Mirae Asset Mutual Fund has launched its first focused fund - Mirae Asset Focussed Fund.
Mirae Asset Focused Fund is an open ended equity scheme investing in a maximum of 30 stocks. The fund will follow a multi cap strategy to build a portfolio of growth companies.
In a press release, Swarup Mohanty, CEO of Mirae Asset MF said, “The new offering will help us increase our equity offering and enlarge our investor base. We believe with this offering we are providing a new investment style, which will be ably managed by Gaurav Misra, who has managed such focused fund strategies in his previous stint as portfolio manager with ASK Investment Managers.”
Mirae Asset Mutual Fund has completed more than 10 years in India. The fund house manages AUM of Rs.27,000 crore and has broken into the top 15 fund houses based on quarterly AAUM recently.
