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.
Mirae Asset Focused Fund Direct Growth has given a CAGR return of 20.36% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.70%, 12.08% and 20.46% respectively.
Mirae Asset Focused Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Basic Materials, Industrial, Health, Energy, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, Infosys Ltd, ICICI Bank Ltd, Axis Bank Ltd, Reliance Industries Ltd
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.
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 for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Mirae Asset Focused Fund Direct Growth has no lock in period.
Expense ratio | 0.56% |
Benchmark | S&P BSE 500 India TR INR |
AUM | ₹8255 Cr |
Inception Date | 14 May, 2019 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1% |
Lock In | No Lock-in |
TurnOver | 33.58% |
Risk | Very High Risk |
Mirae Asset Focused Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.28% | 4.28% |
6 Month Returns | 12.56% | 12.56% |
1 Year Returns | 21.7% | 21.7% |
3 Years Returns | 40.79% | 12.08% |
5 Years Returns | 153.6% | 20.46% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Focused Fund Direct Growth | -12 | -4.3 | -0.04 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Focused Fund Direct Growth | 0.91 | 0.81 | 0.94 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Focused Fund Direct Growth | 1.11 | 0.58 | 0.75 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Focused Fund Direct Growth | 11.3 | 11.55 | 18.73 |