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Fund Overview

Fund Size

Fund Size

₹8,414 Cr

Expense Ratio

Expense Ratio

0.38%

ISIN

ISIN

INF769K01DH9

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

29 Jul 2015

About this fund

Mirae Asset Hybrid Equity Fund Direct Growth is a Aggressive Allocation mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 8 years, 8 months and 17 days, having been launched on 29-Jul-15.
As of 12-Apr-24, it has a Net Asset Value (NAV) of ₹32.23, Assets Under Management (AUM) of 8413.74 Crores, and an expense ratio of 0.38%.
  • Mirae Asset Hybrid Equity Fund Direct Growth has given a CAGR return of 14.39% since inception.
  • The fund's asset allocation comprises around 74.07% in equities, 19.08% in debts, and 6.85% in cash & cash equivalents.
  • You can start investing in Mirae Asset Hybrid Equity 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

+27.65%

+29.93%(Cat. Avg.)

3 Years

+16.76%

+17.07%(Cat. Avg.)

5 Years

+15.35%

+14.76%(Cat. Avg.)

Since Inception

+14.39%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Equity6,231.95 Cr74.07%
Debt1,605.35 Cr19.08%
Others576.44 Cr6.85%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity494.57 Cr5.89%
ICICI Bank LtdEquity406.47 Cr4.84%
State Bank of IndiaEquity358.18 Cr4.26%
Reliance Industries LtdEquity356.41 Cr4.24%
Infosys LtdEquity289.26 Cr3.44%
Axis Bank LtdEquity262.49 Cr3.12%
Larsen & Toubro LtdEquity236.98 Cr2.82%
NTPC LtdEquity209.4 Cr2.49%
TrepsCash - Repurchase Agreement200.73 Cr2.39%
7.18% Govt Stock 2033Bond - Gov't/Treasury165.4 Cr1.97%
Bharti Airtel LtdEquity159.3 Cr1.90%
ITC LtdEquity158.53 Cr1.89%
Tata Motors LtdEquity151.78 Cr1.81%
7.38% Govt Stock 2027Bond - Gov't/Treasury137.24 Cr1.63%
Tata Consultancy Services LtdEquity126.03 Cr1.50%
Bharat Electronics LtdEquity112.84 Cr1.34%
Aurobindo Pharma LtdEquity111.85 Cr1.33%
Ambuja Cements LtdEquity107.9 Cr1.28%
Shriram Finance LtdEquity99 Cr1.18%
Tata Steel LtdEquity96.55 Cr1.15%
Gujarat State Petronet LtdEquity96.44 Cr1.15%
7.26% Govt Stock 2032Bond - Gov't/Treasury89.45 Cr1.06%
Zomato LtdEquity87.02 Cr1.04%
Maruti Suzuki India LtdEquity84.49 Cr1.01%
Craftsman Automation LtdEquity80.12 Cr0.95%
Samvardhana Motherson International LtdEquity79.06 Cr0.94%
Havells India LtdEquity77.32 Cr0.92%
Hindustan Unilever LtdEquity76.24 Cr0.91%
7.26% Govt Stock 2033Bond - Gov't/Treasury75.84 Cr0.90%
Kotak Mahindra Bank LtdEquity74.42 Cr0.89%
Delhivery LtdEquity71.72 Cr0.85%
Sun Pharmaceuticals Industries LtdEquity71.48 Cr0.85%
InterGlobe Aviation LtdEquity70.46 Cr0.84%
Godrej IndustriesCash - Commercial Paper64.67 Cr0.77%
Embassy Office Parks ReitBond - Asset Backed64.6 Cr0.77%
Greenply Industries LtdEquity62.1 Cr0.74%
SBI Life Insurance Company LimitedEquity60.62 Cr0.72%
HCL Technologies LtdEquity59.43 Cr0.71%
IndusInd Bank LtdEquity57.77 Cr0.69%
TVS Motor Co LtdEquity57.53 Cr0.68%
LIC Housing Finance LtdEquity56.63 Cr0.67%
Hindalco Industries LtdEquity55.67 Cr0.66%
Hero Fincorp LimitedBond - Corporate Bond55.36 Cr0.66%
Dabur India LtdEquity55 Cr0.65%
Max Financial Services LtdEquity53.57 Cr0.64%
Coal India LtdEquity53.18 Cr0.63%
Prince Pipes And Fittings Ltd Ordinary SharesEquity52.28 Cr0.62%
7.18% Govt Stock 2037Bond - Gov't/Treasury51.89 Cr0.62%
Titan Co LtdEquity50.17 Cr0.60%
Shriram Transport Finance Company LimitedBond - Corporate Bond50.06 Cr0.60%
Cholamandalam Investment And Fin. Co. LtdBond - Corporate Bond49.99 Cr0.60%
Muthoot Finance LimitedBond - Corporate Bond49.85 Cr0.59%
Muthoot Finance LimitedBond - Corporate Bond49.78 Cr0.59%
Power Finance Corp Ltd. 7.42%Bond - Corporate Bond49.71 Cr0.59%
Godrej Consumer Products LtdEquity49.32 Cr0.59%
TD Power Systems LtdEquity48.82 Cr0.58%
Kajaria Ceramics LtdEquity47.89 Cr0.57%
Torrent Pharmaceuticals LtdEquity47.85 Cr0.57%
Mphasis LtdEquity47.76 Cr0.57%
Krishna Institute of Medical Sciences LtdEquity45.41 Cr0.54%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond44.7 Cr0.53%
7.06% Govt Stock 2028Bond - Gov't/Treasury43 Cr0.51%
IIFL Samasta Finance LimitedCash - Commercial Paper41.77 Cr0.50%
Cholamandalam Financial Holdings LtdEquity40.97 Cr0.49%
Electronics Mart India LtdEquity40.9 Cr0.49%
Gateway Distriparks LtdEquity40.53 Cr0.48%
Cholamandalam Investment And Finance Company LimitedBond - Corporate Bond39.83 Cr0.47%
