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Mirae Asset Balanced Advantage Fund Direct - Growth
NAV as of ( Sep 09, 2022 )
₹ 10.1 0.05 % 1-D Change
Returns
9.45%
You get upto 0% extra returns
ET Money's Fund Report Card - Mirae Asset Balanced Advantage Fund
Sorry! A report card for this scheme is not available because it has been in existence for less than 3 years.
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Monthly SIP
Monthly SIP is not available for this fund
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Lumpsum
Lumpsum is not available for this fund
₹
Minimum SIP amount is ₹
₹
Minimum Lumpsum amount is ₹
Fresh Investments closed in this fund!
This fund is no longer available to invest
This fund 9.45% returns since inception
Note: The Performance of the Scheme will be displayed once it has been in existence for at least 3 months.
Scheme Details
| ET Money Rank | Not yet ranked |
| VRO Rating | |
| Expense ratio | NA |
| Exit Load |
1.0%
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| AUM (Fund Size) | ₹ 794 Crs |
| Lock-in | No Lockin |
| Age | 1 m Since Jul 21, 2022 |
| Benchmark | Nifty 50 Hybrid Composite debt 50:50 Index |
| Min. Investment |
SIP ₹ 1000 & Lumpsum ₹ 5000 |
About Mirae Asset Balanced Advantage Fund
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Investment Returns Calculator
Total investment
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Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
Latest Asset & Portfolio Allocation
as on Aug 31, 2022
Top Stock Holdings
Allocation by Market Cap
Large Cap 35.02%
Mid Cap 4.4%
Small Cap 2.4%
Other Cap 0%
Allocation by Sector
Financial 20.79%
Energy 6.51%
Technology 6.13%
Consumer Staples 5.58%
Top Debt Holdings
GOI 13.7%
Small Industries Devp. Bank of India Ltd. 3.16%
Housing Development Finance Corpn. Ltd. 3.16%
Cholamandalam Investment & Finance Co. Ltd. 3.14%
Allocation by Credit Quality
Cash & Call Money 29.62%
SOV 13.7%
AAA 9.35%
AA+ 3.14%
Allocation by Instruments
Net Receivables 25.73%
GOI Securities 13.7%
Debenture 6.3%
Repo 3.89%
Other Holdings
Others 25.73%
Comparison with dynamic asset allocation Funds
as on Sep 12, 2022| Fund name | Annual Return % | Consistency | Value Research Rating |
|---|---|---|---|
| Motilal Oswal Dynamic Fund | 2.86% | ||
| PGIM India Balanced Advantage Fund | 2.7% | ||
| Sundaram Balanced Advantage Fund | 2.53% | ||
| HDFC Balanced Advantage Fund | 2.52% | ||
| Invesco India Dynamic Equity Fund | 2.21% | ||
| SBI Balanced Advantage Fund | 1.95% | ||
| Mirae Asset Balanced Advantage Fund | % |
Trailing Returns and Ranks
as on Sep 12, 2022| Period | Trailing returns | Category average | Rank within category |
|---|---|---|---|
| 1 month | 0.77% | 1.62% | 20 / 20 |
Riskometer
Level of Risk in the Scheme
Investors understand that their principal will be at Moderately High risk
Mirae Asset Balanced Advantage Fund
HYBRID DYNAMIC ASSET ALLOCATION
The scheme seeks to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives.
- Std. Dev : -
- Alpha : -
- Beta : -
- Sharpe : -
- Sortino : -
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Mahendra Kumar Jajoo
Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
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Harshad Borawake
Mr. Borawake is MBA(Finance) & B.E.(Polymers)
Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.
Mirae Asset Mutual Fund
TOTAL AUM:
₹1,02,384 Crs
As on Jun 30, 2022
- Phone: 022-67800301 / 1800-2090-777
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Address: Unit No.606 - 6th Floor,
Windsor Building - Off. CST Road,
Kalina, Santacruz (East),
Mumbai, 400098
