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Fund Overview

Fund Size

Fund Size

₹1,534 Cr

Expense Ratio

Expense Ratio

0.74%

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, 8 months and 7 days, having been launched on 12-Aug-22.
As of 18-Apr-24, it has a Net Asset Value (NAV) of ₹12.67, Assets Under Management (AUM) of 1534.21 Crores, and an expense ratio of 0.74%.
  • Mirae Asset Balanced Advantage Fund Direct Growth has given a CAGR return of 14.95% since inception.
  • The fund's asset allocation comprises around 66.51% in equities, 23.62% in debts, and 9.86% 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

+22.93%

+23.89%(Cat. Avg.)

Since Inception

+14.95%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Equity1,020.42 Cr66.51%
Debt362.46 Cr23.62%
Others151.33 Cr9.86%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
TrepsCash - Repurchase Agreement99.3 Cr6.47%
7.18% Govt Stock 2033Bond - Gov't/Treasury85.73 Cr5.59%
HDFC Bank LtdEquity72.06 Cr4.70%
7.38% Govt Stock 2027Bond - Gov't/Treasury70.64 Cr4.60%
ICICI Bank LtdEquity56.82 Cr3.70%
State Bank of IndiaEquity52.06 Cr3.39%
Reliance Industries LtdEquity42.63 Cr2.78%
Larsen & Toubro LtdEquity37.74 Cr2.46%
Infosys LtdEquity37.51 Cr2.44%
Axis Bank LtdEquity29.66 Cr1.93%
Maruti Suzuki India LtdEquity25.85 Cr1.68%
Cholamandalam Investment And Finance Company LimitedBond - Corporate Bond24.89 Cr1.62%
HDFC Bank LimitedBond - Corporate Bond24.81 Cr1.62%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond24.49 Cr1.60%
Bharti Airtel LtdEquity24.2 Cr1.58%
6.54% Govt Stock 2032Bond - Gov't/Treasury24.2 Cr1.58%
ITC LtdEquity23.6 Cr1.54%
Coal India LtdEquity22.86 Cr1.49%
Ambuja Cements LtdEquity22.66 Cr1.48%
Tata Consultancy Services LtdEquity21.6 Cr1.41%
NTPC LtdEquity20.82 Cr1.36%
Indian Railway Finance Corporation LimitedBond - Corporate Bond20.11 Cr1.31%
Kotak Mahindra Bank LtdEquity19.75 Cr1.29%
Sun Pharmaceuticals Industries LtdEquity18.34 Cr1.20%
Tata Steel LtdEquity17.17 Cr1.12%
Tata Motors LtdEquity16.01 Cr1.04%
Hindustan Unilever LtdEquity15.79 Cr1.03%
Bharat Electronics LtdEquity15.35 Cr1.00%
Bharti Telecom LimitedBond - Corporate Bond15.01 Cr0.98%
Aurobindo Pharma LtdEquity14.25 Cr0.93%
Shriram Finance LtdEquity14.15 Cr0.92%
Punjab National BankBond - Gov't Agency Debt14.1 Cr0.92%
TD Power Systems LtdEquity14.09 Cr0.92%
Hindalco Industries LtdEquity14.09 Cr0.92%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond13.97 Cr0.91%
Net Receivables / (Payables)Cash13.92 Cr0.91%
SBI Life Insurance Company LimitedEquity12.9 Cr0.84%
Torrent Pharmaceuticals LtdEquity12.76 Cr0.83%
Power Finance Corp LtdEquity12.56 Cr0.82%
IndusInd Bank LtdEquity12.42 Cr0.81%
LIC Housing Finance LtdBond - Corporate Bond11.94 Cr0.78%
HCL Technologies LtdEquity11.89 Cr0.78%
Samvardhana Motherson International LtdEquity11.67 Cr0.76%
Bharat Petroleum Corp LtdEquity11.14 Cr0.73%
Titan Co LtdEquity10.77 Cr0.70%
7.26% Govt Stock 2033Bond - Gov't/Treasury10.11 Cr0.66%
