Mirae Asset Focused Fund
Direct · GrowthAI Summary
Mirae Asset Focused Fund has delivered a 1Y SIP XIRR of 17.84%, ahead of the category average of 17.03%, but its 3Y (13.16%), 5Y (13.14%), and 7Y (10.42%) XIRR figures trail category averages of 16.4%, 15.29%, and 15.17% respectively. Against the NIFTY 50, the fund shows consistent outperformance on a lump-sum basis, with a 7Y CAGR of 15.13% versus the benchmark's 11.81% and positive alpha across all periods. The fund's lump-sum rolling returns (e.g., 5Y mean of 16.45%) are notably higher than its SIP XIRR, reflecting different cashflow methodologies.
The fund exhibits a beta of roughly 0.91 across time horizons, meaning it moves less than the market, and its downside capture (86-91%) is consistently below its upside capture (90-95%), indicating favorable asymmetric behavior. It has experienced 4 drawdown events exceeding 10%, with a maximum drawdown of -38.22% that took 156 days to recover, underscoring meaningful downside risk despite strong risk-adjusted metrics. Calmar ratios between 0.37 and 0.46 across 1Y to 7Y windows suggest reasonable return compensation per unit of drawdown.
Detailed holdings and sector allocation data were not provided in this dataset, so specific concentration analysis cannot be made. As a focused fund, it is structurally limited to a maximum of 30 stocks, which implies higher single-stock and sector concentration than diversified large-cap peers. Investors should review the latest factsheet for current top holdings and sector weights.
The fund outperforms its category on a 1Y SIP XIRR basis (17.84% vs 17.03%) but underperforms category averages over 3Y, 5Y, and 7Y horizons, with the 7Y gap being the widest at roughly 4.75 percentage points. Its consistent positive alpha versus the NIFTY 50 across 1Y to 15Y periods demonstrates strong benchmark-relative consistency. However, the widening underperformance versus category peers in longer SIP windows suggests sustained competitive pressure.
This fund suits investors seeking a concentrated, benchmark-beating equity portfolio with moderate market sensitivity (beta ~0.91) and a long-term horizon of at least 5-7 years. It is appropriate for those with moderate-to-high risk tolerance, given the historical maximum drawdown of -38.22% and multiple 10%+ drawdown events. SIP investors should be aware that recent SIP returns have lagged category averages over multi-year periods.
- Consistent positive alpha versus NIFTY 50 across all measured periods, including 3.80% over 7Y and 2.98% over 10Y
- Favorable capture asymmetry, with downside capture (86.25-90.68%) consistently below upside capture (90.31-94.54%)
- Below-market beta of ~0.91 combined with a competitive 0.63% expense ratio for the direct plan
- SIP XIRR trails category averages over 3Y, 5Y, and 7Y horizons, with a 7Y gap of approximately 4.75 percentage points
- History of 4 drawdown events exceeding 10%, including a maximum drawdown of -38.22% with a 156-day recovery period
Generated on 06-09-2026, 7:48 PM. 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 | ₹12.67 L | 17.8% | -47.0% | 104.3% |
| 3 Years | ₹36.00 L | ₹43.22 L | 13.2% | -5.2% | 31.5% |
| 5 Years | ₹60.00 L | ₹83.06 L | 13.1% | 1.4% | 22.3% |
| 7 Years | ₹84.00 L | ₹1.21 Cr | 10.4% | 8.2% | 11.7% |
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 | 17.8% | 14.4% | 17.0% | +3.5% |
| 3 Years | 13.2% | 11.1% | 16.4% | +2.1% |
| 5 Years | 13.1% | 10.4% | 15.3% | +2.7% |
| 7 Years | 10.4% | 10.6% | 15.2% | -0.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 17.6% | 12.2% | -14.7% | 114.9% | 0.50 | 2.05 | 81% | — | — |
| 3 Years | 15.2% | 13.5% | 5.5% | 35.0% | 1.49 | 182.64 | 100% | — | — |
| 5 Years | 16.4% | 18.0% | 7.0% | 26.7% | 1.97 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +2.74 | 0.97 | 94.5% | 90.7% | 0.1% | -2.9% |
| 3 Years | +1.50 | 0.91 | 92.0% | 88.9% | 9.1% | 7.8% |
| 5 Years | +0.28 | 0.91 | 90.3% | 88.9% | 8.0% | 7.8% |
| 7 Years | +3.80 | 0.91 | 91.2% | 86.5% | 15.1% | 11.8% |
| 10 Years | +2.98 | 0.91 | 91.6% | 86.3% | 10.8% | 7.9% |
| 12 Years | +2.35 | 0.91 | 91.6% | 86.3% | 8.9% | 6.6% |
| 15 Years | +1.72 | 0.91 | 91.6% | 86.3% | 7.1% | 5.2% |