| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.38% |
| NAV | ₹12.80 (23 Oct 2020) |
|---|---|
| Fund Started | 14 May 2019 |
| Fund Size | ₹3,524 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 9.9% |
| HDFC Bank Ltd. | Financial | Equity | 9.8% |
| Infosys Ltd. | Technology | Equity | 8.5% |
| ICICI Bank Ltd. | Financial | Equity | 7.0% |
| Bharti Airtel Ltd. | Communication | Equity | 3.8% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 3.6% |
| Larsen & Toubro Infotech Ltd. | Technology | Equity | 3.5% |
| Max Financial Services Ltd. | Financial | Equity | 3.0% |
| Voltas Ltd. | Cons Durable | Equity | 2.9% |
| Britannia Industries Ltd. | FMCG | Equity | 2.9% |
Mirae Asset Focused Fund Direct Growth is a Equity Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 14 May 2019. Gaurav Misra is the Current Fund Manager of Mirae Asset Focused Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹3,524 Cr and the Latest NAV as of 23 Oct 2020 is ₹12.80.
The Mirae Asset Focused Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year.
The scheme seeks to generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies.
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.