Mirae Asset Focused Fund
The scheme seeks to generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies.
Growthvine rating: 1/5 — ranked #28 of 28 in category.
Fund basics
| Category | Equity: Focused |
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| NAV | ₹25.58 (as of 2026-08-21) |
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| AUM | ₹6,576 Cr |
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| Expense ratio | 1.55% |
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| Riskometer | Very High |
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| Fund manager | Gaurav Misra |
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| Exit load | 1% for redemption within 365 days |
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Performance & risk
| 5-year annualised return | 6.73% |
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| Sharpe ratio | 0.12 |
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| Standard deviation | 15.48% |
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| Max drawdown | -38.37% |
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| Alpha | -5.08 |
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| Beta | 0.95 |
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Over 5 years, captured 77.9% of Nifty 500's upside and 97.2% of its downside.
Market cap allocation
| Large cap | 53.3% |
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| Mid cap | 19.0% |
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| Small cap | 27.7% |
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Concentration
| Top 5 holdings | 33.0% |
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| Top 10 holdings | 51.5% |
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| Total holdings | 30 |
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| Index overlap | 26.1% |
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| Active share | 73.9% |
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Top holdings
- ICICI Bank Ltd. — 9.1%
- HDFC Bank Ltd. — 8.8%
- Net Receivables / (Payables) — 8.4%
- Bharti Airtel Ltd. — 5.9%
- One 97 Communications Limited — 4.7%
- Infosys Ltd — 4.4%
- Reliance Industries Ltd — 4.4%
- Maruti Suzuki India Ltd. — 4.1%
- Eternal Limited — 3.8%
- Bajaj Finance Limited — 3.2%
Top sectors
- Banking & Financial — 19.2%
- Retail — 10.9%
- Automobile — 7.2%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -1.7% | Q4 (Bottom) | #22 of 28 |
| 2025 | 2.4% | Q3 | #19 of 28 |
| 2024 | 16.2% | Q3 | #20 of 27 |
| 2023 | 17.2% | Q4 (Bottom) | #25 of 25 |
| 2022 | -6.8% | Q4 (Bottom) | #19 of 22 |