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 June 30, 2024 | 8,139.559 |
| Net AUM (₹ Cr.) |
8,255.25 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on June 30, 2024 |
Regular Plan: 1.75% Direct Plan: 0.56% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 25.384 | ₹ 23.624 |
| IDCW | ₹ 23.351 | ₹ 21.717 |
| New Positions Bought |
| Stock |
| Realty |
| Sobha Ltd Rights |
| Positions Increased |
| Stock |
| Chemicals & Petrochemicals |
| Gujarat Fluorochemicals Limited |
| Construction |
| Kalpataru Projects International Limited |
| Realty |
| Sobha Limited |
| Positions Decreased |
| Stock |
| Banks |
| Axis Bank Limited |
| HDFC Bank Limited |
| ICICI Bank Limited |
| State Bank of India |
| Capital Markets |
| Indian Energy Exchange Limited |
| Chemicals & Petrochemicals |
| SRF Limited |
| Healthcare Services |
| Syngene International Limited |
| Industrial Products |
| SKF India Limited |
| Leisure Services |
| Sapphire Foods India Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Retailing |
| Arvind Fashions Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Ltd |
10.22% |
ICICI Bank Ltd |
7.32% |
Axis Bank Ltd |
5.39% |
State Bank of India |
2.08% |
IT - Software |
|
Infosys Ltd |
8.78% |
MphasiS Limited |
2.27% |
Retailing |
|
FSN E-Commerce Ventures Limited |
3.90% |
Go Fashion (India) Limited |
2.12% |
Arvind Fashions Limited |
1.66% |
Chemicals & Petrochemicals |
|
Gujarat Fluorochemicals Limited |
2.81% |
SRF Limited |
1.82% |
Petroleum Products |
|
Reliance Industries Ltd |
4.61% |
Leisure Services |
|
Sapphire Foods India Limited |
4.47% |
Industrial Products |
|
SKF India Limited |
3.03% |
Ratnamani Metals & Tubes Limited |
1.34% |
Telecom - Services |
|
Bharti Airtel Ltd |
3.49% |
Consumer Durables |
|
Orient Electric Limited |
3.31% |
Healthcare Services |
|
Syngene International Limited |
3.26% |
Auto Components |
|
Sona BLW Precision Forgings Limited |
2.97% |
Finance |
|
SBI Cards and Payment Services Limited |
2.77% |
Cement & Cement Products |
|
JK Cement Limited |
2.71% |
Financial Technology (Fintech) |
|
One 97 Communications Limited |
2.55% |
Insurance |
|
Max Financial Services Ltd |
2.45% |
Pharmaceuticals & Biotechnology |
|
Gland Pharma Limited |
2.44% |
Construction |
|
Kalpataru Projects International Limited |
2.44% |
Capital Markets |
|
Indian Energy Exchange Ltd |
1.84% |
Electrical Equipment |
|
Triveni Turbine Limited |
1.71% |
Automobiles |
|
Maruti Suzuki India Ltd |
1.66% |
Gas |
|
Gujarat State Petronet Limited |
1.57% |
Realty |
|
Sobha Limited |
1.20% |
Equity Holding Total |
98.20% |
Cash & Other Receivables |
1.80% |
Total |
100.00% |
| Returns (in%) | |||||
| 1 Year | 3 Years | 5 Years | Since inception | Value of 10000 invested Since Inception (in Rs.) | |
| Mirae Asset Focused Fund | 19.14% |
10.91% |
17.20% |
18.23% |
23,624 |
| Scheme Benchmark* (Tier-1) | 38.67% |
19.99% |
19.78% |
20.39% |
25,923 |
| Scheme Benchmark* (Tier-2) | 35.79% |
18.99% |
18.67% |
19.35% |
24,794 |
| Additional Benchmark** | 23.69% |
16.07% |
16.36% |
17.22% |
22,605 |
| NAV as on 30th June, 2024 | ₹ 23.624 | ||||
| Index Value (30th June, 2024) | Index Value of Scheme benchmark is 35,506.97 / 17,860.19 and BSE Sensex (TRI) is 1,21,991.93 | ||||
| Allotment Date | 14th May, 2019 | ||||
| Scheme Benchmark | *Tier-1-Nifty 500 (TRI) Tier-2-Nifty 200 (TRI) | ||||
| Additional Benchmark | **BSE Sensex (TRI)## | ||||
Fund manager : Mr. Gaurav Misra managing the scheme since May, 2019
Note: Returns for 1 year and below 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.
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 30-June-2024 |
Since inception |
6,10,000 |
9,40,886 |
5 Years |
6,00,000 |
9,19,183 |
3 Years |
3,60,000 |
4,37,055 |
1 Year |
1,20,000 |
1,33,971 |
Returns (%) |
Period |
|||
Since inception |
5 Years | 3 Years |
1 Year |
|
Fund Return& (%) |
17.11 |
17.14 |
13.07 |
22.62 |
Tier-1-Nifty 500 (TRI)& (%) |
24.52 |
24.76 |
25.50 |
43.24 |
Tier-2-Nifty 200 (TRI)& (%) |
23.16 |
23.39 |
24.00 |
41.07 |
BSE Sensex (TRI)& (%)## |
19.39 |
19.54 |
18.67 |
28.92 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 11.53% |
| Beta | 0.78 |
| R Squared | 0.85 |
| Sharpe Ratio# | 0.35 |
| Information Ratio | -1.78 |
| Portfolio Turnover Ratio | 0.30 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 30th June, 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.
| Regular Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
22-Mar-24 |
1.75 |
10.00 |
21.455 |
| Direct Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
22-Mar-24 |
1.85 |
10.00 |
22.968 |
Past Performance may or may not be sustained in future. Pursuant to payment of IDCW the NAV of the IDCW option of the scheme will fall to the extent of payout and statutory levy (if any). IDCW history is for Mirae Asset Focused Fund - Regular & Direct Plan - IDCW Option