Jamnagar Utilities And Power Private LimitedBond - Corporate Bond10.04 Cr0.65%
Nexus Select TrustBond - Corporate Bond9.96 Cr0.65%
Zomato LtdEquity9.58 Cr0.62%
Mahanagar Telephone Nigam LimitedBond - Corporate Bond9.58 Cr0.62%
Steel Authority Of India LtdEquity9.56 Cr0.62%
Fusion Micro Finance LtdEquity9.27 Cr0.60%
Electronics Mart India LtdEquity8.89 Cr0.58%
Jindal Steel & Power LtdEquity8.7 Cr0.57%
PI Industries LtdEquity8.22 Cr0.54%
Yatra Online LtdEquity8.06 Cr0.53%
The Federal Bank LtdEquity7.97 Cr0.52%
LIC Housing Finance LtdEquity7.74 Cr0.50%
InterGlobe Aviation LtdEquity7.67 Cr0.50%
Shriram Transport Finance Company LimitedBond - Corporate Bond7.51 Cr0.49%
Bajaj Housing Finance LimitedBond - Corporate Bond7.5 Cr0.49%
Craftsman Automation LtdEquity7.39 Cr0.48%
Go Fashion (India) LtdEquity7.2 Cr0.47%
DLF LtdEquity7.1 Cr0.46%
LTIMindtree LtdEquity7.05 Cr0.46%
Havells India LtdEquity6.92 Cr0.45%
JSW Steel LtdEquity6.84 Cr0.45%
Brigade Enterprises LtdEquity6.79 Cr0.44%
Godrej Consumer Products LtdEquity6.08 Cr0.40%
Cholamandalam Financial Holdings LtdEquity6.03 Cr0.39%
TVS Motor Co LtdEquity5.78 Cr0.38%
MTAR Technologies LtdEquity5.41 Cr0.35%
Max Financial Services LtdEquity5.29 Cr0.34%
JK Cement LtdEquity5.22 Cr0.34%
Dabur India LtdEquity5.13 Cr0.33%
Deepak Nitrite LtdEquity5.1 Cr0.33%
Eicher Motors LtdEquity4.86 Cr0.32%
Rural Electrification Corporation LimitedBond - Corporate Bond4.83 Cr0.31%
Bank Of BarodaCash - CD/Time Deposit4.69 Cr0.31%
Biocon LtdEquity4.56 Cr0.30%
IIFL Finance LtdEquity4.55 Cr0.30%
Avalon Technologies LtdEquity4.34 Cr0.28%
BSE LtdEquity4.28 Cr0.28%
Tech Mahindra LtdEquity4.27 Cr0.28%
Kajaria Ceramics LtdEquity4.21 Cr0.27%
Bandhan Bank LtdEquity4.18 Cr0.27%
Sona BLW Precision Forgings LtdEquity4.14 Cr0.27%
Krishna Institute of Medical Sciences LtdEquity4.12 Cr0.27%
Bank Of BarodaBond - Corporate Bond4.07 Cr0.27%
Oil & Natural Gas Corp LtdEquity4.02 Cr0.26%
J.B. Chemicals & Pharmaceuticals LtdEquity3.7 Cr0.24%
KFin Technologies LtdEquity3.59 Cr0.23%
Prince Pipes And Fittings Ltd Ordinary SharesEquity3.51 Cr0.23%
Cholamandalam Investment and Finance Co LtdEquity3.47 Cr0.23%
Balrampur Chini Mills LtdEquity3.36 Cr0.22%
Westlife Foodworld LtdEquity3.09 Cr0.20%
Gateway Distriparks LtdEquity3.01 Cr0.20%
Greenply Industries LtdEquity2.83 Cr0.18%
Crompton Greaves Consumer Electricals LtdEquity2.54 Cr0.17%
ICICI Bank LimitedBond - Corporate Bond2.4 Cr0.16%
Zee Entertainment Enterprises LtdEquity2.2 Cr0.14%
United Spirits LtdEquity1.98 Cr0.13%
Sun TV Network LtdEquity1.89 Cr0.12%
Adani Ports & Special Economic Zone LtdEquity1.82 Cr0.12%
ACC LtdEquity1.79 Cr0.12%
Emami LtdEquity1.59 Cr0.10%
SRF LtdEquity1.57 Cr0.10%
Cera Sanitaryware LtdEquity1.43 Cr0.09%
RBL Bank LtdEquity1.32 Cr0.09%
Container Corporation of India LtdEquity1.06 Cr0.07%
Bajaj Finance LtdEquity0.91 Cr0.06%
Cipla LtdEquity0.78 Cr0.05%
IndiaMART InterMESH LtdEquity0.71 Cr0.05%
Nestle India LtdEquity0.26 Cr0.02%
Canara BankEquity0.16 Cr0.01%
Page Industries LtdEquity0.14 Cr0.01%

