Scheme

Mirae Asset Small Cap Fund

Holds 85 companies worth ₹5,746 Cr in Sept 2026.

Fund house
MiraeThe fund house that runs this scheme.
AUM
₹5,819 CrMirae Asset Small Cap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 1.8% on Aug 2026, ₹5,717 Cr.
Largest holding
Welspun CorpWelspun Corp is 2.9% of this scheme's NAV.
Fund manager
Varun GoelRuns it since 31 Jan 2025, as the fund house dates it.

Overview^{(4 Oct 2026)}

Fund managers1

Varun GoelFund manager · Jan 2025 · 19y · PGDM B.Tech

Siddharth SrivastavaJan 2025 – Jan 2026

Key facts

Benchmark: Nifty Small Cap 250 Total Return Index
Risk: Very High
Expense: Regular 2.12% · Direct 0.7%
Exit load: Nil
Started: 31 Jan 2025
Minimum: ₹5,000

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

What changed^{(15 changes)}

Oct 2026

1 change

Expense ratio
4 OctRegular 2.17% → 2.12%Direct 0.69% → 0.7%

Jul 2026

1 change

Expense ratio
29 JulRegular 1.86% → 2.17%Direct 0.3% → 0.69%

Mar 2026

1 change

Expense ratio
20 MarRegular 1.87% → 1.86%Direct 0.39% → 0.3%

Source.Its filings at NSE, since Jan 2025.

Fund managers over time^{(Jan 2025 – now)}

MainCoSlice2026

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^{(Jan 2025 – Oct 2026)}

Every change to the expense ratio, newest first.
12 changes	Regular	Direct	Δ pt
4 Oct 2026	2.12%	0.70%	0.01
29 Jul 2026	2.17%	0.69%	0.39
20 Mar 2026	1.86%	0.30%	0.09
23 Feb 2026	1.87%	0.39%	0.04
29 Jan 2026	1.89%	0.43%	0.08
30 Nov 2025	1.89%	0.35%	0
22 Sept 2025	1.93%	0.35%	0.08
24 Jun 2025	2.03%	0.43%	0.02
21 Apr 2025	2.07%	0.41%	0.04
19 Mar 2025	2.11%	0.37%	0.04
27 Feb 2025	2.14%	0.41%	0.16
31 Jan 2025	2.30%	0.57%	–

Direct plan, 4 Oct 2026

0.70%

Regular plan 2.12% · Exit load nil

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 generate capital appreciation by investing predominantly in small cap stocks. From time to time, the fund manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction. 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 predominantly investing in small cap stocks
Benchmark: Nifty Small Cap 250 Total Return Index

Asset allocation it may hold% of NAV

Equity and Equity related securities* of Small cap Companies/Entities
Allowed65–100%Holds98.7%
Equity & Equity Related Securities of Companies/Entities other than above/Money market instruments and other liquid instruments^/ Units issued by InVITs/Units of Domestic Mutual Fund
Allowed0–35%

Holds in Sept 2026.98.7% equity · 1.3% 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: ₹99, 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: Small Cap Fund
Offer: 10 Jan 2025 to 24 Jan 2025
Started: 31 Jan 2025
Reopened: 3 Feb 2025
Plans: Direct Plan Growth · Direct Plan IDCW - Payout · Direct PlanIDCW - Reinvestment · Regular PlanIDCW - Payout · Regular PlanIDCW - Reinvestment · Regular Plan Growth
Face value: ₹10
Listed: No

How it is run

Swing pricing: Yes
Side-pocketing: Enabled.
Custodian: M/s. Deutsche Bank AG, Mumbai
Auditor: M/s. Chokshi & Chokshi Chartered Accountants
Registrar: KFIN Technologies Limited
SEBI code: MIRA/O/D/LON/24/10/0075