Mirae Asset Balanced Advantage Fund Regular Growth

Fund Overview

Fund Size

₹1,570 Cr

Expense Ratio

2.09%

ISIN

INF769K01IK2

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

12 Aug 2022

About this fund

Mirae Asset Balanced Advantage Fund Regular 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, 9 months and 8 days, having been launched on 12-Aug-22.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹12.63, Assets Under Management (AUM) of 1570.06 Crores, and an expense ratio of 2.09%.

Mirae Asset Balanced Advantage Fund Regular Growth has given a CAGR return of 14.02% since inception.
The fund's asset allocation comprises around 65.69% in equities, 25.78% in debts, and 8.53% in cash & cash equivalents.
You can start investing in Mirae Asset Balanced Advantage Fund Regular 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

+20.59%

+23.60% (Cat Avg.)

Since Inception

+14.02%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity	₹1,031.36 Cr	65.69%
Debt	₹404.73 Cr	25.78%
Others	₹133.97 Cr	8.53%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Treps	Cash - Repurchase Agreement	₹88.66 Cr	5.65%
7.18% Govt Stock 2033	Bond - Gov't/Treasury	₹84.9 Cr	5.41%
HDFC Bank Ltd	Equity	₹75.65 Cr	4.82%
7.38% Govt Stock 2027	Bond - Gov't/Treasury	₹70.36 Cr	4.48%
ICICI Bank Ltd	Equity	₹50.93 Cr	3.24%
State Bank of India	Equity	₹46.92 Cr	2.99%
Reliance Industries Ltd	Equity	₹42.09 Cr	2.68%
Infosys Ltd	Equity	₹35.57 Cr	2.27%
Larsen & Toubro Ltd	Equity	₹34.53 Cr	2.20%
Axis Bank Ltd	Equity	₹29.93 Cr	1.91%
7.1% Govt Stock 2034	Bond - Gov't/Treasury	₹27.32 Cr	1.74%
Coal India Ltd	Equity	₹26.98 Cr	1.72%
Bharti Airtel Ltd	Equity	₹26.05 Cr	1.66%
Cholamandalam Investment And Finance Company Limited	Bond - Corporate Bond	₹24.95 Cr	1.59%
HDFC Bank Limited	Bond - Corporate Bond	₹24.84 Cr	1.58%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹24.54 Cr	1.56%
6.54% Govt Stock 2032	Bond - Gov't/Treasury	₹24.01 Cr	1.53%
Ambuja Cements Ltd	Equity	₹22.94 Cr	1.46%
ITC Ltd	Equity	₹21.83 Cr	1.39%
Tata Consultancy Services Ltd	Equity	₹21.29 Cr	1.36%
NTPC Ltd	Equity	₹20.41 Cr	1.30%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹19.99 Cr	1.27%
Kotak Mahindra Bank Ltd	Equity	₹18.75 Cr	1.19%
Net Receivables / (Payables)	Cash	₹17.97 Cr	1.14%
