Mirae Asset Mutual Fund has launched the New Fund Offer (NFO) for Mirae Asset Focused Fund. The NFO period begins on April 23, 2019 and will close on May 7, 2019. The scheme will re-open for continuous subscriptions and purchases on May 15, 2019. It is a focused scheme which means it will invest in stocks of a maximum of 30 companies across the large, mid and small cap categories. This scheme aims to generate long-term capital appreciation for its investors.
Asset Allocation of Mirae Asset Focused Fund
Under normal circumstances, the Mirae Asset Focused Fund will allocate its assets across securities in the following manner:
| Asset Class | Asset Allocation | |
| Minimum | Maximum | |
| Indian equities and equity related securities (up to 30 stocks) | 65% | 100% |
| Money market instruments, debt securities, instruments and/or units of debt/liquid schemes of domestic mutual funds | 0% | 35% |
The scheme may invest in repo/reverse repo in corporate bonds. However, the scheme shall not engage in short selling and credit default swaps. The scheme shall also not invest in any foreign securities.
Benchmark of Mirae Asset Focused Fund
The performance of Mirae Asset Focused Fund will be benchmarked to the performance of the NIFTY 200 Total Return Index (TRI). The return details of the index chosen as benchmark for this Mirae Asset Mutual Fund scheme are as follows:
| Index | 1 Year Return | 3 Year Return | 5 Year Return |
| NIFTY 200 Total Return Index (TRI) | 11.89% | 16.01% | 14.10% |
(Data as on March 31, 2019; Source: Pulse Labs)
Fund Manager of Mirae Asset Focused Fund
Mirae Asset Focused Fund will be managed by Mr. Gaurav Misra. Another offering of Mirae Asset Mutual Fund which is being jointly managed by Mr. Gaurav Misra , Mr. Neelesh Surana &
Mr. Harshad Borawake is Mirae Asset India Equity Fund. The return details of this scheme are as under:
| Scheme | 1 Year Return | 3 Year Return | 5 Year Return |
| Mirae Asset India Equity Fund | 14.20% | 18.07% | 18.33% |
(Data as on March 31, 2019; Source: Pulse Labs)
Key information about Mirae Asset Focused Fund NFO
| NFO Period | April 23, 2019 – May 07, 2019 |
| Minimum Application Amount | Rs. 5,000 |
| Exit Load | 1% – If units redeemed within 1 year from the date of allotment.
Nil – If units redeemed after 1 year from the date of allotment. |
| Benchmark | NIFTY 200 Total Return Index (TRI) |
| Fund Manager | Gaurav Misra |
Other Funds by Mirae Asset Management
| Scheme Name | 3Y Returns (%) | AUM (Rs. Cr.) | Category |
| Mirae Asset Emerging Bluechip Fund | 14.32 | 5447.63 | Large & Mid Cap Fund |
| Mirae Asset Great Consumer Fund | 17.07 | 339.57 | Sectoral/Thematic Fund |
| Mirae Asset Large Cap Fund | 12.94 | 7478.51 | Large Cap Fund |
| Mirae Asset Savings Fund | 6.83 | 373.76 | Low Duration Fund |
| Mirae Asset Cash Management Fund | 6.87 | 3352.03 | Liquid Fund |
| Mirae Asset Hybrid Equity Fund | 12.14 | 1183.13 | Aggressive Hybrid Fund |
| Mirae Asset Tax Saver Fund | 15.72 | 1001.56 | ELSS |
{Data as on Feb 19, 2020; Source: Value Research}