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/Entities.
Growthvine rating: 1/5 — ranked #28 of 28 in category.
Fund basics
| Category | Equity: Focused |
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| NAV | ₹24.20 (as of 2026-10-01) |
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| AUM | ₹6,635 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 | 4.52% |
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| Sharpe ratio | 0.19 |
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| Standard deviation | 15.58% |
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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 78.5% of Nifty 500's upside and 96.1% of its downside.
Market cap allocation
| Large cap | 53.5% |
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| Mid cap | 16.3% |
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| Small cap | 30.2% |
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Concentration
| Top 5 holdings | 32.6% |
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| Top 10 holdings | 51.9% |
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| Total holdings | 30 |
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| Index overlap | 25.3% |
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| Active share | 74.7% |
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Top holdings
- ICICI Bank Ltd. — 9.1%
- HDFC Bank Ltd. — 8.1%
- One 97 Communications Limited — 5.5%
- TREPS — 5.4%
- Bharti Airtel Ltd. — 5.3%
- Reliance Industries Ltd — 4.6%
- Infosys Ltd — 4.4%
- LIFE INSURANCE CORPORATION OF INDIA — 4.3%
- Maruti Suzuki India Ltd. — 3.8%
- Eternal Limited — 3.6%
Top sectors
- Banking & Financial — 19.0%
- Retail — 9.8%
- Automobile — 7.8%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −7.0% | Q3 | #19 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 |