Mirae Asset Midcap Fund NAV Dips to ₹26.47
By Market Desk
Mirae Asset Midcap Fund NAV fell to ₹26.47 on Aug 6, 2026. Explore its performance and investment strategy for mid-cap growth.
The Mirae Asset Midcap Fund Regular IDCW saw its latest Net Asset Value, or NAV (fund share price), drop slightly. On August 6, 2026, the NAV stood at ₹26.47.
This marks a 0.27% decrease from its previous NAV of ₹26.55. The fund, an open-ended equity scheme (a fund investing in stocks), focuses on long-term capital appreciation by mainly investing in Indian mid-cap companies (medium-sized companies).
Key Investment Figures
- Latest NAV (August 6, 2026): ₹26.47
- Previous NAV: ₹26.55
- 52-week high NAV (August 5, 2026): ₹40.63
- 52-week low NAV (March 31, 2026): ₹32.86
- Fund Inception Date: July 29, 2019
- Minimum initial investment: ₹5,000
- Minimum SIP (Systematic Investment Plan) investment: ₹99
- Exit load (fee for early withdrawal): 1%
Mirae Asset Investment Managers (India) Private Limited manages this fund. Ankit Jain, the fund manager, has 5 years of experience and has been managing the fund since October 6, 2016.
Fund Strategy and Portfolio Mix
- Target portfolio size: 67-77 stocks
- Current portfolio weightage in Equity (company ownership shares): 98.38%
- Current portfolio weightage in Others: 1.62%
- Current portfolio weightage in Debt: 0.00%
The fund aims for optimal portfolio construction, though realizing its investment objective is not guaranteed. It can also invest in other Indian equities.
Understanding the Risk Profile
Risk ratios, calculated on daily returns over the last three years, compare the fund’s performance against its category average. These ratios provide insight into its risk-adjusted returns.
- Standard Deviation (how much returns vary): Indicates high volatility.
- Beta (fund’s sensitivity to market): Shows low volatility.
- Sharpe Ratio (return per unit of risk): Indicates better risk-adjusted returns.
- Treynor’s Ratio (excess return per market risk): Also suggests better risk-adjusted returns.
- Jensen’s Alpha (fund’s performance vs. benchmark): Points to better risk-adjusted returns.
Overall, the Mirae Asset Midcap Fund shows strong risk-adjusted returns compared to its peers. It continues its focus on Indian mid-cap companies for long-term capital appreciation.