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Mirae Asset Midcap Fund Review - should you invest

Mirae Asset Midcap Fund NFO Review—Should You Invest?

by Holistic Leave a Comment | Filed Under: Mutual Funds

Mirae Asset Mutual Funds has announced its new Midcap Fund scheme and the investors are keeping a keen eye on it.

The Mirae Asset Midcap Fund’s New Fund Offer period begins on July 08, 2019. From NFO unit price of ₹10 to having an objective of providing long-term capital appreciation, the Mirae Asset Midcap Fund looks promising for every investor out there.

We shall see what are Midcap funds—followed by the features of Mirae Asset Mutual Fund in detail below.

What Are Midcap Funds?

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Midcap funds are a type of mutual funds in which the investments are made in small-medium sized companies.

Even though there is no established standard, typically midcap funds invest predominantly in medium-sized companies.These companies are the ones that have a market capitalization value of over and above ₹5000 crores. This is in contrast with the small-cap funds and large-cap funds which invest in companies with a capitalization value of below ₹5000 crores and above ₹20000 crores respectively.

Midcap Funds: Pros & Cons

The Pro: Since the Midcap funds focus on the medium-sized companies, they have the attractive prospect of developing into a large-sized company. This means there is a prospect for a greater appreciation on investments in mid-cap funds compared to the large-cap funds.

The Mirae Asset Midcap Fund should not be an exception from this spectacular potential of the midcap funds to grow exponentially.

The Con: However, these medium-sized companies also carry affinity to the market risks than a large size company. Hence along with the potential to grow exponentially, the midcap funds are more vulnerable to the market volatility simultaneously.

MidCap Funds vs. Large-Cap Funds: What Should Be Your Choice?

As we have seen, Midcap funds have sufficient room for exponential and vigorous growth. On the other hand, relatively, the large-cap funds do not have much potential to grow than what it already is.

In contrast, the large-cap funds are less susceptible to the market risks compared to the midcap funds.

Hence, if your portfolio is conservative with only large-cap funds and can afford risky yet aggressive wealth creation investing in midcap funds shouldn’t be a worry.

Mirae Asset Midcap Fund: Features

The Mirae Asset Midcap Fund packs quite good features to provide long-term capital appreciation and flexibility for the investors. Let’s have a quick glance at the features of Mirae Asset Midcap Fund.

Fund Type:

    Open Ended Equity Midcap Fund

NFO Period:

    July 08, 2019 – July 22, 2019

Face Value:

    ₹10/Unit (During NFO period)

Investment Options

Lumpsum

Minimum Lumpsum Amount
Initial Application ₹5000
Additional Application ₹1000

Systematic Investment Plan (SIP)

Minimum SIP Transfers & Amount
Minimum No. of Transfers 5
Minimum Amount Per Transfer ₹1000

Payout Options

    1. Cumulative Growth Option
    2. Dividend Option

    • Dividend Payout
    • Dividend Reinvestment

Exit Load

If the investment is redeemed within 1 year, from the date of allotment. 1%
Exit load on redemption of investment after 1 year, from the date of allotment. Nil

Benchmark for Mirae Asset Midcap Fund:

    NIFTY Midcap 100 Index (TRI)

Risk Factor:

    Moderately High Risk

These are the specifications of the Mirae Asset Midcap Fund mentioned on the wrapper of the scheme. But this Midcap Mutual Fund scheme has other things going on under.

What Does The Mirae Asset Midcap Fund Do?

The Mirae Asset Midcap Fund scheme would allocate a minimum of 65% of assets to equity and equity-related securities of midcap companies. See the table below for detailed asset allocation.
Axis NIfty 100

Asset Allocation

Instrument % Allocation (Min-Max) Risk Level
Equities And Equity Related Securities of Midcap Companies 65%-100% High
Equities And Equity Related Securities Other Than Above 0%-35% High
Money Market Instruments /Debt Instruments /Liquid Schemes of Domestic Mutual Funds 0%-35% Low-Medium

The asset allocation of the Mirae Asset Midcap Fund will comply with the above-mentioned ratio at all the times.

Who Is The Fund Manager for Mirae Asset Midcap Fund?

Mr. Ankit Jain will be the fund manager for this Mirae Asset Midcap Fund.

