Mirae Asset Focused Fund Direct Growth

Mirae Asset Focused Fund Direct Growth

NAV as on 02-04-2025

₹ 25.29

-1%

1D

Inception Returns

16.9%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
1485 people have invested ₹ 1.4Cr in Mirae Asset Focused Fund Direct Growth in the last three months

About Mirae Asset Focused Fund Direct Growth

Mirae Asset Focused Fund Direct Growth is an equity fund. This fund was started on 14 May, 2019. The fund is managed by Gaurav Misra. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mirae Asset Focused Fund Direct Growth has ₹7105 Cr worth of assets under management (AUM) as on Feb 2025 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Mirae Asset Focused Fund Direct Growth has given a CAGR return of 16.88% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.21%, 7.48% and 24.59% respectively.

Holdings

Mirae Asset Focused Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Industrial, Basic Materials, Health, Communication, Real Estate, Utilities. Its top holdings are HDFC Bank Ltd, Infosys Ltd, ICICI Bank Ltd, Axis Bank Ltd, Sapphire Foods India Ltd

Taxation

As it is a focused fund mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Mirae Asset Focused Fund Direct Growth

To generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies. There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Focused Fund Direct Growth has no lock in period.

Mirae Asset Focused Fund Direct Growth Overview

Expense ratio0.61%
Benchmark
S&P BSE 500 India TR INR
AUM₹7105 Cr
Inception Date14 May, 2019
Min Lumpsum/SIP₹5000/₹99
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
16.35%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

INDmoney Rank for Mirae Asset Focused Fund Direct Growth

Powered by IND quant engine
14
/19
37% Performance
40% Risk Management
94% Cost
14 out of 19 among focused fund
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3Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y
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Underperforms benchmarks during bull run

Trailing Returns

as on (02-Apr-25)

Period
Mirae Asset Focused Fund Direct Growth
Nifty 500
focused fund
1M
4.1%
7%
4.4%
3M
-9.2%
-6.8%
-8.6%
6M
-12.4%
-12.4%
-14.1%
1Y
6.2%
3.4%
3.7%
3Y
7.5%
12.1%
12.6%
5Y
24.6%
25.8%
24.5%

Fund Distribution

as on (28-Feb-25)

  • Equity 97.3%

  • Debt & Cash 2.7%

Large cap
41.4%

Mid cap
28.3%

Small cap
27.6%

Sector Allocation

Feb'25

Jan'25

Dec'24

Financial Services
28.8%
Consumer Cyclical
22.7%
Tech
18.2%
Industrial
8.5%
Basic Materials
8.1%
Health
5.2%
Communication
4.3%
Real Estate
2.2%
Utilities
2%
All changes are between Dec'24 and Feb'25
Dec'24
Fund Returns
-0.53%
Nifty 500
-2.02%
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 7.1K Cr
₹ 7.7K Cr
₹ 8.2K Cr
  • AUM of the fund stands at 7.1K Cr as of Feb'25
  • AUM decreased by 559 Cr between Feb'25 and Jan'25
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 9.42% to 10.36%
HDFC Bank Ltd's allocation increased from 9.42% to 10.36%
Zomato Ltd's allocation increased from 2.39% to 3.02%
Zomato Ltd's allocation increased from 2.39% to 3.02%
Sapphire Foods India Ltd's allocation increased from 3.78% to 4.37%
Sapphire Foods India Ltd's allocation increased from 3.78% to 4.37%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 8.9 % to 8.57 %
Infosys Ltd's allocation decreased from 8.9 % to 8.57 %
One97 Communications Ltd's allocation decreased from 4.19 % to 4.17 %
One97 Communications Ltd's allocation decreased from 4.19 % to 4.17 %
SKF India Ltd's allocation decreased from 3.33 % to 3.3 %
SKF India Ltd's allocation decreased from 3.33 % to 3.3 %
Small Cap allocation has gone down from 27.6% to 27.6%
Small Cap allocation has gone down from 27.6% to 27.6%
Mid Cap allocation has gone down from 29.4% to 28.3%
Mid Cap allocation has gone down from 29.4% to 28.3%
Large Cap allocation has gone up from 39.1% to 41.4%
Large Cap allocation has gone up from 39.1% to 41.4%
Cash allocation has gone down from 3.9% to 2.7%
Cash allocation has gone down from 3.9% to 2.7%

