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 | <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: ₹1,000/- (multiples of ₹1/- thereafter), minimum 5 in case of Monthly or 3 in case of 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 May 31, 2022 | 8,040.31 |
| Net AUM (₹ Cr.) |
8,275.96 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on May 31, 2022 |
Regular Plan: 1.79% Direct Plan: 0.51% |
| **For experience of Fund Managers Click Here | |
| ^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. | |
| NAV: | Direct | Regular |
| Growth | ₹ 18.831 | ₹ 17.966 |
| IDCW^ | ₹ 18.827 | ₹ 17.968 |
| Volatility | 22.50% |
| Beta: | 0.96 |
| R Squared | 0.96 |
| Sharpe Ratio#: | 0.64 |
| Information Ratio | 0.94 |
| 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 May, 2022.^Basis last rolling 12 months. |
|
| Positions Increased |
| Stock |
| Capital Markets |
| Indian Energy Exchange Limited |
| Consumer Durables |
| Orient Electric Limited |
| Voltas Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Finance |
| SBI Cards and Payment Services Limited |
| Muthoot Finance Limited |
| Banks |
| Axis Bank Limited |
| IT - Software |
| Infosys Limited |
| Pharmaceuticals & Biotechnology |
| Gland Pharma Limited |
| Torrent Pharmaceuticals Limited |
| Industrial Products |
| SKF India Limited |
| Positions Decreased |
| Stock |
| Agricultural, Commercial & Construction Vehicles |
| Ashok Leyland Limited |
| Portfolio Holdings | % Allocation | |
| Banks | ||
| HDFC Bank Ltd | 8.82% | |
| ICICI Bank Ltd | 8.67% | |
| Axis Bank Ltd | 4.58% | |
| State Bank of India | 4.02% | |
| IT - Software | ||
| Infosys Ltd | 8.50% | |
| MphasiS Limited | 2.35% | |
| Larsen & Toubro Infotech Limited | 1.47% | |
| Petroleum Products | ||
| Reliance Industries Ltd | 5.27% | |
| Hindustan Petroleum Corporation Ltd | 2.20% | |
| Finance | ||
| SBI Cards and Payment Services Limited | 3.29% | |
| Muthoot Finance Limited | 2.86% | |
| Pharmaceuticals & Biotechnology | ||
| Gland Pharma Limited | 3.22% | |
| Torrent Pharmaceuticals Ltd | 2.36% | |
| Consumer Durables | ||
| Orient Electric Limited | 3.13% | |
| Voltas Ltd | 2.19% | |
| Insurance | ||
| Max Financial Services Ltd | 3.05% | |
| HDFC Life Insurance Company Ltd | 2.08% | |
| Telecom - Services | ||
| Bharti Airtel Ltd | 3.29% | |
| Agricultural, Commercial & Construction Vehicles | ||
| Ashok Leyland Limited | 3.17% | |
| Industrial Products | ||
| SKF India Limited | 3.16% | |
| Food Products | ||
| Britannia Industries Ltd | 3.03% | |
| Aerospace & Defense | ||
| Bharat Electronics Ltd | 2.83% | |
| Capital Markets | ||
| Indian Energy Exchange Ltd | 2.78% | |
| Auto Components | ||
| Sona BLW Precision Forgings Limited | 2.62% | |
| Gas | ||
| Gujarat State Petronet Limited | 2.33% | |
| Cement & Cement Products | ||
| JK Cement Limited | 2.19% | |
| Chemicals & Petrochemicals | ||
| Chemplast Sanmar Limited | 0.98% | |
| Healthcare Services | ||
| Syngene International Limited | 0.95% | |
| Retailing | ||
| Zomato Limited | 0.63% | |
| Financial Technology (Fintech) | ||
| One 97 Communications Limited | 0.62% | |
| Equity Holding Total | 96.63% | |
| Cash & Other Receivables | 3.37% | |
| Total | 100.00% | |
| Returns (in%) | ||||
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MAFF | 8.29% |
18.57% |
21.18% |
|
| Scheme Benchmark* (Tier-1) | 8.08% |
14.25% |
16.64% |
|
| Scheme Benchmark* (Tier-2) | 7.97% |
13.63% |
15.77% |
|
| Additional Benchmark** | 8.39% |
13.22% |
15.38% |
|
| NAV as on 31st May, 2022 | 17.966 | |||
| Index Value (31st May, 2022) | Index Value of Scheme benchmark is 21,765.82 / 11,256.76 and S&P BSE Sensex (TRI) is 83,483.01 | |||
| 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.
| Period | Total Amount Invested | Mkt Value as on 31-May-2022 |
SI |
360,000 |
486,720 |
1 Yr |
360,000 |
486,720 |
3 Yrs |
120,000 |
114,415 |
Returns (%) |
Period |
||
SI |
1yr |
3yrs |
|
Fund Return& (%) |
20.64 |
20.64 |
-8.55 |
Benchmark Return (Tier-1)& (%) |
19.69 |
19.69 |
-3.67 |
Benchmark Return (Tier-2)& (%) |
18.84 |
18.84 |
-3.10 |
Add. Benchmark Return& (%) |
17.44 |
17.44 |
-1.98 |
& 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.
*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 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option