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 February 28, 2021 | 5,130.16 |
| Net AUM (₹ Cr.) |
5,179.58 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on February 28, 2021 |
Regular Plan: 1.94% Direct Plan: 0.32% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 16.010 | ₹ 15.545 |
| Dividend | ₹ 16.007 | ₹ 15.547 |
| Portfolio Turnover Ratio^ | 0.24 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 27th February, 2021. ^Basis last rolling 12 months. |
|
| New Position Bought |
| Stock |
| Finance |
| Muthoot Finance Limited |
| Positions Exited |
| Stock |
| Consumer Durables |
| Whirlpool of India Limited |
| Positions Increased |
| Stock |
| Banks |
| HDFC Bank Limited |
| State Bank of India |
| Cement |
| JK Cement Limited |
| Consumer Durables |
| Voltas Limited |
| Finance |
| Cholamandalam Investment and Finance Company Limited |
| HDFC Life Insurance Company Limited |
| Max Financial Services Limited |
| Gas |
| Gujarat State Petronet Limited |
| Healthcare Services |
| Dr. Lal Path Labs Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Decreased |
| Stock |
| Auto |
| Ashok Leyland Limited |
| Maruti Suzuki India Limited |
| Banks |
| ICICI Bank Limited |
| Consumer Non Durables |
| Britannia Industries Limited |
| Dabur India Limited |
| Kansai Nerolac Paints Limited |
| Healthcare Services |
| Gland Pharma Limited |
| Software |
| Infosys Limited |
| Larsen & Toubro Infotech Limited |
| MphasiS Limited |
| Portfolio Holdings | % Allocation | |
| Banks | ||
| HDFC Bank Ltd | 9.48% | |
| ICICI Bank Ltd | 8.35% | |
| State Bank of India | 3.11% | |
| Software | ||
| Infosys Ltd | 9.57% | |
| Larsen & Toubro Infotech Ltd | 2.17% | |
| MphasiS Ltd | 1.80% | |
| Finance | ||
| Max Financial Services Ltd | 2.93% | |
| HDFC Life Insurance Company Ltd | 2.28% | |
| Cholamandalam Investment and Finance Company Ltd | 1.97% | |
| Muthoot Finance Ltd | 1.75% | |
| Indian Energy Exchange Ltd | 1.73% | |
| Petroleum Products | ||
| Reliance Industries Ltd* | 8.27% | |
| Hindustan Petroleum Corporation Ltd | 1.96% | |
| Consumer Non Durables | ||
| Dabur India Ltd | 2.68% | |
| Kansai Nerolac Paints Ltd | 2.64% | |
| Britannia Industries Ltd | 2.61% | |
| Auto | ||
| Maruti Suzuki India Ltd | 3.39% | |
| Ashok Leyland Ltd | 2.27% | |
| Eicher Motors Ltd | 1.63% | |
| Consumer Durables | ||
| Voltas Ltd | 2.79% | |
| Orient Electric Ltd | 2.39% | |
| Pharmaceuticals | ||
| Torrent Pharmaceuticals Ltd | 2.68% | |
| Syngene International Ltd | 1.75% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 3.80% | |
| Healthcare Services | ||
| Gland Pharma Ltd | 2.59% | |
| Dr. Lal Path Labs Ltd | 1.08% | |
| Cement | ||
| JK Cement Ltd | 3.05% | |
| Industrial Products | ||
| SKF India Ltd | 2.86% | |
| Industrial Capital Goods | ||
| Bharat Electronics Ltd | 2.69% | |
| Gas | ||
| Gujarat State Petronet Ltd | 1.97% | |
| Equity Holding Total | 98.23% | |
| Cash & Other Receivables | 1.77% | |
| Total | 100.00% | |
*Includes "Partly Paid Shares"
| Returns (%) | ||||
| 1 Yr | SI | |||
| MAFF | 39.11 |
27.92 |
||
| Scheme Benchmark* | 32.24 |
17.54 |
||
| Additional Benchmark** | 30.00 |
18.04 |
||
| NAV as on 26th Febraury, 2021 | 15,545 | |||
| Index Value (26th February, 2021) | Index Value of Scheme benchmark is 9,622.62 and S&P BSE Sensex (TRI) is 72,642.78. | |||
| 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
| Period | Total Amount Invested | Mkt Value as on 26-Febraury-2021 |
SI |
210,000 |
291,350 |
1 Yr |
120,000 |
165,007 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
41.19 |
77.76 |
Benchmark Return& (%) |
32.80 |
67.04 |
Add. Benchmark Return& (%) |
31.04 |
62.49 |
& 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 – Very 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 