He will be managing the Mirae Asset Midcap Fund along with the already existing Mirae Asset Emerging Bluechip Fund co-managed by Mr. Neelesh Surana and Mirae Asset Greater Consumer Fund.

Who Can Invest in Mirae Asset Midcap Fund?

  • Resident Indian Adult Individual, Minor though Parent/Guardian,
  • HUF (Hindu Undivided Family)
  • NRIs/PIOs (Persons of Indian Origin)
  • Qualified Foreign Investors subject to conditions of SEBI, RBI, Income Tax Authorities and the AMC.
  • Partnership Firms under Partnership Act, 1932. Limited Liability Partnership (LLP).
  • Religious and Charitable Trusts and Private Trusts authorized to invest under their trust deeds.
  • Scientific and Industrial Research Organizations.
  • Provident/Gratuity/Pension and other funds as permitted.
  • Public Financial Institutions under Companies Act, 1956.
  • Banking Company as defined under Banking Regulation Act, 1949.
  • International Multilateral Agencies approved by RBI.
  • Mutual Funds through their schemes if permitted by SEBI.

How Are The Other Midcap Mutual Funds Performing?

These are the average annualized returns for some of the already existing Midcap Funds.

  • L&T Midcap has a 24.73% CAGR over the last 5 years and 15.15% CAGR over the last 3 years.
  • Kotak Emerging Equity Fund has a 24.16% CAGR over the last 5 years and 12.86% CAGR over the last 3 years.
  • DSP Midcap Fund has a 22.24% CAGR over the last 5 years and 13.39% over the last 3 years.

What Are The Possible Risk Factors in Mirae Asset Midcap Fund?

  • Mirae Assert Midcap Fund has the standard investment risks including liquidity risks, settlement risk trading volumes and loss of principle.
  • The risks of investing in midcap companies are always greater than investing in large-cap companies.
  • The past performances of the fund house do not guarantee the success of this Mirae Asset Midcap Fund.
  • The Mirae Asset Midcap Fund is not an assured return scheme. It also does not guarantee any dividend.
  • The performance of the other schemes managed by the same fund manager is not a promising factor for this Mirae Asset Midcap Fund scheme.
  • Mirae Asset will not be responsible for any loss incurred by the Mirae Asset Midcap Fund scheme.

Should You Invest in Mirae Asset Midcap Fund?

This Mirae Asset Midcap Fund scheme shows the quality and potential to deliver every investor’s wish.

However, the potential to deliver does not guarantee it in any way. Mirae Asset Midcap Fund still carries a high risk, like every other midcap fund scheme.

Even if your portfolio has room for aggressive wealth creation, choosing a midcap fund at the NFO itself is not recommended. You can, however, opt for already existing mid-cap funds that are performing well.

Since this is an open-ended equity scheme—let us be wise and not take the gamble until this Mirae Asset Midcap Fund actually performs.

