Mirae Asset Focused Fund
FocusedVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹26.11+0.40%1 day
- Return since launch
- 13.6%
- 52-week range
- ₹20.86 — ₹26.29
- AUM
- ₹6,350 Cr
Mirae Asset Focused Fund is a Focused equity fund from Mirae Asset Mutual Fund with ₹6,350 Cr under management, launched in 2019. Over three years it has returned 5.7% a year, against 12.5% for its category. The expense ratio is 2.16% and the SEBI riskometer reading is Very High.
Performance
Mirae Asset Focused Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -0.2% against +2.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 13.7% | +9.9 pts | 3.8% | 9.2% |
| 2Y | 5.7% | −1.2 pts | 6.9% | 6.2% |
| 3Y | 5.7% | −6.8 pts | 12.5% | 6.3% |
| 5Y | 7.3% | −2.1 pts | 9.4% | 10.0% |
| 7Y | 10.1% | −2.9 pts | 13.0% | 12.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 7.6% | +0.8 pts | 6.9% | 6.9% |
| 3M | 3.2% | +3.2 pts | -0.0% | 0.3% |
| 6M | 12.8% | +5.9 pts | 6.9% | 6.8% |
| 1Y | 0.1% | −3.7 pts | 3.8% | 2.8% |
| 2Y | 1.2% | −2.5 pts | 3.6% | 3.2% |
| 3Y | 9.1% | −3.4 pts | 12.5% | 11.6% |
| 5Y | 4.8% | −4.6 pts | 9.4% | 8.8% |
| 7Y | 12.3% | −1.6 pts | 13.9% | 13.4% |
Since launch (23 Apr 2019): 13.6%
Calendar-year returns
Category average21.2%
39.6%
-6.8%
17.2%
16.1%
2.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 2.4% | −3.6 pts | 6.0% |
| 2024 | 16.1% | −4.8 pts | 20.9% |
| 2023 | 17.2% | −10.5 pts | 27.7% |
| 2022 | -6.8% | −9.2 pts | 2.4% |
| 2021 | 39.6% | +6.4 pts | 33.2% |
| 2020 | 21.2% | +3.7 pts | 17.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.14%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.55%
- Brokerage
- 0.10%
- Transaction charges
- 0.01%
- Statutory levies
- 0.48%
- Exit load
- Exit load of 1% if redeemed within 1 year.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -2.15 | 5.18 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.93 | 0.92 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.17 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.22 | 0.87 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.66 | 15.56 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mirae Asset Focused Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity89.6%
- Debt0.8%
- Other9.6%
Market cap split
- Large52.1%
- Mid20.9%
- Small27.0%
- P/E
- 28.13
- P/B
- 3.42
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 9.72% | ₹617 Cr | +1.25% | -0.55% | -0.64% |
| HDFC Bank Ltd. | Financial | 8.63% | ₹548 Cr | +9.46% | +9.13% | +10.05% |
| ICICI Bank Ltd. | Financial | 8.27% | ₹525 Cr | +8.79% | +8.68% | +7.56% |
| Bharti Airtel Ltd. | Communication | 5.51% | ₹350 Cr | +5.61% | +5.87% | +3.85% |
| Reliance Industries Ltd. | Energy | 5.00% | ₹317 Cr | +4.42% | — | — |
| One 97 Communications Ltd. | Services | 4.80% | ₹305 Cr | +4.55% | +4.29% | +4.44% |
| Bajaj Finance Ltd. | Financial | 4.31% | ₹274 Cr | +3.13% | — | — |
| Infosys Ltd. | Technology | 4.08% | ₹259 Cr | +3.96% | +5.39% | +6.54% |
| Eternal Ltd. | Services | 3.68% | ₹234 Cr | +3.74% | +4.20% | +2.56% |
