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NAV as of ( Sep 09, 2022 )
₹ 10.1 0.05 % 1-D Change
You get upto 0% extra returns
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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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.
|ET Money Rank||Not yet ranked|
|AUM (Fund Size)||₹ 794 Crs|
|Age||1 m Since Jul 21, 2022|
|Benchmark||Nifty 50 Hybrid Composite debt 50:50 Index|
SIP ₹ 1000 &
Lumpsum ₹ 5000
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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.
Large Cap 35.02%
Mid Cap 4.4%
Small Cap 2.4%
Other Cap 0%
Consumer Staples 5.58%
Small Industries Devp. Bank of India Ltd. 3.16%
Housing Development Finance Corpn. Ltd. 3.16%
Cholamandalam Investment & Finance Co. Ltd. 3.14%
Cash & Call Money 29.62%
Net Receivables 25.73%
GOI Securities 13.7%
|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||%|
Sign-up for free to compare fund with dynamic asset allocation funds
|Period||Trailing returns||Category average||Rank within category|
|1 month||0.77%||1.62%||20 / 20|
Level of Risk in the Scheme
Investors understand that their principal will be at Moderately High risk
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.
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.
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.
As on Jun 30, 2022
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Mirae Asset Balanced Advantage Fund for Sep 09, 2022 is 10.1 .
On ET Money, Investing in Mirae Asset Balanced Advantage Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
Redeeming your investments in Mirae Asset Balanced Advantage Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Mirae Asset Balanced Advantage Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Mirae Asset Balanced Advantage Fund is ₹794 Crs.
The Mirae Asset Balanced Advantage Fund's equity portion has been invested in the stocks of the following companies
|Company||Percentage of Portfolio|
|ICICI Bank Ltd.||5.01%|
|HDFC Bank Ltd.||4.59%|
|Reliance Industries Ltd.||4.09%|
|State Bank of India||2.7%|
|Larsen & Toubro Ltd.||1.83%|
|Axis Bank Ltd.||1.8%|
|Kotak Mahindra Bank Ltd.||1.72%|
|Maruti Suzuki India Ltd.||1.61%|
|Sun Pharmaceutical Inds. Ltd.||1.59%|
The Mirae Asset Balanced Advantage Fund's equity portion is primarily invested in the following sectors -
|Sector||Percentage of Portfolio|
|Metals & Mining||2.67%|
The credit rating of the instruments in which the fund invests represents the quality of the borrower.The Mirae Asset Balanced Advantage Fund's debt portion's allocation by credit quality is given below
|Credit Quality||Percentage of Portfolio|
|Cash & Call Money||29.62%|
The top 3 debt holdings of Mirae Asset Balanced Advantage Fund are as follows
|Holding Name||Percentage of Portfolio|
|Small Industries Devp. Bank of India Ltd.||3.16%|
|Housing Development Finance Corpn. Ltd.||3.16%|