Dezerv

Fund Overview

Fund Size

Fund Size

₹1,590 Cr

Expense Ratio

Expense Ratio

0.71%

ISIN

ISIN

INF769K01IN6

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

12 Aug 2022

About this fund

Mirae Asset Balanced Advantage Fund Direct Growth is a Dynamic Asset Allocation mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 1 years and 11 months, having been launched on 12-Aug-22.
As of 11-Jul-24, it has a Net Asset Value (NAV) of ₹13.70, Assets Under Management (AUM) of 1589.97 Crores, and an expense ratio of 0.71%.
  • Mirae Asset Balanced Advantage Fund Direct Growth has given a CAGR return of 17.78% since inception.
  • The fund's asset allocation comprises around 47.63% in equities, 26.40% in debts, and 25.97% in cash & cash equivalents.
  • You can start investing in Mirae Asset Balanced Advantage Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+23.24%

+24.59% (Cat Avg.)

Since Inception

+17.78%

(Cat Avg.)

Portfolio Summaryas of 31st May 2024

Equity757.34 Cr47.63%
Debt419.71 Cr26.40%
Others412.92 Cr25.97%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Cash Offset For DerivativesCash - General Offset274.74 Cr17.28%
7.18% Govt Stock 2033Bond - Gov't/Treasury85.76 Cr5.39%
HDFC Bank LtdEquity76.22 Cr4.79%
7.38% Govt Stock 2027Bond - Gov't/Treasury70.62 Cr4.44%
TrepsCash - Repurchase Agreement62.73 Cr3.95%
ICICI Bank LtdEquity47.55 Cr2.99%
State Bank of IndiaEquity45.95 Cr2.89%
Reliance Industries LtdEquity41.04 Cr2.58%
Infosys LtdEquity35.23 Cr2.22%
Larsen & Toubro LtdEquity33.67 Cr2.12%
Bharti Airtel LtdEquity31.04 Cr1.95%
Axis Bank LtdEquity29.83 Cr1.88%
Coal India LtdEquity29.17 Cr1.83%
7.1% Govt Stock 2034Bond - Gov't/Treasury27.65 Cr1.74%
7.32% Govt Stock 2030Bond - Gov't/Treasury25.34 Cr1.59%
Cholamandalam Investment And Finance Company LimitedBond - Corporate Bond24.96 Cr1.57%
HDFC Bank LimitedBond - Corporate Bond24.88 Cr1.56%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond24.6 Cr1.55%
6.54% Govt Stock 2032Bond - Gov't/Treasury24.23 Cr1.52%
Ambuja Cements LtdEquity23.47 Cr1.48%
Net Receivables / (Payables)Cash23.03 Cr1.45%
ITC LtdEquity21.36 Cr1.34%
Tata Consultancy Services LtdEquity20.46 Cr1.29%
NTPC LtdEquity20.18 Cr1.27%
Indian Railway Finance Corporation LimitedBond - Corporate Bond20.08 Cr1.26%
Bharat Electronics LtdEquity19.98 Cr1.26%
Future on Coal India LtdEquity - Future-19.51 Cr1.23%
Kotak Mahindra Bank LtdEquity19.4 Cr1.22%
Shriram Finance LtdEquity18.35 Cr1.15%
Bharat Petroleum Corp LtdEquity17.83 Cr1.12%
Tata Steel LtdEquity16.73 Cr1.05%
Tata Motors LtdEquity16.25 Cr1.02%
Hindustan Unilever LtdEquity16.25 Cr1.02%
Hindalco Industries LtdEquity16.24 Cr1.02%
TD Power Systems LtdEquity15.9 Cr1.00%
Power Finance Corp LtdEquity15.86 Cr1.00%
Aurobindo Pharma LtdEquity15.51 Cr0.98%
Bank Of BarodaCash - CD/Time Deposit15.22 Cr0.96%
Samvardhana Motherson International LtdEquity15.07 Cr0.95%
Bharti Telecom LimitedBond - Corporate Bond15.01 Cr0.94%
National Bank for Agriculture and Rural Development 7.62%Bond - Gov't Agency Debt14.98 Cr0.94%
Punjab National BankBond - Gov't Agency Debt14.28 Cr0.90%
Torrent Pharmaceuticals LtdEquity13.23 Cr0.83%
Power Finance Corp Ltd. 7.55%Bond - Corporate Bond12.47 Cr0.78%
LIC Housing Finance LtdEquity12.44 Cr0.78%
