Mirae Asset Focused Fund is a Focused fund run by Mirae Asset Mutual Fund. On 30-09-2026, it managed ₹6,350 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 8.4% a year and its Regular plan returned 7.1% a year. Its benchmark, Nifty 500 TRI, returned 10.2% a year over the same 3 years.
NAV (Direct plan)
₹26.84
▼ 0.01% · 30-10-2026
NAV (Regular plan)
₹24.30
▼ 0.01% · 30-10-2026
Expense ratio
0.99%Direct2.16%Regular
0.99%
A year
Riskometer
Very High
Set by the fund house
3 year return
8.4%Direct7.1%Regular
8.4%
A year
Mirae Asset Focused Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹26.84 (down 0.01% that day); Regular Plan Growth ₹24.30 (down 0.01% that day).
This fund (Direct plan)
₹26.839
Mirae Asset Focused Fund Returns vs Nifty 500 TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.08%
−0.82%
+5.52%
−6.96%
+8.36%
+5.21%
--
This fund (Regular)
−0.18%
−1.11%
+4.90%
−8.05%
+7.09%
+3.95%
--
Nifty 500 TRI
−0.75%
−6.05%
−2.83%
−7.34%
+10.22%
+8.81%
+12.51%
Focused average
−1.00%
−4.12%
+1.39%
−3.09%
+12.30%
+10.21%
--
Best in Focused
+2.11%
+5.18%
+17.02%
+19.34%
+21.38%
+15.90%
--
Worst in Focused
−5.18%
−8.77%
−5.73%
−14.35%
+7.49%
+3.36%
--
Rank in Focused
10/28
3/28
4/28
20/28
26/27
21/22
--
Category rows compare the Direct plans of 28 Focused funds. Rank 1 is the highest return.
Mirae Asset Focused Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty 500 TRI
2026to date
−5.67%
−6.59%
−7.51%
2025
+3.66%
+2.45%
+7.76%
2024
+17.60%
+16.20%
+16.24%
2023
+18.58%
+17.20%
+26.91%
2022
−5.62%
−6.80%
+4.25%
2021
+41.62%
+39.56%
+31.60%
Mirae Asset Focused Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 1,099 periods, one for each trading day from 16-05-2022 to 30-10-2026.
0%10%20%30%40%
Mirae Asset Focused Fund (Direct)
Nifty 500 TRI
Sept 2019 to Sept 2022Jun 2020 to Jun 2023Mar 2021 to Mar 2024Dec 2021 to Dec 2024Oct 2022 to Oct 2025Jun 2023 to Jun 2026
Mirae Asset Focused Fund (Direct)Nifty 500 TRI
0%
0%
Below 0%
0%
0%
0-5%
24%
2%
5-10%
36%
21%
10-15%
19%
51%
15-20%
15%
19%
20-25%
6%
7%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
1,595
11.6%
−14.7%
114.9%
21%
10.6%
47%
2 years
1,346
14.7%
−3.4%
61.1%
3%
19.3%
27%
3 years
1,099
13.2%
5.5%
35.0%
0%
17.5%
25%
5 years
607
17.6%
4.5%
26.7%
0%
19.0%
0%
7 years
114
14.1%
12.7%
15.7%
0%
14.7%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
78
11.9%
−25.8%
83.5%
24%
14.1%
47%
2 years
66
12.0%
−11.9%
54.0%
11%
15.3%
30%
3 years
54
13.0%
−3.4%
26.0%
2%
16.4%
9%
5 years
30
13.0%
2.2%
21.6%
0%
16.2%
0%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty 500 TRI over the same days. Past returns do not promise future returns.
