Fundalysisby DARKHORSESTOCKS

Scheme

Mirae Asset Multicap Fund

Holds 82 companies worth ₹5,352 Cr in Sept 2026.

  • Fund house

    MiraeThe fund house that runs this scheme.

  • AUM

    ₹5,379 CrMirae Asset Multicap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.3% on Aug 2026, ₹5,619 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 5.5% of this scheme's NAV.

  • Fund manager

    Ankit JainRuns it since 21 Aug 2023, as the fund house dates it.

Overview(4 Oct 2026)

Fund managers1

  1. Ankit JainFund manager · Aug 2023 · 14y · MBA B.Tech

    Key facts

    Benchmark
    NIFTY 500 Multicap 50:25:25 TRI
    Risk
    Very High
    Expense
    Regular 2.25% · Direct 0.87%
    Exit load
    1% within 1 year
    Started
    21 Aug 2023
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 4 Oct 2026 at AMFI.

    What changed(14 changes)

    Oct 2026

    1 change
    1. Expense ratio
      4 OctRegular 2.23% → 2.25%Direct 0.82% → 0.87%

    Jul 2026

    1 change
    1. Expense ratio
      29 JulRegular 1.84% → 2.23%Direct 0.39% → 0.82%

    Mar 2026

    1 change
    1. Expense ratio
      20 MarRegular 1.83% → 1.84%

    Source.Its filings at NSE, since Sept 2024.

    Fund managers over time(Aug 2023 – now)

    1. Ankit Jain
    MainCoSlice202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Sept 2024 – Oct 2026)

    Every change to the expense ratio, newest first.
    15 changesRegularDirectΔ pt
    4 Oct 20262.25%0.87%0.05
    29 Jul 20262.23%0.82%0.43
    20 Mar 20261.84%0.39%0
    23 Feb 20261.83%0.39%0.02
    29 Jan 20261.83%0.41%0
    30 Nov 20251.84%0.41%0
    22 Sept 20251.85%0.41%0.01
    24 Jun 20251.86%0.42%0
    21 Apr 20251.88%0.42%0.03
    19 Mar 20251.90%0.45%0.01
    27 Feb 20251.90%0.46%0.03
    19 Nov 20241.88%0.43%0.01
    17 Oct 20241.88%0.42%0.02
    17 Sept 20241.88%0.40%0.02
    2 Sept 20241.88%0.38%–
    Direct plan, 4 Oct 2026
    0.87%
    Regular plan 2.25% · Exit load 1% within 1 year
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(4 Oct 2026)

    Objective

    The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of large cap, mid cap and small cap companies/Entities. There is no assurance that the investment objective of the Scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open-ended equity scheme investing across large cap, mid cap and small cap stocks
    Benchmark
    NIFTY 500 Multicap 50:25:25 TRI

    Asset allocation it may hold% of NAV

    1. *Equity and Equity related instruments including equity linked derivatives in the following manner
      Allowed75–100%Holds99.5%
    2. Large Cap Companies/Entities
      Allowed25–50%
    3. Mid Cap Companies/Entities
      Allowed25–50%
    4. Small Cap Companies/Entities
      Allowed25–50%
    5. Money market instruments and other liquid instruments^/ Units issued by InVITs/Units of Domestic Mutual Fund@
      Allowed0–20%

    Holds in Sept 2026.99.5% equity · 0.5% debt and cash

    How to invest(4 Oct 2026)

    Buying

    To start
    ₹5,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    Most
    Any Amount
    Systematic
    SIP - Monthly / Quarterly SWP - Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
    Dates
    SIP - Except 29,30 and 31 all dates SWP - 1, 10, 15, 21 and 28 STP - Daily, Weekly only Wednesday, Fortnightly - alternate Wednesday, Monthly
    Minimum
    ₹500, then in multiples of ₹1
    Instalments
    5

    Selling and switching

    To redeem
    ₹1 or Any Units units
    Switch minimum
    ₹5,000
    Switch multiples
    ₹1
    Switch most
    Any Amount or Any Units units

    Scheme details(4 Oct 2026)

    What it is

    Category
    Multi Cap Fund
    Offer
    28 Jul 2023 to 11 Aug 2023
    Started
    21 Aug 2023
    Reopened
    22 Aug 2023
    Plans
    Direct Plan Growth · Direct Plan IDCW - Payout · Direct PlanIDCW - Reinvestment · Regular Plan Growth · Regular PlanIDCW - Payout · Regular PlanIDCW - Reinvestment
    Face value
    ₹10
    Listed
    No

    How it is run

    Side-pocketing
    .
    Custodian
    M/s. Deutsche Bank AG, Mumbai
    Auditor
    M/s.Chokshi & Chokshi, Chartered Accountants
    Registrar
    KFIN Technologies Limited
    SEBI code
    MIRA/O/E/MCF/23/01/0052