MIRAE ASSET
FOCUSED FUND
(Focused Fund - An open ended equity scheme investing in a maximum of 30 stocks intending to focus in large cap, mid cap and small cap category (i.e., Multi-cap))
| Type of Scheme | Focused Fund - An open ended equity scheme investing in a maximum of 30 stocks intending to focus in large cap, mid cap and small cap category (i.e., Multi-cap) |
| Investment Objective | To generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies. There is no assurance that the investment objective of the Scheme will be realized. |
Fund Manager** |
Mr. Gaurav Misra (since inception) |
| Allotment Date | 14th May, 2019 |
| Benchmark Index | <Tier-1 - Nifty 500 (TRI) Tier-2 - Nifty 200 (TRI) |
| Minimum Investment Amount |
₹5,000/- and in multiples of ₹1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹1/- thereafter. |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019)## |
Monthly and Quarterly: ₹500/- (multiples of ₹1/- thereafter), minimum 5 in case of Monthly / Quarterly option. |
| Load Structure | Entry load: NA Exit load: I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP - in) on or before completion of 365 days from the date of allotment of units: Nil. b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO): •If redeemed within 1 year (365 days) from the date of allotment: 1% •If redeemed after 1 year (365 days) from the date of allotment: NIL II. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out): •If redeemed within 1 year (365 days) from the date of allotment: 1% •If redeemed after 1 year (365 days) from the date of allotment: NIL |
| Plans Available | Regular Plan and Direct Plan |
| Options Available | Growth Option and IDCW Option (Payout & Re-investment) |
| Monthly Average AUM (₹ Cr.) as on February 29, 2024 | 8,747.75 |
| Net AUM (₹ Cr.) |
8,651.77 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on February 29, 2024 |
Regular Plan: 1.75% Direct Plan: 0.55% |
| **For experience of Fund Managers Click Here | |
| ##Pursuant to notice cum addendum no. 69/2023, Minimum Systematic Investment Plan (SIP) Installment amount for certain Schemes has been Changed with effect from January 01, 2024. | |
| NAV: | Direct | Regular |
| Growth | ₹ 23.397 | ₹ 21.859 |
| IDCW | ₹ 23.391 | ₹ 21.863 |
| New Positions Bought |
| Stock |
Electrical Equipment |
Triveni Turbine Limited |
Retailing |
Go Fashion (India) Limited |
| Positions Increased |
| Stock |
Banks |
HDFC Bank Limited |
State Bank of India |
Construction |
Kalpataru Projects International Limited |
Industrial Products |
SKF India Limited |
Retailing |
Arvind Fashions Limited |
| Positions Decreased |
| Stock |
Auto Components |
Sona BLW Precision Forgings Limited |
Automobiles |
Maruti Suzuki India Limited |
Banks |
ICICI Bank Limited |
Capital Markets |
Indian Energy Exchange Limited |
Cement & Cement Products |
JK Cement Limited |
Gas |
Gujarat State Petronet Limited |
IT - Software |
Infosys Limited |
MphasiS Limited |
Leisure Services |
Sapphire Foods India Limited |
Petroleum Products |
Reliance Industries Limited |
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Ltd |
9.11% |
ICICI Bank Ltd |
7.71% |
Axis Bank Ltd |
4.81% |
State Bank of India |
3.44% |
Kotak Mahindra Bank Ltd |
2.40% |
IT - Software |
|
Infosys Ltd |
8.87% |
MphasiS Limited |
1.88% |
Petroleum Products |
|
Reliance Industries Ltd |
6.85% |
Retailing |
|
FSN E-Commerce Ventures Limited |
3.48% |
Go Fashion (India) Limited |
1.16% |
Arvind Fashions Limited |