Sona BLW Precision Forgings LtdEquity39.81 Cr0.47%
Vinati Organics LtdEquity39.71 Cr0.47%
Rural Electrification Corporation LimitedBond - Corporate Bond38.64 Cr0.46%
LTIMindtree LtdEquity38.11 Cr0.45%
Crompton Greaves Consumer Electricals LtdEquity37.96 Cr0.45%
The Federal Bank LtdEquity37.17 Cr0.44%
Muthoot Finance LimitedBond - Corporate Bond34.9 Cr0.42%
Brigade Enterprises LtdEquity34.3 Cr0.41%
Motilal Oswal Financial Services LimitedCash - Commercial Paper33.84 Cr0.40%
Page Industries LtdEquity30.74 Cr0.37%
Net Receivables / (Payables)Cash30.71 Cr0.37%
7.3% Govt Stock 2053Bond - Gov't/Treasury30.65 Cr0.36%
Motilal Oswal Finvest LimitedBond - Corporate Bond30.04 Cr0.36%
SBI Cards and Payment Services Ltd Ordinary SharesEquity29.27 Cr0.35%
Jamnagar Utilities And Power Private LimitedBond - Corporate Bond28.1 Cr0.33%
UltraTech Cement LtdEquity27.79 Cr0.33%
Eicher Motors LtdEquity26.82 Cr0.32%
Go Fashion (India) LtdEquity26.51 Cr0.32%
Westlife Foodworld LtdEquity25.79 Cr0.31%
Larsen And Toubro LimitedBond - Corporate Bond25.11 Cr0.30%
Rural Electrification Corporation LimitedBond - Corporate Bond25.07 Cr0.30%
07.49 ML Sgs 2027Bond - Gov't/Treasury25.06 Cr0.30%
Bharti Telecom LimitedBond - Corporate Bond25.01 Cr0.30%
Northern Arc Capital LimitedBond - Corporate Bond24.98 Cr0.30%
Rural Electrification Corporation LimitedBond - Corporate Bond24.97 Cr0.30%
Embassy Office Parks ReitBond - Corporate Bond24.94 Cr0.30%
Tatva Chintan Pharma Chem LtdEquity24.85 Cr0.30%
Small Industries Development Bank Of IndiaBond - Corporate Bond24.82 Cr0.30%
Bharat Petroleum Corp LtdEquity21.81 Cr0.26%
Bank Of BarodaCash - CD/Time Deposit21.67 Cr0.26%
National Bank for Agriculture and Rural Development 7.68%Bond - Gov't Agency Debt20.05 Cr0.24%
Bajaj Finance LimitedBond - Corporate Bond19.94 Cr0.24%
Bajaj Finance LtdEquity19.74 Cr0.24%
Yatra Online LtdEquity19.46 Cr0.23%
Dalmia Bharat LtdEquity19.43 Cr0.23%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit18.86 Cr0.22%
Small Industries Development Bank Of IndiaBond - Corporate Bond17.56 Cr0.21%
Power Grid Corporation Of India LimitedBond - Corporate Bond15.05 Cr0.18%
Power Finance Corporation Ltd.Bond - Corporate Bond15.02 Cr0.18%
Rural Electrification Corporation LimitedBond - Corporate Bond14.94 Cr0.18%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond14.94 Cr0.18%
Power Finance Corporation Ltd.Bond - Corporate Bond14.91 Cr0.18%
Rec LimitedBond - Corporate Bond14.88 Cr0.18%
Piramal Capital & Housing Finance Ltd.Cash - Commercial Paper14.87 Cr0.18%
Axis Bank LimitedCash - CD/Time Deposit14.75 Cr0.18%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond14.7 Cr0.17%
ICICI Bank LimitedCash - CD/Time Deposit14.27 Cr0.17%
Emami LtdEquity12.89 Cr0.15%
Avalon Technologies LtdEquity12.65 Cr0.15%
360 One Prime Ltd. 9.66%Bond - Corporate Bond12.48 Cr0.15%
360 One Prime LimitedBond - Corporate Bond12.47 Cr0.15%
Bharti Telecom LimitedBond - Corporate Bond12.46 Cr0.15%
Bajaj Housing Finance LimitedBond - Corporate Bond12.01 Cr0.14%
06.99 Ts SDL 2028Bond - Gov't/Treasury10.85 Cr0.13%
Pipeline Infrastructure Ltd. 7.96%Bond - Corporate Bond10.07 Cr0.12%
07.61 RJ Sdl 2027Bond - Gov't/Treasury10.05 Cr0.12%
Rural Electrification Corporation LimitedBond - Corporate Bond10.03 Cr0.12%
ICICI Home Finance Company LimitedBond - Corporate Bond9.98 Cr0.12%
Embassy Office Parks ReitBond - Corporate Bond9.91 Cr0.12%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit9.84 Cr0.12%
LIC Housing Finance LtdBond - Corporate Bond9.72 Cr0.12%
HDFC Bank LimitedCash - CD/Time Deposit9.67 Cr0.12%
One97 Communications LtdEquity7.9 Cr0.09%
LIC Housing Finance LtdBond - Corporate Bond5.06 Cr0.06%
LIC Housing Finance LtdBond - Corporate Bond5.05 Cr0.06%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond5.02 Cr0.06%
Godrej Properties LimitedBond - Corporate Bond5.01 Cr0.06%
07.59 Ka Sdl 2027marBond - Gov't/Treasury4.02 Cr0.05%
IDFC First Bank LimitedBond - Corporate Bond3.92 Cr0.05%
IDFC First Bank LimitedBond - Corporate Bond3.92 Cr0.05%
HDFC Bank LimitedBond - Corporate Bond2.99 Cr0.04%
07.25 PN Sdl 2027Bond - Gov't/Treasury2.99 Cr0.04%
Indian Oil Corporation LimitedBond - Corporate Bond1.55 Cr0.02%
08.39 AP Sdl 2026Bond - Gov't/Treasury1.27 Cr0.02%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond0.99 Cr0.01%
Nestle India LtdEquity0 Cr0.00%

