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Mirae Asset Focused Fund Direct - Growth Mirae Asset Focused Fund Direct - Growth Mirae Asset Focused Fund Direct - Growth Mirae Asset Focused Fund Direct - Growth - Get latest updates on NAV, Dividends, Returns, Performance, Risks & Portfolio. Invest now! Paisabazaar INR 5000 1

Equity Multi Cap

PLAN: GROWTH TYPE : OPEN-ENDED OPTION: Growth

1 Yr return

7.91%

5 Yrs CAGR returns

NA

NAV as on 03 Feb

₹ 11.95 by 0.18 ( 2.25%)

Expense ratio

0.32

Exit load

1%

Fund Size (Cr)

₹ 949.45


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Performance Graph*
Returns Calculator
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If ₹5000 invested for 1

Estimated returns*

₹ 0

with % annual returns

Direct Funds
Estimated amount
₹ 10,27,000
Regular Funds
Estimated amount
₹ 9,91,000

* The calculator, based on assumed rate of returns, is meant for illustration purposes only.More

The calculations are not based on any judgments of the future return and should not be construed as promise on minimum returns. Information gathered and material used in this calculator is believed to be from reliable sources. Paisabazaar however does not warrant the accuracy, reasonableness and/or completeness of any such information. While utmost care has been exercised while preparing the calculator, Paisabazaar does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator.

investment objective

The scheme seeks to generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies.

Tax Implications

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

riskometer
Top Holdings
Top 10 Sectors %
Financial 106.51
Energy 52.79
Technology 47.44
Automobile 29.01
Health Care 28.46
Engineering 25.49
FMCG 24.52
Construction 18.98
Communication 16.64
Cons Durable 14.99
Top 10 Sectors %
Banking 11.02
Banking 10.21
Banking 10.17
Crude Oil & Natural Gas 9.95
Banking 9.77
Crude Oil & Natural Gas 8.71
Crude Oil & Natural Gas 8.58
Computer Software 8.55
Computer Software 8.54
Computer Software 8.51
Fund house details
Fund House Mirae Mutual Fund
Fund Manager Gaurav Misra
Fund Setup Date 23 Apr 2019
Address Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East),
Contact 022- 67800301 / 1800 2090 777
Email ID customercare@miraeassetmf.co.in
More About This Fund

About Mirae Focused Fund

Mirae Focused Fund is an open ended equity investment mutual fund that focuses on maximum 30 stocks with the objective of capital appreciation. These 30 stocks are from firms pan capitalizations. With focused but multi cap approach to investments, Mirae Focused funds aims at building a robust and flexible portfolio to avoid concentration risk and liquidity risk.

It aims to reflect its attractive investment techniques through investments in equities of strong growth companies. It is suitable for moderate high risk tolerant investors who aim for wealth creation in the long term.

Who should Invest?

  • Investors who can stay invested in the fund for a long term and are seeking wealth creation
  • Investors looking for diverse, flexible and multi-cap as well as focused portfolio with stocks of maximum 30 firms, that can perform in normal as well as a polarized market
  • Investors having some moderate high risk appetite as it strategizes to earn high returns  with high risk-return profile keeping the number of firms limited

Risks

It comes with its own associated risks with equity funds and concentration risks of focused funds. Although the fund manager attempts to keep it free from concentration and liquidity risks,however it is not completely free from it..

Also Read: How to Invest in Best Multi Cap Funds in 2020

Will You Pay Tax?

If you withdraw or redeem the units before one year of investment, Short Term Capital Gains Tax of 15% is levied. Whereas, Long Term Capital Gains Tax above ₹1 lakh will be taxed at 10% after completion of 1 year of investment.

Let’s say, an individual has ₹2 lakh disposable taxable income in a given financial year, and s/he decides to invest the amount in ELSS. ₹1.5 lakh out of this amount would be exempted from any taxation.₹50,000 would be taxed as per the income tax slab of the investor.

It should be noted that the investment in ELSS remains locked-in for 3 years.

The returns from ELSS are taxed like that from any other equity mutual fund scheme. However, since the units can’t be redeemed before 3 years of investment, only Long Term Capital Gains Tax of 10% above ₹1 lakh will be levied.

Suppose an investor has made a capital gain of ₹1.5 lakh on investment in this scheme, and withdraws the amount after 1 year of investment, Long Term Capital Gains Tax of 10% would be levied on ₹50000. ₹1Lakh is exempted from taxation. The payable tax would be ₹5000.

Here are Our Recommended ELSS Funds: Best ELSS funds to invest in 2020

How to Invest in Mirae Focused Fund?

  • Sign Up/Sign In to Paisabazaar.com and go to ‘Browse by AMCs
  • Click on the section of Mirae Asset Management Company Ltd.
  • Scroll or type and search directly by the name of the Mirae Focused Fund. Once it opens up, look at the details. You can also compare similar funds as well as use SIP Calculator or Lumpsum Calculator to estimate the future value of your investment.
  • Click on ‘Invest Now’, select either Lump sum or SIP

Why Should you Choose Paisabazaar?

  • Trusted website, no commission charges and no paperwork
  • You can compare more than 1,700 Funds at one platform instead of visiting the website of each AMC and then searching for numerous funds
  • Easy to browse as Funds are segregated under Equity, Debt, Large Cap, ELSS, etc. You can further add filters of ratings, returns, fund houses
  • Important scheme details such as latest Net Asset Value (NAV), expense ratio, assets under management, etc are also available on the portal, making it easier for consumers to pick a suitable fund

Also Know: How is NAV Calculated with an Example

FAQs

Q. What is the meaning of multi cap?
A. SEBI classifies all Indian companies on the basis of their capital accruement. It is classified in to large, medium and small companies. The top 100 are large, the next 250 are medium sized and the rest are small ones. When a fund invests in companies of multiple types of capitalizations, it is known as a multi capitalization fund or multi cap fund.

Q. Does Mirae Focused Fund come under Section 80C or offers tax benefits?
A. Mirae Focused Fund is not a tax saver fund and does not come under Section 80C.

Q. Is it beneficial to invest via open-ended (lumpsum) or SIP?
A. SIP is considered an efficient and convenient mode of investment that is profitable for long-term investors. It also reduces financial burden as one needs to invest periodically and one can start with amount as low as Rs. 500 or Rs. 1000 per month.

Q. What is the entry load for this fund?
A. There is no applicable entry load on the aforementioned fund.

Q. What is the exit load for this scheme?
A. If an investor redeems the purchased units within 1 year of allotment of units, an exit load of 1% is payable by the investor. However, no exit load is levied for redemption of units after 1 year of purchase.

Q. Is there any lock-in period for investment in this scheme?
A. No. Investors can redeem their investment as per their wish and needs.

Q. What is the fund manager’s style of investment?
A. Mr. Gaurav Misra is the fund manager since January 2019 who looks out for quality equities to make the best possible investments that generate higher returns for investors over a period of time.