EquityFocused FundDirectIDCWVery High

Mirae Asset Focused Fund

Q: What is the NAV of Mirae Asset Focused Fund?

As of 05 Oct 2026, the NAV of Mirae Asset Focused Fund is ₹24.70 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Mirae Asset Focused Fund delivered?

Mirae Asset Focused Fund has returned -4.06% over 1 year, +4.16% per year over 3 years, +3.73% per year over 5 years and +13.06% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Mirae Asset Focused Fund?

Mirae Asset Focused Fund charges an expense ratio of 0.99% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Mirae Asset Focused Fund?

Mirae Asset Focused Fund's largest holdings are ICICI Bank Ltd. (9.1%), HDFC Bank Ltd. (8.1%), One 97 Communications Ltd. (5.5%), Bharti Airtel Ltd. (5.3%) and Reliance Industries Ltd. (4.6%). Holdings are disclosed monthly and change over time.

Q: How risky is Mirae Asset Focused Fund?

Mirae Asset Focused Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.4% and its worst peak-to-trough fall in our sample was -38.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.16 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Mirae Asset Focused Fund's -0.16 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Mirae Asset Focused Fund?

Mirae Asset Focused Fund is benchmarked against the Nifty 500 (TRI). Its alpha and beta on this page are measured against that index.

Q: Who manages Mirae Asset Focused Fund?

Mirae Asset Focused Fund is managed by Gaurav Misra and Varun Goel at Mirae Asset.

Q: How is Mirae Asset Focused Fund taxed?

Mirae Asset Focused Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Mirae Asset Mutual Fund · Best Focused Mutual Funds

NAV

₹24.70

+0.57% 1D

as of 05 Oct 2026

This is the Direct plan of Mirae Asset Focused Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+7.10% 3Y CAGR)

Performance

-4.82%absolute

52-week rangePrev NAV ₹24.56

Latest ₹24.70

Low ₹21.0465th percentile of its 52-week rangeHigh ₹26.63

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.

Performance—

Not enough Focused Fund peers to rank yet

Risk—

Volatility 14.4% (no category average yet)

Cost—

1.0% expense (no category average yet)

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.99%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

22.09

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.16

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switchin/STP - in) on or before completion of 365 days from the date of allotment of units: Nil. b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: NIL II. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: NIL

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty 500 (TRI)

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

15 May 2019

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.02%

Absolute return over the last 3 months (not annualized)

+0.37%

Absolute return over the last 6 months (not annualized)

+14.09%

Absolute return since 1 Jan of this year (not annualized)

-5.61%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-4.06%

3-year annualized return (CAGR)

+4.16%

5-year annualized return (CAGR)

+3.73%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+13.06%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.37%

Excess return per unit of total volatility (rf = 6.5%)

-0.16

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.21

Largest peak-to-trough decline over full history

-38.23%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

-4.87%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.94

How much of the fund's movement Nifty 500 TRI explains

77.8%

Excess return per unit of beta (market risk)

-2.59

Active return over the benchmark per unit of tracking error

-0.71

Annualized std dev of fund-minus-benchmark returns

7.95%

Fund's share of benchmark gains in up months (100 = matches index)

77.8%

Fund's share of benchmark losses in down months (lower is better)

98.3%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Focused Fund)

Period	Fund	Category avg.	Diff
1M abs	-4.02%	—	—
3M abs	+0.37%	—	—
6M abs	+14.09%	—	—
1Y CAGR	-4.06%	—	—
3Y CAGR	+4.16%	—	—
5Y CAGR	+3.73%	—	—

Category average across peers in Focused Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.64L

Absolute

+10.71%

XIRR

+4.15%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Mirae Asset Focused Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-5.61%	-7.18%	+1.57%
2025	+3.65%	+7.94%	-4.29%
2024	+8.20%	+16.43%	-8.23%
2023	+18.58%	+27.43%	-8.85%
2022	-5.62%	+4.34%	-9.96%
2021	+41.62%	+31.59%	+10.03%
2020	+23.12%	+18.33%	+4.79%
2019part	+19.98%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

1,822

Expense ratio

0.99%

AUM

₹6,527Cr

Portfolio turnover

56%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

22.1

P/B ratio

4.0

Avg market cap

₹4,44,387Cr

P/E & P/B are portfolio-weighted harmonic means across 20 of 30 equity holdings (74% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Focused Fund

