3 Year return

12.67%
Launched on April 2019 (5 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹7920.31 Cr.

Expense Ratio

0.59% (inclusive of GST)

Exit Load

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

Ratings

ARQ Rating
2.5

Ratings by other agencies

4
2
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Mirae Asset Mutual Fund Managers

GM

Gaurav Misra

Fund Manager since Apr 2019

View Details

Fund House Details

Mirae Asset Mutual Fund

Mirae Asset Mutual Fund Asset management company

AUM ₹164,467.60 Cr.
No. of Schemes 107
Setup Date NA

Peer Comparison

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Schemes by Mirae Asset Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

About Mirae Asset Focused Fund Direct IDCW Reinvestment

Mirae Asset Focused Fund Direct IDCW Reinvestment is an actively managed equity fund that invests in a portfolio of up to 30 stocks with various market capitalisations. The fund is managed by Mirae Asset Mutual Fund. It is a direct plan, i.e. there are no intermediaries. It is an IDCW Reinvestment scheme, which means that dividends are reinvested in the fund. This is an open-ended fund, meaning that investors can buy or sell fund units at any time during trading hours.

Investment Objective of the Scheme

The investment objective of Mirae Asset Focused Fund Direct IDCW Reinvestment is to provide long-term capital appreciation by investing in a diversified portfolio of up to 30 stocks of various market capitalisations. They aim to create a portfolio of strong growth companies to avoid concentration and liquidity risks.

Key Features of The Fund

5-year return 18.76%
Expense Ratio 0.59%
Fund Manager Gaurav Misra
Fund Size ₹7920.31 Cr
Risk Profile Very High

Is This Scheme Right for Me?

Mirae Asset Focused Fund Direct IDCW Reinvestment is a good option for investors who are looking for long-term growth and are willing to take on moderate risk. This is because the fund invests in a diversified portfolio of large-cap, mid-cap and small-cap stocks, which helps to reduce risk. However, the fund is still subject to market volatility, so investors should be prepared for the possibility of short-term risks.

AMC Contact Details

Name Mirae Asset Mutual Fund
Launch Date November 2007
Addresss Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098.
Contact 1800-2090-777
Email customercare@miraeasset.com
Website https://www.miraeassetmf.co.in/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Make Use of SIPs for Harnessing the Power of Compounding

To take advantage of compound interest, a lot of investors select Systematic Investment Plans (SIPs) for their mutual fund investments. By establishing a fixed amount of money to be invested every month, averaging the cost per unit over time, and mitigating the effects of market volatility, SIPs enable disciplined investing. Try the free mutual fund SIP calculator from Angel One to plan your investment and get an idea of possible returns.

FAQs

What is today's NAV of Mirae Asset Focused Fund Direct IDCW Reinvestment?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Mirae Asset Focused Fund Direct IDCW Reinvestment Jun 21 2024 is 23.124

What is the AUM of Mirae Asset Focused Fund Direct IDCW Reinvestment?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Mirae Asset Focused Fund Direct IDCW Reinvestment is 7920.31 crore.

What is the expense ratio of Mirae Asset Focused Fund Direct IDCW Reinvestment?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Mirae Asset Focused Fund Direct IDCW Reinvestment is 0.59%

What are the returns of Mirae Asset Focused Fund Direct IDCW Reinvestment since inception?

The Mirae Asset Focused Fund Direct IDCW Reinvestment was launched on Apr 23 2019. The fund has delivered a CAGR of 19.77 since inception.

What is the minimum SIP amount to invest in Mirae Asset Focused Fund Direct IDCW Reinvestment?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Mirae Asset Focused Fund Direct IDCW Reinvestment is 500.

How do I invest in Mirae Asset Focused Fund Direct IDCW Reinvestment?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Mirae Asset Focused Fund Direct IDCW Reinvestment?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Mirae Asset Focused Fund Direct IDCW Reinvestment?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Mirae Asset Focused Fund Direct IDCW Reinvestment?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.