Mirae Asset Focused Fund Direct Growth

Fund Overview

Fund Size

₹8,313 Cr

Expense Ratio

0.57%

ISIN

INF769K01EU0

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

14 May 2019

About this fund

Mirae Asset Focused Fund Direct Growth is a Focused Fund mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 5 years and 6 days, having been launched on 14-May-19.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹23.66, Assets Under Management (AUM) of 8312.74 Crores, and an expense ratio of 0.57%.

Mirae Asset Focused Fund Direct Growth has given a CAGR return of 18.75% since inception.
The fund's asset allocation comprises around 95.68% in equities, 0.00% in debts, and 4.32% in cash & cash equivalents.
You can start investing in Mirae Asset Focused Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+18.35%

+35.19% (Cat Avg.)

3 Years

+12.97%

+18.44% (Cat Avg.)

5 Years

+18.48%

+17.39% (Cat Avg.)

Since Inception

+18.75%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity	₹7,953.67 Cr	95.68%
Others	₹359.07 Cr	4.32%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹845.7 Cr	10.17%
Infosys Ltd	Equity	₹651.54 Cr	7.84%
ICICI Bank Ltd	Equity	₹645.36 Cr	7.76%
Reliance Industries Ltd	Equity	₹542.02 Cr	6.52%
Axis Bank Ltd	Equity	₹434.04 Cr	5.22%
Treps	Cash - Repurchase Agreement	₹399.45 Cr	4.81%
Sapphire Foods India Ltd	Equity	₹341.39 Cr	4.11%
FSN E-Commerce Ventures Ltd	Equity	₹337.38 Cr	4.06%
Bharti Airtel Ltd	Equity	₹317.19 Cr	3.82%
SKF India Ltd	Equity	₹283.48 Cr	3.41%
Syngene International Ltd	Equity	₹268.55 Cr	3.23%
Sona BLW Precision Forgings Ltd	Equity	₹239.12 Cr	2.88%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹230.04 Cr	2.77%
Orient Electric Ltd Ordinary Shares	Equity	₹220.85 Cr	2.66%
Max Financial Services Ltd	Equity	₹210.35 Cr	2.53%
Gujarat Fluorochemicals Ltd Ordinary Shares	Equity	₹208.93 Cr	2.51%
JK Cement Ltd	Equity	₹203.91 Cr	2.45%
State Bank of India	Equity	₹200.75 Cr	2.42%
One97 Communications Ltd	Equity	₹194.96 Cr	2.35%
Gland Pharma Ltd	Equity	₹189.14 Cr	2.28%
SRF Ltd	Equity	₹179.96 Cr	2.16%
Indian Energy Exchange Ltd	Equity	₹160.42 Cr	1.93%
Maruti Suzuki India Ltd	Equity	₹158.25 Cr	1.90%
Go Fashion (India) Ltd	Equity	₹157.9 Cr	1.90%
Mphasis Ltd	Equity	₹143.93 Cr	1.73%
Gujarat State Petronet Ltd	Equity	₹129.56 Cr	1.56%
Arvind Fashions Ltd	Equity	₹126 Cr	1.52%
Triveni Turbine Ltd	Equity	₹124.92 Cr	1.50%
Voltas Ltd	Equity	₹98.7 Cr	1.19%
Kalpataru Projects International Ltd	Equity	₹90.45 Cr	1.09%
Net Receivables / (Payables)	Cash	₹-40.38 Cr	0.49%
Ratnamani Metals & Tubes Ltd	Equity	₹18.87 Cr	0.23%

Allocation By Market Cap (Equity)

Large Cap Stocks

50.58%

Mid Cap Stocks

28.61%

Small Cap Stocks

16.48%

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹2,726.67 Cr	32.80%
Consumer Cyclical	₹1,580.88 Cr	19.02%
Technology	₹990.43 Cr	11.91%
Basic Materials	₹611.68 Cr	7.36%
Industrials	₹597.54 Cr	7.19%
Energy	₹542.02 Cr	6.52%
Healthcare	₹457.69 Cr	5.51%
Communication Services	₹317.19 Cr	3.82%
Utilities	₹129.56 Cr	1.56%

Risk & Performance Ratios

Standard Deviation

This fund

11.45%

Cat. avg.

13.26%

Lower the better

Sharpe Ratio

This fund

0.71

Cat. avg.