HCL Technologies LtdEquity12.21 Cr0.77%
SBI Life Insurance Company LimitedEquity11.92 Cr0.75%
Future on Steel Authority Of India LtdEquity - Future-11.38 Cr0.72%
Steel Authority Of India LtdEquity11.29 Cr0.71%
Sun Pharmaceuticals Industries LtdEquity10.97 Cr0.69%
Future on Jindal Steel & Power LtdEquity - Future-10.64 Cr0.67%
Jindal Steel & Power LtdEquity10.54 Cr0.66%
IndusInd Bank LtdEquity10.23 Cr0.64%
7.26% Govt Stock 2033Bond - Gov't/Treasury10.12 Cr0.64%
Jamnagar Utilities And Power Private LimitedBond - Corporate Bond10.05 Cr0.63%
Nexus Select TrustBond - Corporate Bond9.99 Cr0.63%
Mahanagar Telephone Nigam LimitedBond - Corporate Bond9.6 Cr0.60%
Zomato LtdEquity9.43 Cr0.59%
Electronics Mart India LtdEquity9.34 Cr0.59%
Brigade Enterprises LtdEquity9.32 Cr0.59%
Titan Co LtdEquity9.18 Cr0.58%
Fusion Micro Finance LtdEquity9.11 Cr0.57%
Oil & Natural Gas Corp LtdEquity8.99 Cr0.57%
Future on Ambuja Cements LtdEquity - Future-8.83 Cr0.56%
Havells India LtdEquity8.71 Cr0.55%
Future on Hindalco Industries LtdEquity - Future-8.46 Cr0.53%
Future on Kotak Mahindra Bank LtdEquity - Future-8.27 Cr0.52%
Future on Sun Pharmaceuticals Industries LtdEquity - Future-8.22 Cr0.52%
Future on State Bank of IndiaEquity - Future-8.17 Cr0.51%
Future on Larsen & Toubro LtdEquity - Future-7.82 Cr0.49%
State Bank Of IndiaBond - Corporate Bond7.78 Cr0.49%
Future on PI Industries LtdEquity - Future-7.58 Cr0.48%
PI Industries LtdEquity7.52 Cr0.47%
Shriram Transport Finance Company LimitedBond - Corporate Bond7.5 Cr0.47%
Bajaj Housing Finance LimitedBond - Corporate Bond7.46 Cr0.47%
Future on Tata Steel LtdEquity - Future-7.41 Cr0.47%
Future on JSW Steel LtdEquity - Future-7.31 Cr0.46%
Yatra Online LtdEquity7.25 Cr0.46%
JSW Steel LtdEquity7.25 Cr0.46%
Craftsman Automation LtdEquity7.24 Cr0.46%
InterGlobe Aviation LtdEquity7.21 Cr0.45%
Future on GAIL (India) LtdEquity - Future-7.15 Cr0.45%
GAIL (India) LtdEquity7.1 Cr0.45%
LTIMindtree LtdEquity6.71 Cr0.42%
Go Fashion (India) LtdEquity6.53 Cr0.41%
Future on DLF LtdEquity - Future-6.52 Cr0.41%
DLF LtdEquity6.46 Cr0.41%
Future on Bharat Petroleum Corp LtdEquity - Future-6.26 Cr0.39%
Godrej Consumer Products LtdEquity6.17 Cr0.39%
Future on LIC Housing Finance LtdEquity - Future-6.12 Cr0.39%
The Federal Bank LtdEquity5.98 Cr0.38%
IIFL Finance LtdEquity5.93 Cr0.37%
Future on HDFC Bank LtdEquity - Future-5.93 Cr0.37%
Future on Reliance Industries LtdEquity - Future-5.91 Cr0.37%
TVS Motor Co LtdEquity5.85 Cr0.37%
Future on SBI Life Insurance Company LimitedEquity - Future-5.76 Cr0.36%
Infosys LimitedEquity - Future-5.73 Cr0.36%
Eicher Motors LtdEquity5.72 Cr0.36%
Future on Bajaj Finance LtdEquity - Future-5.63 Cr0.35%
Bajaj Finance LtdEquity5.61 Cr0.35%
Future on Tata Consultancy Services LtdEquity - Future-5.51 Cr0.35%
Future on HCL Technologies LtdEquity - Future-5.46 Cr0.34%
Future on Torrent Pharmaceuticals LtdEquity - Future-5.41 Cr0.34%
Future on Biocon LtdEquity - Future-5.35 Cr0.34%
Dabur India LtdEquity5.34 Cr0.34%
Biocon LtdEquity5.33 Cr0.34%
Future on Deepak Nitrite LtdEquity - Future-5.29 Cr0.33%
Deepak Nitrite LtdEquity5.26 Cr0.33%
JK Cement LtdEquity4.96 Cr0.31%
Future on Hindustan Unilever LtdEquity - Future-4.88 Cr0.31%