Allocation By Market Cap (Equity)

Large Cap Stocks

57.82%

Mid Cap Stocks

8.35%

Small Cap Stocks

7.90%

Allocation By Credit Quality (Debt)

AAA

AA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services2,050.89 Cr24.41%
Consumer Cyclical838.16 Cr9.98%
Industrials758.85 Cr9.03%
Technology581.14 Cr6.92%
Basic Materials434 Cr5.17%
Energy431.4 Cr5.14%
Consumer Defensive351.98 Cr4.19%
Utilities305.85 Cr3.64%
Healthcare276.59 Cr3.29%
Communication Services159.3 Cr1.90%
Real Estate34.3 Cr0.41%

Risk & Performance Ratios

Standard Deviation

This fund

9.29%

Cat. avg.

10.02%

Lower the better

Sharpe Ratio

This fund

1.02

Cat. avg.

0.97

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.83

Higher the better

Fund Managers

MJ

Mahendra Jajoo

Since September 2016

Vrijesh Kasera

Vrijesh Kasera

Since April 2020

HB

Harshad Borawake

Since April 2020

Additional Scheme Detailsas of 31st March 2024

ISININF769K01DH9Expense Ratio0.38%Exit Load1.00%Fund Size₹8,414 CrAge29 Jul 2015Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkCRISIL Hybrid 35+65 - Agg 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.

