Mirae Asset Focused Fund - Direct Plan - Growth
Fund Objective
Mirae Asset Focused Fund aims to generate long-term capital appreciation from a concentrated portfolio of equity and equity-related instruments, investing in a maximum of 30 stocks across the large, mid, and small-cap segments. The scheme does not guarantee that its investment objective will be achieved.
Key Information
- Fund Manager: Mr. Gaurav Misra
- Expense Ratio (Direct Plan): 0.59% per annum
- AUM (May 2025): ₹7,926.73 Cr
- Riskometer: 🚩 Very High
Key Metrics & Performance
Latest NAV (13 Jun 2025)
₹27.583
1 Year CAGR
10.94%
3 Year CAGR
15.94%
5 Year CAGR
22.36%
Portfolio, Allocation & Risk
Asset Allocation (May 2025)
Key Risk Ratios
| Ratio | Value |
|---|---|
| Volatility (Std Dev) | 12.75% |
| Beta | 0.79 |
| R‑Squared | 0.86 |
| Sharpe Ratio | 0.49 |
| Information Ratio | −1.14 |
| Portfolio Turnover | 0.38x |
Key Strategic Insights
- High Active Share (~85%): With a concentrated portfolio of only 30 stocks and top 10 holdings at ~57%, the fund shows substantial divergence from its benchmark, indicating strong potential for alpha generation through active stock-picking.
- Concentrated Sector Bets: The fund is overweight in Banks, Auto Components, and Pharmaceuticals, signaling conviction in cyclical recovery themes. It is underweight in Energy and Metals, which lowers its exposure to commodity price volatility.
- Moderate Market Sensitivity: A Beta of 0.79 suggests the fund is less volatile than the broader market. This can be advantageous during downturns but may cause it to lag in strong bull rallies.
- Risk-Adjusted Returns: While the Sharpe Ratio of 0.49 is positive, the negative Information Ratio of –1.14 suggests that, on a risk-adjusted basis, the fund has recently underperformed its benchmark.
Mirae Asset Focused Fund – Direct Plan (Growth)
Top 10 Sectors Allocation
Industry-wise classification as recommended by AMFI, as of 31 May 2025
| Sector | Allocation |
|---|---|
| Banks | 7.93% |
| Auto Components | 7.89% |
| Pharmaceuticals & Biotechnology | 7.74% |
| Consumer Durables | 6.70% |
| IT – Software | 5.95% |
| Industrial Products | 5.59% |
| Finance | 4.64% |
| Electrical Equipment | 4.33% |
| Transport Services | 3.95% |
| Telecom – Services | 3.94% |
Portfolio Top 10 Holdings
| Holding | Allocation |
|---|---|
| HDFC Bank Ltd. | 9.51% |
| ICICI Bank Ltd. | 7.48% |
| Infosys Ltd. | 6.87% |
| Axis Bank Ltd. | 5.06% |
| One 97 Communications Ltd. | 4.65% |
| Sapphire Foods India Ltd. | 4.00% |
| Bharti Airtel Ltd. | 3.79% |
| SKF India Ltd. | 3.74% |
| FSN E-Commerce Ventures Ltd. | 3.61% |
| Eternal Ltd. | 3.34% |
| Other Equities | 42.68% |
| Cash & Other Receivables | 5.27% |
Peer Comparison (Top 7 Equity Funds)
| Fund | Direct Expense Ratio | AUM (₹ Cr.) | 1-Yr Return | Risk Level |
|---|---|---|---|---|
| Mirae Asset Focused Fund | 0.59% | 7,926.73 | 15.51% | Very High |
| Mirae Asset Midcap Fund | 0.59% | 16,336.65 | 7.45% | Very High |
| Mirae Asset Large Cap Fund | 0.54% | 39,530.24 | 12.12% | Very High |
| Mirae Asset Banking & Financial Services Fund | 0.61% | 1,998.29 | 18.63% | Very High |
| Mirae Asset Equity Savings Fund | 0.40% | 1,442.49 | 10.58% | Very High |
| Mirae Asset ELSS Tax Saver Fund | 0.59% | 25,567.42 | 39.18%* | Very High |
| Mirae Asset Healthcare Fund | 0.50% | 2,690.55 | 16.88%* | Very High |
* ELSS Tax Saver and Healthcare Fund returns are for illustrative purposes and may not reflect actual performance
About This Fund
The Mirae Asset Focused Fund is a high-risk equity mutual fund that invests in a concentrated portfolio of 25-30 stocks across market capitalizations. The fund follows a growth-oriented investment strategy with a focus on quality businesses with sustainable competitive advantages.
Key Terms Explained
Expense Ratio: The annual fee charged by the fund to cover operational expenses, expressed as a percentage of the fund's average assets under management.
AUM (Assets Under Management): The total market value of investments managed by the fund.
ELSS (Equity Linked Savings Scheme): A type of mutual fund in India that offers tax benefits under Section 80C of the Income Tax Act.
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