| Maruti Suzuki India Ltd. | Automobile | 3.60% | ₹229 Cr | +4.10% | +3.45% | +4.80% |
| Siemens Energy India Ltd. | Energy | 3.46% | ₹220 Cr | +2.19% | +2.94% | +0.98% |
| Ratnamani Metals & Tubes Ltd. | Metals & Mining | 3.21% | ₹204 Cr | +2.90% | +3.00% | +1.76% |
| Kalpataru Projects International Ltd. | Capital Goods | 3.17% | ₹201 Cr | +3.03% | +3.17% | +2.28% |
| Sona BLW Precision Forgings Ltd. | Automobile | 2.92% | ₹185 Cr | +3.14% | +3.67% | +2.49% |
| Manipal Health Enterprises Ltd. | Healthcare | 2.74% | ₹174 Cr | — | — | — |
| Sapphire Foods India Ltd. | Services | 2.74% | ₹174 Cr | +2.30% | +2.23% | +3.59% |
| Arvind Fashions Ltd. | Textiles | 2.74% | ₹174 Cr | +3.22% | +3.05% | +2.95% |
| SKF India (Industrial) Ltd. | Capital Goods | 2.59% | ₹164 Cr | +3.70% | +3.00% | — |
| Gujarat Fluorochemicals Ltd. | Chemicals | 2.42% | ₹153 Cr | +2.47% | +2.90% | +2.88% |
| SBI Life Insurance Company Ltd. | Insurance | 2.09% | ₹133 Cr | +2.19% | — | — |
| Equitas Small Finance Bank Ltd. | Financial | 1.98% | ₹126 Cr | +1.14% | — | — |
| Sobha Ltd. | Construction | 1.98% | ₹126 Cr | +2.16% | +2.07% | +1.93% |
| Syngene International Ltd. | Healthcare | 1.85% | ₹118 Cr | +2.30% | +2.71% | +3.17% |
| Orient Electric Ltd. | Consumer Discretionary | 1.68% | ₹106 Cr | +1.95% | +2.19% | +2.14% |
| National Stock Exchange | Financial | 1.54% | ₹97.58 Cr | — | — | — |
| Kanohar Electricals Ltd. | Capital Goods | 1.40% | ₹88.81 Cr | — | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 1.02% | ₹64.98 Cr | +2.54% | +2.59% | +2.67% |
| Steel Authority Of India Ltd. | Metals & Mining | 0.94% | ₹59.39 Cr | — | — | — |
| Mirae Asset Money Market Fund Direct - Growth | Unclassified | 0.65% | ₹41.17 Cr | +0.62% | — | — |
| Dhoot Transmission Ltd. | Capital Goods | 0.61% | ₹38.46 Cr | — | — | — |
| INDO-MIM Ltd. | Capital Goods | 0.45% | ₹28.82 Cr | — | — | — |
| GSPL Transmission Ltd. | Energy | 0.23% | ₹14.49 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Life Insurance Corporation of India | 4.31% | 0.00% | -4.31% |
| Bharat Petroleum Corporation Ltd. | 1.84% | 0.00% | -1.84% |
| National Stock Exchange | 0.00% | 1.54% | +1.54% |
| Kanohar Electricals Ltd. | 0.00% | 1.40% | +1.40% |
| Bajaj Finance Ltd. | 2.93% | 4.31% | +1.39% |
| KPIT Technologies Ltd. | 1.02% | 0.00% | -1.02% |
| Steel Authority Of India Ltd. | 0.00% | 0.94% | +0.94% |
| ICICI Bank Ltd. | 9.05% | 8.27% | -0.78% |
| One 97 Communications Ltd. | 5.54% | 4.80% | -0.74% |
| SKF India (Industrial) Ltd. | 3.14% | 2.59% | -0.55% |
| Dhoot Transmission Ltd. | 1.13% | 0.61% | -0.52% |
| HDFC Bank Ltd. | 8.12% | 8.63% | +0.51% |
| Siemens Energy India Ltd. | 3.03% | 3.46% | +0.43% |
| Reliance Industries Ltd. | 4.59% | 5.00% | +0.41% |
| FSN E-Commerce Ventures Ltd. | 1.33% | 1.02% | -0.31% |
| Infosys Ltd. | 4.38% | 4.08% | -0.30% |
| Arvind Fashions Ltd. | 3.01% | 2.74% | -0.27% |
| Maruti Suzuki India Ltd. | 3.83% | 3.60% | -0.23% |
| Ratnamani Metals & Tubes Ltd. | 2.98% | 3.21% | +0.23% |
| Bharti Airtel Ltd. | 5.34% | 5.51% | +0.17% |
| Others | 0.51% | 0.34% | -0.16% |