Hindalco Industries Ltd	Equity	₹17.82 Cr	1.14%
Tata Steel Ltd	Equity	₹17.26 Cr	1.10%
Bharat Petroleum Corp Ltd	Equity	₹17.25 Cr	1.10%
Tata Motors Ltd	Equity	₹16.97 Cr	1.08%
Shriram Finance Ltd	Equity	₹16.83 Cr	1.07%
TD Power Systems Ltd	Equity	₹15.93 Cr	1.01%
Bharat Electronics Ltd	Equity	₹15.78 Cr	1.00%
Hindustan Unilever Ltd	Equity	₹15.56 Cr	0.99%
Bank Of Baroda	Cash - CD/Time Deposit	₹15.12 Cr	0.96%
Aurobindo Pharma Ltd	Equity	₹15.09 Cr	0.96%
Bharti Telecom Limited	Bond - Corporate Bond	₹15.03 Cr	0.96%
National Bank for Agriculture and Rural Development 7.62%	Bond - Gov't Agency Debt	₹14.93 Cr	0.95%
Power Finance Corp Ltd	Equity	₹14.22 Cr	0.91%
Punjab National Bank	Bond - Gov't Agency Debt	₹14.19 Cr	0.90%
LIC Housing Finance Ltd	Equity	₹13.25 Cr	0.84%
Samvardhana Motherson International Ltd	Equity	₹13.07 Cr	0.83%
Torrent Pharmaceuticals Ltd	Equity	₹12.97 Cr	0.83%
SBI Life Insurance Company Limited	Equity	₹12.35 Cr	0.79%
Steel Authority Of India Ltd	Equity	₹11.69 Cr	0.74%
Sun Pharmaceuticals Industries Ltd	Equity	₹11.29 Cr	0.72%
IndusInd Bank Ltd	Equity	₹10.61 Cr	0.68%
Fusion Micro Finance Ltd	Equity	₹10.36 Cr	0.66%
Titan Co Ltd	Equity	₹10.17 Cr	0.65%
Zomato Ltd	Equity	₹10.16 Cr	0.65%
Jamnagar Utilities And Power Private Limited	Bond - Corporate Bond	₹10.04 Cr	0.64%
7.26% Govt Stock 2033	Bond - Gov't/Treasury	₹10.03 Cr	0.64%
Nexus Select Trust	Bond - Corporate Bond	₹9.96 Cr	0.63%
Electronics Mart India Ltd	Equity	₹9.75 Cr	0.62%
Mahanagar Telephone Nigam Limited	Bond - Corporate Bond	₹9.61 Cr	0.61%
Jindal Steel & Power Ltd	Equity	₹9.53 Cr	0.61%
Yatra Online Ltd	Equity	₹8.37 Cr	0.53%
Oil & Natural Gas Corp Ltd	Equity	₹8.07 Cr	0.51%
State Bank Of India	Bond - Corporate Bond	₹7.78 Cr	0.50%
PI Industries Ltd	Equity	₹7.76 Cr	0.49%
Havells India Ltd	Equity	₹7.6 Cr	0.48%
Craftsman Automation Ltd	Equity	₹7.58 Cr	0.48%
Shriram Transport Finance Company Limited	Bond - Corporate Bond	₹7.51 Cr	0.48%
Brigade Enterprises Ltd	Equity	₹7.5 Cr	0.48%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹7.47 Cr	0.48%
JSW Steel Ltd	Equity	₹7.26 Cr	0.46%
DLF Ltd	Equity	₹7.06 Cr	0.45%
HCL Technologies Ltd	Equity	₹7.01 Cr	0.45%
InterGlobe Aviation Ltd	Equity	₹6.85 Cr	0.44%
LTIMindtree Ltd	Equity	₹6.72 Cr	0.43%
