Mirae Asset Midcap Fund
The fund maintains a balanced midcap approach with a defensive tilt toward pharmaceuticals and financials, positioning for steady earnings amid market volatility. The manager's recent rotation—trimming cyclical plays like Cummins and biotech-adjacent Syngene while adding infrastructure-linked names like HAL and Polycab—suggests conviction in consumption and capital expenditure-driven themes. A 17% top-5 concentration and minimal cash signal selective stock-picking confidence rather than defensive positioning.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹41.0920 | — | — | — | — |
| Regular Growth | ₹37.6550 | +2.91% | +10.64% | +20.30% | +17.61% |
| Direct IDCW | ₹27.0050 | — | — | — | — |
| Regular IDCW | ₹24.5910 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Polycab India Ltd. | 0.75% |
| Lodha Developers Ltd. | 0.71% |
| Hindustan Aeronautics Ltd. | 0.66% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | IndusInd Bank Ltd. INE095A01012 | 3.74% |
| 2 | Bharat Forge Ltd. INE465A01025 | 3.49% |
| 3 | Lupin Ltd. INE326A01037 | 3.47% |
| 4 | Steel Authority of India Ltd. INE114A01011 | 3.15% |
| 5 | Delhivery Ltd. INE148O01028 | 3.12% |
| 6 | Laurus Labs Ltd. INE947Q01028 | 2.88% |
| 7 | Bharat Heavy Electricals Ltd. INE257A01026 | 2.82% |
| 8 | Tata Communications Ltd. INE151A01013 | 2.72% |
| 9 | The Federal Bank Ltd. INE171A01029 | 2.63% |
| 10 | PB Fintech Ltd. INE417T01026 | 2.57% |
| 11 | Dalmia Bharat Ltd. INE00R701025 | 2.57% |
| 12 | Oracle Financial Services Software Ltd. INE881D01027 | 2.47% |
| 13 | Swiggy Ltd. INE00H001014 | 2.37% |
| 14 | Hero MotoCorp Ltd. INE158A01026 | 2.30% |
| 15 | HDB Financial Services Ltd. INE756I01012 | 2.30% |
| 16 | FSN E-Commerce Ventures Ltd. INE388Y01029 | 2.29% |
| 17 | Prestige Estates Projects Ltd. INE811K01011 | 2.29% |
| 18 | Dixon Technologies (India) Ltd. INE935N01020 | 2.16% |
| 19 | PI Industries Ltd. INE603J01030 | 1.97% |
| 20 | L&T Finance Ltd. INE498L01015 | 1.97% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mirae Asset Midcap Fund hold?
Mirae Asset Midcap Fund holds 66 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 16.97% of NAV.
What is the largest holding in Mirae Asset Midcap Fund?
The largest position in Mirae Asset Midcap Fund is IndusInd Bank Ltd., accounting for 3.74% of NAV in the Banks sector.
Is Mirae Asset Midcap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.357, Mirae Asset Midcap Fund is well-diversified. The HHI concentration index is 20,374 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 16.97% of the portfolio.
What is the market cap allocation of Mirae Asset Midcap Fund?
Based on SEBI's AMFI classification, Mirae Asset Midcap Fund's equity portfolio is split as: Large Cap: 9.90%, Mid Cap: 69.80%, Small Cap: 16.25%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mirae Asset Midcap Fund invest in most?
Mirae Asset Midcap Fund has the highest allocation to Pharmaceuticals & Biotechnology (9.66%), Banks (7.77%), Auto Components (6.96%). The fund is invested across 30 sectors in total.
How actively managed is Mirae Asset Midcap Fund compared to other Mid Cap Fund funds?
Mirae Asset Midcap Fund has an Active Share of 71.66%, classifying it as "Highly Differentiated" among 30 Mid Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Mirae Asset Midcap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mirae Asset Midcap Fund added 3 new stocks (including Polycab India Ltd.) and exited 2 stocks (including Cummins India Ltd.). Total holding count increased from 67 to 68 stocks.