Mirae Asset Focused Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Mirae Asset Focused Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
−6.96%
−7.34%
Standard deviation
14.10%
14.48%
Sharpe ratio
-0.87
-0.87
Sortino ratio
-1.16
-1.16
Maximum drawdown
−20.7%
(30-03-2026)
−14.7%
(30-03-2026)
Beta
0.93
1.00
Alpha
−0.55%
0.00%
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Mirae Asset Focused Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+8.36%
+10.22%
Standard deviation
13.36%
14.30%
Sharpe ratio
0.18
0.29
Sortino ratio
0.24
0.40
Maximum drawdown
−21.0%
(30-03-2026)
−18.6%
(28-02-2025)
Beta
0.87
1.00
Alpha
−1.32%
0.00%
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Mirae Asset Focused Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+5.21%
+8.81%
Standard deviation
13.69%
14.36%
Sharpe ratio
-0.04
0.21
Sortino ratio
-0.06
0.28
Maximum drawdown
−21.0%
(30-03-2026)
−18.6%
(28-02-2025)
Beta
0.90
1.00
Alpha
−3.31%
0.00%
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Mirae Asset Focused Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+14.20%
+13.59%
Standard deviation
16.78%
17.21%
Sharpe ratio
0.54
0.49
Sortino ratio
0.72
0.65
Maximum drawdown
−38.2%
(23-03-2020)
−38.1%
(23-03-2020)
Beta
0.94
1.00
Alpha
+1.14%
0.00%
From daily NAVs, 15-05-2019 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
−40%−30%−20%−10%0%
Mirae Asset Focused Fund (Direct)
Nifty 500 TRI
2020202120222023202420252026
Mirae Asset Focused Fund (Direct)Nifty 500 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Mirae Asset Focused Fund (Direct)
−38.2%
24-01-2020
23-03-2020
26-08-2020
5 months
−7.3%
Nifty 500 TRI
−38.1%
17-01-2020
23-03-2020
06-11-2020
7 months
−8.8%
From the Direct plan's daily NAV since 15-05-2019, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Mirae Asset Focused Fund vs Other Focused Funds
The five Focused funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Mirae Asset Focused Fund Expense Ratio and Costs
What each plan charges a year, in force from 19-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Focused median
Cost rank (1 = cheapest)
Direct
0.57%
0.10%
0.01%
0.31%
0.99%
1.10%
10/28
Regular
1.56%
0.10%
0.01%
0.49%
2.16%
2.23%
12/28
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Focused funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−8.05%
−6.96%
1.09%
₹91,950
₹93,040
3 years
7.09%
8.36%
1.27% a year
₹1,22,814
₹1,27,235
5 years
3.95%
5.21%
1.26% a year
₹1,21,373
₹1,28,910
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Mirae Asset Focused Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 15-05-2019 to 30-10-2026: 90 instalments, ₹9,00,000 in all.
Direct planMirae Asset Focused Fund (Direct)Regular planMirae Asset Focused Fund (Regular)Nifty 500 TRICategory averageCategory average, 28 Focused fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Mirae Asset Focused Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
89.6%Equity
Asset
Fund
Category
Equity
89.6%
93.9%
Cash and others
10.4%
5.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
45.2%
57.8%
Mid Cap
15.6%
18.9%
Small Cap
21.9%
15.4%
Not on AMFI's list
7.0%
1.4%
Share of the whole fund. Category: the average of the Focused funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Mirae Asset Focused Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks18.9%
Retailing7.4%
Industrial Products5.8%
Telecom - Services5.5%
Petroleum Products5.0%
Electrical Equipment4.9%
Financial Technology (Fintech)4.8%
Healthcare Services4.6%
Finance4.3%
IT - Software4.1%
The ten largest of 22 sectors. The other 12 add up to 24.4%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
19.2%
19.1%
18.9%
−0.3%
Retailing
8.8%
7.9%
7.4%
−1.4%
Industrial Products
5.7%
6.1%
5.8%
+0.1%
Telecom - Services
5.9%
5.3%
5.5%
−0.4%
Petroleum Products
6.3%
6.4%
5.0%
−1.3%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
Mirae Asset Focused Fund Portfolio Holdings
As on 30-09-2026 · 31 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
HDFC Bank Ltd.
Banks
8.63%
0.0%
ICICI Bank Ltd.
Banks
8.28%
−5.4%
Bharti Airtel Ltd.
Telecom - Services
5.51%
0.0%
Reliance Industries Ltd.
Petroleum Products
5.00%
+10.3%
One 97 Communications Ltd.
Financial Technology (Fintech)
4.80%
−16.7%
Bajaj Finance Ltd.
Finance
4.31%
+52.6%
Infosys Ltd.
IT - Software
4.08%
0.0%
Eternal Ltd.
Retailing
3.68%
−0.7%
Maruti Suzuki India Ltd.
Automobiles
3.60%
0.0%
Siemens Energy India Ltd.
Electrical Equipment
3.46%
+8.4%
Ratnamani Metals & Tubes Ltd.
Industrial Products
3.21%
−1.5%
Kalpataru Projects International Ltd.
Construction
3.17%
0.0%
Sona Blw Precision Forgings Ltd.
Auto Components
2.92%
−4.4%
Manipal Health Enterprises Ltd
Healthcare Services
2.74%
0.0%
Sapphire Foods India Ltd.
Leisure Services
2.74%
0.0%
Arvind Fashions Ltd.
Retailing
2.74%
0.0%
SKF India (Industrial) Ltd.
Industrial Products
2.59%
−16.3%
Gujarat Fluorochemicals Ltd.
Chemicals & Petrochemicals
2.42%
−3.9%
SBI Life Insurance Co. Ltd.
Insurance
2.09%
0.0%
Equitas Small Finance Bank Ltd.
Banks
1.98%
+6.6%
Sobha Ltd.
Realty
1.98%
0.0%
Syngene International Ltd.
Healthcare Services
1.85%
0.0%
Orient Electric Ltd.
Consumer Durables
1.68%
0.0%
National Stock Exchange of India Ltd.
Capital Markets
1.54%
New
Kanohar Electricals Ltd.
Electrical Equipment
1.40%
New
FSN E-Commerce Ventures Ltd.