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Fund nameExpense RatioExit LoadFund size
1Y
Mahindra Manulife Aggressive Hybrid Fund Regular Growth

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Mahindra Manulife Aggressive Hybrid Fund Direct Growth

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0.5%1.0%₹1070.68 Cr35.9%
Bandhan Hybrid Equity Fund Direct Growth

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1.0%1.0%₹691.54 Cr28.8%
Bandhan Hybrid Equity Fund Regular Growth

Very High Risk

2.4%1.0%₹691.54 Cr27.2%
Tata Hybrid Equity Fund Regular Growth

Very High Risk

1.9%1.0%₹3688.01 Cr24.2%
UTI Hybrid Equity Fund Regular Growth

Very High Risk

1.9%1.0%₹5243.15 Cr32.5%
Nippon India Equity Hybrid Fund Regular Growth

Very High Risk

2.0%1.0%₹3435.18 Cr30.8%
SBI Equity Hybrid Fund Regular Growth

Very High Risk

1.4%1.0%₹67196.19 Cr25.4%
Canara Robeco Equity Hybrid Fund Regular Growth

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Quant Absolute Fund Regular Growth

Very High Risk

2.0%1.0%₹1868.85 Cr38.8%

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%₹1195.70 Cr-
Mirae Asset Great Consumer Fund Direct Growth

Very High Risk

0.4%1.0%₹3182.73 Cr41.7%
Mirae Asset Cash Management Direct Growth

Low to Moderate Risk

0.1%0.0%₹12302.59 Cr7.4%
Mirae Asset Emerging Bluechip Direct Growth

Very High Risk

0.6%1.0%₹33711.38 Cr41.8%
Mirae Asset Large Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹37884.61 Cr26.3%
Mirae Asset Savings Fund Direct Growth

Moderate Risk

0.3%0.0%₹463.30 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 Cr25.2%
Mirae Asset Dynamic Bond Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹157.90 Cr6.6%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹1441.40 Cr100.9%
Mirae Asset Hybrid Equity Fund Direct Growth

Very High Risk

0.4%1.0%₹8413.74 Cr27.7%
Mirae Asset Equity Allocator Fund of Fund Direct Growth

Very High Risk

0.3%0.0%₹678.48 Cr37.6%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

Very High Risk

0.6%0.0%₹111.71 Cr30.2%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹506.21 Cr56.9%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹792.36 Cr6.7%
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

0.6%1.0%₹1648.72 Cr36.2%
Mirae Asset Banking and Financial Services Fund Direct Growth

Very High Risk

0.6%1.0%₹1593.76 Cr30.4%
Mirae Asset Multicap Fund Direct Growth

Very High Risk

0.5%1.0%₹2439.86 Cr-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

Very High Risk

0.6%0.0%₹72.78 Cr54.1%
Mirae Asset Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹21301.58 Cr38.3%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹82.53 Cr7.1%
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-14.4%
Mirae Asset Equity Savings Fund Direct Growth

Moderately High risk

0.3%1.0%₹930.11 Cr19.0%
Mirae Asset Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹62.66 Cr6.9%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth

Very High Risk

0.3%1.0%₹302.28 Cr42.5%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth

Very High Risk

2.0%1.0%₹96.06 Cr-0.3%
Mirae Asset Overnight Fund Direct Growth

Low Risk

0.0%0.0%₹1636.58 Cr6.8%
Mirae Asset Short Term Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹342.68 Cr7.2%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹224.65 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%₹106.86 Cr6.9%
Mirae Asset Healthcare Fund Direct Growth

Very High Risk

0.5%1.0%₹2235.15 Cr50.9%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.1%0.0%₹1451.16 Cr8.4%
Mirae Asset Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹14251.70 Cr52.1%
Mirae Asset Balanced Advantage Fund Direct Growth

Very High Risk

0.7%1.0%₹1518.44 Cr23.9%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Mirae Asset Hybrid Equity Fund Direct Growth, as of 12-Apr-2024, is ₹32.23.
The fund has generated 27.65% over the last 1 year and 16.76% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 74.07% in equities, 19.08% in bonds, and 6.85% in cash and cash equivalents.
The fund managers responsible for Mirae Asset Hybrid Equity Fund Direct Growth are:-
  1. Mahendra Jajoo
  2. Vrijesh Kasera
  3. Harshad Borawake