Mirae Asset Small Cap Fund
Mirae Asset Mutual Fund·Small Cap Fund·vs Nifty Smallcap 250 TRI
The manager is rotating toward mid-tier industrial and financial names with solid profitability over mega-cap heavyweights, signaling conviction in cyclical recovery plays. The addition of specialized equipment makers like Voltamp Transformers and Coromandel alongside exits from SBI and Bajaj Finance suggests a tactical pivot toward smaller, underrated franchises with valuation appeal. With industrial products and finance collectively representing over 23% of the portfolio, the fund is positioned for an economic upswing rather than defensive positioning.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹11.6660 | — | — | — | — | — | — |
| Regular Growth | ₹11.4300 | +3.51% | +1.24% | -2.81% | +8.84% | — | — |
| Direct IDCW | ₹11.6660 | — | — | — | — | — | — |
| Regular IDCW | ₹11.4330 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
79
Top 5 Weight
13.41%
Top 10 Weight
23.94%
Active Share
—
Large Cap
8.23%
Gini
0.283
What Changed2026-03-31 → 2026-04-30
Holdings: 81 → 81+4 added−4 removed49 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Voltamp Transformers Ltd. | 2.03% |
| Coromandel International Ltd. | 1.60% |
| Elgi Equipments Ltd. | 1.23% |
| The Phoenix Mills Ltd. | 0.83% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS | 3.43% |
| 2 | Welspun Corp Ltd. INE191B01025 | 2.96% |
| 3 | Karur Vysya Bank Ltd. INE036D01028 | 2.73% |
| 4 | Cholamandalam Financial Holdings Ltd. INE149A01033 | 2.68% |
| 5 | Kirloskar Oil Engines Ltd. INE146L01010 | 2.66% |
| 6 | Godawari Power & Ispat Ltd. INE177H01039 | 2.38% |
| 7 | Anthem Biosciences Ltd. INE0CZ201020 | 2.34% |
| 8 | Krishna Institute of Medical Sciences Ltd. INE967H01025 | 2.09% |
| 9 | CRISIL Ltd. INE007A01025 | 2.05% |
| 10 | Voltamp Transformers Ltd. INE540H01012 | 2.03% |
| 11 | Tenneco Clean Air India Ltd. INE19RI01016 | 2.02% |
| 12 | Multi Commodity Exchange of India Ltd. INE745G01043 | 1.94% |
| 13 | DCB Bank Ltd. INE503A01015 | 1.93% |
| 14 | Dr. Lal Path labs Ltd. INE600L01024 | 1.91% |
| 15 | Central Depository Services (I) Ltd. INE736A01011 | 1.89% |
| 16 | Neuland Laboratories Ltd. INE794A01010 | 1.84% |
| 17 | JK Cement Ltd. INE823G01014 | 1.82% |
| 18 | Home First Finance Company India Ltd. INE481N01025 | 1.82% |
| 19 | Kfin Technologies Ltd. INE138Y01010 | 1.70% |
| 20 | Atul Ltd. INE100A01010 | 1.69% |
Sector Allocation
Industrial Products12.9%
Finance11.3%
Pharmaceuticals & Biotechnology8.7%
Capital Markets8.4%
Electrical Equipment6.5%
Banks6.1%
Healthcare Services5.6%
Consumer Durables5.1%
Auto Components4.4%
Chemicals & Petrochemicals3.8%
Top 10 sectors by % to NAV. Excludes derivatives.