Mirae Asset Focused Fund
Direct · GrowthAI Summary
Mirae Asset Focused Fund has beaten the NIFTY 50 across most long-term periods, with a 7Y lump-sum CAGR of 12.7% versus 9.98% for the benchmark and consistently positive alpha of 1.74%-3.06% over 7Y to 15Y windows. However, its SIP XIRR lags the category across all horizons: 11.7% versus 15.77% category average over 3Y and 12.59% versus 15.5% over 5Y. The 1Y XIRR of 7.67% also trails the category average of 11.12%, indicating recent underperformance against focused-fund peers.
The fund exhibits defensive behavior with a beta of roughly 0.90-0.94 and downside capture consistently below 87%, meaning it falls less than the NIFTY 50 in corrections while still capturing around 90% of upside. The maximum drawdown of -0.38% with a 59-day duration and recovery in 156 days reflects shallow, quickly recovering losses in the measured period. Calmar ratios of 0.37-0.44 across 1Y to 7Y horizons indicate moderate risk-adjusted efficiency, supported by alpha generation of 2.87% and 3.06% over 1Y and 7Y respectively.
No detailed holdings or sector data was provided, so composition cannot be quantified from this dataset. As a focused fund, it is structurally concentrated, holding a limited number of stocks, which increases single-stock and sector concentration risk relative to diversified funds. This concentration also enables meaningful alpha generation, as seen in its positive risk-adjusted excess returns over the benchmark.
On lump-sum benchmark-relative terms the fund is strong, with alpha across horizons and fund CAGR ahead of the NIFTY 50 in 7Y, 10Y, 12Y, and 15Y windows. However, on SIP XIRR it trails the category average at every listed horizon, including 7Y at 10.56% versus 15.05%, suggesting peers with SIP-style cashflows have done materially better. Calendar year returns show volatility, ranging from -7.09% in 2022 to 40.75% in 2021, so consistency versus category is mixed.
This fund suits investors seeking large-cap-oriented, benchmark-beating exposure with lower downside capture and can tolerate concentrated-portfolio risk. A horizon of at least 5-7 years is advisable, given lump-sum CAGRs of 12.7% over 7Y and 10.34% over 10Y versus shorter-period variability. Investors comparing funds purely on category SIP XIRR rankings should note the peer underperformance and assess whether the benchmark-consistent, defensive profile meets their goals.
- Consistent positive alpha versus NIFTY 50 across long horizons, including 3.06% over 7Y and 3.06% over 10Y
- Low downside capture of 85.9%-88.6% across all periods, cushioning returns in market corrections
- Reasonable expense ratio of 0.63% for a Direct plan active focused fund
- SIP XIRR trails the category average at every horizon, such as 11.7% versus 15.77% over 3Y and 12.59% versus 15.5% over 5Y
- Concentrated focused-fund structure increases single-stock and sector risk, and the 5Y alpha is slightly negative at -0.37%
Generated on 01-11-2026, 3:02 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.65 L | 17.5% | -47.0% | 104.3% |
| 3 Years | ₹36.00 L | ₹43.09 L | 12.8% | -5.2% | 31.5% |
| 5 Years | ₹60.00 L | ₹82.30 L | 12.7% | 1.4% | 22.3% |
| 7 Years | ₹84.00 L | ₹1.21 Cr | 10.5% | 8.2% | 12.1% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 17.5% | 14.3% | 11.1% | +3.2% |
| 3 Years | 12.8% | 11.0% | 15.8% | +1.7% |
| 5 Years | 12.7% | 10.4% | 15.5% | +2.3% |
| 7 Years | 10.5% | 10.6% | 15.1% | -0.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 16.9% | 11.6% | -14.7% | 114.9% | 0.47 | 1.86 | 78% | — | — |
| 3 Years | 14.9% | 13.2% | 5.5% | 35.0% | 1.42 | 179.64 | 100% | — | — |
| 5 Years | 15.6% | 17.6% | 4.5% | 26.7% | 1.62 | 32.04 | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +2.87 | 0.94 | 90.3% | 85.9% | -7.0% | -10.9% |
| 3 Years | +1.95 | 0.90 | 90.3% | 86.6% | 8.4% | 6.4% |
| 5 Years | -0.37 | 0.91 | 88.8% | 88.1% | 4.9% | 5.2% |
| 7 Years | +3.06 | 0.90 | 90.2% | 86.1% | 12.7% | 10.0% |
| 10 Years | +3.00 | 0.91 | 91.2% | 85.9% | 10.3% | 7.4% |
| 12 Years | +2.36 | 0.91 | 91.2% | 85.9% | 8.6% | 6.2% |
| 15 Years | +1.74 | 0.91 | 91.2% | 85.9% | 6.8% | 4.9% |