Mirae Asset Focused Fund Direct Growth
Mirae Asset Focused Fund Direct Growth

Mirae Asset Focused Fund Direct Growth

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Equity
Direct
Focused Fund

NAV: ₹ 20.4 as on 30-11-2022

Fund Performance
zero opening, trading, fund transfer fee
2443 people have invested ₹ 2.7Cr in mutual fund in the last three months

INDmoney Rank

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6
/14
55% Performance
47% Risk Management
99% Cost
6 out of 14 among focused fund
Pros
Generated Consistent Returns
Consistently beats benchmark
Lower volatility within category
Cons
No bad points found for this fund.

Fund Performance

Return
1M
3M
6M
1Y
3Y
This Fund
3.3%
3.1%
8.3%
-0.2%
19.9%
Benchmark
2.6%
4.8%
13.2%
7.9%
17.6%
Category
2.2%
4%
12.4%
6.6%
17%
About the Fund

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 a NAV of 20.395 as on 30-11-2022.

2) Mirae Asset Focused Fund Direct Growth has 8885 Cr worth of assets under management (AUM) as on 31-10-2022 and is more than category average.

3) The fund has an expense ratio 0.57 %.

Fund Overview

Expense ratio
Expense ratio
0.57%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹8885 Cr
Inception Date
Inception Date
14 May, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
27.44%

Fund Distribution

  • Equity 97.2%
  • Debt & Cash 2.8%
Size breakup
Large cap
68.6%
Mid cap
22.6%
Small cap
5.9%

Sector Allocation

Oct'22

Sep'22

Aug'22

Financial Services

39.5%

Consumer Cyclical

11.2%

Tech

11.2%

Industrial

10.4%

Health

8%

Energy

7.1%

Communication

4.8%

Basic Materials

3.1%

Consumer Defensive

2.6%

Utilities

2%

Top Holdings

  • All
  • Equity
Total Holdings29
Equity Holdings29

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 296.8 Cr in last 1M
Oct'22 return underperformed benchmark

Change in AUM

Oct'22
₹ 8.9K Cr
Sep'22
₹ 8.6K Cr
Aug'22
₹ 9K Cr

Fund Returns vs Benchmark

Oct'22
3.23%
5.37%
Sep'22
-3.31%
-2.51%
Aug'22
2.67%
3.22%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Oct'22
Oct'22
Aug'22
No of Holdings
29
31
31
Top 5 Company Concentration
37.7%
36.2%
35.8%
Company having highest exposure
HDFC Bank Ltd (10%)
HDFC Bank Ltd (9.9%)
HDFC Bank Ltd (9.4%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
78.1%
79.4%
75.4%
Sector having highest exposure
Financial Services (38.4%)
Financial Services (38.6%)
Financial Services (37.6%)

Fund Manager

Gaurav Misra

Gaurav Misra

Managing this fund since 14 May 2019

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mirae Asset Focused Fund Direct Growth
19.87%
16.77%
Mirae Asset Large Cap Fund Direct Plan Growth
16.6%
15.85%

AMC details

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
Fund House
Mirae Asset Investment Managers (India) Private Limited

Fund Highlights

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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 22.25% since inception which is more than its category average return of 14.89%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.2% in Equity, 0% in Debt and 2.8% in Cash related instruments
AUM size ₹8885 Cr

AUM size ₹8885 Cr

This fund has AUM of ₹8885 Cr which is more than its category average of ₹ 3612 Cr
Expense Ratio 0.57%

Expense Ratio 0.57%

This fund has an expense ratio of 0.57% which is less than its category average expense ratio of 1.54%

Frequently Asked Questions

The current NAV of Mirae Asset Focused Fund Direct Growth is 20.29.
Existing (Absolute + CAGR)
Mirae Asset Focused Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.87%
3.87%
6 Month Returns
9.88%
9.88%
1 Year Returns
-0.56%
-0.56%
3 Years Returns
70.13%
19.38%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.57 as on November 2022
8885 Cr as on November 2022
HDFC Bank Ltd(10.03%),ICICI Bank Ltd(8.83%),Infosys Ltd(8%),Axis Bank Ltd(5.51%),Reliance Industries Ltd(5.37%) as on November 2022
Financial Services(38.42%),Consumer Cyclical(10.89%),Tech(10.86%) as on November 2022
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
-9.2
1.26
-
As on month end.
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
0.76
0.97
-
As on month end.
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
-0.74
0.71
-
As on month end.
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
12.41
22.52
-
As on month end.
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.
1.01
0.21
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%

Mutual Fund execution provided by

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.