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Wednesday, April 24, 2019

Mirae Asset Focused Fund: Focused Equity Fund in the multi-cap NFO


Mirae Asset Focused Fund: Focused Equity Fund in the multi-cap NFO

The NFO (new fund offer) of the Mirae Asset Focused Fund has opened for subscription. The NFO will close on May 7, 2019.

The fund will invest in a basket of 30 stocks across the large, mid and small cap space. Swaroop Mohanty, CEO of Mirae Asset Global Investments (India) Pvt. Ltd, said that providing options to investors to diversify has been the aim of the fund house and this is a way to offer another fund management style to the investor. “It is a true-blue multi cap with no sector or segment bias," he said.
SEBI defines a focused fund as one that invests in a portfolio of not more than 30 stocks.
As a multi-cap fund, Mirae Asset Focused Fund will invest in a portfolio of 30 stocks that will be diversified across the large, mid and small caps segments of the market and also across sectors and themes.

“The beauty of a focused strategy is that you get the best 30 ideas of any fund house. Unlike the diversified category where you can keep adding stocks diluting the allocation, here if you find a good 31st story, it has to be better than the top 30 to find a place in the portfolio," he added.

Mirae Asset Focused Fund may be seen as riskier than a diversified multi-cap fund on account of the focused strategy it intends to follow.
 “There is a 10% cap on stock holding but we do not intend going above 7%-7.5%," said Mohanty.

“It is an allocation product and cannot be a core product for the basic investor. For the evolved investor this can become a very useful product to have in the portfolio."

Mirae Asset’s existing equity funds are top performers in their categories. The Mirae Asset India Equity Fund, a multi-cap fund, has generated a return of 17.5% in the  3 year period and 18.5% in the 5 year investment horizon. This has now been reclassified as a large-cap fund.

https://miraeassetmf.co.in/fund/mirae-asset-focused-fund/
Mirae Asset Focused Fund: Focused Equity Fund in the multi-cap NFO Reviewed by Investment Guru on April 24, 2019 Rating: 5 Mirae Asset Focused Fund: Focused Equity Fund in the multi-cap NFO The NFO (new fund offer) of the  Mirae Asset Focused Fund  has open...

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