Bajaj Finance Ltd	Equity	₹6.66 Cr	0.42%
Go Fashion (India) Ltd	Equity	₹6.58 Cr	0.42%
MTAR Technologies Ltd	Equity	₹6.06 Cr	0.39%
The Federal Bank Ltd	Equity	₹6 Cr	0.38%
Godrej Consumer Products Ltd	Equity	₹5.92 Cr	0.38%
Deepak Nitrite Ltd	Equity	₹5.83 Cr	0.37%
Maruti Suzuki India Ltd	Equity	₹5.72 Cr	0.36%
Eicher Motors Ltd	Equity	₹5.56 Cr	0.35%
TVS Motor Co Ltd	Equity	₹5.53 Cr	0.35%
IIFL Finance Ltd	Equity	₹5.43 Cr	0.35%
Max Financial Services Ltd	Equity	₹5.33 Cr	0.34%
Biocon Ltd	Equity	₹5.15 Cr	0.33%
JK Cement Ltd	Equity	₹5.12 Cr	0.33%
Dabur India Ltd	Equity	₹4.98 Cr	0.32%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹4.79 Cr	0.31%
Bank Of Baroda	Cash - CD/Time Deposit	₹4.71 Cr	0.30%
Cipla Ltd	Equity	₹4.62 Cr	0.29%
Avalon Technologies Ltd	Equity	₹4.55 Cr	0.29%
Cholamandalam Financial Holdings Ltd	Equity	₹4.39 Cr	0.28%
Kajaria Ceramics Ltd	Equity	₹4.39 Cr	0.28%
KFin Technologies Ltd	Equity	₹4.39 Cr	0.28%
Bandhan Bank Ltd	Equity	₹4.38 Cr	0.28%
Tech Mahindra Ltd	Equity	₹4.32 Cr	0.28%
Prince Pipes And Fittings Ltd Ordinary Shares	Equity	₹4.08 Cr	0.26%
Krishna Institute of Medical Sciences Ltd	Equity	₹4.07 Cr	0.26%
Sona BLW Precision Forgings Ltd	Equity	₹3.67 Cr	0.23%
Balrampur Chini Mills Ltd	Equity	₹3.67 Cr	0.23%
Page Industries Ltd	Equity	₹3.59 Cr	0.23%
Cholamandalam Investment and Finance Co Ltd	Equity	₹3.58 Cr	0.23%
J.B. Chemicals & Pharmaceuticals Ltd	Equity	₹3.47 Cr	0.22%
IDFC Ltd	Equity	₹3.29 Cr	0.21%
Westlife Foodworld Ltd	Equity	₹3.26 Cr	0.21%
Gateway Distriparks Ltd	Equity	₹3.2 Cr	0.20%
Glenmark Pharmaceuticals Ltd	Equity	₹3.17 Cr	0.20%
Greenply Industries Ltd	Equity	₹3.14 Cr	0.20%
Crompton Greaves Consumer Electricals Ltd	Equity	₹3.02 Cr	0.19%
Bharti Hexacom Ltd	Equity	₹2.87 Cr	0.18%
Zee Entertainment Enterprises Ltd	Equity	₹2.34 Cr	0.15%
JNK India Ltd	Equity	₹2.19 Cr	0.14%
Sun TV Network Ltd	Equity	₹2.06 Cr	0.13%
United Spirits Ltd	Equity	₹2.06 Cr	0.13%
ACC Ltd	Equity	₹1.82 Cr	0.12%
Adani Ports & Special Economic Zone Ltd	Equity	₹1.8 Cr	0.11%
SRF Ltd	Equity	₹1.61 Cr	0.10%
Cera Sanitaryware Ltd	Equity	₹1.52 Cr	0.10%
RBL Bank Ltd	Equity	₹1.43 Cr	0.09%
Container Corporation of India Ltd	Equity	₹1.23 Cr	0.08%
Dixon Technologies (India) Ltd	Equity	₹0.42 Cr	0.03%
Canara Bank	Equity	₹0.17 Cr	0.01%
Iifl Fin	Equity	₹0.14 Cr	0.01%