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Jey S
Jey S
24. September, 2021.
I have been using Holistic Investment Planners for the last three years. Mr. Srinivasavaradhan answered all my questions and doubts very patiently during the first free consultation. I was able to clearly define my short-, medium- and long-term goals once I signed up for the comprehensive plan and got their investment plan suggestion to achieve my goals. They are very polite and highly professional whenever I contact them for any queries or make investments. They never pressurize you to invest on their recommended financial products. I would have been lost money by investing directly without their help since I do not have time and knowledge about different financial products. Risk planning is also done as part of financial planning. Truly, they are holistic planners when it comes to your financial planning. They help you to define your life goals, understand your financial resources and establish a plan to invest towards reaching those goals. They do review your plan as you progress to make sure that you are on correct path to achieve those goals. Kudos to the team and keep up the good work!!! I am happy that I found holistic investment planners for my financial planning and management.
aksaswadkar
aksaswadkar
24. September, 2021.
I was about to retire and really not understanding how to invest money to have financial freedom and fulfilling my goals. Was desperately searching on internet way out and fortunately came across Holistic Investment Planners. I read number of articles on their website and realized that this is the agency which I want and engaged their services for my retirement planning. It is an excellent experience to be associated with Holistic. Right from day one our interaction was fantastic and they gave me such a wonderful plan that I had never imagined. I am fortunate enough to be in the client list of Holistic. I have recommended Holistic to my friends as well.
Lionel Faber
Lionel Faber
16. September, 2021.
I've been availing their services for the past year. They are highly knowledgeable in the field and are very patient with all doubts and queries. Personalized financial planning is provided keeping your short term, medium term and long term goals in mind. They do not pressurize you to purchase schemes of their choice. They provide their input and suggestions and leave the decision up to you which shows their honesty and high principle.
Sridhar
Sridhar
8. September, 2021.
Financial planning brings peace in life. Holistic Investment have supported in arriving financial plan based on future goals. My investments are regular since then. They are professionals in their business, will recommend others.
Nitesh Agrawal
Nitesh Agrawal
6. September, 2021.
I have been using Holistic Investment Planners from last one year. The journey has been fantastic. Being a finance person myself I always thought we can look after and plan own finances also. However, due to lack of time and deciplain the things are not always as desired. After joining with Holistic Investment for the first time Icame to know the Financial goals and quantified them. Some dreams were unrealistic based on the earnings and savings so had a reality check. Also got the information and deciplain of investing on regular and more rewarding securities. I definetly suggest to use Holistic Investment Planners. They are professionals, available and hear youor full story before presenting plans. They are flexile in the sense if there are some urgent deviations required, they help to plan the same. For all professionals/individuals I would suggest using professional help of Holistic Investment Planners for best results in long term investment and financial goals achivements. Last advise will be to start early in your life. It really pays well to start in the beginning itself else the dreams needs to adjust :)
Swetha Vasanth
Swetha Vasanth
6. September, 2021.
This is my first year service with the Holistic Team and I would say that they are very much helpful in creating a financial plan and follow ups during the year. I would definitely suggest them if anyone who is willing to proceed with their savings professionally.
Joseph Mathias
Joseph Mathias
6. September, 2021.
I came to know about Holistic Investment Planners online while searching for different investment ideas. Once I contacted them the journey was very smooth. Mr. Ramalingam explained all the aspects of Financial planning in detail and it opened my mind. I realized how important it is to have a Financial planning. Mr. Rajan suggested all the requirements as per my goals and made a Investment plan keeping in mind of my goals. I started my Investment journey with them. I wish I had done it some years back then it would have been in a different level. Review meetings were held every six month to check the implementation of the plan and check the results as per the requirements and to check if any changes required. Overall it was a good experience with Holistic Investment team and would like to continue in the years to come.
Srinvas Kannan
Srinvas Kannan
30. July, 2021.
I came across Holistic investment planners almost 5-6 years back, but I did not have the trust since I had met a few of them who did not sound promising. Then I started investing through a financial advisor of my friend. After 4 years of investing the returns were very low. I was disappointed and started looking for financial advisors when I came across Holistic investment. I had a detailed discussion about my goals and the way they would approach achieving my goal before deciding to switch my investments to them. After a thorough analysis of my then existing portfolios, they suggested new ones and we zeroed-in on 6 schemes/funds where our investment would be split. I am glad I made the decision of switching over and taking Holistic planner's advise, my returns are handsome and I only wish I could have taken their help/advise 5 years back itself. Neverthless, I would like to recommend their services for investment and financial advise if someone is serious about their investments.
Shivaram Andiappan Selvaraj
Shivaram Andiappan Selvaraj
3. July, 2021.
I got a free first time consultation. I got my doubts resolved. They also gave additional advises for investment planning which was also useful.
Nellai B
Nellai B
26. June, 2021.
I have been associated with them for the past three years. They are very professional and polite in answering all our questions. I have complete trust in their suggestions. I strongly recommend for anyone. I am looking forward to have strong and successful association with them.
Google rating score: 4.4 of 5,
based on 61 reviews