| INDO-MIM Ltd. | 0.60% | 0.45% | -0.15% |
| Kalpataru Projects International Ltd. | 3.02% | 3.17% | +0.14% |
| Orient Electric Ltd. | 1.79% | 1.68% | -0.12% |
| Sapphire Foods India Ltd. | 2.85% | 2.74% | -0.11% |
| Eternal Ltd. | 3.57% | 3.68% | +0.11% |
| Sona BLW Precision Forgings Ltd. | 2.81% | 2.92% | +0.11% |
| Equitas Small Finance Bank Ltd. | 1.88% | 1.98% | +0.11% |
| Gujarat Fluorochemicals Ltd. | 2.52% | 2.42% | -0.10% |
| SBI Life Insurance Company Ltd. | 2.01% | 2.09% | +0.07% |
| Sobha Ltd. | 1.91% | 1.98% | +0.07% |
| Syngene International Ltd. | 1.91% | 1.85% | -0.06% |
| Mirae Asset Money Market Fund Direct - Growth | 0.61% | 0.65% | +0.04% |
| Manipal Health Enterprises Ltd. | 2.78% | 2.74% | -0.04% |
| GSPL Transmission Ltd. | 0.23% | 0.23% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹20,559 Cr | 1.91% | 13.8% | 10.4% | 14.6% |
 SBI Focused Fund | ₹50,423 Cr | 1.55% | 14.7% | 13.3% | 14.3% |
 HDFC Focused Fund | ₹26,553 Cr | 1.71% | 10.0% | 8.9% | 14.7% |
 ICICI Prudential Focused Fund | ₹17,248 Cr | 2.10% | 7.7% | 9.3% | 14.7% |
 Invesco India Focused Fund | ₹6,486 Cr | 1.92% | 28.7% | 12.8% | 17.5% |
 Bandhan Focused Fund | ₹2,087 Cr | 2.29% | 8.1% | 7.5% | 11.9% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies.
Fund managers
- Gaurav MisraMr. Misra has done BA ECO (HONS) and MBA, IIM LucknowMr. Misra has over 24 years of experience in investment management and equity research functions. Prior to joining Mirae Asset Mutual Fund, he has worked as Senior Portfolio Manager with ASK Investment Managers Limited.
- Varun GoelMr. Goel has done B.Tech and MBA in Finance & MarketingPrior to joining Mirae Asset Mutual Fund, he has worked with Nippon India Mutual Fund, Motilal Oswal Asset Management Company Ltd., Karvy Stock Broking and KC Portfolio Management
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months12.82% absolute | ₹60,000 | ₹67,692 | 12.82% | |
| 1 year0.06% annualised | ₹1,20,000 | ₹1,20,039 | 0.03% | |
| 3 years9.07% annualised | ₹3,60,000 | ₹4,15,077 | 15.30% | |
| 5 years4.78% annualised | ₹6,00,000 | ₹6,78,951 | 13.16% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Mirae Asset Focused Fund?
The NAV of Mirae Asset Focused Fund is ₹26.11 as on 9 Nov 2026.
What is the expense ratio of Mirae Asset Focused Fund?
The expense ratio of Mirae Asset Focused Fund is 2.16% per year.
What is the minimum SIP amount for Mirae Asset Focused Fund?
You can start a SIP in Mirae Asset Focused Fund with ₹3,000 a month.
What returns has Mirae Asset Focused Fund given?
Mirae Asset Focused Fund has returned 13.7% over 1 year, 5.7% over 3 years and 7.3% over 5 years (annualised).
Is there a lock-in or exit load on Mirae Asset Focused Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 1 year..
How risky is Mirae Asset Focused Fund?
Mirae Asset Focused Fund is rated Very High on the SEBI riskometer and belongs to the Focused category.
Which fund house manages Mirae Asset Focused Fund?
Mirae Asset Focused Fund is managed by Mirae Asset Mutual Fund, which runs 54 schemes with ₹2,45,364 Cr under management.