Mirae Asset Management Company came out with New Fund Offer (NFO) of Mirae Asset Focused Fund on 23rd April 2019 and is open till 7th May 2019. This is an open-ended equity fund investing in a maximum of 30 stocks intending to focus in large cap, mid cap, and small cap category.

Minimum amount to be invested is ₹ 5000/- (plus in multiples of Re.1 thereafter). The Fund Managers of this fund is Mr. Gaurav Misra.

This is a multi-cap fund where flexibility is provided by investing across market caps and across sectors.

Key Details

 

NFO Name

Mirae Asset Focused Fund
NFO Launch Date 23rd April 2019
Last Date for Application 7th May 2019
Minimum Investment Amount ₹ 5000/- (plus in multiples of Re.1 thereafter)
Fund Type Multi-Cap Fund
Nature Open-ended
Fund Managers Mr. Gaurav Misra
Risk Moderately High
Benchmark NIFTY 200 Index (TRI)

How to Invest in Mirae Asset Focused Fund?

 

If you want to invest in this NFO, the following steps must be followed.

  • Log in to your Groww account. If you are a new user,  sign up first– it operates online and takes 2-3 working days.
  • Decide the amount you would like to invest in Mirae Asset Focused Fund
  • Email Groww support to support@groww.in, specifying the amount and the name of the NFO.

When investing in this NFO, an investor must remember that it is an open-ended mutual fund. Also, the investor needs to invest at least ₹ 5000 in it. This is an equity oriented mutual fund with investments limited to a maximum of 30 stocks.

Options Available For Mirae Asset Focused Fund

The fund aims to generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies across market cap and sectors. Various options available for Mirae Asset Focused Fund are:

  • Mirae Asset Focused Fund-Regular Plan (Growth Option)
  • Mirae Asset Focused Fund-Regular Plan (Dividend Option- Payout)
  • Mirae Asset Focused Fund-Regular Plan (Dividend Option- Reinvestment)
  • Mirae Asset Focused Fund-Direct Plan (Growth Option)
  • Mirae Asset Focused Fund-Direct Plan (Dividend Option- Payout)
  • Mirae Asset Focused Fund-Direct Plan (Dividend Option- Reinvestment)

Mirae Asset Focused Fund opened for subscription on 23rd April 2019 and will stay open till 7th May 2019. This is an open-ended multi-cap equity fund which focuses to invest in not more than 30 stocks.

Investment Style

blue chip companies

Mirae Asset Focused Fund is an open-ended equity fund investing in a maximum of 30 stocks intending to focus in large cap, mid cap, and small cap category.

It has a focused approach on investments which are limited to a maximum of 30 stocks. It provides flexibility to invest across market capitalization by investing in large, mid and small cap companies.

It aims to build a portfolio of strong growth companies, reflecting the most attractive investment ideas and also aims to create a robust portfolio to avoid concentration and liquidity risk.

Asset Allocation

Type of Instruments Minimum Allocation Maximum Allocation Risk Profile
Indian equities and equity related securities 65 % 100 % High
Money market instruments/ debt securities/instruments and/or units of debt/liquid schemes of domestic mutual funds 0 % 35 % Low to Medium

The above allocation in equities will be diversified by investing in large cap, mid cap, and small cap companies. Majority of the portfolio will be comprised of equity followed by a small portion allocated to money market instruments/debt securities.

Fund Manager

Mr. Gaurav Misra

Mr. Gaurav Misra has a rich experience of over 23 years in fund management and research. Before joining Mirae Asset Mutual Fund, he was working with ASK Investment Managers Pvt. Ltd since 2005.

He is an MBA from IIM Lucknow and BA Economics (Hons) from St. Stephen’s College, Delhi. He also co-manages Mirae Asset India Equity Fund w.e.f 31st January 2019.

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Who Should Invest in This Fund?

Investors who are looking to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instrument of up to 30 companies across the large, mid and small-cap category.

Exit Load

If redeemed within 1 year from the date of allotment then an exit load of 1% is charged and if redeemed after 1 year from the date of allotment then no exit load is charged.

Mirae Asset Mutual Fund

Mirae Asset was established in November 2007 and is present in India as FII since 2004. Mirae Asset Mutual Fund is sponsored by Mirae Asset Global Investments Co. Limited.

Few investment principles of Mirae Asset include investing with a long-term perspective, identifying sustainable competitiveness of companies, assessing investment risks with expected returns.

At Mirae Asset our decision-making is guided by four core values- Clients First, Objectivity, Team Play, and Citizenship. Mirae Asset has global coverage with roots in the emerging markets, an independent asset management business and a diversified investment platform which acts as its core strengths.

Other options for investment by Mirae Asset Mutual Fund house are:

Fund Name 1Y 3Y 5Y Expense Ratio Turnover Ratio Category Risk
Mirae Asset Tax Saver Fund - Direct - Growth 13.38% 21.35% NA 0.24% 24% Equity
(ELSS)
Moderately High
Mirae Asset Emerging Bluechip Fund - Direct - Growth 13.66% 19.23% 21.77% 0.8% 34% Equity
(Large & Mid Cap)
Moderately High
Mirae Asset Hybrid - Equity Fund - Direct - Growth 13.32% 15.82% NA 0.32% 141% Hybrid
(Aggressive)
Moderately High
Mirae Asset Dynamic Bond Fund - Direct - Growth 11.29% NA NA 0.19% NA Debt
(Dynamic)
Moderate

ELSS Category

These are tax saving mutual funds with a lock-in period of 3 years. It is also called an equity-linked saving scheme which is equity oriented and is generally preferred by investors who are looking to save tax.

Mid-Cap Category

These funds are high risk – high return. They’re riskier than large-cap funds and invest in mid-cap companies.

Multi-Cap Category

These are the funds that an investor can invest in if he/she wants to get a diversified exposure across market cap and sectors. They are a very high risk too.

  • Mirae Asset India Equity Fund

Hybrid Category

These are mutual funds and ETFs that invest in more than one type of investment instrument, like equity and bonds

Debt Category

These funds mainly invest in bonds and other debt instruments and are ideal for investors who want to optimize their current income by taking low to moderate level of risk.

Conclusion

This fund offers different options for investment with majority of its asset allocation in equity. Investors willing to invest in this fund should understand that this is a multi-cap fund, that invests across different market caps and sectors and provides the benefit of diversification, but at the same time limits its portfolio to 30 stocks.

Also, while investing it should be kept in mind that this is a New Fund Offer and does not have a track record. So if someone is not comfortable in investing in an NFO then he/she can always look to invest in a mutual fund with a good track record.

Happy Investing!

Disclaimer: The views expressed in this post are that of the author and not those of Groww