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3 Year return

0
Nov '22Nov '2220232023Mar '23Mar '23May '23May '23Jul '23Jul '23Sep '23Sep '23Nov '23Nov '2320242024Mar '24Mar '24May '24May '24
Launched on July 2022 (3 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund

ENTER AMOUNT

Your Investment ₹18,000
Gain
  • 0.00%
  • ₹0
  • Total Value
  • ₹18,000

Risk Involved

scale

Your principal will be at

Moderately High Risk

Scheme Information

Asset Under Management

₹1570.06 Cr.

Expense Ratio

0.68% (inclusive of GST)

Exit Load

15% of the units allotted (including Switch-in/STP - in on or before completion of 365 days from the date of allotment of units: Nil. 1.00% - If redeemed within 1 year (365 days) from the date of allotment. Nil - If redeemed after 1 Year (365 days) from the date of allotment.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings
₹1570.06Crores
Other Holdings% of Asset
St Bk of India2.99 %
Reliance Industr2.68 %
Infosys2.27 %
Larsen & Toubro2.2 %
Axis Bank1.91 %
GSEC20341.74 %
Coal India1.72 %
Bharti Airtel1.66 %
Cholaman.Inv.&Fn1.59 %
HDFC Bank1.58 %
N A B A R D1.56 %
GSEC20321.53 %
Ambuja Cements1.46 %
ITC1.39 %
TCS1.36 %
NTPC1.3 %
I R F C1.27 %
Kotak Mah. Bank1.19 %
Net CA & Others1.14 %
Hindalco Inds.1.14 %
Tata Steel1.1 %
B P C L1.1 %
Tata Motors1.08 %
Shriram Finance1.07 %
TD Power Systems1.01 %
Bharat Electron1 %
Hind. Unilever0.99 %
Bharti Telecom0.96 %
Bank of Baroda0.96 %
Aurobindo Pharma0.96 %
N A B A R D0.95 %
Power Fin.Corpn.0.91 %
Punjab Natl.Bank0.9 %
LIC Housing Fin.0.84 %
Samvardh. Mothe.0.83 %
Torrent Pharma.0.83 %
SBI Life Insuran0.79 %
S A I L0.74 %
Sun Pharma.Inds.0.72 %
IndusInd Bank0.68 %
Fusion Microfin.0.66 %
Zomato Ltd0.65 %
Titan Company0.65 %
GSEC20330.64 %
Jamnagar Utiliti0.64 %
Nexus Select0.63 %
Electronics Mart0.62 %
Jindal Steel0.61 %
M T N L0.61 %
Yatra Online0.53 %
O N G C0.51 %
St Bk of India0.5 %
P I Industries0.49 %
Brigade Enterpr.0.48 %
Craftsman Auto0.48 %
Shriram Finance0.48 %
Bajaj Housing0.48 %
Havells India0.48 %
JSW Steel0.46 %
HCL Technologies0.45 %
DLF0.45 %
Interglobe Aviat0.44 %
LTIMindtree0.43 %
Bajaj Finance0.42 %
Go Fashion (I)0.42 %
MTAR Technologie0.39 %
Federal Bank0.38 %
Godrej Consumer0.38 %
Deepak Nitrite0.37 %
Maruti Suzuki0.36 %
IIFL Finance0.35 %
TVS Motor Co.0.35 %
Eicher Motors0.35 %
Max Financial0.34 %
J K Cements0.33 %
Biocon0.33 %
Dabur India0.32 %
REC Ltd0.31 %
Bank of Baroda0.3 %
Cipla0.29 %
Avalon Tech0.29 %
Tech Mahindra0.28 %
KFin Technolog.0.28 %
Chola Financial0.28 %
Kajaria Ceramics0.28 %
Bandhan Bank0.28 %
Krishna Institu.0.26 %
Prince Pipes0.26 %
Balrampur Chini0.23 %
Page Industries0.23 %
Cholaman.Inv.&Fn0.23 %
Sona BLW Precis.0.23 %
J B Chem & Pharm0.22 %
I D F C0.21 %
Westlife Food0.21 %
Gateway Distri0.2 %
Glenmark Pharma.0.2 %
Greenply Industr0.2 %
Crompton Gr. Con0.19 %
Bharti Hexacom0.18 %
Zee Entertainmen0.15 %
JNK0.14 %
Sun TV Network0.13 %
United Spirits0.13 %
ACC0.12 %
Adani Ports0.11 %
Cera Sanitary.0.1 %
SRF0.1 %
RBL Bank0.09 %
Container Corpn.0.08 %
Dixon Technolog.0.03 %
IIFL Finance0.01 %
Canara Bank0.01 %

Mirae Asset Mutual Fund Managers

HB

Harshad Borawake

Fund Manager since Jul 2022

View Details

Fund House Details

Mirae Asset Mutual Fund

Mirae Asset Mutual Fund Asset management company

AUM ₹164,467.60 Cr.
No. of Schemes 104
Setup Date November 2007

Peer Comparison

Comparison with other similar funds

Schemes by Mirae Asset Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

About Mirae Asset Balanced Advantage Fund Direct-Growth

Mirae Asset Balanced Advantage Fund is a hybrid fund managed by Mirae Asset Mutual Fund. It is a dynamic asset allocation fund, which means that the fund manager can change the asset allocation between equity and debt as per market conditions.

Investment Objective of The Scheme

The investment objective of the fund is to generate long-term returns by dynamically managing the asset allocation between equity and debt. The scheme has diversified funds across large-cap, mid-cap, and small cap stocks in addition to government and low-risk securities. To achieve the objective, the fund manager has the freedom to reallocate assets between equity and debt as per market conditions.

Key Features of The Fund

5-year return NA
Expense Ratio 0.68%
Fund Manager Harshad Borawake
Fund Size ₹1570.06 Cr
Risk Profile Moderately High

Is This Scheme Right for Me?

The fund is suitable for investors who have a medium to long-term investment horizon and who are looking for a balanced investment that can provide both growth and income. The fund comes under a very high-risk category. This makes the fund suitable for investors who want to participate in the growth of the equity market but also want to protect their capital in case of a market downturn.

AMC Contact Details

Name Mirae Asset Mutual Fund
Launch Date November 2007
Addresss Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098.
Contact 1800-2090-777
Email customercare@miraeasset.com
Website https://www.miraeassetmf.co.in/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Mirae Asset Balanced Advantage Fund Direct Plan IDCW Reinvestment?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Mirae Asset Balanced Advantage Fund Direct Plan IDCW Reinvestment on May 29 2024, is ₹13.033

FAQs

What is today's NAV of Mirae Asset Balanced Advantage Fund Direct Plan IDCW Reinvestment?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Mirae Asset Balanced Advantage Fund Direct Plan IDCW Reinvestment on May 29 2024, is ₹13.033