MIRAE ASSET
FOCUSED FUND - (MAFF)
(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 | Nifty 200 Index (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: ₹1,000/- (multiples of ₹1/- thereafter), minimum 5 installments |
| 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 Dividend Option (Payout & Re-investment) |
| Monthly Average AUM (₹ Cr.) as on August 31, 2020 | 3,345.78 |
| Net AUM (₹ Cr.) |
3,414.42 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on August 31, 2020 |
Regular Plan: 1.97% Direct Plan: 0.40% |
| ANY DATE SIP provides one of the better investment experiences by allowing the investor to choose any investment date of the month (i.e., from 1st to 28th) depending upon the investors' expense and income flow. | |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct Plan | Regular Plan |
| Growth Option | ₹ 12.110 | ₹ 11.849 |
| Dividend Option | ₹ 12.108 | ₹ 11.850 |
| Portfolio Turnover Ratio^ | 0.32 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 31st August 2020. ^Basis last rolling 12 months. |
|
| New Position Bought |
| Auto |
| Ashok Leyland Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Exited |
| Stock |
| Finance |
| Bajaj Finance Limited |
| Positions Increased |
| Stock |
| Auto |
| Eicher Motors Limited |
| Banks |
| HDFC Bank Limited |
| ICICI Bank Limited |
| Consumer Durables |
| Orient Electric Limited |
| Finance |
| Max Financial Services Limited |
| Gas |
| Gujarat State Petronet Limited |
| Positions Decreased |
| Pharmaceuticals |
| Syngene International Limited |
| Software |
| Larsen & Toubro Infotech Limited |
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 10.07% |
| ICICI Bank Ltd | 7.76% |
| State Bank of India | 2.23% |
| Petroleum Products | |
| Reliance Industries Ltd* | 9.93% |
| Hindustan Petroleum Corporation Ltd | 2.02% |
| Consumer Non Durables | |
| Britannia Industries Ltd | 2.94% |
| Kansai Nerolac Paints Ltd | 2.76% |
| Dabur India Ltd | 2.29% |
| Emami Ltd | 2.18% |
| Software | |
| Infosys Ltd | 7.03% |
| Larsen & Toubro Infotech Ltd | 3.14% |
| Finance | |
| Max Financial Services Ltd | 2.86% |
| HDFC Life Insurance Company Ltd | 2.57% |
| Cholamandalam Investment and Finance Company Ltd | 1.92% |
| Indian Energy Exchange Ltd | 1.73% |
| Auto | |
| Maruti Suzuki India Ltd | 3.81% |
| Eicher Motors Ltd | 2.28% |
| Ashok Leyland Ltd | 1.54% |
| Consumer Durables | |
| Voltas Ltd | 2.80% |
| Orient Electric Ltd | 1.92% |
| Whirlpool of India Ltd | 0.94% |
| Pharmaceuticals | |
| Syngene International Ltd | 2.74% |
| Torrent Pharmaceuticals Ltd | 2.04% |
| Telecom - Services | |
| Bharti Airtel Ltd | 3.01% |
| Industrial Capital Goods | |
| Bharat Electronics Ltd | 2.79% |
| Construction Project | |
| Larsen & Toubro Ltd | 2.73% |
| Cement | |
| JK Cement Ltd | 2.67% |
| Gas | |
| Gujarat State Petronet Ltd | 2.26% |
| Industrial Products | |
| SKF India Ltd | 1.89% |
| Healthcare Services | |
| Dr. Lal Path Labs Ltd | 1.29% |
| Equity Holding Total | 96.14% |
| Cash & Other Receivables | 3.86% |
| Total | 100.00% |
*Includes "Partly Paid Shares"
| Returns (%) | ||||
| 1 Yr | SI | |||
| MAFF | 13.26 |
13.92 |
||
| Scheme Benchmark* | 4.43 |
2.44 |
||
| Additional Benchmark** | 4.60 |
4.20 |
||
| NAV as on 31st August, 2020 | 11.849 | |||
| Index Value (31st August, 2020) | Index Value of Scheme benchmark is 7432.48 and S&P BSE Sensex (TRI) is 56932.37 | |||
| Allotment Date | 14th May, 2019 | |||
| Scheme Benchmark | *Nifty 200 Index (TRI) | |||
| Additional Benchmark | **S&P BSE Sensex (TRI) | |||
Note:1. Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Plan - Growth Option
2. Fund manager : Mr. Gaurav Misra managing the scheme since May, 2019
3. The scheme is in existence for more than 1 year and less than 3 years.
| Period | Total Amount Invested | Mkt Value as on 31-August-2020 |
SI |
150,000 |
168,572 |
1 Yr |
120,000 |
135,023 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
18.85 |
24.02 |
Benchmark Return& (%) |
8.60 |
13.72 |
Add. Benchmark Return& (%) |
9.03 |
13.78 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
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.
• Degree of risk – MODERATELY HIGH
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
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 