Allocation By Market Cap (Equity)

Large Cap Stocks

49.58%

Mid Cap Stocks

8.34%

Small Cap Stocks

7.77%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹340.46 Cr	21.68%
Consumer Cyclical	₹113.02 Cr	7.20%
Basic Materials	₹111.8 Cr	7.12%
Industrials	₹105.16 Cr	6.70%
Energy	₹94.38 Cr	6.01%
Technology	₹84.26 Cr	5.37%
Healthcare	₹59.83 Cr	3.81%
Consumer Defensive	₹54.01 Cr	3.44%
Communication Services	₹33.32 Cr	2.12%
Utilities	₹20.41 Cr	1.30%
Real Estate	₹14.56 Cr	0.93%

Risk & Performance Ratios

Standard Deviation

This fund

Cat. avg.

7.46%

Lower the better

Sharpe Ratio

This fund

Cat. avg.

0.95

Higher the better

Sortino Ratio

This fund

Cat. avg.

1.90

Higher the better

Fund Managers

Mahendra Jajoo

Since August 2022

Harshad Borawake

Since August 2022

Additional Scheme Detailsas of 30th April 2024

	ISIN	INF769K01IK2		Expense Ratio	2.09%		Exit Load	1.00%		Fund Size	₹1,570 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 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 name	Expense Ratio	Exit Load	Fund size	1Y
Motilal Oswal Balance Advantage Fund Regular Growth Very High Risk	2.2%	1.0%	₹1247.43 Cr	27.0%
Motilal Oswal Balance Advantage Fund Direct Growth Very High Risk	1.0%	1.0%	₹1247.43 Cr	28.5%
Quant Dynamic Asset Allocation Fund Direct Growth Very High Risk	0.7%	1.0%	₹1046.84 Cr	61.0%
Quant Dynamic Asset Allocation Fund Regular Growth Very High Risk	2.2%	1.0%	₹1046.84 Cr	58.5%
Bandhan Balanced Advantage Fund Direct Growth Moderately High risk	0.6%	1.0%	₹2228.68 Cr	20.5%
Bandhan Balanced Advantage Fund Regular Growth Moderately High risk	1.9%	1.0%	₹2228.68 Cr	18.9%
Mahindra Manulife Balanced Advantage Fund Regular Growth Very High Risk	2.3%	1.0%	₹731.33 Cr	28.9%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹731.33 Cr	31.1%
Mirae Asset Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹1570.06 Cr	22.3%
Mirae Asset Balanced Advantage Fund Regular Growth High Risk	2.1%	1.0%	₹1570.06 Cr	20.6%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

https://www.miraeassetmf.co.in/

Total AUM

₹1,63,012 Cr

Address

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

Other Funds by Mirae Asset India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹1406.88 Cr	-
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹3351.36 Cr	37.7%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹10073.98 Cr	7.3%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹34974.46 Cr	40.7%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹38060.19 Cr	24.0%
Mirae Asset Savings Fund Direct Growth Moderate Risk	0.2%	0.0%	₹594.96 Cr	7.4%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹145.28 Cr	7.6%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹8312.74 Cr	18.4%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹155.33 Cr	6.6%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹1570.17 Cr	80.9%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹8545.85 Cr	25.3%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹705.09 Cr	34.9%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹111.07 Cr	28.2%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹531.86 Cr	49.1%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹795.72 Cr	6.8%
Mirae Asset Ultra Short Duration Fund Direct Growth Moderate Risk	0.2%	0.0%	₹1463.94 Cr	7.6%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹1815.41 Cr	33.8%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1702.61 Cr	24.3%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹2683.33 Cr	-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹78.52 Cr	60.1%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹22471.76 Cr	36.2%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹83.22 Cr	6.8%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹49.85 Cr	6.6%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.8%	0.0%	₹72.50 Cr	7.2%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1019.74 Cr	17.7%
Mirae Asset Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹59.30 Cr	6.7%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹316.95 Cr	41.2%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	2.0%	1.0%	₹95.84 Cr	2.8%
Mirae Asset Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹865.39 Cr	6.8%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹346.19 Cr	7.0%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹225.99 Cr	6.2%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹103.31 Cr	6.9%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2236.01 Cr	52.1%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹1870.00 Cr	8.5%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹15139.44 Cr	53.0%
Mirae Asset Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹1570.06 Cr	22.3%

Risk Level

Your principal amount will be at High Risk

Still got questions?
We're here to help.

What is the current NAV of Mirae Asset Balanced Advantage Fund Regular Growth?

The NAV of Mirae Asset Balanced Advantage Fund Regular Growth, as of 17-May-2024, is ₹12.63.

What is the portfolio composition of Mirae Asset Balanced Advantage Fund Regular Growth?

The fund's allocation of assets is distributed as 65.69% in equities, 25.78% in bonds, and 8.53% in cash and cash equivalents.

Who manages the Mirae Asset Balanced Advantage Fund Regular Growth?

The fund managers responsible for Mirae Asset Balanced Advantage Fund Regular Growth are:-

Mahendra Jajoo
Harshad Borawake

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Mirae Asset Balanced Advantage Fund Regular Growth

Fund Overview