Mirae Asset Focused Fund Review

Mirae Asset is a south-korean based investment manager company. It was founded in 1997 by Park Hyeon-Joo and within a few years of its launch, it has gained investors trust.

Mirae has entered Indian mutual fund industry in 2007-2008 and created wealth to Indian investors through their funds. Of them, we are discussing about Mirae Asset Focused Fund, an undisputed wealth creator.

Mirae asset Focused Fund- Investment Strategy– This scheme is a “Focused” Fund concentrates on 30(Maximum)stocks in their portfolio.

Under any circumstances, their maximum holdings doesn’t exceed 30 stocks.

Coming to it’s investment objective– The scheme aims to derive capital appreciation in equity or equity related instruments across all segments with limited exposure to 30 stocks.

Though the scheme aims for capital appreciation, there is no guarantee that the objective is fulfilled. It is subject to “Market Risks“.

Investors should consult their financial advisor whether this scheme would be suitable for them or not according to their risk profile.

Mirae Asset Focused Fund Details

1.Scheme Launch Date- 15th May,2019

2. Returns since Launch-37.13%(Direct Plan)34.95% (Regular Plan)(Subject to change daily on market movements)

3.Benchmark- Nifty 200 Total Return Index

4.Latest NAV- 21.614(Direct Plan), 20.65(Regular Plan)

5. Minimum Investment-5000 rupees for lumpsum, 1000 rupees for sip

6.Minimum Additional Investment-1000 rupees

7.Exit Load- 1% if redeemed on or before 365 days from the allotment date.

8.Fund Manager- Gaurav Mishra(Since 2019 April 23rd)

Mirae Focused Fund Sheme Performance– Mirae asset Focused Fund has consistently outperformed its benchmark Nifty 200 across all periods and gives compartively better returns than its peer groups.

Though it was launched back in 2019 May, it has consistently beaten its benchmark and peer groups of other mutual fund schemes.

As per latest data, as on October 15th, the scheme returns are as follows-

Fund’s PerformanceYear-to-Date1 Day1 Week1 Month3 Months6 Months1 Year
Mirae Asset Focused Fund45.770.893.476.2016.8134.1268.98
Scheme Benchmark Returns38.370.883.145.8315.6730.1563.63
(As on Oct 15,2021)

The returns are of direct plan and are subject to change daily on the market movements.

PerformanceYear-to-Date1 Day1 Week1 Month3 Months6 Months1 Year
Scheme Benchmark Returns38.370.883.145.8315.6730.1563.63
Scheme Performance44.070.893.446.0816.3933.1566.47

Data as on October 15th,2021 and of ‘Regular Plan”.

By noticing the above table, we can conclude Mirae Asset Focused Fund has outperformed its benchmark in all time periods for both Regular and Direct Plans.

This should be considered while taking a decision to invest in this scheme or not. Please note that past performance may or may not be sustained in future. Consult your financial advisor whether this scheme would be suitable to you or not!

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