Mirae Asset Focused Fund Direct Growth
Equity
Direct
Focused Fund
NAV: ₹ 23.67 as on 23-04-2024
Fund Performance
1892 people have invested ₹ 1.8Cr in Mirae Asset Focused Fund Direct Growth in the last three months
INDmoney Rank of Mirae Asset Focused Fund Direct Growth
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15
/17
2% Performance
46% Risk Management
96% Cost
15 out of 17 among focused fund
Pros
Lower volatility within category
Cons
Has not generated consistent returns
Does not beat the benchmark consistently
Higher probablity of downside risk
About the 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 ₹8425 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Mirae Asset Focused Fund Direct Growth Overview
 | 0.61% |
 Benchmark | S&P BSE 500 India TR INR |
 | ₹8425 Cr |
 | 14 May, 2019 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 33.58% |
Mirae Asset Focused Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
55%
Mid cap
28.9%
Small cap
15.7%
Sector Allocation
Financial Services
35.5%
Consumer Cyclical
19.7%
Tech
12.5%
Basic Materials
7.3%
Energy
6.6%
Industrial
6.1%
Health
5.7%
Communication
4.1%
Utilities
2.5%
Top Holdings of Mirae Asset Focused Fund Direct Growth as on (31-Mar-24)
Equity Holdings30
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.65% | 0% | |
 ICICI Bank Ltd | 8.23% | 0% | |
 Infosys Ltd | 8.16% | 0% | |
 Reliance Industries Ltd | 6.61% | -7.5% | |
 Axis Bank Ltd | 4.71% | -1.9% |
See all
Mirae Asset Focused Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -0.38% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 0.08% in Mar'24
AUM Change
- AUM of the fund stands at 8.4K Cr as of Mar'24
- AUM decreased by 226.8 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Mirae Asset Focused Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Sapphire Foods India Ltd | 12.4% |
 Maruti Suzuki India Ltd | 7.7% |
 Bharti Airtel Ltd | 4.9% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 Gujarat Fluorochemicals Ltd | 11% |
 SKF India Ltd | 13.1% |
Peer Analysis
Mirae Asset Focused Fund Direct Growth Fund Manager
Gaurav Misra
Fund Manager of Mirae Asset Focused Fund Direct Growth, since 14 May 2019
Top funds managed
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 19.03% since inception which is more than its category average return of 16.22%
Fund Allocations
This fund has an allocation of 99.55% in Equity, 0% in Debt and 0.45% in Cash related instruments
AUM size ₹8425 Cr
This fund has AUM of ₹8425 Cr which is more than its category average of ₹ 4160 Cr
Expense Ratio 0.61%
This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of Mirae Asset Focused Fund Direct Growth is ₹23.67 as on 23-Apr-2024.
Existing (Absolute + CAGR) as on 23-Apr-2024.
Mirae Asset Focused Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.12% | 2.12% |
6 Month Returns | 12.09% | 12.09% |
1 Year Returns | 24.75% | 24.75% |
3 Years Returns | 48.62% | 14.12% |
5 Years Returns | 0% | 0% |
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 2024
₹8425 Cr as on March 2024
HDFC Bank Ltd(9.65%), ICICI Bank Ltd(8.23%), Infosys Ltd(8.16%), Reliance Industries Ltd(6.61%), Axis Bank Ltd(4.71%) as on March 2024
Financial Services(35.38%), Consumer Cyclical(19.56%), Tech(12.42%) as on March 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 | -9 | -3.22 | - |
As on March 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 | 0.85 | 0.8 | - |
As on March 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 | 1.5 | 0.65 | - |
As on March 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 | 9.95 | 11.48 | - |
As on March 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 1.07 as on March 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%