0.98

Higher the better

Sortino Ratio

This fund

Cat. avg.

1.82

Higher the better

Fund Managers

Gaurav Misra

Since May 2019

Additional Scheme Detailsas of 30th April 2024

	ISIN	INF769K01EU0		Expense Ratio	0.57%		Exit Load	1.00%		Fund Size	₹8,313 Cr		Age	14 May 2019		Lumpsum Minimum	₹5,000		Fund Status	Open Ended Investment Company		Benchmark	Nifty 500 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Focused Fund Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Kotak Focused Equity Fund Regular Growth Very High Risk	1.9%	1.0%	₹3279.11 Cr	33.7%
Tata Focused Equity Fund Direct Growth Very High Risk	0.6%	1.0%	₹1692.74 Cr	37.8%
Tata Focused Equity Fund Regular Growth Very High Risk	2.0%	1.0%	₹1692.74 Cr	35.7%
Kotak Focused Equity Fund Direct Growth Very High Risk	0.5%	1.0%	₹3279.11 Cr	35.6%
DSP Focus Fund Regular Growth Very High Risk	2.1%	1.0%	₹2284.02 Cr	40.6%
Union Focused Fund Direct Growth Very High Risk	1.6%	1.0%	₹402.71 Cr	31.7%
Union Focused Fund Regular Growth Very High Risk	2.5%	1.0%	₹402.71 Cr	30.5%
360 ONE Focused Equity Fund Regular Growth Very High Risk	1.8%	1.0%	₹7009.01 Cr	37.4%
360 ONE Focused Equity Fund Direct Growth Very High Risk	0.9%	1.0%	₹7009.01 Cr	38.7%
ICICI Prudential Focused Equity Fund Regular Growth Very High Risk	1.8%	1.0%	₹7872.07 Cr	47.3%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

https://www.miraeassetmf.co.in/

Total AUM

₹1,63,012 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹1406.88 Cr	-
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹3351.36 Cr	37.7%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹10073.98 Cr	7.3%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹34974.46 Cr	40.7%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹38060.19 Cr	24.0%
Mirae Asset Savings Fund Direct Growth Moderate Risk	0.2%	0.0%	₹594.96 Cr	7.4%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹145.28 Cr	7.6%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹8312.74 Cr	18.4%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹155.33 Cr	6.6%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹1570.17 Cr	80.9%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹8545.85 Cr	25.3%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹705.09 Cr	34.9%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹111.07 Cr	28.2%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹531.86 Cr	49.1%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹795.72 Cr	6.8%
Mirae Asset Ultra Short Duration Fund Direct Growth Moderate Risk	0.2%	0.0%	₹1463.94 Cr	7.6%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹1815.41 Cr	33.8%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1702.61 Cr	24.3%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹2683.33 Cr	-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹78.52 Cr	60.1%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹22471.76 Cr	36.2%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹83.22 Cr	6.8%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹49.85 Cr	6.6%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.8%	0.0%	₹72.50 Cr	7.2%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1019.74 Cr	17.7%
Mirae Asset Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹59.30 Cr	6.7%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹316.95 Cr	41.2%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	2.0%	1.0%	₹95.84 Cr	2.8%
Mirae Asset Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹865.39 Cr	6.8%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹346.19 Cr	7.0%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹225.99 Cr	6.2%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹103.31 Cr	6.9%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2236.01 Cr	52.1%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹1870.00 Cr	8.5%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹15139.44 Cr	53.0%
Mirae Asset Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹1570.06 Cr	22.3%

Risk Level

Your principal amount will be at Very High Risk

Still got questions?
We're here to help.

What is the current NAV of Mirae Asset Focused Fund Direct Growth?

The NAV of Mirae Asset Focused Fund Direct Growth, as of 17-May-2024, is ₹23.66.

What are the returns of Mirae Asset Focused Fund Direct Growth?

The fund has generated 18.35% over the last 1 year and 12.97% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Mirae Asset Focused Fund Direct Growth?

The fund's allocation of assets is distributed as 95.68% in equities, 0.00% in bonds, and 4.32% in cash and cash equivalents.

Who manages the Mirae Asset Focused Fund Direct Growth?

The fund managers responsible for Mirae Asset Focused Fund Direct Growth are:-

Gaurav Misra

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Mirae Asset Focused Fund Direct Growth

Fund Overview