Mirae Asset Small Cap Fund Direct Growth closed at a net asset value of ₹13.12 on 3 September 2026, marking a 0.75% rise on the day. The small-cap mutual fund has delivered a one-year return of 13.90%, according to data reported by 5paisa.
The fund, managed by Mirae Asset Investment Managers, is structured as a direct-growth plan — meaning investors buy units directly from the asset management company without distributor intermediation, and returns are reinvested rather than paid out as dividends. This structure typically results in a lower expense ratio compared with the regular plan of the same scheme.
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Small-cap funds invest predominantly in companies ranked beyond the top 250 by market capitalisation on Indian exchanges. They are generally considered higher-risk, higher-reward instruments, with returns subject to greater volatility than large-cap or multi-cap peers. The 13.90% one-year return places the fund's recent performance in a context where Indian small-cap indices have seen mixed momentum amid broader market fluctuations.
The reported NAV of ₹13.12 reflects the per-unit market value of the fund's underlying portfolio as of the close of trading on 3 September 2026. NAV movements are driven by the daily price changes of the fund's constituent holdings, which typically include a basket of small-cap equities across sectors. The 0.75% single-day gain indicates a broadly positive session for the fund's holdings.
Investors can access the Mirae Asset Small Cap Fund through systematic investment plans or lump-sum purchases, subject to the scheme's minimum investment threshold. The fund's holdings, overall corpus size, and minimum investment details were referenced in the original 5paisa report, though specific figures for those metrics were not disclosed in the publicly available summary.