Retailing
1.02%
−21.2%
Steel Authority of India Ltd.
Ferrous Metals
0.94%
New
Mirae Asset Money Market Fund-Direct Plan-Growth
0.65%
Dhoot Transmission Ltd.
Auto Components
0.61%
−50.0%
INDO-MIM Ltd.
Industrial Manufacturing
0.45%
−50.0%
GSPL Transmission Ltd.
Gas
0.23%
−3.6%
Mirae Asset Focused Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
ICICI Bank Ltd.
↓Reduced
−5.4%
8.28%
One 97 Communications Ltd.
↓Reduced
−16.7%
4.80%
Reliance Industries Ltd.
↑Added
+10.3%
5.00%
Bajaj Finance Ltd.
↑Added
+52.6%
4.31%
Life Insurance Corporation of India
↓Sold out
−100%
was 4.31%
Eternal Ltd.
↓Reduced
−0.7%
3.68%
Siemens Energy India Ltd.
↑Added
+8.4%
3.46%
Ratnamani Metals & Tubes Ltd.
↓Reduced
−1.5%
3.21%
SKF India (Industrial) Ltd.
↓Reduced
−16.3%
2.59%
Sona Blw Precision Forgings Ltd.
↓Reduced
−4.4%
2.92%
Gujarat Fluorochemicals Ltd.
↓Reduced
−3.9%
2.42%
Equitas Small Finance Bank Ltd.
↑Added
+6.6%
1.98%
Bharat Petroleum Corporation Ltd.
↓Sold out
−100%
was 1.84%
National Stock Exchange of India Ltd.
↑New
New
1.54%
Kanohar Electricals Ltd.
↑New
New
1.40%
FSN E-Commerce Ventures Ltd.
↓Reduced
−21.2%
1.02%
Dhoot Transmission Ltd.
↓Reduced
−50.0%
0.61%
KPIT Technologies Ltd.
↓Sold out
−100%
was 1.02%
Steel Authority of India Ltd.
↑New
New
0.94%
INDO-MIM Ltd.
↓Reduced
−50.0%
0.45%
GSPL Transmission Ltd.
↓Reduced
−3.6%
0.23%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Mirae Asset Focused Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.99%
Expense ratio (Regular)
2.16%
Category
Focused
Risk
Very High
Benchmark
Nifty 500 TRI
Launch date
14-05-2019
Minimum investment
₹5,000
Minimum additional investment
₹1,000
AUM
₹6,350.04 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
147206
ISIN (Direct)
INF769K01EU0
Scheme code (Regular)
147203
ISIN (Regular)
INF769K01ES4
NAV history
From 15-05-2019, 7.5 years
Exit load
Exit load of 1% if redeemed within 1 year.
Tax on Mirae Asset Focused Fund returns
Mirae Asset Focused Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹26.839
30-10-2026
direct
IDCW
₹24.686
30-10-2026
regular
Growth
₹24.299
30-10-2026
regular
IDCW
₹22.338
30-10-2026
About Mirae Asset Focused Fund
Mirae Asset Focused Fund is a mutual fund from Mirae Asset Mutual Fund. Its category is Focused. It was launched on 14-05-2019. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 31 securities.
Fund Manager
Gaurav Misra
Fund manager of Mirae Asset Focused Fund, since 14-05-2019
Varun Goel
Fund manager of Mirae Asset Focused Fund, since 22-06-2026
Frequently Asked Questions for Mirae Asset Focused Fund
What is the current NAV of Mirae Asset Focused Fund?
The Direct plan NAV is ₹26.839. The Regular plan NAV is ₹24.299, as on 30-10-2026.
What are the returns of Mirae Asset Focused Fund?
The Direct plan returned −6.96% in 1 year, +8.36% a year over 3 years, +5.21% a year over 5 years. The Regular plan returned −8.05% in 1 year, +7.09% a year over 3 years, +3.95% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Mirae Asset Focused Fund?
The Direct plan charges 0.99% a year. The Regular plan charges 2.16% a year. This is the figure the fund house reported to AMFI, in force from 19-10-2026.
What is the AUM of Mirae Asset Focused Fund?
Mirae Asset Focused Fund managed ₹6,350.04 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Mirae Asset Focused Fund?
At the end of September 2026 the largest holdings were HDFCBANK (8.63%), ICICIBANK (8.28%), BHARTIARTL (5.51%), RELIANCE (5.00%), PAYTM (4.80%). The fund held 31 securities in all.
What did Mirae Asset Focused Fund buy and sell in September 2026?
It bought 3 new stocks: Steel Authority of India Ltd, National Stock Exchange of India Ltd, Kanohar Electricals Ltd. It sold out of 3: Bharat Petroleum Corporation Ltd, KPIT Technologies Ltd, Life Insurance Corporation of India. It added shares in 4. It reduced 11.
How do I invest in Mirae Asset Focused Fund?
Through Mirae Asset Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.
Who is the fund manager of Mirae Asset Focused Fund?
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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