Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal
Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal

Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal

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Equity
Direct
Focused Fund

NAV: ₹ 19.4 as on 03-02-2023

Fund Performance
zero opening, trading, fund transfer fee
5 people have invested ₹ 45.1K in mutual fund in the last three months

Fund Performance as on (19-Jan-23)

Return
1M
3M
6M
1Y
3Y
This Fund
-2.3%
-1.7%
-0.2%
-6.4%
18%
Benchmark
-2.3%
2.2%
9.6%
-0.5%
15%
Category
-2.5%
-3%
1.6%
-1.5%
15.4%
About the Fund

Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal has a NAV of 19.403 as on 03-02-2023.

2) Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal has 8802 Cr worth of assets under management (AUM) as on 31-12-2022 and is more than category average.

3) The fund has an expense ratio 0.61 %.

Fund Overview

Expense ratio
Expense ratio
0.61%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹8802 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 as on (31-Dec-22)

  • Equity 99.3%
  • Debt & Cash 0.7%
Size breakup
Large cap
60.4%
Mid cap
27.7%
Small cap
11.2%

Sector Allocation

Dec'22

Nov'22

Oct'22

Financial Services

38.8%

Consumer Cyclical

13.5%

Tech

11.9%

Industrial

9.6%

Health

7.2%

Energy

6.3%

Communication

4.6%

Basic Materials

3.4%

Utilities

2.5%

Consumer Defensive

2.1%

Top Holdings as on (31-Dec-22)

  • Equity
Equity Holdings30

What changed

in last one month
  • Scheme
  • Portfolio
AUM decreased by 325.8 Cr in last 1M
Dec'22 return underperformed benchmark

Change in AUM

Dec'22
₹ 8.8K Cr
Nov'22
₹ 9.1K Cr
Oct'22
₹ 8.9K Cr

Fund Returns vs Benchmark

Jan'23
3.23%
5.37%
Dec'22
3.31%
2.63%
Nov'22
3.23%
5.37%
Fund Return
Benchmark Return

Concentration Analysis as on (31-Dec-22)

Fund
Dec'22
Nov'22
Oct'22
No of Holdings
30
30
29
Top 5 Company Concentration
38.4%
38.7%
37.7%
Company having highest exposure
HDFC Bank Ltd (10.9%)
HDFC Bank Ltd (10.4%)
HDFC Bank Ltd (10%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
80.5%
77.1%
78.1%
Sector having highest exposure
Financial Services (38.5%)
Financial Services (38.4%)
Financial Services (38.4%)

Fund Manager

Gaurav Misra

Gaurav Misra

Fund Manager of Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal, since 14 May 2019

AMC details

Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.19L Cr
as on 31-Dec-2022
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
Email
customercare@miraeasset.com

Fund 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 19.47% since inception which is more than its category average return of 13.02%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.27% in Equity, 0% in Debt and 0.73% in Cash related instruments
AUM size ₹8802 Cr

AUM size ₹8802 Cr

This fund has AUM of ₹8802 Cr which is more than its category average of ₹ 3587 Cr
Expense Ratio 0.61%

Expense Ratio 0.61%

This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.54%

Frequently Asked Questions

The current NAV of Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal is 19.4 as on 03-Feb-2023.
Existing (Absolute + CAGR)
Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
-2.34%
-2.34%
6 Month Returns
-0.23%
-0.23%
1 Year Returns
-6.37%
-6.37%
3 Years Returns
64.32%
18%
5 Years Returns
0%
0%
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0.61 as on January 2023
8802 Cr as on January 2023
HDFC Bank Ltd(10.92%),ICICI Bank Ltd(8.52%),Infosys Ltd(7.92%),Axis Bank Ltd(5.63%),Reliance Industries Ltd(5.41%) as on January 2023
Financial Services(38.51%),Consumer Cyclical(13.42%),Tech(11.82%) as on January 2023
The alpha ratio for the Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal
-8.67
1.14
-
As on January 2023
The alpha for Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal
0.77
0.97
-
As on January 2023
The Beta for Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal
-0.82
0.62
-
As on January 2023
The sharpe ratio for Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal
13.14
22.83
-
As on January 2023
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 0.89 as on January 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.19 as on January 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Gaurav Misra is the fund manager of Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal
The Exit load of Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal is 1%

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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.