Mirae Asset Focused Fund Direct Growth
Equity
Direct
Focused Fund
NAV as on 19-11-2024
₹ 26.66
▲0.7%
1D
Inception Returns
19.4%
/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 ₹8250 Cr worth of assets under management (AUM) as on Oct 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 19.44% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 22.38%, 7.95% and 17.74% 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, 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
▲
▼
1488 people have invested ₹ 1.3Cr 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
16
/19
31% Performance
42% Risk Management
86% Cost
16 out of 19 among focused fund
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Underperforms benchmarks during bull run
Mirae Asset Focused Fund Direct Growth Overview
| Expense ratio | 0.59% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹8250 Cr |
| Inception Date | 14 May, 2019 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 16.35% |
| STCG | Redeeming 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 (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
37%
Mid cap
32.1%
Small cap
27.9%
Sector Allocation
Financial Services
30.9%
Consumer Cyclical
19.3%
Tech
19.2%
Industrial
9.9%
Basic Materials
7.4%
Health
5.2%
Communication
3.8%
Utilities
2.4%
Real Estate
1.9%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -3.80% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 2.72% in Oct'24
- AUM of the fund stands at 8.3K Cr as of Oct'24
- AUM decreased by 403 Cr between Oct'24 and Sep'24
Top Stocks bought last month
KPIT Technologies Ltd's allocation increased from 1.46% to 3.25%
One97 Communications Ltd's allocation increased from 3.78% to 4.35%
HDFC Bank Ltd's allocation increased from 8.64% to 9.08%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 8.23 % to 7.86 %
Axis Bank Ltd's allocation decreased from 5.42 % to 5.35 %
Sapphire Foods India Ltd's allocation decreased from 4.37 % to 3.89 %
Large Cap allocation has gone down from 37.3% to 37%
Small Cap allocation has gone down from 28% to 27.9%
Mid Cap allocation has gone up from 29.7% to 32.1%
Cash allocation has gone down from 5% to 3%
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Tech
Oct'24
Financial Services
31%
Consumer Cyclical
19%
Tech
19%
Sep'24
Financial Services
31%
Consumer Cyclical
20%
Tech
17%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.08% | 0% | |
 Infosys Ltd | 7.86% | -2.8% | |
 ICICI Bank Ltd | 7.14% | -2.7% | |
 Axis Bank Ltd | 5.35% | 0% | |
 One97 Communications Ltd | 4.35% | -0.5% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 One 97 Communications Ltd | 12.2% |
 GE Vernova T&D India Ltd | 7.3% |
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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
₹1.89L Cr
as on 31-Oct-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 3 years, HDFC Focused 30 Fund -Direct Plan - Growth Option has given 24.67% return, outperforming this fund by 16.72% per annum.
In the last 5 years, ICICI Prudential Focused Equity Fund Direct Plan Growth has given 24.83% return, outperforming this fund by 7.09% per annum.
Over the last 1 month, this fund has experienced a 4.7% drop in AUM moving from 8.65K Cr to 8.25K Cr.
This fund has one of the lowest expense ratio in the category (focused fund). Its expense ratio is 0.59% which is lower than the category average expense ratio of 1.26%.
In the last 1 year, Invesco India Focused Fund Direct Growth has given 52.77% return, outperforming this fund by 30.39%.
Over the last 3 months, this fund has increased expense ratio by 5.4% moving from 0.56 to 0.59.
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 19.44% since inception which is more than its category average return of 16.7%
Fund Allocations
This fund has an allocation of 96.96% in Equity, 0% in Debt and 3.04% in Cash related instruments
AUM size ₹8250 Cr
This fund has AUM of ₹8250 Cr which is more than its category average of ₹ 4697 Cr
Expense Ratio 0.59%
This fund has an expense ratio of 0.59% which is less than its category average expense ratio of 1.46%
Frequently Asked Questions for Mirae Asset Focused Fund Direct Growth
The current NAV of Mirae Asset Focused Fund Direct Growth is ₹26.66 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
Mirae Asset Focused Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.77% | -4.77% |
6 Month Returns | 12.71% | 12.71% |
1 Year Returns | 22.38% | 22.38% |
3 Years Returns | 25.79% | 7.95% |
5 Years Returns | 126.29% | 17.74% |
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.
0.59% as on October 2024
₹8250 Cr as on October 2024
HDFC Bank Ltd(9.08%), Infosys Ltd(7.86%), ICICI Bank Ltd(7.14%), Axis Bank Ltd(5.35%), One97 Communications Ltd(4.35%) as on October 2024
Financial Services(29.98%), Consumer Cyclical(18.7%), Tech(18.62%) as on October 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 | -3.82 | -0.29 |
As on October 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 | 0.77 | 0.8 | 0.94 |
As on October 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 | 1.76 | 0.33 | 0.73 |
As on October 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 | 11.7 | 11.78 | 18.69 |
As on October 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 0.52 as on October 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%