The Mirae Asset Small Cap Fund focuses predominantly on small‑cap stocks to generate capital appreciation and is managed by a dedicated small‑cap team. With AUM around ₹2,020 crore and expense ratio ~1.93% (Regular Plan), it holds ~50.7% in small‑cap stocks and ~7.1% large‑cap, ~7.6% mid‑cap as of 2025. The scheme falls under the Small‑Cap equity category where 5‑year CAGR averages ~16‑18%. Early returns show strong performance but higher volatility given small‑cap risks. Suitable for investors with high risk‑tolerance and multi‑year investment horizon (5+ yrs).