Compare all


Mirae Asset Focused FundThis fund Mirae Asset · Direct · IDCW	—	-4.06%	+4.16%	+3.73%	—	0.99%	₹6,527Cr
SBI Focused Fund SBI · Direct · IDCW	—	+8.49%	+14.35%	+10.91%	—	0.84%	₹44,948Cr
ITI Focused Fund ITI · Direct · IDCW	—	-1.68%	+13.95%	—	—	0.90%	₹567.11Cr
Kotak Focused Fund Kotak Mahindra · Direct · IDCW	—	+1.89%	+13.81%	+10.87%	—	0.74%	₹4,062Cr
Quant Focused Fund quant · Direct · IDCW	—	+7.80%	+13.74%	+12.62%	—	1.87%	₹814.47Cr
Invesco India Focused Fund Invesco · Direct · IDCW	—	-6.17%	+12.18%	+7.49%	—	0.69%	₹5,225Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap62.6%
Mid cap10.8%
Small cap26.6%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity93.47%
Cash & Equivalents5.93%
Other0.61%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Mirae Asset Large Cap Fund Mirae Asset · Large Cap Fund	47.7%	★★★☆☆	0.75%	+7.56%
UTI Balanced Advantage Fund UTI · Dynamic Asset Allocation or Balanced Advantage	43.2% of 68% equity	★★☆☆☆	0.91%	+7.68%
ICICI Prudential Value Fund ICICI Prudential · Value Fund	41.0%	★★★★☆	1.08%	+10.76%
SBI BSE Sensex Index Fund SBI · Index Funds	41.0%	★☆☆☆☆	0.24%	+4.20%
Nippon India Index Fund - BSE Sensex Nippon India · Index Funds	40.9%	★★☆☆☆	0.21%	+4.26%
HDFC BSE Sensex Index Fund HDFC · Index Funds	40.9%	★★☆☆☆	0.22%	+4.25%
Tata BSE Sensex Index Fund Tata · Index Funds	40.9%	★★☆☆☆	0.33%	+4.15%
Nippon India ETF BSE Sensex Nippon India · Other ETFs	40.9%	—	0.04%	+4.47%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-38.2%24 Jan 2020 → 23 Mar 2020
Fell over 2 months, back to the old high on 26 Aug 2020 — 5 months under water after the low.
-21.0%18 Sep 2025 → 30 Mar 2026
Still below that high — 6 months down, and no recovery yet.
-20.0%17 Jan 2022 → 20 Jun 2022
Fell over 5 months, back to the old high on 20 Jul 2023 — 13 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹6,527Cr

April - June 2026

-7%

since January - March 2026

−₹122.69Cr

est. net flow, last quarter

Down +7% from its peak of ₹7,045Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Mirae Asset Mutual Fund is the Indian arm of Mirae Asset, the South Korean manager, and has operated here since 2008. Its growth came largely from a small number of large equity schemes rather than a wide line-up.

Launched

29 Nov 2007

Total AUM

₹2,37,421Cr+5.5% QoQ

Avg AUM · July - September 2026

Website

miraeassetmf.co.in

Fund Managers

GMGaurav MisraManaging since 14 May 2019

Role

Head Equity

Education

MBA from IIM Lucknow and BA Economics (Hons) from St Stephen’s College

Experience

Mr. Gaurav Misra has over 28 years of experience in investment management and equity research functions. Prior to this he has worked as Senior Portfolio Manager with ASK Investment Managers Limited.

Funds managed (1)

Mirae Asset Large Cap Fund

All schemes Gaurav Misra runs →

VGVarun GoelManaging since 22 Jun 2026

Role

Senior Fund Manager- Equity

Education

BTech (Mechanical Engineering), IIT Delhi PGDM (Finance & Marketing), IIM Lucknow

Experience

Mr. Varun Goel has around 18 years of experience in Fund management & Equity Research. Prior to this assignment, Mr. Goel was fund manager for Equity AIF funds at Nippon Life India AIF Management Limited. Additionally, Mr. Goel has also worked with Motilal Oswal Asset Management Company Limited, Karvy Stock Broking, KC Securities and Kotak Securities. Other Scheme manged by Mr. Goel: • Mirae Asset Small Cap Fund

Funds managed (2)

All schemes Varun Goel runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Gaurav Misra Varun Goel

Top holdings

ICICI Bank Ltd.HDFC Bank Ltd.One 97 Communications Ltd.Bharti Airtel Ltd.Reliance Industries Ltd.Infosys Ltd.Life Insurance Corporation of India Maruti Suzuki India Ltd.Eternal Ltd.SKF India (Industrial) Ltd.Siemens Energy India Ltd.Kalpataru Projects International Ltd.

Mirae Asset in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Focused funds

Focused funds hold a concentrated portfolio of at most 30 stocks. Higher conviction can mean higher returns, but a few positions carry more of the outcome — so more concentration risk.

Frequently asked questions

What is the NAV of Mirae Asset Focused Fund?

As of 05 Oct 2026, the NAV of Mirae Asset Focused Fund is ₹24.70 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Mirae Asset Focused Fund delivered?

Mirae Asset Focused Fund has returned -4.06% over 1 year, +4.16% per year over 3 years, +3.73% per year over 5 years and +13.06% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Mirae Asset Focused Fund?

Mirae Asset Focused Fund charges an expense ratio of 0.99% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Mirae Asset Focused Fund?

Mirae Asset Focused Fund's largest holdings are ICICI Bank Ltd. (9.1%), HDFC Bank Ltd. (8.1%), One 97 Communications Ltd. (5.5%), Bharti Airtel Ltd. (5.3%) and Reliance Industries Ltd. (4.6%). Holdings are disclosed monthly and change over time.

How risky is Mirae Asset Focused Fund?

Mirae Asset Focused Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.4% and its worst peak-to-trough fall in our sample was -38.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.16 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Mirae Asset Focused Fund's -0.16 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Mirae Asset Focused Fund?

Mirae Asset Focused Fund is benchmarked against the Nifty 500 (TRI). Its alpha and beta on this page are measured against that index.

Who manages Mirae Asset Focused Fund?

Mirae Asset Focused Fund is managed by Gaurav Misra and Varun Goel at Mirae Asset.

How is Mirae Asset Focused Fund taxed?

Mirae Asset Focused Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.