Fundalysisby DARKHORSESTOCKS

Scheme

Mirae Asset Focused Fund

Holds 30 companies worth ₹5,692 Cr in Sept 2026.

  • Fund house

    MiraeThe fund house that runs this scheme.

  • AUM

    ₹6,350 CrMirae Asset Focused Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.0% on Aug 2026, ₹6,752 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 8.6% of this scheme's NAV.

  • Fund manager

    Gaurav MisraRuns it since 14 May 2019, as the fund house dates it. With Varun Goel (co-manager).

Overview(4 Oct 2026)

Fund managers2

  1. Gaurav MisraFund manager · May 2019 · 29y · MBA
  2. Varun GoelCo-manager · Jun 2026 · 19y · PGDM B.Tech

    Key facts

    Benchmark
    Nifty 500 (TRI)
    Risk
    Very High
    Expense
    Regular 2.16% · Direct 0.98%
    Exit load
    1% within 1 year
    Started
    14 May 2019
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 4 Oct 2026 at AMFI.

    What changed(12 changes)

    Oct 2026

    1 change
    1. Expense ratio
      4 OctRegular 2.15% → 2.16%

    Jul 2026

    1 change
    1. Expense ratio
      29 JulRegular 1.79% → 2.15%Direct 0.62% → 0.98%

    Jun 2026

    1 change
    1. Varun Goel joined
      21 Junas co-manager

    Source.Its filings at NSE, since Sept 2024.

    Fund managers over time(May 2019 – now)

    1. Gaurav Misra
    2. Varun Goel
    MainCoSlice2020202120222023202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Sept 2024 – Oct 2026)

    Every change to the expense ratio, newest first.
    12 changesRegularDirectΔ pt
    4 Oct 20262.16%0.98%0
    29 Jul 20262.15%0.98%0.36
    20 Mar 20261.79%0.62%0.01
    23 Feb 20261.78%0.61%0.03
    30 Nov 20251.77%0.58%0.02
    22 Sept 20251.76%0.56%0.01
    17 Jul 20251.77%0.57%0.02
    24 Jun 20251.77%0.59%0.01
    27 Feb 20251.78%0.60%0.06
    17 Jan 20251.75%0.54%0.03
    19 Nov 20241.76%0.57%0.02
    2 Sept 20241.76%0.59%–
    Direct plan, 4 Oct 2026
    0.98%
    Regular plan 2.16% · Exit load 1% within 1 year
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(4 Oct 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.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open-ended equity scheme investing in a maximum of 30 stocks (i.e., Multi-cap)
    Benchmark
    Nifty 500 (TRI)
    Benchmark 2
    Nifty 200 (TRI)

    Asset allocation it may hold% of NAV

    1. Indian equities and equity related securities$
      Allowed65–100%Holds89.6%
    2. Money market instruments and other liquid instruments^/ Units issued by InVITs/Units of Domestic Mutual Fund
      Allowed0–35%

    Holds in Sept 2026.89.6% equity · 10.4% debt and cash

    How to invest(4 Oct 2026)

    Buying

    To start
    ₹5,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    Most
    Any Amount
    Systematic
    SIP - Monthly / Quarterly SWP - Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
    Dates
    SIP - Except 29,30 and 31 all dates SWP - 1, 10, 15, 21 and 28 STP - Daily, Weekly only Wednesday, Fortnightly - alternate Wednesday, Monthly
    Minimum
    ₹500, then in multiples of ₹1
    Instalments
    5

    Selling and switching

    To redeem
    ₹1 or Any Units units
    Switch minimum
    ₹5,000
    Switch multiples
    ₹1
    Switch most
    Any Amount or Any Units units

    Scheme details(4 Oct 2026)

    What it is

    Category
    Focused Fund
    Offer
    23 Apr 2019 to 7 May 2019
    Started
    14 May 2019
    Reopened
    15 May 2019
    Plans
    Direct Plan Growth · Direct Plan IDCW - Payout · Direct PlanIDCW - Reinvestment · Regular PlanIDCW - Payout · Regular PlanIDCW - Reinvestment · Regular Plan Growth
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    M/s. Deutsche Bank AG, Mumbai
    Auditor
    M/s. Chokshi & Chokshi, Chartered Accountant
    Registrar
    KFIN Technologies Limited
    SEBI code
    MIRA/O/E/FOC/19/03/0014