Google Reviews

Jey S
Jey S
24. September, 2021.
I have been using Holistic Investment Planners for the last three years. Mr. Srinivasavaradhan answered all my questions and doubts very patiently during the first free consultation. I was able to clearly define my short-, medium- and long-term goals once I signed up for the comprehensive plan and got their investment plan suggestion to achieve my goals. They are very polite and highly professional whenever I contact them for any queries or make investments. They never pressurize you to invest on their recommended financial products. I would have been lost money by investing directly without their help since I do not have time and knowledge about different financial products. Risk planning is also done as part of financial planning. Truly, they are holistic planners when it comes to your financial planning. They help you to define your life goals, understand your financial resources and establish a plan to invest towards reaching those goals. They do review your plan as you progress to make sure that you are on correct path to achieve those goals. Kudos to the team and keep up the good work!!! I am happy that I found holistic investment planners for my financial planning and management.
aksaswadkar
aksaswadkar
24. September, 2021.
I was about to retire and really not understanding how to invest money to have financial freedom and fulfilling my goals. Was desperately searching on internet way out and fortunately came across Holistic Investment Planners. I read number of articles on their website and realized that this is the agency which I want and engaged their services for my retirement planning. It is an excellent experience to be associated with Holistic. Right from day one our interaction was fantastic and they gave me such a wonderful plan that I had never imagined. I am fortunate enough to be in the client list of Holistic. I have recommended Holistic to my friends as well.
Lionel Faber
Lionel Faber
16. September, 2021.
I've been availing their services for the past year. They are highly knowledgeable in the field and are very patient with all doubts and queries. Personalized financial planning is provided keeping your short term, medium term and long term goals in mind. They do not pressurize you to purchase schemes of their choice. They provide their input and suggestions and leave the decision up to you which shows their honesty and high principle.
Sridhar
Sridhar
8. September, 2021.
Financial planning brings peace in life. Holistic Investment have supported in arriving financial plan based on future goals. My investments are regular since then. They are professionals in their business, will recommend others.
Nitesh Agrawal
Nitesh Agrawal
6. September, 2021.
I have been using Holistic Investment Planners from last one year. The journey has been fantastic. Being a finance person myself I always thought we can look after and plan own finances also. However, due to lack of time and deciplain the things are not always as desired. After joining with Holistic Investment for the first time Icame to know the Financial goals and quantified them. Some dreams were unrealistic based on the earnings and savings so had a reality check. Also got the information and deciplain of investing on regular and more rewarding securities. I definetly suggest to use Holistic Investment Planners. They are professionals, available and hear youor full story before presenting plans. They are flexile in the sense if there are some urgent deviations required, they help to plan the same. For all professionals/individuals I would suggest using professional help of Holistic Investment Planners for best results in long term investment and financial goals achivements. Last advise will be to start early in your life. It really pays well to start in the beginning itself else the dreams needs to adjust :)
Swetha Vasanth
Swetha Vasanth
6. September, 2021.
This is my first year service with the Holistic Team and I would say that they are very much helpful in creating a financial plan and follow ups during the year. I would definitely suggest them if anyone who is willing to proceed with their savings professionally.
Joseph Mathias
Joseph Mathias
6. September, 2021.
I came to know about Holistic Investment Planners online while searching for different investment ideas. Once I contacted them the journey was very smooth. Mr. Ramalingam explained all the aspects of Financial planning in detail and it opened my mind. I realized how important it is to have a Financial planning. Mr. Rajan suggested all the requirements as per my goals and made a Investment plan keeping in mind of my goals. I started my Investment journey with them. I wish I had done it some years back then it would have been in a different level. Review meetings were held every six month to check the implementation of the plan and check the results as per the requirements and to check if any changes required. Overall it was a good experience with Holistic Investment team and would like to continue in the years to come.
Srinvas Kannan
Srinvas Kannan
30. July, 2021.
I came across Holistic investment planners almost 5-6 years back, but I did not have the trust since I had met a few of them who did not sound promising. Then I started investing through a financial advisor of my friend. After 4 years of investing the returns were very low. I was disappointed and started looking for financial advisors when I came across Holistic investment. I had a detailed discussion about my goals and the way they would approach achieving my goal before deciding to switch my investments to them. After a thorough analysis of my then existing portfolios, they suggested new ones and we zeroed-in on 6 schemes/funds where our investment would be split. I am glad I made the decision of switching over and taking Holistic planner's advise, my returns are handsome and I only wish I could have taken their help/advise 5 years back itself. Neverthless, I would like to recommend their services for investment and financial advise if someone is serious about their investments.
Shivaram Andiappan Selvaraj
Shivaram Andiappan Selvaraj
3. July, 2021.
I got a free first time consultation. I got my doubts resolved. They also gave additional advises for investment planning which was also useful.
Nellai B
Nellai B
26. June, 2021.
I have been associated with them for the past three years. They are very professional and polite in answering all our questions. I have complete trust in their suggestions. I strongly recommend for anyone. I am looking forward to have strong and successful association with them.
Google rating score: 4.4 of 5,
based on 61 reviews

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