Mirae Asset Focused Fund
Mirae Asset Mutual Fund · Focused · Direct plan, growth option
NAV (₹), 1 Oct 2026
26.7030
1-day change
-0.59%
1Y return
-4.4%
3Y CAGR
6.8%
5Y CAGR
5.8%
Max drawdown, 5Y
−21.0%
NAV history month-end NAV, ₹ · 15 May 2019 to 1 Oct 2026
Returns vs Focused median (28 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -4.8% | -5.8% |
| 3 months | 0.7% | -3.4% |
| 6 months | 14.1% | 10.4% |
| Year to date | -6.1% | -3.8% |
| 1 year | -4.4% | -0.2% |
| 3 years (CAGR) | 6.8% | 11.1% |
| 5 years (CAGR) | 5.8% | 10.8% |
| 7 years (CAGR) | 13.6% | 15.3% |
| 10 years (CAGR) | n/a | 13.1% |
| Since first NAV (CAGR) | 14.3% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 11.7% | 12.7% |
| 3Y rolling median | 13.3% | 16.7% |
| 3Y rolling worst | 5.5% | 5.5% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 20% | 75% |
| 5Y rolling median | 17.9% | 15.7% |
| 5Y rolling worst | 5.8% | 3.7% |
| 5Y periods ahead of benchmark | 0% | 94% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 15.7% | 15.4% |
| Sharpe ratio | 0.12 | 0.38 |
| Sortino ratio | 0.16 | 0.55 |
| Beta | 0.93 | 0.94 |
| Alpha (ann.) | -1.4% | 2.6% |
| Upside capture | 88.37 | 102.75 |
| Downside capture | 94.88 | 94.28 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −38.2% | −34.1% |
| Maximum drawdown, last 10Y | n/a | −36.7% |
| Maximum drawdown, last 5Y | −21.0% | −19.6% |
| Current drawdown | −7.8% | −7.9% |
| Recovery time of worst fall | 156 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
21,857.75 −0.97%
NSE close, 1 Oct 2026
- P/E 21.6: higher than 1% of days since 2024 (median 24.2)
- 1Y −3.9% · 3Y +8.9% p.a. · 5Y +8.6% p.a. (index fund NAV, after costs)
- −9.3% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.16% a year and the Direct plan's 0.99%, a gap of 1.17%; over the last 3 years the Direct plan returned 1.26 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹26,54,765.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER increased from 0.98% to 0.99% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Gaurav Misra | 14 May 2019 | |
| Varun Goel | 22 Jun 2026 |
Objective: To generate long term capital appreciation/income by investing in equity & equity related instruments of up to 30 companies/Entities. There is no assurance that the investment objective of the Scheme will be realized.
Stated asset allocation: Indian equities and equity related securities$*: 65% to 100% Money market instruments and other liquid instruments^/ Units issued by InVITs/Units of Domestic Mutual Fund: 0% to 35% ^Other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, repo on Government securities and any other instruments as specified by the SEBI. @The scheme may invest in the units of Overnight Fund, Money Market Fund & Liquid Fund (including Liquid ETFs) of Domestic Mutual Fund.
Benchmark (tier 1): Nifty 500 (TRI)
Exit load: Exit load: 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…
Minimum application: ₹5,000
Allotment date: 14 May 2019
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.99% | 1.06% |
| AUM, whole scheme (₹ crore) | 6,350 | 2,407 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | -2.8% | -2.0% TRI |
| Return, 3 years (AMFI) | 7.0% | 9.5% TRI |
| Return, 5 years (AMFI) | 5.8% | 9.0% TRI |
| Month-ends above category median (3Y CAGR) | 25% | 48% median |
| Month-ends in category top quartile (3Y) | 8% | 21% median |
Official benchmark: Nifty 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Focused Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -6.1% | -7.8% | +1.6% |
| 2025 | 3.7% | 7.7% | −4.0% |
| 2024 | 17.6% | 15.6% | +2.0% |
| 2023 | 18.6% | 26.5% | −8.0% |
| 2022 | -5.6% | 3.8% | −9.4% |
| 2021 | 41.6% | 30.6% | +11.0% |
| 2020 | 23.1% | 17.2% | +5.9% |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,19,619 | -0.6% |
| 3 years | ₹3,60,000 | ₹3,73,399 | 2.4% |
| 5 years | ₹6,00,000 | ₹6,94,550 | 5.8% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Focused
Plan / option: Direct · Growth
AMFI scheme code: 147206
ISIN: INF769K01EU0
First NAV in MFIC data: 15 May 2019
History: 7.4 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Sundaram Business Cycle Fund | Sectoral/Thematic | 0.96 | n/a |
| Franklin India Multi Cap Fund | Multi Cap | 0.96 | n/a |
| Invesco India ELSS Tax Saver Fund | ELSS | 0.96 | 11.3% |
| WhiteOak Capital Special Opportunities Fund | Sectoral/Thematic | 0.96 | n/a |
| Bandhan Business Cycle Fund | Sectoral/Thematic | 0.96 | n/a |
| PGIM India Multi Cap Fund | Multi Cap | 0.96 | n/a |
Questions about Mirae Asset Focused Fund
- What is the latest NAV of Mirae Asset Focused Fund?
- The NAV of the Direct plan (growth option) was ₹26.7030 on 1 Oct 2026, as published by AMFI.
- Which category is Mirae Asset Focused Fund in?
- It is classified as Focused in AMFI's daily NAV file; a Focused scheme holds at most 30 stocks. MFIC compares it with 28 Focused schemes (Direct plans).
- What returns has Mirae Asset Focused Fund delivered?
- Over one year the NAV changed by -4.4%. The 3-year CAGR is 6.8% (category median 11.1%) and the 5-year CAGR is 5.8% (category median 10.8%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 13.3%, the lowest was 5.5%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 20% of those periods.
- What was the largest fall in Mirae Asset Focused Fund's NAV?
- The largest peak-to-trough fall in its available history was 38.2%; within the last five years it was 21.0% (category median 19.6%).
- How volatile is Mirae Asset Focused Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 15.7%, which is above the Focused category median of 15.4%.
- What would a monthly SIP in Mirae Asset Focused Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹6,94,550 on 1 Oct 2026, an annualised return (XIRR) of 5.8%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Mirae Asset Focused Fund?
- The total expense ratio of the Direct plan is 0.99% a year, as disclosed to AMFI (median of Focused Direct plans: 1.06%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Mirae Asset Focused Fund?
- Assets under management of the whole scheme were ₹6,350 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Mirae Asset Focused Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Mirae Asset Focused Fund and how has it compared?
- Its official benchmark is the Nifty 500 TRI. Over 3 years AMFI reports a return of 7.0% for this plan against 9.5% for the benchmark total return index; over 5 years 5.8% against 9.0%. Past performance does not indicate future results.
- How often has Mirae Asset Focused Fund beaten its category?
- At 25% of the 53 month-ends compared over the last 10 years, its 3-year return was above the median of Focused schemes (Direct plans); it was in the top quarter at 8% of them. A typical scheme would show about 50%.
- Who manages Mirae Asset Focused Fund?
- According to its Scheme Summary Document, Mirae Asset Focused Fund is managed by Gaurav Misra (since 14 May 2019), Varun Goel (since 22 Jun 2026).
- What is the exit load of Mirae Asset Focused Fund?
- As stated in its scheme documents: Exit load: 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… Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Mirae Asset Focused Fund?
- The minimum application amount is ₹5,000. SIP details: 500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by -4.4% and the Regular plan's by -5.5%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.