Top 3 Sectors in February were Financial Services, Consumer Cyclical & Tech

Feb'25
Financial Services
29%
Consumer Cyclical
23%
Tech
18%
Jan'25
Financial Services
27%
Consumer Cyclical
22%
Tech
19%
  • Gainers

  • Losers

Fund
Feb'25
Jan'25
Dec'24
No of Holdings
32
32
33
Top 5 Company Concentration
36.3%
34.7%
34.8%
Company having highest exposure
HDFC Bank Ltd (10.4%)
HDFC Bank Ltd (9.4%)
HDFC Bank Ltd (9.2%)
No of Sectors
9
9
9
Top 5 Sectors Concentration
86.3%
86.3%
86.5%
Sector having highest exposure
Financial Services (28.8%)
Financial Services (27.4%)
Financial Services (28.6%)
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Gaurav Misra
Gaurav Misra
Fund Manager of Mirae Asset Focused Fund Direct Growth, since 14 May 2019
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.8L Cr
as on 28-Feb-2025
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Website
customercare@miraeasset.com

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (focused fund). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.3%.
Insights icon
In the last 5 years, HDFC Focused 30 Fund -Direct Plan - Growth Option has given 34.42% return, outperforming this fund by 9.83% per annum.
Insights icon
In the last 3 years, HDFC Focused 30 Fund -Direct Plan - Growth Option has given 23.27% return, outperforming this fund by 15.79% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 15.6% drop in AUM moving from 8.41K Cr to 7.10K Cr.
Insights icon
Over the last 1 month, this fund has increased expense ratio by 8.9% moving from 0.56 to 0.61.
Insights icon
In the last 1 year, DSP Focus Fund Direct Plan Growth has given 15.17% return, outperforming this fund by 8.96%.

Mirae Asset Focused Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.88% since inception which is more than its category average return of 14.71%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.29% in Equity, 0% in Debt and 2.71% in Cash related instruments
AUM size ₹7105 Cr

AUM size ₹7105 Cr

This fund has AUM of ₹7105 Cr which is more than its category average of ₹ 4754 Cr
Expense Ratio 0.61%

Expense Ratio 0.61%

This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.45%
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Frequently Asked Questions for Mirae Asset Focused Fund Direct Growth

The current NAV of Mirae Asset Focused Fund Direct Growth is ₹25.29 as on 02-Apr-2025.
Existing (Absolute + CAGR) as on 02-Apr-2025.
Mirae Asset Focused Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.08%
4.08%
6 Month Returns
-12.42%
-12.42%
1 Year Returns
6.21%
6.21%
3 Years Returns
24.16%
7.48%
5 Years Returns
200.2%
24.59%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.61% as on March 2025
₹7105 Cr as on March 2025
HDFC Bank Ltd(10.36%), Infosys Ltd(8.57%), ICICI Bank Ltd(7.56%), Axis Bank Ltd(5.44%), Sapphire Foods India Ltd(4.37%) as on March 2025
Financial Services(28.04%), Consumer Cyclical(22.1%), Tech(17.73%) as on March 2025
The alpha ratio for the Mirae Asset Focused Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Focused Fund Direct Growth
1.92
-3.92
0.09
As on March 2025
The alpha for Mirae Asset Focused Fund Direct Growth is calculated against S&P BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mirae Asset Focused Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Focused Fund Direct Growth
0.89
0.81
0.9
As on March 2025
The Beta for Mirae Asset Focused Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mirae Asset Focused Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Mirae Asset Focused Fund Direct Growth
0.16
0.18
1.16
As on March 2025
The sharpe ratio for Mirae Asset Focused Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mirae Asset Focused Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Mirae Asset Focused Fund Direct Growth
15.74
12.85
15.08
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 0.27 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Gaurav Misra is the fund manager of Mirae Asset Focused Fund Direct Growth
The Exit load of Mirae Asset Focused Fund Direct Growth is 1%