Max Financial Services LtdEquity4.84 Cr0.30%
Rural Electrification Corporation LimitedBond - Corporate Bond4.82 Cr0.30%
Cipla LtdEquity4.77 Cr0.30%
Bank Of BarodaCash - CD/Time Deposit4.74 Cr0.30%
Future on Bharti Airtel LtdEquity - Future-4.72 Cr0.30%
Future on Aurobindo Pharma LtdEquity - Future-4.61 Cr0.29%
Future on Bandhan Bank LtdEquity - Future-4.4 Cr0.28%
Bandhan Bank LtdEquity4.38 Cr0.28%
Titan Company LimitedEquity - Future-4.28 Cr0.27%
Avalon Technologies LtdEquity4.28 Cr0.27%
Future on Axis Bank LtdEquity - Future-4.25 Cr0.27%
Future on ITC LtdEquity - Future-4.25 Cr0.27%
Future on Tech Mahindra LtdEquity - Future-4.23 Cr0.27%
Go Digit General Insurance LtdEquity4.2 Cr0.26%
Tech Mahindra LtdEquity4.2 Cr0.26%
Future on IndusInd Bank LtdEquity - Future-4.12 Cr0.26%
KFin Technologies LtdEquity4.08 Cr0.26%
Future on Oil & Natural Gas Corp LtdEquity - Future-4 Cr0.25%
Prince Pipes And Fittings Ltd Ordinary SharesEquity3.89 Cr0.24%
Sona BLW Precision Forgings LtdEquity3.82 Cr0.24%
Future on Cholamandalam Investment and Finance Co LtdEquity - Future-3.75 Cr0.24%
Crompton Greaves Consumer Electricals LtdEquity3.73 Cr0.23%
Cholamandalam Investment and Finance Co LtdEquity3.72 Cr0.23%
Page Industries LtdEquity3.71 Cr0.23%
Krishna Institute of Medical Sciences LtdEquity3.65 Cr0.23%
Future on Balrampur Chini Mills LtdEquity - Future-3.54 Cr0.22%
Balrampur Chini Mills LtdEquity3.51 Cr0.22%
Glenmark Pharmaceuticals LtdEquity3.48 Cr0.22%
J.B. Chemicals & Pharmaceuticals LtdEquity3.23 Cr0.20%
Greenply Industries LtdEquity3.12 Cr0.20%
Future on IDFC LtdEquity - Future-3.08 Cr0.19%
IDFC LtdEquity3.06 Cr0.19%
Gateway Distriparks LtdEquity2.95 Cr0.19%
Future on The Federal Bank LtdEquity - Future-2.77 Cr0.17%
Future on Zee Entertainment Enterprises LtdEquity - Future-2.4 Cr0.15%
Zee Entertainment Enterprises LtdEquity2.37 Cr0.15%
Future on Tata Power Co LtdEquity - Future-2.22 Cr0.14%
Tata Power Co LtdEquity2.21 Cr0.14%
Future on Vedanta LtdEquity - Future-2.08 Cr0.13%
Vedanta LtdEquity2.07 Cr0.13%
Future on United Spirits LtdEquity - Future-2.04 Cr0.13%
United Spirits LtdEquity2.03 Cr0.13%
Future on Adani Ports & Special Economic Zone LtdEquity - Future-1.96 Cr0.12%
Future on Bata India LtdEquity - Future-1.96 Cr0.12%
Adani Ports & Special Economic Zone LtdEquity1.95 Cr0.12%
Bata India LtdEquity1.95 Cr0.12%
Acc LimitedEquity - Future-1.84 Cr0.12%
ACC LtdEquity1.83 Cr0.12%
Future on Eicher Motors LtdEquity - Future-1.58 Cr0.10%
Maruti Suzuki India LtdEquity1.57 Cr0.10%
Cera Sanitaryware LtdEquity1.48 Cr0.09%
Future on Shriram Finance LtdEquity - Future-1.43 Cr0.09%
Future on RBL Bank LtdEquity - Future-1.36 Cr0.09%
SRF LtdEquity1.36 Cr0.09%
RBL Bank LtdEquity1.35 Cr0.08%
Future on Container Corporation of India LtdEquity - Future-1.3 Cr0.08%
Container Corporation of India LtdEquity1.29 Cr0.08%
Westlife Foodworld LtdEquity0.98 Cr0.06%
TBO Tek LtdEquity0.84 Cr0.05%
Future on Cipla LtdEquity - Future-0.76 Cr0.05%
Future on Tata Motors LtdEquity - Future-0.66 Cr0.04%
Kajaria Ceramics LtdEquity0.66 Cr0.04%
Future on Dixon Technologies (India) LtdEquity - Future-0.47 Cr0.03%
Dixon Technologies (India) LtdEquity0.47 Cr0.03%
Future on Canara BankEquity - Future-0.16 Cr0.01%
Canara BankEquity0.16 Cr0.01%

