Launch of Mirae Asset Focused Fund

Launch of Mirae Asset Focused Fund (An Open Ended Scheme)

In our continuous endeavour to update our valued investor about the New Investment Ideas / Theme, we would like to share that, Mirae Asset Mutual Fund has launched Mirae Asset Focused Fund, (An open ended scheme investing in a maximum of 30 stocks intending to focus in large cap, mid cap and small cap category (i.e. Multi-cap) which will close for subscription on 7th May 2019.  

Mirae Asset Focused Fund Strategy

Ø  Focused approach with investments limited to maximum of 30 stocks.

Ø  Flexibility to invest across market capitalization. (Large, Mid and Small Caps)

Ø  Aim to build a portfolio of strong growth companies, reflecting our most attractive investment ideas.

Ø  Aim to create a robust portfolio to avoid concentration risk and liquidity risk.

 

How does a Focus Fund aim to generate wealth ?

Ø  Aims to identify and invest in high conviction stocks

Ø  Optimum Weight Allocation may generate more wealth

Ø  Seeks tactical allocations by identifying future trends

 

Why Focused Fund which can invest across market caps ?

 

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Performance of Mirae Asset Funds

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The fund will be managed by Mr. Gaurav Misra, Fund Manager.  He is also the Co-Fund Manager of Mirae Asset India Equity Fund along with Mr. Neelesh Surana & Mr. Harshad Borawake.

Our Observations & Recommendations :

Ø  Experienced Fund Management Teams both on Equity & Fixed Income fronts.

Ø  The recent movements in Equity Markets is Conducive for Investing in Multi Cap at this juncture

Ø  We can see the change in valuation gap between Large Cap and Midcap Segments

Ø  Depressed earnings artificially boosting the PE multiple for the entire Midcap index

Ø  Risk return trade-off is likely to be favorable in a multi-cap strategy

Ø  Good ideas can do better irrespective of its sector/theme/size

Author: Midas Finserve

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