Mirae Asset Focused Fund Direct Growth
Equity
Direct
Focused Fund
NAV as on 27-12-2024
₹ 27.73
▲0.2%
1D
Inception Returns
19.9%
/yr
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
- Mirae Asset Focused Fund Direct Growth has ₹8287 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Returns
Mirae Asset Focused Fund Direct Growth has given a CAGR return of 19.89% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 19.29%, 10.56% and 18.31% respectively.
Holdings
Mirae Asset Focused Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Industrial, Basic Materials, Health, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, Infosys Ltd, ICICI Bank Ltd, Axis Bank Ltd, One97 Communications 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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.
Historical NAV & Returns
Annualised
▲
▼
1615 people have invested ₹ 1.6Cr in Mirae Asset Focused Fund Direct Growth in the last three months
INDmoney Rank for Mirae Asset Focused Fund Direct Growth
Powered by IND quant engine
12
/19
32% Performance
41% Risk Management
87% Cost
12 out of 19 among focused fund
Beats FD returns for both 3Y & 5Y
3Y returns in the bottom 25% of the category
Mirae Asset Focused Fund Direct Growth Overview
| Expense ratio | 0.56% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹8287 Cr |
| Inception Date | 14 May, 2019 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 16.35% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (27-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
37.2%
Mid cap
31.3%
Small cap
26%
Sector Allocation
Financial Services
30%
Tech
21.1%
Consumer Cyclical
19.4%
Industrial
8.4%
Basic Materials
7.1%
Health
5.5%
Communication
4%
Utilities
2.4%
Real Estate
2.1%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.80% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.40% in Nov'24
- AUM of the fund stands at 8.3K Cr as of Nov'24
- AUM increased by 36.2 Cr between Nov'24 and Oct'24
Top Stocks sold last month
Sapphire Foods India Ltd's allocation decreased from 4.37 % to 3.89 %
Small Cap allocation has gone down from 27.9% to 26%
Mid Cap allocation has gone down from 32.1% to 31.3%
Large Cap allocation has gone up from 37% to 37.2%
Cash allocation has gone up from 3% to 5.5%
Top 3 Sectors in November were Financial Services, Consumer Cyclical & Tech
Nov'24
Financial Services
30%
Tech
21%
Consumer Cyclical
19%
Oct'24
Financial Services
31%
Consumer Cyclical
19%
Tech
19%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.21% | 0% | |
 Infosys Ltd | 8.28% | -2.8% | |
 ICICI Bank Ltd | 7.15% | -2.7% | |
 Axis Bank Ltd | 5.22% | 0% | |
 One97 Communications Ltd | 5.15% | -0.5% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 One 97 Communications Ltd | 9.5% |
 Infosys Ltd | 3.2% |
 HDFC Bank Ltd | 0.3% |
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Gaurav Misra
Fund Manager of Mirae Asset Focused Fund Direct Growth, since 14 May 2019
Top funds managed
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.82L Cr
as on 29-Nov-2024
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
In the last 1 year, Invesco India Focused Fund Direct Growth has given 45.04% return, outperforming this fund by 25.75%.
This fund has one of the lowest expense ratio in the category (focused fund). Its expense ratio is 0.56% which is lower than the category average expense ratio of 1.27%.
Over the last 15 months, this fund has increased expense ratio by 19.1% moving from 0.47 to 0.56.
In the last 3 years, HDFC Focused 30 Fund -Direct Plan - Growth Option has given 26.42% return, outperforming this fund by 15.86% per annum.
In the last 5 years, ICICI Prudential Focused Equity Fund Direct Plan Growth has given 25.64% return, outperforming this fund by 7.33% per annum.
Mirae Asset Focused Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 19.89% since inception which is more than its category average return of 16.95%
Fund Allocations
This fund has an allocation of 94.45% in Equity, 0% in Debt and 5.55% in Cash related instruments
AUM size ₹8287 Cr
This fund has AUM of ₹8287 Cr which is more than its category average of ₹ 4717 Cr
Expense Ratio 0.56%
This fund has an expense ratio of 0.56% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions for Mirae Asset Focused Fund Direct Growth
The current NAV of Mirae Asset Focused Fund Direct Growth is ₹27.73 as on 27-Dec-2024.
Existing (Absolute + CAGR) as on 27-Dec-2024.
Mirae Asset Focused Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.1% | 0.1% |
6 Month Returns | 8.59% | 8.59% |
1 Year Returns | 19.29% | 19.29% |
3 Years Returns | 35.14% | 10.56% |
5 Years Returns | 131.79% | 18.31% |
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.
0.56% as on November 2024
₹8287 Cr as on November 2024
HDFC Bank Ltd(9.21%), Infosys Ltd(8.28%), ICICI Bank Ltd(7.15%), Axis Bank Ltd(5.22%), One97 Communications Ltd(5.15%) as on November 2024
Financial Services(28.3%), Tech(19.96%), Consumer Cyclical(18.32%) as on November 2024
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 | 1.56 | -3.76 | -0.13 |
As on November 2024
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 | 0.75 | 0.8 | 0.94 |
As on November 2024
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 | 1.39 | 0.4 | 0.73 |
As on November 2024
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 | 11 | 11.68 | 18.69 |
As on November 2024
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 0.64 as on November 2024. 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%