We move this fund down to 'Buy'

Mirae Asset Focused Fund has been on our 'Best Buy' list since it completed almost three years in April 2022. The fund had a phenomenal start, surpassing both the category average and benchmark by a significant margin since inception. This performance, coupled with AMC's credibility and some shared tenets with its flagship scheme - Mirae Asset Large & Midcap Fund (which was already in our 'Best Buy') led us to recommend it. We did so despite the fund's relatively short history, as highlighted in our previous Fund Analysis. However, we have now decided to move it to 'Buy'. Rationale for change in opinion A superior sibling When we initially recommended Mirae Asset Focused Fund, the SIPs in its older sibling, Mirae Asset Large & Mid