Allocation By Market Cap (Equity)

Large Cap Stocks

51.71%

Mid Cap Stocks

7.37%

Small Cap Stocks

7.43%

Allocation By Credit Quality (Debt)

AAA

AA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services337.55 Cr22.00%
Consumer Cyclical125.96 Cr8.21%
Basic Materials103.76 Cr6.76%
Industrials102.22 Cr6.66%
Technology90.26 Cr5.88%
Energy80.66 Cr5.26%
Healthcare58.5 Cr3.81%
Consumer Defensive57.79 Cr3.77%
Communication Services29.01 Cr1.89%
Utilities20.82 Cr1.36%
Real Estate13.9 Cr0.91%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

7.46%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

0.90

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.79

Higher the better

Fund Managers

MJ

Mahendra Jajoo

Since August 2022

HB

Harshad Borawake

Since August 2022

Additional Scheme Detailsas of 31st March 2024

ISININF769K01IN6Expense Ratio0.74%Exit Load1.00%Fund Size₹1,534 CrAge12 Aug 2022Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkNifty 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%₹1235.60 Cr32.3%
Motilal Oswal Balance Advantage Fund Direct Growth

Very High Risk

1.0%1.0%₹1235.60 Cr33.9%
Quant Dynamic Asset Allocation Fund Direct Growth

Very High Risk

0.7%1.0%₹890.96 Cr60.5%
Quant Dynamic Asset Allocation Fund Regular Growth

Very High Risk

2.2%1.0%₹890.96 Cr57.9%
Bandhan Balanced Advantage Fund Direct Growth

Moderately High risk

0.7%1.0%₹2224.10 Cr21.5%
Bandhan Balanced Advantage Fund Regular Growth

Moderately High risk

1.9%1.0%₹2224.10 Cr19.9%
Mahindra Manulife Balanced Advantage Fund Regular Growth

Very High Risk

2.3%1.0%₹702.76 Cr30.5%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹702.76 Cr32.8%
Mirae Asset Balanced Advantage Fund Direct Growth

Very High Risk

0.7%1.0%₹1534.21 Cr22.9%
Mirae Asset Balanced Advantage Fund Regular Growth

Very High Risk

2.1%1.0%₹1534.21 Cr21.2%

About the AMC

Total AUM

₹1,67,826 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

Very High Risk

0.4%1.0%₹1325.63 Cr-
Mirae Asset Great Consumer Fund Direct Growth

Very High Risk

0.5%1.0%₹3182.73 Cr39.1%
Mirae Asset Cash Management Direct Growth

Low to Moderate Risk

0.1%0.0%₹6871.66 Cr7.4%
Mirae Asset Emerging Bluechip Direct Growth

Very High Risk

0.7%1.0%₹33618.78 Cr39.6%
Mirae Asset Large Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹37884.61 Cr24.5%
Mirae Asset Savings Fund Direct Growth

Moderate Risk

0.2%0.0%₹493.94 Cr7.5%
Mirae Asset Money Market Fund Direct Growth

Moderate Risk

0.2%0.0%₹106.37 Cr7.6%
Mirae Asset Focused Fund Direct Growth

Very High Risk

0.6%1.0%₹8425.01 Cr23.1%
Mirae Asset Dynamic Bond Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹157.90 Cr6.7%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹1441.40 Cr95.4%
Mirae Asset Hybrid Equity Fund Direct Growth

Very High Risk

0.4%1.0%₹8400.93 Cr26.2%
Mirae Asset Equity Allocator Fund of Fund Direct Growth

Very High Risk

0.0%0.0%₹678.48 Cr34.9%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

Very High Risk

0.6%0.0%₹111.71 Cr28.8%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹506.21 Cr55.1%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹792.36 Cr7.0%
Mirae Asset Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹1003.21 Cr7.6%
Mirae Asset Flexi Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹1699.82 Cr33.7%
Mirae Asset Banking and Financial Services Fund Direct Growth

Very High Risk

0.7%1.0%₹1593.76 Cr25.5%
Mirae Asset Multicap Fund Direct Growth

Very High Risk

0.5%1.0%₹2488.33 Cr-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

Very High Risk

0.6%0.0%₹72.78 Cr51.4%
Mirae Asset Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹21475.97 Cr36.7%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹83.06 Cr7.3%
Mirae Asset Corporate Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹51.08 Cr6.9%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹69.33 Cr-15.7%
Mirae Asset Equity Savings Fund Direct Growth

Moderately High risk

0.3%1.0%₹930.11 Cr18.4%
Mirae Asset Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹60.35 Cr6.9%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth

Very High Risk

1.0%1.0%₹346.82 Cr38.1%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth

Very High Risk

0.7%1.0%₹95.84 Cr-4.0%
Mirae Asset Overnight Fund Direct Growth

Low Risk

0.0%0.0%₹593.94 Cr6.8%
Mirae Asset Short Term Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹335.66 Cr7.2%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹225.61 Cr7.2%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹103.03 Cr7.0%
Mirae Asset Healthcare Fund Direct Growth

Very High Risk

0.5%1.0%₹2235.15 Cr47.7%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.1%0.0%₹1451.16 Cr8.6%
Mirae Asset Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹14251.70 Cr49.5%
Mirae Asset Balanced Advantage Fund Direct Growth

Very High Risk

0.7%1.0%₹1534.21 Cr22.9%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Mirae Asset Balanced Advantage Fund Direct Growth, as of 18-Apr-2024, is ₹12.67.
The fund's allocation of assets is distributed as 66.51% in equities, 23.62% in bonds, and 9.86% in cash and cash equivalents.
The fund managers responsible for Mirae Asset Balanced Advantage Fund Direct Growth are:-
  1. Mahendra Jajoo
  2. Harshad Borawake