0.99% |
Chemicals & Petrochemicals |
|
Gujarat Fluorochemicals Limited |
2.73% |
SRF Limited |
2.22% |
Telecom - Services |
|
Bharti Airtel Ltd |
4.46% |
Leisure Services |
|
Sapphire Foods India Limited |
4.20% |
Consumer Durables |
|
Orient Electric Limited |
2.53% |
Voltas Ltd |
1.46% |
Industrial Products |
|
SKF India Limited |
3.33% |
Auto Components |
|
Sona BLW Precision Forgings Limited |
3.21% |
Healthcare Services |
|
Syngene International Limited |
3.18% |
Finance |
|
SBI Cards and Payment Services Limited |
2.81% |
Cement & Cement Products |
|
JK Cement Limited |
2.67% |
Insurance |
|
Max Financial Services Ltd |
2.49% |
Gas |
|
Gujarat State Petronet Limited |
2.46% |
Automobiles |
|
Maruti Suzuki India Ltd |
2.46% |
Pharmaceuticals & Biotechnology |
|
Gland Pharma Limited |
2.26% |
Financial Technology (Fintech) |
|
One 97 Communications Limited |
1.97% |
Capital Markets |
|
Indian Energy Exchange Ltd |
1.69% |
Construction |
|
Kalpataru Projects International Limited |
0.37% |
Electrical Equipment |
|
Triveni Turbine Limited |
0.12% |
Equity Holding Total |
97.32% |
Cash & Other Receivables |
2.68% |
Total |
100.00% |
| Returns (in%) | |||||
| 1 Year | 3 Years | Since inception | Value of 10000 invested Since Inception (in Rs.) | ||
| Mirae Asset Focused Fund | 20.55% |
12.03% |
17.69% |
21,859 |
|
| Scheme Benchmark* (Tier-1) | 39.71% |
19.40% |
18.95% |
22,997 |
|
| Scheme Benchmark* (Tier-2) | 37.02% |
18.29% |
17.97% |
22,110 |
|
| Additional Benchmark** | 24.58% |
15.26% |
16.26% |
20,611 |
|
| NAV as on 29th February, 2024 | ₹21.859 | ||||
| Index Value (29th February, 2024) | Index Value of Scheme benchmark is 31,499.31 / 15,926.49 and S&P BSE Sensex (TRI) is 1,11,227.59 | ||||
| Allotment Date | 14th May, 2019 | ||||
| Scheme Benchmark | *Tier-1-Nifty 500 (TRI) Tier-2-Nifty 200 (TRI) | ||||
| Additional Benchmark | **S&P BSE Sensex (TRI) | ||||
Fund manager : Mr. Gaurav Misra managing the scheme since May, 2019
Note: Returns below or for 1 year are absolute returns, returns above 1 year are CAGR- Compounded Annualized Growth returns.
Latest available NAV has been taken for return calculation wherever applicable
Past Performance may or may not be sustained in future.
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option
| Period | Total Amount Invested | Mkt Value as on 29-February-2024 |
SI |
5,70,000 |
8,31,110 |
3 Yrs |
3,60,000 | 4,19,816 |
1 Yr |
1,20,000 |
1,31,939 |
Returns (%) |
Period |
||
SI |
3yr |
1yrs |
|
Fund Return& (%) |
15.93 |
10.26 |
19.03 |
Benchmark Return (Tier-1)& (%) |
22.36 |
20.90 |
40.96 |
Benchmark Return (Tier-2)& (%) |
21.08 |
19.62 |
38.42 |
Add. Benchmark Return& (%) |
17.86 |
15.46 |
24.46 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 11.43% |
| Beta | 0.77 |
| R Squared | 0.84 |
| Sharpe Ratio# | 0.47 |
| Information Ratio | -1.44 |
| Portfolio Turnover Ratio | 0.27 times |
@The Volatility, Beta, R Squared, Sharpe Ratio & Information Ratio are calculated on returns from last three years Monthly data points. # Risk free rate: FBIL OVERNIGHT MIBOR as on 29th February, 2024.^Basis last rolling 12 months. |
|
This product is suitable for investors who are seeking*
• To generate long term capital appreciation/income.
• Investment in a concentrated portfolio of equity & equity related instrument of up to 30 companies across large, mid and small cap category.
*Investors should consult their financial advisers if they are not clear about the suitability of the product.