Mirae Asset Focused Fund Direct Growth

Mirae Asset Focused Fund Direct Growth

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Equity
Direct
Focused Fund
NAV: ₹ 23.3 as on 28-02-2024
Fund Performance
zero opening, trading, fund transfer fee
2052 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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13
/17
24% Performance
60% Risk Management
95% Cost
13 out of 17 among focused fund

Pros

Lower volatility within category

Cons

Higher probablity of downside risk
Underperforms benchmarks during bull run
3Y returns in the bottom 25% of the category

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

  1. Mirae Asset Focused Fund Direct Growth has ₹9052 Cr worth of assets under management (AUM) as on Jan 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.

Mirae Asset Focused Fund Direct Growth Overview

Expense ratio
Expense ratio
0.56%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹9052 Cr
Inception Date
Inception Date
14 May, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
33.58%

Mirae Asset Focused Fund Direct Growth Distribution as on (31-Jan-24)

  • Equity 94.5%

  • Debt & Cash 5.5%

Size breakup

Large cap
53.4%
Mid cap
29.1%
Small cap
12%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
33.5%
Consumer Cyclical
16.9%
Tech
15.3%
Basic Materials
7.6%
Energy
6.9%
Health
5.9%
Industrial
4.8%
Communication
4.7%
Utilities
2.8%
Consumer Defensive
1.6%

Top Holdings of Mirae Asset Focused Fund Direct Growth as on (31-Jan-24)

  • Equity

Equity Holdings29

Mirae Asset Focused Fund Direct Growth: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
1.33%
4.73%
6.07%
Nifty 500
1.71%
7.25%
7.50%
  • This fund’s returns stands at 1.33% whereas the fund’s underlying benchmark Nifty 500 returns stands at 1.71% as on Jan'24
  • This fund underperformed Nifty 500 by 0.38% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 9.1K Cr
₹ 9.3K Cr
₹ 9.1K Cr
  • AUM of the fund stands at 9.1K Cr as of Jan'24
  • AUM decreased by 224.8 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in Mirae Asset Focused Fund Direct Growth portfolio Returns for the month of Jan

Mirae Asset Focused Fund Direct Growth Fund Manager

Gaurav Misra
Gaurav Misra
Fund Manager of Mirae Asset Focused Fund Direct Growth, since 14 May 2019

Mirae Asset Focused Fund Direct Growth Highlights

Risk meter
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 19.3% since inception which is more than its category average return of 15.84%
Fund Allocations

Fund Allocations

This fund has an allocation of 94.53% in Equity, 0% in Debt and 5.47% in Cash related instruments
AUM size ₹9052 Cr

AUM size ₹9052 Cr

This fund has AUM of ₹9052 Cr which is more than its category average of ₹ 4028 Cr
Expense Ratio 0.56%

Expense Ratio 0.56%

This fund has an expense ratio of 0.56% which is less than its category average expense ratio of 1.42%

Frequently Asked Questions

The current NAV of Mirae Asset Focused Fund Direct Growth is ₹23.3 as on 28-Feb-2024.
Existing (Absolute + CAGR) as on 28-Feb-2024.
Mirae Asset Focused Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.78%
0.78%
6 Month Returns
7.33%
7.33%
1 Year Returns
21.48%
21.48%
3 Years Returns
45.55%
13.33%
5 Years Returns
0%
0%
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0.56% as on January 2024
₹9052 Cr as on January 2024
Infosys Ltd(8.92%), HDFC Bank Ltd(8.77%), ICICI Bank Ltd(7.35%), Reliance Industries Ltd(6.49%), Axis Bank Ltd(4.56%) as on January 2024
Financial Services(31.68%), Consumer Cyclical(15.96%), Tech(14.46%) as on January 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
-3.27
-1.48
-
As on January 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
0.83
-
As on January 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
1.41
0.94
-
As on January 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
10.15
12.22
-
As on January 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 1.68 as on January 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%