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: ₹ 21.76 as on 29-05-2024

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 ₹8313 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.
Fund Performance
zero opening, trading, fund transfer fee
3 people have invested ₹ 3K in Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal in the last three months

Overview

Expense ratio
Expense ratio
0.57%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹8313 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 Reinvestment of Income Distribution cum capital withdrawal Distribution as on (30-Apr-24)

  • Equity 95.7%

  • Debt & Cash 4.3%

Size breakup

Large cap
50.6%
Mid cap
28.6%
Small cap
16.5%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
34.3%
Consumer Cyclical
19.9%
Tech
12.5%
Basic Materials
7.7%
Industrial
7.5%
Energy
6.8%
Health
5.8%
Communication
4%
Utilities
1.6%

Top Holdings of Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal as on (30-Apr-24)

  • Equity

Equity Holdings30

Gainers & Losers Returns for the month of Apr

Top Growth Drivers
1M Return
Axis Bank Ltd
Axis Bank Ltd
2.1%
HDFC Bank Ltd
HDFC Bank Ltd
0.1%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
1.91%
-1.02%
-1.07%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 1.91% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund underperformed Nifty 500 by 0.56% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 8.3K Cr
₹ 8.4K Cr
₹ 8.7K Cr
  • AUM of the fund stands at 8.3K Cr as of Apr'24
  • AUM decreased by 112.3 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

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

Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal 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 18.46% since inception which is more than its category average return of 16.68%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.68% in Equity, 0% in Debt and 4.32% in Cash related instruments
AUM size ₹8313 Cr

AUM size ₹8313 Cr

This fund has AUM of ₹8313 Cr which is more than its category average of ₹ 4296 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 1.48%

Frequently Asked Questions

The current NAV of Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal is ₹21.76 as on 29-May-2024.
Existing (Absolute + CAGR) as on 29-May-2024.
Mirae Asset Focused Fund Direct Reinvestment of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
-0.44%
-0.44%
6 Month Returns
5.78%
5.78%
1 Year Returns
16.23%
16.23%
3 Years Returns
38.3%
11.41%
5 Years Returns
119.06%
16.98%
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0.57% as on April 2024
₹8313 Cr as on April 2024
HDFC Bank Ltd(10.17%), Infosys Ltd(7.84%), ICICI Bank Ltd(7.76%), Reliance Industries Ltd(6.52%), Axis Bank Ltd(5.22%) as on April 2024
Financial Services(32.8%), Consumer Cyclical(19.02%), Tech(11.91%) as on April 2024
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
-10.36
-3.43
-
As on April 2024
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
0.86
0.8
-
As on April 2024
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
1.3
0.69
-
As on April 2024
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
10.01
11.48
-
As on April 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 1.14 as on April 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 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%