Mirae Asset Mutual Fund has launched its open-ended focused fund called Mirae Asset Focused Fund. The fund opens for subscription from April 23 and closes on May 7, 2019. Gaurav Misra, Senior Fund Manager, Mirae Asset AMC, will be managing this fund.
The fund will invest in a focused portfolio of up to 30 stocks. The fund has the flexibility to invest in large, mid and small caps.
Mirae Asset Mutual Fund has completed more than a decade in India. The company’s AUM stands Rs 27,000 crores (as on 31 March 2019) and has broken into the top 15 AMCs based on AAUM and is at 12th position based on equity assets.