Allocation By Market Cap (Equity)

Large Cap Stocks

50.63%

Mid Cap Stocks

7.53%

Small Cap Stocks

6.70%

Allocation By Credit Quality (Debt)

AAA

AA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services336.11 Cr21.14%
Basic Materials111.64 Cr7.02%
Consumer Cyclical107.62 Cr6.77%
Industrials98.53 Cr6.20%
Energy97.03 Cr6.10%
Technology87.63 Cr5.51%
Healthcare60.19 Cr3.79%
Consumer Defensive54.66 Cr3.44%
Communication Services33.41 Cr2.10%
Utilities29.49 Cr1.85%
Real Estate15.78 Cr0.99%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

7.32%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

0.83

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.62

Higher the better

Fund Managers

MJ

Mahendra Jajoo

Since August 2022

HB

Harshad Borawake

Since August 2022

Additional Scheme Detailsas of 31st May 2024

ISIN
INF769K01IN6
Expense Ratio
0.71%
Exit Load
1.00%
Fund Size
₹1,590 Cr
Age
12 Aug 2022
Lumpsum Minimum
₹5,000
Fund Status
Open Ended Investment Company
Benchmark
Nifty 50 Hybrid Comp Debt 50:50 TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Dynamic Asset Allocation Funds

Fund nameExpense RatioExit LoadFund size
1Y
Motilal Oswal Balance Advantage Fund Regular Growth

Very High Risk

2.2%1.0%₹1233.45 Cr26.7%
Motilal Oswal Balance Advantage Fund Direct Growth

Very High Risk

1.0%1.0%₹1233.45 Cr28.2%
Quant Dynamic Asset Allocation Fund Direct Growth

Very High Risk

0.7%1.0%₹1148.29 Cr56.9%
Quant Dynamic Asset Allocation Fund Regular Growth

Very High Risk

2.1%1.0%₹1148.29 Cr54.5%
Bandhan Balanced Advantage Fund Direct Growth

Moderately High risk

0.6%1.0%₹2216.86 Cr21.1%
Bandhan Balanced Advantage Fund Regular Growth

Moderately High risk

1.9%1.0%₹2216.86 Cr19.6%
Mahindra Manulife Balanced Advantage Fund Regular Growth

