
16 Jul 2026	₹43.7690
15 Jul 2026	₹43.8580
14 Jul 2026	₹43.6250
13 Jul 2026	₹43.9010
10 Jul 2026	₹43.8360
9 Jul 2026	₹43.2610
8 Jul 2026	₹42.6540
7 Jul 2026	₹43.4000
6 Jul 2026	₹43.4300

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 17 Jul 2026, the NAV of Mirae Asset Midcap Fund- Direct Growth Option is ₹43.6690. 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 11 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 9.48% — +3.27 pp ahead of the Mid Cap Fund category average of 6.21%. The fund ranks #6 of 33 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 19.45% — -0.22 pp behind the Mid Cap Fund category average of 19.66%. The fund ranks #18 of 31 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Mirae Asset Midcap Fund- Direct Growth Option has delivered a CAGR of 17.23% — +0.08 pp ahead of the Mid Cap Fund category average of 17.15%. The fund ranks #12 of 24 in its category — the second (Q2) quartile.

₹1 lakh invested in Mirae Asset Midcap Fund- Direct Growth Option exactly 5 years ago would be worth approximately ₹221,411 today — a multiplier of 2.21×, based on the 5-year CAGR of 17.23%. The category average over the same window would have grown ₹1 lakh to ₹220,642.

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 ₹928,959 today. That's an XIRR (money-weighted annualised return) of 17.51%.

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 ₹928,959 — XIRR 17.51%.

On a 5-year basis, Mirae Asset Midcap Fund- Direct Growth Option ranks #12 out of 24 funds in the Mid Cap Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 17.15%; this fund delivered 17.23%.

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 25.98% (best 34.22%, worst 17.23%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.64 — 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: 17.23%.

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