Mirae Asset Midcap Fund
Mirae Asset Mutual Fund·Mid Cap Fund·vs Nifty Midcap 150 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹40.6430 | — | — | — | — | — | — |
| Regular Growth | ₹37.2450 | +4.73% | +0.15% | -2.29% | +11.16% | +20.15% | +17.35% |
| Direct IDCW | ₹26.7100 | — | — | — | — | — | — |
| Regular IDCW | ₹24.3230 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
66
Top 5 Weight
16.97%
Top 10 Weight
30.58%
Active Share
—
Large Cap
9.90%
Gini
0.357
What Changed2026-03-31 → 2026-04-30
Holdings: 67 → 68+3 added−2 removed39 weight shifts ≥ 0.1%
| 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
Pharmaceuticals & Biotechnology9.7%
Banks7.8%
Auto Components7.0%
Consumer Durables6.8%
Finance6.0%
Transport Services4.9%
Financial Technology (Fintech)4.7%
Retailing4.7%
Realty4.3%
IT - Software4.0%
Top 10 sectors by % to NAV. Excludes derivatives.