Very High Risk

2.3%1.0%₹738.59 Cr27.8%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹738.59 Cr30.0%
Mirae Asset Balanced Advantage Fund Direct Growth

High Risk

0.7%1.0%₹1589.97 Cr23.2%
Mirae Asset Balanced Advantage Fund Regular Growth

High Risk

2.1%1.0%₹1589.97 Cr21.5%

About the AMC

Total AUM

₹1,73,546 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth

High Risk

0.4%1.0%₹1447.55 Cr-
Mirae Asset Great Consumer Fund Direct Growth

Very High Risk

0.4%1.0%₹3751.14 Cr37.0%
Mirae Asset Cash Management Direct Growth

Low to Moderate Risk

0.1%0.0%₹11570.11 Cr7.4%
Mirae Asset Emerging Bluechip Direct Growth

Very High Risk

0.6%1.0%₹35272.60 Cr41.8%
Mirae Asset Large Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹39951.46 Cr28.6%
Mirae Asset Savings Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹616.30 Cr7.6%
Mirae Asset Money Market Fund Direct Growth

Moderate Risk

0.2%0.0%₹142.19 Cr7.6%
Mirae Asset Focused Fund Direct Growth

Very High Risk

0.6%1.0%₹8255.25 Cr22.9%
Mirae Asset Dynamic Bond Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹149.37 Cr7.3%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹1510.97 Cr59.7%
Mirae Asset Hybrid Equity Fund Direct Growth

Very High Risk

0.4%1.0%₹8563.76 Cr28.4%
Mirae Asset Equity Allocator Fund of Fund Direct Growth

Very High Risk

0.2%0.0%₹837.40 Cr37.1%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

Very High Risk

0.6%0.0%₹110.62 Cr31.4%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹539.13 Cr38.9%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹797.55 Cr7.7%
Mirae Asset Ultra Short Duration Fund Direct Growth

Moderate Risk

0.2%0.0%₹1427.89 Cr7.7%
Mirae Asset Flexi Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹1874.54 Cr34.7%
Mirae Asset Banking and Financial Services Fund Direct Growth

Very High Risk

0.6%1.0%₹1822.75 Cr29.0%
Mirae Asset Multicap Fund Direct Growth

Very High Risk

0.4%1.0%₹2778.68 Cr-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

Very High Risk

0.5%0.0%₹103.28 Cr59.4%
Mirae Asset Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹22620.57 Cr38.6%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹83.54 Cr7.7%
Mirae Asset Corporate Bond Fund Direct Growth

Moderate Risk

0.2%0.0%₹44.21 Cr7.2%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹72.44 Cr-1.6%
Mirae Asset Equity Savings Fund Direct Growth

Moderately High risk

0.3%1.0%₹1126.87 Cr18.8%
Mirae Asset Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹58.34 Cr7.3%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth

Very High Risk

0.9%1.0%₹319.61 Cr34.3%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth

Very High Risk

2.0%1.0%₹79.67 Cr-11.6%
Mirae Asset Overnight Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹581.62 Cr6.8%
Mirae Asset Short Term Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹336.44 Cr7.5%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹228.24 Cr7.6%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹92.60 Cr7.4%
Mirae Asset Healthcare Fund Direct Growth

Very High Risk

0.5%1.0%₹2312.48 Cr46.8%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹2114.07 Cr8.6%
Mirae Asset Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹16667.30 Cr49.4%
Mirae Asset Balanced Advantage Fund Direct Growth

High Risk

0.7%1.0%₹1589.97 Cr23.2%

Risk Level

Your principal amount will be at High Risk

High Risk
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The NAV of Mirae Asset Balanced Advantage Fund Direct Growth, as of 11-Jul-2024, is ₹13.70.
The fund's allocation of assets is distributed as 47.63% in equities, 26.40% in bonds, and 25.97% in cash and cash equivalents.
The fund managers responsible for Mirae Asset Balanced Advantage Fund Direct Growth are:-
  1. Mahendra Jajoo
  2. Harshad Borawake